Author: NBTC

Bitcoin mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday.”We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network hashrate,” analyst Jonathan Petersen wrote. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). U.S.-listed mining companies…

ProCap CEO and VC investor Anthony Pompliano (also known within the X financial community as Pomp) has taken to his X account to comment on the just-released inflation report – the Consumer Price Index (CPI). CPI comes in low, Kiyosaki’s gloomy forecast opposed The CPI has come out slightly below the expectations of analysts – 2.7% versus 2.8%. This may indicate that in September the Federal Reserve will finally agree to reduce the interest rate – something many financial experts, traders and even the US president Trump have been longing for recently. Based on this development, Anthony Pompliano addressed the…

The highly anticipated Bullish IPO will take place on Wednesday, Aug. 13, giving investors the opportunity to buy into one of the fastest-growing cryptocurrency exchanges, crypto publishers, and data providers. Summary The Bullish IPO will happen in the NYSE on Aug. 13. The IPO roadshow has been successful and oversubscribed. It is likely that the BLSH stock will surge after the IPO. Bullish IPO to test demand for crypto companies Bullish, a company associated with Peter Thiel, has concluded its roadshow, with its initial public offering set for Wednesday. There are signs that the roadshow has been highly successful, as…

The U.S. Department of Treasury’s Office of Foreign Asset Control sanctioned a Russian crypto exchange on Thursday, according to its statement, a sign some federal authorities are continuing to scrutinize digital asset firms, despite U.S. President Donald Trump’s directives to ease up on the industry. The exchange, Garantex Europe OU, “directly facilitated ransomware actors and other cybercriminals,” processing more than $100 million in transactions tied to illegal activities since 2019, OFAC said Thursday in the statement. The agency added that it is also sanctioning the trading platform’s successor, Grinex, in addition to blacklisting three Garantex executives and six companies linked…

BounceBit, a CeDefi protocol and crypto staking platform, announced a strategic collaboration with Franklin Templeton, an established traditional asset manager issuing tokenized funds on public blockchains. BounceBit runs a multi-asset strategies CeDeFi network that allows people to participate in various investment opportunities and earn yields. On the other hand, Franklin Templeton is recognized as the first conventional asset management firm to tokenize a U.S. money market fund in 2021, laying the foundation for infusing managed real asset yields into the decentralized finance ecosystem. By launching its BB Prime platform on Franklin’s tokenized money market fund, BounceBit provides its institutional clients…

Tensions continue between US President Donald Trump and Fed Chair Jerome Powell over interest rates. Trump frequently insults Powell, accusing him of being late to cut interest rates. Following the inflation figures announced hours ago, Trump made a new post on his Truth Social account and once again stated that Fed Chair Powell should lower interest rates. As the feud between the two continues, Trump also announced that he is considering filing a lawsuit against Powell over the Fed building costs. At this point, Trump has stated that he is considering allowing a major lawsuit against Powell, accusing her of…

Jarett Dunn, a former Pump.fun senior developer, has signed a document affirming his guilt on charges related to draining an estimated $2 million worth of Solana (SOL) from the prominent token launchpad. The formal admission of guilt was made from behind bars in London, after he was imprisoned for breaking bail conditions. The latest twist in the saga comes as Pump.fun has reasserted its dominance over rival token launchpads that recently stole market share. On Wednesday, it accounted for 77% of Solana tokens created via launchpads, per Dune, and generated more than $2.28 million in revenue—a five-month high. Almost exactly…

The crypto world is buzzing with the phenomenal news: crypto exchange Bullish’s initial public offering (IPO) has been astonishingly oversubscribed by more than 20 times. This remarkable event, initially reported by Walter Bloomberg on X, highlights a surging investor appetite for digital asset ventures. It’s a clear signal that confidence in the cryptocurrency sector remains incredibly strong, even as traditional markets face various headwinds. Bitcoin World previously revealed the ambitious scope of this offering. Bullish aimed to sell 30 million shares at a price range of $32–$33, intending to raise a substantial sum. Initially targeting $629 million, the immense demand…

A group of crypto and fintech executives has urged US President Donald Trump to block banks from charging fees for access to their customer data, arguing it stifles consumer choice. The letter sent to Trump on Wednesday accused large banks of looking to “preserve their market position by imposing exorbitant new ‘account access’ fees that would prevent consumers from connecting their accounts to better financial products of their choice.” Crypto exchange Gemini, trading platform Robinhood, along with crypto lobby groups the Crypto Council for Innovation and the Blockchain Association, backed the letter, which claimed the fees would cripple the US…

Crypto trading remained the backbone of eToro’s business in the second quarter, generating roughly 91% of the company’s total revenue, according to its latest earnings report. That’s down slightly from the 93% share recorded in the first quarter, suggesting a modest increase in the contribution from equities and other trading segments. For the three months ended June 30, revenue from cryptoassets totaled $1.91 billion, hit by a small net loss of $8.4 million from crypto derivatives trading. After subtracting the $1.88 billion cost of cryptoasset revenue, digital asset trading still made up the vast majority of eToro’s $2.09 billion in…