Author: NBTC
Shares of major publicly listed Bitcoin (BTC) mining companies tumbled this week as the oldest cryptocurrency continued its retreat below the critical $90,000 threshold. Widening net losses and increasing competition led the worst-performing stock to lose nearly 30% in a single day. Industry leaders were also unable to resist the negative trend, as the index tracking the condition of BTC mining stocks dropped to its lowest levels since September 2024. Cipher Mining Inc. (NASDAQ: CIFR) shares declined despite reporting fourth-quarter net earnings of $18 million, or $0.05 per diluted share. The company’s adjusted earnings reached $51 million ($0.14 per diluted…
Adam Back, cypherpunk, Satoshi Nakamoto ally and Blockstream CEO, has taken to his X account to comment on the Bybit exchange exploit as hackers drained an enormous $1.4 billion of the second largest cryptocurrency Ethereum from the trading platform. Analysts believe that Bybit was attacked by the infamous hacker group Lazarus based in North Korea. Adam Back bashes Ethereum as Bybit gets hacked Prominent cypherpunk and Bitcoiner tweeted that now that the EVM contract has been hacked once again, “Bitcoin dominance ratches higher.” He quoted his own tweet published earlier today, where he slammed Ethereum and its EVM (Ethereum Virtual…
Despite experiencing a 3.2% price decline to $0.2525, Tron (TRX) has emerged as the leading profitability cryptocurrency asset. IntoTheBlock data reveals that Tron leads with over 95% in terms of addresses in profit. This places the asset above notable rivals like Bitcoin, Ethereum and Cardano. Tron Outshines Bitcoin and Ethereum in profit metrics Tron’s addresses in profit amount to 156.16 million, representing 95.73%. These “In the Money” addresses, as tagged by IntoTheBlock, are currently raking in significant gains in the market. Meanwhile, only 1.15% or 1.88 million addresses are recording losses, or are “Out of the Money.” Among the top…
A huge amount of XRP – 29,532,534 tokens worth about $75.38 million – has just appeared on major U.S. crypto exchange Coinbase. The transfer, spotted by Whale Alert, came from an unknown wallet called “r9ZMd” and landed in a Coinbase address labeled “r4sR.” It is the kind of move that makes people stop and wonder: What’s going on here? When something like this happens, the first thought is usually – is this a sell-off? Big transfers to exchanges often mean someone is getting ready to cash out, which could drive prices down. But it is not always that simple. Then…
On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin’s price. Bitcoin Price Divide Prior to bitcoin reaching its all-time high of $108,364 per coin, the Coinbase premium and premium gap had largely stayed consistent and positive, with just a brief dip on Nov. 24–25. To clarify, the Coinbase Premium Gap index from Cryptoquant tracks the price difference between bitcoin (BTC) traded on…
Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, has recently criticized Ethereum following the significant security breach experienced by the cryptocurrency exchange Bybit. The hack resulted in the loss of over $1.4 billion in crypto assets, including 401,347 Ether and various staked Ether tokens. In a response to Arthur Hayes’ suggestion of a potential Ethereum rollback to address the breach, Hoskinson wrote “Ethereum Classic.” (Ethereum Classic)^2 🙂 https://t.co/JRpIrB9Yoa — Charles Hoskinson (@IOHK_Charles) February 21, 2025 He has previously described Ethereum as “a dumpster fire” and compared its potential decline to that of early internet platforms like MySpace and…
Ripple’s XRP displays recovery signals after significant declines, down 7% lower on the weekly chart. According to Coinmarketcap, the token’s trading volume exploded by 122% to $5.45 billion within the past 24 hours. That signals increased trader activity and boosted liquidity, confirming a potential comeback after recent struggles. Nevertheless, the surged trading volume coincides with significant rallies from Kitty Cup – an XRP Ledger-based meme coin. Kitty Cup drives XRP activity XRP’s surging trading volumes come as Kitty Cup- a meme token on the XRPL, record substantially rallies. The cat-themed coin gained nearly 90% from yesterday’s lows of $0.000614 to…
Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history. However, in mid-December, the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback — on December 20, as much as $310 billion in value stored in digital assets was erased. Things have improved somewhat since then — BTC has not reclaimed the $100,000 mark as of press time, but it has retraced back to…
Ethereum emerged top of the real-world assets table as the total value of assets under management grew by 10% in the past 30 days to $4.1B. Ethereum’s RWA market share also went up 3.39% to 54.5% as the number of RWA holders in the ecosystem increased 3.05% to 62.28K. RWA.xyz data also revealed that the number of RWA tokens issued on the Ethereum network had increased to 163. According to Christine Kim, the Vice President of Research at Galaxy Digital, 13 of the 20 financial institutions identified as having built crypto-specific infrastructure and applications were issuing RWAs on Ethereum and…
While the entire cryptocurrency segment is in the middle of a modest correction, the meme cryptocurrency segment has taken a hit. Its daily performance looks even weaker compared to the market benchmark, but ambitious newcomers bring some optimism. Meme coins lost 5% of market cap in 24 hours The segment of meme cryptocurrences is bleeding today, Dec. 30, 2024. Its aggregated market capitalzation plunged by almost 5%. Meme crypto market caps dipped below $105 billion, CoinGecko tracker says. Meanwhile, the market benchmark only lost 4.6% in the corresponding period. The top 10 largest meme coins are sending mixed signals to…