crashing

The cryptocurrency bubble is crashing again. The problem is that it is not at all clear that this time they will survive.

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Cryptos are not raising their heads. In the last 11 months the value has fallen from those $124,000 in July 2025 to the $67,000 where it is moving today. This 46% drop has spread to the rest of a market that He has already cracked other times and then recover. It is not at all clear that this time he will succeed.. Crypto winter. yesterday bitcoin fell 7% in a single day and both its value and that of the rest of the cryptocurrencies have been in free fall for months. What differentiates this crash from previous ones is the breaking of a trend. Until not long ago, large and small investors seemed to see a great opportunity in cryptocurrencies, but we are facing a “crypto winter” in which the stampede of these digital assets is colossal. Record settlements. The apparent panic over that bubble burst seems to be behind a streak of massive withdrawals from investments in bitcoin and other cryptocurrencies. On Bloomberg indicate that the current perception of bitcoin as a value asset in free fall has caused 1.5 billion dollars to be liquidated in just 24 hours. Even Strategy betrays itself. The company Strategy had become the staunch defender of bitcoin, but for the first time since 2022 it has sold bitcoins. The amount has been anecdotal, because they have sold 32 BTC (about 2.2 million dollars at current value) and they own 843,706 BTC in these moments. However, it is a sale with a lot of symbolism, because it betrays that HOLD spirit of crypto believers. Curiously, the analysts they fully trust in the future of Strategy, which they see reaching a value of $400 per share, 185% more than the current value. The failure of ETFs. It was assumed that the exchange traded funds with bitcoin as the main asset, they were going to result in stability and massive attraction of institutional capitalbut they are becoming a burden for investors, who have been withdrawing from their positions for 11 days: in less than two weeks 3.5 billion dollars have been liquidated, confirming that in the face of uncertainty, professional investors are the first to abandon ship. How was that safe haven value? for a long time bitcoin has been compared to gold in terms of its ability to become a refuge value in the face of potential crises. What is happening leaves that argument in a very bad place, although it is true that we have experienced other notable falls in bitcoin and cryptocurrencies in the past. Contagion effect. The collapse of bitcoin has spread to the rest of the cryptocurrency market. Ethereum, Solana and Dogecoin suffer combined losses of $1.6 billion, and once again it is confirmed that the interdependence of “altcoins” with bitcoin is too important. AI as savior. While cryptos bleed, Wall Street is experiencing a paradoxical sweet moment thanks to artificial intelligence. This technology is what is causing all the bullish momentum in the market, and we are seeing how the money that previously flowed into digital assets now rotates to tangible technologies (or at least that are being used). Loss of identity. Some experts they point out that bitcoin is losing precisely what made it different. It is behaving like an asset vulnerable to interest rates and global politics. It has stopped becoming an alternative and has become just another piece on a game board that is now rewarding those who have dedicated themselves to AI. It is paradoxical that bitcoin is being so punished when we have also been talking about the AI ​​bubble. In Xataka | Predicting bitcoin’s growth seems impossible: these charts prove it

