Under Fred Thiel's leadership, MARA Holdings (MARA) — previously known as Marathon Digital Holdings — has become not only one of the largest bitcoin miners in the world but also the second-largest corporate owner of bitcoin, with about $3.9 billion worth on its balance sheet. Thiel joined the mining company [...]
It was a transformational year for bitcoin miners, with a cohort of them plowing significant resources into running artificial intelligence (AI) data centers. None, however, have done it quite like Core Scientific (CORZ), which under CEO Adam Sullivan’s leadership emerged from bankruptcy in January and then proceeded to ink a [...]
Wall Street giant JPMorgan (JPM) turned more bullish on some bitcoin (BTC) mining stocks in its coverage following third quarter results and recent gains in bitcoin price and the network hashrate, the bank said in a report on Tuesday. The bank upgraded Cipher Mining (CIFR) and CleanSpark (CLSK) to overweight [...]
Google’s new quantum computing chip could mean bitcoin (BTC) is finished. <a href="https://x.com/search?q=bitcoin%20dead%20quantum%20computing&src=typed_query" target="_blank">That was the sentiment</a> for some on Monday as the internet giant unveiled Willow, a quantum supercomputer that can perform certain computational tasks in just five minutes that would take classical supercomputers an astronomical amount of time—specifically, [...]
El Salvador may roll back a small aspect of its Bitcoin law as part of a new deal with the International Monetary Fund. The Latin American country may no longer require Salvadorean merchants to accept bitcoin (<a href="https://www.coindesk.com/price/bitcoin" target="_blank">BTC</a>) as a means of payment across the nation, instead making bitcoin [...]
Bitcoin (<a href="https://www.coindesk.com/price/bitcoin/ " target="_blank">BTC</a>) reached an <a href="https://www.coindesk.com/markets/2024/12/05/bitcoin-hits-milestone-vs-gold-as-cycle-pattern-flags-120-k-by-year-end-van-straten" target="_blank">all-time high</a> above $100,000 earlier this week as a number of tailwinds fueled a post-U.S.-election rally in the world's largest cryptocurrency, Citi (C) said in a research report on Thursday. "The nomination of digital asset-friendly Paul Atkins to chair the SEC [...]
Crypto-tracked futures recorded over <a href="https://www.coinglass.com/LiquidationData" target="_blank">$1 billion in liquidations</a> in the past 24 hours as bitcoin briefly nosedived from a Thursday record high above $103,000 to nearly $92,000 early Friday on profit-taking. BTC futures recorded nearly $500 million in net liquidations, with $420 million of those stemming from longs, [...]
Memecoins undoubtedly capture a big slice of crypto observers' attention — even if not everyone is a fan. But data shows they're gobbling up a growing amount of the crypto economy too. The sector — powered by the likes of dogecoin (DOGE) and Shiba Inu (SHIB) — made up 3.16% [...]
Worksport (WKSP), a tiny Nasdaq-listed maker of covers for pickup truck beds, has added its own twist to the newly popular corporate strategy of buying bitcoin that was introduced and made famous by Michael Saylor's MicroStrategy (MSTR). The New York-based company, which has a $20 million market capitalization, is investing [...]
Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it's also at an all-time high when priced in gold, [...]