Japanese investment and consulting services company Metaplanet has adopted Bitcoin (BTC) as its strategic treasury reserve asset. The move comes at a time when Japan is facing high debt burden and a volatile national currency – yen. Metaplanet said in a press release on Monday that the company’s strategy “unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach”...
Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12. The media outlet Izvestia said the Russian Government Expert Council was preparing to send fresh mining-related proposals to the Cabinet. Lawmakers want to bundle the proposed measures in a...
The Bitcoin Asia 2024 conference in Hong Kong attracted a large crowd of enthusiasts and especially investors from mainland China. According to a recent report by the South China Morning Post, the organizer estimated that out of the 5,500 people who confirmed their attendance before the event, about half came from the country’s mainland. Hong...
Bitcoin mining firms are scaling back the use of their computer fleets after industry revenues crunched substantially last month, according to a May 13 Coinshares report. After reaching an all-time high last month, the seven-day rolling average for the Bitcoin network hash rate has declined quickly since the beginning of May. Peaking at roughly 650...
North Korea’s notorious Kimsuky hacking group, also known as APT43, has been reportedly launching cyberattacks on two South Korean crypto firms using a previously undocumented Golang-based malware named – Durian. Per findings from cybersecurity solutions giant Kaspersky, Durian is characterized by its “comprehensive backdoor functionality.” This feature enables the execution of delivered commands, additional file...
Franklin Templeton CEO Jenny Johnson, who oversees the $1.6 trillion asset management firm, said she remains a huge fan of blockchain technology and sees exchange-traded funds (ETFs) and mutual funds being on the blockchain during an interview with Bloomberg anchor David Westin. Johnson, a granddaughter of Franklin Templeton founder Rupert Harris Johnson, joined the company...
El Salvador, renowned for its move to adopt Bitcoin as legal tender in September 2021, has now introduced a cutting-edge online platform for tracking the country’s Bitcoin Treasury. The initiative, spearheaded by The Bitcoin Office, a Salvadoran government agency dedicated to overseeing Bitcoin-related projects, aims to offer public access to data on the country’s BTC...
Liminal, a leading Singapore-based custody services provider, has achieved a significant milestone in its global expansion journey with regulatory approval in Abu Dhabi. The company’s subsidiary, First Answer Middle East, received the first Financial Services Permission (FSP) from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA), marking a pivotal moment in its...
MoonPay confirmed to Cryptonews on Monday that it has donated $1 million to the digital advocacy group Stand With Crypto ahead of the 2024 elections. “Today, two things are abundantly clear: this year’s election will define the future of our industry in the United States, and it is our responsibility to step up and stand...
President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls. Adams expressed concerns about President Biden and other Democrats’ perceived anti-crypto position, which could reduce the incumbent US president’s likelihood...