Crypto miner and manufacturer Canaan fell 6.9% on the Nasdaq on Tuesday despite reporting a 121.1% year-on-year increase in revenue to $196.3 million in the fourth quarter, driven by an increase in hardware sales and stronger mining performance. Canaan reported that its Bitcoin (BTC) mining revenue rose 98.5% year-on-year to $30.4 million, helping boost its … Read more
Key takeaways: The Bitcoin long-to-short indicator at Binance hit a 30-day low, signaling a sharp decline in bullish leverage demand. US-listed Bitcoin exchange-traded funds reversed a negative trend with $516 million in net inflows following a period of heavy liquidations. Bitcoin (BTC) has fluctuated within a tight 8% range over the last four days, consolidating … Read more
The Bank of England has launched a new industry experimentation initiative to explore how tokenized assets could be settled using synchronized, atomic settlement in British pounds sterling as part of efforts to modernize the UK’s real-time gross settlement (RTGS) infrastructure. The Synchronisation Lab initiative will allow 18 selected companies to test delivery-versus-payment and payment-versus-payment settlement between the … Read more
Verifying Satoshi Nakamoto: A matter of math, not media From time to time, individuals claim to be Satoshi Nakamoto, Bitcoin’s pseudonymous creator. Such announcements generate headlines, spark heated debates and trigger instant skepticism. Yet after years of assertions, lawsuits, leaked files and media interviews, no claim has been backed by definitive proof. The reason is … Read more
The United Kingdom’s financial watchdog has launched court action against cryptocurrency exchange HTX, alleging it illegally promoted crypto asset services to British consumers in breach of financial advertising rules. The UK Financial Conduct Authority (FCA) said it began proceedings against HTX and several related persons in the Chancery Division of the High Court in October … Read more
Gemini’s decision to exit the United Kingdom, European Union and Australia to focus on the United States and Singapore has sharpened questions over whether the UK’s still unfinished rulebook is deterring even well‑regulated players the government hoped to attract. In April 2022, then Chancellor Rishi Sunak said it was his “ambition to make the UK … Read more
Ethereum has hit a zone typically associated with mass selling, with an MVRV Z-Score returning a score of -0.42 — though analysts are split on whether the price of Ether is close to bottoming out. The MVRV Z-Score is a metric used to assess whether a crypto asset is overvalued or undervalued by comparing its … Read more
Backpack, a crypto exchange founded by former employees of FTX, says it will launch a 1-billion-supply token in the future, with its distribution schedule tied to its goal of going public in the US. Backpack posted to X on Monday that its token launch will begin with 25% of the intended supply, or 250 million … Read more
Beast Industries, the entertainment company founded by YouTuber Jimmy “MrBeast” Donaldson, is acquiring Step, a mobile banking app focused on teenagers and young adults, marking its most significant push into finance to date. In a post to X on Monday, Donaldson said the motivation behind the acquisition was to equip young people with the tools … Read more
Bitcoin (BTC) is trading above $70,000 as traders attempt to stabilize price action following the sharp sell-off last Friday, which briefly pushed BTC below $60,000 and erased nearly $10,000 in a single session. Onchain data shows long-term holders (LTHs) reduced exposure at the fastest pace since December 2024, but the total supply held by long-term … Read more