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.

Justin Trudeau meets Donald Trump, unsure if Tariffs are off

RegulationDec 4

Canadian Prime Minister Justin Trudeau is still unsure if tariffs are off after a lengthy meeting with United States President-elect Donald Trump. According to reports, the meeting finished without Trump specifically saying he would hand off every tariff move he intended to make after being sworn in as president next year. Donald Trump has been vocal about his intentions to levy tariffs on specific countries, especially those with trading agreements with the country. Although Trump views the meeting as ‘productive’, he remains unsold on the idea of abandoning his tariff plans. Canada, on the other hand, has been lumped into…

Bitcoin open interest hits record $19.8B, signaling bullish sentiment among investors

BitcoinDec 4

Open interest in Bitcoin reached a new all-time high of $19.8 billion on October 15, according to data from CryptoQuant shared by certified analyst EgyhashX. The milestone highlights the increasing demand for the flagship asset and the flow of funds into the crypto markets over the past few months. According to EgyhashX, this is a sign of bullish sentiment among investors. Funding rates also reached their highest positive level since August, an indication that most of the open interest was in long positions. He said: “This upward trend in the derivatives market indicates a growing influx of liquidity and increased…

Trump's BRICS Tariff Threat Could Propel Bitcoin's Growth Alongside US Dollar

RegulationDec 4

U.S. President-elect Donald Trump’s 100% tariff threat against BRICS nations over a shared currency highlights rising tensions, potentially elevating bitcoin’s role as a global financial hedge. Trump’s BRICS Tariff Threat Could Strengthen Bitcoin’s Savings Role Alongside US Dollar’s Trade Utility U.S. President-elect Donald Trump has escalated his criticism of the BRICS nations, warning of significant economic consequences if they move forward with plans for a single currency. On Saturday, Trump posted on his social media platform, Truth Social, outlining plans for a 100% tariff on BRICS countries if they attempt to undermine the U.S. dollar in international trade. His remarks…

MARA acquiring Texas wind farm for better Bitcoin mining operations

MiningDec 4

MARA Holdings, formerly Marathon Digital, has announced plans to acquire a wind farm in Hansford County, Texas, to power its sustainable Bitcoin mining data center. The wind farm, with 240 megawatts of interconnection capacity and 114 MW of operational wind generation, will allow MARA to create a vertically integrated operation with zero-marginal energy costs, according to a company press release. The deal represents a strategic shift for MARA as it aims to integrate renewable energy into its mining operations, which require substantial computational power. Mining involves solving complex mathematical problems to validate transactions on the Bitcoin (BTC) network, consuming significant…

On-Chain Metrics Reveal Bitcoin Demand Is Growing – Can BTC Break ATHs In Q4?

BitcoinDec 4

Bitcoin surged over 5% yesterday, following a positive day across the crypto market. This sudden price boost has sparked optimism among investors and analysts, anticipating even bigger gains in the coming months. Market sentiment is improving alongside price action, fueling hopes for a sustained rally. Key data from CryptoQuant suggests that Bitcoin demand is rising, supporting the idea that Bitcoin could continue to climb. This growing demand and the improving market sentiment create a favorable environment for bullish momentum. Continuing the recent price surge could set the stage for Bitcoin to reach new highs, while any hesitation might lead to…

The Gen Z is the most likely to use crypto instead of cash: survey

RegulationDec 4

Gen Z remains the most likely to use crypto instead of cash, with 34% (the highest figure among all age groups). This is according to the survey by Empower, conducted in July 2024 on 1,009 American adults. Gen Z stands out for crypto adoption compared even to the “cash king” 55% of Gen Z in the USA already invest in crypto The richest generation Gen Z stands out for crypto adoption compared even to the “cash king” Gen Z stands out as the age group that most prefers to use crypto. This is stated in the report by Empower, which…

Community-Driven Meme Coin That Defied Expectations

AltcoinsDec 4

A new analysis from LunarCrush Social Intelligence reveals the notable journey of BRETT. BRETT is a meme coin that transformed from an obscure launch in early 2023 to achieving $100 million market capitalization by year’s end. Unlike many cryptocurrency projects backed by major investors or extensive marketing campaigns, BRETT’s success stems primarily from grassroots community engagement. By mid-2023, BRETT’s community had exploded. It quickly became one of the most talked-about tokens in the meme coin space. More and more users were getting involved, sharing content, and hyping the project. BRETT was finally gaining momentum. pic.twitter.com/VNOfGL3Joz — LunarCrush Social Intelligence (@LunarCrush)…

Bitcoin Miner Hive Digital Reveals $60 Million Paraguay Expansion Push

MiningDec 4

Canadian Bitcoin mining giant Hive Digital is betting big on Paraguay. The public firm—which trades on both the Toronto stock exchange and Nasdaq—announced Tuesday it bought 13,480 units of new mining machines to expand its operations in the South American country. Priced at over $60 million, the deal will help it secure 2% of the global Bitcoin network. The machines—Bitmain Antminer S21+ Hydros—deliver a hashrate capacity of 4.3 exahashes per second (EH/s). An exahash is a measure of a Bitcoin mining machine’s processing power. The firm also secured an option to purchase an additional 4.3 EH/s worth of the same…

Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton

BitcoinDec 4

Key Takeaways John Deaton sees Bitcoin as a revolutionary tool that can help people avoid predatory fees associated with traditional banking systems. He believes that Warren's policies do not align with the needs of the working class and instead favor established financial institutions. Bitcoin could help eliminate the need for predatory banks and middlemen, allowing people without access to traditional banking services to participate in the financial system, said pro-crypto attorney John Deaton in his first Massachusetts Senate debate against Democratic Sen. Elizabeth Warren on Tuesday. Deaton referred to his personal experience with his mother’s struggles with traditional banks, specifically…

FED Chairman Jerome Powell to Speak This Week – Here are the Date, Time and Details

RegulationDec 4

Fed Chair Jerome Powell will speak at the New York Times DealBook Summit on December 4, and markets will be closely following Powell's comments on the pace of rate cuts. Powell's speech will take place at 21:45 Turkish time (UTC+3). The speech comes amid rising expectations following the release of the minutes of the Federal Reserve's November monetary policy meeting, which revealed policymakers are taking a cautious stance on future rate cuts. Federal funds futures suggest markets are pricing in interest rates to fall from the current 4.5%-4.75% range to around 3.8% by the end of 2024. That’s a significant…