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.

Here’s why Bitcoin is likely to hit another record high by the end of March

After Bitcoin (BTC) attained an all-time high of above $73,000, the market has been on edge regarding the next step for the maiden crypto. Indeed, a section of the market anticipates that Bitcoin might be experiencing a pre-halving retracement after falling from the record high to around $65,000 within hours. Amid the anticipation, crypto trading expert Trading Shot has observed that based on technical indicators, Bitcoin is likely to see another all-time high by the end of March. In a TradingView post on March 15, the analyst pointed out that the drop to $65,000 saw Bitcoin breaking below the four-hour…

BitcoinApr 16

"They Sold Bitcoin, Ethereum and Solana, Invested in Three Different Altcoins!"

Following the tension between Iran and Israel over the weekend, there were sharp declines in Bitcoin and altcoins. While BTC dropped to $60,700, altcoins also experienced major losses. While BTC and the market were slowly recovering after the sharp decline over the weekend, CoinShares published its weekly cryptocurrency report. Stating that cryptocurrency investment products experienced small outflows of $126 million last week, Coinshares said that the positive price momentum has stopped. “Cryptocurrency investment products saw small outflows of $126 million last week. “Investors appear hesitant as positive price momentum has stalled.” Ethereum (ETH) and Solana (SOL) Sales Continue! When looking…

MarketsApr 16

Over 12K Addresses Now Hold At Least 1B SHIB Despite Market Turbulence

Shiba Inu remains a favorite among crypto proponents, with over 12,000 addresses holding at least 1 billion SHIB despite the current market challenges. The crypto market is currently facing turbulence this month as a result of a correction that has sent prices down. Bitcoin (BTC), the leading crypto asset, collapsed below the $65,000 on April 3 but subsequently recovered. Despite the recovery, its bearish trend has impacted all other assets, including Shiba Inu. SHIB equally slumped to the $0.000025 low on April 3 before it recorded a recovery push. Much like Bitcoin, Shiba Inu remains in bearish territories despite recovering…

AltcoinsApr 16

DOJ considering new law firm as monitor for Binance amid FTX ties

The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX. According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions regulations. The role was part of an agreement with both the Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN). However, the decision has been stalled due to concerns over Sullivan & Cromwell’s previous association with FTX. The law firm’s role in handling FTX’s…

RegulationApr 16

Hong Kong Boards the ETF Express

Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), according to local reports. It’s the latest signal of the increasing institutionalization of the world’s leading crypto assets, and perhaps a harbinger of things to come in mainland China, which banned virtually all crypto activity in 2021. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. ChinaAMC, Harvest Global and Bosera International are among the asset managers granted licenses to launch these spot…

ExchangesApr 16

The Enigma Behind Bitcoin’s 14th-Largest Holder

A Bitcoin (BTC) whale known as “Mr. 100” has captured the attention of the crypto community in recent days. The enigmatic individual has amassed a staggering 52,996 Bitcoin, worth over $3.5 billion, making them the 14th-largest holder of the digital currency. On March 15, the whale purchased at least 1,000 Bitcoin, which accounted for 52% of the total 1,907 BTC bought by the top 10 Bitcoin exchange-traded funds (ETFs), sparking speculation about the true identity of Mr. 100. Mr. 100 Consistently Receives Bitcoin Interestingly, the wallet associated with Mr. 100 has been consistently receiving Bitcoin since November 2022, around the…

BitcoinApr 16

How Investors Should Handle Celsius in Their Tax Returns This Year

Failed crypto lender Celsius began issuing refunds in early 2024. But, from a tax perspective, the matter remains unresolved. The lack of clear IRS guidance has left many investors puzzled about how to address these refunds. At first glance, since investors have only received partial refunds so far (and even under the full restructure plans would only receive up to a 79.20% recovery), many would assume that they’d be able to finally realize losses from their investments after the platform abruptly halted transactions and held user funds back in 2022. But it’s not quite so clearcut. Michelle Legge is a…

MarketsApr 16

Shiba Inu Records Remarkable Growth in Social and Market Activities in Six Months

The spotlight shines on Shiba Inu (SHIB) following its remarkable performance in terms of social and market activities over the past six months. Leading canine-themed cryptocurrency Shiba Inu (SHIB) has attracted the attention of the broader crypto community with its incredible growth over the past six months. Data from the prominent social intelligence platform LuarCrush shows that Shiba Inu soared tremendously in social and trading metrics during this period. Shiba Inu’s Social Metrics Notably, the metrics where Shiba Inu recorded significant growth under the social category include creators, interactions, social media posts with interaction, posts created, and social dominance. While…

AltcoinsApr 16

El Salvador to Continue Buying Bitcoin Until it Becomes ‘Unaffordable’

El Salvador’s President Nayib Bukele reaffirmed the nation’s daily dedication to purchasing one Bitcoin. Bukele disclosed the transaction receipt for the day’s purchase, reflecting the country’s ongoing commitment to this initiative. One Bitcoin a Day Proving Successful In November 2022, Bukele announced a dollar-cost averaging (DCA) plan for El Salvador. At the time, he committed to purchasing one BTC per day as part of the country’s pro-crypto policy. Despite facing initial criticism from various international financial organizations due to the bearish performance of the crypto market at the time, the decision has proved to be a strategic success. The recent…

BitcoinApr 16

Free Money? Polymarket Bet Pays 8% if China Doesn't Invade Taiwan

Which pays more: a two-year Taiwanese government bond, or a prediction market contract about the potential invasion of Taiwan by China? Turns out it's the prediction market contract. "No" shares on crypto-based platform Polymarket are trading at 92 cents, which means that should China not invade Taiwan by the end of the year, holders get an 8% return on their money. In comparison, a two-year bond from its central bank is paying just over 1.26%. Read more: Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets Government bonds have historically been a bet on the future prospects of…

MarketsApr 16