Bitcoin Magazine Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts On April 29, 2025, Phoenix Group announced, in a press release sent to Bitcoin Magazine, that it has added fifty-two megawatts of Bitcoin mining capacity in Ethiopia, increasing its total in the country to one hundred and thirty-two…
Base has reached “Stage 1 Decentralization” by introducing fault proofs and a decentralized Security Council to its network structure, the layer 2 blockchain announced in a blog post on April 29. Fault proofs allow any participant to propose or challenge claims about Base’s state, with open-source challenger software and financial incentives supporting permissionless dispute resolution. …
The US SEC has delayed its decision to approve or disapprove Franklin Templeton’s application for a spot XRP ETF. SEC has extended the period of review for the XRP ETF to June 17, 2025. ETF expert James Seyffart says most of the final verdicts for most ETF proposals are made in October or later. The…
Tornado Cash is officially safe from U.S. sanctions, following a district court ruling on Monday. The Treasury Department’s Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, several months after an appeals court ruled that the agency had “overstepped its Congressionally-defined authority” by sanctioning the crypto mixing service’s smart…
SoFi has plans to bring back crypto services for its clients after suspending those operations in 2023 so as not to impede its effort to become a regulated bank. “We’re going to re-enter the crypto business, which we had to exit,” SoFi CEO Anthony Noto said in an interview with CNBC. “We’ll re-enter the business…
The United Kingdom has unveiled draft crypto laws that aim to give investors confidence while regulating more parts of the industry. The United Kingdom has unveiled draft crypto laws that aim to give investors confidence while regulating more parts of the industry. , Law and Order Decrypt
Key takeaways: Bitcoin tends to rally significantly when low leverage meets stronger-than-expected retail sales and hawkish Federal Reserve signals. In three separate 7-week periods, Bitcoin rose 50% to 84%. Upcoming speeches from Fed Chair Jerome Powell could benefit Bitcoin price. Bitcoin (BTC) price rallies are frequently linked to investors’ inflation concerns or data that surpasses…
Bitget, a cryptocurrency exchange with 100 million users, has announced a partnership with Avalanche to support community initiatives across India, one of the fastest-growing areas for crypto and Web3 developers. The partnership will see at least $10 million doled out in mini-grants, scholarships, hackathons, and workshops to the Web3 community in the country. The initial…
Sonic is set to upgrade to native USDC and integrate with CCTP V2 for better liquidity and experience. Sonic (S) price, currently at $0.5226, may hit $1.03 or fall to $0.3596 after the upgrade. A successful transition could spark increased adoption and liquidity, potentially pushing the S price higher. Sonic (S), the native token of…
According to new research from the Cambridge Centre for Alternative Finance (CCAF), North America now accounts for 82.5% of the global Bitcoin mining power. The report draws from survey responses from 49 mining companies operating across 23 countries, accounting for nearly half of the Bitcoin network’s hashrate. Sustainability Practices The study highlighted a rise in…
