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 miner Hut 8 doubles down on diversification, discipline around halving

Hut 8 looks to deploy its large stack of bitcoin holdings with “discipline” heading into the bitcoin halving while further diversifying its revenue streams, the company’s chief executive said. The company, which completed a merger of equals with US Bitcoin Corp last year, tallied $60.6 million in revenue during the second half of 2023. Net income was $6.2 million over that span. Nearly 70% of that revenue comes from crypto mining, CEO Asher Genoot said during the company’s earnings call Thursday. But Hut 8 seeks to further diversify its revenue streams across its managed services business, the CEO noted —…

MiningApr 2

Bitcoin Gained 36.85% in Last Month and is Predicted to Reach $ 79,502 By Mar 30, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 5.50% today against the US Dollar Bitcoin is currently trading 11.15% below our prediction on Mar 30, 2024 Bitcoin gained 36.85% in the last month and is up 153.12% since 1 year ago BTC price is expected to rise by 12.52% in…

BitcoinApr 2

Investment Advisory Firm Manager Suggests Fed May Raise Interest Rates

In the latest session of CNBC's 'Fast Money', Richard Bernstein's Michael Contopoulos joined investors to analyze the Fed's decision to keep interest rates steady. Contopoulos highlighted several factors contributing to the current economic landscape, including the recent bottoming of the Purchasing Managers Index (PMI), record-high stock market performance, significant Bitcoin liquidity, and continued increases in home prices. Despite the Fed's current position, he suggested that if certain economic data indicate that inflation is accelerating, the agency could change its strategy and consider raising interest rates over the next 12 months. The debate highlighted the prevailing bullish trend in financial markets,…

MarketsApr 2

Argentina Unveiled Mandatory Registry For Bitcoin And Crypto Platforms

With the anarcho-capitalist and libertarian leader Javier Milei taking power in Argentina in December 2023, many felt that his plans to rebuild the national economy and dollarize it would help Bitcoin BTC and cryptocurrencies adoption in the country. But after a few months of his government, more regulation is coming. In late March, the Comisión Nacional de Valores in Argentina announced a new mandatory Registry of Virtual Asset Service Providers for those operating with crypto assets in the country. Companies and individuals doing that activity now will be asked to comply with the registration approved on March 14 by the…

RegulationApr 2

Bitcoin Miner IREN's Stock Price Surges Ahead of Halving

British Columbia-based Bitcoin mining firm IREN's stock price is surging Monday ahead of the Bitcoin halving, and after the company said that it has fully funded its 2024 expansion plans that will more than double its computer fleet’s power to yield new units of the leading digital currency. In an investor update on Monday, the company confirmed that its current mining capacity of 8 exahashes per second (EH/s) would rise to 20 EH/s over the next nine months. Its data center capacity, which powers both Bitcoin mining and AI cloud services, will also more than double from 220 megawatts (200…

MiningApr 2

'The Recent Focus of the Market is Bitcoin ETF Flows!' Here are the Details

Coinbase (COIN) research report revealed that the cryptocurrency market is currently focused on spot Bitcoin (BTC) exchange-traded funds (ETFs) flows rather than fundamental factors. Crypto Market Tracks Spot Bitcoin ETF Flows Amid Net Outflows The report, released Friday, highlighted the first week of net outflows for newly approved ETF products in two months. Between March 18 and March 21, net outflows totaled $836 million, according to Coinbase. The acceleration of outflows coincided with Bitcoin falling below the $61,000 level last week, but it has since recovered and is currently trading at around $70,600. Analysts were surprised when outflows from Grayscale…

BitcoinApr 2

Liquid Restaking Total Value Locked Surpasses $8.4 Billion: Next Big Narrative?

The decentralized finance (DeFi) sector is witnessing a transformative trend, with liquid restaking tokens (LRTs) reaching a staggering total value locked (TVL) of nearly $8.5 billion. This surge highlights a broader narrative within the DeFi ecosystem, suggesting a shift in investment dynamics. Which Liquid Restaking Protocols Are Contributing to TVL Growth? Leading this charge is EtherFi, which alone commands a TVL exceeding $3.3 billion. Consequently, protocols like Renzo, Kelp, and Puffer are also experiencing unprecedented growth. Etherfi’s dominance, followed closely by Renzo with $2.2 billion and Puffer at $1.3 billion, signifies a robust market appetite for liquid restaking. Moreover, Kelp…

DeFiApr 1

Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study

Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto to fiat and vice versa. Traceability of Ownership Continuity Harder with Algorithmic Crypto Assets According to a study conducted by Owner One, ultra-rich families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%). This preference persists despite the challenges often encountered while…

MarketsApr 1

Elon Musk Triggers Reaction From XRP and Dogecoin Community With Intriguing Tweet

Elon Musk, the CEO of Tesla and SpaceX, has once again captured the attention of the cryptocurrency community, this time with a statement that has become iconic within the realm of digital assets. Musk, known for his penchant for memes and playful engagement, recently invoked the statement "The most entertaining outcome is often the most likely," which has sparked excitement among enthusiasts of XRP and Dogecoin alike. Tesla CEO's recent tweet, "The most entertaining outcome — as if we're in a soap opera — is the most likely," which contains an expression he has previously used about Dogecoin, has resonated…

AltcoinsApr 1

Bankman-Fried Worked on Math, Was Not a Predator: Lawyer

Sam Bankman-Fried, also known as SBF in the digital asset space, was sentenced to 25 years behind bars, and his defense attorney, Marc Mukasey, told the court that the disgraced crypto entrepreneur is “misunderstood” and wasn’t driven by predation or malice. According to the speech posted by Inner City Press on social media platform X (formerly known as Twitter), Mukasey said that Bankman-Fried did not want to “inflict pain on anyone in any way” and made “decisions with math in his head, not malice in his heart,” while adding: “He’s an awkward math nerd. He’s into veganism. He has an…

RegulationApr 1