BIT Mining Limited ADS (BTCM)
2.5100
+0.0400 (1.62%)
Bit Mining Ltd is a leading technology company that specializes in cryptocurrency mining and data center operations
The company focuses on providing processing power for various blockchain networks, enabling secure transactions and maintaining the integrity of decentralized systems. By leveraging advanced mining equipment and high-efficiency data centers, Bit Mining aims to capitalize on the growing demand for cryptocurrency and contribute to the expanding ecosystem surrounding digital assets. Additionally, the company engages in the development and distribution of innovative mining solutions to enhance operational efficiency and sustainability in the industry.
French Investigators Start Probing Binance for Alleged Fraud
French officials have started a formal judicial investigation into Binance over tax fraud, money laundering, and other financial offenses allegations.
Via CryptoCurrencyWire · February 4, 2025
VanEck’s Top 10 Predictions for Crypto in 2025
VanEck Senior Investment Analyst Patrick Bush and Head of Digital Asset Research Matthew Sigel have shared their top ten predictions for the 2025 cryptocurrency industry . Here’s an overview of their insights:
Via CryptoCurrencyWire · January 7, 2025
Bitcoin Crosses the $100,000 Mark as Optimism After Trump’s Election Continues
Bitcoin surpassed the historical $100,000 on Thursday, marking a significant milestone that even skeptics recognize as a pivotal moment for digital assets. The surge reflects growing confidence in cryptocurrencies, buoyed by the prospect of a favorable regulatory environment under the incoming U.S. administration.
Via CryptoCurrencyWire · December 10, 2024
Bitcoin Edges Past $89,000 as “the Trump Effect” Carries On
Bitcoin reached new peaks on Monday, November 11, as the crypto surge continued in the wake of Donald Trump’s recent election victory. Coin Metrics data showed Bitcoin rising over 12% to about $89,174 following an earlier climb to a fresh high of $89,623.
Via CryptoCurrencyWire · November 14, 2024
Tesla Transfers BTC Worth $765M to Unknown Wallets, Concerns Arise Regarding Musk’s Plans
Elon Musk’s evolving connection with cryptocurrency has taken yet another twist. According to blockchain analytics company Arkham Intelligence, Tesla moved Bitcoin (BTC) worth over $765 million to unidentified wallets.
Via Investor Brand Network · October 23, 2024
Tesla Transfers BTC Worth $765M to Unknown Wallets, Concerns Arise Regarding Musk’s Plans
Elon Musk’s evolving connection with cryptocurrency has taken yet another twist. According to blockchain analytics company Arkham Intelligence, Tesla moved Bitcoin (BTC) worth over $765 million to unidentified wallets.
Via CryptoCurrencyWire · October 23, 2024
Binance on the Spot for Seizing Crypto Funds from Palestinians
Crypto exchange Binance has reportedly come under fire for allegedly freezing crypto from Palestinians at the behest of Israeli authorities. On Aug. 26, 2024, Ray Youssef, CEO of the Noones P2P network and cofounder of Paxful, stated on X (formerly Twitter) that Binance had frozen Palestinian funds after receiving a request from the Israeli Defense Forces (IDF).
Via CryptoCurrencyWire · September 13, 2024
Financial Disclosure Reveals Trump Owns Crypto Worth at Least $1M
Former President Donald Trump holds more than $1 million in crypto assets and has profited $300,000 from selling branded Bibles, according to a recent personal financial disclosure. The branded Bible, named the Greenwood Bible, is priced at $59.99.
Via CryptoCurrencyWire · August 21, 2024
Kamala Harris Poised to Throw Spanner in Trump’s Crypto Sunshine
Former President Donald Trump is working to solidify his presidential bid by appealing to the crypto industry and attracting campaign donations. However, a new dynamic has emerged with the rise of Kamala Harris. Trump’s presence at the Bitcoin (BTC) 2024 conference in Nashville indicates that a second term for Trump could bring favorable digital asset policies. Meanwhile, major crypto companies and investors are gearing up to spend significant sums to sway this year’s elections.
Via CryptoCurrencyWire · July 31, 2024
Court Rules That BNB Sales, Cryptos Aren’t Securities in SEC Case Against Binance
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia recently ruled that secondary BNB sales and crypto are not securities offerings . This ruling marks a notable victory for Binance.US as several claims from the U.S. Securities and Exchange Commission (SEC) were dismissed, according to Binance’s announcement on July 2, 2024.
Via CryptoCurrencyWire · July 10, 2024
Lykke Confirms Platform Was Breached, $22M in Crypto Assets Stolen
Crypto exchange Lykke announced on June 10, 2024,that it had experienced a security breach, leading to the theft of digital assets worth $22 million . Lykke assured its users that despite the breach, their funds were safe, and the compromised systems were immediately shut down to prevent further damage.
Via CryptoCurrencyWire · June 17, 2024
Trump’s Campaign to Start Accepting Crypto for Campaign Contributions
The presidential campaign of Donald Trump has announced that it will start accepting crypto donations as part of its strategy to create a “cryptocurrency army” in the lead-up to election day. The campaign has set up a fundraising platform that enables any legally permissible donor to contribute to its political committees using a variety of cryptocurrencies accepted by the Coinbase exchange.
Via CryptoCurrencyWire · May 29, 2024
Latest US Labor Market Data Pushes Bitcoin Above $60K
Bitcoin maintained its position above the $60,000 mark after the release of the U.S. job market report on April 3, 2024. The new report altered predictions about when the Fed would cut its key interest rate, moving it to September instead of November.
