Bitfarms will shut down its Bitcoin mining operations over the next two years and gradually convert them into AI-focused high-performance computing data centers. Bitfarms will begin this transition with its Washington site and repurpose the facility for a new generation.
Tag: Bitcoin
The post $300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K appeared com. Key Takeaways $300 million in leveraged long crypto positions were liquidated in the last 60 minutes due to sudden market selloffs. Bitcoin’s price pulled back from near $99,000 to $97, 000. Crypto markets saw a sharp liquidation wave today, with roughly $300 million in long positions wiped out in the past hour as Bitcoin dropped to $97, 000, triggering selling pressure across digital assets. Long positions, leveraged bets on rising prices in crypto trading, became vulnerable during the rapid market downturn. Forced closures occurred across major exchanges as traders’ overleveraged positions hit liquidation thresholds. Recent Bitcoin price drops below key technical levels have amplified similar liquidation events in 2024. Real-time liquidation heatmaps show widespread forced exits across platforms during the selloff. Over the past 24 hours, liquidations have hit 235, 644 traders and amounted to $1 billion. HTX saw the largest individual liquidation on its BTC-USDT market, worth over $44 million. Source:.
The post Top 8 cloud mining platforms in November 2025 appeared com. Cloud mining is an innovative method by which individuals can participate in the process of crypto mining without having to actually own or manage any physical mining equipment. Users can just rent “hash power” from a reliable cloud mining platform, and they would handle the operational and technical aspects of mining in their data centres. This method of mining is opening up the crypto space for anyone who is looking to join the space and make passive income, irrespective of their technical expertise or investment appetite. It can be difficult for people to find a trustworthy and safe platform that provides returns. Here are some of our picks of the top cloud mining platforms: 1. Hashmart Hashmart is a cloud mining platform that is simple and easy to use and provides clear and transparent data to its users. Users do not need to buy any equipment, or pay any maintenance fee. There is also no downtime for equipment, and mining starts right after the payment is made. The platform offers cloud mining options for Bitcoin and Ethereum and has various plans for each of them. 2. GMiner GMiner is a cloud mining platform that has more than 617, 000+ daily active users and more than 586, 000 crypto payouts. The platform is a market-leader in mining Ethereum Classic, Cortex, Bitcoin Gold, Beam, and Grin, and has recently added support for Ethash, KAWPOW, and ProgPoW. Miners have different options for contracts, such as start, professional, smart, and VIP contracts. Users do not have to worry about their funds as the platform has strict security measures in place and also ensures safe and fast withdrawals. 3. Bitdeer Bitdeer is a leading cloud mining platform headquartered in Singapore with data centers around the world. The platform allows users to rent computing power without the hassle.
TLDR China accuses the U. S. of orchestrating a cyberattack to steal 127, 426 Bitcoin worth over $13 billion. The Bitcoin was stolen from a Chinese mining pool called LuBian in December 2020. The U. S. Department of Justice seized 127, 271 BTC in late 2025, linking it to criminal activities by a Cambodian group. China rejected the U. S. [.] The post China Accuses U. S. of Stealing $13B in Bitcoin in Explosive New Dispute appeared first on CoinCentral.
