Author: NBTC

Electric vehicle company Tesla’s strategic bet on Bitcoin is proving lucrative, with the company now holding over $1 billion worth of the world’s largest crypto. The automaker currently holds 11,509 BTC, which has appreciated significantly in value as Bitcoin hit an all-time high of $89,560, as per data from blockchain analytics firm Arkham Intelligence. In February 2021, Tesla announced it bought $1.5 billion worth of Bitcoin for “more flexibility to further diversify and maximize returns on our cash” in a filing with the U.S. Securities and Exchange Commission. The value of Telsa’s Bitcoin holdings has more than doubled since the…

The recent Binance listing has positioned $BB among the latest tokens gaining attention in the cryptocurrency market. As the coin began trading, $BB experienced a robust inflow of over $10 million within the first hour, a promising start for a new token amid an increasingly competitive landscape. This immediate influx of funds reflects a solid initial interest from investors, likely fueled by Binance’s vast user base and the platform’s reputation for successfully launching new projects. The recent Binance listings are starting to do well, and so is $BB.They announced their CeDeFi V2 and have seen an inflow of more than…

Thailand charges two for stealing over $280,000 in electricity for illegal Bitcoin mining. Thai authorities have cracked down on illegal Bitcoin (BTC) mining operations, shutting down nine illicit sites and arresting two suspects on charges of electricity theft, valued at over $280,000, The Straits Times has learned. The operation, which took place in Surat Thani province, follows a growing trend of illegal crypto mining activities that have surged in the country in recent years. The investigation was triggered when a local resident reported suspicious CCTV cameras installed at a seemingly vacant house, the report reads. Upon inspection, authorities discovered that…

Samson Mow, JAN3 chief executive officer and a vocal Bitcoin supporter, has addressed his followers on the X social media platform about the current BTC price action. The JAN3 boss clearly expects that the leading cryptocurrency is likely to continue rising. Samson Mow’s ultra-bullish take Samson Mow commented on the recent Bitcoin price surge as BTC gained 4% over the past day, spiking from $68,430 to the $71,200 level. That was the first time Bitcoin managed to regain $70,000 in the past four months. The last time BTC was observed at that price level was in June. In a tweet,…

Central banks worldwide have been experimenting with blockchain, digital currencies, and tokenization for several years, but the European Central Bank (ECB) has been ahead of the curve since the beginning. In the latest development regarding the digital euro, the ECB called for partners to test conditional payments in a central bank digital currency (CBDC) simulation starting in February 2025. It has also opened applications for partners willing to explore tokenization and other innovative use cases. It’s one of a steady stream of stories showing how central banks are taking blockchain technology, digital currencies, and tokenization seriously. This week, the U.S.…

Bitso, a leading crypto exchange in Latin America, has rolled out Lightning Network support for 100% of its users. On Nov. 12, the Lightspark team posted on X that the South American crypto exchange Bitso has now added support for Bitcoin (BTC) Lightning Network support for all its users. This milestone for the South American crypto exchange comes as BTC’s price surges amid increased adoption. BTC was trading near $89,894 at the time of writing, up 28% over the past week. BTC traded near $89,894 at the time of writing, up 28% in the past week. You might also like:…

Bitcoin mining firm Hut 8 reported third-quarter earnings that surpassed expectations, with revenue exceeding $43.7 million. Miami-headquartered crypto mining firm Hut 8 reported third-quarter earnings results Wednesday morning. The publicly traded miner with $2.2 billion in market cap reported quarterly revenue of $43.7 million, significantly better than $35.1 million expected by analysts polled by FactSet. he revenue boost was primarily driven by strong results in its crypto mining and managed services segments. Crypto mining contributed $11.6 million, while managed services brought in $20.8 million. The growth highlights Hut 8’s diversification into high-performance computing and artificial intelligence infrastructure. The firm also…

Despite Bitcoin’s surge past $70,000, interest among South Korean retail investors remained tepid. The kimchi premium, which measures the difference between Bitcoin’s price in South Korea and global exchanges, is low. While Bitcoin rallies globally, the Korea Premium Index has turned negative. The kimchi premium has changed in recent months, reaching a high of around 10% in March due to strong demand from Korean investors. Now, it is below 2%, showing a drop in retail interest. Korea Premium Index Signals Market Shift The Korea Premium Index, which can be positive or negative, indicates a shift in the South Korean market.…

Japanese crypto exchange Bitbank has formed its own global investment subsidiary, Bitbank Ventures. The firm will take on projects related to crypto and blockchain technology. According to Bitbank’s press release, Bitbank Ventures will focus on new and rising blockchain projects, both in Japan and overseas. Bitbank hopes that the investment subsidiary will serve as the bridge to develop and drive the Japanese crypto industry forward. Bitbank Ventures was formed on the basis of managing projects related to new technologies such as digital assets, blockchain, and artificial intelligence. Looking at the current market conditions, Bitbank views projects that blend cryptocurrency and…

Cardano (ADA) 25% Jump Sparks Excitement Among ADA Community as Retail FOMO Looms. Cardano (ADA) has emerged as one of the standout altcoins in the recent crypto market rally, surging over 25% in the past three days, according to data from Santiment. 🚀 Cardano has been one of the notable surprise altcoins taking flight during this crypto-wide pump. Now up over +25% in the past 3 days, we may be seeing some retail FOMO coming soon. This has been a long time coming for the patient ADA community. pic.twitter.com/Ph2ZFFKnIU — Santiment (@santimentfeed) November 8, 2024 This upward momentum saw Cardano…