Author: NBTC

Galaxy’s net income rose 40% from the previous quarter to $422 million. The approval of spot bitcoin ETFs was a catalyst for the increase in counterparty engagement. The firm could pursue both mining and AI hosting over time, Canaccord said. Galaxy Digital (GLXY) is evolving its business in a thoughtful and methodical way and, while the regulatory backdrop remains challenging, the company’s opportunity set and competitive positioning remains compelling, broker Canaccord Genuity said in a report on Tuesday after the crypto financial services firm published first-quarter results. The Toronto-based company founded by CEO Mike Novogratz said net income rose 40%…

Famous crypto trader and analyst W3Q is looking to settle the debate regarding which meme coin is better, Dogecoin (DOGE) and Shiba Inu (SHIB). The analyst declared support for Shiba Inu, noting that the canine-themed token is greater than Dogecoin. W3Q reached a conclusion based on experiences trading both cryptocurrencies. 3 Factors Proving SHIB Is Greater Than DOGE Interestingly, the analyst highlighted three major factors supporting his assertion. According to W3Q, Shiba Inu has been listed on all crypto exchanges that also support Dogecoin. Some exchanges that currently support both DOGE and SHIB include Binance, KuCoin, Coinbase, OKX, Bybit, Kraken,…

Amid the whirlwind caused by the introduction of Spot Bitcoin ETFs and the looming Bitcoin halving, the cryptocurrency market remains abuzz with excitement and anticipation. These recent developments have shaken the industry. But enthusiasts eagerly await the next catalysts to drive the ecosystem to new heights. Just one day before the highly anticipated halving event, spot Bitcoin ETFs experienced a surge in popularity, coinciding with a rise in the underlying asset’s price. However, flows to these three-month-old products declined into negative territory earlier this week. The halving, a phenomenon that occurs roughly every four years for Bitcoin, is expected to…

Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could now struggle to clear the $3,040 and $3,050 resistance levels. Ethereum Price Recovers Nearly 5% Ethereum price remained stable above the $2,860 support zone and started a fresh increase. ETH…

Humanity Protocol, which uses palm scans for identify verification, raised $30 million and was valued at $1 billion. The cash will fund hiring and development costs, with a testnet release planned for the second half. Humanity Protocol, a zero-knowledge decentralized identity project looking to compete with Worldcoin, said it was valued at $1 billion in a seed funding round led by Kingsway Capital. The $30 million round, which follows a $1.5 million investment from a combination of angel investors and key opinion leaders in early March, included Animoca Brands, Blockchain.com and Hashed among others, the team said in a post…

Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran. During the past week, the crypto industry slumped amid escalating tensions in the Middle East and plunged again in the early hours as news broke of Israel’s retaliation on Iran. However, following the muted response from Iran and tempered action from Israel, this morning saw a turnaround as the broader crypto market rose by more than 4%. ‘Safe haven’ During early Asian trading hours, Bitcoin briefly dipped below $60,000 but swiftly rebounded as Iranian authorities downplayed the severity of the attack. According…

Yesterday the price of Ethereum bounced back from its local low around $2,850, driven by a frenzy of shopping by a mysterious wallet that accumulated a whopping 30,680 ETH in less than 24 hours, equivalent to over $92 million. Purchases of this kind by whales suggest important signals for the evolution of the price action of the crypto asset, which could now see strongly bullish forecasts in the coming weeks. Meanwhile, the macroeconomic landscape also seems to support risk-on assets, after yesterday’s CPI data indicated inflation in line with market expectations.Let’s see all the details below. Mysterious wallet buys 30,000…

After two surreal days of spectacular gains, it looks like GameStop is finally crashing back down to reality. On Wednesday, GameStop stock (GME) crashed some 30% in the market’s opening minutes, to $34.12 as of this writing. That slippage wiped away a major chunk of the remarkable rally enjoyed by the stock this week, which began on Sunday when Keith Gill, aka Roaring Kitty—the meme stock influencer who architected GME’s Reddit-fueled short squeeze in 2021—appeared to return online after years of silence. Still, today’s crash has yet to wipe out the full extent of GME’s recent gains. The Nasdaq has…

Despite the recent ups and downs in the crypto market, some traders have been showing significant patience and profits. Lookonchain, a famous on-chain analytics forum, recently disclosed such an event where a trader patiently made huge profits within a few weeks. LookOnChain revealed this development on its official X account. This trader is so patient!He turned 60 $SOL($8,673) into $1.26M in 2 months, a gain of 144x!He spent 60 $SOL($8,673) to buy 24.8M $HAMMY at $0.00035 on Mar 10.About a month later, the price rose to $0.007, and his gain had exceeded 20x, but he did not sell for profit.……

CleanSpark had just finished hailing the benefits of its purchase of a Wyoming crypto-mining site when the White House declared that the current operation was a national security threat that must be halted. The company says it was unaware of the order before buying the properties but intends to move forward with the acquisition. Order would mark first “the first presidential prohibition relying on the expanded authority over real estate transactions granted to CFIUS and the president.” An American bitcoin mining company, CleanSpark (CLSK), got caught up in the U.S.-China political war after buying mining sites in Wyoming within close…