Author: NBTC

The Bitcoin (BTC) market is currently experiencing significant pressure due to large sell-offs from the Mt. Gox exchange and German authorities. Germany is rapidly liquidating its Bitcoin holdings, intending to sell all remaining BTC within two days at the current selling pace, according to analysts. Recently, 16,038 BTC were transferred from government wallets to various crypto exchanges and market makers, with a total of 26,071 BTC sold since June 19. This leaves only 23,788 BTC in their wallet. Despite these fundamental challenges, the average cost of Bitcoin mining among the largest public miners in April, approximately $53,000, serves as a…

Fund issuers looking to offer spot ether ETFs in the US have heard from the Securities and Exchange Commission — with sources saying the dialogue points to launches next week. The securities regulator has asked the companies to submit their final registration statements, or S-1s, for the proposed ETH funds by end of day on Wednesday, two people close to the filing told Blockworks. These documents would address any final suggested revisions and include details left off some previous S-1s, including fees. Read more: Does the ETH ETF ‘fee war’ even matter to investors? Per the SEC’s request, issuers expect…

Beacon Chain will close in June and probably reshuffle some tokens in the Binance ecosystem. In early 2024, Binance announced the closure of Beacon Chain, but the immediate news may also attract more attention to BNB Coin (BNB). Beacon Chain was a temporary solution for orchestrating consensus. Binance directly monitored its other decentralized networks through the BNB Chain. So its closure won’t have a direct impact on Binance Smart Chain. Holders of BNB tokens may continue to receive passive income after re-delegating their holdings. Searching for info on the Beacon Chain sunset? 🌅 Look no further!📝Stake Migration Guide: https://t.co/6GFKppXuHN ⛓️BSC…

In an exclusive interview, we had the opportunity to talk with Gerald Heydenreich, the President and co-founder of EtherMail, a company revolutionizing the email landscape for the Web3 era. EtherMail is pioneering the concept of a “Consume-to-Earn” email service, offering users full ownership, control, and sovereignty over their inboxes while enabling anonymous and encrypted wallet-to-wallet communication.—The Vision Behind EtherMailGerald Heydenreich co-founded EtherMail with a vision to bridge the gap between traditional email systems (Web2) and the decentralized future of Web3. “Our goal is to give users complete control over their email communication while also providing a way to earn rewards…

U.S. Senator Marsha Blackburn (R-TN) has announced, in a press release sent to Bitcoin Magazine, that her re-election campaign now accepts cryptocurrency donations. This move comes as Blackburn’s campaign recently launched a page dedicated to Bitcoin donations. “Our campaign is committed to meeting supporters where they are,” said Senator Blackburn. “As a growing number of Americans utilize digital currencies for everyday transactions, we are excited to take this next step and stay on the cutting edge of the 21st-century digital world.” This announcement follows a recent trend of Bitcoin adoption among U.S. politicians. Just yesterday, Blackburn chaired the RNC Platform…

According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to 76 between those two days over the 30-day period. Ethereum Search Popularity Peaks as ETF Launch Nears; Bitcoin Searches Also on the Rise Ethereum is gaining attention ahead of the imminent launch of spot ether exchange-traded funds (ETFs), while bitcoin has also seen increased interest…

A prominent representative of the Shiba Inu team, its marketing lead Lucie, has issued a crucial warning to the SHIB community. Lucie’s tweet is called “crypto and celebrities,” and it discussed the major issue of celebrities beginning their own cryptocurrency projects and offering the community to invest in them. “Crypto and celebrities” SHIB warning Lucie tweeted that while being a fan of various musicians and celebrities from show business, she was still stunned when they took a step toward the crypto space. Lucie shared that she had “an interesting chat with a friend” and then read a few posts on…

The Open Platform (TOP), a prominent developer in The Open Network (TON) blockchain ecosystem, announced today that it has made a strategic investment in Pluto Studio, the developer behind the rising Telegram-based crypto game, Catizen. Catizen has seen surging growth alongside other major Telegram crypto games, with Pluto also announcing on Monday that the game has now attracted some 25 million players. Pluto declined to disclose the amount of the investment. The game is built around simple puzzle matching mechanics, letting players merge and upgrade felines in a cat cafe, all in the hopes of earning a larger share of…

Scroll, a ZK rollup Layer 2 network, is up 23% over the past seven days to reach a TVL of $1.03 billion, according to L2Beat data. Meanwhile, the total value locked for all Ethereum Layer 2s is up 12.04% over the last week to reach $42.04  billion. Scroll Hits $1 Billion TVL Scroll has become the 8th Ethereum Layer 2 network to surpass a TVL of $1 billion. Of this total value, ETH accounts for 87.29%, stablecoins 11.11%, and other assets 1.60%. The network has recently garnered significant attention, continuously rolling out features since its launch in October 2023. The…

Bitcoin’s fear and greed index is at 27, hinting at a fear in the market. The daily RSI at 38.08 suggests the asset’s oversold condition. The potent bulls struggle to hold their ground as bears dominate the crypto market currently. Bitcoin (BTC) witnessed a minor spike of 1%, struggling to move higher. BTC price has fluctuated within the $53,000–$70,000 range, as the asset has faced multiple resistance-support levels over the past month. Amidst the ongoing BTC price decline, Australia’s DigitalX has obtained the approval of a spot Bitcoin ETF to list on the Australian Securities Exchange (ASX). DigitalX’s BTC ETF…