Author: Cointelegraph By Stephen Katte

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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US bank SoFi Technologies has launched crypto trading services to its customers, as clearer rules have allowed the crypto market to court greater interest from traditional finance. SoFi said on Tuesday that its crypto service will aim to offer dozens of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), and started in a phased rollout on…
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Bitcoin OG Willy Woo has suggested a way to keep your Bitcoin safe until there’s a solution to the quantum Bitcoin threat — hodling your Bitcoin in a SegWit wallet for around seven years.  Quantum computing has been a long-feared (and debated) inflection point for the crypto industry. Computers capable of breaking encryption have been…
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United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to…
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Payment processor Square has launched its Bitcoin payment feature for sellers, allowing them to opt in and accept Bitcoin at checkout through its point-of-sale system. Jack Dorsey, co-founder of Block, which owns Square, said in an X post on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin to…
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Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold.  “There are several reasons why OG crypto holders are selling,” Hiesboeck said on Sunday. “Number one is to buy them back…
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Trump Media and Technology Group’s Bitcoin holdings weren’t enough to prop up its balance sheet, as the company reported a $54.8 million loss in its third-quarter earnings, due to rising costs. The Trump-tied company, which operates the Truth Social social media platform, shared on Friday that its Q3 net loss widened from the $19.3 million…
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