Author: NBTC

Bitcoin miners are seeing an influx of investor interest following Core Scientific’s AI deal with CoreWeave, the report said. Iris Energy is best positioned to take advantage of the growing HPC/AI opportunity. Investors are waking up to the alternative use cases for mining facilities and the value of power access. The bitcoin (BTC) mining sector is attracting a wave of investor interest following Core Scientific’s (CORZ) deal with artificial intelligence (AI) company CoreWeave, JPMorgan (JPM) said in a research report on Monday. The bank notes that the total market cap of the 14 miners it tracks has grown by 22%,…

In a display of crypto market’s potential, the total net inflow of Bitcoin spot ETFs on May 22 reached a record high of $154 million, as annotated by SoSoValue data. Remarkably, this marks the eighth consecutive day of net inflows into these funds, signifying a sustained investor interest in Bitcoin through regulated financial instruments. BTC/USD 24-Hour Chart (Source: CoinStats) As of press time, Bitcoin (BTC) is trading at $69,558.17, reflecting a modest increase of 0.34% compared to the previous day. Despite this slight uptick, Bitcoin remains 5.84% below its all-time high. Additionally, the current market capitalization is $1.37 trillion, reflecting…

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350 support levels. Ethereum Price Dips Further Ethereum price struggled to start a fresh increase above the $3,550 zone. ETH followed…

The Root Network (ROOT) price increased 15% in the past 30 days, showing a yearly return of 4.4%. KARRAT surged 60% in the past week, offering a Year-to-Date return of 17%, trading at $1.09. CoinEx Token (CET) added 87% over the past month, indicating strong bullish sentiment in the market. The cryptocurrency market has seen a notable shift towards low-cap altcoins, which are displaying significant growth potential. In this article, we highlight three low-cap altcoins that are poised for impressive gains in the coming weeks: The Root Network (ROOT), KARRAT (KARRAT), and CoinEx Token (CET). The Root Network (ROOT) is…

As former President Donald Trump continues to tout himself as the pro-crypto candidate, he has set his sights on the industry’s biggest villain: US Securities and Exchange Commission Chair Gary Gensler. “Gensler is very much against it,” Trump said of the SEC head’s approach to the cryptocurrency industry during a May event promoting the former president’s NFT collection at Mar-a-Lago. Jacob Helberg, an adviser to data analytics provider Palantir and one of Trump’s newest donors, told Reuters earlier this month that Trump plans to end the current “crusade against crypto…within one hour” of taking office. Trump last month paid a…

Bitcoin miner Riot Platforms (RIOT) dropped its proposal to buy peer Bitfarms (BITF) and is looking to overhaul the board before engaging in further takeover attempts. “Over the course of more than a year of attempting to engage constructively with the Bitfarms Board regarding a potential combination of Bitfarms and Riot, it has become evident to Riot that good faith negotiations simply will not be possible until there is real change in the Bitfarms boardroom,” Riot said in a press release on Monday. The miner is nominating John Delaney, Amy Freedman and Ralph Goehring to replace the current Bitfarms board…

Samson Mow, former Blockstream CSO and now the chief executive officer at a Bitcoin adoption-focused company Jan3, is a radical Bitcoin maximalist. As the day of the SEC when it is due to reveal its decision on spot Ethereum ETFs is drawing closer, Mow began to slam Ethereum-based ETFs. In a recent tweet, this “$1 million Bitcoin” advocate wrote that he is expecting them to be beaten by Bitcoin-based ones. Besides, he believes now it is the last time for holders to sell Ethereum at a good price against Bitcoin. “Last chance to sell ETH above 0.05 BTC” Samson Mow…

Key Points: On June 22, the median Ethereum gas price fell to 2.9 gwei, the lowest since January 2020, following the Dencun upgrade on March 13. The Dencun upgrade introduced EIP-4844, reducing Layer 2 transaction costs by over 90% and easing the burden on the mainnet. On June 22, the median Ethereum gas price dropped to 2.9 gwei, marking the first time it has been below 3 gwei since January 2020 and the third-lowest daily gas fee in the past five years. Read More: When are Ethereum gas Fees the Lowest? And How to Reduce Transaction Costs? Ethereum Gas Prices…

Here is how a $100 weekly investment in Shiba Inu since August 2020 could have grown to $641 million by 2024, showcasing a 3,241,253% growth rate. Since its debut in August 2020, Shiba Inu has shown remarkable progress as a cryptocurrency investment, capturing the attention of both novice and experienced investors. Its journey from obscurity to fame in just over a year is a testament to the unpredictable nature of the crypto space. Consequently, many investors who recognized the potential of Shiba Inu early on have witnessed significant returns on their investments, exhibiting the benefits of regular, consistent investing. $100…

Consensys head of litigation Laura Brookover said the company would continue to sue the SEC as the “battle” for regulatory clarity is “far from over.” In a June 21 interview with CNBC, Brookover said that despite ending the Ethereum 2.0 investigation, the SEC did not provide any regulatory clarity regarding Ethereum’s classification. She added that the firm will continue to fight for more clarity around digital assets. Brookover also said that two SEC investigations remain underway to determine whether Consensys violated securities laws through the swap and staking features of its MetaMask wallet. The regulator previously sent a Wells notice…