Thai authorities raid illegal Bitcoin mine behind local power outages
Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs
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Bitcoin is increasingly viewed as a retirement investment product by traditional investors, thanks to the approval of spot Bitcoin ETFs.
Human Rights Foundation: Stablecoin Privacy Is ‘Extremely Lackluster’
The non-profit Human Rights Foundation (HRF) has analyzed the censorship and privacy landscape of stablecoins in a report published on Nov. 20.For privacy coins that are not stablecoins, the largest single-week losses so far this year have ranged between 24% and 34%, the HRF notes; a fact that bolsters the attractiveness of stable-value crypto assets,…
Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS
Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS.Top performing assets over the last…
Tokenized US Treasurys expected to surpass $3B by end of 2024
Increased crypto adoption and high treasury yields could push tokenized US Treasurys toward a $3 billion market cap by the end of 2024.
FTX Australia’s license suspended as 30K Aussies left in the lurch
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire. 115 Total views 1 Total shares Australia’s financial markets regulator has suspended FTX Australia’s financial license following the appointment of a voluntary administrator to help nearly 30,000…
Bitcoin Suisse Applies for a Banking License in Switzerland
Swiss crypto broker Bitcoin Suisse has applied for banking and securities dealer licenses from Switzerland’s finance regulator, the company confirmed in a press release on July 16. Bitcoin Suisse, which forms part of the country’s Crypto Valley Association, said it had submitted requests to the Swiss Financial Markets Supervision Authority (FINMA).The reason, it said, was in…
HTX to restore services ‘within 24 hours’ after $13.6M hack
"Huobi HTX has now properly handled this attack," the crypto exchange stated. 613 Total views 2 Total shares Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.According to its official announcement, the exchange promised to "fully compensate for the losses caused
South Korean Crypto Exchange Bithumb to Reopen Withdrawals, Deposits for Nine Cryptos
South Korea's leading virtual currency exchange Bithumb is set to reopen withdrawals and deposits today, according to an official announcement August 4. The world's twelfth largest cryptocurrency exchange by trade volume noted that the time for resuming withdrawals and deposits has been moved from August 4 at 11 a.m. [Korea Standard Time] to 7…