Tag: Report

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…

Bitcoin miners in US face disruptions over trade war with China: report

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U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments from Bitmain, the top supplier of Bitcoin (BTC) mining rigs. Beijing-based Bitmain dominates the market for specialized mining rigs, but its deliveries to U.S. clients have been slowed down by increased scrutiny, Bloomberg reports, citing industry executives who have noticed more frequent inspections. “U.S. Customs has started randomly inspecting almost…

President Trump Does Prisoner Swap With Russia, Freeing Crypto Exchange Owner With American Teacher: Report

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President Donald Trump has reportedly traded prisoners with Russia, freeing the former owner of a crypto exchange for American teacher Marc Fogel. According to a new report by The New York Post, anonymous White House officials say Trump has swapped Russian prisoner Alexander Vinnik – who was convicted of money laundering through the crypto exchange BTC-e, which he founded in 2011 – for Fogel. Vinnik, a computer scientist, was convicted in 2020 by a French court for laundering money and sentenced to five years in prison. He also pleaded guilty…