Author: Coindesk
Bitcoin is little changed, having recovered from a dip below $68,000. Aside from today’s U.S. presidential election, which has traders seeking clues for the next market move, BTC has also been threatened by activity by Mt. Gox. The defunct crypto exchange transferred over 32,000 BTC ($2.2 billion) to unmarked wallet addresses, often a sign of an impending transfer to exchanges, thereby applying selling pressure to BTC. Bitcoin traded at just under $68,800 late in the European morning, little changed in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has fallen just over…
Bitcoin’s hashrate hit a record high on a seven-day moving average of 755 EH/s last week. Hashrate is the computational power required to mine and process transactions on a proof-of-work blockchain. At the end of October, hashrate surged almost 12% in one day, one of the biggest rises year-to-date, according to Glassnode data. Read the full article here
“If Harris wins, the likelihood of these ETFs getting approved may decrease, potentially leading to a 15% drop in solana, while bitcoin might experience a more limited decline of around 9%,” Thielen said, adding that a Trump victory could see SOL, BTC and ether rise by around 5%. Read the full article here
Mt. Gox was once the world’s top crypto exchange, handling over 70% of all bitcoin transactions in its early years. In early 2014, hackers attacked the exchange, resulting in the loss of an estimated 740,000 bitcoin (more than $15 billion at current prices). The hack was the biggest of the many attacks on the exchange in the years 2010-13. Read the full article here
He stands on a stage at the Bitcoin Conference, in Nashville, and says how much he likes crypto people. He announces a Bitcoin Strategic Reserve. He promises to free Ross Ulbricht. He hands out burgers at PubKey, in NYC. He even forms his own DeFi project, World Liberty Financial, complete with an insider-y governance model (what better way to signal one’s fidelity to crypto than that?) Trump says and does all the things crypto wants to hear and he attracts millions in donations as a result. The loudmouths go to bat for him, culture warriors in performative hatred. He occupies…
This is where bitcoin mining, Marr realized, can provide a profitable solution. If a solar plant, or a wind farm, has the ability to convert, nearly instantly, its excess electricity into bitcoin instead of selling it at a loss, renewable energy companies could significantly boost their revenue. That, in turn, would make the financing of new green energy projects more palatable, and reduce the industry’s need for government subsidies. Read the full article here
The firm as of Nov. 4 holds 1,058 bitcoin, having purchased 47 BTC for $3 million since its most previous acquisition disclosure in late August. In total, Semler has spent $71 million on its bitcoin buys and those 1,058 tokens are worth roughly $71.4 million at bitcoin’s current price of $67,500. Read the full article here
Stand With Crypto, our advocacy group, held a successful tour through five swing states — AZ, MI, NV, WI, PA — and Washington, DC, where we engaged with crypto advocates, voters, policymakers, and local crypto founders at concerts, tailgates, and crypto networking events. We also conducted voter registration at these high-turnout events — over 500,000 people have engaged with SWC’s voter registration or candidate research tools. Read the full article here
By tokenizing money-market funds and using blockchain technology, Citi and Fidelity International — which is separate from the better-known Fidelity Investments — aim to facilitate faster, seamless transactions, allowing investors to manage FX risks more efficiently. This advancement could enable corporate treasurers to diversify portfolios and access higher yields on U.S. dollar-denominated MMFs while maintaining liquidity. Read the full article here
With a16z’s fresh contribution, Fairshake and its affiliated PACs – the Democrat-oriented Protect Progress and the Republican-oriented Defend American Jobs – now have $78 million in their coffers for the 2026 midterm elections. Crypto exchange Coinbase committed $25 million to Fairshake last week, and, according to a Fairshake spokesperson, the group has “$30 million in the bank.” Read the full article here