Steven Walgenbach

Elon Musk has given Bitcoin a timely boost after it tumbled 10% in the past week, saying it cannot be faked like fiat money. Responding to a post on X by financial news outlet ZeroHedge, the Tesla and SpaceX founder said Bitcoin’s energy-based system gives it an advantage over “fake fiat currency,” which governments can […]

US spot Bitcoin and Ethereum ETFs (exchange-traded funds) saw more than $750 million in combined outflows on Monday. That was after the crypto market experienced a flash crash on Friday that resulted in $19 billion in liquidations in just hours. That came after US President Donald Trump threatened to impose 100% tariffs on China in […]

Strategy has bought another $27.2 million worth of BTC after recently pausing purchases. According to an X post made by the company’s Executive Chairman Michael Saylor, Strategy acquired 220 BTC in its latest purchase at an average price of $123,561 per Bitcoin. With BTC trading at $114,571.69 as of 8:43 a.m. EST, Strategy’s most recent […]

A Singapore High Court has approved a restructuring plan for crypto exchange WazirX, clearing the way for the company to start user repayments following a $234 hack million last year. The decision will allow users to recover up to 55% of the funds that they lost in the hack. That decision by the court also […]

Bitcoin miners are poised to benefit from the boom around artificial intelligence (AI) infrastructure due to their pre-secured, high-density power capacity, according to research firm Bernstein. Analysts led by Gautam Chhugani argued in an Oct. 10 report that Bitcoin miners’ power advantage positions the firms as critical infrastructure partners for AI providers who are facing […]