Author: NBTC

Famous CNBC host Jim Cramer recently took aim at business intelligence MicroStrategy. The 69-year-old “Mad Money” host recently warned his audiences against buying the company’s stock. Those who want to get exposure to Bitcoin should purchase the largest cryptocurrency directly, according to Cramer. The bull case MicroStrategy has substantially outperformed Bitcoin on a year-to-date basis. According to investment banking company TD Cowen, the stock could experience a significant surge this year. Institutions dipping their toes into Bitcoin ETFs could prove to be a major bullish catalyst for MicroStrategy, according to TD Cowen. The company has also been predicted to benefit…

A Woori Bank employee has reportedly been arrested for embezzling $15 million by manipulating loan documents and using the stolen funds to buy crypto. A Woori Bank employee has been arrested on Monday after being indicted for embezzling ₩18 billion (approximately $15 million USD) through the manipulation of loan documents and subsequent investment in cryptocurrencies. According to local news reports, the employee, who managed corporate loans at a Woori Bank branch in Gimhae, South Korea, allegedly falsified loan documents 35 times over a 10-month period from July 2023 to May this year. The fraudulent loans were taken out in the…

Bitcoin’s price drop last week, exacerbated by German government transfers, pushed hashprice to an all-time low of $44.31/PH/day, despite a 5% downward difficulty adjustment. Last week’s Bitcoin (BTC) price drop, worsened by German government liquidations, had pushed hashprice, a metric that represents the miner revenue on a per terahash basis, to an all-time low, triggering memories of the summer of 2021 when China’s Bitcoin mining ban caused similar disruptions in the crypto’s mining ecosystem. As per data from crypto mining analytics firm Hashrate Index, last week hashprice plunged down to $44.31 per petahash per day (PH/day), what appears to be…

Bitcoin whales accumulate amidst market volatility, signaling long-term confidence. Major investors’ 49,274.2% profit showcases Bitcoin’s historic profitability. Bitcoin whales are making waves with significant accumulation moves. Today, two notable whales bought a staggering 791 BTC, equivalent to $49.8 million, seizing the opportunity at the market’s bottom. This strategic move comes amidst ongoing volatility and uncertainty in the digital asset space. One such whale, identified by the wallet address 1LXdAT, has been steadily accumulating Bitcoin since March 19, amassing a total of 4,736 BTC valued at a whopping $309 million. With an average purchase price of $65,264. Similarly, the wallet address…

Pro-XRP lawyer Bill Morgan has joined the chorus of criticism against regulatory bodies, suggesting that both the Australian Securities and Investments Commission (ASIC) and the U.S. Securities and Exchange Commission (SEC) are failing to establish clear guidelines for the cryptocurrency industry. However, the lawyer acknowledged ASIC for not pursuing the “madness of endless regulation by enforcement.” The US shouldn’t feel alone. Australia under its current government is doing its part not to pass any meaningful crypto regulation too, however at least our regulator, ASIC, is not perusing the madness of endless regulation by enforcement of the SEC. https://t.co/hI1GTlo968 — bill…

Bitcoin mining difficulty dropped significantly by 7.8% on June 5, 2024, reaching levels not seen since before the halving event in April. This marks the largest difficulty drop since the collapse of crypto exchange FTX in 2022. One analyst said miners’ daily revenues have plummeted from $78 million pre-halving to $26 million currently. This downward adjustment in mining difficulty can benefit smaller miners and potentially lead to profits for mining farms. One of the most important participants in the Bitcoin network may have a reason to rejoice in the coming weeks as power requirements to mine blocks fell 7.8% over…

El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as a legal tender under the leadership of President Nayib Bukele. This groundbreaking decision has enabled significant financial improvements across the small Central American nation. Yesterday, El Salvador launched its website to track its national Bitcoin treasury holdings to further its commitment to Bitcoin transparency. JUST IN: 🇸🇻 El Salvador released a new website that tracks their #Bitcoin Treasury.El Salvador is winning 🔥 pic.twitter.com/U7CktWSBet — Bitcoin Magazine (@BitcoinMagazine) May 13, 2024 The platform is hosted at bitcoin.gob.sv, provides real-time data on the nation’s bitcoin reserves. Using…

The former US President’s recent statement favoring crypto assets has triggered a spike in the popularity of celebrity meme coins. In this respect, an expert trader has recently made up to $144,230 from just $839 in a mere couple of hours with the token “$MOTHER”. A crypto analyst going by “Leshka.eth” disclosed the respective profit of the trader on the social media platform X. This memecoin trader turned $839 into $144,230 in 2 hours!After his successful $MOTHER snipe, his portfolio skyrocketed by 171xCelebrity memecoins are the hottest rnI’ve analyzed his wallet and here’s how we can repeat his success 🧵👇…

A former compliance officer at Crypto.com — registered in Malta as Foris Dax MT limited — has been charged with extortion and money laundering after he allegedly threatened to expose sensitive information while demanding compensation from the company. Thirty-three-year-old Jose Luis Alonso Melchor was arraigned by magistrate Nadia Vella in a Malta court on Thursday following his arrest and termination from the Singapore-based crypto exchange. According to Malta Today, Melchor was fired after Crypto.com discovered he had broken an attachment order. Melchor then allegedly obtained sensitive information from the firm through his compliance officer role and threatened to publish it.…

Bitcoin (BTC) surged by 4.3% in the past 24 hours reaching $63,422. US spot Bitcoin ETFs saw a $116.8M net inflow last week after four weeks of outflows exceeding $1B. Today, Bitcoin (BTC) experienced a notable uptick, gaining 4.3% in the past 24 hours and reaching $63,422. This surge comes ahead of the eagerly anticipated release of macroeconomic data from the United States later this week. Despite recent volatility, Bitcoin managed to maintain its position above the crucial $62,800 support level. Investors are optimistic, hoping for stronger weekly closures after weeks marked by uncertainties in the market. In the previous…