Tag: Report

Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult — Report

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Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets.  Bitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for its mining hardware from other miners, Bloomberg reported on April 15. “Our plan going forward is to prioritize our own self-mining,” Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives, reportedly said.  Additionally, Bitdeer plans to scale US hardware manufacturing in the second half of the year as US…

South Korea blocks 14 crypto exchanges on Apple Store — Report

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South Korea is expanding a ban on digital asset firms’ applications servicing its citizens. On April 11, the country’s Financial Services Commission (FSC) announced that 14 crypto exchanges were blocked on the Apple store. Among the affected exchanges are KuCoin and MEXC. The report, which was made public on April 14, says the banned exchanges were allegedly operating as unregistered overseas virtual asset operators. The report also states that the Financial Information Analysis Institution (FIU) will continue to promote the blocking of the apps and internet sites of such operators…

Anchorage Digital faces scrutiny from US Homeland Security — Report

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The US Department of Homeland Security’s El Dorado Task Force has reportedly launched an investigation into Anchorage Digital Bank, a Wall Street-backed cryptocurrency firm.  According to an April 14 Barron’s report, members of the task force have contacted former employees of the company over the past weeks to examine its practices and policies. Citing unidentified sources, the report claims the probe looks at potential financial crimes within Anchorage.  The reported Homeland task force probe hints at cross-national financial activities. Established in 1992, the El Dorado Task Force focuses on “transnational…

Binance preps US comeback, courts Trump for help: report

Binance, the world’s largest cryptocurrency exchange, is plotting a return to the U.S. based on newfound ties with the Trump family. According to the Wall Street Journal, executives from Binance met with U.S. Treasury officials last month to request the removal or reduction of a federal monitorship that has overseen the exchange’s compliance with anti-money-laundering laws since it pled guilty in 2023 and paid a record $4.3 billion fine. Canada also fined Binance, but the penalty was much lower at $4.3 million. At the same time, Binance has been exploring…

US Social Security moves public comms to X amid DOGE-led job cuts — Report

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The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon Musk. According to anonymous sources who spoke with WIRED, the government agency will no longer issue its customary letters and press releases to communicate changes to the public, instead relying on X as its primary form of public-facing communication. The shift comes as the SSA downsizes its workforce from 57,000 employees to roughly 50,000 to reduce…

US Senate bill threatens crypto, AI data centers with fees — Report

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Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report.  Led by Senate Democrats Sheldon Whitehouse and John Fetterman, the draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills, Bloomberg said. Dubbed the Clean Cloud Act, the legislation mandates that the Environmental Protection Agency (EPA) set an emissions performance standard for data centers and crypto mining facilities…

Pakistan proposes compliance-based crypto regulatory framework — Report

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Regulators in Pakistan have proposed a regulatory framework for digital assets that is compliance-focused, in accordance with rules laid out by the Financial Action Task Force (FATF), the supranational organization that polices finance for money laundering, The Express Tribune reported. According to the report, Pakistan’s Federal Investigation Agency (FIA) introduced the regulatory framework to address terrorism financing, money laundering provisions, and Know Your Customer (KYC) controls enforced by the supranational organization. The report cited FIA Director Sumera Azam as saying: “This is a paradigm shift in how Pakistan views digital…

World Liberty Financial Denies Report of Selling Ethereum, Will ETH Price Bounce Back Quick?

Key Notes A WLFI spokesperson labeled the allegations as “wholly inaccurate” and affirmed that WLFI has not sold any of its holdings. Ethereum price drop below $2,000 has sparked heightened whale activity with a newly created wallet accumulating 9,610 ETH. Crypto analyst Ali Martinez highlighted that Ethereum’s entity-adjusted dormancy flow has dropped below 1 million, which talks of undervaluation. World Liberty Financial (WLFI), the cryptocurrency project linked to US President Donald Trump, has rejected recent reports of them selling $8 million worth of ETH ETH $1 563 24h volatility: 2.1%…

Kaiko Report Highlights Key Drivers of Q1 Crypto Market Decline and Outlook for Q2

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Massive Bitcoin inflows to Binance ahead of CPI report — is BTC price crash incoming?

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Bitcoin inflows to Binance have surged over the past 12 days as today’s CPI data release looms — are investors bracing to sell? In his recent post on X, CryptoQuant’s Maarten Regterschot pointed out that over 22K Bitcoin (BTC) — worth approximately $1.82 billion — were transferred to Binance over the past 12 days. This brought the exchange’s total BTC reserves to around 590,874 BTC. Source: X post by CryptoQuant.com “This shows a strong acceleration in BTC inflows to Binance,” Regterschot wrote. “It’s likely that investors are actively moving funds…