Crypto News

Crusoe Energy has sold its bitcoin mining operations to NYDIG to prioritize artificial intelligence (AI) infrastructure development, the companies announced March 25. NYDIG Expands Bitcoin Mining Footprint with Crusoe Acquisition Reports disclose that the transaction includes over 425 modular data centers across the U.S. and Argentina, capable of generating 270 megawatts of power, alongside CrusoeSource link

Shares of GameStop (GME) traded 16% higher on Wednesday after the company announced that it would start buying bitcoin (BTC) to add to its balance sheet.The gaming retailer reported holding $4.8 billion in cash during its fourth-quarter earnings on Tuesday. Company CEO Ryan Cohen weeks ago had teased an interest in purchasing bitcoin for the GME balance sheet. He was joined by Matt Cole, CEO of Strive Asset Management — an owner of GME via its ETFs, who urged the same.Though GameStop on Tuesday reported that a portion of its cash will go into bitcoin and U.S. dollar dominated stablecoins in the future, it did not disclose how much, or the timing of any buys.The plan kicked off a speculative...

More than 30 crypto firms and foundations have asked Congress to have the US Department of Justice to clarify a key enforcement matter.Source link

Veteran trader Peter Brandt warns XRP may plunge to $1.07, citing a textbook head and shoulders pattern forming as price battles key support near $1.90. Peter Brandt Identifies Classic Reversal in XRP as Tensions Build at Key Level Veteran trader Peter Brandt offered his updated analysis on XRP Wednesday, outlining a bearish outlook based onSource link

The asset management giant's initiative comes as it also explores the tokenized U.S. Treasury market.Source link