Author: NBTC

HIVE Digital co-founder Frank Holmes stated this week that several sanctioned nations are actively mining Bitcoin (BTC) in secret, turning to the crypto as an alternative revenue stream in the face of U.S. financial restrictions. Holmes made the claims during a recent interview with the Roundtable. He tied a recent drop in global mining difficulty to military strikes targeting power infrastructure in Iran, suggesting the country’s military was using energy resources to mine Bitcoin and generate hard currency. The comments reflect a broader trend in which governments cut off from traditional financial systems are leveraging crypto mining to fill economic…

ETH Strategy completes a pre-launch raise as it gears up to debut its on-chain protocol. So far, the project has raised a total of 12,342 Ethereum to date. How will it affect ETH in the long-run? Summary ETH Strategy is set to debut on-chain after raising $46.5 million in ETH. Institutional demand for ETH could lead to increased stockpiling action that drives the price up. However, ETH Strategy’s unlocking period could lead to slight corrections. The treasury protocol ETH Strategy recently completed a raise that has amounted to around $46.5 million in ETH (ETH), according to its report summary. The…

Earlier this Tuesday, the prices of Bitcoin (BTC), XRP, and other major tokens surged higher amid rumors of Federal Reserve Chair Jerome Powell’s resignation started spreading like wildfire on the X social media network. Several right-wing influencers and some cryptocurrency accounts started sharing a resignation letter that was allegedly written by Powell. However, there is no official statement regarding Powell’s resignation, and the letter is obviously not authentic. Apart from nonsensical text, its seal, which was likely generated with the help of artificial intelligence (AI), features some gibberish text instead of clearly legible titles. There are also some glaring design…

Tyler Winklevoss, the CEO of crypto exchange Gemini, is at the center of a rift over support of President Donald Trump’s nominee to run the obscure-but-highly-relevant regulatory agency, the Commodity Futures Trading Commission. He thinks former CFTC Commissioner Brian Quintenz is a bad choice, and he’s been talking with officials from the Trump administration about it, he told CoinDesk in an interview. That coincides with the White House slamming the brakes on a necessary step in Quintenz’s confirmation process in the Senate. The administration didn’t give the Senate Agriculture Committee a full explanation when it halted Quintenz’s committee vote this…

TaskOn, a prominent platform known for empowering Web3 growth, has announced its collaboration with EPHYRA, an AI-powered gaming platform. This union is set to elevate the AI-powered gaming experience for the user community by merging their expertise. Overall, both FinTech platforms are opening a new chapter in Web3 space with interactive entertainment. TaskOn has revealed this synergy through its official X account. 🚨 We’re excited to kick off our official partnership with @EPHYRA_AI and you’re invited!EPHYRA is a versatile entertainment platform that seamlessly integrates AI, gaming, and companion services to deliver an all-in-one AI-powered gaming experience.Join the community and… pic.twitter.com/Jqz4mdAfr0…

The dynamic world of cryptocurrency often moves at a rapid pace, with new developments emerging constantly. However, sometimes, the gears grind to a halt, prompting an urgent need for attention from traders and investors. Recently, a significant event unfolded in the South Korean crypto market, directly impacting users of one of the nation’s largest exchanges. We are referring to the unexpected Upbit TIA suspension, which has temporarily halted the flow of Celestia (TIA) tokens on the platform. For many, such an announcement can trigger immediate concerns about asset safety and accessibility. Understanding the nuances of why an exchange might implement…

As Bitcoin’s largest holders reduce their positions, the number of Ethereum whale wallets is increasing, fuelling speculation about a possible altcoin rotation led by Ethereum. Summary ETH whale wallets jumped 8% while BTC whales fell 1.61% in two weeks. $840M in ETH was bought by top holders in 48 hours. CryptoQuant data suggests ETH gains stem from new inflows, not BTC selling and rotation. According to blockchain data shared by Santiment on July 29, the number of wallets holding at least 1,000 Bitcoin (BTC) has fallen by 1.61% in the past two weeks. In contrast, Ethereum (ETH) wallets with at…

The Financial Times reports that JPMorgan, the world’s biggest bank, is looking into issuing crypto-backed loans, meaning that its clients may soon be able to pledge bitcoin, ether, or some other token to borrow dollars. The news is notable for a couple of reasons. Crypto folks love pointing out that Jamie Dimon, the bank’s chief executive, famously said in 2017 that he’d fire any employee caught trading bitcoin for being “stupid,” so JPMorgan considering the issuance of such a product (and getting involved with stablecoins) is seen as vindication by some in the industry. More interesting is what JPMorgan’s move…

With the passage of the GENIUS Act and growing momentum behind the CLARITY bills in Congress, regulatory clarity for digital assets is finally within reach—delivering the legal framework the crypto industry long demanded. But as that clarity arrives, are crypto incumbents the real winners? For years, the dominant narrative from the crypto industry was that unclear regulation and enforcement would straitjacket the industry in the world’s largest economy. It did. Lawsuits crippled startups. Capital left the U.S. Talent flowed abroad. One group suffered most of all: the country’s more than 3,300 U.S. broker-dealers. Bound by federal laws, broker-dealers were forced…

Satoshi Nakamoto, the guy behind Bitcoin, is now thought to be the 11th richest person on the planet. And he has not moved a single dollar to get there. With Bitcoin hitting over $123,000, the 1.096 million BTC linked to Nakamoto’s early mining activity is now worth over $133 billion, according to Arkham Intelligence. That puts him just behind Google cofounder Sergey Brin, who is 10th on Forbes’ rich list with a reported net worth of $142.3 billion. To put it simply, just $10 billion more and Satoshi enters the billionaire elite exclusive tier. For that to happen, Bitcoin needs…