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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.

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

CleanSpark had just finished hailing the benefits of its purchase of a Wyoming crypto-mining site when the White House declared that the current operation was a national security threat that must be halted. The company says it was unaware of the order before buying the properties but intends to move forward with the acquisition. Order would mark first "the first presidential prohibition relying on the expanded authority over real estate transactions granted to CFIUS and the president." An American bitcoin mining company, CleanSpark (CLSK), got caught up in the U.S.-China political war after buying mining sites in Wyoming within close…

Mining

Veteran Trader Peter Brandt Hints at Major BTC Move Ahead

In his recent social media post, Legendary trader Peter Brandt teased the possibility of an incoming major price move for Bitcoin, hinting at the potential for a "pump" in the cryptocurrency's value. In a chart presented, Brandt identified a recurring pattern in Bitcoin's market behavior, which he breaks down into three phases: 1. Hump-Slump, 2. Bump-Rump, 3. Pump-Dump. This whimsical yet insightful characterization captures the cyclical nature of Bitcoin price movements. What say you?? $btc pic.twitter.com/IDvIpkZeER — Peter Brandt (@PeterLBrandt) April 18, 2024 While the current cycle has completed the two phases of hump-slump and bump-rump, the third phase remains…

Bitcoin

Dogecoin (DOGE) Creator Breaks Silence on Ethereum ETF

In a recent social media discussion, Dogecoin co-author Billy Markus gave his opinion on the upcoming SEC decision regarding Ethereum-based exchange-traded funds. Responding to a skeptical post about the fate of ETH ETFs, Markus expressed an equally pessimistic stance, implying that the current "compromised" state of the regulator holds little good for potential approval. i don’t think it’s that important personally the SEC is compromised anyway, nothing good will come out of it until the house is cleaned — Shibetoshi Nakamoto (@BillyM2k) May 15, 2024 This statement from Markus comes amid heightened expectations surrounding Ethereum's legal position as part of…

Ethereum

Nasdaq, After Pivoting Crypto Ambitions to Tokenized T-bills, Sees Staffers Exit Amid Delays: Sources

Stalled or canceled cryptocurrency projects at Nasdaq – including a previously unreported effort to tokenize U.S. Treasury bills – have led to members of the exchange giant's digital assets team no longer working at the company, according to three people with knowledge of the matter. In July, Nasdaq announced it would stop trying to become a licensed custodian of crypto or digital assets, blaming regulatory uncertainty in the U.S. It quietly shifted to the suddenly hot area of tokenizing T-bills, or creating blockchain-based versions of U.S. debt, according to a person familiar with the matter. But some Nasdaq crypto team…

Regulation

Filecoin releases key report summarizing its Q1 2024 performance

Filecoin recently shared its Q1 2024 report with the general public. The report showcased an overview of the network’s performance this year. According to the report, Filecoin’s storage market has grown remarkably in 2024. Its active deals have gone up 9% in the Quarter-on-Quarter analysis. Its utilization increased from 18% in 2023 Q4 to 23% in 2024 Q1. However, its storage capacity has dropped 14% based on the quarter-on-quarter analysis. Before the end of the latest quarter, Filecoin managed to onboard 2,000 clients. Of these, 508 have onboarded the large datasets (more than 1,000 TiB.) The number has also surged…

Altcoins

Will the Rise in Bitcoin Continue After the Halving? According to This Analyst, the Answer is "Yes!"

While Bitcoin, the leading cryptocurrency, was preparing for the halving event that will take place hours later, there were sharp declines last week. While these sharp declines and outflows in ETFs have partially overshadowed the sentiment towards the halving, the bullish expectation for the post-halving is that Bitcoin will exceed the highest level of the 2021 cycle even before the halving, reaching its all-time high above $ 73,000 in mid-March and attracting both institutional and institutional investors. It continues to be fueled by the increasing interest of individual investors. Speaking to The Block, Coincover Strategy Head Duncan Ash stated that…

Bitcoin

Why Did DeGods Leave Solana for Ethereum? 'I Was Just Being a Pussy', Says Founder

In a candid tweet Thursday, DeGods and y00ts NFT project founder Rohun Vora (aka Frank DeGods) took a critical look at his previous decisions, especially those made during tumultuous times for the well-known collections. His reflection sheds light on the pressures of community expectations and being a founder. “I used to try to move mountains to appease the community in times of chaos," he began. "Every single time it's backfired." Throughout the years as the leader of DeGods, he has made many decisions to try and please his holders and keep the buzz going. For example, the team went through…

NFT

Ethereum Flashing Bearish Signal, According to Crypto Analyst Benjamin Cowen – Here’s His Outlook

Widely followed cryptocurrency analyst Benjamin Cowen is warning that the price of Ethereum (ETH) could depreciate drastically. Cowen tells his 801,000 YouTube subscribers that Ethereum has fallen below the Bull Market Support Band (BMSB), an indicator consisting of a 20-week simple moving average and a 20-week exponential moving average used to determine whether the price of an asset is in bullish or bearish territory. “The last time that Ethereum fell below its Bull Market Support Band was actually about 30 weeks ago. Or the last time it was below its 20-week simple moving average was about 30 weeks ago. So…

Ethereum

Hedge Fund Nabbed Millions of GameStop, AMC Shares Before Meme Stocks Skyrocketed

New York-based hedge fund Renaissance Technologies went in big on GameStop before this week's crazy rally, acquiring over 1 million shares in the game store franchise as of March 2024, according to documents filed with the U.S. Securities and Exchange Commission. In the first quarter filing, Renaissance Technologies—an algorithm-based investment firm—said it held 1,004,958 shares of GameStop, valued at $12,582 at the time. GameStop (GME) has risen sharply in the last 72 hours since the apparent return of fabled trader Keith Gill, aka “Roaring Kitty,” sent traders into a frenzy. On Tuesday, the price of GameStop’s stock surged 130% to…

Regulation

Astar Network's New Grant Supports Emerging Tokens to Launch on Astar zkEVM

Web3 infrastructure platform Astar Network, with its origins in Japan and recent global expansion, is proud to announce the launch of the TGE Catalyst Grant in stablecoins. This program will help emerging tokens on the Astar zkEVM platform through the pre-token generation event (TGE) phase. This initiative offers a comprehensive assistance system to companies wanting to establish services on the blockchain, with the goal of breaking records for token launches inside the Ethereum Layer-2 ecosystem. Apply here. With the support of key partnerships with prominent CEXs like HTX, Gate.io, Bitget, MEXC, and Poloniex, the TGE Catalyst Grant expedites the listing…

Altcoins