Author: NBTC

Bitcoin (BTC) short-term holders are bearing the brunt of market pressure as prices stay underwater, as reported by Glassnode. The Short-Term Holder cohort, representing new demand in the market, is experiencing significant unrealized losses. The magnitude of these losses has consistently increased over the last few months, though it has not yet reached full-scale bear market territory. The Short-Term Holder MVRV Ratio has fallen below the breakeven value of 1.0, trading at levels similar to August 2023 during the recovery rally after the FTX failure. “This tells us that the average new investor is holding an unrealized loss. Generally speaking,…

Hong Kong Monetary Authority has partnered with the Bank of Thailand and Banco Central do Brasil to advance cross-border tokenization projects under collaborative initiatives. Hong Kong‘s financial watchdog, the Hong Kong Monetary Authority, has partnered with the central banks of Thailand and Brazil to explore cross-border tokenization projects in an effort to develop use cases in areas such as trade finance and carbon credits. In Monday two separate press releases on Oct. 28, the HKMA said the collaborations will focus on developing use cases for tokenized assets under ongoing projects aimed at enhancing financial technology integration across borders. You might…

Co-founder of Satoshi Action Fund, Dennis Porter, claims a Democratic lawmaker is planning to introduce a legislation that would protect the rights of Bitcoin holders in a Democratic trifecta state, known as the Bitcoin Rights Bill. According to a post on X, the CEO of Satoshi Action Fund claims that he can confirm a Democrat lawmaker from a Democrat trifecta state is set to unveil a Bitcoin Rights Bill. If this news is proven true, then it would be the first time in history that a Democratic trifecta state will release a law that allows self-custody for Bitcoin (BTC) holders.…

The Central Bank of Argentina (BCRA) has opened a groundbreaking exhibition, marking the first time an international central bank has hosted live crypto-mining equipment as part of an art display. Titled Art, Artificial Intelligence, and the Future of the Economy, the exhibition showcases Bitcoin mining rigs alongside the iconic “Moneyballs”—spheres crafted from shredded currency—by artist and financier Alberto Echegaray. The exhibition, which officially opened on October 31 at the BCRA’s Historical Museum, reflects the bank’s evolving stance on digital assets. Echegaray, a pioneer in digital and crypto art, highlights the importance of exhibiting at a central bank, stating, “No Central…

Aptos Foundation has teamed up with SK Telecom to bring Tether’s USDT stablecoin to T wallet. Aptos Foundation is set to integrate Tether’s (USDT) stablecoin into SK Telecom’s web3 product called “T wallet” in a bid to expand access to stablecoins through a familiar platform used by millions of SK Telecom’s customers. In a Friday press release shared with crypto.news, the foundation said the integration, supported by SK Telecom’s PASS app, will enable users to access USDT on the Aptos blockchain with minimal friction, bridging traditional finance with decentralized systems. SK Telecom, the nation’s largest telecom operator, sees the partnership…

Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders are watching closely to see if the bearish trend will continue or if a reversal is on the horizon as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory. As Bitcoin faces increasing selling pressure, this article explores the recent bearish signals affecting its price movement, analyzing key technical indicators that suggest a potential…

Crypto investment products experienced inflows of $901 million this month, marking the fourth-largest inflow on record, per data from CoinShares. Crypto investment products recorded inflows of $901 million in October, marking the fourth-largest inflow month on record and accounting for 12% of total assets under management. Data from CoinShares indicates that year-to-date inflows now total $27 billion, nearly tripling the previous record of $10.5 billion set in 2021. CoinShares head of research James Butterfill says current Bitcoin (BTC) prices and flows are “heavily influenced by U.S. politics, with the recent surge in inflows likely linked to the Republicans poll gains.”…

Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem. Bitcoin layer-2 solution Stacks (STX) is introducing its Bitcoin-backed asset, sBTC, to the Aptos network, enabling developers to incorporate sBTC into decentralized applications. According to a press release shared with crypto.news, this move will allow Bitcoin (BTC) to be used across decentralized applications built on Aptos (APT), which is powered by the Move programming language. At the core of this integration is sBTC, a Bitcoin-backed token that enables Bitcoin to be securely transferred to Layer 2 networks like Stacks. With sBTC, Bitcoin…

Former President Donald Trump has publicly pledged to remove current SEC Chair Gary Gensler if he wins the 2024 presidential election, promising to appoint a more crypto-friendly regulator. This decision could shift regulatory oversight of the crypto and financial markets. However, questions about the president’s authority to remove SEC commissioners without cause have raised legal concerns. If Trump wins, one of these things will happen:1. @GaryGensler resigns promptly, as is the tradition when there is a change in administration. 2. Trump asks for Gensler’s resignation on Day 1 and he complies.3. Trump replaces Gensler as SEC Chairman, but allows him…

Crypto exchange BITPoint Japan becomes the first ever in Japan to start listing the memecoin “PEPE.” The frog-based popular meme crypto, PEPE will be available for spot trading, lending, and savings. Ranked 24th on Coinmarketcap with the staggering cryptocurrency market capitalization of 4 Billion, the crypto is exchanging hands at $0.059521 after going up by 0.44%. BitPoint Japan announced the start of trading of the cryptocurrency PEPE, the first memecoin in Japan to be listed. The token will be available for spot trading, lending, and fixed investment on the exchange. PEPE is a crypto asset created in 2023 and based…