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Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs
Bitcoin Magazine Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs Bitcoin price fell about 5% on Thursday morning, sliding from above $80,800 to near $76,000 as a sharp selloff in technology stocks spread into crypto and wiped out leveraged traders betting on further...
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Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading
Bitcoin Magazine Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading Ukraine's central bank will not support a crypto market bill that a parliamentary committee cleared for a final vote, warning that the draft leaves foreign tokens that act like electronic money outside its...
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Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack
Bitcoin Magazine Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack U.S. bank regulators contacted banks this week to check whether their systems had any vulnerabilities after last week's $6.3 billion hack of Binance, Reuters reported Thursday, citing several people familiar with the...
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Tether and Tron Quietly Scrapped T3 Crime Unit Two Months Before $6.3 Billion Binance Hack
Bitcoin Magazine Tether and Tron Quietly Scrapped T3 Crime Unit Two Months Before $6.3 Billion Binance Hack The T3 Financial Crime Unit, the anti-crime alliance Tron, Tether and TRM Labs launched in 2024 and later expanded to Binance, quietly shut down in late August, Bloomberg reported Wednesday,...
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Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest
Bitcoin Magazine Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest Riot Platforms' unnamed “Frontier AI Lab” is Anthropic, the bitcoin miner disclosed in its quarterly report filed Wednesday, naming the Claude developer as the tenant behind a 15-year lease...
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Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates
Bitcoin Magazine Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates Bitcoin price traded near $79,600 on Thursday morning, up about 2% from a day earlier but roughly $21,900 below its price one year ago, after slipping back under $80,000 as oil prices recovered and...
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American Bitcoin (ABTC) Posts $126 Million Profit as Holdings Gain $197 Million
Bitcoin Magazine American Bitcoin (ABTC) Posts $126 Million Profit as Holdings Gain $197 Million American Bitcoin Corp. (Nasdaq: ABTC) reported about $126 million in third-quarter net income on Wednesday, a swing from a $57.2 million loss in the prior quarter that rested largely on a $197.3 million...
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Judge Lets Stock Perpetual Futures Keep Trading but Says CFTC Likely Overstepped Its Authority
Bitcoin Magazine Judge Lets Stock Perpetual Futures Keep Trading but Says CFTC Likely Overstepped Its Authority Stock perpetual futures can keep trading on Kalshi, Coinbase Derivatives and Bitnomial for now after a federal judge denied an emergency bid to halt them Tuesday, while finding that the...
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Huizenga Loses House Seat Despite $1 Million From Crypto PAC Fairshake
Bitcoin Magazine Huizenga Loses House Seat Despite $1 Million From Crypto PAC Fairshake Rep. Bill Huizenga, the No. 2 Republican on the House Financial Services Committee, lost his reelection bid to Democrat Sean McCann, the Associated Press called Wednesday afternoon, despite about $1 million in...
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French Bank Credit Mutuel Arkea Confirms Cyberattack as ZachXBT Puts Losses Above $133 Million
Bitcoin Magazine French Bank Credit Mutuel Arkea Confirms Cyberattack as ZachXBT Puts Losses Above $133 Million French bank Credit Mutuel Arkea said Wednesday that a cyberattack allowed hackers to carry out fraudulent transfers from the bank's own account, a theft that on-chain investigator ZachXBT...
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House Democrats Eye Their Own Crypto Market Structure Bill With a Bigger SEC Role After Sweep
Bitcoin Magazine House Democrats Eye Their Own Crypto Market Structure Bill With a Bigger SEC Role After Sweep House Democrats are discussing a plan to turn Rep. Maxine Waters' Crypto Investor and Consumer Bill of Rights into their own crypto market structure bill next Congress, with ideas that...
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Bitcoin Price Holds Near $80,000 as Democratic Sweep Sparks Short Squeeze
Bitcoin Magazine Bitcoin Price Holds Near $80,000 as Democratic Sweep Sparks Short Squeeze Bitcoin price traded near $80,000 on Wednesday afternoon, up about 3% on the day and roughly $26,000 below its price one year ago, as markets shook off election-night jitters over the Democratic sweep of...
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Matt Corallo Flags Critical Linux Kernel Flaw; Lightning Labs Ships LND Mitigation
Bitcoin Magazine Matt Corallo Flags Critical Linux Kernel Flaw; Lightning Labs Ships LND Mitigation Bitcoin Core and Lightning developer Matt Corallo highlighted a severe Linux kernel vulnerability on October 30, criticizing Ubuntu’s delayed response to what he called “the most critical Linux vuln...
