The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over $1.5 million in losses to the National Power […]
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American Bitcoin Corp. (ABTC), the miner backed by the Trump family, significantly missed the mark this quarter, reporting a $59 million loss amid the industry’s deepest rout since 2022. While revenue grew, the company’s stock has plummeted roughly 90% from its September highs, trading just above $1.00 following the earnings release. American Bitcoin Corp., which…
Bitcoin’s cost basis revealed stark contrast between long-term holders and recent buyers SOPR maintained 1.04 level as whale addresses accumulated through the $105K test Bitcoin’s market structure has been noting a significant shift after whale addresses reached levels not seen since December 2017. The shift seems to be corresponding with the crypto’s price action testing…
IREN Ltd., once known for mining Bitcoin, is undergoing a dramatic reinvention as an AI infrastructure provider—a transformation that will face a critical test when the company reports second-quarter earnings on Thursday. Summary IREN has pivoted from Bitcoin mining to AI cloud infrastructure, repurposing its energy sites into data centers and securing a $9.7 billion…
Solana heads into 2026 facing the question of whether infrastructure upgrades and tokenized financial activity can push the network beyond its memecoin reputation. Solana kicked off 2025 at the height of the memecoin frenzy, with Solana (SOL) reaching a new all-time high of $293 on Jan. 19. As memecoin volumes cooled over the year, SOL…
TL;DR: Expectations for U.S. Fed interest rate cut are heating up with institutions continuing to increase their holdings, the crypto market has surged again, with its total market cap surpassing $4.18 trillion. Bitcoin hit a new all-time high, touching $124,000 before a slight pullback; Ethereum broke the $4,700 mark, just a step away from its…
Bitcoin is soaring once again, but Bitcoin.com CEO Corbin Fraser wishes to remind everyone that with its unique set of driving forces, bitcoin is on a long-term trajectory to reshape the global economy Bitcoin Nears Historic Highs but Huge Growth Is Still Ahead Bitcoin’s recent price action has been impressive, with the cryptocurrency approaching…