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Micah Zimmerman

Micah Zimmerman
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Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs

MARKETS Micah Zimmerman -
Bitcoin price fell from above $80,800 to near $76,600 on Thursday morning as a Nasdaq selloff in chip and AI stocks spilled into crypto.

Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading

NEWS Micah Zimmerman -
Ukraine's National Bank says draft law 10225-d on virtual assets lacks safeguards on foreign tokens and platform licensing.

Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack

NEWS Micah Zimmerman -
Federal Reserve and OCC supervisors contacted U.S. banks this week to check for vulnerabilities after the Binance hack.

Tether and Tron Quietly Scrapped T3 Crime Unit Two Months Before $6.3 Billion Binance Hack

NEWS Micah Zimmerman -
The T3 Financial Crime Unit, which said it froze more than $450 million in illicit USDT with authorities in 23 jurisdictions, wound down in late August.

Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest

NEWS Micah Zimmerman -
Riot's 10-Q identifies Anthropic as the AI lab behind its 910 MW Corsicana lease and shows Riot could owe the tenant 12% interest on up to $3.6 billion in build costs.

Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates

MARKETS Micah Zimmerman -
Bitcoin price slipped back below $80,000 on Thursday morning.

American Bitcoin (ABTC) Posts $126 Million Profit as Holdings Gain $197 Million

NEWS Micah Zimmerman -
American Bitcoin swung to about $126 million in third-quarter net income after a $197.3 million gain on its bitcoin holdings, reversing a $57.2 million loss in the prior quarter.

Judge Lets Stock Perpetual Futures Keep Trading but Says CFTC Likely Overstepped Its Authority

NEWS Micah Zimmerman -
A federal judge refused to halt stock perpetual futures on Kalshi, Coinbase Derivatives and Bitnomial but found a Cboe- and Citadel Securities-backed group likely to prove the CFTC exceeded its authority.

Huizenga Loses House Seat Despite $1 Million From Crypto PAC Fairshake

NEWS Micah Zimmerman -
Rep. Bill Huizenga, vice chair of the House Financial Services Committee, lost despite $1 million from Fairshake.

French Bank Credit Mutuel Arkea Confirms Cyberattack as ZachXBT Puts Losses Above $133 Million

NEWS Micah Zimmerman -
Credit Mutuel Arkea says a cyberattack through a service provider enabled fraudulent transfers from its own account, while ZachXBT puts the theft above $133 million, a figure the bank has not confirmed.
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