Author: NBTC

Core Scientific, having sidestepped bankruptcy, remains optimistic about its business future despite a 4.4% decline in production in July. Crypto mining company Core Scientific says the future of its Bitcoin (BTC) mining business is “bright” as it migrates miners to dedicated sites and prepares to modify a “significant portion” of its infrastructure for high hosting performance computing services. The company is also gearing up for the integration of Block’s new 3-nanometer ASIC chip, slated for next year, per an. Aug. 5 press release. Core Scientific CEO Adam Sullivan highlighted the expansion would act as a “driver of significant miner refresh…

Although the price of Bitcoin has managed to climb back above the $60,000 mark, it continues to hover near a key support level, testing the nerves of crypto enthusiasts and traders alike. After several days of massive price action, culminating in yesterday’s rebound and the long-awaited greening of quotes, the crypto market has gone into its quieter trading mode, which means that its participants on both the bullish and bearish sides have taken a break to think about what’s next. Against this backdrop, new opinions and discussions began to emerge. John Bollinger, the legendary trader and creator of the popular…

While the risk of recession in the USA increases after the collapse in Bitcoin and global markets, investors expect the FED to hold an emergency meeting and cut interest rates before September. FED Interest Rate Cut Calls Are Increasing! At this point, as expectations increased, Wharton Professor Jeremy Siegel, who participated in the CNBC Squawk Box program, called for the FED to cut interest rates by 1.5%. According to Siegel, 0.75% cut in the FED emergency meeting; In September, another 0.75% cut should be made. Apart from Siegel, deVere Group CEO Nigel Green also stated in a note sent to…

Tether Treasury mints 1 billion USDT on Tron, adding to its 31 billion total this year, with historical trends suggesting potential short-term bullish signals for Bitcoin. Tether Treasury recently minted 1 billion USDT on the Tron Network, marking another event in its year-long pattern of large-scale stablecoin issuance. This latest minting occurred just about ten hours ago, following a similar event 30 days earlier. 7 hours ago, #TetherTreasury minted 1B $USDT on #TronNetwork again after a month.#TetherTreasury has minted a total of 31B $USDT in the past year!https://t.co/2wFo2DEvz3 pic.twitter.com/QP28G3GVqv — Lookonchain (@lookonchain) July 16, 2024 Over the past year, Tether…

An extraordinary reveal: Mining was never banned in China. Yes, you read that right. In fact, not only was it not banned, but Chinese miners are leading the world in innovative uses of Bitcoin mining. But what of this Reuters report and others that says it was banned? Let’s have a closer look. Yes, network hashrate dropped from 179.2 EH/s to 87.7 EH/s (a 51.1% drop) seemingly confirming that China banned mining. After all, China was according to Cambridge 46% of global hashrate the month prior to the “ban” (April 2021). So the figures roughly tally up with the thesis…

The German government continues Bitcoin (BTC) sales from where it left off. According to on-chain data and analysis platform Arkham Intelligence data, the address labeled as belonging to the German government made Bitcoin transfers again. Accordingly, the address belonging to the German government moved 750 BTC worth $46 million in about an hour. While BTC worth $30.85 million was transferred to another address, 250 BTC worth $15.4 million was transferred to Bitstamp and Kraken. The German Government currently holds 45,609 BTC worth $2.81 billion. The German Government also transferred 0.001 BTC to Flow Traders; this could be a test trade…

The global financial landscape is reeling from severe market turbulence, reminiscent of past crises like the COVID-19 pandemic. The market crash is largely fueled by growing concerns about a potential U.S. recession. These fears have not only rocked the U.S. banking sector but have also prompted swift action from South Korea in response to its own market plunge. U. S. bank stocks are down sharply in pre-market trading. JPMorgan Chase declined by 3.1% respectively, and other financial institutions including Citigroup and Morgan Stanley cut 1.6% each. Morgan Stanley dropped 3.7%, Citigroup fell 4.5% while Citigroup decreased by 4.4%. These declines…

JASMY promises control over personal information, making data security a standard, not a luxury. JASMY partners with tech giants to redefine data management for IoT and beyond. JASMY’s secure tokens transcend digital assets, forging alliances to enhance security. In a world where data security is paramount, JASMY stands out as a game-changer. Imagine having full control over your personal information, where data security is no longer a luxury but a standard. Welcome to the future with JASMY, a promise of security, trust, and digital freedom. In this era where data is akin to wealth, JASMY empowers you with control. Through…

Polymarket users believe that there is a 55% chance of the U.S. Federal Reserve implementing an emergency rate cut. Earlier today, the Japanese stock market endured its worst crash since 1987, with Japan’s flagship Nikkei 225 index collapsing by more than 12%. This came after the Bank of Japan made a hawkish turn, raising the key interest rate and strengthening the yen. South Korean stocks have also suffered their worst plunge since 2008. U.S. stocks are also under severe bearish pressure. The S&P 500 index opened 4.2% lower. Meanwhile, the tech-heavy Nasdaq 100 index has plunged by more than 6%.…

With Hamster Kombat preparing for its token launch at the end of July, the big question is: what will the token’s price be at launch? Given its 250 million user base, the potential impact on the token’s value is significant. Despite the hype surrounding Hamster Kombat, critical details about its tokenomics remain undisclosed. Bybit already listed HMSTR in its pre-market phase and has speculated a total supply of 10 billion tokens for initial valuation purposes. However, this number is still uncertain and could change depending on when the project officially reveals more information. You might also like: Hamster Kombat premarket…