Author: NBTC
Bitcoin miner Stronghold Digital Mining (SDIG) has started exploring strategic alternatives that could include a potential sale of the company. “The company is considering a wide range of alternatives to maximize shareholder value, including, but not limited to, the sale of all or part of the Company, or another strategic transaction involving some, or all of, the assets of the Company,” the miner said in a press release on Thursday. Stronghold, the company that turns piles of coal waste into energy to mine bitcoin, said the move comes as there is a “valuation dislocation” of the stock compared to its…
Prominent Bitcoin detractor Peter Schiff recently took to the X social media network (formerly Twitter) to predict that the price of Bitcoin (BTC), the largest cryptocurrency, will plunge back to the $20,000 level. The gold bug argues that it would still be a “high” price for the leading cryptocurrency. In such a case, he estimates that business intelligence company MicroStrategy, which is known as the largest corporate holder of Bitcoin, will have to face an unrealized loss of $3.25 billion. Schiff has also accused MicroStrategy, which owns a total of 214,400 Bitcoin, of manipulating the largest cryptocurrency. The gold bug’s…
The world has significantly improved since crypto made its way to the table. Undoubtedly, through crypto, NFTs (Non-Fungible Tokens), blockchain technology, and the Web3 universe, users will experience many new things that will change how we look at and use the online space. And if you are passionate about NFTs but don’t always feel that it is profitable to buy them, we’ve prepared some NFT airdrops and NFT giveaways for April that might catch your attention. Ethereum NFT Drops 1. Neura Core Sale time: May 1, 2024 – May 8, 2024 Neura Core is an NFT collection consisting of 32…
In this historical period there are some cryptocurrencies whose prices are performing in a particularly unique way: we are talking about Ondo, Patex and Bonk. Latest crypto news at Ondo, Patex, and Bonk prices The trend of Patex The trend of Bonk Latest crypto news at Ondo, Patex, and Bonk prices Ondo is one of the most interesting cryptos at the moment. ONDO is the Ethereum token of Ondo DAO, and grants specific rights in Flux Finance. The Ondo Finance project is related to the tokenization of real assets (RWA, Real World Asset), which is one of the fastest growing…
Senators Elizabeth Warren and Angus King have asked the heads of the Department of Defense and the Department of the Treasury to explain what they’re doing about Iran’s crypto mining. A letter from the lawmaker argued that the nation is relying on mining to fund itself outside of the reach of sanctions. U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions. Warren and Sen. Angus King (I-Maine) sent…
Bitcoin and cryptocurrency markets are in an important week where critical decisions will be announced. The most important of these is undoubtedly the FED’s interest rate decision and the subsequent statements by FED Chairman Jerome Powell. BTC and the market are experiencing a general correction as they prepare for the FOMC meeting. As BTC price falls below $61,000 during this correction, analysts are predicting potential volatility for Bitcoin and Ethereum (ETH). At this point, while investors were worried about the continuation of the declines, popular analyst Michael van de Poppe stated that he expected BTC to rise after the FOMC…
Ethereum closed Wednesday’s non-fungible token (NFT) sales as the top blockchain in the market, with US$6.87 million, CrptoSlam data shows. The platform witnessed a slight decrease in total transactions to 14,840, compared to 14,987 the previous day, yet it maintained a high level of activity with 4,229 unique buyers and 3,304 unique sellers. Ethereum closed its worst monthly NFT performance since October 2023. In April, Ethereum recorded US$241 million in sales, which is more than half of the US$489 million it had in March, according to CryptoSlam data. Bitcoin was Wednesday’s second-ranked position for NFT sales. Its gap from Ethereum…
In a recent post on the X social media platform, Glassnode co-founder Yann Allemann has opined that the price of Bitcoin, the leading cryptocurrency, could end up crashing all the way back to the $52,000 where it would be expected to find some stability. However, he is bullish on the largest cryptocurrency since he believes that it will be able to attract buyers and reinforce the current uptrend. Even though the largest cryptocurrency experienced a significant correction over the weekend, Allemann still sees potential signs of recovery that are currently emerging. The analyst sees the Exponential Moving Average (EMA) as…
Founders of rabbit r1, a supposed competitor to the smartphone, are also behind the launch of a failed NFT project that they’re reportedly hiding from the web. The $200 rabbit r1 was created by CEO Jesse Lyu and billed as the ‘future of human-machine interface.’ However, its sleek design and funky scrolling weren’t enough to woo techies and the device was roundly criticized on release. Now rabbit r1’s negative reception has brought attention to Lyu’s prior work on a failed NFT project called Gama. Lyu was CEO of Gama’s parent company, Cyber Manufacture Co., before it rebranded to rabbit Inc.…
On-chain data shows a significant movement of XRP by Ripple as the cryptocurrency’s price grapples with $0.61. In the past few months, the price of XRP has underperformed against the rest of the market. The recent revelation of a potential $2 billion for Ripple in its lawsuit with the U.S. Securities and Exchange Commission (SEC) also did not help XRP’s course in the past week. Amid the turmoil, on-chain evidence also shows Ripple moving large sums of XRP. On Thursday, a blockchain address associated with the company transferred 130 million XRP ($79 million) to another wallet. The dynamics surrounding the…