India’s Enforcement Directorate (ED) has searched premises linked to CoinDCX and Delta Exchange India over alleged violations of foreign exchange rules involving unauthorized cross-border crypto transactions. The searches took place on November 4 and 5, when officials visited three premises in Bengaluru connected to Neblio Technologies, the company behind CoinDCX, and Excelium Technologies, which operates…

Bitcoin Magazine DOJ’s Operation TorNado Arrests 354 and Seizes $234 Million in Cash and Crypto The Justice Department and Europol said Thursday that Operation TorNado has produced 354 arrests and the seizure of more than $234 million in cash and virtual currencies, in what the FBI called the largest takedown yet of dark web drug…

▶ Bitcoin Magazine Jensen Huang Steps Down: Are the Cracks Beginning to Show in Circular AI Financing NVIDIA CEO Jensen Huang has resigned after the company’s board met to discuss possible removal, and BMTV hosts Grace Remington and Sean Hagan walk through what that means for the AI buildout. The New York Times reported a…

Polymarket has laid off employees and ended several contractor agreements as part of a broader company restructuring. Cuts have mainly affected its marketing, customer experience, and engineering teams. The company said that the move comes as it prepares for its next phase of growth. Latest Shake-Up More than half of those affected were contractors, while…

▶ Bitcoin Magazine Peter Schiff on the Bitcoin Crash: “Get the Hell Out” Challenged on why two or three down years would matter for Bitcoin when gold and the Nasdaq have had similar streaks before recoveries, Peter Schiff says the difference is the backdrop. When a market can’t go up on the best news it…

▶ Bitcoin Magazine Simon Dixon: What It Would Take for Me to Sell My Bitcoin for Gold Simon Dixon, CEO and co-founder of BnkToTheFuture, tells BMTV there are only three things that would make him sell all of his Bitcoin and buy gold. Since 2011, he says Bitcoin has done three things incredibly well: you…

Bitcoin Magazine Binance Says It Has Fully Covered the $6.34 Billion Hack With Company Funds Binance said Thursday it has completed coverage of the $6.34 billion Oct. 29 hack from company funds, two weeks after the largest crypto theft on record, even as withdrawals continue to reopen in phases. In a Thursday announcement, the exchange…

Finding a leading cryptocurrency that hasn’t suffered a painful loss over the past week is no easy task, and Hyperliquid’s native token is no exception to the broader market downturn. Following the latest plunge, analysts remain split on what comes next. Here are some of the latest projections. Bears Aren’t Done Yet? HYPE has plummeted…

Midnight, the privacy-focused chain developed by the team behind Cardano, hit a new record on November 10 after it processed over 96,000 transactions. That is more than four times the slightly more than 24,000 that went through Zcash on the same day. Midnight’s Activity Outpaces Zcash Data shared by market commentary account MSB Intel shows…

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Bitcoin is approaching the lower boundary of its broader ascending channel after extending its decline toward $71K. Buyers have responded near short-term demand, but failed recoveries and heating futures activity leave the market vulnerable to further volatility. Bitcoin Price Analysis: The Daily Chart The daily chart shows Bitcoin continuing to form lower highs and lower…

Bitcoin Magazine Israel Discount Bank to Let Customers Trade Bitcoin in App Starting Nov. 26 Israel Discount Bank said Wednesday that from Nov. 26 it will let eligible customers buy, hold and sell bitcoin and ether in the bank’s mobile app, a launch that would beat larger rival Bank Leumi if it stays on schedule.…

A Democratic takeover of Congress may look like bad news for the industry, but Bitwise Chief Investment Officer Matt Hougan believes the bigger picture tells a different story. While the election could bring short-term market volatility, Hougan said that the changing demographics of Congress matter more to crypto’s long-term prospects than which party holds power.…

Bitcoin Magazine JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs JPMorgan Chase raised its Strategy (MSTR) stake 36% in the third quarter, a Form 13F filed Thursday shows, lifting the position to 848,932 shares worth $131.3 million at Sept. 30, weeks before an MSCI index exit. That is up…

Bitcoin Magazine Crypto Exchange Gemini Sells U.K. and EU Units to KAST for Under $10 Million Gemini Space Station has sold its already shuttered U.K. and European operations to Singapore stablecoin payments firm KAST for less than $10 million, according to CoinDesk reporting, as the exchange prepares to report third-quarter results after Thursday’s close. Gemini…

Bitcoin Magazine BNY Mellon Raises Its Strive (ASST) Stake 28% to $7 Million as Monday’s 13F Deadline Nears Bank of New York Mellon (BNY) raised its stake in Strive (ASST) by 28% in the third quarter, a Form 13F filed Nov. 5 shows, lifting the position to 237,100 shares worth $6.97 million at Sept. 30…

Solana’s native token has been in steep decline over the past month, down approximately 25% and currently trading around $81 (according to CoinGecko). Some analysts remain unfazed by the plunge, describing the ongoing levels as a great buying opportunity, while others think the worst may still be to come. ‘Free Money?’ ZAYRO ₿ recently claimed…

Bitcoin Magazine Rumble (RUM) Sells Two-Thirds of Its Bitcoin as AI Cloud Business Delivers First Profitable Quarter RUM Group, the parent of video platform Rumble, cut its bitcoin holdings by about two-thirds in the third quarter, the company disclosed Wednesday, as its newly acquired AI cloud business pushed it to its first profitable quarter on…

Bitcoin Magazine BlackRock’s IBIT Bleeds $2 Billion in Nine Straight Days of Outflows BlackRock’s iShares Bitcoin Trust (IBIT) lost another $269.7 million on Wednesday, its ninth straight session of redemptions, as U.S. spot bitcoin exchange-traded funds posted a fifth consecutive day of net outflows totaling $299.8 million. Across the nine sessions since Oct. 30, IBIT…

Bitcoin Magazine Bitcoin Price Falls Below $72,000 as Nvidia CEO Jensen Huang Steps Down and Strategy (MSTR) Slides Bitcoin price fell below $72,000 on Thursday morning, its lowest level since mid-August, after Nvidia said CEO Jensen Huang had resigned and Strategy shares slid following MSCI’s confirmation of an index exit, according to Bitcoin Magazine Pro…

Nvidia, which was the largest company in the world in terms of market cap until just days ago, is facing its biggest leadership crisis in years after reports of a second affair involving CEO Jensen Huang rattled the firm from the inside out. The latest development on the matter came out just minutes ago as…

The cryptocurrency market is on the move again, and the direction is rather familiar and painful. Bitcoin just tanked to $72,000, marking a multi-month low, and the altcoins have followed suit after Trump’s latest comments on the war against Iran. Expectedly, the total value of wrecked positions has jumped again, with $220 million worth of…

At one point in the last 24 hours, Bitcoin rose to about $74,600 after shocks caused by October’s US CPI data contributed to it falling below $73,000 recently. However, at the time of writing, it was back below $73,000, with market commentary account CryptosRus suggesting that BTC has to overcome three tests for the rebound…

Higher-than-expected inflation in the United States, a political shift in America, waning interest in risk assets, and other factors have weighed heavily on the number one cryptocurrency, which has tumbled 12% over the past month and now trades near $73,400 (per CoinGecko). And while some market observers anticipate a further plunge in the short term,…