Several crypto-linked stocks climbed on Friday as prediction-market odds of a December rate cut surged to 87% on Polymarket, the highest level this month. Three US-listed Bitcoin miners led the rally, with Cleanspark, Riot Platforms and Cipher Mining all rising in the session and showing double-digit gains over the past five days. Probability of a…
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Greenidge Generation Holdings, a Bitcoin (BTC) mining company, disclosed that a fire broke out at its mining facility in Dresden, New York, where it co-hosts operations with mining company NYDIG. The fire broke out on Sunday due to an “electrical switchgear failure,” forcing the company to de-energize the entire facility, according to a Securities and…
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This week, cryptocurrency markets staged a long-awaited recovery, following four consecutive weeks of downside momentum. Bitcoin’s (BTC) price reclaimed the $90,000 psychological mark on Wednesday, bringing some much-needed relief for Bitcoin exchange-traded fund (ETF) holders, who were once again back in profit as BTC traded above the key $89,600 flow-weighted cost basis of ETF buyers.…
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The crypto market’s most turbulent period of 2025 resulted in a drawdown that erased more than $1.2 trillion in value and sent Bitcoin (BTC) plunging from its brief $120,000 peak to the $80,000 range. For many investors, the speed and severity of the selloff stirred déjà vu from 2017 and 2022. This week’s episode of…
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Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled development sandbox, according to local media. According to a Friday report by local news outlet Kun, Uzbekistan’s new stablecoin regulatory framework will come into force on Jan. 1, 2026. The new law, signed on Nov. 27, establishes a regulatory…
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November was a rocky month for crypto markets. Bitcoin’s price is down over 20%, shedding almost $2 trillion in market capitalization. Concerns over possible rate cuts at the US Federal Reserve and the potential for an imminent AI bubble burst have brought anxiety to crypto and stock markets. Bearish sentiment prevails after Bitcoin showed a…
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Thirteen years ago today, Bitcoin experienced its first halving event, reducing the miner block reward from the original 50 BTC to 25 BTC. Now, with Bitcoin (BTC) having completed four halving events and block rewards standing at just 3.125 BTC, the mining industry is continuing to transform, with industrial miners consolidating and diversifying into AI.…
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Bitcoin (BTC) has retained a key bull signal despite the crypto market drawdown, new research says. Key points: Stablecoin supply trends stay positive for crypto market growth, new research shows. The ERC-20 stablecoin supply alone is at $185 billion. Binance users are storing stablecoin “dry powder” for market entries. Research: Stablecoins matter more than M2…
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Tether, the issuer of USDT, the world’s largest stablecoin, has halted Bitcoin mining operations in Uruguay due to rising energy costs. “We can confirm that we have paused operations in Uruguay,” a Tether spokesperson told Cointelegraph on Friday, adding that the company remains committed to its long-term projects in Latin America. The confirmation comes weeks…
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Turkmenistan has approved a sweeping law to legalize and tightly regulate the cryptocurrency industry, marking a major policy shift for one of the world’s most closed economies. According to a Nov. 28 report from local news outlet Business Turkmenistan, President Serdar Berdimuhamedov signed a law regulating the crypto industry. The new law, which will come…
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