Author: NBTC

Bybit has launched a new update that waives foreign exchange fees for Mastercard holders in seven European countries. This service is available for users in Poland, Bulgaria, Croatia, the Czech Republic, Denmark, Sweden, and Hungary. According to an exchange statement, this offering aims to enhance user experience by offering seamless, cost-effective financial solutions. Effective immediately, Bybit Cardholders can make purchases in local currencies, PLN, BGN, HRK, CZK, DKK, SEK, and HUF, without incurring the standard 0.5% FX fee. This update is particularly advantageous for frequent travelers and those conducting business across these regions, as it eliminates the concern of hidden…

Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects of the Bitcoin halving are keeping miners on their toes, with hashprice staying low and onchain participants shelling out minimal fees. Data from theblock.co reveals that miners experienced their leanest month of earnings in 2024 so far. A total of $851.36 million was generated between…

Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), recently increased its indirect Bitcoin holdings by 938 BTC due to sector weighting and risk diversification rules—not a targeted move towards more cryptocurrency. This increase in holdings has been driven by greater stakes in companies like MicroStrategy, Marathon Digital, Coinbase, and Block Inc, reflecting Bitcoin’s growing significance in diversified investment portfolios. As Bitcoin continues to gain acceptance, it underscores the broader trend of integrating cryptocurrency into mainstream financial strategies. Norway’s sovereign wealth fund expands Bitcoin holdings, reflecting the growing importance of cryptocurrencies in diversified investment strategies. Discover the key factors driving…

Former Goldman Sachs analyst Murad Mahmudov has predicted that dogwifhat (WIF) is going to be a Solana-based meme coin that is set to outperform in 2025. The analyst pointed out to the fact that the WIF community has the most impactful and efficient holders with at least $1K. According to CoinGecko data, WIF is currently the fourth-biggest meme coin with a market cap of $1.47 billion. The meme cryptocurrency is currently changing hands at $1.48 after slipping by nearly 2% over the past 24 hours. WIF to $88? Cryptocurrency research firm Cryptonary recently predicted that the price of Dogwifhat (WIF)…

Famous wealth advisor Mickle says Judge Torres’ decision concerning the secondary market trading of XRP does not establish a binding precedent for other courts to follow. Mickle made the assertion while reacting to a comment from famous crypto YouTuber Wendy O, who acknowledged the importance of XRP’s non-security status in the secondary market. According to Wendy O, this classification is important to the broader crypto and NFT (non-fungible token) industry. The comment suggests that the classification could impact how other digital assets could be treated. The Issue Reacting to the development, Mickle said the only problem with the “ruling” is…

Sen. J.D. Vance (R-OH), who last month became former president Donald Trump’s running mate, has disclosed that he still holds between $101,000 to $250,000 worth of Bitcoin in his 2023 annual financial disclosure. The Bitcoin disclosure, which Vance notes is held in a Coinbase account, isn’t new. The Republican senator also reported holding between $101,000 to $250,000 in BTC on his 2022 annual report and his 2021 candidate disclosure when he was running for his Senate seat. There’s a wide discrepancy in the value of his assets because federal laws require U.S. lawmakers to specify a range for their assets,…

Crypto ATMs had been relatively common in the UK—even though the Financial Conduct Authority (FCA), the body that regulates financial services in the UK, banned them in 2022. According to data from Coin ATM Radar, 81 working crypto ATMs were in the UK in March 2022, placing it among the top ten in the world at the time. Though there have been numerous crackdowns by UK police on crypto ATMs since the ban, this is the first reported case of a criminal charge occurring as a result of operating one. Police officers carried out a search warrant at an electronics…

Dubai – Crypto.com has unveiled a major expansion of its global retail services, now enabling seamless deposit and withdrawal options for users in over 90 countries. This service, powered by Standard Chartered, marks a significant advancement in the accessibility and convenience of crypto transactions for millions of users worldwide. (Cover photo: Eric Anziani, President and COO of Crypto.com)—Operating through its regional hub in Dubai, Crypto.com is set to offer these enhanced retail services globally. The expansion is supported by Dubai’s progressive regulatory environment, led by the Virtual Assets Regulatory Authority (VARA), which ensures a secure and robust framework for the…

Focusing on the US CPI inflation data, Bitcoin (BTC) and the broader crypto market staged a strong recovery that began yesterday evening. While the Bitcoin price increased by 2.8% in the last 24 hours and rose above the $61,000 level, it is thought that the strong stablecoin inflows that occurred last week were effective in this rise. At this point, 10X Research founder Markus Thielen said that the increase in stablecoin issuance affects Bitcoin price movements and could be the key to its next rise. Noting that a total of approximately $2.8 billion worth of USDT and USDC were issued…

U.S. judges are providing clarity on the legal status of cryptocurrency tokens. In a series of recent rulings, judges have emphasized that tokens themselves are not inherently securities. These decisions come from cases involving Ripple, Kraken, and Binance, where the SEC sought to categorize these tokens as securities under existing laws. Judge Torres in SEC v Ripple told the SEC that the XRP token itself is not a security /1 pic.twitter.com/XpjbaJbdsl — bill morgan (@Belisarius2020) August 29, 2024 In the SEC v. Ripple case, Judge Torres explicitly stated that XRP, Ripple’s digital token, is not inherently a security. This ruling…