Author: NBTC

Investors gain access to bitcoin at below market rates via forward hashrate contracts directly from miners. Miners have immediate access to liquidity and can hedge against market volatility. Loka Mining has launched a protocol with a decentralized bitcoin (BTC) mining pool that allows miners to sell their future rewards to institutional investors at a discount and gives them instant access to cash for operational use. The product, in collaboration with sustainable miner Hashlabs, is likely to appeal to companies whose revenue has been hit by the recent halving, and offers a way of hedging against market volatility. Loka will launch…

Bitcoin analysts observe key support levels and potential rebound despite bearish sentiment. Amid the recent turmoil caused by selling activities, signs of stability and potential recovery are emerging. Notably, Rekt Capital and Ali Martinez have provided insights into Bitcoin’s current market dynamics, both long and short term. Rekt Capital recently highlighted Bitcoin’s initial signs of stability following a significant crash. He noted that Bitcoin is gradually approaching the downtrend marked by a light blue trend line. This trend line, showing lower highs and lower lows, represents a critical resistance level. The red-shaded area around the $72,500 level also indicates a…

Economic growth in G-7 countries boosts investor confidence in riskier assets like Bitcoin. Expected interest rate cuts from the Fed could increase Bitcoin demand. Stable U.S. stock market conditions indicate potential for a Bitcoin bull run. Bitcoin’s price dropped sharply, hitting a low not seen in four months at around $53,500, marking a decline of over 9.3%. Despite Germany’s significant Bitcoin sales and fears surrounding Mt. Gox’s liquidation, macroeconomic factors and ongoing risk appetite in traditional markets hint at a robust recovery. However, the broader outlook for Bitcoin suggests that once these specific supply pressures are resolved, the market could…

The tokens from the Bitcoin decentralized finance (BTCfi) sector are down 23.4% on average in 2024, according to data from Artemis. This contrasts with the hype shared by investors that the Bitcoin decentralized finance (BTCfi) ecosystem would rise this year. However, Charlie Hu, the co-founder of layer-2 blockchain Bitlayer, highlights that this narrative is far from dead and lists three reasons why BTCfi is lagging behind. “When BRC-20 came out, the market had almost zero hype as a whole. The Web3 space was in a bear market, and there weren’t too many things to talk about in the deep bear…

In a surprising turn of events, the price of the BOOK OF MEME (BOME) token has experienced a sudden drop despite starting the day with a significant surge. At press time, BOME price had dropped by 5.21% over the past 24 hours to trade at $0.01393. Earlier today, BOME price hit a high of $0.01592, instilling confidence in investors speculating on its future price movements following the success of a majority of Solana meme coins. BOME price rises as Solana meme coins soar BOME token has been enjoying a bullish resurgence alongside other meme coins within the Solana ecosystem with…

The wealth distribution in the Mt. Gox bankruptcy estate seemingly mirrors the wealth distribution seen in ‘real life.’ That’s to say, the top 1% own the most bitcoin. This unremarkable statement, however, is a little less descriptive of the Mt. Gox reality than it initially seems. Before long-awaited payouts commenced this summer, one researcher estimated that the top 1% of Mt. Gox creditors were entitled to the vast majority of its recovery. In the subsequent two years, however, some settlements and negotiations have added some nuance to this sensational claim. Most importantly, there have been years of settlement agreements between…

This week’s celebrity meme coin craze took a fresh twist late Tuesday when Australian rapper Iggy Azalea—best known for the hit song “Fancy” a decade ago—launched her own Solana meme coin, MOTHER. And the crypto community broadly appears convinced that Azalea might be a “real one” and not just in it for a quick cash grab. MOTHER has charted massive gains since Azalea tweeted it out on Tuesday, jumping more than 22,000% to a current price above $0.015 and a market cap topping $15 million. More than $150 million worth of the Solana-based token has been traded in less than…

The U.S. Securities and Exchange Commission dropped a three-year-old investigation into Hiro Systems, a blockchain software developer (formerly known as Blockstack) that raised $70 million in token sales from 2017 to 2019, according to a Friday filing. The probe’s conclusion is another win for the crypto industry in its years-long struggle with the regulator and follows news, reported by Fortune earlier this week, that the agency had ended an investigation into stablecoin issuer Paxos. “Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Hiro Systems PBC,…

The German government’s been quite busy raking in some cold hard cash as it seeks to offload portions of its bitcoin stash. While analysts have been warning about the potential impact of the Mt Gox repayments, the German government’s moves came as a bit of a surprise to some. However, the selling from the German government isn’t enough, at this point, to put a stop to John Glover’s bullish attitude. The chief investment officer of Ledn thinks that bitcoin could top $80,000 — if not higher, with other analysts calling for $100,000 — by the end of the year. That…

Polygon-based Alien Cats clawed their way to the top of the non-fungible tokens (NFT) market on Monday, with a sales performance of US$1.32 million, according to CryptoSlam data. The newly launched NFT sold for US$30,000 per unit but just had 11 unique sellers and buyers each. The second-highest performing collection of the day was π, a BRC-20 NFT collection, with a total sales volume of US$1.12 million, rising from US$418,754 the previous day. Ranking third in daily sales was the DMarket collection, which specializes in virtual in-game items and NFTs on the Mythos network. DMarket achieved a total sales volume…