Riot Platforms has reiterated its strategy has evolved to “maximizing the value of our megawatts,” rather than just mining Bitcoin, despite posting record revenues in Q3 on the back of a Bitcoin production surge. During a conference call following the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations,…
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A US lawmaker is seeking to ban US President Donald Trump, his family, and members of Congress from trading crypto or stocks. US Representative Ro Khanna, a Democrat representative from California’s 17th Congressional District and vice-chair of the Congressional Progressive Caucus, used an appearance on MSNBC to raise concerns around Trump’s apparent conflict of interest…
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The Bitcoin Fear & Greed Index has finally clawed its way out of the “fear” zone on Sunday, resolving to neutral for the first time in more than two weeks as the price of Bitcoin surged back to around $115,000 over the weekend. The Bitcoin Fear & Greed Index, which measures overall market sentiment, is…
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The local government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand. In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the economy and helping the state-owned electric utility provider BC Hydro address its power availability.…
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The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days. According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage…
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Bitcoin Core developers saw a mixed reaction from the Bitcoin community as they announced the release of their v30 update, bringing forward a host of node-related changes to architecture, performance, and security. The key changes brought forward in Bitcoin Core 30.0 are the introduction of optional encrypted connections between nodes for better privacy and…
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The UK government has finally lifted its ban on crypto exchange-traded notes, citing a maturation of the industry and a greater understanding of digital asset products. In an announcement on Wednesday, the Financial Conduct Authority (FCA) outlined that retail investors can now access crypto ETNs via FCA-approved exchanges based in the UK A crypto exchange-traded…
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Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime” now, though legislative red tape is holding it back. In an X post on Monday, Lummis said that while it remains a “slog” on the legislative side of things, thanks to “President Trump, the acquisition…
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While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%. In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has…
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