Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […]
Bitcoin News
Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication Potential
Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the […]
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Unique Residential Bitcoin Mining House in Dallas Listed for $2.4M
According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas Neighborhood A newly listed home on […]
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Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that […]
Bitcoin News
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly presented to shareholders. Riot asserts that the acquisition will establish a vertically integrated, geographically […]
Bitcoin News
Kraken Insists It Will Keep USDT Listed in European Markets
Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, clarified they will “continue to look at all options to offer USDT under the upcoming regime.” Kraken Will Keep Tether’s USDT […]
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Canine Comeback? KNINE Brushes Off 50% Loss, Gets Listed On Major Exchange
Shiba Inu’s Layer-2 blockchain, Shibarium, is experiencing a shot of optimism amidst a bearish crypto market. K9 Finance (KNINE), a project aiming to become the go-to platform for liquid staking derivatives (LSD) on Shibarium, has secured a listing on BitMart, a major cryptocurrency exchange. This move, coupled with the upcoming launch of the K9 Finance dApp, is seen as a potential catalyst for growth within the Shibarium ecosystem.
K9 Finance offers functionality similar to Lido Finance on Ethereum. Lido allows users to stake their Ethereum (ETH) while receiving Lido Staked Ether (stETH) which can be used for further DeFi activities. K9 Finance envisions a similar mechanism for Shibarium, enabling users to stake their tokens and receive a liquid derivative in return. This not only increases participation in the Shibarium network but also unlocks additional utility for staked assets.
Official $SHIB Partner $KNINE will list on @BitMartExchange Tomorrow.
Congrats on the new listing. Let’s Moon Together!
https://t.co/rHApwjJMAu
— $SHIB KNIGHT (@army_shiba) April 1, 2024
KNINE Price At A Glance
At the time of writing, the price of the KNINE token has decreased by 9% over the previous 24 hours and is worth .00009063. As a result, SHIB’s companion token gained a bearish hue today, in contrast to the optimistic sentiments that arose in response to the listing announcement.
Despite securing a significant exchange listing, the K9 Finance DAO (KNINE) token experienced a sharp decline of 50% over the past 14 days, plunging 75% from its all-time high of .0003468 on March 10, 2024.
KNINE’s drop today looks to be consistent with the overall slump in Shiba Inu, since SHIB’s stock also fell significantly on Wednesday. Shiba Inu traded at .00002692, down nearly 11% in the last 24 hours, fueling speculation about potential price swings.
The listing on BitMart, the 44th largest crypto exchange by monthly traffic, is a significant win for K9 Finance. It provides increased exposure and liquidity for the KNINE token, potentially attracting new investors and users to the Shibarium ecosystem.
Major Developments Ahead
Adding further fuel to the fire, K9 Finance recently unveiled a sneak peek of its upcoming dApp. The platform will reportedly utilize Shiba Inu’s BONE token for validator rewards. Users who stake their BONE on K9 Finance will receive a wrapped version (knBONE) while their original tokens remain locked, allowing them to participate in governance and earn rewards simultaneously. This integration with BONE creates a symbiotic relationship between the two projects and incentivizes participation within the wider Shibarium ecosystem.
While K9 Finance paints a promising picture for Shibarium’s future, some factors require consideration. The current crypto market slump could lead to price volatility for KNINE. Additionally, the overall success of K9 Finance hinges on the wider adoption of Shibarium itself. As a relatively new Layer-2 solution, Shibarium needs to attract developers and users to establish a robust ecosystem.
Featured image from Pexels, chart from TradingView
GAIMIN’s GMRX Listed on Cryptocurrency Exchanges
PRESS RELEASE. Zug, Switzerland, 25th March 2024 – GAIMIN, the world’s leader in delivering GPU-based decentralised data processing services through gaimin.cloud, today announces its GMRX utility token will be listed on cryptocurrency exchanges. GMRX is a utility token designed to support GAIMIN’s ecosystem, rewarding users for allowing their PC-based GPUs to participate in gaimin.cloud, processing […]
Bitcoin News
Solama to Get Listed on HTX Crypto Exchange
PRESS RELEASE. Solama, a new meme coin developed on the Solana network, will soon get listed on one more centralized crypto exchange: HTX (formerly known as Huobi Global). The announcement was made on March 18, 2024, on Solama’s official X (Twitter) account. Growth Has No Boundaries Solama, one of the most promising Solana-based meme coins […]
Bitcoin News
Publicly Listed Bitcoin Miners Soar in 2023 — Marathon Leads With 767% Surge
Since the year began, both bitcoin and the broader crypto economy have risen a great deal in value, with bitcoin climbing over 150% since Jan. 1, 2023. Yet, an impressive 11 out of 13 bitcoin mining firms listed on Nasdaq have seen even more substantial triple-digit increases this year. Topping them all, Marathon Digital Holdings experienced a significant 767% rise since the year’s commencement.
13 Nasdaq-Listed Bitcoin Miners Triumph in 2023
Bitcoin mining companies flourished this year, rebounding from a turbulent 2022. All 13 firms listed on Nasdaq, the electronic marketplace for securities swaps, have posted gains. A significant portion of these publicly traded miners outperformed bitcoin (BTC) this year. With the block reward halving event anticipated in approximately 116 days, 2024 is shaping up to be a pivotal year for mining companies and observers alike.
Marathon (Nasdaq: MARA) claimed the leading position this year, rising 767% since the beginning of the year. MARA’s shares traded at .40 at the onset of 2023 and have escalated to .07 per share today. Bitfarms (Nasdaq: BITF) experienced a significant uptick of 705%, escalating from .4267 in January 2023 to a present value of .51 each. Meanwhile, Bit Digital (Nasdaq: BTBT) ascended by 703% this year, and Iris Energy (Nasdaq: IREN) increased by 629%.
Cleanspark (Nasdaq: CLSK) surged 539%, Riot Platforms (Nasdaq: RIOT) leaped 433%, and Terawulf (Nasdaq: WULF) expanded by 332%. Hut8 (Nasdaq: HUT) catapulted by 324% against the U.S. dollar since January, while Argo Blockchain (Nasdaq: ARBK) advanced by 312%. The mining firm Hive (Nasdaq: HIVE) witnessed a 283% uplift, and Greenidge Generation (Nasdaq: GREE), with a 174% increase, was the final mining firm to surpass BTC’s gains.
The other publicly listed mining firms still witnessed gains with Stronghold Digital (Nasdaq: SDIG) rising 117% and Bitdeer (Nasdaq: BTDR) jumping 31%. As 2023 winds down, the surge in bitcoin and mining companies underscores a thriving sector, outpacing broader markets. With Marathon leading at 767% and even the lowest gains still impressive, the industry looks toward 2024’s halving event with anticipation, ready for potential shifts in profitability and further growth in the dynamic landscape of crypto mining.
What do you think about the publicly listed mining firms and their market performances this year? Share your thoughts and opinions about this subject in the comments section below.