Author: NBTC

Bitcoin is up 22% since the Yen carry trade unwind on Aug. 5, while gold and the S&P 500 are up around 11%. Over 65% of the circulating bitcoin supply has remained unmoved for over a year. Almost all holders are in profit if they held for three years, while they are all in profit if they held for at least five years – Unchained. BlackRock released a report last week, titled “bitcoin as a unique diversifier.” The investment giant identified four key points from the report. First, how to analyze bitcoin (BTC) in relation to traditional financial assets due…

Nexo, a multi-product ecosystem of cryptocurrency products, joins Colombia Fintech Association underlining the company’s notable expansion into Colombia’s thriving blockchain market. Colombia Fintech Association welcomes Nexo as strategic member According to the official statement of Nexo, one of the leading digital assets institutions, it has become a strategic partner of Colombia Fintech Association. This decision was taken amid another phase of company’s expansion to Latin America. Nexo’s membership in the Colombia Fintech Association, which features over 360 innovative companies and 9,000 professionals, will enable deeper integration into the country’s dynamic financial ecosystem. Colombia’s burgeoning fintech scene — driven by a…

Ankr (ANKR) is attracting fresh attention despite the price being 3.7% down over the past week and 7% in the past month. The decentralized Web3 infrastructure platform has multiple key developments and potential bullish catalysts as the price hovers around the $0.025 level. Notably, ANKR has bounced from the lows of $0.020 reached on Aug. 5 as the crypto market sell-off pushed both Bitcoin (BTC) and Ethereum (ETH) to new multi-month lows. How has ANKR price performed in 2024? ANKR is the token that drives Ankr’s decentralized ecosystem. Other than governance, the token is key to the network’s transactions and…

The crypto gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…

Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024, mining revenues were lagging, with hashprice sitting at $42.98 per petahash per second daily. Fast forward to today, and the hashprice is 10.33% higher. For context, hashprice refers to the estimated daily earnings from 1 PH/s of Bitcoin’s hashpower. Miners have had a couple of boosts lately—a…

Bitcoin Set to Hit $70,000 with Trump’s Historic Crypto Move, Harris’s Pro-Crypto Shift, and Fed Rate Cuts. As Bitcoin nears a significant milestone, approaching $70,000, BTC is regaining prominence in financial discussions. Pivotal political endorsements and favorable economic conditions fuel this renewed interest. A recent YouTube video titled “The Real Reason Bitcoin is About To Hit $70,000!” by Altcoins Daily highlights these key developments. Bitcoin’s Evolution and ‘Moon Mission’ With its 16th anniversary on the horizon, Bitcoin $BTC is perceived as a pioneer of a financial revolution. Experts suggest that Bitcoin is poised to surpass the $70,000 mark shortly, describing…

Two major US carriers are testing traffic offloading onto the decentralized Helium Mobile Network. Helium’s decentralized wireless network is gaining traction, enabling global devices to connect freely to the internet. In a tweet, Helium announced that two major US carriers have begun testing to dump their traffic onto the Helium Mobile Network. This is a watershed event in the evolution of decentralized networks, showcasing their rising support for established telecoms corporations. Carrier Has Arrived 👀🥁 2 large US carriers have initiated tests to offload their traffic onto the @Helium MOBILE Network, and the results are lighting up the charts! Decentralized…

Pro-crypto billionaire Mark Cuban has set his gaze on the Securities and Exchange Commission chair position after demanding Gary Gensler’s sack. A day after American billionaire Mark Cuban advocated for the sack of Gensler, he declared his intentions to replace the SEC chairperson. In an interview with Fox News, Cuban stated he would take the position of head of the SEC. When asked which job he would hold in the Kamala Harris government, Cuban said without hesitation that he would take on the position of the SEC Chairperson. The pro-crypto billionaire chose this position over appointments like Treasury Secretary and…

With its Bitcoin portfolio, MicroStrategy is almost ready to achieve an incredible milestone as it approaches a $7 billion profit. Bitcoin is getting close to $7,000,000, which suggests that the company’s aggressive accumulation strategy is working. This most recent development is evidence of MicroStrategy’s long-term strategy, which has made the company synonymous with massive Bitcoin investments under the direction of CEO Michael Saylor. The company’s approach has been quite simple: acquire Bitcoin at different prices independent of the state of the market and retain it as a reserve asset. Due to their consistent buying of Bitcoin during market downturns, MicroStrategy…

In comments to Bloomberg today, SEC Chair Gary Gensler discussed BNY Mellon’s crypto custody structure. He suggested that the model used for Bitcoin and Ether ETFs could be applied to other digital assets. While the current approval applies only to Bitcoin and Ether ETFs, Gensler noted that the custody structure is not limited to specific crypto assets. “Though the actual consultation related to two crypto assets, the structure itself was not dependent on what the crypto was, it didn’t matter what the crypto was.” said Gensler. BNY Mellon now has the flexibility to extend its custody services to other digital…