Bitmine Immersion Technologies (BMNR) added to its ether ETH$2,034.15 holdings amid last week’s crypto crash, growing its stack to more than 4.3 million tokens worth around $8.7 billion at the current price just above $2,000. Led by its president Tom Lee, the company, which is the largest holder of ETH in the world, purchased an […]
By Francisco Rodrigues (All times ET unless otherwise noted) Bitcoin BTC$68,413.62 fell nearly 2.5% in the past 24 hours after failing to hold on to gains made during a weekend rebound that sent it back up to $71,000. The pullback follows a turbulent few days in which the cryptocurrency plunged as low as $60,000 before
Strategy (MSTR) added to its bitcoin BTC$69,176.48 holdings, but appears to have made all of its purchases before the sharp drop in prices in the second half of the week. Led by Executive Chairman Michael Saylor, the company added 1,142 bitcoins for $90 million, an average price of $78,815 each. The strategy stack now stands
MSTR bought $90 million worth of Bitcoin last week Read More »
Kris Marszalek, founder and CEO of crypto exchange Crypto.com, spent $70 million to buy ai.com, the highest price made public for a website domain, the FT reported. The acquisition marks the executive’s move into artificial intelligence, a sector that will reach nearly $1.5 trillion in global spending by 2025, according to Gartner. That momentum will
Crypto.com founder Kris Marszalek buys ai.com domain name for record $70 million: FT Read More »
Crypto markets opened the week under pressure, extending losses after a volatile weekend as bitcoin BTC$68,918.69 showed tentative signs of stabilizing below $70,000. Even though the largest cryptocurrency has fallen more than 2.8% in the past 24 hours, it remains well below its recent low of around $60,000. Still, it has struggled to regain momentum
Bitcoin BTC$68,657.39 mining difficulties fell about 11%, its biggest drop since China’s crackdown on the industry in 2021, after a sharp drop in hashrate triggered by falling prices and widespread outages linked to winter storms in the United States. Mining difficulty, which determines the difficulty of finding new Bitcoin blocks, adjusts approximately every two weeks
Mining difficulty dropped the most since 2021 as miners capitulate Read More »
Bitcoin BTC$69,630.63 plunged earlier this month to nearly $60,000, erasing large amounts of value in the crypto market and vaporizing some trading funds. Most observers attributed the decline to macroeconomic forces, including the capitulation of cash ETF holders (and possible rumors that the funds had blown their positions). Another, quieter force that generally keeps trade
Here’s How “Invisible Hands” Likely Accelerated Bitcoin’s Fall to $60,000 Read More »
Tether, the crypto company behind the world’s most popular stablecoin USDT$0.9993continued its hoarding of gold over the past month, ranking among the world’s top 30 owners of the metal and overtaking several sovereign countries, according to a report released Sunday by Wall Street investment bank Jefferies. The stablecoin issuer’s gold reserves reached around 148 tonnes
Story Protocol co-founder SY Lee defended the project’s decision to push back the unlocking of its first major IP token until August 2026, in a recent interview with CoinDesk, saying blockchain needs “more time” to grow usage and that near-zero on-chain revenue is “the wrong metric” for an IP and AI data network. The six-month
Story co-founder defends token unlock delay, says project needs ‘more time’ Read More »
South Korea’s top financial watchdog is stepping up oversight of crypto markets days after a local exchange mistakenly distributed billions of dollars’ worth of bitcoin to users. The Financial Monitoring Service said Sunday it would launch planned investigations into “high-risk” practices that undermine market order, including large-scale price manipulation by so-called whales, trading schemes related
$44 Billion BTC Mistake Puts South Korean Regulators on Alert Read More »
