Steven Walgenbach

Bitwise Chief Investment Officer (CIO) Matt Hougan says he is not too concerned with Bitcoin’s short-term price movements, and argues that BTC’s value stems from the “service” it provides investors.  That’s as Bitcoin’s price slid a fraction of a percentage in the past 24 hours to trade at $91,275.53 as of 7:05 a.m. EST. This […]

BlackRock’s US spot Bitcoin ETF (exchange-traded fund) reported its largest net daily outflows since the product launch in January 2024. In the latest trading session,the BlackRock iShares Bitcoin Trust (IBIT) saw $523.2 million net daily outflows, according to data from Farside Investors. This surpassed the previous record of $463 million that was seen less than […]

KindlyMD’s share price plummeted over 9% yesterday after it announced that it won’t be able to meet the deadline for its third quarter earnings. In paperwork filed with the US Securities and Exchange Commission (SEC), the company said that the complexity of the accounting related to its merger with Nakamoto earlier this year has “necessitated […]

Hive Digital shares surged 7.5% yesterday after the Bitcoin mining company reported record quarterly revenue. It said revenue for the quarter ending Sept. 30 soared 285% from a year earlier to $87.3 million, and was also up 91% from the previous quarter. Executive chairman Frank Holmes said that despite Bitcoin’s hashprice only rising about 25% […]

Crypto investment products hemorrhaged $2 billion in outflows last week, their largest weekly loss since February, according to CoinShares. The withdrawals mark the third straight week of negative flows, bringing total outflows over the period to $3.2 billion, CoinShares said in a Nov. 18 report. The selloff has seen total assets under management for crypto […]