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Bitcoin Miner MARA Revenue Hit Record High in Q3

Bitcoin miner MARA reported record quarterly revenues of $252 million for Q3, reflecting a significant 92% year-over-year increase. The company transitioned from a pure Bitcoin mining operation to a digital infrastructure firm, focusing on AI computing capabilities. MARA's CEO, Fred Thiel, highlighted the strategy that positions energy as a critical resource in the digital economy, allowing the company to monetize underutilized energy and stabilize energy grids. Additionally, MARA improved its financial performance, showing a profit of $123 million, compared to a loss in the previous year. Despite achieving a revenue peak, MARA's stock fell approximately 6% as Bitcoin's price dipped below $100,000. The firm is also tapping into natural gas for its energy needs in West Texas and aims to further connect Bitcoin mining with AI processes, signaling a broader industry trend where miners engage with AI infrastructure, as demonstrated by partnerships formed by other mining companies.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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