Author: NBTC
Hut 8 Corp., a Cryptocurrency Mining company and major energy operator in North America, announced the purchase of 31,145 BITMAIN Antminer S21+ units as part of its initial ASIC fleet upgrade. The company has agreed to a price of $15.00 per terahash for these miners, which are scheduled for delivery in early Q1 2025. Asher Genoot, CEO of Hut 8, Source: LinkedIn Hut 8 plans to use these new miners to improve the efficiency of its 111 MW self-mining capacity at existing sites. Once operational, the upgrade will increase Hut 8’s self-mining rate by about 3.7 exahashes per second (EH/s),…
Strive Enterprises, Inc. has launched a wealth management business in Dallas, Texas, with plans to integrate Bitcoin into mainstream investment portfolios. This move is part of Strive’s broader strategy to offer clients a hedge against economic risks like high debt levels, inflation, and potential global instability, according to a company press release. Strive stated that it “intends to be the leading financial firm thoughtfully integrating Bitcoin into client portfolios” and is incorporating Bitcoin (BTC) into its investment strategy to “hedge against risks Strive expects to persist over the next several decades.” You might also like: Tether breaks total assets record…
Today’s cryptocurrency market has been notably active, with several digital assets experiencing significant gains. Leading the day is Walken ($WLKN), which has surged by an impressive +30.7%, according to Phoenix, a crypto media outlet. Such a significant rise underlines the effectiveness of the asset and its rising popularity among investors. A rise in such a magnitude establishes a trend in today’s market performance and highlights the optimism on $WLKN. $WLKN is available on the HTX crypto exchange. DAILY GAINERS$WLKN +30.7% $LIKE +27.0% #BIGTIME +23.3% $REEF +21.7% $DRIFT +20.8% $ETN +19.7% $STPT +17.5% $CKB +13.6% $TWT +9.6% $TRU +9.3%#dailygainers pic.twitter.com/TF4hVqUSbr —…
Pakistan moves to legalize crypto as the government proposes amendments to the SBP Act, signaling a shift in its financial policy. According to a report by The Express Tribune, the amendments would allow the SBP to issue digital currency and manage the country’s money in both physical and digital forms. The amendments also include the proposal to grant the SBP power to conduct “central bank digital currency” business, adding that CBDCs could operate as a legal tender. Moreover, the SBP plans to establish a subsidiary to develop and operate digital payment systems, the report reads. You might also like: Pakistan…
Leading crypto exchange, Binance announced it will list Cow Protocol (COW) and Cetus Protocol (CETUS) and open trading for their spot trading pairs on November 6, 2024, at 12:00 (UTC). As per the announcement, the new trading pairs available will be COW/USDT and CETUS/USDT. Note that users can deposit COW and CETUS starting two hours prior to the launch of trading, however, withdrawals for these tokens will be available from November 7, 2024, at 12:00 (UTC). Notably, Binance is not charging any listing fee for these additions. Smart Contract Details: COW Protocol (Ethereum): 0xDEf1CA1fb7FBcDC777520aa7f396b4E015F497aB CETUS Protocol (Sui): 0x6864a6f921804860930db6ddbe2e16acdf8504495ea7481637a1c8b9a8fe54b::cetus::CETUS Both the…
A couple of summers ago, I used to order lunch via Grubhub while working long days in the office. When ordering, I always made sure I was logged into Lolli, a bitcoin rewards platform with a browser extension, so that I earned sats back on my purchases. I eventually stopped eating out so much and began cooking food at home, and over time, I mostly forgot about how I used to stack sats on everyday purchases with Lolli. However, I recently checked my wallet and found 312,770 sats that had risen in value to be worth $220 at the time…
VeChain and UFC have announced a partnership to advance the sustainability realization of the VeBetter ecosystem. The VeBetter platform was built in collaboration with the Boston Consulting Group (BCG) to use Decentralized Applications (dApps) to encourage sustainable activities. The world-leading mixed martial arts organization UFC has announced a strategic upgrade to its partnership with enterprise-grade blockchain VeChain (VET). According to the report, this collaboration would advance the VeBetter ecosystem while achieving its long-term sustainability goals using groundbreaking solutions. It’s official: We’re excited to announce the upgrade to our global partnership with the @ufc, as we join forces to grow the…
Ripple’s Brad Garlinghouse reveals his “de-banking” experience, reflecting regulatory pressures on notable crypto figures. Operation Chokepoint 2.0 highlights banking restrictions as U.S. regulators allegedly pressure banks to limit services for crypto leaders. Garlinghouse sees U.S. crypto policy changes ahead, encouraging optimism and support from both political sides for crypto growth. The CEO of Ripple Brad Garlinghouse talked about his experiences with “de-banking,” whereby he blamed the practice on regulatory constraints on the cryptocurrency sector. Garlinghouse talked about how, after 25 years with Citibank, he was given just five days to transfer his money out of his account. Citibank reportedly attributed…
Bithumb, one of South Korea’s largest exchanges, facilitating the withdrawal of 1.586 billion XRP. According to Whale Alert, the first significant transaction involved 586.09 million XRP, valued at approximately $296.95 million, sent to a newly created wallet, “rPyCQ,” just a day ago. This was the largest of three transactions, with the others comprising 200 million XRP and an additional amount close to that, amounting to a total of about $202.76 million. All these withdrawals were directed to newly established wallets. While large withdrawals from exchanges are typically viewed positively—often interpreted as major players moving assets to secure storage—this case appears…
Michael Saylor, Executive Chairman of MicroStrategy, recently tweeted about Bitcoin, which has sparked interest in the crypto community. “We only have winners on Team Bitcoin,” Saylor declared. The upbeat message came as Bitcoin (BTC) regained the $71,000 mark after falling below $69,000 earlier in today’s trading session. His latest tweet, referring to Bitcoin holders as “winners,” captures his optimistic outlook and hints at his belief in BTC’s long-term value despite recent market volatility. We only have winners on Team #Bitcoin. pic.twitter.com/7RjYmG0q8l — Michael Saylor⚡️ (@saylor) November 1, 2024 Bitcoin recovered some of its losses following two days of drops, reaching…