Author: NBTC

Bitcoin is trading roughly 50% below its all-time high set back in October, and more than 40 weeks into the current downturn, four separate long-term indicators are converging in a way that has historically marked the later stages of a bear market rather than the early ones, according to one analyst. A Historically Accurate Model Nearing Its Floor Bitcoin is currently tracking close to the lower boundary of its long-term power law, a pricing model that has held roughly 96% accuracy throughout the asset’s history. The price has not broken decisively below that boundary, but it remains at the extreme…

Blockchain Association asked five U.S. agencies to clarify that customer identification requirements under the $GENIUS Act apply to direct issuer relationships, not independent peer-to-peer stablecoin transactions. The industry group filed its comments by the Aug. 21 deadline and summarized its position on Aug. 24. It supported the proposal’s main approach but requested clearer definitions, less duplicated compliance work and explicit flexibility for digital identity tools. FinCEN, the Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation and National Credit Union Administration jointly proposed the customer identification program in June. Stablecoin identity checks focus on direct customers…

$HTX denied authorizing a series of disputed cryptocurrency microtransfers on Aug. 20 after some users alleged that funds originating from $HTX-linked addresses caused compliance restrictions at Kraken and other exchanges. An $HTX representative using the @$HTX_Molly account said an internal review found no activity from official company accounts. The representative suggested that affected users could have initiated transfers independently while trying to protest or test Kraken’s restrictions. The same representative claimed that funds frozen at Kraken included cases worth as much as $4.2 million. $HTX did not publish account records, transaction hashes or communications from Kraken supporting that figure. Kraken…

Kruger said bitcoin needs to clear $67,300 to break out of the multi-week consolidation that has capped prices since June. A move above that level could signal the next leg of higher, while ether ($ETH) faces a similar test at $2,000. Tom Lee, chairman of Bitmine and co-founder of Fundstrat, also noted ether’s recent outperformance relative to $BTC as a bullish signal for crypto markets. The $ETH-$BTC ratio, which measures the price of ether in bitcoin, climbed to a three-month high on Monday. Rally lacks demand amid macro risks Still, not everyone is convinced about bitcoin’s strength. Nansen senior research…

Top-Line Growth Bitdeer Technologies Group released unaudited financial results for the second quarter (Q2) of 2026, Aug. 10, demonstrating strong top-line revenue growth accompanied by persistent cost pressures. While the company’s cost of revenue grew faster than total revenue year-over-year, the pace of cost growth slowed significantly compared with the first quarter, helping narrow Bitdeer’s gross loss. Total revenue for the three months ended June 30 totalled $228.8 million, up from $155.6 million in the second quarter of 2025 and up 21.1% from $188.9 million in Q1 of 2026. The cost of revenue climbed to $237.3 million from $143.6 million…

Solana co-founder Anatoly Yakovenko has floated the idea of expanding $SOL’s supply, paying for a company with incremental tokens, then using the acquired business’s revenue to buy and burn $SOL. The posts sketch a tokenomic cycle, but leave its issuance and acquisition mechanics undefined. In an Aug. 15 post, Yakovenko called the concept more bullish than simply lowering inflation. He clarified the next day that company revenue would fund $SOL purchases and burns, which he characterized as returning value to holders. As of Aug. 18, the reviewed official merged-proposal directories contained no acquisition SGP or SIMD. Protocol approval cannot buy…

A business owner in Las Vegas faces a statutory maximum sentence of 280 years in prison after a federal jury convicted him of running a $24 million crypto Ponzi scheme that defrauded at least 400 investors. The US Justice Department said Monday that Brent Kovar was found guilty of 11 counts of wire fraud, two counts of mail fraud and two counts of money laundering following a nine-day trial. Kovar owned Profit Connect from late 2017 to July 2021. The company purportedly used artificial intelligence software on a supercomputer to mine crypto and verify other crypto transactions. Kovar falsely presented…

OpenLedger, a blockchain infrastructure company, is betting that ‘agentic payments’ — transactions initiated and executed by AI agents without human intervention — will emerge as the defining use case at the intersection of artificial intelligence and cryptocurrency. Ram Kumar, co-founder of OpenLedger, shared the prediction in a recent interview with The Block, outlining a future where AI agents handle not only payments but also trading and other financial activities. Why Agentic Payments Matter The concept of agentic payments is gaining traction as AI systems become more autonomous and capable of performing tasks that traditionally required human oversight. In the crypto…

While Bitcoin remains stagnant, analysts on on-chain analysis platforms have noted that a sustained bottom in the market has yet to be confirmed. Nansen reported that the possibility of Bitcoin retesting the $52,000 to $58,000 region remains. According to the company, this week’s Federal Reserve interest rate decision and Strategy’s second-quarter financial results are among the key catalysts that could determine Bitcoin’s next direction. CryptoQuant data showed a significant divergence between individual investors and whales in Bitcoin transfers to Binance. According to Binance Whale to Exchange Flow data, the total value of Bitcoin sent to the exchange by whales over…

Fireplace, the prediction markets trading terminal that raised $1.5 million in February, told users on August 10 that it is shutting down and gave them until September 30 at 23:59 UTC to close positions, withdraw funds, and export their accounts. “We’re shutting down Fireplace,” the company posted. “To everyone who traded with us and supported us along the way, thank you. It was a hell of a run.” No reason for the closure appears anywhere in the announcement, and a reply asking whether the problem was volume drew no response from the company. Fireplace asked anyone building in prediction markets…