Crypto

Core Scientific to quit Bitcoin mining by year-end as AI business surges

The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

Asian crypto exchanges batten down the hatches as hacks surge: Asia Express

Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.

Crypto ally French Hill wins reelection but set to lose House chair

Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.

Binance, Deribit revoke SignalPlus API keys after fake Teams invite attack

SignalPlus said attackers compromised an engineer’s computer in a breach that resulted in losses of less than $82,000, which the crypto trading platform pledged to reimburse in full.

U.S. Justice Department assembles force to shield against foreign AI threats

The new DOJ task force will aid the recently designated U.S. "SI Force" by warding off bad actors backed by other nations, criminal groups or corporate fraud.

Bitcoin tumbles to $76,000 as collapsing AI trade drags stocks sharply lower

The post-election rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.

Fed, OCC check US banks after Binance hack as experts flag security risks

US regulators reportedly contacted banks following last week’s $6.3 billion Binance security hack, while experts raised concerns about transaction security and crypto risks.

Europe’s largest asset manager Amundi tokenizes equity index fund on Ethereum

The new share class offers blockchain-based exposure to an index tracking 600 companies across European markets.

Paraguay president resigns after collapse of Ueno digital bank

Santiago Peña stepped down amid mounting scrutiny over his former ties to Ueno Bank’s parent company, as the lender’s collapse left millions of customers unable to access their funds.

What is TraderTraitor, the hacking squad behind the $6.3 billion Binance heist?

The hacking group has been behind some of the crypto industry's most recent high-profile thefts.

Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million

Soter also received backing of 500 BTC and 2000 ETH, worth another $43 million at current prices.

Crypto for Advisors: Where investors stake crypto shapes how much of the reward they keep

Gate CEO says crypto exchanges must prove they can survive a hack like Binance’s

Lin Han says Gate holds enough assets in cold storage to cover customer balances even if its hot wallets are emptied. An independent audit is underway.

Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push

The investment follows talks first reported by CoinDesk in June that included a proposed equity stake in Aave Group.

Google could take stake in bitcoin miner TeraWulf’s $19 billion AI project if Anthropic defaults

A $19 billion data-center agreement includes an unusual provision allowing Google to acquire part of the project if Anthropic fails to pay its rent.

Binance cuts SignalPlus access after security warning, urges users to check accounts

The exchange says its systems are unaffected but has removed trading connections to the third-party platform as a precaution.

Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns

Ukraine’s central bank won’t back a crypto legalization bill in its current form and wants lawmakers to revise it before a final vote.