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.

Examining whether ETH can maintain momentum against BTC in December

EthereumDec 1

Ethereum outperformed Bitcoin in November 2023. The rise has come to 13% and 8%, respectively. Thereby, it marked a positive margin of 5% against the most dominant digital token. Many consider ETH the next BTC, primarily due to its utilities. Bitcoin, on the other hand, has driven its growth on the principle of working as a store of value. Members and cryptocurrency enthusiasts have reacted favorably to all prospects who have pledged to bring them bigger returns. However, there may come a day when the community is divided over whether to use Ether or Bitcoin. There is no doubt that…

Bitcoin Price Breaks Above $38,000, These Are The Reasons

BitcoinDec 1

The Bitcoin price has risen above $38,000 in the last few hours, and for the first time this year closed a 4-hour candle above this crucial price level – a very bullish sign that BTC could rise further. These are reasons behind BTC’s latest price surge: #1 Anticipation Of Spot Bitcoin ETF Approval The recent uptick in the Bitcoin price can probably be attributed in part to developments around the potential approval of a spot Bitcoin ETF. Bloomberg ETF analyst James Seyffart stated on X, “Okay the window for potential spot Bitcoin ETF approval is looking like it’s gonna be…

A New Player Just Joined The Game

BitcoinNov 30

In the ongoing Spot Bitcoin ETF mania, Pando has joined the race aiming to seize the opportunities that may arise following the potential approval of BTC Spot ETFs by the US SEC. Pando Submits Spot Bitcoin ETF Filing Switzerland-based asset management company, Pando Asset has become the latest entrant into the Spot Bitcoin Exchange Traded Fund (ETF) race. The investment firm officially submitted its Spot BTC ETF filing to the United States Securities and Exchange Commission (SEC) on November 29. The news of the late filing comes as a surprise to the crypto space, as the final dates for the…

Bitcoin 65% Crash Possible? $54 Million In Buy Orders Pile Up At $12,000

BitcoinNov 30

Bitcoin is still trending at a reasonably high price, especially after falling below $15,000 in 2022 following the FTX collapse. Given its rise since then, investors have turned bullish, expecting the start of another bull market. However, not all investors have bought into this bullish narrative for Bitcoin and this is evidenced by the amount of buy orders sitting at prices more than 65% below its current value. 4,500 BTC Bids At $12,000 In an interesting turn of events, a developer has revealed a massive buy wall waiting in the expectation that the Bitcoin price will crash further. One X…

Pando Asset files a new application for spot Bitcoin ETF

BitcoinNov 30

Pando Asset, a Switzerland-based company involved in asset management, has filed an S-1 form with the Securities Exchange Commission (SEC) regarding consent for a spot bitcoin ETF. While awaiting approval, the Pando Asset Spot Bitcoin (BTC-0.70%) Trust will continue to carry out trading on the Chicago Board Options Exchange, the custodian being Coinbase. In the case of bitcoin pricing, the filing states the utilization of CME’s CF Bitcoin Reference Rate. Pando remains providing exchange-traded items that keep a close watch on the prices of prime cryptocurrencies in terms of European traders who are on the SIX Swiss Exchange, as per…

BlackRock revises its SECNasdaq Bitcoin Spot ETF proposal

BitcoinNov 30

BlackRock has revised its proposal for the Bitcoin Spot ETF. The aim is to attract investors and balance the preferences of the SEC. BlackRock has been trying to enable trading in actual BTC; however, the SEC has sought caution in approving any such requests. The idea is to not link the product with the volatility of the crypto market. The in-kind Bitcoin Spot ETF, Exchange Traded Funded, has been revised to ensure that traders can directly trade Bitcoin without relying on futures as other cash-based ETFs do. The proposal is currently before the SEC and Nasdaq. It comes after the…

Abu Dhabi authorizes the IOTA ecosystem DLT Foundation under ADGM

BlockchainNov 30

IOTA Foundation has announced that it will now work with relevant authorities in Abu Dhabi, UAE, to boost its digital infrastructure. ADGM, an acronym for Abu Dhabi Global Market, has now registered the Foundation. This makes the IOTA Ecosystem DLT Foundation the first such player to have received approval. The Foundation currently aims to achieve community-driven projects, regulatory synergy, and the expansion of the IOTA protocol. Moreover, the IOTA Foundation will look to bridge the gap between the real world and the digital world. The development comes days after the IOTA Foundation announced its plan to grow across the globe.…

Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time

BitcoinNov 30

Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run. A Powerful Bull Market Indicator In a post shared on his X (formerly Twitter) platform, Jelle explained one of the “most powerful bull market indicators” that could help traders understand the direction of the market. This was based on how to use moving averages (MAs) for trade entries and…

Hedera boosts proof of concept to automate RECs for its partners

BlockchainNov 30

Hedera has announced that it will assist EDF, REDEX, and Rekursive Labs in leveraging its potential pertaining to proof of concept, further helping them to automate the issuance and redemption of RECs, Renewable Energy Certificates which represent one’s power consumption. RECs work on a simple principle of tracking the power consumption against renewable energy. The market, in its overall essence, is worth approximately $19 billion. Utilizing PoC is expected to revolutionize the segment by making the market more transparent and efficient. As for individuals, securing the REC is a tag that clarifies to the entire market that their power consumption…

Kiyosaki continues cheerleading for Bitcoin: Should you buy BTC?

BitcoinNov 30

Robert Kiyosaki is an investor, educator, entrepreneur, and a popular author of one of the best-selling finance books of all time, Rich Dad, Poor Dad. He is a common guest on many media outlets and hosts the podcast Rich Dad Radio Show, where he and his guests discuss matters related to finance and banking of the global economy. Kiyosaki strongly advocates entrepreneurship and has established an empire of financial education through courses, coaching, and board games. He plays a pivotal role in the financial and investment space. He has reiterated his support for digital assets such as Bitcoin as rising…