Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers. Ethiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the country’s hydroelectric reservoirs. On Tuesday, Bloomberg reported that El Niño intensified...Continue Reading

Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets. Germany’s largest bank, Deutsche Bank, is awaiting regulatory approval to launch digital asset custody solutions for institutional clients and corporations in Europe.  Deutsche Bank plans to go live with the offering for...Continue Reading

Bitcoin exchange demand on Coinbase declined after the US Senate voted against the CLARITY Act, while traders sent BTC to exchanges at an unrealized loss. Bitcoin (BTC) demand is under pressure in the US as investors react to the failure of the CLARITY Act to advance in the Senate. Key points: Read moreContinue Reading

Italy is probing the Revolut-linked breach after its cyber agency reported more than 650 cases involving abused or illicit certified email accounts. Italian authorities are investigating a government email breach linked to the leak of Revolut customer data after hackers allegedly used the compromised account to obtain sensitive customer information. Polizia Postale, Italy’s cybercrime police,...Continue Reading

Euro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot. The European Central Bank (ECB) is seeking online and mobile merchants to participate in a 12-month digital euro pilot expected to begin in the second half of 2027.  On Tuesday, the ECB said e-commerce and...Continue Reading

Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization. Phemex CEO Federico Variola says AI has been a ‘net negative’ for crypto, despite the crypto exchange announcing an AI-focused transformation earlier this year.  Speaking on Cointelegraph’s Chain Reaction, Variola said...Continue Reading

The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows. Spot Bitcoin exchange-traded funds recorded their largest day of outflows since late June after a major crypto bill stalled in the Senate. The 13 US-listed funds saw a...Continue Reading

The former employees allegedly earned more than $50,000 each by trading Hyperliquid perpetuals ahead of Robinhood token listings. US prosecutors on Tuesday charged two former Robinhood engineers with commodities fraud and wire fraud for allegedly using confidential information about upcoming cryptocurrency listings to profit from perpetual futures trades on Hyperliquid.  According to the US Department...Continue Reading

The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left. Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after a major crypto bill establishing a regulatory framework for digital...Continue Reading

A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins. Researchers at the Bank for International Settlements found that estimates of Bitcoin onchain transfer values can vary by as much as sixfold depending on how transactions are measured. The finding concerns onchain Bitcoin transfer values,...Continue Reading