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.

Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says

Power demand from hyperscalers and AI firms may make bitcoin mining companies potential takeover targets, the bank said. JPMorgan said CoreWeave’s deal with Core Scientific validates the mining sector’s pivot to HPC. The report said that bitcoin miners under financial pressure following the recent halving may be more susceptible to a deal. Hyperscalers and artificial intelligence (AI) firms are exploring different alternatives to securing their energy needs, and this may make bitcoin (BTC) mining companies with attractive power contracts appealing acquisition targets, JPMorgan (JPM) said in a research report on Wednesday. A hyperscaler is a large-scale data center specializing in…

MiningJun 6

BTC Eyes Previous Zeniths With Renewed Vigor

On April 8, 2024, bitcoin reached an impressive 24-hour peak of $72,573, marking a significant uptrend. With a 24-hour trading volume of $29.64 billion and a market capitalization soaring to $1.41 trillion, the cryptocurrency showcases strong market growth. Bitcoin Analyzing the daily chart, bitcoin (BTC) displays a bullish pattern with consistently higher lows and higher highs, indicating a robust uptrend. The latest rise breaking past potential resistance levels suggests a fervent buying interest among traders. However, the wisdom of waiting for a retracement or consolidation becomes apparent, aiming to avoid entering a peak post-major bullish run-up. The 4-hour chart offers…

BitcoinJun 6

Ethereum (ETH) Price Struggles to Break $3.7K Resistance

Ethereum Price has declined by 3.62% in the past week. The approval of spot ETH ETF listings has not priced in yet as ETH experiences increased dips. The overall crypto sector has initiated the month with struggles to break resistance beyond last month’s bullish momentum. Leading cryptocurrency Bitcoin is struggling to break resistance at $69K. Parallely, with increased volatility, Ethereum price also struggles to surpass key resistance levels, $3700 and $3800. Notably, the SEC’s approval of spot Ethereum ETF listing is not priced in yet. The largest altcoin depicted increasing price dips in the past week. After its recent upward…

EthereumJun 6

Ocean Enterprise Collective Launches to Transform Data and AI Ecosystems

The Ocean Protocol is excited to launch the Ocean Enterprise Collective (OEC). This groundbreaking non-profit association brings together international organizations from eight countries across nine different industries, including aerospace, agriculture, energy, health, human resources, manufacturing, mobility, and the public sector. 📢Time to meet the Ocean Enterprise Collective – @ocnenterprise!🌍 It brings together leaders from 8 countries & 9 industries to launch Ocean Enterprise—a free, open-source, enterprise-ready version of Ocean Protocol. See more at https://t.co/c9Y1kVU51y🚀 https://t.co/kbYpMe1wOS — Ocean Protocol (@oceanprotocol) April 22, 2024 Ocean Enterprise is the latest iteration of Ocean Protocol, enhanced to meet the specialized needs of enterprise environments.…

AltcoinsJun 6

Victims Fight to Reclaim $700,000 in Hong Kong Court

Two individuals connected to the JPEX scandal have filed a lawsuit in Hong Kong courts seeking to recover HK$5.5 million (approximately $703,300). The lawsuit names plaintiffs Herbert Lee Sung-him and Chan Wing-yan against JPEX Crypto Asset Platform, a firm accused of financial fraud totaling HK$1.6 billion, and its associated entity, Web 3.0 Technical Support. The plaintiffs are also seeking to hold accountable “any persons who carried out or assisted in the scheme,” including three wallet address holders linked to the JPEX platform. Felix Chiu King-yin, general manager at Hong Kong cryptocurrency exchange Coingaroo, which reportedly has operational ties to JPEX,…

LegalJun 6

Bitcoin nears all-time high as daily trading volume rises 70%

Bitcoin is up by over 4% today as the largest cryptocurrency nears its all-time high after a month. After dipping below $66,000 following wider liquidations in the crypto market, BTC made a strong comeback this week, driven by nearly $570 million total net flow in Bitcoin ETFs last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows. Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin Cash (BCH), a fork of the Bitcoin network. The token’s…

BitcoinJun 6

New ProShares Ethereum ETFs Launched With Targeting 2x and -2x Daily Ether Returns

Key Points: Two new ProShares Ethereum ETFs, ETHT and ETHD, will be launched on June 7. ETHT targets 2x daily Ether returns, while ETHD targets -2x daily returns. ProShares continues its leadership in crypto-linked ETFs, expanding its innovative offerings. ProShares, a leading provider of exchange-traded funds (ETFs), announced today the launch of two new Ether-linked ETFs. New ProShares Ethereum ETFs Launched With Targeting 2x and -2x Daily Ether Returns 2 New ProShares Ethereum ETFs Launched The ProShares Ultra Ether ETF (ETHT) aims to deliver twice the daily returns of Ether, while the ProShares UltraShort Ether ETF (ETHD) is set to…

EthereumJun 6

Ripple CTO Highlights XRP 1500% Surge Since 2017 to Counter Underperformance Claims

David Schwartz, the Ripple CTO, recently highlighted that XRP is up 1,500% since 2017 in an attempt to counter claims that it has delivered losses within this timeframe. The recent remarks came on the heels of a bitter complaint from an investor, known on X as Mr. Karipple, who lamented XRP’s perceived underperformance over the last seven years. Notably, the investor revealed that he has been holding XRP since 2017 but has failed to realize any substantial gains. According to him, this turn of events is “unbelievable,” arguing that he could have been a millionaire if he had instead poured…

AltcoinsJun 6

6 Ways the Halving Will Impact Bitcoin Mining

Bitcoin’s hashrate will not drop by that much Contrary to popular belief, this halving will likely not cause a major decrease in the network's hashrate. After Bitcoin’s first three halvings, the hashrate plummeted by 25%, 11%, and 25%, and it appears many analysts and miners are expecting (or hoping for?) a similar hashrate reduction this time. I concur with Pennyether's prediction that the forthcoming Bitcoin halving is expected to result in a modest decrease in the hashrate, ranging from 5 to 10%. This prediction is also not far from that of Hashrate Index, which sits at 3-7%. This cautious forecast…

BitcoinJun 6

Is Ethereum (ETH) in Danger of Price Drop?

Ethereum might drop below a crucial price level, especially if the historical support level does not hold. For now, Ethereum is moving at the $3,760 price level, with support at $3,720. In case of a drop below the aforementioned support, the 26 EMA is the next level for a bounce. Potential volatility is indicated by Ethereum's current price action. Since the $3,720 support level has already been put to the test multiple times, bulls must protect it. The 26 EMA, which is currently at $3,568, is the next major support if this level is broken. It will be carefully observed…

EthereumJun 6