[Trader says BTC daily close above $78.5K may signal market normalization]
Bitcoin closing its daily candle above around $78,500 could be the first sign the market is normalizing after being shaken by the Binance hack, prominent crypto trader Doctor Profit said.
Doctor Profit said three technically important levels were presented on Sunday last week, with $78,500 corresponding to level two. Bitcoin is now testing that zone, and if it breaks below the level and then recovers, that could favor buyers, Doctor Profit said. That would mean panic selling triggered by the Binance hack has been absorbed, capitulation has likely run its course, and buyers are regaining control. Doctor Profit added that a recovery of the level-two price zone would signal market normalization, but Bitcoin needs to do more than stage a modest rebound from the lows. A clear recovery and consolidation confirmed by a daily close are needed for upside momentum to build again.
https://coinness.com/en/news/1174322
Bitcoin closing its daily candle above around $78,500 could be the first sign the market is normalizing after being shaken by the Binance hack, prominent crypto trader Doctor Profit said.
Doctor Profit said three technically important levels were presented on Sunday last week, with $78,500 corresponding to level two. Bitcoin is now testing that zone, and if it breaks below the level and then recovers, that could favor buyers, Doctor Profit said. That would mean panic selling triggered by the Binance hack has been absorbed, capitulation has likely run its course, and buyers are regaining control. Doctor Profit added that a recovery of the level-two price zone would signal market normalization, but Bitcoin needs to do more than stage a modest rebound from the lows. A clear recovery and consolidation confirmed by a daily close are needed for upside momentum to build again.
https://coinness.com/en/news/1174322
CoinNess
Trader says BTC daily close above $78.5K may signal market normalization - CoinNess
Bitcoin closing its daily candle above around $78,500 could be the first sign the market is normalizing after being shaken by the Binance hack, prominent crypto...
[Krueger says U.S. midterm results are best-case scenario for BTC]
Bitcoin maximalist Fred Krueger said the outcome of the U.S. midterm elections is the best-case scenario for BTC.
In a post on X, Krueger said the election result has become clear and the Democratic Party’s victory in Texas is making AI-related investments less attractive. Krueger added government debt issues and money issuance will continue, while investment capital needs a new theme, with BTC as the strongest alternative.
https://coinness.com/en/news/1174323
Bitcoin maximalist Fred Krueger said the outcome of the U.S. midterm elections is the best-case scenario for BTC.
In a post on X, Krueger said the election result has become clear and the Democratic Party’s victory in Texas is making AI-related investments less attractive. Krueger added government debt issues and money issuance will continue, while investment capital needs a new theme, with BTC as the strongest alternative.
https://coinness.com/en/news/1174323
CoinNess
Krueger says U.S. midterm results are best-case scenario for BTC - CoinNess
Bitcoin maximalist Fred Krueger said the outcome of the U.S. midterm elections is the best-case scenario for BTC. In a post on X, Krueger said the election res...
[Apple bans employees from prediction market trading on inside information]
According to a filing Apple submitted to the U.S. SEC, the company recently revised its insider trading policy to prohibit employees from participating in prediction market trading using confidential information obtained through their work. The rule applies not only to Apple-related information but also to information involving suppliers and business partners. Employees who violate the policy could face disciplinary action, including termination.
https://coinness.com/en/news/1174324
According to a filing Apple submitted to the U.S. SEC, the company recently revised its insider trading policy to prohibit employees from participating in prediction market trading using confidential information obtained through their work. The rule applies not only to Apple-related information but also to information involving suppliers and business partners. Employees who violate the policy could face disciplinary action, including termination.
https://coinness.com/en/news/1174324
[Revolut valued at $115B after existing shareholders sell stakes]
UK fintech firm Revolut, which offers cryptocurrency trading and custody services, was valued at $115 billion after completing a share sale by existing shareholders including employees, Bloomberg reported. That marks about a 53% increase from its roughly $75 billion valuation about a year earlier.
Revolut did not issue new shares, and existing shareholders sold their holdings to other investors. Last month, Revolut’s crypto entity obtained a distributed ledger technology license in Gibraltar to provide cryptocurrency trading and custody services. About 16 million of Revolut’s 80 million retail customers use crypto services.
https://coinness.com/en/news/1174325
UK fintech firm Revolut, which offers cryptocurrency trading and custody services, was valued at $115 billion after completing a share sale by existing shareholders including employees, Bloomberg reported. That marks about a 53% increase from its roughly $75 billion valuation about a year earlier.
