Author: NBTC

Chinese cryptocurrency journalist and blogger Colin Wu has tweeted that the current situation with the bankrupt Mt. Gox crypto exchange and the funds in Bitcoin and Bitcoin Cash it owes to creditors may be beneficial for spot Ethereum exchange-traded funds recently approved by the U.S. Securities and Exchange Commission (SEC). Ethereum may potentially benefit from Mt. Gox uncertainty Wu quoted a post from the QCP Capital’s Telegram channel. The message says that the uncertainty about the Bitcoin payouts, which are to be made by Mt. Gox to its creditors in October, has the potential to benefit Ethereum when spot ETH…

Venezuelan political critics and activists have alleged that President Nicolás Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions being one of the methods they plan to use. Maduro failed to honor a free and fair election agreement scheduled for July. The disagreement led to the U.S. reinstating gold and oil sanctions imposed on some members of the Venezuelan government in late May. Chainalysis’ head of national security Andrew Fierman told Bloomberg that some regimes subject to sanctions try to evade them with crypto. Members of U.S. Congress expressed similar concerns in 2022 over whether…

Dogecoin continues to capture significant attention on the cryptocurrency market. This time, it is thanks to the growth of such on-chain value as whale-tier transactions and others, as 10 billion DOGE being transacted in a 24-hour period suggests. Let’s break down data from current indicators. A total of 1.5 thousand transactions were made with Dogecoin in the last 24 hours. While on June 7, 2024, there were 1.89 thousand transactions, and on June 9, 2024, there were only 1.18 thousand transactions. Dogecoin transactions are gaining interest and participation, as evidenced by this high level of activity. The market as a…

HC Wainwright has reiterated a buy rating with a target price of $4 for the Bitfarms (NASDAQ:BITF) stock. According to HC Wainwright analyst Mike Colonnese, Bitfarms is currently one of the “most attractively valued stocks in BTC mining.” The company’s indication that it’s open to a sale if that maximizes shareholder value suggests that any successful bid could come at a hefty premium compared to where BITF currently trades. Colonnese, who initiated coverage for the Bitcoin mining firm’s stock early this month, issued the bullish forecast for BITF in a research note published on Monday, June 17. Analysts reiterate buy…

IQ.wiki, a well-known blockchain encyclopedia, has recently announced an exclusive integration with an open-source project. As per the platform, it is integrating with Openmesh, an open-source project that targets developing data infrastructure to safely keep worldwide data. The company disclosed this development on its official social media account on X. We’re pleased to announce that @OpenmeshNetwork, an open-source project aimed at transforming data and infrastructure management has integrated the leading #AI assistant, IQ GPT Chatbot. pic.twitter.com/29SJD4TIjV — IQ (@IQWIKI) June 16, 2024 IQ.wiki Announces Integration between Its Chat Bot IQ GPT and Openmesh In its announcement, IQ.wiki expressed its enthusiasm…

The outflows offset minor inflows for a broad selection of altcoins, including ETH, LIDO and XRP. Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC. Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S, according to asset manager CoinShares. Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC’s losses. This was the largest figure since March 22. Grayscale’s GBTC was the worst affected, as it often is, experiencing $273 million of…

A massive Shiba Inu burn could occur today as popular community member “1c Dream” prepares to incinerate 100 million SHIB tokens. According to a series of X posts, the hefty SHIB burn is slated to occur today, June 13, at 18:00 EST (22:00 UTC). Famous Shiba Inu enthusiast Casey Stubbs confirmed the development, claiming the burn will be a live event. The day has come 🔥100M $SHIB burn is today 🔥Join this beautiful moment ❤Born for $SHIB and #SHIBARMY #Shibarium #ShibaSwap $SHIB $CENT https://t.co/IYGd70pKFW — 1cDREAM (@1cDream) June 13, 2024 Burns to Occur Live At the event, 1c Dream confirmed…

Chinese telecom provider Coolpad Group is making a major bet on Bitcoin mining, with an investment of about $13.5 million to purchase mining rigs for deployment in North America. According to a Hong Kong Stock Exchange filing, Coolpad plans to acquire 2,700 Bitcoin mining servers from Hong Kong-based JingYun Intelligent Technology, boosting its current mining computing power from 873,000 TH/s to approximately 1,504,800 TH/s. The Shenzhen-based company, which primarily produces mobile phones and accessories, said it has been actively pursuing opportunities in the “Web 3.0 digital currency business” since the second half of 2023. In May, Coolpad announced a $28…

Teneo Protocol, a well-known blockchain venture offering the 1st data layer concerning DePIN, has announced an exclusive partnership. As per the platform, it is joining forces with SRC.ai which is a vision data forum to create LLM regarding self-driving models utilizing road images gathered from the SRC decentralized app consumers. The platform took to its official X account to disclose the news of the respective endeavor. 🚀 Exciting news! Teneo is partnering with @SrcAi_Official, gaining access to metadata from millions of dashcams worldwide. This strengthens our collaboration with @peaqnetwork by bringing a huge number of these devices onchain with unique…

On Tuesday, Semler Scientific, Inc. (Nasdaq: SMLR), a medical software company, announced that it had purchased 581 bitcoins for approximately $40 million as part of its “bitcoin treasury strategy.” In the wake of the announcement, some paralleled the company’s strategy to MicroStrategy’s, which has entailed converting almost all of its treasury into bitcoin. Caught my 👀Today Semler Scientific announced a #bitcoin Treasury strategy similar to Microstrategy @saylor – acquired $BTC 8% of enterprise value- 5X EV/EBITDA – 8X P/E ratioA #smallcap version of $MSTR and $SMLR is in the Russell 2000 $IWM ?https://t.co/5RGbreCTaj pic.twitter.com/vajSZM4zUz — Thomas (Tom) Lee (not drummer)…