Bitfarms plunges 18% after plan to wind down Bitcoin mining ops
Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
Bitcoin price corrected alongside major US equities as a tech-led sell-off and investor concerns over AI spending and a Federal Reserve policy shift hit markets hard.
TeraWulf reported the average price of Bitcoin during Q3 was $114,390, compared to only $61,023 for the same period last year.
Bitcoin ETFs saw $866 million in outflows as the US shutdown ended, pushing BTC to a six-month low and raising concerns over market structure and investor demand.
Bitwise’s spot Chainlink ETF has appeared on the Depository Trust and Clearing Corporation’s registry, a sign that it could launch in the near future.
Zero-knowledge proofs replace shared observation with shared verification, enabling accountability without revealing sensitive information. Regulators must embrace privacy as infrastructure.
Whales still move prices, but ETF flows, exchange liquidity, and macro shifts now decide Bitcoin’s daily color.
Vitalik Buterin and two other Ethereum leaders have written a “Trustless Manifesto” to call on builders to never sacrifice decentralization in pursuit of adoption.
Young and rich investors want wealth advisers to offer crypto, and some have moved their money from those who don’t, according to a survey by Zerohash.
An onchain analyst said every time Bitcoin has seen a plunge like this, it has “allowed us to move higher.”