Ten years ago, Bnext was the great hope of fintech. They ended up crashing

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Founded in 2016 by Guillermo Vicandi, Bnext It was born as a fintech alternative to traditional banking. In fact, their visible heads assured that it was not a bank, despite offering an account and card. The growth was as fast as the fall. After the collapse of its cryptocurrency, The app announced its closure on April 13. What was Bnext. It was not a bank, that’s what its creators constantly said. It was an electronic money entity (EDE) alternative to traditional banking. In practice, it offered what a bank offers: account, card, loans, insurance, currency purchases, investment plans. The difference was the model: Bnext always acted as an intermediary, connecting the user with the best products on the market through a single app. No offices, no paper, no queues. The golden age. In 2019, Bnext was one of the most visible projects on the Spanish fintech scene. became the fintech that grew the most in Spainwith more than 156,000 registered users and more than 100,000 active clients holding a Bnext VISA. Your second round of financing It closed with 22 million eurosthe highest figure seen in Spain (in 2019) since the Valencian Hawkers raised 55 million euros. That same year, they partnered with giants like MyInvestor to offer financial products. The stumble. Bnext’s first setback comes a year later, in 2021, after its landing in Latin America. Its partner, Cacao Paycard, did not obtain authorization to operate from the National Banking and Securities Commission (CNBV), which translated into a fine of 2.6 million Mexican pesos (about 150,000 euros at the current exchange rate) to Bnext for misleading communication. There was no plan B. Bnext had to cease operations in Mexico, close all its accounts and lose more than 230,000 clients who had trusted the company prior to the sanctions. Meanwhile. In Spain, alternatives like Revolut were growing like wildfire, and Bnext was beginning to run out of oxygen. In 2021, they decided to ally with Algorand, a blockchain firm that became one of the company’s main shareholders. After the alliance they announced their own token: B3X. The play didn’t go well. On March 1, 2022, it was launched to the public with a starting price of two euro cents. Today it cannot even operate from the app, since the service has been dismantled. Its price before the debacle: 0.00006 US cents. What happens to Bnext users. Bnext accounts and cards have already been canceled and the product is no longer marketed. No payments, transfers or receipts can be uploaded. Payroll cannot be received The balance of the account may be requested during a repayment period of 20 years Cryptocurrency management is referred to Onyze… via email User data will be deleted in accordance with the GDPR You will no longer have access to the marketplace services Bnext was once the great hope of Spanish fintech. Now rest in peace. What will become of the company. The company gives the finishing touch to its app, but does not completely cease its operations. “The fintech business and market has changed considerably, and with this, we have had to pivot our value proposition. After several years offering products to the end consumer and in an increasingly competitive environment and with more complex regulation, we have decided to take a step towards the future, focusing on helping companies launch their own payment products.” Guillermo Vicandi, CEO of Bnext. Bnext closes as a neobank, but pivots towards financial infrastructure services. In Xataka | Europe had been asking for a big hit on the table for some time. Revolut just gave it a huge valuation

Discord wanted to implement an age verification system. Until the world came crashing down on him

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Discord has backtracked on one of his most controversial plans of recent years. The messaging and voice platform, with more than 200 million active users, has slowed down your system of global age verification until the second half of 2026 after its initial announcement sparked a firestorm of criticism. When people have started leaving in droves and looking for other alternatives, the company has thought twice. Chaos. Discord announced a few weeks ago which would implement an age verification system to ensure that adult content only reached adult users. The idea was that all accounts would start with a “teen-appropriate” setting by default, unless they could prove they were of legal age. The problem: The communication was so horrible that a significant part of the community understood that the platform was going to ask everyone for facial scans and ID documents in order to continue using it. The result was chaos. Distrust. In October of last year, Discord confirmed that had suffered a security breach at one of its third-party providers. This exposed sensitive data, including photographs of identity documents, of approximately 70,000 users. That background was very fresh when the announcement of the new system came. Added to this was that among the partners who were being considered to implement the verification Person appeareda company with financial ties to Peter Thiel, co-founder of Palantir, a company known for its contracts with US government immigration and surveillance agencies. And of course, for many users, this combination was simply unacceptable. What Discord says was really going to happen. In a release Posted on Tuesday, Discord CTO Stanislav Vishnevskiy stated that more than 90% of users would never have needed to verify anything, because most do not access age-restricted content or modify default security settings. In addition, it ensures that the platform already has internal systems capable of determining the age of majority of many users automatically, analyzing signals such as the age of the account, whether it has a linked payment method or the type of servers to which it belongs. According to Vishnevskiy, this system does not read messages or analyze the content posted by users. Recognizing mistakes, with nuances. “The way this landed led many of you to believe we were demanding facial scans and document uploads from everyone,” Vishnevskiy wrote. “That’s not what’s happening, but the fact that so many people believe it tells us that we failed at the most basic thing: clearly explaining what we’re doing and why.” That said, it is worth remembering what points out the media PC Gamer, since Discord did not make any of these concessions until after the avalanche of criticism. What changes now? The platform promises several things before relaunching the system globally. Among them, adding more verification options, including means of payment, publishing detailed information on its website about each third-party provider and their data practices, and requiring that any company that offers facial age estimation do so entirely on the user’s device, without sending biometric data to any server. On Persona, Discord confirms that it ran a limited test with them in the UK in January and decided not to continue, precisely because it didn’t meet that last requirement. A global address. Discord is not new, and it is happening in a much broader context. The United Kingdom, Australia and Brazil already have legislation that requires platforms to verify the age of their users to access adult content. Europe and several US states they go in the same direction. Discord argues that by building its own system, it can demonstrate to regulators that it is possible to verify age without collecting identity data. In countries where there is already a legal obligation, the system will remain active regardless of the global delay. Cover image | Discord and own assembly In Xataka | “We will not flood our ecosystem with soulless AI garbage.” We already know what Asha Sharma wants to do as CEO of Microsoft Gaming

