Author: NBTC

MicroStrategy has broken into the top 100 U.S. publicly traded companies by market cap, with a $96 billion market cap. MicroStrategy is now past $400 a share and is up 528% year-to-date. Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Self-described bitcoin (BTC) development company MicroStrategy (MSTR) has just breached into the top 100 U.S. publicly traded companies, currently sitting in 97th place. The company jumped 29 places on Tuesday’s performance, which saw a 12% price surge through $400 a share, now trading at $430, just as the market closed. The impressive performance coincided with bitcoin…

The ETH/BTC ratio, a metric measuring Ethereum’s price performance compared to Bitcoin, has reached its lowest point since March 2021. This development comes amid BTC’s brief rise to $98,000. While the flagship cryptocurrency has increased by 7.45% in the last seven days, ETH has hovered around the same region, with investors raising concerns about the altcoin’s future. Ethereum Continues to Lag Behind Bitcoin In February, the ETH/BTC ratio climbed to a yearly high of 0.060. During that time, speculation spread that Ethereum’s price would begin to outperform Bitcoin and validate the altcoin season. However, that has not happened, as Bitcoin’s…

Galaxy Digital is launching a $300 million private offering of exchangeable senior notes due 2029 to fund the expansion of its West Texas Helios data center and support corporate initiatives. Mike Novogratz’s Galaxy Digital Holdings announced on Nov. 20 that it plans to offer $300 million in exchangeable senior notes through a private placement to enhance its high-performance computing infrastructure at the Helios data center in West Texas and for general corporate purposes. The offering includes an option for initial purchasers to buy an additional $45 million in notes within 13 days of issuance. The notes will accrue interest semiannually…

W-Coin is turning into the next tap-to-earn hot token, will reserve 70% of its tokens for the community, with the remaining 30% to be distributed for growth. W-coin already drew in 182K subscribers to its channel, with the potential to turn into a high-profile Toncoin token. W-Coin is preparing for its launch, with 70% reserved for ‘mates’, or all game participants. The project ran a preliminary campaign of tapping, where the community had to choose between Ethereum, Solana, and Toncoin. The selection of the main chain was also known as the mining phase for W-Coin, which helped build its community.…

On Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether. As of now, ETH is holding steady at $3,331, reflecting a more than 7% gain against the U.S. dollar since the day before. ETH/USD on Nov. 21, 2024. Even with this uptick, ETH remains over 30% shy of its all-time high of $4,878 per coin, a milestone…

In a time in which blockchain innovation interacts with social problems, DWF Labs has announced that they would be providing a grant of $500,000 to $BARSIK, a project that is focused on the welfare of cats. This announcement has aroused a lot of curiosity. On November 19, the prominent Web3 corporation made the announcement that they will be providing a grant to the meme project. DWF Labs in the post said: “We are proud to support $BARSIK, a meme that combines blockchain technology with a meaningful cause.” The combination of blockchain technology, meme culture, and animal welfare may seem to…

Paxos, a leading regulated blockchain infrastructure and tokenization platform, has launched Global Dollar (USDG), a US dollar-backed stablecoin that aligns with MAS’s upcoming stablecoin structure. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’ subsidiary, Paxos Global Pte. Ltd., will partner with global exchanges, wallets, and platforms to distribute USDG to individuals and institutions. USDG is designed to support the needs of regulated institutions that maintain higher standards of operation. USDG is available today on Ethereum and will be issued on more blockchains in the near future. Paxos…

Nigeria’s proposed Investments and Securities Bill, which proposes jail terms for Ponzi scheme operators, has been welcomed by crypto industry players who hope this will help clean up the sector’s reputation. 10-Year Jail Terms Proposed for Ponzi Operators Some members of Nigeria’s digital asset industry have hailed a draft bill proposing hefty fines and jail terms for Ponzi scheme operators. They argue this would go a long way in undercutting criminals who use the term “crypto” to defraud unsuspecting investors. Additionally, they contend that removing such bad actors would help sanitize a sector long dominated by fraudsters. As widely reported…

The Bitcoin outflows from centralized exchanges and the rising whale accumulation helped it surpass the $67,000 mark again. According to data provided by IntoTheBlock, the Bitcoin (BTC) exchange net flows witnessed two days of inflows on Oct. 20 and 21, bringing the price down from the local high of $69,400. BTC CEX net flows – Oct. 24 | Source: IntoTheBlock On Oct. 22 and 23, this movement shifted back to outflows. Per ITB data, BTC recorded a net outflow of $581 million over the past week. The increased outflows show the accumulation phase. You might also like: Major Bitcoin miners…

IntoTheBlock has published a report about Ethereum, while the whole market is watching what is happening to Bitcoin. At the moment, IntoTheBlock says, Ethereum’s on-chain activity shows several potential resistance spots ahead on the chart. However, in the current market they may prove insignificant. Besides, many Ethereum owners are expecting the price to rise higher in the nearest term with selling pressure remaining at the minimum. 5 key ETH indicators to watch revealed by report The above-mentioned data source has revealed five important indicators that traders and investors should watch to get an idea of which direction the Ethereum price…