crypto

Block Inc. (XYZ), the payments company run by Jack Dorsey, may reduce its workforce by as much as 10%, Bloomberg reported, citing people familiar with the matter. Hundreds of employees at the bitcoin BTC$71,300.65-supporting owner of Cash App and Square have been told their jobs are at risk, Bloomberg said. The reviews are part of…

IREN’s (IREN) latest earnings offered a snapshot of a company mid-transition, with shares currently paying the price for that transition. The firm reported weaker-than-expected revenue and earnings as bitcoin BTC$69,614.17 mining took a back seat to its rapidly expanding AI cloud ambitions. Crushed by record-low margins after the 2024 halving, bitcoin miners are recasting themselves…

Bitfarms (BITF) is moving its legal base from Canada to the United States and will rebrand as Keel Infrastructure as part of its pivot from bitcoin mining BTC$70,300.56 to data center development for high-performance computing (HPC) and artificial intelligence (AI) workloads. The redomiciling process, announced in a Friday press release, will be subject to shareholder,…

Crypto markets are adding to overnight gains in U.S. morning trade on Friday, with bitcoin BTC$69,288.35 climbing above $68,000, up nearly 17% since hitting $60,000 late yesterday. Bitcoin is now higher by 2.5% over the past 24 hours. Ether ETH$2,083.89 is up 2.2% and solana SOL$87.34 2%. Outperforming is XRP XRP$1.4184, which has climbed to…

Bitwise contends that the crypto industry’s obsession with timing a market bottom overlooks a historical pattern where peak investor anxiety often signals the start of a recovery. Having navigated the 2018 and 2022 winters, the crypto asset manager suggested the current “anxious feeling” in the market is a trailing indicator of historical recovery zones. Bitwise…

Chinese regulators have broadened their crackdown on crypto activities, imposing strict oversight on tokenization and stablecoin issuance in a Friday notice. “Recently, influenced by various factors, speculative activities related to virtual currencies and the tokenization of real-world assets have occurred frequently, posing new challenges and situations for risk prevention and control,” said the notice, issued…

Bitcoin has recovered from a low near $60,000 to now stand around $69,000, having effectively given back the gains it made after Donald Trump’s election in November 2024 this week. The cryptocurrency’s drop was accompanied by a broader market sell-off that saw the CoinDesk 20 (CD20) index lose more than 17% of its value in…

Bitcoin’s sharp decline — nearly 50% from its all-time highs reached just months ago — has reignited debate over the cryptocurrency’s stability, but hedge fund veteran Gary Bode says the selloff is a feature of the asset’s inherent volatility rather than a sign of a broader crisis. In a post on X, Bode noted that…

As February began, bitcoin was trading around $80,000, with whales dipping their toes in while retail investors were running for the exits. Just one week later, bitcoin plunged to $60,000 on Feb. 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors start to see value. This…