Author: NBTC

Cathedra Bitcoin pivots from mining to data centers to increase bitcoin holdings per share, responding to industry pressures created by the bitcoin halving and low mining revenue. Metaplanet focuses on boosting bitcoin holdings per share monthly, resulting in a 587% increase in stock value year-to-date. Bitcoin (BTC) has emerged as a significant treasury asset for public companies, a trend catalyzed by MicroStrategy’s (MSTR) decision to incorporate bitcoin into its corporate treasury in August 2020, resulting in an over 800% increase in its stock value. According to BitcoinTreasuries.net, public companies hold approximately 354,316 BTC, about 1.69% of the total bitcoin supply…

Nearly half of hedge funds traditionally focused on standard asset classes now have exposure to cryptocurrencies, according to an article by Olga Kharif published earlier today by Bloomberg. According to Bloomberg, a recent survey by the Alternative Investment Management Association and PwC found that 47% of hedge funds investing in traditional markets have ventured into crypto assets this year. This figure represents a significant rise from 29% in 2023 and 37% in 2022. Of the hedge funds already involved in digital assets, 67% plan to maintain their current levels of capital investment, while the rest expect to increase their exposure…

Crypto exchange Backpack has announced the launch of US election prediction tokens– ‘TRUMPWINS’ and ‘HARRISWINS’. With these prediction tokens, traders will be able to bet on the results of the US election. Developed by Wintermute, TRUMPWINS represents Donald Trump’s victory, and HARRISWINS represents Kamala Harris’ victory. The price value of the token will fluctuate based on market sentiment and the likelihood of each candidate winning. Who will win the 2024 US Presidential Election? 🇺🇸 Predict the result by trading the outcome tokens developed by @wintermute_t, $TRUMPWIN and $HARRISWIN. Now listed on Backpack Exchange 🎒 pic.twitter.com/AweKCKoKU4 — Backpack 🎒 (@Backpack) September…

The U.S. Securities Exchange Commission has pursued a spate of lawsuits against prominent crypto exchanges and blockchain technology companies such as Kraken, Binance, and Ripple Labs in recent years. But, the agency’s latest target, Cumberland, isn’t exactly a household name. The Chicago-based market maker—charged on Thursday with acting as an unregistered dealer of securities among other securities-laws violations—is a major player on the crypto scene, and the case against it could have ripple effects for a wide range of crypto firms and traders. The company has denied any wrongdoing. Here’s what you should know about Cumberland DRW. What is Cumberland…

Since adopting Bitcoin into its financial strategy in April 2024, Japanese company Metaplanet has seen its stock value soar. The company’s stock has jumped by an impressive 443.2%, far surpassing other major assets. This sharp rise is largely credited to the company’s bold move to embrace the cryptocurrency standard, which seems to have boosted investor confidence and driven demand. NEW: 🇯🇵 Japanese public company Metaplanet stock performance after adopting the Bitcoin strategy.The #Bitcoin effect 🙌 pic.twitter.com/TYnRL1qLyc — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Bitcoin’s Performance in Yen and Broader Market Trends Despite Metaplanet’s success, Bitcoin itself has dropped 10.1% in…

Ripple is rolling out a new suite of crypto storage services designed to help banks and fintech firms securely store and manage crypto assets, according to a new report from CNBC. The initiative is part of Ripple’s strategy to diversify its offerings beyond traditional payment settlement operations. Discussing the latest development, Aaron Slettehaugh, Senior Vice President of Product at Ripple, said the goal is to support the growing needs of businesses operating in the crypto and fintech sectors. “With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital…

A report from global investment bank Houlihan Lokey mentions innovations in cross-border payments, revealing Ripple as a growing challenger to SWIFT. A recent report from investment banking firm Houlihan Lokey discusses the improvements transforming the cross-border payments sector. The report, released in April as a Market Update, was recently spotlighted by XRP community figure WrathofKahneman (WOK). One of the observations pointed out by WOK is that Ripple, a blockchain-based payment solution, is emerging as a serious competitor to SWIFT, the dominant player in cross-border payments for decades. April market report on xborder payments from investment bankers Houlihan Lokey mentions #Ripple…

Key Takeaways Bitnomial legally challenges SEC’s classification of XRP as a security. Federal court’s previous ruling on XRP contradicts SEC’s current claims. The US Securities and Exchange Commission (SEC) has faced a second dispute this week. On Thursday, Chicago-based digital asset derivatives exchange Bitnomial said it had brought a lawsuit against the SEC over its claims that XRP futures are “security futures” under its jurisdiction. Bitnomial, regulated by the Commodity Futures Trading Commission (CFTC), had self-certified the XRP US Dollar Futures contract in August, following the final judgment in the SEC vs. Ripple lawsuit. In other words, the exchange had…

According to @OnchainDataNerd, an analytics account on the X social media platform (formerly known as Twitter), there has recently been a large Bitcoin sale initiated by a dormant crypto whale. The tweet published by the aforementioned data source says that the last time this whale showed any activity was five years ago, when they bought slightly less than 1,000 BTC on one of the world’s largest exchanges, Huobi. Now, they have begun selling that BTC on the Binance trading platform. @OnchainDataNerd spread the word about this whale moving 301 Bitcoins to Binance. This amount of the leading cryptocurrency is worth…

In a disclosure dated March 29, Tom Carper, the senior United States Senator from Delaware, revealed a March 21 purchase of $1,001 to $15,000 in Arcadium Lithium (NYSE: ALTM) shares. The mid-cap mining stock had not been traded by any U.S. politician before — and it hasn’t been traded since. ALTM is down 18.50% year-to-date (YTD) — however, the recent October 9 announcement that Rio Tinto (NYSE: RIO) will acquire the company in a $6.7 billion all-cash deal has seen stock prices rise by 30% the same day. Carper acquired shares at a price of $4.63 — at press time,…