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Strategy’s STRC Hits $100 Par for First Time Since May After Over $2 Billion in Buybacks
Bitcoin Magazine Strategy's STRC Hits $100 Par for First Time Since May After Over $2 Billion in Buybacks Strategy's Stretch preferred stock touched $100 today for the first time since May, returning to the par value the company has spent over $2 billion in buybacks and five months of rate...
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Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves
Bitcoin Magazine Jack Dorsey's Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves Block has agreed in principle to pay $764 million to resolve a Justice Department investigation into its anti-money-laundering controls, a sum larger than the $566 million profit the...
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Librería de Satoshi Rebrands to ISMOS, Launches Global Platform to Train One Million Bitcoin Developers
Bitcoin Magazine Librería de Satoshi Rebrands to ISMOS, Launches Global Platform to Train One Million Bitcoin Developers Librería de Satoshi, the technical education organization, recently announced the launch of its global platform as they rebrand to ISMOS and shows off a new website. The...
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Democrats to Target Trump’s Crypto Ventures After Taking Congress
Bitcoin Magazine Democrats to Target Trump’s Crypto Ventures After Taking Congress House Democrats plan to open investigations into President Donald Trump's family crypto businesses once they take control in January, with World Liberty Financial, its Emirati investor and the pardon of Binance...
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TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’
Bitcoin Magazine TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible' The Democratic sweep of Congress closes the door on crypto market structure legislation like the Clarity Act for the next two years and may rule out any version the industry would support, TD Cowen told...
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Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin to Fund AI Ventures, Share Buybacks
Bitcoin Magazine Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin to Fund AI Ventures, Share Buybacks Two of the largest public bitcoin miners reported third-quarter results on Wednesday, and both used the occasion to confirm they have been selling the asset they were built to accumulate. Riot...
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Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M
Bitcoin Magazine Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M Circle Internet Group cut about 5% of its workforce in the third quarter, a reduction the USDC issuer disclosed in the footnotes of an earnings report that showed revenue rising 17% to $865 million and net income up...
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Bitcoin Trades Above $78,000 After Democratic Sweep of Congress
Bitcoin Magazine Bitcoin Trades Above $78,000 After Democratic Sweep of Congress Bitcoin price traded near $78,300 on Wednesday morning, up about 1% on the day, after Democrats won control of both the House and the Senate in Tuesday's midterm elections and dealt the crypto industry its worst night...
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Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows
Bitcoin Magazine Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company's latest reserve attestation by roughly...
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TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years
Bitcoin Magazine TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years A Democratic sweep of Congress would end the CLARITY Act's chances for the next two years and sour the political climate for crypto, TD Cowen's Washington analyst Jaret Seiberg wrote to Bitcoin Magazine and clients...
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Binance Says $6.34 Billion Hack Began With Fake Job Interview
Bitcoin Magazine Binance Says $6.34 Billion Hack Began With Fake Job Interview The $6.34 billion theft from Binance began with a fake job interview and ran for five months before a single coin moved, the exchange said Tuesday in its first public account of the Oct. 29 attack. Another initial...
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Andrew Hohns: Why Bitcoin Can Fix America’s Debt Spiral
▶ Bitcoin Magazine Andrew Hohns: Why Bitcoin Can Fix America's Debt Spiral U.S. federal debt has grown 40x in 45 years, from $1 trillion in 1981 to over $40 trillion. Andrew Hohns, founder and CEO of Battery Finance, explains why he doesn't expect tax hikes or spending cuts to fix it, and how a...
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CFTC Opens U.S. Stock Market to Equity Perpetual Futures
Bitcoin Magazine CFTC Opens U.S. Stock Market to Equity Perpetual Futures Perpetual futures on individual stocks can begin trading on U.S.-regulated exchanges for the first time, the Commodity Futures Trading Commission said Tuesday, extending a product that was confined to offshore crypto venues a...
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New Jersey Drops Coinbase Staking Order After Three Years
Bitcoin Magazine New Jersey Drops Coinbase Staking Order After Three Years New Jersey's securities regulator has withdrawn the 2023 cease-and-desist order that barred Coinbase from offering staking to new customers in the state, ending a three-year standoff that cost residents an estimated $15...
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Bitcoin Price Trades Near $77,500 as Midterm Voting Begins
Bitcoin Magazine Bitcoin Price Trades Near $77,500 as Midterm Voting Begins Bitcoin price traded near $77,500 on Tuesday morning as polls opened for the U.S. midterm elections, down about .6% on the day and roughly $30,000 below its price one year ago, according to Bitcoin Magazine Pro data. The...
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Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push
Bitcoin Magazine Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push Fifty public companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), as the venue’s...
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Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million
Bitcoin Magazine Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million Brazil’s largest cryptocurrency exchange kept deposits and withdrawals suspended on Monday after a security incident in one of its systems. The shutdown...