Author: NBTC
HIVE Digital revealed its November 2024 production results, including 103 BTC mined and a 67% year-over-year growth in its Bitcoin holdings. Bitcoin (BTC) mining firm HIVE Digital released its November 2024 production results, reporting a 67% increase in its BTC holdings compared to the previous year. In a Dec. 9 press release, the firm revealed it had mined 103 BTC in November, bringing its total HODL portfolio to 2,713 BTC as of Nov. 30. In terms of mining capacity, HIVE maintained an average of 5.3 EH/s, with the firm’s peak hashrate for the month reaching 5.7 EH/s. As of the…
Bitcoin (BTC) has entered an unusually quiet period as investors await the outcome of the upcoming US presidential election. According to data from Bloomberg, the BTC price has fluctuated below 5% for 34 consecutive sessions, the longest such period of stability in a year. This period of stagnation has disappointed many in the crypto community, as October has historically been a strong month for Bitcoin, earning it the nickname “Uptober.” Over the past decade, Bitcoin has only lost ground twice in October, averaging more than 20% for the month, compared with an average gain of 6% in all other months,…
As bitcoin (BTC) surpassed $100,000 and hit an all-time high on December 4, many MicroStrategy (MSTR) investors were hoping for their bags to levitate. Unfortunately, their shares — along with those of the company’s CEO Michael Saylor — dipped considerably the following morning. MicroStrategy is a BTC acquisition company that is primarily valued on a multiple of its BTC holdings. Its shares trade independently of BTC in the market based on sentiment, supply, and demand. MSTR closed at $406 on Wednesday but fell another 4.8% by Thursday. That close logged an embarrassing 28% retracement from the company’s $543 all-time high…
As per the latest data, prominent blockchains are demonstrating remarkable growth in the YoY transaction volume generating strong competition. According to the report from Swapspace, the transaction growth (YoY) for each of the top 10 blockchains shows that The Open Network (TON) is at the top of the list, governing an incredible 2492 % change in the transaction volume. TON, which has now made 241 million transactions, is the leading blockchain. 📊 Top 10 Blockchains by Transaction Growth1. TON +2,492%2. NEAR +997%3. Injective +261%4. Axelar +181%5. Avalanche +145%📍 It’s not surprising to see some less popular blockchains on the list,…
Ripple’s $150 million legal battle with the U.S. Securities and Exchange Commission took center stage during a recent 60 Minutes episode on CBS News. While the segment discussed Ripple’s legal challenges and the crypto industry’s growing political influence, CEO Brad Garlinghouse and several community members expressed frustration with the way the story was presented. After the episode aired, Garlinghouse took to X to share his concerns. He emphasized that the interview, which lasted over 90 minutes, failed to include a significant legal development: a federal judge ruled in July that XRP (XRP) is not a security when sold on public…
Riot Platforms Inc. (NASDAQ: RIOT), a major cryptocurrency mining company based in Colorado, announced earlier today that it plans to offer $500 million of convertible senior notes due 2030. The $4.3 billion company intends to involve institutional buyers in a private offering, with a three-day day option to purchase up to $75 million of the notes. The company specified that the proceeds of the offering will be used to acquire additional Bitcoin, in a bid to strengthen its BTC strategy. “The notes will be unsecured, senior obligations of Riot. The notes will mature on January 15, 2030, unless earlier repurchased,…
Serial entrepreneur and author Robert Kiyosaki is back with his investment advice to investors without a Bitcoin. He suggested investing in Bitcoin (BTC) or historically bullish traditional assets like gold and silver is always possible. Robert Kiyosaki says to buy Bitcoin, gold and silver In an X post, the author of “Rich Dad Poor Dad” acknowledged the significant growth in the price of gold over the years. This is coupled with the asset’s all-time high (ATH) milestone. The price of gold has hit all time highs. Since 2000 the people who invested in gold have done very well. I am…
The U.S. employment picture rebounded in November after weak data in October that was probably affected by hurricanes in the southeast. Nonfarm payrolls rose by 227,000 last month, according to the Bureau of Labor Statistics. Economist forecasts had been for a gain of 200,000 jobs. October’s originally reported 12,000 job gain was revised higher to 36,000. November’s unemployment rate was 4.2% against estimates for 4.2% and October’s 4.1%. The price of bitcoin (BTC) rose to $98,445 in the minutes following the data. Friday morning’s jobs numbers are among the last pieces of key economic data the Federal Reserve will see…
Ellipsis offers efficient token swaps on the BNB chain, utilizing Curve Finance’s technology for secure and low-slippage transactions. Storj revolutionizes cloud storage by connecting users with available hard drive space, rewarding them with Storj tokens for their contributions. Chiliz empowers sports fans through governance, allowing them to influence decisions while participating in the booming digital token ecosystem. Innovative platforms are emerging to redefine industries, from finance to gaming and cloud storage. Projects like Ellipsis (EPX) are streamlining decentralized exchanges for seamless token swaps, while Storj is revolutionizing cloud storage with its decentralized network. Meanwhile, Chiliz (CHZ) empowers sports fans to…
David Schwartz, Chief Technology Officer (CTO) of Ripple Labs, has posed an interesting question to former SEC official John Reed Stark. The CTO’s inquiry focuses on the “securities” classification of some digital assets in blockchain. Ripple CTO argument Schwartz has questioned Stark as to why art from an emerging artist is not a security under the SEC’s interpretation of an “investment contract.” He pointed out a similarity between crypto investments and emerging artists. According to him, money is invested, and a reasonable buyer anticipates making money off the artist’s later works. He claims this situation creates a market and raises…