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Bitcoin dip under $65K is not ‘likely’ due to Mt. Gox sell-off

There could be seasonal, political and other reasons why Bitcoin has dipped below $65,000, but Mt. Gox Bitcoin sales aren’t one of them, say analysts. Source link

Riot Platform buys Kentucky-based Block Mining for $93M

Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States. Source link

Bitfarms forced to stop ‘poison pill’ strat amid Riot takeover attempt

The Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attempt of their firm. Source link

Crypto bank Sygnum posts profit after doubling crypto trading volumes

Signum Bank says it’s now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025. Source link

Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal

The Bitcoin-based cashback app will go public on the Nasdaq after a SPAC deal that’s expected to wrap up by the end of this year. Source link

Hashdex files S-1 for ETF to hold Bitcoin, Ether and potentially others

The Hashdex Nasdaq Crypto Index US ETF could see other cryptocurrencies added down the track, subject to all the necessary approvals. Source link

Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC

The device, called a ‘Bitaxe,’ successfully mined a block even though its chances were only 1 out of 1 billion every ten minutes. Source link

OpenAI could lose $5B this year and run out of cash in 12 months: Report

The ChatGPT maker reportedly will spend some $7 billion on AI testing this year. Source link

Bitcoin traders back in profit even as price slows alongside spot BTC ETF inflows

Despite this week’s Bitcoin price sell-off, the rally to $68,000 put short-term traders back in profit and onchain metrics remain bullish. Source link

Decentralized finance is growing up, how DeFi is becoming 'NewFi'

Traditional institutional giants like BlackRock, which has $10.6 trillion under management, have entered the cryptocurrency space. Source link