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.

Bitfarm’s stock is unjustifiably discounted, sees 75% upside

MiningJun 5

Analysts from H.C. Wainright believe Bitfarm’s growth strategy is promising, and the stock could have a 75% upside. In a recent market report, the analysts expressed optimism about Bitfarms‘ potential to expand its market share and lower production costs in 2024. They cited Bitfarm’s actions to embark on a fleet upgrade and growth strategy and anticipate a reduction in electricity costs. Bitfarms is a worldwide, fully integrated Bitcoin mining company with 12 mining facilities worldwide. Despite potential short-term volatility due to macro and geopolitical concerns, the H.C. Wainright analysts are bullish on Bitcoin’s price in the medium and long term.…

Bitcoin 40% Of Way Through Bull Run If This Metric Is To Go By

BitcoinJun 5

A pattern in the holdings of the Bitcoin long-term holders may suggest that the current bull run is 40% of the way to completion. Bitcoin Long-Term Holders Have Been Distributing Recently In a new post on X, Glassnode lead analyst Checkmate discussed the recent behavior of the long-term Bitcoin holders. The “long-term holders” (LTHs) here refer to the BTC investors who have been holding onto their coins for over six months. Statistically, the longer an investor holds onto their coins, the less likely they become to sell them at any point. Since the LTHs hold for significant periods, they are…

English Soccer Club Watford FC to Offer 10% Digital Equity Through Investment Platform Seedrs

RegulationJun 5

Watford, who play in the second tier of the English league system, is aiming to raise around 17.5 million pounds ($22.3 million), setting a price per share of around 12 pounds. Investors will have the option to receive tokens to access exclusive offers in addition to their digital equity. English soccer team Watford FC is offering 10% equity in the club to investors and fans through Seedrs, the European arm of investment platform Republic. Watford, who play in the second tier of the English league system, is aiming to raise around 17.5 million pounds ($22.3 million), setting a price per…

Shiba Inu Lead Explains Why This is a Big Day for SHIB

AltcoinsJun 5

Shiba Inu lead Shytoshi Kusama recently declared that this is a big day for the project, calling attention to the pivotal $12 million funding round for TREAT. As previously reported by The Crypto Basic, the Shiba Inu ecosystem team recently secured a significant funding round of $12 million, led by prominent Web3 venture capital firm Animoca Brands and others. Kusama revealed that the funding was secured through Shiba Inu Mint S.A., a corporation based in Panama by selling its utility token named TREAT. Amid reports of the development, Kusama noted in a recent post that the significant push makes this…

Bitcoin halving slashes miners' production in May by over 40%

MiningJun 5

Several Bitcoin miners experienced a decline in BTC production in May due to the effects of the April Bitcoin halving event. The Bitcoin halving occurs approximately every four years and automatically reduces miner rewards, thereby enhancing the flagship digital asset’s scarcity. This year, the event cut mining rewards to 3.125 BTC — significantly decreasing total daily BTC production to a maximum of 450 BTC. Miners reveal falling production In a June 4 statement, CleanSpark reported a 42% decline in BTC production, falling to 417 BTC in May from 721 BTC in April. Despite this drop, the company claimed to have…

Only 1% of consumers still think Bitcoin is a passing 'fad'

BitcoinJun 5

Bitcoin and crypto are no longer seen as a fleeting “fad” among consumers — the majority now consider them an integral part of the financial system, Reuters reported on April 8, citing a Deutsche Bank survey. The survey gathered responses from 3,600 individuals and revealed a slow yet noticeable shift in consumer attitudes towards bitcoin and cryptocurrencies, balancing cautious skepticism with a cautiously optimistic outlook for their future in the financial market. ‘Important asset class’ According to the survey, 52% of respondents believe crypto will become an “important asset class and method of payment” in March, compared to less than…

German public believes digital euro could be used for surveillance

RegulationJun 5

Germany’s Deutsche Bundesbank has revealed the results of its survey, showing that around 50% of the respondents could “generally imagine” using a digital euro. Many people in Germany are “open to the idea of the digital euro,” according to the Deutsche Bundesbank, the country’s central bank, which published the results of a survey conducted among 2,012 people in April 2024. As per the results, around half of the respondents “could generally imagine using a digital euro as an additional payment option.” “People who were previously unaware of the digital euro also indicated that they were open to this new means…

Stunning CBDC Pivot Predicted by Bitcoiner Samson Mow

RegulationJun 5

Samson Mow, major Bitcoin advocate and the chief executive at Jan3, has reposted a tweet made by Jan3. In a video extract of his interview, Mow talks about CBDCs and issues a warning as to the ultimate goal of central banks in building them, and where CBDCs may lead society if the plan works out. Samson Mow's CBDC warning Samson Mow defined the strategy that central banks and governments have in mind as they are trying to launch CBDCs around the world as “trying to control the money so you can control the people.” This is why banks are working…

$13.7 Million in XRP Bought by Whales as Price Shows Bullish Signals

AltcoinsJun 5

In a move that has reignited discussions about the future trajectory of XRP, a significant transaction of 24.5 million XRP, worth approximately $13.7 million, was recently flagged by Whale Alert. This substantial purchase by a crypto whale not only demonstrates a substantial commitment to XRP but also indicates a potential shift in the market sentiment toward this cryptocurrency. 🚨 24,526,015 #XRP (13,710,278 USD) transferred from #Binance to unknown wallethttps://t.co/PSrPr0c5mN — Whale Alert (@whale_alert) April 22, 2024 The timing of this whale's investment is particularly intriguing. It comes at a pivotal moment when XRP is showing signs of recovery, reflecting a…

Binance Suspends Cash Payments for P2P Trading in India

ExchangesJun 5

Binance has suspended cash payments for peer-to-peer (P2P) trading in India to adhere to regulatory compliance and enhanced security, 99 Bitcoins reported. While cash transactions have been convenient for users in regions with limited banking access, Binance aims to mitigate money laundering risks and promote a safer trading environment through this action. The crypto exchange assured users in the region that alternative payment methods like bank transfers and digital wallets remain available. Despite mixed reactions from industry experts, concerns linger regarding potential effects on trading volumes and liquidity, particularly in cash-centric regions. The alternative methods offered by the exchange reportedly…