Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Bitcoin's Rise Dethroned Amazon! Bitcoin Now the 5th Largest Asset by Market Cap! Here Are the Details

Bitcoin has risen to become the world's fifth-largest asset by market capitalization after its price surpassed $122,000. The cryptocurrency's total market capitalization has reached $2.407 trillion, surpassing Amazon, Google, and silver. Bitcoin Surpasses $122,000, Becoming the World's 5th Most Valuable Asset Gold ($22.64 trillion) currently leads the ranking of assets with the highest market capitalization, followed by NVIDIA, Microsoft and Apple, respectively. Bitcoin's historic rise is being viewed as a rally fueled not only by market momentum but also by infrastructure developments. “This isn't just a price movement; institutional inflows via ETFs, progress on crypto policies in Washington, and improved…

BitcoinAug 3

Ethereum retraces from $3,900 local top but declining exchange reserves signal more upside

Ethereum is trading at $3,786, down about 3.7% from its local high of $3,933 recorded on July 28. Summary ETH is still up 56% in the last 30 days despite a 3% pullback from $3,933 local top. Exchange reserves fell by over 1M ETH in the past month, signaling reduced sell pressure. ETH ETF inflows remain strong, while technicals show bullish momentum with short-term exhaustion. The move marks a minor retracement after a sharp rally over the past 30 days, with the token still up 56%. While trading volume has dropped 12.2% over the last 24 hours to $26.1 billion,…

EthereumAug 3

KONA I’s Pioneering Demo Ignites Digital Finance Future

The world of digital finance is buzzing with anticipation, and a groundbreaking development is set to put South Korea at the forefront of stablecoin innovation. Imagine a digital currency that combines the stability of traditional money with the efficiency of blockchain technology. This is precisely what a South Korea stablecoin aims to achieve, and a pivotal moment is fast approaching. KONA I, a prominent South Korean fintech firm, is poised to make history by conducting the nation’s first stablecoin issuance demonstration. This event, scheduled for July 31, represents a significant leap towards integrating digital currencies into everyday financial systems, potentially…

MarketsAug 3

South Korea Flags Upbit and Bithumb's Crypto Lending, Margin Trading Services

South Korea’s financial watchdogs have raised red flags over crypto lending and margin trading products recently launched by Upbit and Bithumb, warning of legal uncertainty and investor risks tied to high-leverage trading in the absence of proper safeguards. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) summoned officials from the country’s top five crypto exchanges last Friday to raise concerns, according to Korea JoongAng Daily. The warnings came after Bithumb launched a lending service on July 4, allowing users to borrow digital assets or fiat against crypto collateral, with up to 4x leverage across 10 tokens including Bitcoin…

RegulationAug 3

VALR introduces tokenized U.S. stock trading in South Africa

VALR, the largest crypto exchange in Africa by trade volume, has launched xStocks on its platform, becoming the first crypto exchange on the continent to offer tokenized U.S. equities trading, based on details shared with Finbold on July 31. The service allows customers to gain price exposure to leading U.S.-listed companies including Tesla, Nvidia, Robinhood, Circle, and Coinbase through tokenization. Farzam Ehsani, Co-Founder and CEO of VALR, emphasized the significance of the launch for African markets: “The launch of xStocks on our platform represents a pivotal moment in advancing access to innovative products that brings choice and inclusion to people…

ExchangesAug 3

Bitcoin Miner Profits Hit Highest Monthly Mark Since Halving: JP Morgan

Bitcoin miner profits reached their highest monthly mark in July since the last halving in April of 2024, JP Morgan analysts wrote in a note published Friday. Miners were able to earn an average of $57,400 per EH/s in daily block reward revenue, the analysts, Reginald L. Smith and Charles Pearce, wrote. "July was another strong month for Bitcoin miners," the report read. "Mining profitability reached the highest level since the most recent halving (Apr '24), and ten of the thirteen miners we track outperformed BTC price appreciation for the month (+8%)." Bitcoin hit a record high of $122,838 in…

MiningAug 3

Stability World AI Joins Ai Xovia to Revolutionize AI-Powered Finance on Solana

Stability World AI is excited to announce its groundbreaking collaboration with Ai Xovia to transform the future of decentralized finance. This partnership aims to build more transparent, intelligent, and utility-driven systems by merging artificial intelligence (AI) with human-powered execution. Stability World AI, a decentralized financial infrastructure powered by AI, has announced the news via its official X account. The other partner, Ai Xovia, is a next-generation autonomous finance ecosystem on the Solana blockchain. 🚨 Partnership Announcement We're thrilled to partner with @AiXovia — a next-gen autonomous financial ecosystem built on Solana, powered by AI and a human-powered execution network. Together,…

BlockchainAug 3

Bhutan Quietly Sells $59M in Bitcoin as BTC Hits $123K, Still Holds Over $1.4B in Reserves

Bhutan is cashing in on crypto, again. The tiny Himalayan nation accelerated sales from its crypto treasury and offloaded over 512.84 bitcoin , worth $59.47 million, in the past four days, according to blockchain tracking platform Lookonchain, as BTC soared to over $123,000. Bhutan still holds 11,411 BTC even after this round of selling, a stack currently valued at over $1.4 billion, per Lookonchain. The Royal Government of #Bhutan has been accelerating its $BTC sales! In the past 4 days alone, #Bhutan sold 512.84 $BTC($59.47M) — selling every day. They still hold 11,411 $BTC($1.4B).https://t.co/hiNf1ySQhUhttps://t.co/dcqekOeedc pic.twitter.com/b3cQy0ryk8 — Lookonchain (@lookonchain) July 14,…

BitcoinAug 3

Massive Amber Group ETH Withdrawal Sparks Market Buzz

A significant Amber Group ETH withdrawal has recently made waves in the crypto world. This move, involving nearly $60 million worth of Ethereum, immediately sparked discussion and speculation across the digital asset landscape. For anyone closely watching the ebb and flow of major crypto holdings, such a substantial transfer from centralized exchanges warrants a closer look. What are the details of this significant withdrawal, and what might it signal for the market and for Amber Group? Unpacking the Substantial Amber Group ETH Withdrawal Within the past hour, a wallet suspected to be linked to the prominent crypto financial services platform,…

EthereumAug 3

Circle claims Just A Circle’s use of CRCL ticker is brand infringement

Fifty-billion-dollar stablecoin firm Circle Internet Group has accused a circle-themed memecoin of “brand infringement,” leading to a modification of its ticker on Solscan. That’s according to an investor and member of the “Just A Circle ($CRCL)” memecoin community who told Protos, “Is it really necessary for [Circle] to be asserting infringement on a shape, or a stock ticker?” The token’s ticker on Solscan was changed from CRCL to SPL Token at some point in June. According to the investor, Solscan claimed, “We have received reports that this token uses copyrighted or trademarked material without authorization and is not associated with…

MarketsAug 3