Riot Platforms, a prominent Bitcoin mining firm, reported record-breaking financial results for 2024 due to a boost in mining income and smart acquisitions. The Nasdaq-listed business saw a 34% increase in overall revenue to $376.7 million in 2024 from $280 million the previous year, despite difficulties in the cryptocurrency mining
Just days after a senator sponsored the Crypto ATM Fraud Prevention Act to combat crypto ATM fraud, over 1,200 cryptocurrency ATMs in the US went offline for unknown reasons during the first weekend of March. Senator Dick Durbin of Illinois proposed a bill to combat cryptocurrency ATM fraud on February
The largest weekly sell-off ever occurred last week for cryptocurrency exchange-traded products (ETPs), with outflows hitting a record $2.9 billion. According to CoinShares, a European crypto investment business, $3.8 billion has been wiped out in worldwide crypto ETPs due to three weeks of outflows running concurrently. According to CoinShares research
The crypto market is experiencing a period of correction, with Bitcoin and major altcoins facing increased volatility. While many investors remain focused on established assets like Bitcoin (BTC), XRP, and Shiba Inu (SHIB), others are shifting toward early-stage projects with higher upside potential. Historically, market dips have presented prime opportunities
Japanese investment firm Metaplanet has purchased 156 BTC for $13.4 million, increasing its total holdings to 2,391 BTC. The company acquired the Bitcoin at an average price of $85,890 per BTC. Metaplanet has been aggressively accumulating Bitcoin since adopting its BTC strategy in April 2024. The company aims to hold
Bitcoin surged to $95,043 on March 3 after U.S. President Donald Trump revealed plans for a strategic crypto reserve. The announcement fueled strong buying, pushing BTC up 8% during an unusual weekend rally. Currently, Bitcoin is trading at $91,821.69, reflecting a 6.97% gain in the past 24 hours. The total
The Litecoin price analysis suggests it is facing strong resistance from the $140 level. The price has tested the level and failed to break through decisively. This suggests that there’s significant selling pressure at this level. If the LTC price fails to break above the $140 resistance again, investors could
The head of Switzerland’s central bank, Martin Schlegel, has shut down Bitcoin as a reserve currency. Since it is illiquid and extremely volatile. During an interview Saturday in Tamedia media group newspapers, Schlegel quoted that cryptocurrencies do not meet the most pressing requirements a healthy currency must fulfill. Swiss National
The head of the US SEC’s new crypto task force seemed to attribute the growth of fraud in the sector over the last several years to the policy created by the agency’s previous chair, Gary Gensler. This comes less than a day after the SEC officially dropped its action against
Bitcoin (BTC) is experiencing a tough time, dipping below $80K and recording an intraday low of $78,248.92. This significant drop was caused by a mix of political decisions, inflation, and an increase in tariff concerns. U.S. President Donald Trump’s recent announcements on the implementation of a 25% tariff on Mexico
