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.

Analyst Sees Bitcoin Move To $69,000 As Cup And Handle Pattern Appears

BitcoinDec 13

Bitcoin saw a rather rapid correction at the start of the week which brought it back to the $40,000 level. This correction understandably shook up some investors in the market, who rushed to panic sell in order to avoid more losses. Once the selling began to die down, the price of the cryptocurrency has been on a slow but steady recovery. Amid this, one crypto analyst has predicted that there could be further upside to come for Bitcoin. Bitcoin Price Could Retest $69,000 Currently, $69,000 is the holy grail when it comes to price targets for Bitcoin because this remains…

Bitcoin Sees Surge In Whale Activity, Will This Affect Price?

BitcoinDec 13

Recent reports have revealed that Bitcoin (BTC) is experiencing a significant surge in whale activity, which has since caused quite a stir in the entire crypto community. Bitcoin Experiences Surge In Whale Transactions According to Whale Alert, Bitcoin has been displaying a surge in whale transactions over the past 24 hours. The crypto tracker recently revealed several whale transfers from unknown wallets to crypto exchanges such as Binance and Coinbase. The report shows that Binance amassed a whale inflow of over $67 million from the transfers. Meanwhile, Coinbase amassed a whale inflow valued at over $310 million from the transfers.…

European Central Bank president says her son lost 60% of his investments trading crypto

RegulationDec 13

European Central Financial institution President Christine Lagarde revealed that her son misplaced cash investing in cryptocurrency, in keeping with Reuters on Nov. 24. Lagarde stated that her son misplaced “virtually all” of his investments by buying and selling cryptocurrency towards her warnings. Throughout an occasion, she stated: “He ignored me royally, which is his privilege … And he misplaced virtually all the cash that he had invested. It wasn’t quite a bit however he misplaced all of it, he misplaced about 60% of it … So after I then had one other discuss with him about it, he reluctantly accepted…

a ready-to-use user ID solution

BlockchainDec 13

Ankr has successfully released Ankr Verify to provide blockchains and decentralized applications the option of identifying the necessity of entering and utilizing through zero knowledge user identity authentication. Eclipse and Mina Protocol use the technology to further user exposure and adherence to Web3 applications on their networks. Businesses will be able to live up to the KYC demands of their countries without compromising user privacy Ankr Verify allows blockchains and Web3 applications to authenticate user data and ensure it complies with the rules. Critical data is kept out of reach. This is made achievable via zero-knowledge cryptography. Users will gain…

Glassnode’s Fair Value Models Puts The Crypto At $36,000

BitcoinDec 13

Bitcoin seems to be undergoing a period of consolidation and profit-taking after eight weeks of phenomenal price growth. The world’s largest crypto has had incredible growth this year, with a special surge starting in the middle of October. However, after hitting a yearly high of $44,500 on December 8, the price of Bitcoin has pulled back about 6% as some investors look to be taking profits. According to on-chain data provider Glassnode, several of its on-chain pricing models suggest Bitcoin’s fair value is currently between $30,000 and $36,000. Bitcoin’s Price Rally Pauses As After A Resistance At $44,500 Bitcoin’s price…

Here’s How Much You Would Have If You Bought Bitcoin When Jim Cramer Said Sell

BitcoinDec 13

Jim Cramer, the host of CNBC’s Mad Money show, has come to be known in Bitcoin circles for his constantly wrong predictions about the asset. Cramer has, at various points, called for investors to sell their Bitcoin but with the crypto’s price continuing to go up after his calls, here’s how much Bitcoin has gained since Cramer last called for a BTC sell-off. Counter-Trading Jim Cramer’s Advice On Bitcoin Back in 2022 when the FTX crypto exchange collapsed and filed for bankruptcy, the Bitcoin price had fallen more than 50% to trade below $15,000. This crash took place in November…

A Week's Surge Crumbles in a Blink of 20 Minutes

BitcoinDec 12

After hitting $43,000 last week, Bitcoin traded just below it over the weekend. But the price of the cryptocurrency dropped significantly on Tuesday, reaching $41,800. Following Bitcoin’s December surge, investors chose to take profits, which led to this fall. There was a significant decline the night before, with Bitcoin momentarily falling as low as $40,300. Due to the decline, the top cryptocurrency in the world had almost a week’s worth of gains erased in only 20 minutes on Sunday night. According to statistics from TradingView, Bitcoin saw a dramatic 7% decline at approximately 9:00 p.m. Eastern Time, falling from above…

BSC records the highest number of transactions processed

BlockchainDec 12

BNB Smart Chain, largely identified as BSC, processed 32 million transactions. This has set a new record not just for the BNB Smart Chain but also for the industry. It has been defined as a benchmark in terms of processing the best daily transactions. The figure is way more than its previous ATH number of transactions. The traffic was recorded between 2:00 am and 5:30 am UTC. The 3.5 hours of traffic on the network has proved how resilient the chain is and how well it has been crafted to handle the workload. It was a real-time stress test with…

El Salvador plans to issue Bitcoin Volcano Bonds in Q1 2024

BitcoinDec 12

The long-awaited Bitcoin bonds in El Salvador have gradually come closer to reality as it received regulatory approval to issue Bitcoin bonds in early 2024, according to a popular Bitcoin-powered office’s post earlier this week. Bitfinex Securities, a regulated subsidiary of the well-known cryptocurrency exchange Bitfinex, is all set to list the Bitcoin bonds. El Salvador’s National Bitcoin Office published an announcement on its X official website. The Volcano Bond received regulatory approval from CNAD (the Digital Assets Commission) and is expected to be issued in the first quarter of 2024. The post was later confirmed by President Nayib Bukele,…

Crypto Expert Explains Why The Bitcoin Price Crash To $40,000 Is Not A Bad Thing

BitcoinDec 12

A crypto expert has explained why a Bitcoin pullback (possibly to around $40,000) isn’t a bad thing. This comes as there is a growing concern that the flagship cryptocurrency could soon lose all the gains it has achieved in recent times. A Bitcoin Correction Is Necessary In a post on his X (formerly Twitter) platform, William Clemente, the co-founder of Reflexivity Research, suggested this correction was necessary as it would “shake out “weak hands” and leverage, allowing for a stronger foundation for eventual moves higher.” He further mentioned that Bitcoin’s volatility “is a feature, not a bug.” He made this…