Revolut did not issue new shares, and existing shareholders sold their holdings to other investors. Last month, Revolut’s crypto entity obtained a distributed ledger technology license in Gibraltar to provide cryptocurrency trading and custody services. About 16 million of Revolut’s 80 million retail customers use crypto services.
https://coinness.com/en/news/1174325
CoinNess
Revolut valued at $115B after existing shareholders sell stakes - CoinNess
UK fintech firm Revolut, which offers cryptocurrency trading and custody services, was valued at $115 billion after completing a share sale by existing sharehol...
[Zhao says all hacks are preventable, sees lessons from latest incident]
Binance founder Changpeng Zhao, whose cryptocurrency worth about $6.34 billion was stolen last week by a North Korea-linked hacking group, said on a recent podcast that all hacks are preventable and that the latest incident offered many lessons.
Zhao added that companies can grow complacent after going long periods without security breaches, causing them to overlook potential problems. Zhao said he supports creating an industry-wide security alliance to share best practices, conduct cross-audits, and help freeze funds quickly, adding that Zhao wants to help advance the initiative.
https://coinness.com/en/news/1174326
Binance founder Changpeng Zhao, whose cryptocurrency worth about $6.34 billion was stolen last week by a North Korea-linked hacking group, said on a recent podcast that all hacks are preventable and that the latest incident offered many lessons.
Zhao added that companies can grow complacent after going long periods without security breaches, causing them to overlook potential problems. Zhao said he supports creating an industry-wide security alliance to share best practices, conduct cross-audits, and help freeze funds quickly, adding that Zhao wants to help advance the initiative.
https://coinness.com/en/news/1174326
CoinNess
Zhao says all hacks are preventable, sees lessons from latest incident - CoinNess
Binance founder Changpeng Zhao, whose cryptocurrency worth about $6.34 billion was stolen last week by a North Korea-linked hacking group, said on a recent podc...
[Crypto in America founder says U.S. midterm results are damaging for crypto]
Crypto in America founder Eleanor Terrett said on X that the latest U.S. midterm election delivered results that were broadly damaging to both the Republican Party and the cryptocurrency industry. Terrett outlined several key developments that could affect the crypto sector.
- Democratic Sen. Sherrod Brown, a crypto skeptic, won re-election. Brown could rise to a leadership role on the Senate committee overseeing cryptocurrency.
- Pro-crypto House members Bryan Steil, Zach Nunn and Ann Wagner were defeated.
- Democratic Sen. Kirsten Gillibrand’s influence is set to grow, while Republicans under Tim Scott could see weaker control of the Senate and may have to give up the chairmanship of the Banking Committee.
- Rep. Maxine Waters, a crypto critic, is now more likely to become chair of the House Financial Services Committee.
- Republican Sen. Pete Ricketts, the ranking member on the Senate Banking Committee and a pro-crypto lawmaker, won re-election.
- Pro-crypto Republican Rep. Andy Barr won re-election.
https://coinness.com/en/news/1174327
Crypto in America founder Eleanor Terrett said on X that the latest U.S. midterm election delivered results that were broadly damaging to both the Republican Party and the cryptocurrency industry. Terrett outlined several key developments that could affect the crypto sector.
- Democratic Sen. Sherrod Brown, a crypto skeptic, won re-election. Brown could rise to a leadership role on the Senate committee overseeing cryptocurrency.
- Pro-crypto House members Bryan Steil, Zach Nunn and Ann Wagner were defeated.
- Democratic Sen. Kirsten Gillibrand’s influence is set to grow, while Republicans under Tim Scott could see weaker control of the Senate and may have to give up the chairmanship of the Banking Committee.
- Rep. Maxine Waters, a crypto critic, is now more likely to become chair of the House Financial Services Committee.
- Republican Sen. Pete Ricketts, the ranking member on the Senate Banking Committee and a pro-crypto lawmaker, won re-election.
- Pro-crypto Republican Rep. Andy Barr won re-election.
https://coinness.com/en/news/1174327
CoinNess
Crypto in America founder says U.S. midterm results are damaging for crypto - CoinNess
Crypto in America founder Eleanor Terrett said on X that the latest U.S. midterm election delivered results that were broadly damaging to both the Republican Pa...
