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.

Grayscale reopens private placements for accredited investors at NAV

RegulationDec 1

Grayscale Investments LLC, a U.S. digital asset management firm, announced that it had re-opened private subscriptions at NAV for accredited investors only. The digital asset manager confirmed that accredited investors will be required to have an annual income above $200K. The asset management firm defined qualified investors in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. The firm’s periodic reopening of private subscriptions is part of its ongoing strategy to cater to the varying interests and investment strategies of its ‘elite’ clients. Grayscale offers more tokens for qualified investors to capitalize on market trends Our…

Helium Mobile’s parent company cut nearly 40% of staff in August

AltcoinsDec 1

Nova Labs, the company behind the Helium Mobile cell network, undertook a significant round of layoffs at the end of August, three people with knowledge of the matter told Blockworks. Nova Labs Chief Operating Officer Frank Mong confirmed to Blockworks that 36% of the company was let go. One person familiar with the situation cast the layoffs as right-sizing the company to focus on Nova Labs’ core cellular business. A former employee estimated Nova Labs had around 105 employees at the time of the layoffs. Read more: Inside Helium’s vision for the future “We experienced tremendous growth in our mobile…

Robinhood Expands Crypto Listings with RENDER and Euro Trading Support

ExchangesDec 1

Robinhood now supports RENDER, enabling Euro trading for the Render Network’s GPU-sharing ecosystem. RENDER, a key player in decentralized GPU networks, gains exposure with Robinhood’s latest crypto additions. Robinhood’s expanded portfolio, including RENDER, highlights its push to attract crypto and creative tech enthusiasts. Robinhood Crypto has introduced RENDER trading to the European market. Traders can trade RENDER against Euros, enabling them to invest in Render Token directly. This announcement marks a step forward for the platform in serving a wider audience by supporting more currencies. You can trade $RENDER with Euros on Robinhood Crypto! Find our full list of supported…

Analyst Awaits Bitcoin Monthly Breakout Candle for Potential Multi-Month Rally

BitcoinDec 1

Analyst Aksel Kibar predicts a potential multi-month Bitcoin uptrend if key resistance levels break, citing historical breakout patterns. Bitcoin has experienced a volatile week, moving from a sharp decline to a significant recovery. After dipping below $59,000 last Thursday, the crypto rebounded to reach a multi-month high of $68,000. This surge was followed by a brief drop, stabilizing around $67,000. Amid the ongoing movements, some analysts now anticipate further gains while others warn of possible downturns. Key Price Movements and Historical Patterns Chartered Market Technician Aksel Kibar highlighted key moments in Bitcoin’s price history, identifying critical levels that could influence…

Top analyst explains why Ethereum price could hit $10,000

EthereumDec 1

Ethereum price staged a strong breakout on Nov. 27 as Bitcoin and most altcoins bounced back after days in the red. Ethereum (ETH), the second-biggest cryptocurrency, jumped to $3,690, its highest level since June 10. It has soared by 70% from its lowest level this month, and one popular analyst expects its to get to $10,000 in this bull run. In an X post, Ali Martinex, a popular crypto analyst with almost 100,000 X followers, estimated that the coin will get to $6,000 in this cycle. His long-term view is that ETH price will ultimately jump to $10,000. If his…

$100M Market Cap & Rising

AltcoinsDec 1

The highly anticipated listing of X Empire (X) has officially launched, marking a significant milestone for cryptocurrency community. With a market cap nearing $100 million, X Empire’s X token has quickly become a favorite among traders, evidence by its position as the hottest trading pair against USDT. The listing has happened! Thank you to everyone who took part in this massive movement. We’re truly happy that millions of people were able to join in the airdrop. We got what we got. Nearly $100M market cap X/USDT – the hottest trading pair $350M trading volume$X – the… — X Empire (@xempiregame)…

Citizens still hold $6.8b in crypto on exchanges

ExchangesDec 1

Russian crypto holdings on centralized exchanges still worth billions despite volatility, Bank of Russia reveals. Russian crypto holdings on centralized exchanges still amount billions despite nearly a 16% decline comparing to March’s figures, per the Bank of Russia’s latest report. According to the central bank’s data, Russians held $6.8 billion in crypto on centralized exchanges, marking a 15.8% decline from March. Despite this drop, Bitcoin (BTC) remains the dominant asset, making up 69% of total holdings, followed by Ethereum (ETH) at 21% and stablecoins at 10%. The decline in exchange balances coincides with lower market activity, the central bank says,…

Bitcoin Market Dominance Reaches 3-Year High—What's That Mean?

BitcoinDec 1

With inflows into Bitcoin spot exchange-traded funds having continued for the fourth consecutive day, experts say that the rising Bitcoin dominance—along with record-high open interest and shrinking exchange reserves as indicators—could signal a potential bull run. Speaking to Decrypt, experts have highlighted that Bitcoin’s market dominance has surged to 58%, its highest level since April 2021, and underscores its growing strength. One big factor in the surge has been growing institutional interest. Bitcoin spot ETFs saw $458.5 million in net inflows on October 16, marking four consecutive days of positive flows. BlackRock’s (IBIT) ETF accounted for $393 million of the…

Why Is Ethereum Going Up? Technical and Fundamental Price Analysis

EthereumDec 1

Ethereum, the second-largest cryptocurrency after Bitcoin, has experienced significant gains lately even as other digital assets retreat from the recent market rally. CoinaMarketCap's data shows that the token is trading at $3,635, up 5% and 10% in the past day and week, respectively. This trend, coinciding with Donald Trump's victory in the U.S. presidential election, has highlighted a growing appetite for risk assets and Ethereum's potential to break key resistance levels. Amid the rise, the market is watching the next ETH price level of $4,000 with the current bullish technical indicators and strong fundamentals. Among the factors boosting ETH is…

Crypto ETF issuer Bitwise rebrands XRP ETP with Ripple’s backing

RegulationDec 1

Bitwise Asset Management unveiled a rebranding of its European XRP ETP, with blockchain firm Ripple backing the newly renamed product. Bitwise announced Wednesday that it’s rebranding its European XRP exchange-traded product as part of a broader update to its European product suite. In a press release on Nov. 27, the firm said the ETP is now called the Bitwise Physical XRP ETP (GXRP). At the same time, blockchain firm Ripple revealed it would be investing in the rebranded product, though the size of the deal remains undisclosed. Launched in 2022, the Bitwise Physical XRP ETP is a fully-backed, institutional-grade vehicle…