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.

Marathon Brings The Heat As Bitcoin Halving Approaches

While to the greater Bitcoin culture, Bitcoin halvings are seen as a celebratory event, for miners, things tend to be a tad stressful. As Bitcoiners around the world gather to celebrate block 840,000, miners are hunkering down and preparing for their reward for mining blocks to decrease by 50%, while the cost of their operations remains the same. With the next bitcoin halving scheduled to occur on April 19, one might imagine that Fred Thiel, CEO of Marathon Digital Holdings, the largest publicly-traded Bitcoin mining company in the world, might be worried. But after sitting down with Thiel just days…

BitcoinMay 19

Analysts Update Expectations for Ethereum Spot ETF Decision

Investment companies eager to introduce the first ETFs based on Ethereum face potential disappointment. The U.S. Securities and Exchange Commission (SEC) has not yet indicated it is ready to approve such products. After months of silence, the US regulator is expected to announce its decision next week on at least one application for an ETF that invests directly in Ethereum, the world's second-largest cryptocurrency. Some fund companies are expecting a rejection, citing less robust private dialogues with the SEC than before the approval of spot-Bitcoin ETFs in January. In the weeks leading up to the approval of Bitcoin ETFs, fund…

EthereumMay 19

Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics

Bank of America raised Coinbase to neutral from underperform and boosted its price target to $217 from $110. The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said. The bank said risks include the exchange’s continued dependence on transaction revenue and the company’s ongoing lawsuit with the SEC. Coinbase (COIN) shares rose 2.5% in pre-market trading on Friday after Wall Street giant Bank of America (BAC) upgraded the shares to neutral from underperform. The investment bank raised its Coinbase price target to $217 from $110. The stock was trading around $204 at…

RegulationMay 19

DWF Labs Announces the Listing of 7 Exclusive Trading Pairs on DWF Liquid Markets

DWF Labs, a prominent cryptocurrency market maker and Web3 investing firm, has recently announced new token listings. As per the announcement, the platform mentioned 7 trading pairs that it is listing on its project DWF Liquid Markets to provide users with more trading options. The company disclosed the news of this move on its official account on X. Good news is coming! New listings are available on DWF Liquid Markets. 🔥 The trading pairs available are: – AXL/USDT (@axelarnetwork) – DECHAT/USDT (@dechat_io) – AIOZ/USDT (@AIOZNetwork) – MBOX/USDT (@MOBOX_Official) – ZKB/USDT (@ZKBaseOfficial) – ZCX/USDT (@unizen_io) -… pic.twitter.com/NbgNQKINqH — DWF Labs (@DWFLabs)…

AltcoinsMay 19

Senate predicted to overturn SAB 121 in vote Thursday, Hill sources say

The US Senate plans to vote on Joint Resolution 109 on Thursday, and sources on and around Capitol Hill say they believe the measure will draw enough Democrat support to pass. Joint Resolution 109, which passed the House of Representatives last week with bipartisan support, aims to invalidate the Security and Exchange Commission’s controversial Staff Accounting Bulletin (SAB) 121. SAB 121, introduced in March 2022 and enacted the following month, states that digital asset custodians should report a liability and “corresponding assets” on their balance sheets for all custodied cryptocurrencies. While not an official agency rule, which would have required…

LegalMay 19

$50 Million BTC Movement Experienced!

The decline in Bitcoin and altcoins, which started after the tension between Iran and Israel at the weekend, continued during the week and BTC dropped below $ 60,000. While this decline made some investors nervous and caused them to stay away from the market, some investors turned the decline into an opportunity and increased their purchases. Lookonchain also shared two whales that turned the decline into an opportunity. Accordingly, the whale, which has collected a total of 3,760 BTC worth approximately $ 242.55 million since March 21, again made a significant purchase from Binance. Finally, the average purchase price of…

BitcoinMay 19

Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end

Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates — could also lead it to approve spot Ethereum ETFs. Han said there is “room for surprise to the upside on this decision,” both on prediction markets and in the fact that Grayscale Ethereum Trust is trading at a 24%…

EthereumMay 19

GameStop Tanks 26% After Company Files to Sell 45 Million Shares

Video game store turned meme stock GameStop has filed to sell up to 45 million of its GME shares. This move will see the total number of shares increase by as much as 15%. This comes the same day that GameStop filed its preliminary Q1 results which revealed that net sales have decreased 30% compared to last year. That said, the company’s net loss is expected to be up to $23.5 million less than last year, although this could still leave GameStop with a net loss of up to $37 million. If GameStop is able to sell 45 million shares…

RegulationMay 19

QUBIC price jumps 21% as analyst predict massive 1000x gains

QUBIC, the native token of the L1 blockchain Qubic, has surged by 21% in the last 24 hours as analysts predict a 1000x potential rise in an anticipated altcoin season. At the time of writing, QUBIC is trading at $0.000007 with a 24-hour trading volume of 2.60 million, up 84.5% as per data by CoinMarketCap. The asset has a market cap of $616.33 million. QUBIC 24-hour price chart | Source: CoinMarketCap Qubic is an open-source, community-driven project focused on developing artificial intelligence (AI) infrastructure through a decentralized network. Led by founder Sergey Ivancheglo, the platform introduces novel concepts like useful-Proof-of-Work…

AltcoinsMay 19

It’s time to overturn SAB 121

Gary Gensler’s Securities and Exchange Commission has made a name for itself with its hostility towards cryptocurrency. Time after time, over the last few years, his agency has repeatedly thrown up roadblocks to the common-sense regulation of digital assets and overstepped its regulatory authority. One of the SEC’s most detrimental actions on digital assets came in the form of a seemingly innocuous memo known as Staff Accounting Bulletin 121 (or SAB 121). SAB 121 is significant because it requires publicly traded banks to place digital assets on their balance sheet. This change contradicts a basic rule of bank custody: that…

LegalMay 19