As a result, Bit Digital’s share price fell by 3.83% after the market close, ending the after-hours trade at $2.26. This change came on the heels of the company’s recent purchase of an industrial building in Madison, North Carolina, for $53 million. During this time, SharpLink Gaming has established itself...
Bit Digital (BTBT), a New York-based firm, is making a significant move in the cryptocurrency world by shifting its focus from Bitcoin mining to Ethereum staking and treasury operations. This decision marks an end to the Bitcoin mining enterprise altogether. Now, the company is pivoting its assets and capital to...
Bit Digital’s choice to abandon Bitcoin and fully commit to Ethereum staking has reverberated throughout the crypto landscape. The market's reaction? A swift kick to their stock price. But aside from the short-term pain… What does this strategic U-turn truly signify for investors such as you and I? Let's dissect...
Okay, let's cut the fluff. And now everyone’s freaking out about Bit Digital’s stock plummeting after they announced their pivot to Ethereum staking. Everyone's focusing on the short term. They see red, they panic. I’m here to tell you they’re looking at it all wrong. This one isn’t only a...
Bit Digital (BTBT) announced Wednesday it is changing its business strategy to focus solely on ether (ETH) staking and treasury operations. Through the sale of its bitcoin mining business to the New York-based firm. To fund its growing ETH strategy, it will repurpose its assets and capital into that strategy.Naturally,...
Bit Digital's recent announcement to ditch Bitcoin mining and go all-in on Ether (ETH) staking has sent ripples through the crypto community. Are they visionary strategists or are they lemmings just following the herd over the cliff? The answer, as with nearly everything pertaining to crypto, is highly nuanced. Let's...
Bit Digital Inc. (BTBT) is making a drastic business model change. The firm, which had previously built its business around Bitcoin mining, is seeking a new direction after going bankrupt last year. It is in the process of reorienting the DAO towards ETH (Ethereum’s native currency) staking and treasury management...
Bit Digital's (BTBT) bold move to ditch Bitcoin mining and dive headfirst into Ethereum staking isn't just a smart business decision – it's a signal of a fundamental shift in the crypto landscape, a shift towards sustainability, community, and a truly decentralized future. And frankly, it's about damn time!Greener Crypto...
Bit Digital’s all-in bet on Ethereum has the crypto world buzzing. Are they just pretending to play 4D chess, or are they really just about to blunder their queen? Let’s understand this historic action in a larger context—not just through a hyper-technical, data-driven lens. Throw in a hint of Malaysian...
Okay, let's cut to the chase. Even publicly traded Bit Digital is literally dumping its Bitcoin holdings to go all-in on Ethereum. You heard that right, they’re ending Bitcoin mining and swimming all-in with ETH staking. This isn't just a minor portfolio adjustment; it's a seismic shift, and it begs...
Binance's rapid ascent in the Ethereum liquid staking market, now commanding 20% through wBETH, isn't just another data point. It's a seismic shift demanding our immediate attention. This isn’t an exercise in congratulating one actor for their new market share. This is to help illuminate the potential consequences to the...
Meanwhile, Binance has been taking massive steps in the Ethereum liquid staking market, claiming a dominant 20% market share. This increase is one we should all pay attention to. Let’s take a deep dive into what’s fueling this growth, especially in contrast to incumbents such as Lido. Whether you’re a...
Should we worry that Binance is taking over Ethereum staking? Or perhaps it’s a sign that cryptocurrency is maturing and finally becoming more accessible to the masses. I’m not so sure that’s a dystopian future of centralized control. In reality, it might be the other way around. If nothing else,...
Binance Staked ETH (wBETH) has shaken up the dominance on the Ethereum liquid staking market. In fact, it currently enjoys a whopping 20% of the overall market share. Much of this growth is due to Binance’s large distribution network and easy-to-use platform. The Ethereum liquid staking ecosystem today has more...
Okay, let's talk Bitcoin. Everyone's buzzing about that $120,000 target. Standard Chartered's throwing numbers around, MicroStrategy keeps buying… it's enough to make you think we're all about to be swimming in crypto riches. But hold on a second before you take out a second mortgage on your home to ape...
Let's be honest. When you think “meme coin,” you might envision a flash-in-the-pan pump and dump. One intriguing idea for a moment, but by no means something you would gamble your retirement on. I get it. What if I told you there’s a meme coin that’s actually trying to build...
The cryptocurrency market is buzzing with activity. Bitcoin is vehemently approaching the $120,000 roadblock, Ethereum is fuming with positive energy, and altcoins establish an expectation of fortuitous growth. Pepeto takes the spotlight. Amidst this backdrop, a new meme coin, Pepeto, is capturing the attention of investors. This article explores the...
For all of the previously unimagined doors that crypto could open, there is certainly risk involved. LeeChiaJian, a blogger on crypto education, stresses the need to protect your digital currency. This isn’t merely about shopping and huddling, it’s about preventing your cryptocurrency from disappearing by way of preventable blunders. Own...