Firm shifts focus to ethical AI, quantum computing and decentralized technologies Bitfury, one of the earliest and most influential Bitcoin mining firms, is making a dramatic pivot after 14 years in the sector. The company announced it will transition into a global investment firm and launch a $1 billion fund targeting ethical AI, cryptography-driven systems and next-generation digital technologies. A Major Transition After a Decade in Mining Founded in 2011, Bitfury was among the first large-scale industrial Bitcoin miners and played a foundational role in shaping the early mining ecosystem. The company later spun out two industry giants—Cipher Mining and…
Author: Blockto Team
New funding round brings strategic partnership with Citadel Securities and fuels major international growth plans Crypto exchange Kraken has secured $800 million across two funding rounds, lifting its valuation to $20 billion as the firm prepares for a broad global expansion. The company said the fresh capital will strengthen its regulated presence worldwide and support new product development. Citadel Securities Joins as Strategic Investor The second tranche of the round included a $200 million strategic investment from Citadel Securities, marking a significant collaboration between one of the world’s largest market makers and a leading digital asset exchange. The partnership will…
Mining hardware maker sees sharp rebound as North American buyers ramp up orders Canaan’s shares surged on Tuesday after the Bitcoin mining hardware manufacturer reported a significant rebound in its third-quarter performance, driven by a sharp rise in equipment demand. The company announced that Q3 revenue more than doubled year over year, signaling renewed interest in mining machinery as Bitcoin profitability improves. Strong Revenue Growth Led by Mining Equipment Sales Canaan reported $150.5 million in total Q3 revenue, a 104% increase from the same quarter in 2024. Mining equipment sales accounted for $118.6 million, reflecting what the company described as…
Solana Shows Resilience While Market Faces Heavy Selling Pressure Solana posted a 6% intraday gain despite a broadly negative trading session across the digital asset market. While most major tokens continue to struggle, SOL moved higher from a key demand region on the daily chart, signaling renewed interest from buyers at technically significant levels. The move comes as the asset attempts to stabilize following weeks of structural declines and repeated rejections from overhead supply zones. Solana Rebounds From Critical Support Zone The daily chart reveals SOL holding above a crucial gray support band near $135–$140, an area that has repeatedly…
Grab strengthens digital payment infrastructure with StraitsX partnership Grab, Southeast Asia’s largest super app, is accelerating its stablecoin adoption through a new memorandum of understanding (MOU) with Singapore-based StraitsX. The collaboration focuses on creating a Web3-enabled wallet and settlement system designed to simplify cross-border payments and integrate programmable digital assets into everyday transactions. Web3 Wallet Integration for Grab Users The partnership aims to allow Grab users in Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines, Cambodia, and Myanmar to hold and spend StraitsX-issued stablecoins such as XSGD and XUSD directly within the app. By embedding a Web3 wallet, users can conduct…
Price action signals critical zones for traders as ICP navigates post-rally correction The ICP/USDT pair has experienced heightened volatility in recent weeks, reflecting a sharp rebound followed by a significant pullback. According to daily chart analysis, price recently surged above $9 before retracing toward $5.25, highlighting key supply and demand zones for traders. Technical patterns suggest that understanding these levels is crucial for planning entries and exits. Descending Channel Break and Reversal Attempts From late 2024 through early 2025, ICP traded within a descending channel, with consistent lower highs and lower lows indicating a prolonged bearish trend. The recent price…
XRP has entered a corrective phase after tagging the $2.27 local high, but the broader market structure still leans bullish as long as price holds above the $2.15 demand region highlighted on the chart. The chart shows XRP retracing into a well-defined green demand zone, which has previously acted as a strong accumulation area. Several historical Change of Character (ChoCH) and Break of Structure (BOS) events occurred around this level, reinforcing its importance as a structural pivot. As long as price respects this $2.15–$2.18 range, the overall uptrend remains intact. Traders often view this type of retest—following a BOS to…
HIVE Digital Technologies saw its stock rise on Monday after the company released financial results showing the strongest quarterly revenue in its history — a boost largely driven by higher Bitcoin prices and a major expansion of its mining capacity. The firm reported $87.3 million in revenue for the quarter ending Sept. 30, marking a 285% increase compared to the same period last year and nearly double the previous quarter’s results. Despite the revenue surge, HIVE still recorded a net loss of $15.8 million, which it linked to the accelerated two-year depreciation schedule for the new Bitcoin mining equipment it…
Network service interruption limits access to exchanges, wallets and social media A widespread Cloudflare outage temporarily disrupted access to several major cryptocurrency websites and social media platforms on Tuesday, leaving many users unable to load front-end pages or interact with essential services. The incident stemmed from what Cloudflare described as an “internal service degradation,” affecting a broad range of platforms relying on its infrastructure for website performance and security. Cloudflare Confirms Issue and Implements Fix Cloudflare first reported the service disruption at 11:48 am UTC and later issued an update stating that a fix had been put in place. The…
DOGE/USDT Structure Shows Breakdown Signals, but Key Demand Layer Offers Short-Term Cushion Dogecoin is once again testing an important support zone near $0.1520, a level that has acted as a structural floor throughout several phases of the current market cycle. While the asset’s long-term trend turned fragile after breaking below a multi-month range, price action is now compressing into a demand area that could shape the next move. Analysts say the memecoin’s trajectory hinges on whether buyers can defend this region in the coming sessions. Weakening Structure After Range Breakdown The chart reveals a clear deterioration in trend strength following…