News BTS
Japan’s Metaplanet announced Monday that it purchased an extra 269.43 Bitcoin—worth roughly $25.9 million—as it continues to build its BTC reserves. Consequently, its total Bitcoin holdings have now hit 2,031.41 coins. Additionally, the company revealed that it acquired these coins at…
Alexander Vinnik’s lawyer has confirmed that the United States has “dropped” the case against the former operations and finance director of the defunct crypto exchange platform BTC-e, following Vinnik’s release last week. Per the Russian state-run news agency TASS, lawyer Arkady…
South Korea’s Board of Audit and Inspection has urged officials in the city of Cheongju to dish out “strict disciplinary action” to a civil servant who stole over $416,000 worth of public funds to spend on personal crypto investments. Per Dongyang…
JP Morgan has stirred controversy with its latest claims that Tether (USDT), the largest stablecoin issuer, may need to sell off some of its Bitcoin holdings to comply with incoming U.S. stablecoin regulations. However, Tether CEO Paolo Ardoino quickly rebuffed these…
Bitcoin miner Riot Platforms is exploring revenue diversification into artificial intelligence (AI) and high-performance computing (HPC), joining the growing trend of miners adapting their infrastructure for AI applications as Bitcoin network transactions hit a 12-month low. On February 13, Riot Platforms…
The highway workers’ union of the US state of Wyoming has announced that it is exploring to add Bitcoin to its balance sheet. Wyoming Highway Patrol Association (WHPA) has launched an initiative dubbed “Get Off Zero,” in partnership with Proof of…
Malaysian police have uncovered an illegal Bitcoin mining setup after a blast occurred in a city on Tuesday. The explosion and smoke from the house were reportedly caused by the electricity consumption of BTC mining operations. According to local reports, the…
Phoenix Group, an Abu Dhabi-based crypto mining firm, has reported a staggering 236% surge in mining revenue, reaching $107 million for 2024. The firm’s financial success resulted from its strategic expansion efforts and operational efficiencies despite a challenging market environment. According…
Avalon Labs, a company focused on building on-chain financial products for Bitcoin (BTC), is exploring the possibility of launching a first Bitcoin-backed debt-focused public fund in the US. On Feb. 12, Avalon Labs announced in its X post that it is…
Tether, the world’s largest stablecoin issuer, is actively engaging with U.S. lawmakers to help shape federal regulations for the stablecoin sector. According to Fox Business reporter Eleanor Terrett, the company has been in discussions with Representatives Bryan Steil and French Hill,…
Dan Morehead, founder and managing partner of Pantera Capital, is facing a federal tax investigation following his relocation to Puerto Rico, a well-known tax haven. The U.S. Senate Finance Committee (SFC) is examining whether Morehead improperly claimed tax exemptions on over…
Bitcoin (BTC) isn’t just for tech enthusiasts and investors anymore – it’s catching the attention of top German politicians. In an interview for BTC-ECHO published on Feb. 10, Christian Lindner, leader of Germany’s Free Democratic Party (FDP) and former Federal Finance…