Author: NBTC
Michael Saylor, MicroStrategy’s founder and Chairman, has once again reaffirmed the role of Bitcoin (BTC) role as a reserve asset. Saylor’s recent statement comes after a bold Bitcoin move by Marathon Digital Holdings, a renowned crypto-mining firm. Saylor’s Bullish Bitcoin Statement “Bitcoin is the world’s best strategic treasury reserve asset,” says Saylor, highlighting a recent post from Marathon. The mining firm announced the completion of a $300 million convertible senior notes offering due in 2031. #Bitcoin is the world’s best strategic treasury reserve asset. https://t.co/gvBIVktU8t — Michael Saylor⚡️ (@saylor) August 15, 2024 Subsequently, Marathon sold the notes in a private…
Fabric Cryptography, a startup focused on hardware, has raised $33 million in a Series A fundraising round co-led by Blockchain Capital and 1kx. Other participating investors included Offchain Labs, Polygon and Matter Labs. The project previously had raised $6 million in a seed round led by Metaplanet. Fabric was founded by MIT and Stanford dropouts Michael Gao and Tina Ju, along with hardware veterans such as Sagar Reddy, according to a press release. The fresh funds will be used to “build computing chips, software and cryptographic algorithms,” the company said. At the heart of Fabric’s roadmap is a new processing…
Indigo Trader Funding, a prop trading firm that had earlier gone silent on its social media channels, today (Wednesday) confirmed the closure of its operations as it “failed in this business endeavour.” Finance Magnates earlier reported that the company had even applied for its name to be struck off the UK’s official register. “Indigo Trader Funding ceased trading and, as of today, has ended any agreements/partnerships attributed to the operation of the evaluation model prop firm,” noted the announcement released today by the prop trading firm. AnnouncementOfficial Statement pic.twitter.com/G166F7IRVy — Indigo Trader Funding (@IndigoFundingUK) August 20, 2024 The official announcement…
Many crypto experts and on-chain investors became excited today, when it was revealed that U.S. authorities transferred 10,000 BTC, equivalent to jaw-dropping $593 million, to the Coinbase Prime platform. Against this backdrop, the first cryptocurrency’s exchange rate dropped to $58,000 at one point, and even lower. Thanks to on-chain history, it turned out that these were crypto assets from the case of the infamous darknet marketplace, called Silk Road. The court approved an order to seize them in December 2023. Transferring assets to an exchange’s escrow address often indicates an intent to sell them. This is what has the crypto…
A few months ago, Swan Bitcoin was climbing the ranks among the world’s largest Bitcoin companies. It passed $220 million in annualized revenue, planned to IPO on the Nasdaq, was mining 1.7% of the entire Bitcoin network (11.3 exahashes per second), and scheduled its third annual conference along with an additional events business. Not only that, on May 7, Swan confirmed rumors that had circulated since January that it had partnered with Tether for its Managed Mining business. As of January 12, the company had taken in approximately $25 million of a $30 million convertible note leading into its Series…
It’s a long road ahead to the US election in November, something of which holders of political parody memecoins are likely all too aware. Tokens like boden, tremp and more recently kama are a genre all to themselves. They caught fire earlier in the year, an extension of the memecoin mania that largely gripped Solana and Base. “PolitiFi,” as it’s come to be known, is a catch-all term for memecoins and social tokens with a political bent. They’re usually named after a politician or pundit. But a subset of those tokens has its own nomenclature and art style — misspellings…
Amid a slow period for the price performance of Bitcoin (BTC), which has been struggling to pull itself above the psychologically critical level of $60,000, cryptocurrency analyst Ali Martinez believes it might happen very soon, placing the next target for the maiden crypto asset at $64,000. Specifically, Martinez has noticed similarities in price movements between Toncoin (TON), the native token of decentralized layer-1 blockchain The Open Network, and Bitcoin, with the former possibly “leading the way” for the latter, according to his X post on August 14. Indeed, Bitcoin’s current price performance remarkably mimics that of TON, which is currently…
The business outlined their strategy to repay creditors via PayPal’s Hyperwallet service. The cryptocurrency lender is attempting to sidestep any complications or setbacks. Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use of PayPal’s Hyperwallet service. The insolvent company reportedly cited potential problems with wire transfers as a reason for its decision to adopt Hyperwallet. Problems may arise, for…
In an unexpected and thrilling announcement, Shiba Inu’s pseudonymous lead, Shytoshi Kusama, has taken to X (Twitter) to announce its first-ever meet and greet event, stirring excitement within the SHIB community. The event is set to take place at the IVS Official Shiba Inu booth in Kyoto, marking a significant moment for the community. See you tomorrow at around noon in the @IVS_Official Shiba Inu booth for my first EVER meet and greet! I’m excited to meet you all in Kyoto #shibarmy. @Shibtoken @sheerazhasan @treatsforShib @kaaldhairya @LucieSHIB @shibarium_ — Shytoshi Kusama™ (@ShytoshiKusama) July 4, 2024 Kusama broke the news in…
On Wednesday, Bitcoin (BTC) exchanged hands for as much as $61,809 after the US Bureau of Labor Statistics (BLS) released July’s Consumer Price Index (CPI) inflation data, which came in at 2.9%, lower than what was recorded in June. However, this proved to be a “fakeout” as the leading coin’s price soon plummeted to trade below the $60,000 price mark. Bitcoin‘s Brief Rally to $62,000 A “fakeout” occurs when an asset’s price moves in one direction, often misleading traders, before quickly reversing its course. This happened with BTC, which rallied to almost $62,000 after the BLS released July’s CPI. As…