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HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet. Bitcoin miner HIVE Digital Technologies rose after reporting record revenue for its most recent quarter, adding to the sector’s wins from Bitcoin’s mid-year gains. HIVE said on Monday that it had “record revenue”…
LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank. Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move…
Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies. Key points: Bitcoin’s fall has resulted in three consecutive weeks of outflows from crypto ETPs, indicating a negative sentiment. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Read more…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, CoinShares reported Monday that crypto investment products saw their largest outflow of funds since February amid an ongoing period of market panic, Bitcoin briefly…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Solari Capital, led by AJ Scaramucci, has put more than $100 million into American Bitcoin, a crypto executive weighs in on investor outlook beyond…
Upbit operator Dunamu posted $165 million in Q3 net income, driven by a market rebound and stronger investor confidence following new US crypto legislation. Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income. The figure marks an increase of more…
Solari Capital, led by AJ Scaramucci, has put more than $100 million into American Bitcoin, the mining firm tied to President Trump’s sons. The Scaramucci family has invested over $100 million into American Bitcoin, the mining company tied to US President Donald Trump’s sons. The funding came through Solari Capital, the investment firm founded by…
The crypto market is still “very unsure” about which crypto assets to back beyond Bitcoin and Ethereum, according to an executive. The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management. “There’s a very, very clear…
WisdomTree’s Will Peck said that crypto index ETFs will solve the need for those who don’t want to take on “idiosyncratic risk.” WisdomTree’s head of digital assets, Will Peck, anticipates that exchange-traded funds (ETF) that hold diversified baskets of cryptocurrencies will fill a significant gap in the market in the coming years. “It does seem…
Although the crypto sentiment index hasn’t fallen this low in more than eight months, some analysts argue the situation isn’t as dire as it appears. Crypto sentiment has dropped to its most fearful level in over eight months, as ongoing macroeconomic uncertainty continues to rattle market participants. However, crypto analysts are anticipating the bearish mood…