[Mercado Bitcoin hacker keeps selling stolen assets, amasses $18.19M in ETH]
A hacker tied to Brazilian crypto exchange Mercado Bitcoin has continued selling stolen assets through multiple wallets and has so far amassed 7,988 ETH worth $18.19 million, according to on-chain analytics firm Hupzy, formerly Spot On Chain.
Hupzy said the hacker recently gathered 31 stolen altcoins into a new wallet, sold the entire batch, and swapped the proceeds into ETH worth about $316,000. A CoinNess analysis says the continued sales are adding sell pressure to those altcoins while increasing the hacker’s ETH holdings. It added that if the accumulated ETH is moved to exchanges, it could create additional selling pressure.
https://coinness.com/en/news/1174328
A hacker tied to Brazilian crypto exchange Mercado Bitcoin has continued selling stolen assets through multiple wallets and has so far amassed 7,988 ETH worth $18.19 million, according to on-chain analytics firm Hupzy, formerly Spot On Chain.
Hupzy said the hacker recently gathered 31 stolen altcoins into a new wallet, sold the entire batch, and swapped the proceeds into ETH worth about $316,000. A CoinNess analysis says the continued sales are adding sell pressure to those altcoins while increasing the hacker’s ETH holdings. It added that if the accumulated ETH is moved to exchanges, it could create additional selling pressure.
https://coinness.com/en/news/1174328
CoinNess
Mercado Bitcoin hacker keeps selling stolen assets, amasses $18.19M in ETH - CoinNess
A hacker tied to Brazilian crypto exchange Mercado Bitcoin has continued selling stolen assets through multiple wallets and has so far amassed 7,988 ETH worth $...
[Hong Kong passes bill mandating OECD crypto transaction reporting]
Hong Kong’s Legislative Council has passed a bill to adopt the OECD’s crypto transaction information reporting standard, The Block reported. Under the bill, relevant crypto service providers must collect transaction data starting in 2027, and Hong Kong tax authorities plan to automatically exchange the information with tax authorities in cooperating countries and regions beginning in 2028.
https://coinness.com/en/news/1174329
Hong Kong’s Legislative Council has passed a bill to adopt the OECD’s crypto transaction information reporting standard, The Block reported. Under the bill, relevant crypto service providers must collect transaction data starting in 2027, and Hong Kong tax authorities plan to automatically exchange the information with tax authorities in cooperating countries and regions beginning in 2028.
https://coinness.com/en/news/1174329
CoinNess
Hong Kong passes bill mandating OECD crypto transaction reporting - CoinNess
Hong Kong’s Legislative Council has passed a bill to adopt the OECD’s crypto transaction information reporting standard, The Block reported. Under the bill,...
[Trump-linked cryptocurrencies fall as TRUMP drops 79.52% over the past year]
Major cryptocurrencies linked to U.S. President Donald Trump and his family fell across the board over the past 24 hours, according to CoinMarketCap.
Trump’s official memecoin, Official Trump (TRUMP), was trading at $1.47, down 7.26% over the past 24 hours. Its decline over the past year reached 79.52%. First lady Melania Trump’s memecoin, MELANIA, fell 3.92% over 24 hours to $0.07157, down 26.88% from a year earlier. World Liberty Financial (WLFI) traded at $0.04878, down 2.12% over the past 24 hours and 55% over the past year.
https://coinness.com/en/news/1174330
Major cryptocurrencies linked to U.S. President Donald Trump and his family fell across the board over the past 24 hours, according to CoinMarketCap.
Trump’s official memecoin, Official Trump (TRUMP), was trading at $1.47, down 7.26% over the past 24 hours. Its decline over the past year reached 79.52%. First lady Melania Trump’s memecoin, MELANIA, fell 3.92% over 24 hours to $0.07157, down 26.88% from a year earlier. World Liberty Financial (WLFI) traded at $0.04878, down 2.12% over the past 24 hours and 55% over the past year.
https://coinness.com/en/news/1174330
[Space-based BTC mining is theoretically possible, but uneconomical for now]
Mining Bitcoin with solar power in space is technically possible, but remains economically unviable for now, U.Today analyzed.
With Tesla CEO Elon Musk mentioning space data centers on X today, the outlet said solar power generation in space could sharply reduce electricity costs for mining rigs. However, it said the cost of sending equipment into orbit and cooling systems remain major obstacles. Because space is a vacuum, heat cannot be dissipated through air as it is on Earth, meaning separate cooling equipment and radiators would be needed.
