Author: NBTC
According to data provided by CryptoQuant, MicroStrategy’s Bitcoin premium has returned back to the levels that were last seen during the 2021 bull run. As noted by CryptoQuant CEO Ki Young Ju, the company’s Bitcoin premium ended up peaking in the middle of the 2021 bull run. Notably, it never dipped below zero during the previous bear market. For comparison, GBTC was trading at a 48% discount. On Friday, MicroStrategy (MSTR) surged $421 following a significant correction that was triggered by the bearish call made by Citron Research. The company’s shares are up by another 3.11% in pre-market trading. MSTR…
Pepe meme coin faced selling pressure as the broader crypto market dipped, with reports of a whale allegedly selling one trillion coins. Crypto influencer Jake Gagain claimed that an unknown Pepe (PEPE) whale offloaded one trillion tokens, worth approximately $8.7 million, on crypto exchange Binance. 🚨 BREAKING: PEPE WHALE DUMPS 1 TRILLION TOKENS ON BINANCEA massive $PEPE whale offloaded over 1 trillion tokens to Binance earlier today. Price dipped roughly 2% intraday. pic.twitter.com/c6hpLywg8v — JAKE (@JakeGagain) October 28, 2024 While crypto.news was unable to independently verify Gagain’s report, market data certainly confirms a downward movement in Pepe’s price. The Kermit…
Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council, Russia’s upper house of parliament, approved a government-initiated bill outlining the taxation framework for digital currencies on Wednesday. This legislation, passed during a plenary session, follows its earlier approval in the State Duma, the lower legislative chamber, the previous day. The new law classifies digital currencies, including those used as payment instruments under experimental legal regimes, as property under the…
Ethereum-based arena battler game Moonray is now responsible for the largest free gaming NFT mint on OpenSea to date, after users minted some 220,629 “Jadeon Adam” character skins over a 48-hour period. This NFT mint gave players an earthy green in-game character skin that they can wear while fighting. The free NFTs, minted on Coinbase’s Ethereum layer-2 network Base, were claimed between November 19-21. Moonray is an Ethereum-based combat arena game available on PC via the Epic Games Store. It has previously run a play-to-airdrop campaign, rewarding players’ in-game progression for a slice of its soon-to-launch MNRY token, and has…
Bitcoin miner IREN (IREN) rose nearly 30% on Wednesday after executives said the company had received interest from an artificial intelligence (AI) firm and mentioned a potential dividend in BTC during an earnings conference call. The Sydney-based company has been approached by a hyperscaler firm (large cloud service provider) for potentially hosting computing infrastructure at IREN’s Sweetwater mining site in Texas, co-CEO and co-founder Daniel Roberts said on the call. “Two hours ago, we got an email from a trillion-dollar hyperscaler that said they weren’t interested in Sweetwater, and now they are,” Roberts said without giving out too many details.…
Singapore Gulf Bank targets $50M funding to built stablecoins firm. Plans underway to acquire a stablecoin payment company in the Middle East or Europe by 2025. Individual digital asset management services expected to roll out by year-end. Singapore Gulf Bank, backed by Bahrain’s Mumtalakat Sovereign Wealth Fund and Singapore’s Whampoa Group, has set its sights on ambitious goals for 2025. The bank aims to raise at least $50 million in funding and acquire a stablecoin payment company as part of its strategy to solidify its position in the evolving financial landscape. $50M Fundraising to Power Growth The bank, which secured…
Ripple partners with Indian banks to improve transaction efficiency and security. The digital rupee project advances while banks explore Ripple’s cross-border solutions. Ripple’s tech development continues despite legislative hurdles in the United States. Indian banks are piloting Ripple’s XRP Ledger to improve bank-to-bank transfers with faster, decentralized technology. The trials aim to create a more efficient and secure transaction system for the country’s financial sector. Ripple’s collaboration with major institutions, including Kotak Mahindra, could reshape how banks in India handle money payments. Ripple’s Relationship with Kotak Mahindra Boosts XRP Interest The organisation joined with Kotak Mahindra Bank in 2018 to…
Following first word of a crossover back in July, the popular manga and anime series “Attack on Titan” has expanded into Ethereum metaverse gaming platform The Sandbox with a new game called Attack on Titan: Invasion. Attack on Titan: Invasion lets players become soldiers defending the Trost District against Titan attacks, working alongside characters like Eren Yeager, Mikasa Ackerman, and Armin Arlert from the source material. Players must complete training and successfully resist multiple invasion cycles to reach the final quest with Eren. Playable on Windows and Mac, The Sandbox’s latest addition challenges participants to protect humanity by defeating waves…
Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas. Cipher Mining Secures Strategic Site for Bitcoin Mining Expansion According to Cipher Mining’s (Nasdaq: CIFR) announcement, the new facility, known as the Stingray site, will add 100 megawatts (MW) of front-of-the-meter capacity to its data center operations, furthering its strategic growth in industrial-scale bitcoin (BTC) mining. The transaction, according to the press release, includes a $4.1 million cash payment and a $1.5 per megawatt-hour variable fee for the initial five years of the site’s operation. With necessary regulatory approvals…
The ecosystem of Bitcoin is still expanding, and new applications are being developed to enhance scalability and efficiency. Of all these, Layer 2 (L2) has been adopted to carry out transactions more quickly and at a lower cost. 📈 Top 10 Bitcoin L2s by $BTC locked pic.twitter.com/z2B5AVLBMP — Satoshi Club (@esatoshiclub) October 18, 2024 Merlin Leads the Way At the top of the list is Merlin, with 9303 BTC locked. This places it as a market leader in the L2 space, indicating its user trust. Merlin’s growth underscores the need for better scaling solutions in the Bitcoin network, offering faster…