Author: NBTC

Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, and equipment (PP&E) expenditure since Q1 2022 with over $3.6 billion spent on mining upgrades. The bulk of the PP&E spending was on modifications to mining hardware, including the acquisition of new mining sites and technology. This ongoing investment in hardware and infrastructure is in line with…

BANGKOK – Coinbase’s Base blockchain launched in August 2023, and grew with the power of memecoins like BALD, a reference to CEO Brian Armstrong’s bare scalp. But the protocol’s creator says there’s more to the story than silliness. “BALD caught us all by surprise. You know, this was before the public launch of Base. It was when it was just open for developers,” Jesse Pollak said during an interview on the sidelines of Devcon in Bangkok. “I remember waking up on Saturday morning and being like, what is going on? It was not in our plan, and it happened.” BALD…

Tesla’s latest Bitcoin transfer sparked speculation within the cryptocurrency community after Arkham data revealed unusual wallet activity on Wednesday. The funds were moved to a new wallet rather than a trading platform, easing initial concerns about large-scale Bitcoin sales. Neither Tesla nor CEO Elon Musk has commented on the transfer, but more details are expected when Tesla releases its third-quarter earnings report early next week. CryptoQuant community analyst Maartunn offered several potential explanations for Tesla’s Bitcoin transfer, highlighting compliance, wallet management, and restructuring as the most likely reasons: Compliance or Internal Audit: Tesla may be transferring Bitcoin to meet legal…

As investor interest in the largest altcoin Ethereum increases, there are also positive movements in the price. At this point, analysts predicted that the ETH price could rise above $4,000 amid increased investor interest and more favorable crypto regulations expected in 2025. Ethereum Price Will Hit $4,000 by January 20! According to a report by analysts Block Scholes and Bybit Analytics, the Ethereum price is expected to surpass $4,000 by January 20, 2025. This is happening thanks to increased investor interest and optimism about regulatory changes. Analysts also said that open interest in Ethereum has increased significantly and has overtaken…

Volatility Shares, a financial firm known for its novel exchange-traded funds, is launching a new line of ETFs. The financial instrument, using a one-plus-one model, will give investors 100% leveraged exposure to two distinct assets simultaneously. This novel product structure combines major asset classes like cryptocurrencies, equity indices, and volatility measures. It offers portfolios such as BTC+ETH, Nasdaq+ETH, S&P+BTC, S&P+ETH, S&P+Nasdaq, and S&P+VIX. Volatility Shares Introduces Diversified Exposure to ETFs According to Eric Balchunas, an ETF specialist at Bloomberg Intelligence, the one-plus-one ETFs are reminiscent of “Return-Stacked ETFs.” They use leverage to maximize exposure without requiring additional capital from investors.…

At the time of this writing, Shiba Inu (SHIB) was trading at $0.00001691, corresponding to a 4.75% plunge within the past 24 hours. While this price action signals an incoming bearish twist, a few positive sentiments in the Shiba Inu ecosystem indicate a possible recovery. SHIB burn rate and Shibarium daily transactions on rise Data from Shiba Inu’s dedicated burn tracker, Shibburn, shows this metric increased by 114.36% in the last 24 hours. This led to the incineration of 9,071,593 SHIB. As a result of this burn rate, 410,731,258,074,742 is now destroyed from Shiba Inu’s initial supply. Similarly, Shibarium Scan…

Terminus has officially announced its partnership with PoP Planet (PoP). This collaboration aims to transform the Web3 landscape by merging decentralized user data with advanced payment solutions. This announcement was made public via Terminus official X account. 🌐 Partnership Alert! 🚀Terminus 🤝 @Hi_PoPPOfficialPoPP’s decentralized user data protocols join forces with Terminus’ Universal Payment System to drive the transformation of the Web3 ecosystem. This collaboration integrates PoPP’s social value data with Terminus’ seamless… https://t.co/9zx9R0qs3q — Terminus (@terminus_pos) November 27, 2024 PoP Social Data Protocols Drive Web3 Growth with Terminus PoP enters the mix with its new social value data protocols. These…

Earlier this week, the well-known entrepreneur and investor Vinny Lingham, originally from South Africa but now based in the U.S., sparked a conversation on X by sharing his thoughts about Microstrategy. This company holds an enormous amount of bitcoin on its balance sheet. Lingham suggested that Microstrategy could potentially cause harm to bitcoin, possibly even more than the damage done by FTX. The ‘Oracle’ Vinny Lingham Highlights Potential Dangers in Microstrategy’s Bitcoin Holdings Over the past year, Microstrategy has thrived, now boasting over 250,000 BTC in its reserves. Since Jan. 1, the company’s stock has soared by more than 179%,…

Former Coinbase CTO Balaji Srinivasan has proposed a bold new concept called “Zethereum,” which he believes could transform Ethereum by adding advanced privacy features. Sharing his ideas on X, Srinivasan detailed how a pseudonymous developer, whom he refers to as “Zatoshi,” could achieve this through smart contracts incorporating zero-knowledge (ZK) technology. While it resembles Bitcoin’s Satoshi, he explained how the network dynamics will be different. Balaji Srinivasan Reveals Bold Idea for Ethereum Revolution Srinivasan suggested that Zethereum would function as a “newly legal Tornado Cash,” referencing the recent court ruling that deemed the Ethereum-based privacy tool not unlawful. He described…

Despite widespread acknowledgment that MicroStrategy has issued a tremendous amount of debt to acquire most of its bitcoin, some star-struck novices believe that billionaire CEO Michael Saylor has no liquidation risk on this debt. Although the nuances of the term ‘liquidation’ are important, there are people who honestly believe that MicroStrategy cannot default on its debt no matter how low the price of bitcoin goes. That is not true. There is no free lunch on Wall Street. Lenders to MicroStrategy do have a risk of default. Specifically, they are loaning USD to MicroStrategy and expect USD or USD-equivalent repayment. Even…