Author: NBTC

Before creating a Bitcoin reserve, the US government will have its crypto holdings audited to see how much it holds. This Thursday, President Trump directed for the establishment of a Bitcoin reserve and digital asset stockpile for the other currencies with crypto seized during legal proceedings. David Sacks believes the government has about 200000 BTC from its seizures White House Czar David Sacks insisted that a crypto audit is necessary given how they’ve never done one. According to Sacks, the government has captured over 400,000 Bitcoins in criminal and civil proceedings over the last ten years. He believes the government…

Kim Byung-hwan, Chairman of South Korea’s Financial Services Commission (FSC), announced that the government would accelerate the drafting of the second phase of the Cryptocurrency Act. This phase will include regulations on business entry and operation, as well as rules for virtual asset distribution and disclosure. South Korea’s Cryptocurrency Bill Chairman Kim made the announcement at a Democratic Party-Government meeting on ‘Virtual Asset Market Development Policy Tasks’ held at the National Assembly. He noted that global changes in the virtual asset landscape are expected to accelerate following the recent inauguration of the Trump administration in the US. “The government will…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -3.05% today against the US Dollar Bitcoin is currently trading 11.96% below our prediction on Feb 26, 2025 Bitcoin dropped -8.60% in the last month and is up 85.10% since 1 year ago BTC price is expected to rise by 10.12% in…

Ethereum sits at a crucial support level as demand for spot exchange-traded funds wanes on Wall Street. Ethereum (ETH), the second-biggest crypto, has stagnated at $2,100 in the past few days. This price is about 47% below the highest level in December and 45% lower than where it was in the same period last year. Data shows that Wall Street investors have continued to dump assets. According to SoSoValue, all Ethereum ETFs shed $120 million in assets last week after losing $335 million a week earlier — $455 million in total. The net inflow in these Ethereum ETFs is $2.7…

China has announced additional tariffs on Canadian imports, escalating a trade dispute. This move comes as a response to earlier Canadian tariffs on Chinese goods. The tariffs, set to take effect on March 20, 2025, will target Canadian products, including a 100% tariff on rapeseed oil, oil cakes, and peas, and a 25% tariff on aquatic products and pork. 🚨 TARIFF UPDATE 🚨China-Canada Trade Tensions Escalate, With China imposing steep tariffs on Canadian goods starting March 20, how will this affect global trade flows, inflation, and investment trends? Could this signal broader economic realignments?Comment your thoughts 👇 pic.twitter.com/QkcvyT9LxT — Coin…

Litecoin ETF’s growing market potential excites investors as SEC awaits key approval decision. Key Takeaways Canary Capital’s Litecoin spot ETF is listed on the DTCC under ticker LTCC. The ETF is anticipated to be the first to receive SEC’s decision among similar applications. Canary Capital’s spot Litecoin ETF has appeared on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC, marking a key preparatory step for the fund’s potential launch. The DTCC listing establishes the necessary trading infrastructure for the ETF, though SEC approval remains pending. DTCC serves as the primary clearing and custody service provider for…

In recent weeks, the U.S. Securities and Exchange Commission (SEC) has paused or dismissed multiple lawsuits and investigations involving major cryptocurrency firms. This has marked a big change in regulatory enforcement. The move comes after leadership changes inside the agency and the creation of a Crypto Task Force to rethink enforcement priorities. Companies such as Binance, Coinbase, Kraken, and Uniswap are among those affected. The decisions, announced between February and early March, suggest a coordinated change in approach. SEC Lawsuit Wave: Suddenly Halted The SEC had previously filed lawsuits and launched investigations against various crypto companies over alleged securities violations.…

Shares of HIVE Digital jumped following the company’s announcement of a 23% year-over-year rise in Bitcoin reserves. Canadian crypto mining company HIVE Digital has released its February production results, revealing that its Bitcoin (BTC) holdings increased by more than 20% year-over-year. In a March 9 press release, the Vancouver-headquartered company said it had mined 89 BTC, increasing its HODL portfolio to 2,620 BTC, valued at around $220 million. While the company’s Bitcoin holdings increased by 23% YoY, its month-over-month crypto holdings saw a decline, though HIVE Digital didn’t disclose the amount of Bitcoin sold during the month. “[…] on a…

In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more Lightning nodes are coming online. Source: The Lightning Network: Expanding Bitcoin Use Cases Some key stats from the piece include the following: Total Lightning capacity denominated in U.S. dollars…

Prices of ether (ETH), the native token of Ethereum’s blockchain, fell almost 20% in the seven days to March 9, registering their biggest weekly percentage slide since November 2022, according to data source TradingView. The sell-off has penetrated a bullish trendline that starts with the low registered after the June 2022 crash of Terra’s algorithmic stablecoin, UST, which destroyed billions in investor wealth. The decisive breakdown means ether’s near three-year-long bullish trend has likely ended, shifting focus to more profound losses, potentially to support identified by September-October 2023 lows near $1,500. Ether’s weekly chart. (TradingView/CoinDesk) Trendlines help visualize the direction…