Author: NBTC

Bitcoin miners had plenty to smile about in November, as their revenue received a significant boost thanks to a price climb, hitting levels not seen since April. Bitcoin Miners Celebrate $1.21B November Payout as Hashrate Soars Bitcoin miners saw brighter days in November, enjoying a substantial boost in earnings compared to October, thanks to a significant rise in the hashprice—the estimated value of 1 petahash per second (PH/s) of hashpower. Starting the month at $46.71 per PH/s, as reported by hashrateindex.com, the hashprice climbed to $60.69 per PH/s by the month’s end. Notably, it even brushed close to $64 per…

Bitcoin price climbed further higher above the $67,500 resistance zone. BTC is now consolidating and might clear the $68,350 resistance to continue higher. Bitcoin remained stable and extended gains above the $68,000 zone. The price is trading above $67,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,000 resistance zone. Bitcoin Price Remains Supported for More Upsides Bitcoin price remained supported and extended its increase…

Flare, the blockchain for data, has accomplished a major milestone for the global development of decentralized applications on Google Cloud Marketplace. Novel Blockchain Machine for GCM is set to streamline dApp development on private nodes and cut costs for dApps teams. Flare (FLR) inyroduces Blockchain Machine on GCM, streamlines node management According to the official statement shared by its team, Flare (FLR), a blockchain for data, unveiled its newest development, Blockchain Machine. Based on Google Cloud Marketplace, this instrument is designed to accelerate the process of full node deployment. The @encodeclub London is happening tomorrow and here’s what we’ve got…

European Union banking regulations have provided a significant competitive advantage for crypto firms compared to the challenges faced by their U.S. counterparts, according to an analysis by Patrick Hansen, senior director of EU strategy and policy at Circle. Circle Exec: Regulatory Clarity Helps Europe Surpass U.S. in Crypto-Friendly Banks According to Hansen’s report, he highlights the EU’s 20-year effort to foster innovation and competition through clear legal frameworks, benefiting fintech and cryptocurrency sectors. Hansen attributes Europe’s crypto-friendly banking environment to the EU’s long-standing regulatory initiatives. These include the E-Money Directive (EMD), introduced in 2000, and the Payment Services Directive (PSD)…

Bitcoin is trading at a discount on South Korean exchanges, reversing the traditional “kimchi premium” that has historically signaled bullish market sentiment. Per The Korea Times, the cryptocurrency is priced approximately 700,000 won ($511.73) lower domestically compared to global exchanges, resulting in a negative premium (discount) of -0.74% as of Thursday afternoon. This shift appears to suggest a bearish outlook among South Korean investors. Typically, a higher kimchi premium indicates strong local demand and positive sentiment, often leading to Bitcoin prices exceeding global rates. In contrast, a lower or negative premium reflects weakened enthusiasm and decreased buying pressure, potentially signaling…

X Empire, a popular Telegram game with over 50 million users, dropped sharply after its token generation event this week. X Empire (X) token crashed by 25% on Oct. 24, reaching a low of $0.00005925, bringing its market cap down to $42 million. This decline mirrors the performance of other Telegram tokens that have launched their token generation events this year. Notcoin (NOT), which was the first tap-to-earn token to go public, has dropped by 78% from its highest level on record. Similarly, Catizen (CATI) has dropped from $1.1990 in September to $0.3760. Hamster Kombat (HMSTR), which gained over 300…

Craig Wright’s appeal application in his case against the Crypto Open Patent Alliance (COPA) was rejected by a UK court today, described as a baseless argument with “no prospect of success.” Court of Appeal judge Lord Justice Arnold wrote that the motion was refused “as being totally without merit.” Wright filed multiple appeals after he was found to undoubtedly not be Bitcoin’s creator, Satoshi Nakamoto, during legal proceedings against COPA earlier this year. As reported by BitMex Research, Craig Wright’s appeal attempted to paint the judge as biased. However, today the court ruled “no credible allegation of either actual basis…

On Wednesday, as bitcoin soared to an intraday peak of $68,388 per coin, a wallet from 2011 suddenly sprang to life after lying dormant for over 13 years, spending 150 BTC, valued at $10.17 million. This latest awakening follows the movement of 100 BTC from a similar 2011 address just two days earlier. Bitcoin Wallet From 2011 Sends $10M in BTC After 13-Year Slumber Seeing wallets from 2011 reawaken is a rare spectacle, but October has already brought two such events. While old bitcoin rarely moves, rising prices seem to coax these long-hidden coins back into circulation. On Oct. 16,…

Dog-themed cryptocurrency Dogecoin (DOGE) has seen $1.17 billion in large transaction volume over the past 24 hours, according to IntoTheBlock data. This represents 8.33 billion DOGE in crypto terms. This figure, though significant, represents a 7.54% decline from the previous day, highlighting a concerning trend for the cryptocurrency. In the last seven days, Dogecoin’s large transaction volume has been on a downward trajectory. On Oct. 21, Dogecoin saw a high of 12.87 billion DOGE in large transactions. This spike was short-lived, as the volume began to decline shortly after. Looking at the broader picture, the decline started on Oct. 16,…

The Central Bank of Brazil (BCB) has unveiled a regulatory proposal prohibiting centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. According to the public consultation notice, the transfer of stablecoins — called “tokens denominated in foreign currencies” — between residents would be restricted in cases where Brazilian law already allows payments in foreign currencies. The BCB shared in a statement: “The initiative reflects our commitment to adapting the financial system to the realities of digital assets while safeguarding the integrity of international capital flows.” The move is part of the crypto regulation bill approved in Brazil in…