Author: NBTC

Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down on Paraguayan Mining Bet, Announces $20 Million ASIC Investment Hive, an artificial intelligence and bitcoin mining company, has recently revealed that it has commenced work on a previously announced site in Paraguay. It will also revamp part of its mining hardware. For this, Hive revealed an investment of nearly $20…

MicroStrategy’s almost 300% premium to its bitcoin holdings is unsustainable, the report said. The positive effects of the company’s recent stock split are wearing off and the launch of options on spot bitcoin ETFs will also lessen demand, Steno said. The report noted that during the 2021 crypto bull market MicroStrategy’s premium hovered below 200%. MicroStrategy’s (MSTR) current premium relative to its bitcoin (BTC) stack is unlikely to last, Steno Research said in a report Friday. “This conviction is reinforced by the diminishing effects of MicroStrategy’s recent stock split,” analyst Mads Eberhardt wrote, adding that the launch of options on…

Ethereum price today: $3,110 Ethereum ETFs recorded six consecutive days of positive flows after posting net inflows of $146.9 million on Thursday. Investors have unstaked over $300 million worth of ETH in the past 48 hours. Ethereum could rally to $4,522 if the inverted head and shoulders pattern develops. Ethereum (ETH) is down over 1% on Thursday following record net inflows across ETH exchange-traded funds (ETF) in the past six days. Despite the bullish market outlook, $300 million worth of unstaked ETH could hit the market and cause downward pressure on prices. Ethereum investors display mixed on-chain behavior Ethereum ETFs…

The London-based stablecoin startup BVNK is exploring a new funding round, aiming to raise $50 million, as investor appetite for the sector grows. Stablecoin payments firm BVNK is said to be in early discussions to raise at least $50 million in a new funding round, Bloomberg has learned, citing sources familiar with the matter. Founded in 2021 by Donald Jackson and Jesse Hemson-Struthers, BVNK previously secured $40 million in Series A funding. That funding valued the firm at $340 million post-money. The round was led by Tiger Global, with participation from The Raba Partnership, Avenir, Kingsway Capital, and others. You…

Unusual activity on the crypto market continues today, with the sudden withdrawal of 1.586 billion XRP from the floor of one of Korea’s largest exchanges, Bithumb. According to reports from Whale Alert, 586.09 million XRP, equivalent to $296.95 million, first left Bithumb in an unknown direction. The first transfer was made to address “rPyCQ,” which was just created yesterday. This transfer is the largest in the series, as the other two were 200 million XRP and just shy of that mark, for a total value of $202.76 million. The last one was worth 600 million XRP. All of these withdrawals…

Ant International and Standard Chartered Bank (NASDAQ: SCBFF) have announced the successful completion of liquidity transfers across borders on the former’s blockchain-based platform. Standard Chartered plugged into Ant’s Whale to tap its liquidity solutions, the bank revealed in a press release. Whale is a blockchain-powered treasury solution that offers liquidity management for multinationals, especially for cross-border transfers. It leverages blockchain for instant transfers, lower costs and transparency. The bank provided few details about the transaction, including which entities were involved. However, it revealed that the liquidity transfers were denominated in Singaporean dollars. While Whale has mostly been used for Hong…

The leading cryptocurrency, Bitcoin, has performed tremendously in 2024 following the approval of spot Bitcoin ETFs in January, reaching a new ATH of $73,600 in March. However, BTC could not break out of the downtrend it entered after ATH, and the rally that investors were waiting for never came. While analysts say that the approaching US elections and Donald Trump’s possible victory will be good for Bitcoin and cryptocurrencies, the decline in the copper-gold ratio does not give good signals for Bitcoin. Speaking to Coindesk, analysts said there are several bullish signals for Bitcoin, including support and possible victory from…

The price of Ethereum (ETH) reached a high of $3,441 on November 12. The largest altcoin entered the overbought zone when it was rejected at $3,400. Long-term analysis of the Ethereum price: bullish Ethereum has retraced from its recent high to the support at $3,100. The retracement stopped above the $3,100 support as Ether started to consolidate again. This suggests that the cryptocurrency could be on its way up. On the upside, a breakout above the $3,400 resistance will drive Ether to new highs of $3,800 and $4,100. However, selling pressure will set in if Ether falls back and breaks…

French state-owned bank Caisse des Dépôts has issued a €100 million ($108 million) digital bond, which will be settled in France’s pilot wholesale central bank digital currency (wCBDC). The digitally native notes were issued on the Euroclear’s digital financial market infrastructure (D-FMI). This infrastructure enables users to issue, distribute, and settle digital bonds on decentralized ledger technology (DLT). It taps into Euroclear’s traditional settlement platform, offering access to mainstream trading venues and other liquidity management facilities. Its one-day settlement process is a significant improvement from the traditional setup, which takes multiple business days. In October last year, the World Bank…

A crypto whale who recently made substantial purchases in tokens like Pnut, FRED, and OPK is facing steep losses as the market downturn continues. Over the past three days, the investor spent 13,642 SOL, equivalent to approximately $2.22 million, accumulating these tokens. However, the whale’s holdings have now declined by around $1.44 million, a staggering 65% loss. A whale spent 13,642 $SOL($2.22M) to buy $Pnut, $FRED, and $OPK over the past 3 days and is currently down ~$1.44M.Spent 7,142 $SOL($1.16M) to buy 14.46M $Pnut, now showing a loss of $553.4K (-48%).Spent 4,500 $SOL($736K) to buy 69.88M $FRED, now showing a…