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Blockchain

Gold Crash Incoming? Bitcoin Will Win, Says Blockstream CEO Adam Back


Adam Back, the CEO of Blockstream and one of the few people who directly communicated with Bitcoin’s creator Satoshi Nakamoto, is turning heads with his latest prediction: gold might crash, but Bitcoin is here to stay.

His comments follow the resurfacing of reports about Psyche 16, an asteroid believed to contain a massive amount of gold worth around $700 quintillion. With Elon Musk also throwing support behind Bitcoin, the market is buzzing with renewed energy.

Psyche 16: Could This Asteroid Sink Gold?

Psyche 16 orbits between Mars and Jupiter and is…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link