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.

Spot Bitcoin ETFs see four straight days of inflows, surpassing $1.6b, Ether ETFs rebound

BitcoinDec 1

Spot Bitcoin ETFs in the U.S. marked their fourth straight day of net inflows, while spot Ether ETFs reversed course, moving back into net positive flows. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $458.54 million on Oct. 16, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $1.63 billion. BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, continues to dominate, posting the highest net inflow for the second straight day. On Oct. 16, IBIT recorded an impressive $393.4 million inflows, its largest single-day…

When your name becomes music and NFT

NFTDec 1

Kreypt Music, an innovative project born from the imagination of the conductor and composer Samuel Sené, represents a unique meeting point between music, digital art, and Web3. Officially launched in Paris on November 19, 2024, Kreypt Music offers anyone the opportunity to own a personalized melody, transforming a simple name into an authentic and certified musical work of art thanks to the blockchain. In reality, we at The Cryptonomist met them much earlier, in Montpellier, in May 2024 during the event called Rubichain and it was right there that Kreypt gave us the opportunity to test the functionality of the…

Ethereum (ETH) Holders Have Rarely Been This Profitable: All-Time High Next?

EthereumDec 1

The profitability of Ethereum (ETH) has surged to levels not seen since June, with 90.8% of ETH holders now in profit, according to data from IntoTheBlock. This milestone highlights a favorable position for the majority of investors, leaving only 9.2% of holders at a loss. Importantly, this group controls just 2.8% of the total supply, suggesting that any sell pressure from them is likely to have minimal impact on Ethereum’s price trajectory. As can be seen on the on-chain platform's charts, all of the unprofitable Ethereum tokens were bought in the range between $3,624 and $4,169 with 3.95 million ETH,…

BIS highlights DeFi’s role in liquidity; Malaysia eyes CBDC

RegulationDec 1

The global finance landscape is gradually changing with the advent of a peer-to-peer financial system and the rise of central bank digital currencies (CBDCs), which will be pivotal in transforming the payments and investments sectors. As decentralized finance (DeFi) continues its ascent to the mainstream, a new report suggests that sophisticated players are receiving a larger share of profits than the majority of retail investors. The Bank for International Settlements (BIS) undertook the study to examine the state of liquidity providers in decentralized exchanges. According to its 52-page report, the biggest liquidity providers are a small group of market participants…

Shiba Inu (SHIB) Network in Question as Massive Shibarium Activity Raises Doubts

AltcoinsDec 1

The Shibarium blockchain, from the team behind the popular meme-inspired cryptocurrency Shiba Inu (SHIB), is seeing unprecedented levels of activity over the past nine months, with all metrics spiking by literally hundreds and thousands of percent over the past few days. Thus, according to Shibariumscan, the volume of daily transactions on the Shiba Inu network in the last 24 hours totaled nearly 3.24 million. At the same time, a metric that shows the amount of BONE tokens paid as gas for transactions showed a colossal increase - from just over 327 to nearly 2,400 BONE. It may come as a…

Self-regulation or overregulation – OpenAI’s cross-continental dilemma

LegalDec 1

Since OpenAI’s ChatGPT was released in November 2022, tech experts, media, and governments have expressed worry over what it could become in the hands of bad actors. As a result, some countries have leaned towards over-regulation, stifling development (the EU), while others, like the US, have adopted a more hands-off approach to the industry. As of December 2024, various countries have legally besieged AI startups like OpenAI on claims of breaches in data privacy policies and regulations. Most recently, Canadian media houses, including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press, and CBC, joined a…

Deribit to Migrate All Activities to Its Dubai-Licensed Entity

ExchangesDec 1

Deribit, a platform known for offering cryptocurrency options trading, will launch spot and derivatives trading in the UAE on 1 January 2025, migrating all activities to the Dubai-based entity. It plans to transfer USD 50 billion in open interest to its Dubai entity. Moving to Dubai The announcement, made today (Friday), follows Deribit FZE receiving a licence from Dubai’s Virtual Assets Regulatory Authority (VARA) and relocating its headquarters to the city. The exchange further clarified it will consolidate all flows and activities into its Dubai entity. This means the VARA-licensed entity will offer all its products, including spot, perpetuals, futures,…

A Deep Dive into Bitcoin Mining Veteran Hut 8

MiningDec 1

A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. The YTD performance of Hut 8 Mining Corp. (NASDAQ: HUT) has made it a standout. Other metrics like Satoshi per share are also eye-catching, where Hut 8 outperforms MARA and where the latter is the largest Bitcoin holder among all public Bitcoin mining companies. As one…

Ethereum Slumps from $3,600 as Co-Founder Moves 20,000 ETH to Kraken

EthereumDec 1

Ethereum’s bullish push stalls at $3,600 after co-founder Jeffrey Wilcke transferred 20,000 ETH ($72.5 million) to crypto exchange Kraken. Data from Spotonchain confirmed the transaction, which happened by 12:59 (UTC) today. Notably, “0xa7ef,” the wallet address belonging to the co-founder, moved 20,000 ETH to a deposit wallet tied to Kraken. At the time of the transfer, the Ethereum tokens were worth $72.5 million, moved at an average price of around $3,627. Meanwhile, the Wilcke-tied account still holds 105,738 ETH, valued at $382 million. It bears mentioning that this was Wilcke’s fourth Ethereum sale of the year. The Spotonchain data reveals…

Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk

RegulationDec 1

Crypto investing may have allowed lower-income Americans to buy their own homes at a higher rate than the rest of the population, according to a paper released Tuesday by the U.S. Treasury's Office of Financial Research. The rise in cryptocurrency investment in recent years came with a pronounced uptick in debt — most notably mortgages — sought in the areas where digital assets activity was highest, according to the research conducted by the Treasury's independent arm that sniffs out U.S. economic hazards. It was looking for evidence that such financial stretching may be a danger to U.S. stability, but so…