Author: NBTC
IREN (NASDAQ: IREN) just became yet another publicly-listed Bitcoin (BTC) miner from Wall Street, which significantly increased its revenue over the last year, benefiting from higher cryptocurrency prices. According to the results for the fiscal year ended June 30, 2024, revenues grew by 145%, and the number of mined BTC increased by 30%. The company reported record Bitcoin mining revenue of $184.1 million, up from $75.5 million in the previous fiscal year. This substantial increase was driven by growth in operating hashrate and higher Bitcoin prices. IREN mined 4,191 Bitcoin during the year, compared to 3,259 in fiscal year 2023.…
Orochi Network and Kima Network have announced a strategic collaboration to promote blockchain interoperability and data integrity in decentralized ecosystems. Working together, the two platforms may bring their respective strengths to bear, which could lead to exciting new developments in the Web3 ecosystem. 1/5🌟 Kima Network x Orochi🌟We are thrilled to announce that Kima Network has partnered with @OrochiNetwork – the world’s first zero-knowledge modular data availability layer.In this partnership…👇👇👇 pic.twitter.com/fwbHOx4GBy — Kima Network (@KimaNetwork) August 27, 2024 The revolutionary Zero-Knowledge Operating System (zkOS) developed by Orochi Network tackles vital issues related to data availability, compute limits, and data correctness…
Celsius has distributed over $2.53 billion to more than 251,000 creditors as part of its bankruptcy process. Another 121,000 eligible creditors have yet to successfully claim their distribution. Celsius’ bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report on the payouts. The disbursements were made in liquid cryptocurrency and cash at Jan. 16 prices. They cover roughly two-thirds of all eligible creditors of the crypto lender by number and about 93% of the eligible value, the administrator said in a Monday court filing. Another 121,000 eligible creditors with an average…
It looks like big investors, also known as whales, are buying a lot of $LINK. Over the past week, 54 new wallets took out 2.08 million $LINK tokens from Binance. The value of these Chainlink tokens is about $30.28 million. It seems that whales/institutions are accumulating $LINK!We noticed that 54 fresh wallets withdrew 2.08M $LINK($30.28M) from #Binance in the past 7 days.https://t.co/SkqA1r0F1N pic.twitter.com/VkPt0kwPb4 — Lookonchain (@lookonchain) July 2, 2024 Large Chainlink ($LINK) Purchases Hint at Price Increase This information came from Lookonchain which is an online platform that monitors transactions in cryptocurrencies. For instance, whenever whales or institutions start to…
When you get a “GM” from Sota Watanabe, it doesn’t mean “good morning.” Watanabe, CEO at Startale Labs and founder of Astar Network, instead wants it to mean “go mainstream.” That’s the slogan — and ambition — of Sony Block Solutions Labs in launching Soneium, a joint venture with Watanabe’s company. The network’s “Minato” public testnet is set to go live following the WebX 2024 conference on Wednesday in Japan. In positioning Soneium as a cornerstone in the push for mainstream Web3 adoption, Watanabe repeated the common refrain that this iteration of blockchain technology will onboard the next billion users…
In a revealing social media post on August 14, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his initial analysis of the Q2 Bitcoin ETF 13-F filings with the U.S. SEC. Let’s dive into the key takeaways from Hougan’s observations. Institutional Interest Continues to Grow Despite a downturn in Bitcoin prices during Q2, Hougan reports a significant increase in institutional involvement with spot Bitcoin ETFs. He notes a 30% rise in the number of holder<>ETF pairs, jumping from 1,479 in Q1 to 1,924 in Q2 across all ten spot Bitcoin ETFs. It’s essential to understand what Hougan means…
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather lackluster, dropping 4.3% compared to the previous week. Total sales reached $90,678,150, with Ethereum-based NFTs leading the charge at $32,195,968, although this figure represents an 8.26% decline, according to cryptoslam.io data. Solana claimed the second spot with $19.4 million in sales, marking a 6.39% increase…
The crypto market has struggled since the launch of spot ether ETFs, the report said. Citi noted that spot bitcoin and ether ETFs have seen net outflows in the past month. Stablecoins have been the outlier, with market caps continuing to grow, the bank said. The cryptocurrency market has struggled since the launch of trading of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. on July 23, Citi said in a research report on Friday. The bank noted that other risk assets have also been weak over this period, but crypto has underperformed since the post-nonfarm payrolls (NFP) rebound,…
Aethir’s ATH token launched, securing listings on 15 exchanges. Checker Nodes powered Aeithir’s Mainnet, earning rewards. Staking service offers attractive rewards for community support. June 2024 marked a pivotal moment in Aethir’s history, as the company achieved remarkable milestones. With ATH—the utility token at the core of Aethir’s DePIN stack—taking center stage, the community witnessed groundbreaking partnerships and exciting benefits. June was incredible for Aethir!From ATH launch, staking, EcoDrop 2, and Aethir Edge Sale Round 2 to the Aethir Mainnet launch, we delivered it all to our community 🔥Plus, we unveiled a fresh new look, turning Aethir green💚Our latest blog…
Cryptocurrency analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC). Svenson tells his 79,000 YouTube subscribers in a new video that Bitcoin is primed to see “continued upside, a continued recovery.” “The reason why is because the stock market is bouncing right back.” Source: Kevin Svenson/X According to Svenson, the S&P 500 stock index’s bullish performance after a double-digit correction could fuel a Bitcoin rally. “The S&P went down almost 10% and is now down only 4% from the top. So the S&P has reclaimed more than half of that dip. A lot of people were fooled…