Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit

An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.

*Excerpt from Williams-Israel’s class action complaint against IREN. Source: CourtListener*

Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea.

Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region.

WBTC completes shift to multi-jurisdiction custody arrangement

Wrapped Bitcoin currently has a market capitalization of approximately $9.5 billion and a circulating supply of 154,782 tokens.

*Wrapped BTC activity January 2019- September 2024. Source: CryptoQuant*

Only Bitfinex may get restitution in 2016 hack, per government filing

Bitfinex socialized the loss from the hack and reimbursed its customers within eight months, but potential victims can still come forward.

Bitcoin ETF options expected by Q1 2025: Bloomberg analyst.

Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless.

MARA Launches Pilot to Harness Shale Gas for Bitcoin Mining Operations.

MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters.

Bitcoin Layer 2 Bitlayer raises $9 million Series A extension at $300 million valuation.

Bitlayer Labs, the developer of a Bitcoin Layer 2 network, has raised $9 million in a Series A extension funding round, just three months after its $11 million Series A.

Peter Todd named Satoshi Nakamoto in HBO documentary

Bitcoin core developer Peter Todd admitted to being Bitcoin creator Satoshi Nakamoto in HBO’s latest documentary — but the confession isn’t what it seems.

Arrington Capital-backed RedStone launches Bitcoin staking oracles

Without Bitcoin staking oracles, BTC-based liquid staking tokens can be used only to provide liquidity on DEXs, according to RedStone co-founder Marcin Kaźmierczak.

US Supreme Court knocks back case over $4.4B Silk Road Bitcoin

The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road.

*Denial list of cases from the US Supreme Court. Source: Supreme Court*

Last week’s Bitcoin dip a ‘healthy realignment,’ lower risk of crash: Bitfinex

Bitcoin’s dip over the last week reduced the likelihood of downside volatility, say analysts from crypto exchange Bitfinex.

*Bitcoin’s higher high is a strong indicator of muted downside volatility. Source: Bitfinex*

National Bank of Bahrain rolls out its first Bitcoin investment fund

The Bitcoin investment fund is designed for institutional investors and will offer exposure to BTC gains capped at a predefined threshold, with 100% loss protection on the downside.

*Mena transactions by transfer size. Source: Chainalysis*

Nick Szabo overtakes Len Sassaman as HBO's Satoshi reveal on Polymarket

Sassaman’s odds tanked after the HBO documentary’s producer said he confronted who he thinks is Satoshi Nakamoto, likely ruling out Sassaman, who passed in 2011.

*Favourites to be identified as HBO’s Satoshi Nakamoto reveal. Source: Polymarket*

Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms.

Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s.

Texas town Rockdale’s Mayor credits Bitcoin for economic turnaround.

Ward Roddam, the Mayor of Rockdale, Texas, has highlighted Bitcoin’s crucial role in revitalizing the town’s economy.

Bitcoin miners show mixed performance in September amid market volatility

While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency.

*Chart depicting the rise in network difficulty since November 2023. Source: Blockchain.com*

Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds.

During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin.

IMF pressures El Salvador to overhaul Bitcoin regulations.

During an Oct. 3 press conference, the International Monetary Fund (IMF) renewed calls pressuring El Salvador to scale back its Bitcoin policies and overhaul its regulatory framework surrounding the digital asset.

*El Salvador’s annual GDP and inflation rates, 1980–2025. Source: IMF*

Bitcoin Retail Activity Remains Low Despite Recent Rally.

Big upticks in retail interest are commonly thought to be a topping indicator, so the current relative lack of involvement could hint at potential further price increases.

*BTC: Total Transfer Volume (Glassnode)*

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