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.

S&P 500 eyes new record high as Wall Street stays upbeat

Wall Street was upbeat at the open on Friday, July 18, with stocks looking to extend gains after the S&P 500 and Nasdaq edged to record highs in recent sessions. Although the Dow Jones Industrial Average was down 20 points, the S&P 500 and the Nasdaq were up 0.2% and 0.3%, respectively. The positive start to the final trading day of the week for the S&P 500 came as Wall Street recorded fresh all-time highs, with the Nasdaq leading during the previous session. Better-than-expected quarterly earnings and upbeat economic data helped fuel broader optimism across risk assets. Cryptocurrencies and crypto…

MarketsJul 22

Crucial Bithumb Suspension Paves Way for Oasys Upgrade

For anyone navigating the dynamic world of cryptocurrencies, staying informed about exchange announcements is paramount. A recent development from South Korean crypto exchange Bithumb has caught the attention of OAS token holders, signaling a temporary but significant change. This isn’t just a routine update; it’s a crucial step designed to support the underlying technology of the Oasys blockchain. Understanding the implications of such announcements, especially regarding your OAS token holdings, is vital for ensuring your assets remain accessible and secure. Let’s delve into what this suspension means for you and the broader Oasys ecosystem. Understanding the Bithumb OAS Token Suspension…

ExchangesJul 22

Bitcoin miner Mawson ousts CEO amid fraud allegations

Nasdaq-listed Bitcoin miner Mawson Infrastructure Group Inc. has reportedly dismissed its CEO, Rahul Mewawalla, amid allegations of fraud and breach of fiduciary duty. The lawsuit was initiated in the Delaware Court of Chancery, and the allegations range from suspected fraudulent activities to misconduct. Mewawalla denies wrongdoing, points to earlier achievements The dismissal of Rahul Mewawalla comes as a surprise to many as it is happening months after Mawson awarded him $2.5 million in cash bonuses, 1.2 million restricted stock units, and a base salary increase to $1.2 million, a reward for what it called “high-performing” executive performance. On May 30,…

MiningJul 22

H100 Group AB raises $14.1M SEK to fund Bitcoin Treasury Strategy

H100 Group AB, which now holds 370 BTC on its balance sheet, has raised approximately $14.1 million through a directed share issue to further bolster its Bitcoin Treasury strategy. H100 Group AB, a Swedish health technology company with a Bitcoin Treasury, has announced a successful directed share issue, raising approximately SEK 14.1 million from a group of qualified investors, including Evan Rosenberg, Loek Schellekens, and Sebastiaan Hendrik Gerrit Jan Ribbink. The offering includes up to 1,523,089 new shares priced at SEK 9.30 each, matching the stock’s closing price on July 18. The new shares represent a modest dilution of around…

BitcoinJul 22

CryptoPunks Lead as NFT Trading Volume Rebounds on Solana and Ethereum

CryptoPunks and other established NFT projects are seeing renewed interest as the price of leading altcoins rise, with recent activity concentrated on Ethereum and Solana. The NFT market has cooled drastically in recent years, but Sunday marked its busiest day since February, with $26 million worth of tokenized JPEGs changing hands across Ethereum’s ecosystem, according to a Dune dashboard created by Hildebert Moulié, a data scientist at venture firm Dragonfly. On Monday, that was followed up with $24.9 million in trading volume. Over half of Sunday’s trading volume could be attributed to CryptoPunks.app, the official marketplace dedicated to the iconic…

NFTJul 22

A First in Ethereum and US History! Extraordinary Data Coming for ETH!

The long-awaited days have finally arrived for Ethereum, and ETH is experiencing a major boom. The good news continues to come for ETH, which has surged by up to 30% in just one week. At this point, a historical turning point has also occurred in spot ETH ETFs, which have failed to deliver the expected good performance since their launch. US Ethereum spot ETFs recorded their largest net capital inflow ever the previous day. Spot ETH ETFs set a new daily net inflow record of $726.6 million on Wednesday as ETH and altcoins surged, according to Farside Investors data. While…

EthereumJul 22

David Bailey’s hedge fund achieves 640% returns by investing in Bitcoin proxies

Key Takeaways 210k Capital achieved a 640% net return by investing in companies accumulating Bitcoin. Major holdings include firms like The Smarter Web and Metaplanet that have transformed into significant Bitcoin buyers. 210k Capital, an investment fund led by Trump’s crypto adviser David Bailey, generated a 640% net return in the 12 months through June by investing in Bitcoin treasury companies, according to a new report from Bloomberg. The fund managed $433 million in assets as of June 30. Bailey, who helped launch Bitcoin Inc. and organized the recent Bitcoin 2025 event, has profited handsomely from both advocacy and investment.…

MarketsJul 22

Crypto Week in Congress Nearly Goes Off the Rails

Crypto Week in Congress has turned chaotic. And while a smooth process may have been too much to expect, few could have predicted the legislative event would be nearly derailed—and irreparably damaged, policy leaders say—by a combination of Jeffrey Epstein and a digital “mark of the beast.” Crypto leaders, House Republicans, and the White House rolled into Monday with a prideful plan to take over Washington with “Crypto Week”: a five day legislation bonanza poised to climax with the signing of one major crypto bill into law, and the hand-off of another from the House to the Senate. But the…

RegulationJul 22

Abu Dhabi Judicial Department Accepts AE Coin for Legal Fees

Abu Dhabi becomes the first in the Middle East to accept AE Coin for legal court fees. AE Coin’s adoption by ADJD marks a bold step in the UAE’s digital government strategy. This move signals stronger UAE efforts to integrate blockchain in public services. The Abu Dhabi Judicial Department (ADJD) has officially introduced AE Coin as a payment method for judicial and legal service fees. This development follows a strategic agreement with Al Maryah Bank, a UAE-based financial institution. It marks the first instance of a Middle Eastern government entity adopting a stablecoin for public service transactions. AE Coin, regulated…

ExchangesJul 22

Bitcoin Is In A Sideways Trend Below $120,000

The price of Bitcoin (BTC) began a sideways decline below the $120,000 mark after its recent peak. Bitcoin price long-term prediction: bullish On July 14, as Coinidol.com wrote, Bitcoin plummeted sharply after reaching the resistance level of $123,120. A long candle wick indicated the presence of sellers in the price movement. The largest cryptocurrency is currently trading above the current support level of $116,000 but below its high of $120,000. Once the price breaks above the $120,000 mark, the uptrend will kick in and BTC will rise to $133,000. Selling pressure will increase if Bitcoin price falls below the $116,000…

BitcoinJul 22