Author: NBTC

Exchange-traded funds (ETFs) have emerged as a significant topic, particularly concerning their potential to fuel the Bitcoin (BTC) price to surpass its previous all-time high (ATH) of nearly $70,000. Furthermore, BTC proponents are optimistic that the upcoming halving event scheduled for April 2024 will provide a further boost to the world’s flagship cryptocurrency. Bitcoin’s bullish momentum Bitcoin (BTC) hit its highest price since 2021 and neared its record peak of $69,000 achieved in November 2021, before undergoing a significant correction. The price remains comfortably above the $62,000 price region at press time. Bitcoin’s strong bullish momentum has been mainly credited…

Professional basketball player and NBA All-Star Tyrese Haliburton has said that he would consider taking a portion of his salary in cryptocurrency. The 24-year-old Indiana Pacers point guard discussed his experiences with crypto during an interview with CoinDesk alongside 2024 NBA Slam Dunk Contest champion Mac McClung. “I don’t ever want to say never,” Haliburton told CoinDesk. “With my schedule, I’m not day trading, but my brother does that a lot. So I could see myself taking a large sum of my contract and giving that to my brother to day trade and pay attention to the dips in the…

A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million. Per Newsis, the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team arrested the unnamed individual on March 19. South Korean Altcoin Issuer ‘Conspired with Market Maker’ The arrest follows a crypto market maker’s dramatic and ultimately unsuccessful sea escape in December last year. On December 20, 2023, Coast Guard officials intercepted a boat carrying the market maker, surnamed Park (42) and nicknamed Jon Bur Kim. Under this alias, Park also built up…

Bitcoin price is gaining momentum above the $62,000 resistance. BTC is signaling an upside break and might surge toward the $65,000 resistance. Bitcoin price is moving higher from the $61,200 support zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $62,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher toward the $65,000 resistance or even $65,730. Bitcoin Price Regains Strength Bitcoin price remained well-bid above the $60,000 support zone. A base was formed,…

As we reported as Bitcoinsistemi.com, the FED announced that it left interest rates constant, as expected. Following this development, which is not a surprise, FED President Jerome Powell will make a press statement and then take questions from journalists. Since the decision to keep the interest rate constant is an event that has been mentioned many times by analysts and is considered certain, the markets are focusing on what Jerome Powell will say. Here are the important highlights from Jerome Powell’s speech: The economy has made significant progress, inflation has decreased significantly. But continued progress is not assured and the…

The UK Financial Conduct Authority (FCA) announced that it intends to recover the equivalent of $8 million in costs stemming from the supervision of stablecoins and crypto, according to a March 19 release. The funds will be recovered in the form of fees placed on stablecoin issuers and digital asset custodians. The regulator mainly plans to recover £6.2 million ($7.9 million) related to new stablecoin regulations and a wider regime. It will additionally recover £0.2 million ($254,400) for extending the financial promotions perimeter. Both sums fall under the plan’s “cryptoasset” category. Together, the total costs to be recovered amount to…

In an exciting development for the world of blockchain gaming, XPLA, a prominent blockchain mainnet and global Web3 gaming platform, has joined forces with Matter Labs, a company specializing in software development, engineering, and cryptography, particularly known for their work on zkSync. Together, they aim to propel the development and deployment of Web3 games through the innovative zkXPLA ecosystem. Art credit.—The primary goal of this collaboration is to enhance the infrastructure supporting Web3 games and projects within the Ethereum ecosystem. The zkXPLA mainnet is tailor-made for this purpose, offering interchain integration and providing a platform for the seamless onboarding of…

Bitcoin (BTC) has managed to reclaim a price point of $64,000, a mere 8% shy of its all-time high. The leading digital currency has closed its “greenest” weekly candle ever, with a staggering $11,404 difference between its opening and closing prices on Bitstamp. This rally has caught the attention of investors and analysts alike, prompting a closer examination of the factors driving this bullish momentum. The supply shock Central to Bitcoin’s recent surge is the growing interest in Bitcoin exchange-traded funds (ETFs), with BlackRock’s iShares Bitcoin Trust (IBIT) leading the charge. The fund has shattered records by joining the $10…

The decentralized cloud GPU provider explains to Crypto Briefing the utility of their nodes and what was their funding strategy. Decentralized cloud GPU provider Aethir sold $60 million of its network nodes in less than half an hour on Mar. 20, according to an X post. The nodes, called Checkers, ensure the integrity and performance of the Aethir network, verifying the virtual endpoint specifications. The company shared with Crypto Briefing that its strategy was to avoid too much institutional capital and forge partnerships with launchpads in five major regions, three different ecosystems, and over 60 different communities. “For our network…

The U.S. SEC and Ripple have filed a joint proposal seeking to govern all sealing issues with respect to the upcoming remedies-related brief that would be filed in the lawsuit. In a motion submitted yesterday in the United States District Court for the Southern District of New York, the parties proposed a new schedule for sealing confidential materials in the upcoming remedies brief. As usual, the development was shared by prominent crypto advocate James K. Filan in a tweet yesterday. #XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint sealing proposal “to govern sealing issues relating to the…