Bitcoin BTC$65,998.81 suffered a flash crash to $55,000 on South Korean exchange Bithumb this week after what appears to have been a major internal accounting error. Bithumb mistakenly credited users with 2,000 BTC each instead of a small reward worth 2,000 Korean won (about $1.50), according to a blog post published Friday. The result was […]
Bithumb error sent BTC price to $55,000 on this exchange Read More »
Bitcoin BTC$68,713.65 The February 5 collapse will go down as one of the most historic sell-offs on record. Below are the key statistics that help define the event and indicate how far further it could fall. The price of bitcoin started the day near $73,000 and fell to a low around $62,000, a drop –
Record BTC Capitulation Stats Thursday Signals a Bottom Is Near Read More »
Bitfarms (BITF) is moving its legal base from Canada to the United States and will be renamed Keel Infrastructure as part of its move away from Bitcoin mining. BTC$65,998.81 developing data centers for high-performance computing (HPC) and artificial intelligence (AI) workloads. The redomiciliation process, announced in a press release on Friday, will be subject to
Wall Street bank Citigroup is lowering its expectations for Coinbase (COIN) amid risk aversion gripping markets. In a note to clients Friday, the bank’s analysts lowered their price target on the cryptocurrency exchange from $505 to $400, citing lower trading volumes, slowing institutional activity and continued uncertainty over the timing of U.S. crypto legislation. The
Citi cuts price target after sharp decline Read More »
China Steps Up Crypto Crackdown: Central Bank Bans Overseas Issuance
China Steps Up Crypto Crackdown: Central Bank Bans Overseas Issuance Read More »
Ripple and XRPL contributors have outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger that aim to make the network viable for regulated financial activity, according to a blog published Thursday. XRP’s utility as a settlement and bridging asset is highlighted as essential to this infrastructure, with use cases ranging from
XRP in Center as Ripple Presents Institutional DeFi Plan for XRPL Read More »
ARK Invest sold $17.4 million worth of Coinbase (COIN) stock and purchased a similar amount in Bull Stock (BLSH) on Thursday as crypto stocks traded. Cathie Wood’s investment management firm sold 119,236 shares of COIN, worth $17.4 million as of Thursday’s close. COIN lost 13.3% on the day to close at $146.12 amid a continued
ARK Unloads $17M From Coinbase, Adds $18M Bull Amid Crypto Rout Read More »
By Omkar Godbole (All times ET unless otherwise noted) Friday’s crypto markets are a sea of green, rebounding from yesterday’s sharp fall in a classic oversold rebound. But real risks remain, threatening any lasting recovery. Bitcoin rallied to $65,000 after flirting with $60,000, with BlackRock ETF action hinting at capitulation, or dumping long-term holders at
Bitcoin (BTC) Price Recovery Still Faces Macroeconomic Risks: Crypto Daybook Americas Read More »
IREN (IREN) earnings showed weaker than expected overall results, with the company lacking consensus on revenue and earnings per share (EPS) as it accelerates its transition from Bitcoin mining to AI Cloud. Financially, second-quarter revenue declined to $184.7 million, below expectations and down from $240.3 million in the first quarter, while the company reported a
IREN and AMZ down on missed profits, as BTC stocks rebound Read More »
Quantum computing is moving from theory to a long-term strategic consideration, and Strategy (MSTR) made clear its intention to be proactive rather than reactive during the company’s fourth-quarter earnings conference call Thursday. Strategy, the largest Bitcoin holding company, plans to launch a Bitcoin security program to coordinate with the global cyber, crypto, and Bitcoin security
Strategy to Launch BTC Security Program to Combat Quantum Uncertainty Read More »
