Crypto News

- Jeffrey Epstein Invested in Bitcoin Firm Blockstream, Invited Founder Adam Back to Island Convicted sex offender and financier Jeffrey Epstein invited longtime Bitcoiner Adam Back and his co-founder Austin Hill to visit his island after investing in their Bitcoin technology company Blockstream in 2014, according to newly released files from the U.S. Department of Justice. Back is a British cryptographer best known for inventing Hashcash, a proof-of-work system that later became a core building block of Bitcoin. He's also co-founder and CEO of Blockstream, where he works on Bitcoin infrastructure, cryptography, and scaling technologies. The email exchange began with Epstein asking Hill to call him on April 15, 2014, and providing a...

- Bitcoin Plummets to 15-Month Low as Crypto, Stock Prices Tumble Bitcoin has fallen further in the last 24 hours, extending its weekly slide to more than 15% as it fell to a daily low of $73,111—its lowest mark in the last 15 months. The price of Bitcoin has since partially rebounded to $74,744, still showing a more than 4% dip on the day. The slide comes amid tumbling asset prices across crypto and traditional markets, where indices like the S&P 500 and Nasdaq Composite have fallen 1.41% and 2.22%, respectively, in the last trading day. Those indices have been pulled down by popular tech stocks like payments firm and stablecoin issuer PayPal (PYPL), which has fallen more than 19% on the day following its earnings report. The move...

- Barry Silbert Sees Latest Slump As 'Gift From Crypto Gods,' Drops His Top Bets Even As Bitcoin Sinks Under $75,000 Barry Silbert, CEO of cryptocurrency conglomerate Digital Currency Group, described the latest cryptocurrency crash as a god-sent opportunity poised to trigger significant capital inflows back into the sector. Why Silbert Sees Opportunity Amid Chaos In an X post, Silbert referred to the market slump as a “gift from the crypto gods,” suggesting that it is clearing out excess leverage and “crap tokens.” “A massive capital rotation into crypto is about to begin. Time to pick your fighter,” the cryptocurrency mogul projected. Silbert shared his top picks, which include Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH)...

- Filing taxes can be confusing for cryptocurrency investors. In the earliest days, crypto trades weren't taxed or regulated. But in March 2014, the IRS issued Notice 2014-21, officially classifying all cryptocurrencies as property rather than currency. That meant selling cryptocurrencies for dollars, trading one crypto for another, or buying goods and services with crypto were all taxable events. In 2019, the IRS tightened up its enforcement of those rules by adding a crypto question to Form 1040 and aggressively auditing crypto holders. The top exchanges also started issuing 1099 forms to comply with those rules. As we head into the 2026 tax filing season, investors should be aware of two other significant changes. Form 1099-DA...

- Tether Launches Open‑Source MiningOS to Challenge Bitcoin Mining Giants Stablecoin issuer Tether has launched an open-source Bitcoin mining operating system, a move that places it directly into the mining infrastructure layer traditionally dominated by large, vertically integrated firms. The software is called Mining OS, or MOS, and was announced on Feb. 2 during the Plan 9 Forum in San Salvador and is being marketed as a production-ready system that can be deployed by mining operators of all sizes. Tether claimed MOS would be used to control, observe, and automate Bitcoin mining through a single control layer by integrating hardware performance, energy consumption, site infrastructure, and operational data. Tether’s MOS...

- Cathie Wood's Ark Invest Doubles Down on BitMine, Coinbase Stocks Amid Bitcoin Plunge Ark Invest, the investment firm of noted tech investor Cathie Wood, upped its exposure to crypto exchange Coinbase, stablecoin issuer Circle, and leading Ethereum treasury firm BitMine Immersion Technologies on Monday following Bitcoin’s weekend slide to its lowest price since 2024. The firm acquired more than $8.7 million worth of shares in Circle (CRCL) and more than $6 million of BitMine on Monday across its actively managed ETFs. It also added to its positions in crypto exchanges Coinbase (COIN) and Bullish (BLSH), Solana treasury firm Brera Holdings (SLMT), and its own spot Bitcoin ETF (ARKB). It now maintains nearly $248 million worth of...

- Bitcoin (CRYPTO: BTC) continues to fall out of favor. The world's leading cryptocurrency is having a rough start to the year, down 11% (as of Feb. 1). And it trades 39% lower than its record from October last year. The latest dip might be due to investors' perception of President Donald Trump's nominee for Federal Reserve Chair, Kevin Warsh. He has historically had a hawkish philosophy on monetary policy. That is leading to market pessimism, as most investors probably want to be confident that lower interest rates are coming. It's easy to be bearish on Bitcoin when its price chart is in the red. But I believe the top digital asset will have a good year, rising 29% from the current price of about $77,500 to hit $100,000 before 2026...

