Author: NBTC

A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. The YTD performance of Hut 8 Mining Corp. (NASDAQ: HUT) has made it a standout. Other metrics like Satoshi per share are also eye-catching, where Hut 8 outperforms MARA and where the latter is the largest Bitcoin holder among all public Bitcoin mining companies. As one…

Ethereum’s bullish push stalls at $3,600 after co-founder Jeffrey Wilcke transferred 20,000 ETH ($72.5 million) to crypto exchange Kraken. Data from Spotonchain confirmed the transaction, which happened by 12:59 (UTC) today. Notably, “0xa7ef,” the wallet address belonging to the co-founder, moved 20,000 ETH to a deposit wallet tied to Kraken. At the time of the transfer, the Ethereum tokens were worth $72.5 million, moved at an average price of around $3,627. Meanwhile, the Wilcke-tied account still holds 105,738 ETH, valued at $382 million. It bears mentioning that this was Wilcke’s fourth Ethereum sale of the year. The Spotonchain data reveals…

Crypto investing may have allowed lower-income Americans to buy their own homes at a higher rate than the rest of the population, according to a paper released Tuesday by the U.S. Treasury’s Office of Financial Research. The rise in cryptocurrency investment in recent years came with a pronounced uptick in debt — most notably mortgages — sought in the areas where digital assets activity was highest, according to the research conducted by the Treasury’s independent arm that sniffs out U.S. economic hazards. It was looking for evidence that such financial stretching may be a danger to U.S. stability, but so…

Bitcoin holders can now earn $ADA by locking BTC, allowing them to validate PoS chains and generate secure yields. Cardano ($ADA) targets $2.7709 with bullish patterns hinting at a potential 2,030% surge, reaching up to $7.82. Bitcoin’s PoW security, combined with PoS efficiency, offers yield opportunities without compromising trust or security. Cardano ($ADA) awards are now available to Bitcoin owners who lock their money in a self-custodial way. They can validate Proof-of-Stake (PoS) chains without the assistance of other networks or other parties by employing this innovative method. Bitcoin users can easily create returns while keeping security using this technique.…

A co-founder of blockchain-based ride hailing believes the United Arab Emirates (UAE)’s crypto momentum won’t be significantly impacted by a new Donald Trump administration. Co-Founder Says ‘UAE Is Not Just a Fallback Option’ A new Donald Trump administration may create a more favorable crypto environment, but Firdosh Sheikh, co-founder of DRIFE, doubts any U.S. policy shift will significantly impact the UAE’s momentum. Firdosh argues that the Middle East, particularly the UAE, has built a robust foundation that isn’t solely dependent on geopolitical changes elsewhere. The region’s emphasis on supporting entrepreneurs through initiatives like visas for startup founders and tech talent…

Cryptocurrency exchange OKX has released its 25th proof of reserve, revealing significant increases in user and platform assets. OKX Releases 25th Reserve Document and Shows Significant Asset Growth A snapshot of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) assets taken on November 13 shows strong growth. Key Points BTC Holdings: User Bitcoin holdings increased by 1.87% compared to the last snapshot on October 8. ETH Holdings: Ethereum holdings increased by a significant 7.90% during the same period. USDT Holdings: Tether holdings increased by an impressive 15.37%. Total Reserves: OKX currently has reserve assets of $26.611 billion, up $1.883 billion month-on-month.…

While the ongoing Bitcoin uptrend continues to endure, the leading crypto asset is at a critical decision point. Seasoned market watchers are highlighting factors that could confirm a further upswing or signal the onset of another severe bearish market. In a post on X, global macro investor Raoul Pal warned market participants not to get ahead of themselves by discussing extreme price targets for Bitcoin. He noted that the danger is not over until Bitcoin convincingly breaks the key psychological price level of $70,000. Pal is cautioning against over-optimism until Bitcoin demonstrates solid upward momentum by surpassing $70,000. His warning…

Analytics account @spotonchain has noticed a mammoth ETH transaction made by one of the Ethereum cofounders. However, data suggests that the Ethereum price may go upward. In the meantime, the majority of ETH holders’ profitability has reached a new half-year high — 90.8% of holders have reached the highest profitability since June, according to a report by IntoTheBlock. Ethereum cofounder dumps $72.5 million in ETH The aforementioned tweet by Spot On Chain revealed that the programmer Jeffrey Wilcke, one of the original Ethereum cofounders, has transferred a massive chunk of 20,000 ETH to the U.S.-based Kraken exchange less than an…

The New York Federal Reserve’s report evaluates the financial stability implications of digital assets within the context of the broader financial system. Digital Assets Pose No Risk to Global Financial System The New York Federal Reserve’s recent report on digital assets provided a look at their potential risks to financial stability. The report stated that the impact of digital assets on the broader financial system remains minimal. The report emphasized the growth of the digital asset ecosystem, including cryptocurrencies, stablecoins, and decentralized finance (defi), but not yet at the scale to pose any systematic threats. Although financial stability is the…

In the cryptocurrency market trade, SafeMoon (SAFE), Chainlink (LINK), and Optimism (OM) are the most active performing tokens. The global market cap stands at $2.30T, while the 24-hour trading volume hits $73.06B, which would naturally spark greater interest, as depicted by the Fear & Greed Index at 72% Greedy. Daily Summary on October 25, 2024$SAFE $OM $LINK $PYTH $ICP $BTC $ETH $SOL $SUI $DOGE#dailysummary #DeFi #Crypto pic.twitter.com/7uJ2OUW3uR — PHOENIX – Crypto News & Analytics (@pnxgrp) October 25, 2024 Among the top assets, Bitcoin (BTC) and Ethereum (ETH) remain leaders; the price for Bitcoin is $67,445, and its market share is…