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2023-01-26 12:43:01 ​​ Argo Blockchain avoided delisting from Nasdaq

British mining company Argo Blockchain has met the criteria for listing on Nasdaq - its shares will continue to be traded on the site. This is stated in a press release.

In December, the exchange warned the firm about potential delisting - for 30 days its securities had been below $1, which was a violation of rules. Argo Blockchain later asked to suspend trading.

"To restore compliance, the company was required to maintain a minimum closing bid price of $1 for ten consecutive trading days. This requirement was met on January 13, 2023. Accordingly, the company has restored compliance with Listing Rule 5450(a)(1), and Nasdaq has confirmed that it considers the matter closed," the statement said.

Argo Blockchain applied for a listing of U.S. depositary receipts for its shares on Nasdaq in August 2021. Trading of the instrument under the ticker ARBK began a month later.

Survival Game: What's Happening to the Mining Industry in 2022

At the end of October 2022, the firm admitted that it had failed to complete a £24 million share sale.

In December, the London and New York Stock Exchanges reported that Argo Blockchain securities had ceased trading without giving a reason.

Recall that in the same month the company decided to sell Galaxy Digital flagship data center in Texas for $65 million.

At the end of December, Argo Blockchain produced 147 BTC after 198 BTC in November. The decrease in production was 25.75%. Open / Comment

2023-01-24 14:52:03 ​​ Ark Invest CEO predicts bitcoin growth in 2023

According to Ark Invest CEO Cathy Wood, the cryptocurrency market will enter a new phase in 2023. The growth of bitcoin and other virtual currencies will be the result of the U.S. Federal Reserve's monetary policy easing.

Earlier, a similar view was expressed by Bloomberg strategist Mike McGlone. He also does not exclude the entry of BTC into the bull phase and the rise of the coin to $30,000.

Kathy Wood said that macroeconomic factors will push the Fed to change course and refuse to raise the discount rate.

Ark Invest analysts predict a gradual decline in U.S. inflation to the 2% target. The market is waiting for signals from the Fed, which may abandon tight monetary policy in the second half of 2023.

That move will be a trigger for investors testing stock markets and digital currencies.

Ark Invest analysts published a report last January that said bitcoin could soar to $1 million by 2030. Open / Comment

2023-01-23 16:47:13 ​Solflare Wallet Brings 'Priority' Gas Fees to Solana

Solflare, a wallet on the Solana network, announced on Monday that its users can now pay higher gas fees to muscle through network congestion.

“[Solflare] is the first to implement this in a user-friendly way," Solrise Finance co-founder Vidor Gencel tweeted. “In-wallet transactions will automatically be prioritized with the current market price for fees, ensuring that your transactions are included faster than those in other wallets.”

"Solflare will automatically detect whether the [Solana] network is under load and slightly increase fees to prioritize your transaction over others," the company tweeted separately. "When it matters the most, your transactions will go through and be fast."

Since its launch in 2019, Solana has become a popular blockchain for NFTs and decentralized applications due to its speed and low costs. Still, those benefits have caused the popular network to fall victim to network congestion when it attempts to handle a rush of transactions. Open / Comment

2023-01-22 15:48:01 ​​ InfiniGods Studio unveiled the first Ancient Greek-themed game

InfiniMerge, the debut game from the Web3 game studio InfiniGods, has passed its beta testing phase and is now in public access.

The company said the free-to-play game, which immerses users in the landscape of ancient Greece, has attracted more than 1,000 players since its beta release. It is available on PC, but its mobile version will be available within this year.

Inspired by casual puzzle games (or Merge games) such as Candy Crush, Triple Town and City Block, but integrating blockchain technology, InfiniGods allows players to create their own in-game bonuses that can be sold to other users.

Merge games are popular for their simple mechanics and straightforward progression, and InfiniMerge combines all this with web3 elements such as digital collectibles and play-to-own rewards.

We believe that Web3 games will only reach their potential if they are fun and accessible. That's the goal we sought to achieve with InfiniMerge," said InfiniGods co-founder and CEO Damon Gura.

The blockchain startup was launched last year with $9 million raised from a number of investors, including Pantera Capital, Framework Ventures and Animoca Brands. Open / Comment

2023-01-21 19:04:42 Bitcoin broke through the $21500 resistance area in a big green candle. The local resistance is at $22800 and the main resistance is in the $24500-$25000 area.

In the next few days we will see a continuation of the uptrend. Altcoins will also show themselves well when BTC enters the range. Open / Comment

2023-01-20 14:42:59 ​​​​ Armin van Buuren raises the bar with NFT-powered fan club

Armin van Buuren, a popular electronic music artist, announced Armin’s All Access (AAA), a brand-new NFT-powered music community launching this week.

As per the official announcement, this new community will come with major perks for members. Such as exclusive access to merchandise, new songs from the artist, and a whole lot more.

While some lucky members will even have access to a private Discord page where they can speak with enigmatic star directly.

