Author: NBTC
After the recent Solana memecoin craze, another altcoin started to make moves to dominate the memecoin market. Toncoin (TON) management, which ranks 13th among the world’s largest cryptocurrencies, posted a “Memecoin Ecosystem Leader” job posting to enter the memecoin world. Toncoin management gave the following details for the Memecoin responsible it was looking for: “As the Memecoin Ecosystem Leader, you will be at the forefront of developing and implementing strategies to build and evolve our memecoin ecosystem. Your primary focus will be on creating incentives and airdrop programs that engage and grow TON’s community of memecoin projects.” TON, supported by…
Fox Business reporter Charles Gasparino reports that securities lawyers are warning Ripple (XRP) holders that Judge Torres’ analysis of Ripple could be overturned by federal courts. The warning follows a ruling by a federal judge against Coinbase, a popular cryptocurrency exchange platform. The judge rejected Coinbase’s argument that Torres’ Ripple decision supported the dismissal of the lawsuit between it and the SEC. Instead, the judge credited Rakoff’s analysis of Terraform, which also rejected Torres’ analysis. Coinbase had a partial gain and a partial loss with the decision made by Judge Katherine Polk Failla in the case filed by the US…
Bitfarms mined 286 BTC in March, down from 300 in February. Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency. Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC. Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, despite its ongoing efforts to expand and upgrade its mining fleet. Bitfarms mined a total of 286 BTC in March 2024, down from the 300 BTC mined in February. This decline in production can be attributed to various factors, including participation in grid-stabilizing curtailment programs…
The price of Bitcoin has jumped to a weekly high of more than $71,000, with just a few weeks to go before the cryptocurrency’s much-anticipated block rewards halving. Bitcoin’s price touched $71,000 Monday evening, before pulling back and surging to a high of $71,419.17 Tuesday morning. The cryptocurrency is currently trading hands at $70,955.86, up 5.9% on the day and 10.9% on the week, per data from CoinGecko. BTC has had a volatile couple of weeks since posting an all-time high of almost $74,000 earlier this month, dipping alongside stocks on the news that inflation in February was hotter than…
The European Union’s crypto regulation, called MiCA (Markets in Crypto-Assets), will come into effect during this 2024. According to several experts, it will have a profound impact on the entire crypto sector, to the point of even becoming a global reference point for crypto regulation. Since its actual entry into force is not far off, some exchanges have already started to prepare, making it possible to carry out a first analysis. MiCA: Bitget Research’s Q&A on the impact of the new European crypto regulation The future of crypto trading Consumer protection guaranteed by the crypto regulation MiCA Market dynamics MiCA:…
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners — Income Peaks at $2 Billion As we edge closer to the halving event, bitcoin (BTC) miners have seen a significant increase in their earnings, both from collected rewards and transfer fees. March set a new benchmark as the month with the highest revenue in the last year. Moreover, the milestone was also…
Bitcoin recently surged past $70,000, setting a new weekly record close to $71,217. Analyst KSI predicts a potential decline before Bitcoin hits $100,000, mentioning a range of $73,000 to $80,000. KSI anticipates a correction with Bitcoin dropping between $50,000 and $60,000 before a potential rise. In the fast-paced world of cryptocurrency, Bitcoin stands as the undisputed leader, showcasing remarkable resilience and surging to new heights. Recent market dynamics have propelled Bitcoin above critical resistance levels, with prices comfortably exceeding $70,000. This surge, driven by bullish sentiment and notable market developments, underscores Bitcoin’s enduring allure and potential for substantial gains. At…
In a recent post on the X social media network, prominent investor Anthony Scaramucci opined that a recent anti-court decision made no sense. He said that it was “clearly a hostile attack” against the industry. Earlier this week, Wyoming-based Custodia Bank faced a major setback, with Judge Scott Skavdahl, of the District of Wyoming, shooting down its motion for judgment. The judge has ruled that the Federal Reserve is not obliged to grant the bank access to its master accounts. Following the unfavorable ruling, Custodia Bank is now considering an appeal. In its motion, Custodia Bank argued that the lack…
Hut 8 looks to deploy its large stack of bitcoin holdings with “discipline” heading into the bitcoin halving while further diversifying its revenue streams, the company’s chief executive said. The company, which completed a merger of equals with US Bitcoin Corp last year, tallied $60.6 million in revenue during the second half of 2023. Net income was $6.2 million over that span. Nearly 70% of that revenue comes from crypto mining, CEO Asher Genoot said during the company’s earnings call Thursday. But Hut 8 seeks to further diversify its revenue streams across its managed services business, the CEO noted —…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 5.50% today against the US Dollar Bitcoin is currently trading 11.15% below our prediction on Mar 30, 2024 Bitcoin gained 36.85% in the last month and is up 153.12% since 1 year ago BTC price is expected to rise by 12.52% in…