The leading cryptocurrency mining platform, NiceHash, has announced that it is moving its operations from the British Virgin Islands to Zug, Switzerland. The transition, which started in November, should be finished by the middle of December. Along with ensuring compliance with the Markets in Crypto-Assets Regulation (MiCA) of the European Union and
Japanese investment firm Metaplanet expects to achieve its first consolidated operating profit since 2017. The Tokyo-based firm projects ¥890 million ($5.8 million) in revenue for the fiscal year ending December 31, 2024. This marks a 240% increase from the ¥261 million reported last year. Operating profit is anticipated to reach
The global crypto market cap dropped 3.18% to $3.63 trillion, highlighting a broad market downturn. However, the total crypto market volume surged 0.81% to $206.04 billion, indicating sustained trading activity. Bitcoin (BTC) dropped 3.4% in the past 24 hours, trading at $103,805.29 after hitting an all-time high of $108,268.45. The
The cryptocurrency community has begun its holiday preparations with several events lined up for Christmas and the New Year. Amidst several giveaways, you might want to check out TheNewsCrypto’s Twitter for fun and exciting holiday events. Meanwhile, other members have begun discussions on how the crypto landscape would look like
Bitcoin (BTC) surged to a new all-time high of $107,780.58 before correcting to $106,618.73. BTC’s market cap now stands at $2.11 trillion, reflecting a 1.77% daily rise. Trading volume surged 29.7% to $80.6 billion. The market cap ratio remains steady with a fully diluted valuation (FDV) of $2.23 trillion. Bitfinex
One of the most prominent names in Bitcoin mining, Riot Platforms, has announced a massive increase to its cryptocurrency holdings, with the acquisition of 667 BTC, or around $67.5 million. The biggest mining operation in North America is run by this corporation, which is devoted to mining. The firm is
An update on Semler Scientific, Inc.’s (SMLR) BTC acquisition activities was released today with the confirmation of a $21.5 million Bitcoin purchase. The business provides technological solutions for chronic conditions. Overall key performance indicators and the company’s capital markets strategy were both modified. Further bitcoin consolidation is an important aspect
Bitcoin (BTC) surged past the $106,500 mark during the early Asian hours, marking another significant milestone in its ongoing rally. The surge was fueled by a series of short liquidations, with approximately USD 151 million in positions being wiped out over the past 12 hours. The liquidations came amid a
The Financial Accounting Standards Board (FASB) has officially implemented the new fair value accounting rules for Bitcoin (BTC). It is set to take effect starting in fiscal years beginning after December 15, 2024. This rule allows companies to determine their Bitcoin holdings at market value rather than just the purchase
Dan Morehead, the CEO of Pantera Capital, a leading digital asset investment firm, has reiterated his bullish stance on Bitcoin and the broader cryptocurrency market. In a recent interview with CNBC, Morehead highlighted the potential for significant growth in the space, noting his firm’s diversified holdings beyond Bitcoin. Morehead revealed
