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Today, at the 2025 Bitcoin Conference in Las Vegas, the CEO of Tether Paolo Ardoino talked about the investments, inventions and Bitcoin mining of Tether. Paolo Ardoino began his speech by saying, “last year we made $13 billion in profit. We keep a $120 billion blast in US treasuries as of now. We have committed…
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Bitcoin quietly slid to its weakest price in nine days on Thursday afternoon as crypto markets cooled off after a multi-week rally from the April lows. The top cryptocurrency hit a session low of $105,750 before rebounding to just above $106,000. It was down 1.5% in the last 24 hours, but still only 5% away…
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AI could soon surpass Bitcoin mining in energy consumption, according to a new analysis that concludes artificial intelligence could use close to half of all the electricity consumed by data centers globally by the end of 2025. The estimates come from Alex de Vries-Gao, a PhD candidate at Vrije Universiteit Amsterdam Institute for Environmental Studies…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, cryptocurrencies remain little changed as bitcoin manages to hang onto the $107,000 level. Plus, Bo Hines, White House Digital Assets Council chair, discusses the Trump Administration’s strategy for crypto. And, Robinhood CEO Vlad Tenev breaks…
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In brief The iShares Bitcoin Trust (IBIT) exchange-traded fund so far amassed $6.22 billion in May, marking its best month ever in terms of monthly inflows. IBIT also logged 10 consecutive days of inflows toward the end of the month. The ETF previously recorded roughly $6.2 billion in inflows in March 2024. The iShares Bitcoin…
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Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin gains with a fallback anchored to gold. The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin’s price rise…
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GameStop (GME) shares dropped nearly another 6% on Thursday as investors continued to sell the news of the company’s disclosure of its initial bitcoin acquisitons. The company on Wednesday morning said it had acquired 4,710 bitcoin — a long-awaited move tied to its crypto treasury strategy revealed in March. At that time, the company initiated…
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The pair of hard-partying crypto bros accused of sadistically torturing an Italian millionaire lured him to New York City with the promise of returning Bitcoin they had allegedly stolen from him — only to then keep him hostage for weeks in a twisted bid to siphon the rest, prosecutors alleged. Michael Valentino Teofrasto Carturan, 28,…
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Ethereum (ETH), the leading altcoin on the digital currency market, has made significant gains as it decoupled from Bitcoin (BTC). In the last 24 hours, Ethereum has increased in value, with a price gain of over 3%, as against Bitcoin, which declined by 0.9%. Rising volume and investor optimism fuel ETH upside According to CoinMarketCap…
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Key takeaways: A 20-day Bitcoin Coinbase Premium streak signals strong institutional investor and retail investor interest. Falling BTC inflows from short- and long-term holders reduce downside risk. A bullish divergence and triangle breakout pattern target $118,000 in June. Bitcoin (BTC) price looks primed for another breakout in June due to strong demand from US investors…