A federal jury in Phoenix on Thursday ordered Uber to pay $8.5 million to a passenger who said one of its drivers raped her, setting the stage for thousands of similar cases around the country. The ride-hailing giant has long maintained that it is not responsible for wrongdoing by drivers on its platform, whom it […]
Uber is liable for rape of driver, jury finds Read More »
Latest developments: ETF investors are proving more resilient than many expected during bitcoin’s recent move. In an interview on CoinDesk’s Markets Outlook, Bloomberg Intelligence Senior ETF Analyst Eric Balchunas highlighted several key data points that demonstrate this stability: Bitcoin is down more than 40% from recent highs, a move that rattles historically retail-heavy crypto markets.
Bitcoin ETFs barely budge as BTC slips 40%, says Bloomberg’s Eric Balchunas Read More »
Strategy (MSTR) reported a net loss of $12.4 billion in the fourth quarter of 2025 as the price of bitcoin BTC$71,091.27 dropped from about $120,000 on Oct. 1 to about $89,000 to end the year. Things have only gotten worse since, with the price of bitcoin falling hard in recent weeks, eventually crashing Thursday to
Loss in the fourth quarter comes in at $12.4 billion, or $42.93 per share. Read More »
Despite its longstanding reputation as “digital gold,” bitcoin has diverged sharply from traditional safe havens like gold and silver, but that may not be a bad thing for the digital asset’s future, according to JPMorgan analysts. Gold is up more than 60% in 2025 on sustained central bank purchases and flight-to-safety demand, while bitcoin has
Bitcoin BTC$63,701.56 fell below $66,000 during the early afternoon hours in the US as this week’s crypto selloff accelerated to a bloodbath on Thursday. The biggest cryptocurrency fell more than 10% over the past 24 hours to a session low of $65,156, according to CoinDesk data, the weakest level since October 2024 and below the
Bitcoin spirals toward $65,000, heading for worst decline since FTX crash Read More »
Bitcoin tumbled to around $65,000 on Thursday amid a wave of liquidations fueled by strong bearish sentiment, but a technical indicator suggests the cryptocurrency could be set for not just a bounce, but a bigger move up. Bitcoin’s daily Relative Strength Index (RSI), which is a popularly used momentum oscillator that assesses whether an asset
BTC may be poised for bigger rally based on the RSI indicator Read More »
Gemini Space Station Inc. (GEMI) is closing operations in the United Kingdom, the European Union (EU) and Australia. The crypto exchange is also reducing its staff by 25%, according to a blog post on Thursday, suggesting it is focusing resources on prediction markets. “Effective April 6, 2026, Gemini will cease operations in the United Kingdom,”
US Treasury Secretary Scott Bessent fired warning shots at crypto insiders pushing back on negotiations on a market structure bill for digital assets in the Senate — briefly aligning with Democratic Sen. Mark Warner in expressing frustration at a hearing Thursday. “There seems to be a nihilistic group in the industry that prefers no regulation
US Treasury’s Bessent Calls Out Crypto ‘Nihilists’ Who Oppose Market Structure Calculus Read More »
BitMine Immersion Technologies (BMNR), the world’s largest Ethereum-focused treasury company, is now sitting on nearly $8 billion in paper losses for ether ETH$2,113.11 fell below $2,000 on Thursday. The firm, managed by well-followed Wall Street bull Thomas Lee, accumulated 4.29 million ETH at an estimated cost of $16.4 billion, according to data from DropStab. That
BitMine (BMNR) faces $8 billion paper loss on ether hold Read More »
Strategy (MSTR), the world’s largest publicly traded bitcoin holder BTC$71,091.27is experiencing a rapid increase in losses on its large holdings. The company currently owns 713,502 BTC at an average acquisition price of $76,052. With spot bitcoin trading near $67,000, this represents an unrealized loss of nearly $6.5 billion, or about 12% relative to the average
Michael Saylor’s strategy’s BTC losses grow to $6.5 billion Read More »
