Author: NBTC

Riot Platforms reported a 23% increase in total Bitcoin mined in October. The Bitcoin (BTC) mining and digital infrastructure firm, whose operation is one of the largest in the industry, announced on Nov. 4 that it mined 505 BTC in October. Compared to the previous month when Riot produced 412 bitcoins, this marked a 23% increase and the best monthly production since the 2024 halving. The company also raised its daily mining average from 13.7 BTC to 16.8 BTC. Read more: Riot Platforms posts 52% decrease in Bitcoin production for Q2 According to Jason Les, chief executive officer of Riot,…

The U.S. Bitcoin spot exchange-traded funds have recorded a daily outflow of $54.94 million as of Nov. 1, and Ethereum follows suit with a $10.93 million outflow. The latest data from SoSoValue shows that the U.S. Bitcoin (BTC) spot ETFs exhibited a $54.94 million outflow on Nov. 1. The one-day net inflow of IBIT stood at $0. According to the data, the cumulative net inflow of IBIT stood at $26.14 billion. On the other hand, GBTC exhibited a $5.51 million outflow, which has brought its cumulative net inflow to -$20.16 billion. FBTC, ARKB, and BITB showcased a net outflow of…

Coinbase third-quarter net revenue missed estimates. Institutional interest in the stock is growing as it becomes a more important component of various equity indices, JMP said. The U.S. presidential election is an important short-term catalyst for both Coinbase and the industry, and may lead to a more benign regulatory backdrop, the analysts said. Coinbase (COIN) shares fell after the crypto exchange reported a top-line miss for the third quarter. The stock dropped 2% to $207.50 in early trading Thursday. The company reported earnings after the close of U.S. markets on Wednesday. KBW noted that total net revenue of $1.1 billion…

The cryptocurrency market made a significant rise, led by Bitcoin, after the possibility of the FED cutting interest rates by 50 basis points increased in the new week. BTC price has risen by over 10% in the last week. However, there will be large unlocks in many tokens, including some major altcoins, in the new week. Here is the token unlock calendar that we have prepared for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Arbitrum (ARB) Market Value: $1.85 billion Amount of Tokens Unlocked: $49.67 million (2.68% of market cap) Date: September 16, 2024, 03:00 Worldcoin…

Binance CEO Richard Teng has revealed the strategy the exchange will follow to regain its growth trajectory. Teng stated that the real objective is to attract outsiders to crypto, downplaying the recent decline of Binance in the exchange market. Binance Reveals ‘Compliance First’ Strategy to Recover Market Share Binance, the largest cryptocurrency exchange in the world, has outlined the steps to follow to recover its growth path. The exchange, which pled guilty to violations related to the Bank Secrecy Act (BSA) and failure to register as a money-transmitting business, is planning to lean into its new compliance-first strategy to attract…

Bitcoin mining firm Sangha Renewables aims to help renewable energy companies start their own bitcoin mines. Green power producers often struggle with stranded energy and are even sometimes forced to pay the market to take excess electricity. Sangha is closing a 19.9 MW deal to open its first facility in West Texas; the operation is projected to generate 900 bitcoin over the next 10 years. What if renewable energy companies mined bitcoin? That’s essentially the question that Spencer Marr, the charismatic 37-year-old president of bitcoin (BTC) mining firm Sangha Renewables, asked himself at the tail end of the 2017 crypto…

The prices and trading activities identified significant movement in the cryptocurrency market. According to recent data from Phoenix, the market capitalization reached $2.33 trillion, with a trading volume of $83.05 billion in 24 hours, with $BTC and $ETH dominating the market. Bitcoin ($BTC) raised its price to $69,595 with a dominance rate of 59.0 %. Bitcoin Dominates as Investor Confidence Grows Bitcoin’s 59% dominance signals investor confidence as BTC maintains its momentum. The increased attention towards $BTC reflects a growing shift among traders favoring established assets in uncertain market conditions. Meanwhile, Ethereum’s market position remains solid, $ETH raised its price…

With the U.S. experiencing a decline in its share of crypto developers, the country may be jeopardizing its leadership position in the swiftly changing crypto economy. The United States is experiencing a decline in its share of crypto developers, prompting concerns over its leadership in the blockchain space. Recent data from Maria Shen, general partner at blockchain venture firm Electric Capital, reveals that the U.S. now represents only 18.8% of global crypto developers. https://twitter.com/MariaShen/status/1851702779946901968 The U.S.’s developer share has also fallen by 51%, suggesting that the country may be losing its competitive edge. Shen attributes this shift to a challenging…

Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is set for a major upgrade that will increase its security and scalability. Shiba Inu’s marketing executive Lucie announced that the upgrade would target Puppynet, Shibarium’s testnet. Puppynet to Get Update That Brings Ethereum’s ‘Best Practices to Shibarium’ Puppynet is scheduled for an upgrade on Friday at 2:30 a.m. ET at block 4,697,000. The changes include the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork. These enhancements aim to improve network performance, security, and overall efficiency, offering users a smoother experience. “This upgrade is for…

OSL Group has signed an agreement to acquire over 80% of Japan’s FSA-licensed crypto exchange CoinBest, marking its entry into the Japanese crypto market. Hong Kong‘s licensed crypto operator OSL Group has announced plans to acquire an 81.38% stake in CoinBest, a Japan-based crypto exchange licensed by the Financial Services Agency. In a Nov. 4 press release, OSL said the acquisition, led through its Japanese subsidiary, marks the group’s “strategic step” into the Japanese market, which is seeing rapid growth in crypto adoption and boasts over 5 million active crypto accounts as of 2023. “Through the acquisition of CoinBest, OSL…