The post Bitcoin Short-Term Holders Increase Holdings Despite Losses appeared com. Key Points: Bitcoin short-term holders increased holdings by 24. 7% since August 2025. Growth occurs despite realized losses and market volatility. Substantial ETF outflows signal increasing market caution. CryptoQuant analyst Axel Adler Jr reported a 24. 7% increase in Bitcoin Short-Term Holders’ assets since August, totaling 5. 4 million BTC, despite ongoing unrealized losses. This growth signifies persistent market entry by new investors, impacting market dynamics, as institutional entities exhibit caution through substantial ETF outflows. Bitcoin Sees 1 Million BTC Increase Amidst Market Turmoil An increase of 1 million BTC in holdings among Bitcoin short-term holders since August is evident. Analyst Axel Adler Jr notes this growth reflects ongoing investor interest despite prevailing market volatility. CryptoQuant data highlights this 24. 7% rise in holdings, reaching 5. 4 million BTC in total. Despite notable gains, these holders face realized losses. Immediate effects include continuing market caution, fueled by recent sharp downturns and substantial ETF outflows. Over a billion dollars exited Bitcoin ETFs in a single day, pointing to heightened risk aversion. “The latest data shows that short-term holders have increased their holdings substantially since August, even as they remain at a realized loss. This suggests persistent inflows from new market participants, despite the risk environment and recent price downturn.” Axel Adler Jr, Analyst, CryptoQuant Market Caution and Potential Opportunities According to Experts Did you know? During recent market volatility, short-term holders saw a large influx, marking the biggest increase since past capitulation events. This often attracts patient investors to accumulate strategically. Based on CoinMarketCap data, Bitcoin (BTC) is currently priced at $105,250. 05, with a market cap of $2. 099 trillion and dominating 59. 24% of the market. Trading volume over the last 24 hours is $70. 49 billion, reflecting a 3. 30% change. Over the past 90 days, Bitcoin’s price has fallen by 11. 85%. Bitcoin(BTC), daily chart, screenshot on.
Public debate rose after claims of strict EU cash limits and complete identity checks for Bitcoin. Later clarifications noted oversight targets service outlets, not personal wallets, though scrutiny increases. A tweet from the crypto-focused account named Simply Bitcoin sparked wide attention after claiming the European Union had agreed to ban cash payments above €10, 000 and [.].
TLDR President Trump announced a $2,000 tariff dividend for most Americans, excluding high-income earners, funded by tariff revenue Cryptocurrency prices rose following the announcement, with Bitcoin climbing to $103,000, Ethereum reaching $3,500, and Solana topping $160 The Supreme Court is currently hearing arguments about tariff legality, with prediction markets showing only 21-23% odds of approval [.] The post Trump Proposes $2,000 Tariff Dividend as Crypto Markets Rally appeared first on CoinCentral.
Coinidol Weekly Crypto News Digest: Market Plunge, BTC vs Gold, and Kazakhstan National Crypto
The post He Let Ohio Pay Taxes in BTC, Now He’s Lost $1. 2 Millicom. Former Ohio State Treasurer Josh Mandel, once hailed as an early political champion of Bitcoin, has revealed a personal loss of more than $1. 2 million on call options tied to BlackRock’s i Long before retail Bitcoin speculation reached mainstream America, Josh Mandel helped Ohio “plant a flag” for crypto adoption. In November 2018, as State Treasurer, he launched OhioCrypto. com, the first US government platform allowing businesses to pay state taxes in Bitcoin. The payments, processed through BitPay, were automatically converted into US dollars for the state treasury. Sponsored Sponsored At the time, Mandel described Bitcoin as “a legitimate form of currency” and positioned Ohio as a leader in blockchain innovation. “We’re looking to plant a flag for Ohio,” he told reporters, arguing that the move would modernize state finances and attract tech-forward businesses. The.
The post Bitcocom. Key points: Bitcoin faces an important weekly close with several key price levels on the line. The bull market’s future is still at stake, a trader says, amid ongoing whale selling. Risk assets should gain from a reduction in US trade tariffs or the end of the government shutdown. Bitcoin (BTC) wedged itself in a narrow range ahead of a key weekly close with $100,000 support at stake. BTC price counts down to major weekly close Data from Cointelegraph Markets Pro and TradingView showed BTC price inertia characterizing weekend trading. Volatility was lacking, but market participants were keen to see how the weekly candle would close. 5K,” trader Titan of Crypto wrote in a post on X. Titan of Crypto based the significance of that price point on Fibonacci retracement levels, with the bull market potentially at stake. “A weekly close below isn’t dramatic, but a confirmed breakdown next week would signal the bull market is likely over. Not there yet,” he added. BTC/USD one-week chart. “We don’t want a weekly close below this at any cost,” trader Max Crypto warned. BTC/USD one-week chart with 50EMA. Such a scenario occurs when the 50-period SMA crosses below the 200-period equivalent. “The 4th ‘death cross’ of the bull cycle is approaching. Each time we’ve seen reversion to the mean and a sustained bottom,” he told X followers on the day. “But so far, a lukewarm reaction at the 365 SMA. Let’s see if bulls can get it.