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Bitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits

September 7, 2022
Bitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits

Bitcoin miner CleanSpark (CLSK) has purchased 10,000 new Bitmain Antminer S19j Pros for $28 million after credits and discounts, a significant markdown from the manufacturer’s listed price. The mining rigs were purchased from hardware broker … Read more

Categories Cryptocurrency Tags bitcoin, bitcoin miner, CleanSpark, CLSK, Cryptech Solutions

Crypto Hedge Fund Three Arrows Capital Wallet Removes $33M of Staked Ether From Curve Pool

September 6, 2022
Crypto Hedge Fund Three Arrows Capital

A wallet belonging to insolvent crypto hedge fund Three Arrows Capital has removed $33 million worth of staked ether (stETH) from the Curve pool, according to on-chain data. The Singapore-based fund, which filed for bankruptcy in July, also removed … Read more

Categories Cryptocurrency Tags bitcoin, BTC, Ether, stETH, Three Arrows Capital

Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Suggests

September 5, 2022
Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Suggests

The view that bitcoin’s (BTC) fate is closely tied to what the Federal Reserve (Fed) does has been widely discussed. As a result, most traders looking to time the next parabolic bull run are waiting … Read more

Categories Cryptocurrency Tags bitcoin, BTC, Fed, Layered Money, Nike Bhatia

Ethereum’s Big Moment Is Coming With ‘The Merge.’ What It Means for Crypto.

September 4, 2022
Ethereum’s Big Moment Is Coming With ‘The Merge.’ What It Means for Crypto.

If BitcoinBTCUSD –0.64%  is crypto’s answer to gold, Ethereum is the closest thing it has to its own internet. Anyone who wants to mint a new token, launch a crypto app, or spend $150,000 on a Bored Ape nonfungible token, … Read more

Categories Cryptocurrency Tags bitcoin, blockchain, Bored Ape, Ethereum, NFT

There’s a New Platform for Bitcoin-Backed Borrowing and It’s Courting Banks to Lend

September 3, 2022
There’s a New Platform for Bitcoin-Backed Borrowing and It’s Courting Banks to Lend

The collapse of big cryptocurrency lenders like Celsius Network and Voyager Digital this summer might have cooled the market, but Max Keidun says his new lending platform will be different – and has a shot … Read more

Categories Cryptocurrency Tags bitcoin, Celsius Network, Debifi, Hodl Hodl, Max Keidun, Voyager Digital

The Morning After: Crypto.com refunded someone $7.2 million by mistake

September 1, 2022
The Morning After: Crypto.com refunded someone $7.2 million by mistake

If you ever want a reminder of how hard it is to run a financial institution, check out this unfortunate error made by Crypto.com. It accidentally refunded one of its customers around $7.2 million, rather than … Read more

Categories Cryptocurrency Tags bitcoin, crypto.com

Bitcoin Fights for $20,000. Why It’s ‘Dangerous’ to Guess What Happens Next.

August 31, 2022
Bitcoin crypto

BitcoinBTCUSD +1.69%  and other cryptocurrencies were lower Wednesday as the largest digital asset struggled above a key level, with crypto traders facing a tough choice over whether prices are now at attractive levels or just poised to … Read more

Categories Cryptocurrency Tags bitcoin, BTC

Bitcoin dropped below $20,000 to the lowest level since mid-July as investors dump risk assets

August 29, 2022
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails.

Bitcoin dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path. The world’s largest digital currency tumbled 5% from Friday’s close to hitting a … Read more

Categories Cryptocurrency Tags bitcoin, celsius, Federal Reserve, Jerome Powell, terraUSD, Three Arrows Capital

Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy

August 27, 2022
Bitcoin Slumps After Fed Chair Jerome Powell Affirms Hawkish Monetary Policy

Bitcoin (BTC) dipped to its lowest price in over a month after U.S. Federal Reserve Chair Jerome Powell doubled down on restrictive monetary policy early Friday at the central bank’s Economic Symposium. The largest cryptocurrency … Read more

Categories Cryptocurrency Tags bitcoin, BTC, Ether, Fed, Gold, Jerome Powell, SP 500

Asset managers to offer fund tokens despite crypto turmoil

August 26, 2022
Illustration shows representation of cryptocurrency Bitcoin, Ethereum and Dash plunging into water

LONDON (Reuters) – Investors in crypto have endured wild moves in recent months, but this has not fazed asset managers who are preparing to use the blockchain technology behind cryptocurrencies to break funds into bite-sized … Read more

Categories Cryptocurrency Tags bitcoin, celsius, dash, Ethereum
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