Author: NBTC

Daily mining revenue and gross profit fell in October for the fourth month in a row, the report said. The bank noted that daily block reward gross profit fell to the lowest point on recent record. Mining difficulty hit an all-time high in October, the bank said. Daily bitcoin (BTC) mining revenue and gross profit dropped in October for a fourth straight month, JPMorgan (JPM) said in a research report Friday. The bank estimated that bitcoin miners earned an average of $41,800 per exahash per second (EH/s) of hashrate in daily block reward revenue, 1% less than in September. Hashrate…

Metakraft AI has launched an integration with IQ GPT, significantly enhancing its platform. This innovative platform simplifies the creation of immersive 3D content through AI-powered tools. Now, users can generate, customize, and publish 3D experiences with ease. Metakraft AI integrates IQ GPT 🔥🔥@TheMetakraft platform simplifies the creation of immersive 3D content through AI-powered tools and a user-friendly interface. 🔳It enables users to generate, customize, and publish 3D experiences, integrating blockchain technology for asset… pic.twitter.com/ja0brmhVf0 — IQ (@IQWIKI) October 31, 2024 Metakraft AI Integrates IQ GPT for Instant Community Support In the Metakraft AI community, with IQ GPT, the community gets…

Bitcoin (BTC) short-term holders are bearing the brunt of market pressure as prices stay underwater, as reported by Glassnode. The Short-Term Holder cohort, representing new demand in the market, is experiencing significant unrealized losses. The magnitude of these losses has consistently increased over the last few months, though it has not yet reached full-scale bear market territory. The Short-Term Holder MVRV Ratio has fallen below the breakeven value of 1.0, trading at levels similar to August 2023 during the recovery rally after the FTX failure. “This tells us that the average new investor is holding an unrealized loss. Generally speaking,…

Hong Kong Monetary Authority has partnered with the Bank of Thailand and Banco Central do Brasil to advance cross-border tokenization projects under collaborative initiatives. Hong Kong‘s financial watchdog, the Hong Kong Monetary Authority, has partnered with the central banks of Thailand and Brazil to explore cross-border tokenization projects in an effort to develop use cases in areas such as trade finance and carbon credits. In Monday two separate press releases on Oct. 28, the HKMA said the collaborations will focus on developing use cases for tokenized assets under ongoing projects aimed at enhancing financial technology integration across borders. You might…

Co-founder of Satoshi Action Fund, Dennis Porter, claims a Democratic lawmaker is planning to introduce a legislation that would protect the rights of Bitcoin holders in a Democratic trifecta state, known as the Bitcoin Rights Bill. According to a post on X, the CEO of Satoshi Action Fund claims that he can confirm a Democrat lawmaker from a Democrat trifecta state is set to unveil a Bitcoin Rights Bill. If this news is proven true, then it would be the first time in history that a Democratic trifecta state will release a law that allows self-custody for Bitcoin (BTC) holders.…

The Central Bank of Argentina (BCRA) has opened a groundbreaking exhibition, marking the first time an international central bank has hosted live crypto-mining equipment as part of an art display. Titled Art, Artificial Intelligence, and the Future of the Economy, the exhibition showcases Bitcoin mining rigs alongside the iconic “Moneyballs”—spheres crafted from shredded currency—by artist and financier Alberto Echegaray. The exhibition, which officially opened on October 31 at the BCRA’s Historical Museum, reflects the bank’s evolving stance on digital assets. Echegaray, a pioneer in digital and crypto art, highlights the importance of exhibiting at a central bank, stating, “No Central…

Aptos Foundation has teamed up with SK Telecom to bring Tether’s USDT stablecoin to T wallet. Aptos Foundation is set to integrate Tether’s (USDT) stablecoin into SK Telecom’s web3 product called “T wallet” in a bid to expand access to stablecoins through a familiar platform used by millions of SK Telecom’s customers. In a Friday press release shared with crypto.news, the foundation said the integration, supported by SK Telecom’s PASS app, will enable users to access USDT on the Aptos blockchain with minimal friction, bridging traditional finance with decentralized systems. SK Telecom, the nation’s largest telecom operator, sees the partnership…

Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders are watching closely to see if the bearish trend will continue or if a reversal is on the horizon as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory. As Bitcoin faces increasing selling pressure, this article explores the recent bearish signals affecting its price movement, analyzing key technical indicators that suggest a potential…

Crypto investment products experienced inflows of $901 million this month, marking the fourth-largest inflow on record, per data from CoinShares. Crypto investment products recorded inflows of $901 million in October, marking the fourth-largest inflow month on record and accounting for 12% of total assets under management. Data from CoinShares indicates that year-to-date inflows now total $27 billion, nearly tripling the previous record of $10.5 billion set in 2021. CoinShares head of research James Butterfill says current Bitcoin (BTC) prices and flows are “heavily influenced by U.S. politics, with the recent surge in inflows likely linked to the Republicans poll gains.”…

Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem. Bitcoin layer-2 solution Stacks (STX) is introducing its Bitcoin-backed asset, sBTC, to the Aptos network, enabling developers to incorporate sBTC into decentralized applications. According to a press release shared with crypto.news, this move will allow Bitcoin (BTC) to be used across decentralized applications built on Aptos (APT), which is powered by the Move programming language. At the core of this integration is sBTC, a Bitcoin-backed token that enables Bitcoin to be securely transferred to Layer 2 networks like Stacks. With sBTC, Bitcoin…