Bitcoin news

Key TakeawaysRiot Platforms fell approximately 33% over the past month through October 28, as investors reassessed the financing risks facing bitcoin miners expanding into AI data centers. Rising borrowing costs and concerns about funding AI infrastructure have pressured the sector, with CoreWeave’s debt-market troubles adding to investor uncertainty.

Tech futures dive Friday as Amazon stock and Intel both plunge on disappointing earnings reports.

Amazon, Intel and Illumina were earnings losers overnight after Google, ServiceNow and Fortinet slammed techs. Much of the market is doing fine.

Technology firms retreated further Friday after more poorly-received earnings from US titans fanned deepening concerns about the AI investment boom."The end of the week is dominated by a continuation of the recent AI sell-off on disappointing earnings, and concerns about the safety of crypto," said Kathleen Brooks, research director at XTB trading group.

Amazon and Intel spark another big tech selloff, a huge crypto heist, and more things to know about the stock market today.

Coinbase stock and other crypto-related companies were being hit following the news of a hack at Binance.

Here’s what you need to know today, from high-level market stats to signals of a rought day ahead for tech shares and a pullback in crypto and bitcoin.

Binance plans to cover all losses using its Secure Asset Fund for Users (SAFU) and corporate funds.

Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) CEO Francesco Gardin spoke with Proactive's Stephen Gunnion about progress with its Bitcoin mining methods, compatibility with Bitmain S19 and S21 rigs, and a software interface designed to connect its technology with different mining hardware. Gardin explained how testing on the Bitmain S9 helped the company develop specifications for aftermarket control boards, allowing its optimisation methods to be integrated without sharing the underlying technology. He said the system can be operated remotely, with the company’s servers processing data from mining rigs and sending instructions back approximately every ten minutes. The interview also explored a new software layer supporting Methods A, B and C, each with different operational requirements. Quantum Blockchain is now testing Methods A and B on a manufacturer’s mining machine to assess their performance on that hardware. Gardin stressed that the company’s limited Bitcoin mining activity is primarily for laboratory testing and research, rather than generating commercial mining revenue. Visit Proactive's YouTube channel for more interviews covering blockchain technology, cryptocurrency mining, digital assets and technology company developments. Don't forget to give this video a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #QuantumBlockchainTechnologies #BitcoinMining #BlockchainTechnology #Bitmain #Proactive #QuantumBlockchain #FrancescoGardin #Bitcoin #BTCMining #CryptoMining #BitcoinMiningTechnology #MiningOptimization #BitmainS19 #BitmainS21 #BitmainS9 #ASICMining #ASICMiners #MiningSoftware #MiningHardware #MethodA #MethodB #MethodC #BlockchainInnovation #BitcoinTechnology #MiningResearch #CryptoTechnology #Braiins #DigitalAssets #QuantumBlockchainTechnologies #BitcoinMining #Bitmain #ASICMining #BlockchainTechnology

Binance's $6.3 billion security breach began when five XRP Ledger wallets transferred approximately 233.46 million XRP, valued at $296 million. The XRP transfers occurred between…

A hacked laptop belonging to one engineer opened a door that drained billions from Binance across ten blockchains in under half an hour, and the group behind it has done this before.

BNB crypto fell 8.7% in an hour on Thursday, October 29, from $744.90 to $680, as hackers drained about $6.36 billion from Binance, the exchange behind the token, in the largest crypto theft on record. The bounce since has been the weakest among the big coins. BNB trades at $702, ...

Chainalysis data shows South Africa's crypto economy grew 52% to $39.3 billion on stablecoin flows as draft rules loom.

Strategy Inc (NASDAQ:MSTR) shares fell nearly 5% to $134. 59 in premarket trading on Friday as investors reacted to disappointing quarterly revenue, the unexpected departure of its chief financial officer and a record cryptocurrency security breach that triggered a sharp decline in Bitcoin prices.

The tension between crypto’s promise of decentralization and reality of centralized vulnerabilities will remain a drag as long as the wait continues for any widespread crypto adoption.

Investing.com - Hackers stole $6.36 billion from Binance on Thursday evening in the largest crypto theft on record, sending cryptocurrency-linked equities down in Friday premarket trading.

One compromised laptop inside the world's largest crypto exchange may have triggered a breach so massive that an industry insider reached for a comparison no one in finance ever wants to hear. What Binance is promising its customers, and whether that promise can hold, is now the question keeping the entire crypto world awake.

Investing.com -- The Reserve Bank of India (RBI) is expected to maintain interest rates at its June monetary policy meeting while adopting a more hawkish tone, according to a new report by Bank of America (BofA) Global Research.

The iShares MSCI Indonesia ETF (NYSEARCA:EIDO) gives U.S. investors a single-ticker route into Southeast Asia’s largest economy, but the trip has been bumpy. Shares trade around $15 after sliding roughly 20% year to date and about 9% over the past year. The ten-year chart is no kinder: the fund is down about 18% over the ... This Indonesian ETF Has A High Yield But Has Notable Risks