Author: NBTC

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…

The U.S. employment picture rebounded in November after weak data in October that was probably affected by hurricanes in the southeast. Nonfarm payrolls rose by 227,000 last month, according to the Bureau of Labor Statistics. Economist forecasts had been for a gain of 200,000 jobs. October’s originally reported 12,000 job gain was revised higher to 36,000. November’s unemployment rate was 4.2% against estimates for 4.2% and October’s 4.1%. The price of bitcoin (BTC) rose to $98,445 in the minutes following the data. Friday morning’s jobs numbers are among the last pieces of key economic data the Federal Reserve will see…

Ellipsis offers efficient token swaps on the BNB chain, utilizing Curve Finance’s technology for secure and low-slippage transactions. Storj revolutionizes cloud storage by connecting users with available hard drive space, rewarding them with Storj tokens for their contributions. Chiliz empowers sports fans through governance, allowing them to influence decisions while participating in the booming digital token ecosystem. Innovative platforms are emerging to redefine industries, from finance to gaming and cloud storage. Projects like Ellipsis (EPX) are streamlining decentralized exchanges for seamless token swaps, while Storj is revolutionizing cloud storage with its decentralized network. Meanwhile, Chiliz (CHZ) empowers sports fans to…

David Schwartz, Chief Technology Officer (CTO) of Ripple Labs, has posed an interesting question to former SEC official John Reed Stark. The CTO’s inquiry focuses on the “securities” classification of some digital assets in blockchain. Ripple CTO argument Schwartz has questioned Stark as to why art from an emerging artist is not a security under the SEC’s interpretation of an “investment contract.” He pointed out a similarity between crypto investments and emerging artists. According to him, money is invested, and a reasonable buyer anticipates making money off the artist’s later works. He claims this situation creates a market and raises…

BIT Mining, a cryptocurrency mining firm listed on the New York Stock Exchange, has announced steps to expand its mining operations with new acquisitions in Ethiopia. The company revealed on Dec. 9 that it had completed the first phase of its plan to acquire data centers and Bitcoin (BTC) mining equipment in Ethiopia. In its initial announcement, BIT Mining said it planned to acquire up to $14.2 million worth of data centers and BTC mining machines. The deal will see the miner get an additional 51-megawatt in data centers as well as 17,869 Bitcoin mining machines. The first phase of…

In a noteworthy development, shares of business intelligence company MicroStrategy (MSTR) continue to rise in relation to the price of Bitcoin (BTC), bringing the premium to the value of its BTC holdings to its highest level in over three years. Notably, since the launch of Bitcoin ETFs in January, MicroStrategy stock has increased by more than 240%, setting a new record high Oct. 8. That’s around eight times higher than Bitcoin’s performance, which has fallen by 16% since setting its record high of nearly $74,000 in mid-March. This development, as Bitcoin lags behind MicroStrategy’s performance, has caught the attention of…