Author: NBTC
Bernstein has spotlighted Block Inc. (NYSE: SQ) as its “new best idea” for 2025, raising the stock’s price target from $90 to $120 while maintaining an “Outperform” rating. This bullish forecast stems from multiple catalysts, including accelerated growth in Square’s Gross Payment Volume (GPV), robust 30% EBITDA gains from operational efficiencies, easing regulatory pressures, and the potential for inclusion in the S&P 500 Index. Currently trading at $95.87, Block has experienced a remarkable 24% gain over the past month, with its year-to-date performance up by 32%. Its valuation remains appealing, with 16% of its market capitalization held in cash, providing…
A memecoin trader who rushed to buy 5 different memecoins in just 5 hours ended up losing a large amount of money. The trader’s total loss reached 274 $SOL, which is about $43.5K, according to data from Lookonchain. Please don’t buy out of #FOMO! Yesterday, a trader #FOMO bought 5 #MEMEcoins in just 5 hours and lost money on each one, with a total loss of 274 $SOL($43.5K) and an ROI of -67.89%.https://t.co/aIh2v57Oeo pic.twitter.com/doBpWTkGSH — Lookonchain (@lookonchain) October 20, 2024 FOMO Purchases Lead to 68% Loss for Memecoin Trader This purchase was made out of fear of missing out (FOMO),…
Coinbase CEO Brian Armstrong has taken aim at anti-crypto SEC Commissioner Caroline Crenshaw, describing her as a “failure.” “Caroline Crenshaw was a failure as an SEC Commissioner and should be voted out,” he said on social media. Armstrong recalled the fact that Crenshaw was one of the commissioners who voted against the approval of Bitcoin exchange-traded funds, breaking with SEC Chair Gary Gensler. The Senate Banking Committee is set to vote on Crenshaw’s re-nomination this Wednesday. Jaime Lizárraga, another anti-crypto SEC Commissioner, recently announced his resignation. However, based on her track record, Crenshaw appears to have the most hostile stance…
HIVE Digital revealed its November 2024 production results, including 103 BTC mined and a 67% year-over-year growth in its Bitcoin holdings. Bitcoin (BTC) mining firm HIVE Digital released its November 2024 production results, reporting a 67% increase in its BTC holdings compared to the previous year. In a Dec. 9 press release, the firm revealed it had mined 103 BTC in November, bringing its total HODL portfolio to 2,713 BTC as of Nov. 30. In terms of mining capacity, HIVE maintained an average of 5.3 EH/s, with the firm’s peak hashrate for the month reaching 5.7 EH/s. As of the…
Bitcoin (BTC) has entered an unusually quiet period as investors await the outcome of the upcoming US presidential election. According to data from Bloomberg, the BTC price has fluctuated below 5% for 34 consecutive sessions, the longest such period of stability in a year. This period of stagnation has disappointed many in the crypto community, as October has historically been a strong month for Bitcoin, earning it the nickname “Uptober.” Over the past decade, Bitcoin has only lost ground twice in October, averaging more than 20% for the month, compared with an average gain of 6% in all other months,…
As bitcoin (BTC) surpassed $100,000 and hit an all-time high on December 4, many MicroStrategy (MSTR) investors were hoping for their bags to levitate. Unfortunately, their shares — along with those of the company’s CEO Michael Saylor — dipped considerably the following morning. MicroStrategy is a BTC acquisition company that is primarily valued on a multiple of its BTC holdings. Its shares trade independently of BTC in the market based on sentiment, supply, and demand. MSTR closed at $406 on Wednesday but fell another 4.8% by Thursday. That close logged an embarrassing 28% retracement from the company’s $543 all-time high…
As per the latest data, prominent blockchains are demonstrating remarkable growth in the YoY transaction volume generating strong competition. According to the report from Swapspace, the transaction growth (YoY) for each of the top 10 blockchains shows that The Open Network (TON) is at the top of the list, governing an incredible 2492 % change in the transaction volume. TON, which has now made 241 million transactions, is the leading blockchain. 📊 Top 10 Blockchains by Transaction Growth1. TON +2,492%2. NEAR +997%3. Injective +261%4. Axelar +181%5. Avalanche +145%📍 It’s not surprising to see some less popular blockchains on the list,…
Ripple’s $150 million legal battle with the U.S. Securities and Exchange Commission took center stage during a recent 60 Minutes episode on CBS News. While the segment discussed Ripple’s legal challenges and the crypto industry’s growing political influence, CEO Brad Garlinghouse and several community members expressed frustration with the way the story was presented. After the episode aired, Garlinghouse took to X to share his concerns. He emphasized that the interview, which lasted over 90 minutes, failed to include a significant legal development: a federal judge ruled in July that XRP (XRP) is not a security when sold on public…
Riot Platforms Inc. (NASDAQ: RIOT), a major cryptocurrency mining company based in Colorado, announced earlier today that it plans to offer $500 million of convertible senior notes due 2030. The $4.3 billion company intends to involve institutional buyers in a private offering, with a three-day day option to purchase up to $75 million of the notes. The company specified that the proceeds of the offering will be used to acquire additional Bitcoin, in a bid to strengthen its BTC strategy. “The notes will be unsecured, senior obligations of Riot. The notes will mature on January 15, 2030, unless earlier repurchased,…
Serial entrepreneur and author Robert Kiyosaki is back with his investment advice to investors without a Bitcoin. He suggested investing in Bitcoin (BTC) or historically bullish traditional assets like gold and silver is always possible. Robert Kiyosaki says to buy Bitcoin, gold and silver In an X post, the author of “Rich Dad Poor Dad” acknowledged the significant growth in the price of gold over the years. This is coupled with the asset’s all-time high (ATH) milestone. The price of gold has hit all time highs. Since 2000 the people who invested in gold have done very well. I am…