Author: NBTC
Publicly listed Wall Street Bitcoin (BTC) miner Bitfarms (NASDAQ: BITF) ended 2024 with increased mining hashrate and USD revenues, despite a 41% drop in production compared to the previous year. Bitfarms Doubles Hashrate, Signals Major U.S. Market Push The Bitcoin mining operator reported a 97% year-over-year increase in hashrate to 12.8 EH/s and a 40% improvement in efficiency to 21 watts per terahash. Despite these gains, the company mined 211 Bitcoin in December, down from 446 in the same month last year, reflecting increased network difficulty and competitive pressures in the mining sector. The result was among the weaker ones…
Long-term Bitcoin (BTC) holders have started taking profits since the cryptocurrency price attempted to reach $100,000. As a result, Bitcoin’s price has retraced to $93,000, affecting the value of the broader crypto market capitalization. Is Bitcoin’s price rebounding? Short-term investors may want to know as this on-chain analysis examines the chances. Activity Around Bitcoin Drops, Holders Book Gains According to CryptoQuant, Bitcoin’s long-term profit output ratio has surged to 2.86. This ratio measures the activity of long-term investors who have held the coin for more than 155 days. When the ratio is over 1, it means that these long-term Bitcoin…
If there’s one thing ParaFi wants you to know, it’s that it’s not like other venture capital firms. ParaFi Technologies, the tech infrastructure arm, helps make it stand out against the rest of the pack. “In a simple sense, we’re an investment and technology firm,” ParaFi partner Kevin Yedid-Botton told me. “We really view ourselves as a public utility provider to the blockchain ecosystem.” “From a purely business perspective, our revenue is diversified. We’re not dependent on a single stream of revenue from a single fund. We have our quant fund, we have our venture fund, we have our token…
Ripple Labs is developing a system that can push XRP into the mainstream. With massive institutional investment and general market hype, XRP price eyes brighter days. Prominent XRP community member Nietzbux on X recently called the market’s attention to revelations regarding XRP mass adoption made by a Ripple insider. Austin King, co-founder of the Omni Network, shared details of RippleNet’s functionality and strategy for XRP adoption. The Efficiency of XRP in Global Finance In an X post, Austin King, who sold his company to Ripple and then worked there, confirmed XRP’s mass adoption strategy. King shared insights into RippleNet’s design…
The Jordanian Council of Ministers approved a major Blockchain Technology Policy for 2025. This legislation seeks to enhance public trust in government performance by promoting economic modernization, increased data security, and wider transparency. The government wants to amplify blockchain adoption in the country to improve its operational efficiency while safeguarding citizens’ privacy. A Strong Focus on Transparency and Security According to the latest announcement, the government wants to implement blockchain in managing public administration operations. The aim is to increase public confidence in government performance and reduce time and cost in governmental transactions. The new policy will also support blockchain…
It was an eventful year for bitcoin miners in 2024, with the fourth Bitcoin halving and the cryptocurrency surpassing the $100,000 threshold. Kicking off 2025, three publicly traded mining companies posted double-digit gains, while others also delivered solid performances. Bitcoin Miners Ride High: Top Seven Firms by Market Cap Post Gains Currently, bitcoinminingstock.io lists around 30 publicly listed mining firms as of Jan. 2, 2025. Leading the pack in total market value is Galaxy Digital, a company offering a variety of crypto services beyond mining. Established in January 2021, Galaxy Digital now boasts a market cap of $6.07 billion. Close…
A closely followed crypto analyst says that a price correction for Bitcoin in the coming weeks could be beneficial for BTC‘s bull market. In a new video update, pseudonymous crypto strategist Rekt Capital takes a look at the Pi Cycle Top Indicator, which uses two moving averages and their crossovers to forecast market cycle peaks for Bitcoin. The trader tells his 100,000 YouTube subscribers that Bitcoin has moved so fast in recent months that the Pi Cycle Top’s 111-Day Moving Average (DMA) is now threatening to cross above its 350 DMA X2, thus creating a bearish crossover and marking a…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As we close out a historic year for bitcoin and other cryptocurrencies, some crypto-related equities are poised to end 2024 well into the green. Here’s a round-up of some of the best performers: Coinbase COIN shares started the year around $156. The stock rallied into the high-$200s in March, coinciding with bitcoin’s run-up to what was then a new all-time high of around $73,000. COIN’s big breakout came in the latter half of the year, though. Shares gained 67% between election night and Nov. 11, a…
The transition of crypto asset oversight in Indonesia from the Commodity Futures Trading Agency to the Financial Services Authority is reportedly facing delays due to a lack of supporting government regulation. According to a recent report by Jakarta Globe, the transition of crypto asset supervisory authority from the previous agency, Bappebti under the Ministry of Trade to the Financial Services Authority is set to occur by Jan. 12, 2025. However, the transfer may be delayed even further due to a lack of supporting government regulation. Chairman of the Indonesian FSA, known locally as OJK, Mahendra Siregar, assured reporters that authorities…
Bitcoin mining stocks could see massive growth in 2025, according to a report by H.C. Wainwright & Co. The equity research estimates that the market cap of Bitcoin mining companies will surpass $100 billion in 2025, up from $36 billion in 2024—a nearly 200% increase. This surge is attributed to improving mining economics and the ongoing Bitcoin (BTC) bull market, according to analysts. The report points to key factors driving optimism, including Bitcoin’s recent price appreciation and the continued success of spot Bitcoin ETFs in the U.S. These ETFs, approved earlier in 2024, have brought in $35.3 billion in net…