Cryptocurrency news - Business
Why Bitcoin ETFs with ‘zero flows’ don’t mean what you think
Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart. Bitcoin BTC $64,423 exchange-traded funds (ETFs) having days of zero inflows is completely normal and shouldn’t be misinterpreted as a failure of the...
Bored Ape NFT floor price hits lowest point in over two and a half years
The Bored Ape Yacht Club collection’s floor price is currently at 11.1 ETH, down 90% from its peak during the roaring NFT bull market. The floor price of Bored Ape Yacht Club (BAYC) nonfungible tokens has fallen over 90% from its peak, down to 11.1 Ether (ETH) — its lowest point...
Australia's securities regulator appeals loss in Finder Wallet case
ASIC argues a federal court judge “erred” in finding that Finder Earn was not a “debenture” — and thus compliant with Australian financial rules. The Australian Securities and Investments Commission (ASIC) has filed to appeal its court loss against Finder Wallet, a sister compan...
Munchables hacker returns $62.8M Ether without ransom
On March 27, 4:40 am UTC, Munchables identified the hacker as one of its developers. An hour of negotiations led to the former developer agreeing to return the hacked funds. It took nearly eight hours for the Munchables hacker — a Munchables developer — to have a change of heart...
Core Scientific shares fall 4% after Q4 2023 results report revenue drop
The Bitcoin miner posted decreased YOY revenues for 2023 but said narrowing losses and increased investments in infrastructure are strong points heading into the Bitcoin halving. Crypto mining firm Core Scientific (CORZ) reported a fall in year-on-year revenues in its Q4 2023 re...
Bitcoin mining stocks dip more than 27% despite Bitcoin rally
Head analyst Mitchell Askew of Blockware Solutions said a similar “divergence” occurred twice in 2023, which resulted in a “great opportunity” to buy mining stocks at a discount. Bitcoin mining stocks have tanked as much as 27% over the last three trading days despite a recent B...
Bitcoin miner Riot says chip shortage, climate-focused regs are risks to profit
As part of its annual report’s risk disclosures section, Riot Platforms said it expects to continue paying “higher than usual” costs for ASIC miners until the chip crisis is resolved. Bitcoin BTC $51,375 miner Riot Platforms said that an ongoing chip shortage, the constant need...
OpenAI reportedly seeking trillions for AI chip development
OpenAI is reportedly seeking trillions in funding for AI chip development, aiming to overcome the scaling constraints of the company and overall chip scarcity. Sam Altman, the CEO of the artificial intelligence (AI) developer OpenAI, is reportedly in talks with investors worldwi...
Monero hits 5-month low as Binance plans delisting
The upcoming Monero delisting might be a “sign of the slow demise of Binance,” according to some industry observers. Major privacy-focused cryptocurrency Monero has plummeted to multimonth lows amid Binance announcing the upcoming delisting of the token from its platform. Binan...
Bitcoin miner Hut 8 shares tank 23% amid accusations from short-sellers
The firm’s share price decline came just before activist short-selling firm JCapital Research released an unverified report warning Hut 8 investors of an “upcoming pump and dump.” Bitcoin BTC $41,228 miner Hut 8 Corp. share price tumbled more than 23% on Jan. 18, the same day t...