Tag: Report

Pakistan Wants to Set Up Crypto Council to Oversee Policy: Report

Pakistan has said it will set up a national crypto council to develop legislation for the sector, following a meeting with President Donald Trump’s digital asset advisors, according to a report by local news site Dawn. The council would be a dedicated advisory body that consists of government representatives, regulatory authorities and industry experts. It would oversee policy development as well as collaborate with countries to develop standardised frameworks, the report added, citing a statement from the finance ministry. Till last year, the nation’s finance ministry had been opposed to…

Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report

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Bybit’s chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhou’s claims are echoed in a proof-of-reserves audit report published by the blockchain security auditor Hacken on Sunday. “The Hacken team’s Proof of Reserves audit, conducted on Sunday, February 23, 2025, demonstrates that Bybit maintains an in-scope…

South African public firm Altvest Capital seeks $10m to adopt Bitcoin as treasury asset: report

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The Johannesburg-headquartered Altvest Capital is seeking regulatory approval to raise $10 million, to make Bitcoin its primary reserve asset. Altvest Capital is planning to become the first listed company in Africa to adopt Bitcoin (BTC) as its primary treasury reserve asset. In a Feb. 21 interview with Bloomberg, Altvest Capital chief executive Warren Wheatley said the company has already bought one Bitcoin and is now asking regulators for approval to raise around $10 million by selling shares. Wheatley noted that no final decision has been made yet on whether to…

Bitcoin mining sector expands as ASIC count surged 7% in 2024: report

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By early 2025, Russia’s Bitcoin mining capacity had topped 11 GW, but only around 3 GW was reportedly used by legal miners. Bitcoin (BTC) mining sector in Russia grew in 2024 as the number of mining farms rose 7% to 136,600, Russian newspaper Kommersant reports, citing data by MTS EnergyTool. As of January 2025, total mining capacity in the country had crossed 11 GW. Moscow accounted for about 9% of the farms, while the surrounding Moscow region had 8%. Irkutsk remained the top mining hotspot, hosting over 10% of the…

Bitcoin Faces $86K Threshold as Demand, Liquidity Woes Persist: Report

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Bitcoin’s price risks further decline amid persistently weak demand and liquidity, according to a Cryptoquant report released on Wednesday. Cryptoquant Warns of Bitcoin Downturn Amid Historic Liquidity Slowdown In a Feb. 19, 2025 report, Cryptoquant researchers warned bitcoin (BTC) could drop to $86,000 after hitting a one-month low of $93,000, citing deteriorating demand and liquidity […] Original

Banks in South Korea Moving Quickly To Partner With Crypto Exchanges Amid New Regulatory Clarity: Report

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Banks in South Korea are reportedly rushing to partner with crypto firms as the country’s digital asset regulations become less restrictive. Last week, South Korea’s Financial Services Commission announced the country would launch a pilot program in the second half of 2025 enabling 3,500 corporate entities to buy crypto for investment and financial purposes. Corporate crypto transactions have been banned in the country since 2017. South Korean media outlet NewsPim reports that Upbit, the largest exchange in the country, has partnered with K Bank. South Korea’s second-largest exchange, Bithumb, also…

Report Claims Meme Stock Giant Gamestop Is Weighing Bitcoin Treasury Allocation

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Gamestop is rumored to be exploring allocations in bitcoin as it seeks to broaden its financial horizons, according to individuals with knowledge of the situation who spoke to CNBC. 3 Sources Say Gamestop Is Considering Bitcoin for Balance Sheet Expansion The videogame purveyor, Gamestop (NYSE: GME)—which soared to cult-favorite status during 2021’s retail trading frenzy—has […] Original

Report: Lazarus Group Exploits Github, NPM Packages in Cryptocurrency Malware Campaign   

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A state-aligned cyber collective from North Korea has compromised Github repositories and NPM modules with stealthy malicious code to pilfer digital currencies, per a Securityscorecard STRIKE Team analysis. Security Researchers Warn of Rising Open-Source Malware Attacks Linked to Lazarus Group As detailed by a Computing.co.uk report, the Lazarus Group injected harmful Javascript into Github projects […] Source

US border patrol continues to seize Bitcoin mining equipment: report

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U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed by Blockspace and sources familiar with the matter, the agency has expanded its detainment efforts to include MicroBT and Canaan units. The latest seizures escalate CBP’s previous actions against Antminer S21 and T21 units, which were reportedly detained due to AI chips from trade-restricted supplier Sophgo. Now, the agency is…