Author: NBTC

Bitcoin mining firm Bitfarms announced today it has completed its acquisition of Stronghold Digital Mining, securing a 1.1 gigawatt growth pipeline across three sites in Pennsylvania and expanding its presence in the PJM market. Under the terms of the agreement, Stronghold shareholders received 2.52 Bitfarms shares for every share of Stronghold stock they owned. Stronghold also ceased to exist as an independent, publicly traded company. The entity became a wholly-owned subsidiary of Bitfarms. This means Bitfarms now controls all of Stronghold’s assets and operations. Its stock was removed from the NASDAQ exchange. The acquisition increases Bitfarms’ energy portfolio to 623…

Leading cryptocurrency Bitcoin (BTC) has been relatively stagnant in February, trading below $100,000. Despite Bitcoin’s stagnant trend, investors’ bullish expectations remain alive. According to option data, investors continue to place bullish bets. At this point, according to Amberdata, the $110,000 call option was the most preferred option by investors on Deribit this month. The $110,000 call option expiring on March 28 was the most popular option among investors, with buyers paying over $6 million in premiums for bullish calls, the data showed. Speaking to Coindesk, Amberdata derivatives director Greg Magadini said that the most active trade was the $110,000 option…

Kyrgyzstan launched USDKG, a gold-backed stablecoin, shifting focus from central bank digital currency (CBDC) to asset-backed digital alternatives. USDKG aims to build trust with gold reserves, offering an alternative to fiat-backed stablecoins and increasing financial security. Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin that is fully backed by the government. This decision not only marks a change in the nation’s emphasis from developing a central bank digital currency (CBDC) to something more pragmatic and maybe more stable, but it also concerns creating a new digital currency. Given the general uncertainty about crypto rules, Kyrgyzstan’s action is possibly rather audacious.…

IOTA’s latest integration enables a single transaction to call up to 1023 Move functions pending the much anticipated Rebased Protocol. An analyst has observed that the integration of MoveVM and EVM puts IOTA in the same category as Aptos and Sui. Pending the upcoming mainnet launch of the IOTA Rebased Protocol, a fresh integration has been made to ensure that a single transaction can call up to 1024 Move functions. According to the report shared on X, the Programmable Transactions would have two key concepts – Inputs and Transactions. Source: IOTA Meanwhile, IOTA expects all objects to be fully resolved…

The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club and CryptoPunks NFT collections. The company announced this development in a statement, marking a significant shift in the SEC’s approach to digital assets. Yuga Labs confirmed that the probe had ended without any enforcement action, reinforcing the stance that NFTs are not securities. This decision follows a series of cases dropped by the SEC against major crypto firms, reflecting a broader regulatory shift under the new administration. Yuga Labs Investigation Concludes Yuga Labs revealed the SEC’s decision…

Bitcoin’s hashrate has bounced back impressively after dipping to 752 exahash per second (EH/s) on Feb. 25, now climbing to 819.65 EH/s, even as earnings took a notable hit in March. Earnings Drop, Hashrate Rises The network’s computational strength has strengthened, currently sitting over 67 EH/s above its Feb. 25 low. At that time, the hashrate hit 752 EH/s, but as of now, it’s holding steady at 819.65 EH/s, based on data tied to the seven-day simple moving average (SMA) according to hashrateindex.com. Right now, the hashrate sits about 30 EH/s below its peak high, which was hit on Feb.…

Bitcoin is the largest and original cryptocurrency which represents the entire crypto market. From the humble beginnings of valued at less than $1, it is now playing around the $100,000 price level. A flood of Bitcoin ETF approvals reported in Q1 2024 marked a crucial milestone in the history of Bitcoin and the crypto world. Bitcoin ETFs enhance BTC adoption and offer a convenient way to invest in Bitcoin without directly buying it. Whether you are a beginner or a professional investor, learning Bitcoin ETFs is a must for you. The present article gives a deep insight into everything you…

Most DeFi projects are built on the Ethereum blockchain. These projects are redefining the way Ethereum operates. As more people use these decentralized platforms, they not only help to burn ETH from circulating supply, but they also assist in driving up ETH’s price and demand. Today, data reported by Phoenix Group highlighted major DeFi projects that made massive contributions to Ethereum burning over the past week (from Saturday, March 8 to Saturday, March 15). TOP #ETHEREUM BURNER #DEFI PROJECTS#Gnosis $GNO #Metamask #Aave $AAVE #Uniswap $UNI #1INCH #Pendle #0xProtocol $ZRX #Paraswap #KyberSwap #Chainlink $LINK pic.twitter.com/23sT4ZPbu8 — PHOENIX – Crypto News &…

The World Liberty Financial (WLF) DeFi project, backed by President Donald Trump, has been on an altcoin buying spree in recent months, raising questions about its motives. In the first week of March, WLFI reportedly bought over $20 million worth of crypto assets, including $10.1 million worth of Ether (ETH), $9.9 million of Wrapped Bitcoin (WBTC), and $1.68 million of Movement Network’s MOVE token. Context: Even Larger Purchases However, these recent purchases are just a small part of the DeFi project’s overall crypto holdings. The newly launched organization made even more significant purchases in the past. According to reports, WLF…

World Network has made its formal debut in the Philippines, a nation well-known for its extensive use of social media and AI adoption. In a Feb. 17 announcement, Worldcoin (WLD) revealed that Filipinos will soon be able to access World ID, a service that has already been adopted by more than 23 million people globally. World ID is designed to offer users a safe and anonymous way to verify their online identity, ensuring a secure digital experience. After initially being made available in a few places in Bulacan, World ID will soon be introduced nationwide. It is anticipated that World…