Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Billionaire Investor Chamath Palihapitiya Makes Case for Bitcoin to $500K

BitcoinJun 14

Weeks after the fourth Bitcoin (BTC) halving event, industry leaders have continued to speculate on what the future holds for the top coin. Joining this conversation is billionaire investor Chamath Palihapitiya, who noted that it is ultimately feasible for the Bitcoin price to hit an all-time high (ATH) of $500,000 in a few years. Theoretical projection based on history According to Chamath Palihapitiya, Bitcoin is known to record major growth about 12 to 18 months after the halving event. In the first month to the third month after each halving, the price of Bitcoin generally records flatter growth. The first…

MicroStrategy shares surge 134% and outpaces Bitcoin in 2024

RegulationJun 14

MicroStrategy’s stock has experienced a remarkable 132% increase this year, outpacing Bitcoin (BTC) and other companies with BTC exposure, as reported by research firm Kaiko. The surge is partially due to a short squeeze and is particularly significant in light of the new spot Bitcoin exchange-traded funds (ETFs) in the US, which provide an easy way to invest in BTC. Despite holding BTC, Tesla and the Block (SQ) have not seen similar gains, with their stocks down by 10% and 29% year-to-date, respectively. These companies have shown a lower correlation with Bitcoin, moving more closely with the broader tech market.…

300 Million Dogecoin Snatched by Mysterious Whale After Elon Musk’s Tweet

AltcoinsJun 14

Prominent blockchain sleuth Whale Alert, which tracks down large cryptocurrency transactions made by both crypto exchanges and retail/institutional investors and holders, has spread the word about a gigantic amount of meme cryptocurrency Dogecoin being transferred from the popular investment platform Robinhood. Over the past 24 hours, it has detected that several hundred million of DOGE has been transferred from the above-mentioned trading and investment platform. 🚨 150,000,000 #DOGE (23,552,001 USD) transferred from #Robinhood to unknown wallethttps://t.co/Z7kyHDma8i — Whale Alert (@whale_alert) April 16, 2024 300 million DOGE absorbed by major whale The above-mentioned data source has published two Twitter/X posts to…

Moscow stock exchange ceases trading in dollar and euro

ExchangesJun 14

Russia’s stock exchange, the Moscow Exchange (MOEX), has stopped all trading in US dollars and euros. The decision follows a new round of sanctions imposed by the US Treasury Department on Russia. The exchange also confirmed that share trading and money market transactions in these currencies would be permanently halted. The US Treasury sanctioned over 300 entities, aiming to disrupt Russia’s financial infrastructure. These new sanctions are part of a broader strategy to apply pressure on the BRICS nation, which has been moving towards de-dollarizing its economy. MOEX had previously warned that it would halt foreign currency trading if new…

“Bitcoin Miners Started Moving BTC to Exchanges”

MiningJun 14

Bitcoin miners are reselling their holdings as BTC struggles to maintain the $70,000 level. Data from CryptoQuant shows that BTC flows from miners' wallets to exchanges reached a two-month high last weekend, a sell sign. “Miners were competing for 900 BTC per day less than two months ago, but now they are competing for 450 BTC per day across the network,” said HC Wainwright analyst Mike Colonnese. “The mining economy is down 45% from pre-halving levels, so market “We're not surprised to see some of that sales force.” CryptoQuant data shows that hourly BTC transfers from miners to exchanges reached…

Michael Saylor Spotlights Major Investment Board's Bet on Bitcoin

BitcoinJun 14

The State of Wisconsin Investment Board (SWIB) has made a crucial pivot to invest in spot Bitcoin ETF products, carving out a rare space in the traditional finance sector. This move was specifically spotlighted by Michael Saylor, who described the firm as a "fiscally sound pension fund" that sees the value of Bitcoin. As a $180 billion investment fund, SWIB has injected the sum of $162 million to buy shares of BlackRock and Grayscale Investments. Commenting on this move, Marquette University Professor Emeritus David Krause noted that more investment funds in other states are likely to make a related pivot…

"As Prices Fall, Interest in These Altcoins Has Increased Greatly!"

AltcoinsJun 14

With the ongoing tension in the Middle East and increasing concerns that the FED may keep policy rates at higher levels for longer than expected, there were sharp declines in Bitcoin and other cryptocurrencies. At this point, while BTC fell to the level of $ 60,000 during these declines, major declines were also seen in altcoins, including Ethereum. Although the interest in BTC and the crypto market in general decreased after the decline, Santiment stated that the situation was different for the two altcoins. Santiment pointed out that although there is a decrease in crypto interest and prices in general,…

Shiba Inu Now Purchasable with 100+ Fiat Currencies on StealthEX

ExchangesJun 14

Shiba Inu can now be bought with credit cards on StealthEX, thanks to their partnership with Mercuryo, allowing purchases with 100+ fiat currencies. Shiba Inu (SHIB) continues to make headlines in the crypto scene, with several recent developments enhancing its utility and accessibility. From new purchase options on platforms like StealthEX to acceptance by various businesses, SHIB is solidifying its presence in mainstream applications. StealthEX Enables Card Purchases for Shiba Inu The Shiba Inu community has reason to celebrate as SHIB can now be purchased using a credit card on StealthEX. This development is due to StealthEX’s collaboration with Mercuryo,…

Bitfarms stock up 15% after anouncing large-scale mining site

MiningJun 14

After rejecting Riot’s takeover bid, Bitfarms announced a project to significantly increase its power capacity and Bitcoin mining capabilities by 2025. Bitfarms entered into an agreement to construct a power plant with a capacity of up to 120 MW and to lease a location in Sharon, Pennsylvania. After this agreement, Bitfarms shares (BITF) rose over 15% today. Bitfarms, a Bitcoin mining company garnering attention amidst some takeover attempts, has restated its position that Riot’s proposed takeover would not benefit its shareholders. The company additionally revealed plans to establish this first major mining site in the United States, which will significantly…

Bitcoin May Skyrocket Once It Completes This Bullish Maneuver: Analyst

BitcoinJun 14

Crypto trader Ali Martinez has shared that he expects Bitcoin to stage a substantial surge if a scenario he described plays out. Bitcoin eyes surge to $74,400 According to Martinez’s tweet, Bitcoin is currently breaking out from a symmetrical triangle pattern. BTC is targeting breaking out above the upper trend line. A proper close above the resistance level at $69,330 is likely to give Bitcoin momentum to surge to the $74,400 price level, the analyst wrote. #Bitcoin appears to be breaking out from a symmetrical triangle! A sustained close above the $69,330 resistance level could send $BTC to $74,400. pic.twitter.com/UrZrJqZdrr…