Author: driver789
Shares of American Bitcoin Corp. (ABTC) surged today after the company announced it had completed the energization of more than 11,000 new mining machines at its Drumheller facility, significantly expanding its operational capacity. The company said it has brought approximately 11,298 additional ASIC miners online, adding about 3.05 exahashes per second (EH/s) to its active hashrate. The deployment marks the completion of a previously announced expansion plan and pushes American Bitcoin’s total operational fleet to roughly 25.0 EH/s across nearly 59,000 active machines. Including inactive inventory, the firm now owns about 89,242 miners capable of producing up to 28.1 EH/s,…
Fundstrat Global Advisors co-founder Tom Lee has backed a $250,000 Ethereum price target presented in a recent Etherealize report. Summary Tom Lee backed an Etherealize report that values Ethereum at $250,000 using long-term market assumptions today. The report says Ethereum staking offers yield, giving ETH a different value case than Bitcoin. Researchers argued Ethereum’s Proof-of-Stake model may support stronger long-term network security than Bitcoin mining. The call adds another high-profile voice to the debate around Ethereum’s long-term value as ETH remains one of the market’s most watched digital assets. Lee described the report as “a fresh and comprehensive take” on…
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, has withdrawn his request for a retrial over doubt he would get a fair hearing in a letter to the judge overseeing his case.Bankman-Fried, who is serving a 25-year sentence after being convicted on seven counts of fraud and conspiracy tied to FTX’s 2022 collapse, said he may renew the motion after his direct appeal and a related request for reassignment are decided.The motion for a new trial was filed by his mother, Barbara Fried, claiming new evidence in the case would justify a reset.Bankman-Fried said he largely drafted the motion himself…
Bitcoin Magazine Pro lead analyst Matt Crosby says traders relying on Bitcoin’s traditional four-year cycle may be leaning on a framework that no longer fits the market. In his latest analysis, Crosby argued that structural shifts in supply, institutional demand and macro liquidity now matter more than the old halving-driven playbook. Bitcoin’s Old Cycle Playbook Is Breaking Down Crosby’s core claim is straightforward: Bitcoin may already be trading in a different regime. Pointing to the fact that more than 20 million BTC are now in circulation, he said over 95% of the total eventual supply has already been issued, reducing…
Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is essential to securing U.S. financial leadership and protecting the dollar’s status as the world’s reserve currency, using an appearance before the Senate Appropriations Subcommittee on Financial Services and General Government to amplify a push for legislation that has stalled on Capitol Hill for months. Bessent testified at a hearing reviewing President Donald Trump’s Fiscal Year 2027 budget request for the Department of the Treasury. During the session, a senator on the Agriculture Committee raised Bessent’s recent Wall Street Journal op-ed on crypto policy, noting support…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
It’s no surprise that there’s a general pivot from blockchain to artificial intelligence right now.Every week brings another report of a company or person either leaving the cryptocurrency industry entirely or adding artificial intelligence to their portfolios. Bitcoin miners are moving away from mining to increasingly focus on AI infrastructure and venture capital firms are funding AI firms rather than crypto companies.But it’s unusual when the leading members of the same team leave one company and jump into another just down the road. That’s exactly what appears to have happened to the senior marketing team at crypto exchange Coinbase (COIN),…
Data shows a large amount of Bitcoin short positions have been liquidated following the cryptocurrency’s surge to the $79,000 level. Bitcoin Has Surpassed $79,000 For The First Time Since Early February Bitcoin has seen a continuation of its recent bullish momentum during the past day as its price has hit the $79,300 level after a jump of nearly 5%. The below chart shows how the recent trajectory of the cryptocurrency has looked. Bitcoin also made an attempt at recovery last week, but that push ended up fizzling out as the asset approached the $78,000 level. This new surge has taken…
Bitcoin for Financial Services will host “Bitcoin as Everyday Money,” a live event and livestream, on Tuesday, April 28, 2026, at 10:00 AM PT at The Venetian’s Satoshi Social Room (Rooms 2002–2004) during Bitcoin 2026 in Las Vegas. Capped at 100 in-person attendees and streamed globally via TFTC, the event invites policy leaders, industry executives, and business owners around a single objective: “getting a Bitcoin de minimis tax exemption passed in this Congress”, according to a press release shared with Bitcoin Magazine. The event is headlined by Janessa Lopez, Head of Digital Assets Policy at Block, and David Zell, President…
Clarity Act markup may shift to May as Lummis and Tillis differ on timing while OCC starts proposed GENIUS Act rulemaking. The Clarity Act is moving toward a possible May markup as Senate talks continue. Senator Cynthia Lummis wants a faster path, while Senator Thom Tillis supports more time. The split comes as lawmakers weigh stablecoin yield concerns, bank pressure, and a tighter legislative calendar. At the same time, the OCC has started proposed rulemaking tied to the GENIUS Act. Related reading: Failure to Pass CLARITY Act May Expose Crypto to Future Crackdowns Timing Dispute Shapes Next Step for Clarity…