Author: NBTC

Julian Assange, the founder of WikiLeaks, has received significant financial support from donors to cover the costs of his journey to freedom, as discovered by Alistair Milne, CIO of Altana Digital Currency Fund. As Assange prepares to return to Australia following his plea deal with US authorities, his wife Stella launched an urgent appeal for donations to cover a “massive USD 520,000 debt” owed to the Australian government for charter flights. In a remarkable display of support, an anonymous donor contributed just over 8 BTC (approximately $500,000) to Assange’s cause within the past day. This single “Bitcoin whale” donation accounts…

Ahead of the opening bell for in the U.S., cryptocurrency-related stocks have experienced a sharp decline in pre-market trading, mirroring the severe downturn in the broader crypto market. The sell-off, triggered by a confluence of factors including regulatory concerns, macroeconomic uncertainties, and geopolitical tensions, has sent shockwaves through the digital asset ecosystem. Leading the pack in pre-market losses, MicroStrategy (MSTR) saw its stock price plummet by 29%, while Coinbase Global Inc. (COIN), one of the largest cryptocurrency exchanges, suffered a 19% drop, according to data from MarketWatch. Things weren’t much better for publicly traded Bitcoin miners. Marathon Digital (MARA) and…

ApeCoin’s own network, ApeChain, has launched its testnet, although Yuga Labs co-founder Greg Solano admits there “won’t be much to do” on it initially. ApeChain, a layer-2 solution incubated by the ApeCoin DAO community, has got its first testnet dubbed Curtis as fans of the Bored Ape Yacht Club (BAYC) collection seek new ways to bring more utility for ApeCoin (APE). Though no other details were revealed, Greg Solano, the co-founder of Yuga Labs, a firm behind BAYC, said in a follow-up post there “won’t be much to do on testnet yet,” reassuring APE holders though that various decentralized applications…

Core Scientific, having sidestepped bankruptcy, remains optimistic about its business future despite a 4.4% decline in production in July. Crypto mining company Core Scientific says the future of its Bitcoin (BTC) mining business is “bright” as it migrates miners to dedicated sites and prepares to modify a “significant portion” of its infrastructure for high hosting performance computing services. The company is also gearing up for the integration of Block’s new 3-nanometer ASIC chip, slated for next year, per an. Aug. 5 press release. Core Scientific CEO Adam Sullivan highlighted the expansion would act as a “driver of significant miner refresh…

Although the price of Bitcoin has managed to climb back above the $60,000 mark, it continues to hover near a key support level, testing the nerves of crypto enthusiasts and traders alike. After several days of massive price action, culminating in yesterday’s rebound and the long-awaited greening of quotes, the crypto market has gone into its quieter trading mode, which means that its participants on both the bullish and bearish sides have taken a break to think about what’s next. Against this backdrop, new opinions and discussions began to emerge. John Bollinger, the legendary trader and creator of the popular…

While the risk of recession in the USA increases after the collapse in Bitcoin and global markets, investors expect the FED to hold an emergency meeting and cut interest rates before September. FED Interest Rate Cut Calls Are Increasing! At this point, as expectations increased, Wharton Professor Jeremy Siegel, who participated in the CNBC Squawk Box program, called for the FED to cut interest rates by 1.5%. According to Siegel, 0.75% cut in the FED emergency meeting; In September, another 0.75% cut should be made. Apart from Siegel, deVere Group CEO Nigel Green also stated in a note sent to…

Tether Treasury mints 1 billion USDT on Tron, adding to its 31 billion total this year, with historical trends suggesting potential short-term bullish signals for Bitcoin. Tether Treasury recently minted 1 billion USDT on the Tron Network, marking another event in its year-long pattern of large-scale stablecoin issuance. This latest minting occurred just about ten hours ago, following a similar event 30 days earlier. 7 hours ago, #TetherTreasury minted 1B $USDT on #TronNetwork again after a month.#TetherTreasury has minted a total of 31B $USDT in the past year!https://t.co/2wFo2DEvz3 pic.twitter.com/QP28G3GVqv — Lookonchain (@lookonchain) July 16, 2024 Over the past year, Tether…

An extraordinary reveal: Mining was never banned in China. Yes, you read that right. In fact, not only was it not banned, but Chinese miners are leading the world in innovative uses of Bitcoin mining. But what of this Reuters report and others that says it was banned? Let’s have a closer look. Yes, network hashrate dropped from 179.2 EH/s to 87.7 EH/s (a 51.1% drop) seemingly confirming that China banned mining. After all, China was according to Cambridge 46% of global hashrate the month prior to the “ban” (April 2021). So the figures roughly tally up with the thesis…

The German government continues Bitcoin (BTC) sales from where it left off. According to on-chain data and analysis platform Arkham Intelligence data, the address labeled as belonging to the German government made Bitcoin transfers again. Accordingly, the address belonging to the German government moved 750 BTC worth $46 million in about an hour. While BTC worth $30.85 million was transferred to another address, 250 BTC worth $15.4 million was transferred to Bitstamp and Kraken. The German Government currently holds 45,609 BTC worth $2.81 billion. The German Government also transferred 0.001 BTC to Flow Traders; this could be a test trade…

The global financial landscape is reeling from severe market turbulence, reminiscent of past crises like the COVID-19 pandemic. The market crash is largely fueled by growing concerns about a potential U.S. recession. These fears have not only rocked the U.S. banking sector but have also prompted swift action from South Korea in response to its own market plunge. U. S. bank stocks are down sharply in pre-market trading. JPMorgan Chase declined by 3.1% respectively, and other financial institutions including Citigroup and Morgan Stanley cut 1.6% each. Morgan Stanley dropped 3.7%, Citigroup fell 4.5% while Citigroup decreased by 4.4%. These declines…