Found 10266 news
A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao. Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve. The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO Changpeng ‘CZ’ Zhao, who attended the National Council for the Development of Virtual Assets and Blockchain Technologies’ second meeting on Friday with President Sadyr Japarov. The first meeting took place around April, when CZ became a strategic adviser for Kyrgyzstan’s crypto committee. Read more
A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao. Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve. The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO Changpeng ‘CZ’ Zhao, who attended the National Council for the Development of Virtual Assets and Blockchain Technologies’ second meeting on Friday with President Sadyr Japarov. The first meeting took place around April, when CZ became a strategic adviser for Kyrgyzstan’s crypto committee. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, competition in the Bitcoin mining industry is intensifying, with smaller miners gaining ground on their larger rivals in realized hashrate. Meanwhile, Ferrari is deepening its crypto push with a new digital token for its top clients and Rumble has teamed up with Tether to add Bitcoin tips for content creators. The Bitcoin mining industry is experiencing rising competition following the 2024 halving, with mid-tier miners narrowing the gap in realized hashrate as challenging post-halving economics persist. Recent data from The Miner Mag shows that public miners such as HIVE Digital, Bitdeer and Cipher Mining have expanded their realized hashrates after years of infrastructure investment. These companies are now catching up to the largest players, including MARA Holdings, CleanSpark and Cango. Read more
Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around. The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts. “All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks. Read more
Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around. The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts. “All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks. Read more
Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving. According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango. “Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more
Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving. According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango. “Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more
Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees. Crypto hardware wallet provider Ledger recently announced a new multisig interface that has been broadly welcomed as a technical improvement but criticized for introducing a new fee structure that some users have called a cash grab. The Ledger Multisig application will charge users a flat $10 fee for all transactions except token transfers, which incur a 0.05% variable fee. These charges come in addition to standard blockchain network gas fees, which are independent of Ledger. Ethereum developer and X user pcaversaccio criticized the move, writing: “You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).” Read more
Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees. Crypto hardware wallet provider Ledger recently announced a new multisig interface that has been broadly welcomed as a technical improvement but criticized for introducing a new fee structure that some users have called a cash grab. The Ledger Multisig application will charge users a flat $10 fee for all transactions except token transfers, which incur a 0.05% variable fee. These charges come in addition to standard blockchain network gas fees, which are independent of Ledger. Ethereum developer and X user pcaversaccio criticized the move, writing: “You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).” Read more
XRP eyes a breakout toward $3–$3.45 as strong technical support and Ripple’s expanding institutional push fuel renewed bullish momentum. Key Takeaways: Ripple’s CEO said XRP “sits at the center of everything” as Ripple Prime launched. XRP price looks to break resistance at $3 amid bullish technical momentum. Read more
XRP eyes a breakout toward $3–$3.45 as strong technical support and Ripple’s expanding institutional push fuel renewed bullish momentum. Key Takeaways: Ripple’s CEO said XRP “sits at the center of everything” as Ripple Prime launched. XRP price looks to break resistance at $3 amid bullish technical momentum. Read more
RWA tokenization faces criticism, but regulatory clarity and institutional adoption prove it’s building the foundation for finance’s future. Opinion by: Alex Zhang, co-founder at Pharos Tokenizing real-world assets (RWAs) is not a self-contained solution to traditional finance problems. To claim such a thing would be one-dimensional. As it stands, RWA tokenization is under immense pressure to perform despite showing clear value and signs of progress. Despite its progressive trajectory, the criticism leveled at RWA tokenization is immense. Critics say that decentralization alone is enough. Read more
RWA tokenization faces criticism, but regulatory clarity and institutional adoption prove it’s building the foundation for finance’s future. Opinion by: Alex Zhang, co-founder at Pharos Tokenizing real-world assets (RWAs) is not a self-contained solution to traditional finance problems. To claim such a thing would be one-dimensional. As it stands, RWA tokenization is under immense pressure to perform despite showing clear value and signs of progress. Despite its progressive trajectory, the criticism leveled at RWA tokenization is immense. Critics say that decentralization alone is enough. Read more
Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns. Yesterday, the governor of the Bank of Ghana, the country’s central bank, said that crypto regulations will be in place by the end of 2025. This follows draft guidelines the bank published last year. By introducing a strong legal footing for crypto investors and companies, Ghana will join nine other countries on the continent that have laws in place for digital assets. In general, crypto adoption is growing in Africa, particularly in Sub-Saharan Africa. Grassroots adoption and retail activity make it the third-fastest-growing region for crypto. Read more
Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns. Yesterday, the governor of the Bank of Ghana, the country’s central bank, said that crypto regulations will be in place by the end of 2025. This follows draft guidelines the bank published last year. By introducing a strong legal footing for crypto investors and companies, Ghana will join nine other countries on the continent that have laws in place for digital assets. In general, crypto adoption is growing in Africa, particularly in Sub-Saharan Africa. Grassroots adoption and retail activity make it the third-fastest-growing region for crypto. Read more
HMRC has issued 65,000 crypto tax warning letters, but experts say UK investors who haven’t been contacted could still owe taxes. UK crypto investors could face tax bills even if they haven’t received warning letters from HM Revenue & Customs (HMRC), as the agency steps up efforts to track undeclared digital asset income. Last week, the Financial Times revealed that HMRC issued nearly 65,000 “nudge letters” in the 2024–25 tax year, more than double the number sent the year before. The letters urge investors to review their filings and voluntarily declare crypto-related gains before potential audits begin. However, tax experts warn that the agency’s growing use of exchange data and international reporting agreements means that investors who haven’t received a letter shouldn’t assume they’re in the clear. Read more
HMRC has issued 65,000 crypto tax warning letters, but experts say UK investors who haven’t been contacted could still owe taxes. UK crypto investors could face tax bills even if they haven’t received warning letters from HM Revenue & Customs (HMRC), as the agency steps up efforts to track undeclared digital asset income. Last week, the Financial Times revealed that HMRC issued nearly 65,000 “nudge letters” in the 2024–25 tax year, more than double the number sent the year before. The letters urge investors to review their filings and voluntarily declare crypto-related gains before potential audits begin. However, tax experts warn that the agency’s growing use of exchange data and international reporting agreements means that investors who haven’t received a letter shouldn’t assume they’re in the clear. Read more
Ferrari is deepening its crypto push with a new digital token for its top clients, letting them bid on the Le Mans-winning 499P as part of a limited auction set to launch in 2027. Ferrari is entering the cryptocurrency world with plans to launch a digital token that will allow its wealthiest fans to bid on one of its most iconic racing cars, the Ferrari 499P, a Le Mans-winning endurance model. The Italian carmaker will issue the “Token Ferrari 499P” in partnership with fintech firm Conio, aimed exclusively at members of its Hyperclub, a private network of 100 elite clients with a passion for endurance racing, according to a Saturday report by Reuters. “This is about strengthening the sense of belonging among our most loyal customers,” Enrico Galliera, Ferrari’s chief marketing and commercial officer, reportedly said. Read more
Ferrari is deepening its crypto push with a new digital token for its top clients, letting them bid on the Le Mans-winning 499P as part of a limited auction set to launch in 2027. Ferrari is entering the cryptocurrency world with plans to launch a digital token that will allow its wealthiest fans to bid on one of its most iconic racing cars, the Ferrari 499P, a Le Mans-winning endurance model. The Italian carmaker will issue the “Token Ferrari 499P” in partnership with fintech firm Conio, aimed exclusively at members of its Hyperclub, a private network of 100 elite clients with a passion for endurance racing, according to a Saturday report by Reuters. “This is about strengthening the sense of belonging among our most loyal customers,” Enrico Galliera, Ferrari’s chief marketing and commercial officer, reportedly said. Read more
Spot Bitcoin ETFs attracted $446 million in weekly inflows, signaling renewed institutional confidence in BTC as Ether funds faced a second straight week of outflows. Spot Ethereum exchange-traded funds (ETFs) have logged two straight weeks of outflows amid cooling investor sentiment after months of strong inflows. According to data from SoSoValue, Ether (ETH) products collectively posted $243.9 million in net redemptions for the week ending on Friday, following the previous week’s $311 million outflow. The latest data brings cumulative inflows across all Ether spot ETFs to $14.35 billion, with total net assets standing at $26.39 billion, representing about 5.55% of Ethereum’s market cap. Read more10266 items