According to Boston Consulting Group, current launch costs are around $1,500 per kilogram, meaning it would cost about $1.5 million just to send one metric ton of mining equipment into orbit. That excludes the cost of the equipment itself, cooling infrastructure, solar panels, and maintenance. U.Today said space-based mining could become more economical if launch costs fall sharply and mining efficiency and cooling technology improve, but for now, ground-based mining remains the more practical option.
https://coinness.com/en/news/1174331
Mining Bitcoin with solar power in space is technically possible, but remains economically unviable for now, U.Today analyzed.
With Tesla CEO Elon Musk mentioning space data centers on X today, the outlet said solar power generation in space could sharply reduce electricity costs for mining rigs. However, it said the cost of sending equipment into orbit and cooling systems remain major obstacles. Because space is a vacuum, heat cannot be dissipated through air as it is on Earth, meaning separate cooling equipment and radiators would be needed.
According to Boston Consulting Group, current launch costs are around $1,500 per kilogram, meaning it would cost about $1.5 million just to send one metric ton of mining equipment into orbit. That excludes the cost of the equipment itself, cooling infrastructure, solar panels, and maintenance. U.Today said space-based mining could become more economical if launch costs fall sharply and mining efficiency and cooling technology improve, but for now, ground-based mining remains the more practical option.
https://coinness.com/en/news/1174331
[Bloomberg analyst sees broader boom-bust pattern across BTC and commodities]
Bloomberg Intelligence macro strategist Mike McGlone said prices across Bitcoin and commodity markets are increasingly showing a pattern of sharp rallies followed by steep declines.
In a post on X, McGlone said silver surged about 60% in the first quarter, then turned lower and was down about 30% from the start of the year as of Nov. 3. He said silver’s return to levels first traded in 1980 may suggest a typical commodity boom-bust cycle is spreading more broadly. McGlone added that while West Texas Intermediate crude rose to over $100 a barrel in late October, prices for U.S. natural gas, copper, grains and Bitcoin fell, which may signal the sharp rise-then-drop pattern is becoming more widespread.
McGlone had earlier said BTC could fall to $10K if the U.S. stock market undergoes a 20% correction.
https://coinness.com/en/news/1174332
Bloomberg Intelligence macro strategist Mike McGlone said prices across Bitcoin and commodity markets are increasingly showing a pattern of sharp rallies followed by steep declines.
In a post on X, McGlone said silver surged about 60% in the first quarter, then turned lower and was down about 30% from the start of the year as of Nov. 3. He said silver’s return to levels first traded in 1980 may suggest a typical commodity boom-bust cycle is spreading more broadly. McGlone added that while West Texas Intermediate crude rose to over $100 a barrel in late October, prices for U.S. natural gas, copper, grains and Bitcoin fell, which may signal the sharp rise-then-drop pattern is becoming more widespread.
McGlone had earlier said BTC could fall to $10K if the U.S. stock market undergoes a 20% correction.
https://coinness.com/en/news/1174332
CoinNess
Bloomberg analyst sees broader boom-bust pattern across BTC and commodities - CoinNess
Bloomberg Intelligence macro strategist Mike McGlone said prices across Bitcoin and commodity markets are increasingly showing a pattern of sharp rallies follow...
[Petrobras tokenizes sustainable aviation fuel certificates on Cardano]
The Cardano Foundation said Petrobras, Brazil’s largest state-run oil and natural gas company, is tokenizing sustainable aviation fuel, or SAF, certificates on the Cardano chain. The foundation’s head of business development for Latin America appeared on CNN Brasil with Petrobras and discussed the tokenization of SAF certificates, improved traceability, and the prevention of double counting.
https://coinness.com/en/news/1174334
The Cardano Foundation said Petrobras, Brazil’s largest state-run oil and natural gas company, is tokenizing sustainable aviation fuel, or SAF, certificates on the Cardano chain. The foundation’s head of business development for Latin America appeared on CNN Brasil with Petrobras and discussed the tokenization of SAF certificates, improved traceability, and the prevention of double counting.
https://coinness.com/en/news/1174334
CoinNess
Petrobras tokenizes sustainable aviation fuel certificates on Cardano - CoinNess
The Cardano Foundation said Petrobras is tokenizing sustainable aviation fuel, or SAF, certificates on Cardano. The foundation’s head of business development ...
[Circle reports $865M in Q3 revenue, up 17% on year]
Circle, the issuer of the dollar-pegged stablecoin USDC, reported third-quarter revenue of $865 million, up about 17% from a year earlier, according to a post on its official website on Nov. 4.
