Bitdeer (BTDR) Shares Fell 20% on Wider-Than-Estimated Q3 Net Loss, ASIC Chip Delay

Bitdeer Technologies Group (BTDR), a bitcoin BTC$105,319.34 miner and equipment manufacturer that announced a strategic pivot into artificial intelligence and data center infrastructure in October, slumped 20% on Monday after saying its next-generation ASIC chip was delayed and reporting a wider-than-estimated third-quarter loss. The net loss widened to $266.7 million, or $1.28 per share, from…

CleanSpark To Raise $1.1B For BTC mining, AI Data Center Expansion

Nasdaq-listed Bitcoin mining company CleanSpark is raising capital to expand its mining and data center operations, as major miners pivot toward artificial intelligence (AI) infrastructure. CleanSpark announced a $1.15 billion senior convertible note offering on Tuesday, aiming to raise more capital to expand its Bitcoin (BTC) mining operations. The miner estimates it will raise about…

Institutions Plan Crypto Investment Boost Despite Market Correction

Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research. Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a…

Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

Brazil’s central bank completed rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.  Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs),…

Bitcoin Spot Demand Spikes Signaling BTC’s ‘Potential for a Breakout Move’

Key takeaways: Bitcoin spot demand has flipped positive, signaling a potential bullish reversal. Increasing spot volume suggests higher speculative activity.  BTC price must reclaim $110,000 as support to secure the recovery. Demand for Bitcoin (BTC) has shown signs of recovery, signaling a possible bullish reversal. However, traders say momentum will increase once the BTC/USD pair…

Institutions Plan Crypto Investment Boost Despite Market Correction

Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research. Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a…

Institutions Plan Crypto Investment Boost Despite Market Correction

Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research. Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a…

Square Enables Bitcoin Payments for Sellers

Payment processor Square has launched its Bitcoin payment feature for sellers, allowing them to opt in and accept Bitcoin at checkout through its point-of-sale system. Jack Dorsey, co-founder of Block, which owns Square, said in an X post on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin to…

BitMine Buys 34% More ETH Week-Over-Week, Adding 110,288 Ether

BitMine’s digital treasury accumulation is showing no signs of slowing down, with its latest week of Ether buying marking a 34% increase from the week before.  BitMine Immersion Technologies announced the purchase of 110,288 Ether (ETH) on Monday, bringing its total to 3,505,723 ETH at an average purchase price of $3,639 per token. As part…

Senate Ag Releases Crypto Market Structure Bill Draft

The US Senate Agriculture Committee has released its long-awaited discussion draft of crypto market structure laws, bringing Congress closer to passing legislation outlining how the crypto sector will be regulated. Republican Agriculture Chair John Boozman and Democrat Senator Cory Booker released the draft on Monday, which includes brackets around sections of the bill that lawmakers…