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…
Read more
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…
Read more
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…
Read more
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…
Read more
Bloomberg ETF analyst Eric Balchunas said it was “shocking” to see Schwab’s findings that crypto ETF investments could be on par with those in bond ETFs. Source link
Nearly half of exchange-traded fund (ETF) investors are planning to buy a crypto ETF, matching those who said they’d buy a bond ETF, according to a report from brokerage giant Schwab Asset Management. In its ETFs and Beyond report released on Thursday, Schwab found that 52% of respondents to its survey were planning to invest…
Read more
Jan3 founder Samson Mow also argued that fears of Bitcoin OGs selling are overblown and traders should focus on the next bull run, rather than “self-owning themselves.” Source link
Investors are better off buying ETFs than buying shares in a firm that’s simply putting a crypto asset on its balance sheet, argues Bitwise’s Matt Hougan. Source link
Conversations about Bitcoin’s price drop should include the impact of crypto treasury companies, which have contributed to the decline, argues Omid Malekan, a blockchain author and adjunct professor at Columbia Business School. “Any analysis of why crypto prices continue to fall needs to include DATs [digital asset treasuries],” Malekan said in an X post on…
Read more
Columbia Business School adjunct professor Omid Malekan claimed there are a few crypto buying companies that tried to “create sustainable value. But I can count them on one hand.” Source link