Net income rose 5% on year to $226 million. Average USDC circulation increased 8% to $73.3 billion, while on-chain transaction volume climbed 49% to $13.9 trillion. Adjusted EBITDA jumped 85% to $317 million.
Circle also cited a $100 million equity investment from Binance, a partnership with Chelsea FC, and expanded USDC payments infrastructure with Visa and Samsung Wallet as key third-quarter achievements. In addition, the company reported $182 million tied to the Arc mainnet launch and ARC token presale revenue, and said it carried out a workforce reduction of about 5% in the third quarter.
https://coinness.com/en/news/1174335
Circle, the issuer of the dollar-pegged stablecoin USDC, reported third-quarter revenue of $865 million, up about 17% from a year earlier, according to a post on its official website on Nov. 4.
Net income rose 5% on year to $226 million. Average USDC circulation increased 8% to $73.3 billion, while on-chain transaction volume climbed 49% to $13.9 trillion. Adjusted EBITDA jumped 85% to $317 million.
Circle also cited a $100 million equity investment from Binance, a partnership with Chelsea FC, and expanded USDC payments infrastructure with Visa and Samsung Wallet as key third-quarter achievements. In addition, the company reported $182 million tied to the Arc mainnet launch and ARC token presale revenue, and said it carried out a workforce reduction of about 5% in the third quarter.
https://coinness.com/en/news/1174335
CoinNess
Circle reports $865M in Q3 revenue, up 17% on year - CoinNess
USDC issuer Circle reported third-quarter revenue of $865 million, up about 17% from a year earlier, according to results posted on its official website on toda...
[Circle says Arc mainnet targets PoS transition in 2027]
Circle said in its third-quarter earnings release that the Arc mainnet is pursuing a transition to a proof-of-stake model in 2027.
Circle said more than 100 institutions and ecosystem participants joined the Arc mainnet on its launch day, with USDC integrated. Major institutions, including operators of global financial systems, took part in the initial validator group, according to the company. Circle added that it completed the issuance of the ARC token alongside the mainnet launch, with the initial supply set at 10 billion tokens. That makes Circle a listed company that has issued a network token for a layer-one blockchain. Circle said ARC was designed as the Arc network’s native token for security, utility, and governance coordination.
CoinNess previously reported that Circle disclosed $182 million in revenue from the ARC presale.
https://coinness.com/en/news/1174336
Circle said in its third-quarter earnings release that the Arc mainnet is pursuing a transition to a proof-of-stake model in 2027.
Circle said more than 100 institutions and ecosystem participants joined the Arc mainnet on its launch day, with USDC integrated. Major institutions, including operators of global financial systems, took part in the initial validator group, according to the company. Circle added that it completed the issuance of the ARC token alongside the mainnet launch, with the initial supply set at 10 billion tokens. That makes Circle a listed company that has issued a network token for a layer-one blockchain. Circle said ARC was designed as the Arc network’s native token for security, utility, and governance coordination.
CoinNess previously reported that Circle disclosed $182 million in revenue from the ARC presale.
https://coinness.com/en/news/1174336
[Companies opposing stock tokenization on OKXICE rise to 59, adding Apple and two others]
The number of companies objecting to tokenized stock listings on OKXICE, a joint platform run by crypto exchange OKX and ICE, the parent of the New York Stock Exchange, has risen from 56 to 59. According to a list released by OKXICE on Nov. 3, the newly added companies were Apple, Home Depot and GE Vernova.
That means six of the Magnificent Seven major U.S. big tech companies, excluding Meta, are now on the opposition list. OKXICE had originally named 62 companies as potential tokenization targets.
https://coinness.com/en/news/1174337
The number of companies objecting to tokenized stock listings on OKXICE, a joint platform run by crypto exchange OKX and ICE, the parent of the New York Stock Exchange, has risen from 56 to 59. According to a list released by OKXICE on Nov. 3, the newly added companies were Apple, Home Depot and GE Vernova.
