Stay up-to-date on the latest news and developments in the world of cryptocurrency. Our cryptocurrency news category covers everything from Bitcoin and Ethereum to emerging altcoins and blockchain technology.
Bitcoin (BTC) has seen a mass profit-taking event which rivals its $69,000 all-time highs, new analysis reveals. In a post on Dec. 5, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged billions of dollars heading to exchanges. Bitcoin speculators sell as if all-time highs are back BTC price gains have …
Bitcoin short-term holder sales near $5B as profit-taking mimics 2021 Read More »
Cryptocurrency mining firm Phoenix Group has debuted trading on the Abu Dhabi Securities Exchange (ADX), becoming one of the Middle East’s first publicly listed industry firms. The Phoenix Group stock (PHX) opened at 2.25 dirhams (AED) — or $0.6 — on Dec. 5, according to data from the ADX exchange. The PHX stock has soared …
Bitcoin miner Phoenix surges 50% after $371M Abu Dhabi IPO Read More »
Smart contract development firm Thirdweb reported a security vulnerability that potentially “impacts a variety of smart contracts across the Web3 ecosystem.” On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library that could impact certain pre-built smart contracts, including some of its own. However, Thirdweb’s investigations concluded that the smart contract vulnerability has …
Web3 firm detects major security flaw in common smart contracts Read More »
Hashdex, one of the 13 asset managers vying for spot Bitcoin (BTC) exchange-traded fund, expects to see the first spot Bitcoin ETF in the United States land by the second quarter of 2024, followed by a spot Ether (ETH) ETF. “The exact timing of a spot Bitcoin ETF in the U.S. remains unclear, but in …
Hashdex tips spot Bitcoin ETFs to trade by Q2, followed by Ethereum Read More »
Crypto-friendly trading platform Robinhood has reported a 75% month-on-month increase in digital asset trading volume in November. In an 8-K filing to the Securities and Exchange Commission on Dec. 4, Robinhood noted that “November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels.” The activity, however, didn’t translate to equity and options contract …
Robinhood crypto trading rises 75% in Nov, CEO tips ‘9 figures' in revenue Read More »
Bitcoin miner Riot Platforms is buying 66,560 Bitcoin mining rigs from manufacturer MicroBT, in one of its largest orders of hash-rate in the firm’s history — ahead o The additional purchase agreement totaled $290.5 million, Riot stated in a Dec. 4 statement — meaning it paid an average of $4,360 for each machine. $Riot Exercises …
Riot Platforms buys $291M in BTC rigs as miners rakes in from Ordinals Read More »
Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC) reached a new year-high of over $42,000. Crypto exchange Coinbase (COIN) closed the day at just over $141 with a 5.5% gain, up 320% from its price at the start of the year, per …
Coinbase, Marathon stocks surge as Bitcoin lights ‘fire in the cauldron’ Read More »
Bitcoin (BTC)-related investment products have become the “main beneficiary” of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States. A total of $1.76 billion of investors’ funds have flowed into crypto products over a 10-week period, making up for the largest inflows over such a period …
Bitcoin the ‘main beneficiary’ as crypto funds notch 10-week streak Read More »
Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation is based on the third amended joint Chapter 11 plan filed on Nov. 16 and includes an audio commentary by CEO Adam Sullivan. Common shareholders and holders of two series of convertible notes …
Core Scientific explains its latest bankruptcy plan ahead of court date Read More »
The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting. In its annual report released on Dec. 4, the IRS investigative arm said it had initiated more than 2,676 cases in which it had identified more than $37 billion related to …
IRS team reports rise in crypto tax investigations Read More »