- Galaxy Digital’s Zac Prince questions Bitcoin treasury firms' model Bitcoin treasury companies have mushroomed over the years and no serious discussion on digital assets can escape the topic. During a recent conversation with TheStreet Roundtable and The Wolf of All Streets host Scott Melker, Galaxy Digital's retail trading venture Galaxy One's managing director, Zac Prince, dissected one of crypto’s latest trends, the rise and fall of Bitcoin Treasury companies. These are firms that raise capital to hold Bitcoin on their balance sheets, promising to outperform the asset itself by generating “yield.” Melker didn’t mince his words. “I was the first vocal skeptic of the Bitcoin Treasury Company idea after MicroStrategy,” he said...

- Major crypto firm doubles down on Bitcoin mining When it comes to Bitcoin mining, many in the industry are split about continuing in the business. Last year, we saw several high-profile miners shut down facilities, pivot business models, or exit the sector altogether in search of more predictable returns in sectors like AI. But one major player is doubling down on Bitcoin mining and giving it another shot after shutting down one of its mining facilities. Tether, the issuer of the world's largest stablecoin by market cap, is coming up with a new strategy to improve the process of Bitcoin mining. Tether doubled down after moving away from mining Last November, Tether announced its decision to shut down its Bitcoin mining facility...

- Elon Musk Reveals Surprising SpaceX Moon Mission for Dogecoin I have always been fascinated with Dogecoin (DOGE). Launched in December 2013, Dogecoin is a meme coin that began as a parody of Bitcoin (BTC) for the latter's belief that decentralized finance (DeFi) could challenge Wall Street. But it went viral due to praise from tech tycoon Elon Musk and is now the tenth-largest cryptocurrency with a market capitalization of more than $18 billion. As the billionaire's SpaceX plans to go public this year, Musk confirmed on Feb. 2 that the space technology company has acquired his artificial intelligence startup, xAI. Ahead of the IPO, an X account called Tesla Owners Silicon Valley dug up Musk's old post from 2021 in which he said...

- Cramer's Tongue-In-Cheek Remark Popular market commentator Jim Cramer offered a cheeky take on Bitcoin’s latest crash Sunday, urging Strategy Inc. founder Michael Saylor to “jam up” the apex cryptocurrency. In an X post, Cramer proposed that Saylor should wait until about 6:30 pm to observe the S&P futures and then attempt to push Bitcoin’s price up to $82,500 from $76,500. “That way some ill-advised folks will shout double bottom and pay no attention to the break below $80,000,” the "Mad Money" host said. Cramer Targets Defenders Cramer made a series of posts on Bitcoin’s latest plunge below $76,000, its worst sell-off since early April. He took on some Bitcoiners who brush off steep price drops and claim a double bottom—a...

- Crypto Currents: Markets face liquidity strain amid regulatory shifts The market mood is risk-off as macroeconomic jitters and the nomination of a hawkish Fed chair drive capital toward traditional safe havens like gold. Bitcoin has sharply decoupled from the tech rally, leaving investors anxious as leverage washes out of the system. BITCOIN TESTS CRITICAL SUPPORT AS EXCHANGE VOLUMES PLUMMET The digital asset market is grappling with a short-term bear cycle that has seen bitcoin slide to roughly $74,000, its lowest level since April 2025. This “retail exodus” is severely impacting major exchanges like Coinbase Global, Gemini Space Station, and Bullish, with share prices dropping between 40% and 55% as trading volumes dry up...

- Tether launches open-source bitcoin mining management software, Mining OS Stablecoin company Tether has developed Mining OS, an open-source bitcoin mining management software. Tether’s Mining OS, or MOS, functions as a modular framework capable of managing energy, hardware, and data streams simultaneously. Tether emphasized in its X announcement that it hopes to reduce reliance on closed-source, proprietary solutions that create vendor lock-in. Operators can utilize the software to monitor real-time hashrate, temperature, and power consumption. The interface also supports the management of mining pools and physical infrastructure such as cooling systems and power distribution units, according to Miner OS documentation. Tether...