That means six of the Magnificent Seven major U.S. big tech companies, excluding Meta, are now on the opposition list. OKXICE had originally named 62 companies as potential tokenization targets.
https://coinness.com/en/news/1174337
[Saylor says U.S. midterm results show bipartisan support for BTC reserves]
Strategy founder Michael Saylor said the U.S. midterm election results showed bipartisan support for strategic Bitcoin reserves. In a post on X, Saylor said Republican candidate Byron Donalds, who backed a federal Bitcoin reserve, was elected governor of Florida, while Democratic candidate James Talarico, who supported a state-level reserve bill, won a Texas Senate seat.
https://coinness.com/en/news/1174338
Strategy founder Michael Saylor said the U.S. midterm election results showed bipartisan support for strategic Bitcoin reserves. In a post on X, Saylor said Republican candidate Byron Donalds, who backed a federal Bitcoin reserve, was elected governor of Florida, while Democratic candidate James Talarico, who supported a state-level reserve bill, won a Texas Senate seat.
https://coinness.com/en/news/1174338
[BitGo launches institutional trading and financial services unit]
BitGo has launched BitGo Global Markets, a trading and financial services division for institutional clients, The Block reported on Nov. 4.
The new unit will be led by Pete Janney, a former executive at Bitcoin financial services firm NYDIG. It plans to offer institutional clients spot trading, OTC trading, crypto-backed lending, derivatives including options and swaps, and structured financial products. It will also provide eligible institutional clients with investment strategy management, private fund access, and research services.
CoinNess previously reported that BitGo had acquired NYDIG’s institutional trading business.
https://coinness.com/en/news/1174339
BitGo has launched BitGo Global Markets, a trading and financial services division for institutional clients, The Block reported on Nov. 4.
The new unit will be led by Pete Janney, a former executive at Bitcoin financial services firm NYDIG. It plans to offer institutional clients spot trading, OTC trading, crypto-backed lending, derivatives including options and swaps, and structured financial products. It will also provide eligible institutional clients with investment strategy management, private fund access, and research services.
CoinNess previously reported that BitGo had acquired NYDIG’s institutional trading business.
https://coinness.com/en/news/1174339
CoinNess
BitGo launches institutional trading and financial services unit - CoinNess
BitGo has launched BitGo Global Markets, a trading and financial services division for institutional clients, The Block reported on Nov. 4. The new unit will b...
[Hut 8 completes $250M buyback funded by sale of 3,102 BTC]
Nasdaq-listed U.S. Bitcoin miner Hut 8 said it completed a $250 million share repurchase using proceeds from the sale of about 3,102 BTC from the third quarter through before its Nov. 4 earnings release.
As of the end of September, before reflecting post-quarter sales, the value of BTC holdings attributable to Hut 8 stood at $697.4 million, while BTC holdings attributable to American Bitcoin were valued at $702.9 million. Hut 8’s third-quarter revenue fell 14.9% from a year earlier to $71.1 million, while net income rose about 3.7-fold to $189.5 million. The net profit figure included $413.8 million in digital-asset-related gains, most of which were unrealized.
https://coinness.com/en/news/1174340
Nasdaq-listed U.S. Bitcoin miner Hut 8 said it completed a $250 million share repurchase using proceeds from the sale of about 3,102 BTC from the third quarter through before its Nov. 4 earnings release.
As of the end of September, before reflecting post-quarter sales, the value of BTC holdings attributable to Hut 8 stood at $697.4 million, while BTC holdings attributable to American Bitcoin were valued at $702.9 million. Hut 8’s third-quarter revenue fell 14.9% from a year earlier to $71.1 million, while net income rose about 3.7-fold to $189.5 million. The net profit figure included $413.8 million in digital-asset-related gains, most of which were unrealized.
https://coinness.com/en/news/1174340
CoinNess
Hut 8 completes $250M buyback funded by sale of 3,102 BTC - CoinNess
Nasdaq-listed U.S. Bitcoin miner Hut 8 said it completed a $250 million share repurchase using proceeds from the sale of about 3,102 BTC from the third quarter ...
[Kiyosaki says he buys more BTC on dips, sees no reason to worry]
Robert Kiyosaki, author of "Rich Dad Poor Dad," said on X that while many investors panic when gold, silver, and Bitcoin plunge, he instead buys more.
Kiyosaki added he keeps buying whenever gold, silver, and Bitcoin fall because global debt levels continue to rise, particularly in the United States. He also criticized leaders for failing to address what he described as the root problem and faulted education systems for not properly teaching money and finance. Kiyosaki further argued fiat currency’s original purpose is to take wealth from people who work, earn, and save, adding he is instead looking forward to the next major drop in gold, silver, and Bitcoin.
https://coinness.com/en/news/1174341
Robert Kiyosaki, author of "Rich Dad Poor Dad," said on X that while many investors panic when gold, silver, and Bitcoin plunge, he instead buys more.
