Bitcoin’s hashrate saw its most dramatic fall of the last three years between June 15 and 24, according to Blockchain.com data. Bitcoin’s hashrate decreased from nearly 943.6 billion terahashes per second (TH/s) on June 15 to 799.9 TH/s on June 24 — a decline of more than 15% and a level not seen since May.…
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The United States Federal Housing Finance Agency (FHFA) will study whether cryptocurrency holdings could be considered in mortgage qualification assessments. In a Tuesday X post, US FHFA Director William Pulte — who was nominated by President Donald Trump — said the agency is examining cryptocurrencies. “We will study the usage [of] cryptocurrency holdings as it…
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Bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan has completed a pilot production run in the US and abandoned its AI hardware manufacturing efforts. In a statement sent to Cointelegraph on Monday, a Canaan representative said it “has successfully completed a pilot production run in the US,” replicating its Malaysia-based operations. Canaan also announced the…
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Hardware wallet producer Trezor warned users about an ongoing phishing campaign that mimics the company’s official customer support replies. In a Monday X post, Trezor warned that the firm is aware “attackers abused our contact form to send scam emails appearing as legitimate Trezor support replies.” The company reminded its customers not to share wallet…
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Metaplanet, Japan’s top Bitcoin corporate treasury company, announced Monday that it had purchased an additional 1,111 Bitcoin. According to a Monday regulatory filing, Metaplanet’s total holdings have reached 11,111 Bitcoin (BTC), putting the company’s BTC holdings within striking distance of Tesla’s current Bitcoin stash of 11,509 BTC. Source: Metaplanet Metaplanet spent 17.26 billion Japanese yen…
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Cryptocurrency is booming in South Korea, but beneath the surface, the surge is driven less by optimism than by the economic desperation of its younger generation, according to a local expert. Crypto exchange users in South Korea have surpassed 16 million, according to data from late March, after receiving a boost from US President Donald…
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Crypto exchange Kraken has launched a new Bitcoin staking product through a protocol integration with Babylon Labs. In a Thursday announcement, Kraken said it has partnered with the Bitcoin (BTC) staking protocol Babylon. The integration allows the exchange’s users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending. Kraken…
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Project Eleven, a development firm focused on post-quantum cryptography, raised $6 million to help secure Bitcoin and other digital assets against future quantum computing threats. According to a Thursday announcement shared with Cointelegraph, the funding round was co-led by leading Web3 investor Variant Fund and quantum tech investor Quantonation, among others. It marks Quantonation’s first…
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Norwegian crypto firm K33 said Wednesday it plans to raise a minimum of 85 million Swedish krona ($8.9 million) through a share issue for its plan to purchase up to 1,000 Bitcoin for its company reserves. According to its announcement, K33 has appointed Pareto Securities as its manager and bookrunner for the share issue. The…
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Bitmain, Canaan and MicroBT — which collectively produce most of the world’s Bitcoin mining application-specific integrated circuits, or ASICs — are bringing production to the US, according to a Wednesday report by Reuters. The shift comes in response to hefty reciprocal tariffs imposed on China by US President Donald Trump. Tariffs currently stand at 25%…
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