The project will also see participation from Rik Oostenbroek, a Dutch digital artist who developed the artwork for the NFTs. In total, 2,500 of these NFTs will form the collection, minted and sold at a flat rate of 0.16 ETH ($206) apiece.

All landing on the blockchain from December 14, 2022, with payments accepted in the form of cryptocurrency, credit cards, and Apple Pay. Open / Comment

2023-01-19 14:03:38 ​​ Shares of mining companies show record growth

Mining stocks surge as bitcoin rate recovers to new multi-month high above $21,000 after prolonged bear market

Shares of several BTC mining companies posted their best monthly performance in at least 12 months, according to a Bloomberg report released Tuesday.

The document noted that the MVIS Global Digital Assets Mining Index has risen 64% since the beginning of this month, in stark contrast to the 88% drop recorded last year. Bloomberg also noted that this is the best month for the index since its launch in late 2021.

Bitfarms, one of the largest Bitcoin mining companies in the industry, recorded an increase of more than 140% in the first two weeks of January. It was followed by Marathon Digital Holdings Inc. whose shares rose more than 120%. Hive Blockchain Technologies Ltd. shares also more than doubled in the same period.

The report also notes that the Luxor Hashprice Index is up 21% this year, in part a reflection of the greater benefit of bitcoin appreciation. This index shows how much a miner could potentially earn from the processing power used in the Bitcoin network.

Bitcoin's upward movement comes amid a broader market rally that has added more than $100 billion to the total capitalization of the crypto market in the past two weeks. BTC has risen more than 28% since the beginning of this year, fueling demand for mining stocks.

The soaring stock price has helped cryptocurrency mining companies ease up after the protracted 2022 cryptozyme, when stocks collapsed last year due to energy worries.

The bullish growth of 2021 has prompted some cryptocurrency mining companies to invest heavily in equipment and expansion plans. These companies borrowed huge amounts of money to fund their expansion plans, which hurt their finances during the bear market of 2022.

The cryptocurrency winter forced several leading mining companies to shut down operations. In December, Core Scientific Inc. , the largest BTC miner by processing power, declared bankruptcy.

Other cash-strapped miners, such as Riot Platforms Inc. and Bitfarms Ltd., began selling a significant portion of their reserves last year to boost liquidity. Open / Comment

2023-01-18 14:43:25 Buying some #ATOM here

Fundamentally good coin, you definitely know it. Worth buying. At the moment the price is staying above the $12 support level, good level for purchase!

Also, there is a $10.9 support, makes sense to place some bids there, just in case of Bitcoin ruins the party. Open / Comment

2023-01-17 16:20:45 ​​ Bitcoin rose thanks to Coinbase users

Quotes of the flagship cryptocurrency bitcoin (BTC) rose nearly 28% from January 1 to January 17, 2023, reaching the highest level since early November last year. The owners of the ExitPumpBTC channel on Twitter assured that it is the traders of the Coinbase exchange (COIN) who are responsible for the growth of the digital gold rate. Coindesk analysts stressed: the Nasdaq-listed public trading floor was not the only source of bullish pressure.

The Coinbase Premium Index, which measures the spread between the Coinbase BTC/USD and BTC/USDT pair on Binance turned positive last week and rose to a value of 0.039 over the weekend. According to analytical company CryptoQuant, - this is the highest level in the last 3 months. This indicator demonstrated that the buying pressure of traders on Coinbase was much stronger than on other trading floors.

Deutsche Digital Assets head Andre Dragosh reported that "the price premium between bitcoins traded on Coinbase versus BTC on Binance remained positive during the week, indicating increased buying interest from institutional investors versus retail investors."

According to Coinalyze.nеt experts, the initial rise in bitcoins from $17,000 was caused by active trading on the Binance exchange in the BTC/BUSD pair. At the same time, buyers from other platforms, including Coinbase, intervened later.

Clara Medali, head of crypto research at Kaiko, assured that Bitstamp, Kraken, Bitfinex and LMAX Digital saw a noticeable increase in average transaction size. There was also a slight increase in this indicator on most other exchanges, including Binance. Earlier, it became known that the average transaction volume on the largest trading floor increased from $700 to $1100 during the period from January 8 to January 15, 2023 Open / Comment

2023-01-16 20:03:49 ​​ ​US Bankruptcy Court Rules Celsius Deposits Belong to the Firm

A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and FTX.

A U.S. bankruptcy court has made a key ruling in the conflict that Celsius, a former cryptocurrency lending firm, and its customers, maintain over the ownership of deposits. Judge Martin Glenn, of a New York-based bankruptcy court, ruled in favor of the company, stating that it has the right over these funds, allowing it to harness the assets in any way, including lending, selling, and pledging these assets for investment purposes.

The company had filed a motion to get approval for selling $23 million from its stablecoin stash on Sept. 15, and this ruling frees the path for the company to complete this operation. The decision states that Celsius’ terms of service, an agreement that all users must approve before being serviced by the company, was “unambiguous” in establishing the ownership of these funds deposited in favor of the firm. Open / Comment