Kiyosaki added he keeps buying whenever gold, silver, and Bitcoin fall because global debt levels continue to rise, particularly in the United States. He also criticized leaders for failing to address what he described as the root problem and faulted education systems for not properly teaching money and finance. Kiyosaki further argued fiat currency’s original purpose is to take wealth from people who work, earn, and save, adding he is instead looking forward to the next major drop in gold, silver, and Bitcoin.
https://coinness.com/en/news/1174341
CoinNess
Kiyosaki says he buys more BTC on dips, sees no reason to worry - CoinNess
Robert Kiyosaki, author of "Rich Dad Poor Dad," said on X that while many investors panic when gold, silver, and Bitcoin plunge, he instead buys more. Kiyosaki...
[Crypto PACs spent $170M in U.S. midterms, topping AI by about $100M]
The three largest political action committees tied to the crypto industry spent about $170 million in the U.S. midterm elections, far exceeding the roughly $72 million spent by AI-related PACs, according to Eleanor Terrett, founder of crypto-focused outlet Crypto in America.
In a post on X, Terrett said the AI industry also deployed significant political funding in the election, but fell short of the crypto sector. Terrett added both industries still saw some candidates lose despite heavy financial backing, with AI PAC-backed candidates Darlin Graham, Mike Rogers and Carlos De La Cruz all defeated.
https://coinness.com/en/news/1174342
The three largest political action committees tied to the crypto industry spent about $170 million in the U.S. midterm elections, far exceeding the roughly $72 million spent by AI-related PACs, according to Eleanor Terrett, founder of crypto-focused outlet Crypto in America.
In a post on X, Terrett said the AI industry also deployed significant political funding in the election, but fell short of the crypto sector. Terrett added both industries still saw some candidates lose despite heavy financial backing, with AI PAC-backed candidates Darlin Graham, Mike Rogers and Carlos De La Cruz all defeated.
https://coinness.com/en/news/1174342
CoinNess
Crypto PACs spent $170M in U.S. midterms, topping AI by about $100M - CoinNess
The three largest political action committees tied to the crypto industry spent about $170 million in the U.S. midterm elections, far exceeding the roughly $72 ...
[Riot sells 20,264 BTC this year through Q3 to fund data center construction]
U.S. Bitcoin miner Riot Platforms said in a third-quarter earnings report filed with the U.S. SEC that it sold a total of 20,264 BTC through the third quarter this year, securing about $1.5 billion in cash, and sold 8,962 BTC in the third quarter alone. The company primarily used the cash to build data centers.
Third-quarter revenue rose 1% from a year earlier to $181 million, while net income fell sharply to $4.03 million from $104 million a year earlier. By business segment, Riot recorded $116 million in Bitcoin mining revenue, $18.4 million in data center revenue, and $47 million in engineering revenue.
Third-quarter Bitcoin production increased 16% from a year earlier to 1,637 BTC, while the cost to mine one BTC fell to $39,265. As of Sept. 30, Riot held 2,418 BTC worth $202 million. The company also fully repaid its $200 million credit line from Coinbase and recovered all BTC posted as collateral.
https://coinness.com/en/news/1174343
U.S. Bitcoin miner Riot Platforms said in a third-quarter earnings report filed with the U.S. SEC that it sold a total of 20,264 BTC through the third quarter this year, securing about $1.5 billion in cash, and sold 8,962 BTC in the third quarter alone. The company primarily used the cash to build data centers.
Third-quarter revenue rose 1% from a year earlier to $181 million, while net income fell sharply to $4.03 million from $104 million a year earlier. By business segment, Riot recorded $116 million in Bitcoin mining revenue, $18.4 million in data center revenue, and $47 million in engineering revenue.
Third-quarter Bitcoin production increased 16% from a year earlier to 1,637 BTC, while the cost to mine one BTC fell to $39,265. As of Sept. 30, Riot held 2,418 BTC worth $202 million. The company also fully repaid its $200 million credit line from Coinbase and recovered all BTC posted as collateral.
https://coinness.com/en/news/1174343
CoinNess
Riot sold 20,264 BTC through Q3 to fund data center construction - CoinNess
Riot Platforms said in a third-quarter earnings report filed with the U.S. SEC that it sold a total of 20,264 BTC through the third quarter, securing about $1.5...