Author: NBTC

In the sector of stocks related to bitcoin mining, it seems that there is a company with great growth potential. Analyst Mike Colonnese of H.C. Wainwright has, in fact, reiterated the “buy” rating with a target price of 27 dollars for the shares of CleanSpark (CLSK). Bitcoin Mining: the rating “buy” for CleanSpark shares with a target price of 27 dollars Bitcoin Mining: the potential of CoinSpark shares related to the hashrate The record of the total market of securities followed by JP Morgan Bitcoin Mining: the rating “buy” for CleanSpark shares with a target price of 27 dollars From…

Luxembourg-based cryptocurrency exchange Bitstamp has puzzled the XRP community with a mysterious post that shows the XRP logo superimposed onto a full moon. Alongside the picture, the exchange posted a caption that reads, “I took this picture of the moon last night.” Within the crypto jargon, “to the moon” is one of the most overused phrases, alongside its various derivatives. The phrase indicates extreme bullish sentiment, with market participants anticipating rapid price appreciation. The origin of the phrase is rather unclear since it is not unique to the crypto space, but it is believed that it was first used within…

An Airbnb host has added an unusual new rule after discovering her guests had been mining crypto at her property. The host, Ashley, shared on TikTok that her guests left the house in great condition and even received a five-star review. However, she was shocked to receive a $1,500 electricity bill. Upon reviewing footage from her external security cameras, Ashley noticed the guests had brought in over ten computer rigs and set up a makeshift electric vehicle charging station. After contacting the guests and providing evidence, they admitted to mining crypto during their three-week stay, reportedly earning over $100,000. You…

Offchain Labs, a venture-backed firm with traction across the crypto space, aims to boost further development and adoption of blockchain via a new platform dubbed Tandem. The Offchain Labs developer team’s ecosystem footprint includes core contributions to the development of Prysm, a consensus client for Arbitrum (ARB) and Ethereum (ETH). Tandem is the team’s latest project aimed at bolstering blockchain innovation. In September 2023, Offchain Labs teamed up with Espresso Systems, the platform behind the Espresso Sequencer, to help Ethereum rollups and developers achieve interoperability. Read more: Offchain Labs, team behind Arbitrum, locks over $3.7b of ARB for 4 years…

Renowned rapper Drake, known for flaunting his extravagant lifestyle on Instagram, recently placed substantial Bitcoin bets on the outcomes of both the NBA Finals and the NHL Stanley Cup Finals via his partnered betting platform, Stake. However, his $500,000 wager on the Dallas Mavericks winning the NBA championship has gone awry, and he could face a similar fate with his NHL bet on Tuesday. On June 6, Drake shared a screenshot on Instagram revealing his $500,000 Bitcoin bet on the Dallas Mavericks, which would have yielded a payout of $1.375 million had the Texas team emerged victorious. “Dallas cause I’m…

The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the UAE’s position as a global leader in digital finance. However, challenges such as the lack of standardized accounting for digital assets and the need for robust cybersecurity were highlighted. CBDCs Could Potentially Transform Banking The Institute of Chartered Accountants in England and Wales (ICAEW) partnered with the United Arab Emirates (UAE) Banks Federation to help companies navigate the digital asset landscape. The collaboration…

Kaia Ecosystem has announced a new partnership with HashKey Group, a prominent end-to-end digital asset financial services group based in Asia. This collaboration aims to enhance the digital asset landscape by leveraging the strengths of both entities. As part of this partnership, the HSK airdrop campaign is now live, offering community members a chance to claim a share of 10 million HSK tokens. Participants who join through the Klaytn-specific link will enjoy additional HSK rewards. This initiative is set to engage and reward the active community while promoting the HashKey platform token, HSK. 📣 We are thrilled to announce our…

DeFi researcher Michael Nadeau predicts a fierce competition between Coinbase and Robinhood in the coming years. The two fintech giants are battling for dominance across various crypto sectors, from trading to staking and even potential banking services. The most interesting fintech battle for the next 5 years is going to be @coinbase vs @RobinhoodApp .Below are some of the battlefronts they’ll be competing on:1. Trading. Coinbase charges trading fees, Robinhood does not.2. Tokenization. Robinhood is already a registered… pic.twitter.com/von8p8jDGa — Michael Nadeau (@JustDeauIt) August 13, 2024 Nadeau pointed out the difference in trading operations between the two. Coinbase charges fees…

Bitcoin (BTC) has witnessed a strong bearish momentum after three days of consolidation, leading to its price fall below the $66,000 mark. Bitcoin is down by 0.9% in the past 24 hours and is trading at $65,600 at the time of writing. The asset’s market cap also dropped below the $1.3 trillion mark for the second time this month. Bitcoin’s daily trading volume, however, increased by 125%, reaching $36.3 billion. BTC price, RSI, exchange activity and exchange balance as of Jun. 18 | Source: Santiment According to data provided by Santiment, the BTC exchange inflow surged by 137% over the…

India central bank’s Michael Debabrata Patra warns CBDC could be falsely considered as a “safe haven,” increasing bank run risks. Central bank digital currencies, touted for their potential to enhance financial inclusion and reduce settlement risks, may also pose significant risks to banking stability, Indian newspaper Business Standard reports, citing Reserve Bank of India deputy governor Michael Debabrata Patra. Addressing the matter, Patra warned that CBDCs could be falsely considered as “safe havens” during financial crises, making uninsured bank deposits more susceptible to mass withdrawals and potentially triggering “bank runs.” Patra also emphasized the growing relevance of CBDCs for deposit…