Canada-based Bitcoin mining firm has closed its acquisition of crypto platform Stronghold. Ben Gagnon, the chief executive officer of Bitfarms, commented on the Stronghold deal in a CNBC interview. Bitfarms targets BTC mining as the core business. Bitfarms, a Canadian-based Bitcoin mining company, has finalized its acquisition of Stronghold Digital Mining, Inc. The Bitfarms team confirmed the closing of the all-stock deal, also via X. In the announcements, Bitfarms noted that the acquisition marks the “largest public-to-public” deal in the crypto mining industry’s history. “We are proud to announce the successful acquisition of Stronghold Digital (SDIG),” Bitfarms posted. “This milestone…
Author: cryphedge
The official Trump Coin (TRUMP), last near $11.50, remains stuck in an ominous short-term downtrend as the broader crypto market struggles. Over the last month, TRUMP Coin has been continually printing lower highs and lower lows, suggesting the risk of a convincing break below $10 is rising. Macro uncertainties, mainly around rising fears that the US economy might soon tilt into a recession, have weighed heavily on risk appetite in recent weeks. Over the past month, Bitcoin has slipped from close to $100,000 to current levels in the low-$80,000s. As for TRUMP Coin, things have continued to go from bad…
The world of cryptocurrency is always changing, and although mining digital currencies has been profitable for a while, fresh investment approaches are popping up that might bring in even bigger earnings this year. Alternative investment options like staking crypto are offering higher returns with lower operational costs. In this article, we’ll explore five investment options that are set to outperform crypto mining in 2025, with a special focus on crypto staking rewards and the best crypto staking platforms, including HTXMining. Liquidity Mining Liquidity Mining provides the chance for investors to earn rewards by participating in DeFi protocols while keeping their…
Bitcoin’s price swings highlight how market sentiment shifts rapidly, with fear-driven sell-offs often preceding strong rebounds and rallies. Key indicators like the Long-Term Realized Cap suggest Bitcoin’s uptrend could continue unless a critical support level breaks. Bitcoin’s recent bounce to $84,500 has once again highlighted how market sentiment swings wildly. Just days ago, prices dipped to $78,000, triggering widespread bearish sentiment, according to a recent report by Santiment. Many traders braced for further declines, convinced that the correction would deepen. Yet, as history has shown, fear-driven sell-offs often precede strong rebounds. Source: Santiment A similar scenario played out in February,…
The US Securities and Exchange Commission (SEC) is reconsidering a proposed rule imposing stricter custody requirements on investment advisers holding crypto and other assets. Acting SEC Chair Mark Uyeda stated during the “Investment Management Conference” in San Diego that the agency is evaluating whether to amend or rescind the rule introduced under the prior administration.Custody rule reassessmentInitially backed by former SEC chair Gary Gensler, the proposed rule sought to enhance investor protection by ensuring that investment advisers properly safeguard client assets. One of its proposals was to limit qualified custodians to federally chartered entities. At the time, Gensler emphasized the need to…
Shiba Inu ($SHIB) has been making waves with a considerable price upsurge over the past 24 hours. At the moment, $SHIB’s price level accounts for a 1.47% increase during the recent twenty-four hours. Irrespective of the slight dips, $SHIB has an overall bullish momentum. Hence, its price is gradually moving upward despite minor plunges. Based on this, the well-known meme coin has a substantial potential to perform a price upsurge in the near term. Shina Inu ($SHIB) Price Value At the time of writing, on March 17th, Shiba Inu ($SHIB) is changing hands at $0.00001318. This suggests a cumulative 1.47%…
The sentiment across the cryptocurrency landscape appears confusing due to huge price fluctuations. Amid this, Dogecoin (DOGE) the popular and the world’s largest crypto meme coin formed a bullish price action pattern and is poised for massive upside momentum.Dogecoin (DOGE) Technical Analysis and Upcoming Levels According to expert technical analysis, DOGE has formed a bullish inverted head and shoulder price action pattern in a four-hour time frame with a sharing a neckline at the $0.178 level.Based on the recent price momentum and historical patterns, if the meme coin breaches the neckline and closes a four-hour candle above the $0.18 level, there…
As we prepare to enter Q2, savvy cryptocurrency investors are hunting for early-stage opportunities with maximum potential returns.Amid dozens of ongoing presales, two projects keep capturing attention and capital: Best Wallet token and Solaxy.These emerging cryptocurrencies have demonstrated remarkable fundraising capability, with Best Wallet securing $11 million and Solaxy amassing an impressive $26 million.Let’s explore why these particular projects have become the focal point for strategic investment ahead of Q2.Why Best Wallet Is Attracting MillionsThe fragmented nature of blockchain ecosystems has long created unnecessary complexity for users.Best Wallet solves this fundamental problem through a unified cryptocurrency management platform that connects…
Polkadot (DOT) seems to be recovering from the recent market dip. DOT’s price has gained 3.2% in the daily charts and 6.4% in the weekly charts. Despite the rally, DOT is glowing red in the other time frames. The asset is down 8.9% in the 14-day charts, 13.3% in the monthly charts, and 54.5% since March 2024.Source: CoinGeckoAlso Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USDCryptocurrencies Recover Amid Bearish EnvironmentSource: Watcher GuruThe cryptocurrency market seems to be slowly recovering from its recent dip. Bitcoin (BTC) has reclaimed the $83,000 price level after briefly falling…
Bitcoin and Ethereum traded at key levels amid $1.7 billion in crypto investment outflows for last week. The negative flows have now stretched to five straight weeks, with outflows running for 17 straight days. BTC traded just above $83k while ETH hovered near $1,900 as of writing. Bitcoin and Ethereum prices continue to struggle amid a broader market downturn. On Monday , March 17, 2025, both BTC and ETH traded just in the green at $83,417 and $1,907. The top two digital assets by market cap were up 1.1% and 1.5% respectively. The outlook mirrored the broader crypto market, which…
