Thailand's finance minister said it proposes to set up a "sandbox" of digital assets in Phuket.
Digital Currency Group (DCG) has spun off a new cryptocurrency mining subsidiary. According to an announcement on the X social media platform on January 29, Fortitude Mining has become DCG's independent mining business. Previously, the mining business was part of Foundry, a decentralized mining and staking service. Financial details of the acquisition have not been announced. Andrea Childs is listed as CEO on Fortitude Mining's website. Childs joined Foundry in 2020 and has since led the new DCG...
Digital asset exchanges Bitstamp and Crypto.com will suspend certain token services deemed unauthorized under the European Union's Crypto Asset Markets legislation (MiCA). Stablecoins such as Tether's USDt and Paypal's PYUSD will no longer be traded through Bitstamp's professional and basic trading model as of January 31st. However, custody of these assets will be allowed on the platform. Crypto.com statement said that as of January 31, it will no longer offer certain stablecoin services, such a...
Bitcoin miner HIVE Digital has announced the completion of a $56 million deal to acquire Canadian miner Bitfarms' partially completed 200 trillion watt (MW) bitcoin mine in Iguazu, Paraguay. HIVE has signed a binding Letter of Intent with Bitfarms and expects to expand its bitcoin mining hashrate to 25 EH/s in September through this acquisition, leveraging low-cost renewable hydroelectric power in Paraguay. The $56 million acquisition includes an expected $25 million upfront payment when Quarter...
Jordan has announced plans to develop a comprehensive regulatory framework for virtual and digital assets within a year, aimed at aligning with global standards and promoting the development of its digital economy. The plan, which will be led by the Jordanian Securities Commission (JSC) and supported by the National Future Technology Committee, will focus on creating the necessary legal and technical infrastructure to oversee crypto trading platforms and virtual asset activities.
VanEck Digital Assets Chief Research Officer Matthew Sigel said bitcoin is the only cryptocurrency suitable for U.S. government reserves because it is fundamentally different from all other digital assets.
On January 27th, Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered, released the latest market analysis, pointing out that the correlation between bitcoin and the Nasdaq index is significantly higher than that with gold. AI startup DeepSeek released a low-cost R1 model comparable to OpenAI, causing the Nasdaq futures to fall by 3.3%, triggering a large-scale liquidation in the cryptocurrency market....
Digital asset investment products saw inflows of $1.90 billion last week, possibly as a result of a recent presidential executive order. Bitcoin saw inflows of $1.60 billion and Ethereum 205 million.
Hang Seng Bank has jointly launched a number of blockchain-related proof-of-concept projects and solutions with members of the Cyberport community. According to Li Wenlong, Director of Strategy and Corporate Development and Director of the Chief Executive Officer's Office, Hang Seng Bank has completed several blockchain proof-of-concept projects, including the development of the Central Bank Digital Currency (CBDC) application research, identity verification education information station, commun...
On January 24, Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, posted on social media: "As we learn of the severity and injustice of Chokepoint 2.0, I will work closely with FDIC Vice Chairperson Travis Hill to end this attack on digital assets."
President Trump signed an executive order strengthening U.S. leadership in digital financial technology. These include: Protect and promote the ability of individual citizens and private sector entities to access and use open public blockchain networks for legitimate purposes without persecution, including the ability to develop and deploy software, to participate in...
On January 24, according to Fox Business News: President Trump signed an executive order establishing the President's Digital Asset Markets Task Force to strengthen U.S. leadership in digital finance. The task force is tasked with developing a federal regulatory framework to govern digital assets, including stablecoins, and evaluating the creation of strategic national digital asset reserves.
The 119th U.S. Senate Subcommittee on Banking Digital Assets will focus on the following two areas: 1. Promote bipartisan digital asset legislation that promotes responsible innovation and protects consumers, including market structure, stablecoins, and strategic bitcoin reserves. Stringent oversight of federal financial regulators to ensure that they are acting in accordance with the law and that incidents like "Operation Chokepoint 2.0" do not happen again.
Senator Cynthia Lummis has announced her chairpersonship of the Senate Banking Digital Assets Panel. Senator Cynthia Lummis said that digital assets are the future, and if the United States is to maintain its leadership in global financial innovation, Congress needs to pass bipartisan legislation as soon as possible to establish a comprehensive legal framework for digital assets, while strengthening the dollar through strategic bitcoin reserves. She promised to bring the bill to President Trump'...