Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase. Canaan said on Tuesday that its total Q3 revenues increased 104% from last year to $150.5 million due to a “substantial volume…
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Bitcoin could hit a bottom as soon as this week, according to BitMine chairman Tom Lee and Bitwise Asset Management chief investment officer Matt Hougan, as Bitcoin briefly dropped below $90,000, its lowest in seven months. During an interview on Monday with CNBC, Lee said crypto is suffering after the big liquidation event on Oct.…
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Crypto advocacy group The Digital Chamber has launched a new initiative to drive digital asset policies at the state level across the US and educate lawmakers in the lead-up to the 2026 midterm elections. Called the State Network, the initiative is aimed at establishing a collaborative ecosystem connecting policymakers, regulators and the industry that want…
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Bitcoin’s total circulating supply has just crossed 95% of its 21 million hard supply cap — a massive milestone baked in nearly 17 years ago when creator Satoshi Nakamoto mined the genesis block on Jan. 3, 2009. With 19.95 million Bitcoin now in circulation, this leaves just 2.05 million Bitcoin to be mined. The question…
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The majority of institutional Bitcoin investors don’t seem to know or care about the Bitcoin Core vs Knots debate that has been raging on for the past few months, according to Galaxy Digital’s head of research, Alex Thorn. The debate centers on arguments about what Bitcoin (BTC) should be used for and whether non-financial transactions…
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Crypto executives speculate that outflows from crypto exchange-traded funds, long-term whale sales and escalating geopolitical tensions may be to blame for the recent market slump, as Bitcoin dropped to nearly $93,000 on Sunday. Bitcoin briefly fell to a year-to-date low of $93,029 on Sunday. The overall market capitalization has also seen a pullback in the…
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The acting chair of the Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the US, is reportedly considering guidance for tokenized deposit insurance and plans to launch an application process for stablecoins by year’s end. Acting FDIC Chair Travis Hill, who has made bullish statements about tokenization in the past, told the…
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Bitcoin’s recent wave of whale selling pressure is typical of a late-stage crypto cycle and should be no more concerning than it has been in the past, according to analysts from Glassnode. On Thursday, a major Bitcoin whale, identified as trader Owen Gunden, made moves toward selling, transferring 2,400 Bitcoin (BTC), worth $237 million, to…
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Singapore-based cloud Bitcoin miner BitFuFu doubled its third-quarter revenue from the previous year, driven by demand for cloud mining and equipment as miners sought to capitalize on the rising price of Bitcoin. Total revenue increased 100% to $180.7 million compared to the same period last year, with cloud mining making up $122 million, according to…
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Crypto could see an “unexpected November rally” with the latest indicators showing traders are getting increasingly fearful, which usually results in a shift of money from weaker hands to long-term accumulators. Social media comments about Bitcoin (BTC) are evenly split between bullish and bearish, while Ether (ETH) has just over 50% more bullish vs bearish…
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