BitRiver, Russia’s largest Bitcoin miner, is on the verge of collapse amid mounting financial and legal problems. Courts have placed its parent company, Fox Group of Companies, under observation as debts and unpaid obligations pile up. One of the disputes driving the court action involves Infrastructure of Siberia. The company is seeking more than $9 […]
Bitcoin prices tanked to around $73,000 in late trading on Tuesday, its lowest level since November 2024. The fall is significant because it dropped below April 2025 support levels, which were around $74,500, confirming bear market territory. “Negative momentum is currently extreme as the bear market persists following the October 10 flash crash,” reported Swissblock. The […]
Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, has stated that the cryptocurrency market has been in a full-blown “crypto winter” since January 2025. The exec said that signs suggest the downturn may be closer to ending than beginning. Positive News Isn’t Driving Prices In a recent post titled “The Depths of Crypto Winter,” Hougan explained that, […]
Investors pulled $1.7 billion from digital asset investment products this past week. This has reversed year-to-date gains and left a net $1 billion outflow globally. CoinShares stated that the decline reflects weaker investor confidence, influenced by a more hawkish US Federal Reserve Chair, continued selling by crypto whales linked to the four-year cycle, and rising […]
“FUD has taken over social media,” following Bitcoin’s 16% fall over the past week, said blockchain analytics firm Santiment on Monday. The crash was “a result of retail selling their bags,” it stated before adding that “this is more proof that markets move in the opposite direction of the crowd’s narratives.” “Negative posts about crypto […]
Blockstream CEO Adam Back responded to renewed attention around the company after newly unsealed Jeffrey Epstein documents emerged as part of a large US Department of Justice disclosure. In a public clarification, Back said Blockstream has no ongoing or historical financial relationship with the convicted sex offender. Blockstream Says No Epstein Ties Back asserted that […]
The broader market correction continues in crypto, as bitcoin just slumped below $75,000 for the first time in almost a year, with ETH dumped beneath $2,200. While this sounds bad, because it is, it’s also worth looking for a different perspective, which might show that ‘we are still early’ in crypto. The Crypto Calamity Bitcoin […]
U.S. banks are increasingly at risk of losing deposits to the digital assets space as stablecoins continue to gain traction. The concern comes amid growing stablecoin adoption, with the total supply in circulation having risen by roughly 40% over the past year to just over $300 billion. Long-term Funding Concerns A Bloomberg report citing analysis […]
It’s almost difficult to imagine that just a couple of weeks ago, bitcoin was riding high above $95,000, and the community was speculating about a potential run toward a six-digit price territory for the first time in 2026. Not only did that rally fail to materialize, but the bears woke up in the middle of […]
Illicit cryptocurrency activity rebounded sharply in 2025, driven primarily by Russia-linked sanctions designations and improved attribution. A new report by TRM Labs estimates that fraudulent wallets received approximately $158 billion in incoming value during the year, which is the highest level recorded over the past five years. The increase is a dramatic reversal from 2024, […]