- Bitcoin Could Drop Below $60K, Says Galaxy Analyst—Here's Why Bitcoin has dropped nearly by $50,000, or 38% from its October all-time high mark, to change hands below $80,000—but the downward trend could accelerate further, dragging the price below $60,000 per coin, according to Galaxy Head of Firmwide Research Alex Thorn. Thorn’s analysis points to structural weakness in Bitcoin’s realized price and 200-week moving average, its failure to stand up as a debasement hedge while gold surged, and a lack of near-term catalysts as reasons the top crypto asset is likely to trade lower in the near-future. “Catalysts remain hard to find, and narratives are also working against Bitcoin as it fails to trade along with gold and silver as...

- Cathie Wood’s Ark Invest revealed on Monday that it stepped deeper into crypto-linked stock despite a broad slump in both cryptocurrency prices and exchange stocks. The firm added roughly $24.8 million worth of positions despite the previous week being marked by falling volumes, declining liquidity, and renewed risk aversion across digital asset markets. Trade disclosures released Monday show that Ark purchased shares of several crypto-exposed companies, including Robinhood, Circle, Block Inc., BitMine Immersion Technologies, Coinbase, and Bullish. ARK Scoops Up Robinhood, BitMine, and Circle Despite Weak Crypto Week The buying activity was spread mainly across the firm’s flagship ARK Innovation ETF and the ARK Blockchain &...

- White House meeting fails to resolve US crypto legislation stalemate Feb 3 (Reuters) - A White House meeting aimed at breaking a months‑long stalemate between major U.S. banks and cryptocurrency firms ended Monday without any agreement, underscoring industry divisions that continue to threaten progress on landmark digital‑asset legislation. The closed‑door session, convened by the White House’s crypto council, brought together representatives from the crypto industry and the banking industry in an effort to reach an agreement on stalled crypto market structure legislation. Both sides emerged from the meeting describing it as constructive, but fundamental disagreements that upended the bill's progress remained unresolved...

- Pilgrim Partners Asia disclosed in a February 2 SEC filing that it sold 620,000 shares of the iShares Ethereum Trust ETF (NASDAQ:ETHA), an estimated $16.21 million trade based on quarterly average pricing. What happened According to its SEC filing dated February 2, Pilgrim Partners Asia Pte Ltd reduced its position in the iShares Ethereum Trust ETF (NASDAQ:ETHA), selling 620,000 shares during the fourth quarter. The estimated value of shares sold was $16.21 million, calculated using the average closing price for the period. Meanwhile, the quarter-end value of the ETHA position dropped by $19.63 million, reflecting both share sales and price changes. What else to know Pilgrim Partners Asia Pte Ltd’s ETHA stake decreased to 0.11%...

- Fundstrat Co-Founder Tom Lee Says Crypto Bottom Is in Following Market Slump Fundstrat co-founder Tom Lee claimed the cryptocurrency market is likely at or near a bottom on Monday, arguing that prices have overshot to the downside even as underlying fundamentals continue to strengthen. Speaking on CNBC Monday, Lee said crypto had "taken it much worse than we expected," despite a lack of leverage in the system and improving network activity. He added investor capital was pulled away from digital assets earlier this year by a surge in precious metals. “I think crypto has suffered from that on a price basis at a time when the fundamentals have been good,” Lee said, adding that the broader economy remains in solid shape despite...

- In the past decade, there has been a ton of innovation in the payments industry. One of the businesses leading the charge is Block (NYSE: XYZ). The Jack Dorsey-led company has become popular among consumers and small merchants, propelling its growth over the years. This fintech stock is pushing forward, as it recently introduced a major product offering that may just prove to be a bullish indicator for the ultimate cryptocurrency. Here's what investors need to know. Square just introduced a new feature for sellers In November last year, Square, Block's segment that caters to sellers, introduced Bitcoin payments, enabling these small businesses to start accepting transactions from shoppers with the top digital asset. Plus, Square...

- A new year hasn't marked a turn in the price of Bitcoin (CRYPTO:BTC) and other cryptocurrencies. While there's plenty to be concerned about as Bitcoin prices take a few steps lower following the bloodbath witnessed in the precious metal markets, I do think that the case for "digital gold" might not strengthen by all too much, even if the gold markets crank up the volatility by several notches. Undoubtedly, gold is supposed to be one of those safe-haven assets, but given the magnitude of the ascent, a 10% single-day drop shouldn't be all too surprising. Easy gains, easy losses. While the implosion in gold prices might draw some back to the crypto trade, there's a good chance that the crypto markets might start following gold and...