Via CryptoCurrencyWire · May 8, 2024
Markets Climb as Hong Kong Approves Cryptocurrency ETFs
Hong Kong has approved its inaugural exchange-traded funds (ETFs) monitoring digital currencies Ether and Bitcoin, marking a significant milestone for the region. This move positions Hong Kong as the first country in Asia to offer such products following the United States’ introduction of the pioneering Bitcoin spot ETFs in January.
Via CryptoCurrencyWire · April 19, 2024
Experts Discuss How Public Trust, Transparency Can Be Bolstered in Cryptocurrency Markets
Recent disclosures about money laundering, dishonesty and fraudulent activity by Binance, FTX and other organizations have seriously damaged public trust in the crypto asset market, especially concerning trading platforms. Rebuilding trust demands a firm commitment to safeguarding investors’ interests and transparency. Bruce Tupper, president and creator of CoinRegTech, and Tyler Williams, Galaxy’s head of legislative and regulatory affairs, offer insights on how these can be achieved in cryptocurrency markets.
Via CryptoCurrencyWire · April 1, 2024
Understanding the Why Behind Bitcoin’s Latest Surge
Bitcoin recently surged to an all-time high, surpassing its previous peak set more than two years ago. The digital currency exceeded its November 2021 high of nearly $69,000, although it retraced slightly later to hover around $64,000. Currently, Bitcoin boasts a market capitalization of about $1.3 trillion, constituting a significant portion of the overall $2.6 trillion crypto market.
Via CryptoCurrencyWire · March 11, 2024
Report Says Global Crypto Users Reached 580M Last Year
The global count of crypto owners experienced an upswing in 2023, surging by 34% to reach a massive 580 million by December, according to a recent Crypto.com report . Remarkably, the surge in crypto adoption occurred against the backdrop of various macrochallenges, including the pandemic’s aftereffects, changes in Western central banks’ monetary policies to control inflation, and geopolitical tensions in the Middle East and Europe.
Via CryptoCurrencyWire · January 31, 2024
New U.S. Law on Crypto Tax Reporting Comes into Force
A new tax legislation, the Infrastructure Investment & Jobs Act, ratified in late 2021, now requires individuals or businesses obtaining at least $10,000 in crypto during their commercial activities to submit a report to the Internal Revenue Service (IRS), according to insights from Coin Center, a nonprofit organization dedicated to exploring and advocating public policy aspects of cryptocurrency.
Via CryptoCurrencyWire · January 10, 2024
BlackRock Opens Door to Institutions to Invest in Its Bitcoin ETF
BlackRock’s proposed Bitcoin (BTC) spot ETF is undergoing a key adjustment in its mechanics, opening up possibilities for Wall Street financial institutions to play a significant role . The recent modification allows authorized participants, essential players in the ETF ecosphere, to generate new fund shares using cash, a departure from the previous restriction to crypto-only creation.
Via CryptoCurrencyWire · December 18, 2023
The Cryptocurrency Industry Reacts to Bankman-Fried’s Fraud Conviction
The recent conclusion of Sam Bankman-Fried’s trial has sparked contemplation on the future trajectory of the cryptocurrency industry . The verdict, which found Bankman-Fried, the founder of cryptocurrency exchange FTX, guilty of seven counts of fraud, has left many questioning the implications for the crypto market.
Via CryptoCurrencyWire · November 10, 2023
EU Passes Resolution to Strengthen Regional Cooperation on Crypto Tax Information Sharing
The European Union’s Council has enacted a directive to improve coordination between national tax agencies, specifically concerning crypto asset transactions. The Oct. 17, 2023, announcement represents a substantial change in the way the EU regulates crypto assets, indicating a proactive stance toward the economy’s fast digitalization. The directive proposes extensive modifications to EU regulations on administrative cooperation in taxation.
Via CryptoCurrencyWire · October 23, 2023
Singapore Arrests Collapsed Crypto Hedge Fund Cofounder
Authorities in Singapore have apprehended Three Arrows Capital (3AC) cofounder Su Zhu as he attempted to leave Singapore. Teneo, the liquidator in charge of managing 3AC’s bankruptcy proceedings, released an official statement last week detailing the capture of Zhu at Changi Airport as he tried to exit the city-state.
Via CryptoCurrencyWire · October 4, 2023
JPMorgan Report Shows Crypto Miners Are Diversifying Business Interests
Bitcoin mining companies are branching into fresh business domains, diversifying into high-performance computing services for the rapidly expanding artificial intelligence sector. The objective behind this shift is to decrease their dependence on the cryptocurrency market, according to a recent research report by JPMorgan.
Via CryptoCurrencyWire · August 25, 2023
SEC Wanted Coinbase to Trade Only Bitcoin Before Suing Exchange, FT Report
According to a report by the Financial Times, Coinbase’s CEO Brian Armstrong revealed that the U.S. SEC had advised Coinbase to cease trading in any cryptos except Bitcoin prior to taking legal action targeting the exchange. According to an SEC spokesman, company delisting of cryptocurrency assets is not requested by SEC officials. However, staff members may offer their own opinions during investigations about whether certain conduct could give the commission cause for concern about securities regulations.
Via CryptoCurrencyWire · August 4, 2023
Standard Chartered Expects Bitcoin to Climb to $120,000 Next Year
According to Standard Chartered, the main cryptocurrency, Bitcoin, has the potential to rise to $50,000 in value this year and an impressive $120,000 in 2024 . The bank believes the recent uptick in Bitcoin’s price may motivate miners to hoard more of the coins they find.
Via CryptoCurrencyWire · July 14, 2023