Author: NBTC

Jefferies initiated coverage of bitcoin miner Core Scientific with a buy rating and a $19 price target. The company is uniquely positioned to capture the recent trend of surging demand from AI companies, the report said. The company’s mining operations are profitable and becoming more efficient, the report said. Core Scientific (CORZ) is uniquely well positioned to capture surging artificial intelligence (AI) demand given the company’s large available power supply and strong data center development team, Jefferies said in a Monday research report initiating coverage of the bitcoin miner. The bank assumed coverage of the stock with a buy rating…

A widely followed crypto analyst is predicting Bitcoin (BTC) is nearing a massive breakout. Crypto trader Michaël van de Poppe tells his 724,100 followers on the social media platform X that BTC could soon soar if the Fed starts its rate-cutting process later this month. The analyst suggests that the rate cutting would inject more liquidity into the market, which could give risk assets like Bitcoin a boost. He also believes investors will pour into the flagship digital asset as a safe haven against US economic uncertainty and currency debasement. “Bitcoin is going to surge significantly from the rate cut…

Circle Internet Financial Ltd is still holding on to its ambitions of going public despite facing headwinds that weighed on the plans. Chief executive officer Jeremy Allaire told Bloomberg that the second largest stablecoin issuer’s plans to go public were still alive, although he refuted any interest in tapping into private markets for capital. “We are very committed to the path (of going public)” said Allaire in an interview with Bloomberg in Washington. “We think we can be a really interesting company in public markets,” added Allaire. Circle Internet Financial is financially stable, according to CEO The company has made…

After weeks of mostly flat trading, Shibarium, the Ethereum-based layer-2 scaling solution, has seen an uptick in daily transactions. Per data from Shibariumscam, transactions rose by 267% from 3,090 on Sept. 16 to 11,360 as of Sept. 19. This uptick is not uncommon for Shibarium. However, a less conservative figure has characterized the protocol in recent times. Shibarium trend and SHIB response Shibarium transaction metrics underscore the level of adoption of the layer-2 network. It helps to measure the health of the meme coin project with an underlying correlation with the price of Shiba Inu (SHIB). If the Shibarium transaction…

Bithumb, a South Korean cryptocurrency exchange, is experiencing a hitch. The exchange announced that delays from its partner companies caused the inability to process Korean Won withdrawals. Bithumb reports delays in Korean won withdrawals due to partner company issuesBithumb, a South Korean cryptocurrency exchange, has announced on its official website that the platform is experiencing delays in its Korean won withdrawal services. The delays are due to issues with… — CoinNess Global (@CoinnessGL) October 28, 2024 While such announcements typically spark concern among crypto users, Bithumb users have remained calm. This is not their first experience with this issue. Last…

Marathon Digital Holdings, the world’s largest Bitcoin mining company, has launched an innovative project in which surplus heat from its mining operations will be utilised to heat the homes of residents of the Satakunta region. The pilot project, announced on June 20, 2024, uses heat generated by Marathon’s Bitcoin mining center, which utilizes the existing district heating network. This is the first time that Marathon has participated in district heating and is a significant step forward for the entire industry in terms of both energy efficiency and environmental sustainability. By recycling excess heat, Marathon reduces energy loss and at the…

The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central Bank of Brazil Considers Tokenization Potential ‘Underestimated’ In a recent panel presentation held in Washington, the Central Bank of Brazil delved into the possibilities of tokenization and its benefits to the financial system when integrated with other elements. Central Bank’s President Roberto Campos Neto, who participated in the panel before the International Monetary Fund (IMF) and the…

Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement. This move comes more than a year after the bank’s crypto division, SG Forge, launched EURCV on the Ethereum blockchain. However, the asset has struggled to gain traction, with only 28 holders, 154 total transactions, and a total supply of 33 million EUR, according to Etherscan data. Why Solana? SG Forge said expanding EURCV to Solana will enhance user experience on DeFi platforms, payment systems, and decentralized applications. According to the firm, Solana’s network is known for handling tens of…

A major development has emerged in the cryptocurrency market as Ceffu, Binance‘s institutional custody service, executed a substantial transfer of about 1.28 trillion Pepe (PEPE) coins to Binance. This transaction, monitored by Arkham, occurred recently and carries an estimated value of $11.49 million. The move has sparked renewed interest and debate over the PEPE coin’s market position and Binance’s approach toward its assets. Contents hide 1 What Does Ceffu’s Role Entail? 2 What Impact Will This Transfer Have on Prices? What Does Ceffu’s Role Entail? Ceffu serves as a key asset custody solution for Binance’s institutional clientele. By facilitating large-scale…

The price of Bitcoin (BTC) has stalled after falling above the $53,000 mark. The largest cryptocurrency fell to a low of $52,756 before recovering. Long-term forecast for the BTC price: bearish Selling pressure has reached bearish exhaustion. Bitcoin has returned to the historical price level of July 5. On July 5, the cryptocurrency rallied after hitting a low of $53,219, as reported by Coinidol.com. In addition, the Bitcoin price rose to the psychological milestone of $70,000. In the last 24 hours, the price of the cryptocurrency has remained above its historical level. Bitcoin’s uptrend will continue if the support level…