The SHIB team and community have scorched billions of tokens in the past month. The resurgence of the burning program has coincided with the positive performance of the self-proclaimed Dogecoin killer, whose price has jumped by 10% within that period. Big Burn, But There’s a Catch The X account Shibburn revealed that over 3.2 billion…

Bitcoin Magazine American Bitcoin Reports Quarterly Loss But Boosts Bitcoin Stash  Publicly traded Bitcoin treasury and mining company American Bitcoin’s stock jumped on Monday following news that the firm’s crypto holdings had increased. The company (NASDAQ: ABTC) reported a second-quarter ‌loss on Monday due to the decline in Bitcoin’s price but still added the largest…

Bitcoin mining has long become a massive business niche in which the individual miner has been sidelined, but there are occasional exceptions. A single miner managed to mine block number 960804, which secured them the 3.125 BTC prize, worth roughly $200,000 at today’s prices. Pseudonymous software developer at CKPool, Dr -ck, was among the first to…

The primary cryptocurrency has experienced another pullback over the past few days. Potential reasons for the negative performance include the Coldcard exploit, waning institutional interest, and Strategy’s latest sell-off. Here’s everything you need to know. The Coldcard Drama Last week, Coinkite, the company behind the Colcard hardware wallet, warned users that their Bitcoin funds could…

After the highly expected weekend in which supporters of the bill expected some sort of an advancement, Eleanor Terrett reported that the White House has failed to respond to a key counterproposal. The popular journalist noted a few days ago that Senator Thom Tillis and Senator Ruben Gallego had pushed for stronger ethics provisions, indicating…

Michael Saylor, co-founder, former CEO, and current Chairman of the world’s largest corporate holder of bitcoin, spoke after the company announced its third BTC sale in the past few months. He weighed in on a statement he had made countless times in the past: “Never sell your bitcoin,” but noted that it was meant for…

Bitcoin Magazine Crypto Clarity Act Risks More Delay As Recess Looms The long-awaited crypto Clarity Act may be further delayed as August recess fast approaches.  Despite optimism last week from top crypto companies — like Coinbase — and backing from top financial institutions, lawmakers appear to be prioritizing other bills to vote on before their…

Cardano’s native token is among the best-performing cryptocurrencies (from the top 10 club) over the past week. Its renewed momentum has naturally drawn more attention, with some market observers now projecting further gains. The Rally Goes on? ADA experienced a sudden and rather unexpected revival this weekend, rising to a monthly peak of around $0.19.…

Bitcoin Magazine Strategy Sells Bitcoin After Five Weeks Without Buying Bitcoin treasury Strategy on Monday announced that it had again sold a slice of its Bitcoin holdings, offloading 1,638 BTC for roughly $104.7 million. In a filing with the Securities and Exchange Commission, the company said the sale took place between July 27 and August…

Flare has announced that its FXRP token can now be used as collateral in Sentora’s RLUSD vault on Morpho, marking a new step for XRP in decentralized finance. The update allows XRP holders to access lending markets on Ethereum without selling their underlying holdings. The integration follows Sentora’s approval of FXRP for use in its…

Bitcoin Magazine Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen Hackers continue to drain Coldcard Bitcoin wallets, with the total amount stolen now estimated to be standing at over $114 million.  A fourth wave of attacks likely started on Sunday evening, according to Galaxy Research’s Alex Thorn. Posting at around 7:50pm…

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Bitmine Immersion Technologies, the largest global owner of ETH, has continued with its aggressive accumulation strategy by adding 10,399 coins over the past week. Its treasury has consistently increased over the past year and now stands at 5,797,813 ETH – just shy of the 5.8 million milestone. Another Big Purchase The press release shared by…

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PIVX (PIVX), Vulcan Forged PYR (PYR), and four other lesser-known digital assets have posted substantial losses today (August 3), and the main culprit behind the decline appears to be Binance. Over the past several weeks, the world’s largest crypto exchange announced several other platform amendments that have affected multiple altcoin traders and investors. Goodbye to…

Strategy has increased its US dollar reserve and expanded its preferred-stock repurchases. The otherwise Bitcoin-focused company is moving to strengthen its balance sheet. The firm added $250 million to its cash reserve, bringing the total to $4 billion. It also repurchased approximately $81 million worth of its Variable Rate Series A Perpetual Stretch Preferred Stock…

Crypto investor Arthur Hayes warned on August 3 that markets should watch this week’s Federal Reserve H.4.1 release for signs that Japan used US Treasury holdings as collateral to obtain dollars during recent yen intervention efforts. The move has raised questions about how central banks may manage currency pressure without disrupting bond markets, with potential…

The Sunday morning minor relief rally couldn’t continue for long, and bitcoin dived below $63,000 again on Monday and even dipped to $62,200 for the second time in just a few days. The larger-cap alts have joined the ride, with ETH sliding below $1,850, and XRP heading towards a familiar support level. BTC Dips Toward…

Ripple has expanded its digital capital markets strategy. The company announced today investments in Zilo and Lucuido – two firms that are focused on developing infrastructure for tokenized funds and institutional asset trading. The move builds on existing partnerships with both firms. Ripple did not disclose the size of either investment. Speaking on the matter…

A suspected fourth wave of attacks targeting vulnerable Coldcard-generated Bitcoin wallets may already be underway, with blockchain researcher Alex Thorn warning on August 3 that almost 449 BTC had been swept from hundreds of addresses in about two and a half hours. The latest activity, which was still unfolding as Thorn posted, follows three earlier…

Bitcoin, the altcoins, and the broader financial markets face another eventful week, with geopolitical developments, key US labor data, major earnings reports, and fresh economic indicators all capable of influencing investor sentiment. The cryptocurrency market is in a fragile place once again. The weekend moves on the war front in the Middle East did little…

On-chain data shows that the Ethereum blockchain has developed a lot in the past few years, currently processing more activity than ever before. At the same time, the underlying asset has failed to benefit, as it continues to struggle below $2,000. One analyst believes this disconnect has become one of the biggest debates surrounding the…

PayPal has reported $486.4 billion in total payment volume for the second quarter on July 28, up 10% year over year. It also confirmed a reorganization that hands crypto its own division inside the company. The unit, Payment Services & Crypto, sits alongside Checkout Solutions & PayPal and Consumer Financial Services & Venmo. In the…

Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset a sharp decline in crypto income. The company’s transaction-based revenue jumped 44% to $776 million during the quarter. Event contracts emerged as one of its fastest-growing businesses. In fact, revenue from event contracts…