Australia-based bitcoin miner IREN is redirecting its growth plans away from BTC mining and towards its AI data centers and AI cloud services businesses. “As we near completion of our 50 EH/s mining expansion, our focus is shifting to the next phase of growth and delivering scalable infrastructure for AI [...]
Darknet markets are increasingly returning to bitcoin (BTC) as their primary cryptocurrency because of rising liquidity and accessibility challenges associated with privacy-focused coins like monero (XMR), according to Eric Jardine, cybercrime research lead at Chainalysis. "After major exchanges delisted XMR, we observed a significant increase in bitcoin inflows," Jardine said [...]
The Trump family is deepening its involvement in cryptocurrency with a major move into bitcoin (BTC) mining, according to a Wall Street Journal report. Eric Trump and Donald Trump Jr. are merging their firm, American Data Centers, with a new mining venture called American Bitcoin, taking a 20% stake in [...]
Ether (ETH) has dropped 39% this year relative to bitcoin (BTC), the largest cryptocurrency, taking the ratio between the two to the lowest in almost five years as a riskier macroeconomic environment weighs on the second-largest cryptocurrency. At the current level, 1 ETH is the equivalent of 0.02191 BTC. That's [...]
It's a bloodbath for digital assets, with traders hitting the sell button, wiping out over $160 billion of the total cryptocurrency market cap since Friday. Few things have compounded as the first quarter of this year closes out, leading to the sell-off, including Trump's tariff threats, global economic concerns and [...]
Bitcoin mining company MARA Holdings (MARA) is launching a fresh $2 billion stock offering to buy more bitcoin, continuing its plan of buying BTC in the open market through capital raise while sticking to its "Hodl" strategy. According to a Form 8-K and a new prospectus filed with the U.S. [...]
Hopes for the crypto recovery to continue vanished on Friday, as a market-wide rout erased virtually all gains from earlier this week. Bitcoin (BTC), hovering just below $88,000 a day ago, tumbled to $83,800 recently and is down 3.8% over the past 24 hours. The broad-market benchmark CoinDesk 20 Index [...]
Is Strategy (MSTR) in trouble? Led by Executive Chairman Michael Saylor, the firm formerly known as MicroStrategy has vacuumed up 506,137 bitcoin (BTC), currently worth roughly $44 billion at BTC's current price near $87,000, in the span of about five years. To the casual observer, the company seems to have [...]
One cold February morning in 2014, Kolin Burges stood outside Mt. Gox's Tokyo office, clutching a handwritten cardboard sign and demanding answers from the bitcoin exchange's CEO, Mark Karpeles, about his missing tokens. Eleven years later, the iconic sign, emblematic of crypto's first major financial scandal, is being auctioned on [...]
GameStop (GME) has priced its previously announced private offering of $1.3 billion in convertible senior notes, setting the stage for the company's foray into having bitcoin (BTC) on its balance sheet. The zero-coupon notes, due in 2030, will initially convert at a rate of 33.4970 shares per $1,000, representing an [...]