Despite top-line growth, Terawulf’s operating loss widened to $88.2 million in Q3 while IREN saw bitcoin mining revenue fall 88% year-over-year. Operating Losses Widen Amid Rising Costs For the third quarter of 2026, U.S. digital infrastructure provider Terawulf generated $76.2 million in total revenue, a significant year-over-year (YoY) increase driven primarily by its high-performance computing …
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The U.S. Treasury Department has ordered American financial institutions to stop processing transactions involving cryptocurrency exchange MEXC Global, accusing the platform of facilitating at least $16 billion in illicit financial activity tied to sanctions evasion, cybercrime, and other illegal operations. Treasury’s Financial Crimes Enforcement Network (FinCEN) announced the action Friday as part of Operation Economic …
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Zcash has activated Network Upgrade 7, which reduces block times from 75 to 25 seconds and will help fuel a long-term security reserve. However, the move also froze about $16 million worth of ZEC that will remain inaccessible in an outdated shielded pool. Zcash Cuts Block Times While Preserving Supply Cap Zcash has officially completed …
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Buying and operating an ASIC miner remains a substantial barrier to solo Bitcoin mining. LuqEE offers another approach: time-based access to professionally hosted mining hardware for Bitcoin (BTC) and Bitcoin Cash (BCH), without the need to purchase or maintain a mining rig. The model has already produced a public record of block discoveries. On October …
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The Magnificent 7’s $1 trillion loss did not end the case for technology stocks, Devere CEO Nigel Green said. He predicted a more selective market as investors demanded evidence that artificial intelligence spending was generating revenue. Green Predicts a Shift in How Investors Buy Tech Nigel Green, CEO of financial advisory firm Devere Group, assessed …
The U.S. Treasury Department and the Federal Reserve are withdrawing a proposal to expand information collection for international crypto transfers as small as $250. The decision preserves the existing $3,000 threshold as officials reassess rules proposed in 2020. Treasury and Fed Drop Proposed $250 Transfer Threshold The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) …
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The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global. The US Department of Treasury on Friday issued an order to cut cryptocurrency exchange MEXC Global off from the US’ financial system after accusing it of facilitating at least $16 billion in transactions linked to sanctions evasion, …
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The crypto debit card provider said customer funds remained safe despite the exposure of sensitive financial and personal information. Crypto-linked Visa debit card provider Gnosis Pay disclosed a security breach on Friday that exposed customers’ payment card details, home addresses and cryptocurrency wallet addresses. Gnosis Pay said it detected unauthorized access to its legacy consumer …
TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft. The $6.3 billion Binance hack sent shockwaves through the crypto industry. Following a series of increasingly severe cybersecurity incidents, the attack on the world’s biggest crypto exchange demonstrated how far state-backed hackers …
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While the proposal doesn’t exclude altcoins and smaller cryptocurrencies, experts say they could face challenges getting into retirement plans. Smaller cryptocurrencies could become available in US 401(k) retirement plans under a proposed Labor Department rule, but experts say they may face more challenges than Bitcoin (BTC) and Ether (ETH). The rule reached the White House …
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A New York man who served as caretaker for his elderly neighbor has admitted to stealing nearly $142,000 in pension payments that kept flowing after the neighbor died. Danilo Pesce, 60, of Pelham pleaded guilty to fourth-degree grand larceny in Albany County Court, New York Attorney General Letitia James says. The neighbor, Jack Lee Morgan, …
Bitcoin treasury company Strive reported $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC. Bitcoin treasury company Strive purchased 15,124 Bitcoin (BTC) in October, bringing its total purchases for the first 10 months of 2026 to 35,497 BTC, according to its third-quarter earnings report released …
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BTC price action stayed weak after US nonfarm payrolls data significantly beat forecasts, increasing bets of a December interest-rate hike. Bitcoin (BTC) set new multi-week lows after Friday’s Wall Street open as BTC price action diverged from stocks. Key points: Data from TradingView showed BTC/USD dipping below $75,000 to levels last seen in mid-August. The …
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SignalPlus later reported an attack, losses below $82,000 and reimbursement underway, while Deribit also disabled connected keys. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox Go to Source
Concentrated Q3 buying and falling older-holder balances leave sustained absorption unproven as November withdrawals meet the next US jobs report. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox Go to Source