We knew Tesla’s sales were crashing in 2025. We weren’t aware to what extent

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Dramatic figures. And it is not an exaggeration. It is the confirmation that something is not going well with Tesla’s sales in Europe. We already know that the first month of each quarter is usually especially bad for the company. October, the tenth of the year, has been particularly disastrous. A year to forget. If we add up Tesla’s sales in Europe so far this year, the reported figures are bad. In the first nine months of the year (now we will tell why we took this figure), Elon Musk’s company sold 173,694. A far cry from last year’s 242,976 units at the end of the third quarter. Specifically, 28.5% less. The figures are especially worrying for Tesla because the electric car market share grew in the same period from 13.1% to 16.1%. Therefore, its total market share has decreased from 2.5% in September 2024 to 1.7%. The market share hit among electric cars should, therefore, be much greater. Dramatic October. But October has been a dramatic month for Tesla. In the absence of having the data for the sum of all the European markets that ACEA, the employers’ association, will not present until the last week of November, we do know the results in the main European markets. Pay attention to the records it shows Electrek: Germany: 750 units and -53.5% compared to last year. Italy: 256 units and -47.1% compared to last year Netherlands: 645 units and -47.9% compared to last year Norway: 671 units and -50.2% compared to last year Portugal: 144 units and -58.7% compared to last year Austria: 97 units and -64.5% compared to last year Finland: 47 units and -67.6% compared to last year Sweden: 133 units and -88.7% compared to last year Denmark: 102 units and -86% compared to last year Spain? In Spain, Tesla has saved the furniture… and it has fallen by more than 30%. We say this because the company, between January and October 2025, has sold 7.58% more than last year. It is a clearly insufficient figure, taking into account that electric cars in Spain have increased by 86%, according to data from ANFAC. All in all, Tesla continues to lead the top two positions among the best-selling electric cars in our country. Of course, what was once an overwhelming leadership is now a much tighter battle. As of October, Tesla has sold 7,722 units of the Model 3 and, what is much more worrying for the company, 4,924 units of the Model Y. This is striking because the Kia EV3 It is already fighting head-to-head with the Tesla Model Y for being the second best-selling electric car of the year in Spain. He BYD Dolphin Surfwhich arrived in May 2025, is already in 2,796 units and is the fifth best-selling electric car in Spain. Between them, the Renault 5 but it has been adding units all year. BYD’s small electric car has sold 846 units this past month. That’s 791 more units than the Tesla Model 3 has registered. The first month. And Tesla has only added 55 units of the Model 3 in our country in October 2025. This is explained because the first months of each quarter (January-April-July-October) tend to be especially bad. The bulk of units of cars arriving from China, such as the Tesla Model 3, arrive and are accumulated to be sold in the last month of each quarter. The problematic thing for Tesla is that the registration figures are dismal even in that famous first month of the quarter. In Spain, the Tesla Model Y that dominated with an iron fist was the seventh best-selling car in October. And in just BYD sold more units of the Dolphin Surf in Spain than all the Teslas sold in Germany, a market much larger and with greater penetration of the electric car. The last quarter. It remains to be seen if Tesla manages to recover some ground in the last quarter, if it sinks a little more or, at least, disguises the results. Because it seems impossible that it will be able to compensate for a drop that at the end of the first three quarters exceeds 30%. It must be taken into account that rivals are tightening and eating up market share. Not only do traditional rivals have more supply and more competitive prices than years ago, BYD has expanded its presence in numerous markets and, according to SCMPBetween January and September 2025, the Chinese company accumulated almost 25,000 units throughout Europe. It is five times more than those registered in the same period of the previous year. It is very likely that it will not be enough to surpass Tesla this year, but it is likely that it will be close. Photo | Prometheus In Xataka | I have ridden a 100% autonomous XPeng Mona in a Chinese city. Tesla and Europe have a problem

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