Author: NBTC
Cardano Founder Charles Hoskinson has shared focus areas for the community as to what to expect from Input Output Global (IOG) next year. Charles Hoskinson highlighted Bitcoin DeFi through his official X account as the first task to address. While the list is not chronological, the protocol’s focus on Bitcoin is considered one of its biggest agendas for the coming year. Cardano eyes mainstream partnership The Cardano founder highlighted the protocol’s other focus, including Midnight and Partnerchains. All year long, the Cardano ecosystem has focused on developing the Midnight Network, a protocol it believes is essential to restoring privacy-centric innovation…
Riot Platforms, the publicly listed Bitcoin (BTC) miner from Wall Street (NASDAQ: RIOT), announced record financial results for 2024, reporting $376.7 million in total revenue and $109.4 million in net income. The results come despite facing significant industry headwinds including Bitcoin’s halving and a substantial increase in hash rate or global competition. The Bitcoin mining company finished the year with a deployed hash rate of 31.5 EH/s and increased its Bitcoin holdings to 17,722, up 141% from the previous year. Jason Les, CEO of Riot Blockchain “Riot had a remarkable year in 2024, generating record revenue of $376.7 million and…
Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward move,…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities erased some of last week’s losses Monday as investors looked ahead to more fourth quarter earnings reports and a key inflation print this week. Nvidia is scheduled to report its Q4 earnings on Wednesday afternoon. After months of trading sideways, it’s reasonable to think investors will be looking for any sign to bet again on the chipmaker. On the other hand, the days of Nvidia having little competition are long over. Either way, Wednesday’s report will move markets across the board. January’s PCE report,…
Stablecoins play a critical role in the crypto ecosystem, enabling seamless transactions and driving liquidity across blockchains. Data from CryptoRank reveals that Solana, Ethereum, and Tron led the stablecoin market in 2024, recording significant transfer volumes. These networks showcased distinct strengths and adoption patterns, reflecting their growing impact in the crypto space. Source: X Solana Dominates Stablecoin Transfers Solana topped the list, recording a $10.5 trillion in stablecoin transfers, cementing its position as a leading blockchain. Despite this, Solana’s price fell by 0.97% in the past 24 hours to $189.76. Its 24-hour trading volume reached $3.26 billion, reflecting sustained investor…
Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public bitcoin miners are exploring. This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here. Core Scientific, Bit Digital, Hut 8, Hive and IREN currently have revenue-generating AI/HPC business lines, while Crusoe Energy…
Ethereum’s bullish RSI cross signals a potential breakout and strong upward momentum. Prices hold above key support, reinforcing confidence in a sustained rally. Analysts predict a short-term target of $3,200 based on historical breakout patterns. Ethereum — ETH, is poised for a significant rise as the weekly Stochastic RSI moves toward a bullish cross. Analysts see strong upward momentum, with prices holding above a key moving average. The recent Bybit hack failed to shake Ethereum’s stability, strengthening the bullish outlook. Technical patterns suggest a significant rally, with traders watching for further gains. #Ethereum Most Hated Rally Imminent 🚀Weekly Stochastic RSI…
Microsoft stock dipped on Monday after investment bank TD Cowen reported the tech giant canceled leases on two data centers in the U.S. The stock fell 1.8% during Monday’s trade but has since recovered back to its opening price of $404.04, according to MarketWatch data. Microsoft terminated select leases with at least two private data center operators across multiple U.S. markets, accounting for “a couple of hundred megawatts” of power, according to a copy of TD Cowen’s report as cited by Bloomberg. For a perspective of how much power that is, 1 megawatt can power 250 homes during peak usage…
The Shiba Inu (SHIB) ecosystem is taking another step forward with the announcement of Meme Mania & The 36 Chambers of Tech. Shytoshi Kusama, the lead spokesperson for the popular cryptocurrency, revealed that this limited-edition podcast will debut inside SHIB: The Metaverse. The podcast is not just another update. It is a way to look back on how the Shiba Inu project started, where it is now, and what lies ahead. Designed to inform and entertain, the podcast will also be available on YouTube and Spotify for those who prefer more familiar platforms. SHIB: The Metaverse, where the event will…
Bitcoin has recently shown signs of potential market shifts as key metrics reflect changing investor behavior. This is evident in Bitcoin reserves on spot exchanges, which had been in a steady decline for weeks, now seeing a notable uptick with an inflow exceeding 20,000 BTC, according to CryptoQuant analyst IT Tech. Simultaneously, netflows across all exchanges turned positive, registering an increase of 15,800 BTC. These shifts mark a reversal from the consistent outflow trend observed in previous weeks, suggesting that traders may be preparing for increased activity on exchanges. Detailing The Increasing Exchange Reserves and Positive Netflows When Bitcoin reserves…