Bitdeer Technologies Reports $532M Q4 Loss as It Invests Heavily in ASIC Mining Technology

February 26, 20250Comments

Bitdeer Technologies Reports $532M Q4 Loss as It Invests Heavily in ASIC Mining Technology

Bitdeer Technologies Group posted a $532 million net loss for Q4 2024, citing major investments in proprietary mining hardware development as it pursues vertical integration in the Bitcoin mining sector. Revenue Decline and Rising Costs The company's quarterly revenue dropped 40% year-over year to $69.0 million, with gross profit plummeting from $27.0 million in Q4…

Rezolve Ai Unveils $1 Billion Bitcoin Treasury to Power AI-Driven Crypto Payments

Rezolve Ai announces a $1 billion Bitcoin treasury to support its AI-driven crypto payment platform with Tether, aiming to revolutionize retail commerce. Rezolve Ai, a leader in AI-powered commerce solutions, has announced the establishment of a $1 billion Bitcoin treasury. This strategic move aims to support its upcoming AI-driven crypto payment platform, developed in collaboration…

Michael Saylor Pushes SEC for a Crypto Framework That Could Change Everything in 2025

Michael Saylor presents a digital assets framework to the SEC Crypto Task Force, proposing a structured regulatory system to strengthen U.S. leadership in digital finance. SEC’s Crypto Task Force Meets with MicroStrategy Chairman to Discuss Digital Asset Regulation The U.S. Securities and Exchange Commission (SEC) Crypto Task Force met with MicroStrategy’s Executive Chairman, Michael Saylor,…

Czech National Bank Explores Bitcoin as Reserve Asset Amid Financial Market Shifts

The Czech National Bank is exploring Bitcoin’s potential as a reserve asset. Governor Aleš Michl sees this as an opportunity to study digital assets amid evolving financial markets. Czech National Bank Governor Pushes for Bitcoin Study Governor Aleš Michl reignited the discussion on social media platform X last week, following a Jan. 30 CNB Bank…

OKX Pleads Guilty to U.S. Anti-Money Laundering Violations, Agrees to $505 Million Settlement

Seychelles-based crypto exchange OKX has admitted to violating U.S. anti-money laundering laws, agreeing to a $505 million settlement after facilitating billions in suspicious transactions. OKX Settles U.S. Criminal Case for $505 Million OKX, a major cryptocurrency exchange operated by Aux Cayes FinTech Co., has pleaded guilty to running an unlicensed money-transmitting business in the U.S.…

SEC’s Ripple Fight Nears Collapse as Former Official Predicts Appeal Withdrawal

The U.S. Securities and Exchange Commission (SEC) is scaling back its cryptocurrency enforcement efforts, signaling a major shift in regulatory approach. With recent legal retreats and internal restructuring, former SEC enforcement chief John Reed Stark now predicts the agency will abandon its appeal in the high-profile ipple case. SEC Pulling Back on Crypto Cases Stark,…

Russia’s Supreme Court Moves to Classify Cryptocurrency as Property in Criminal Cases in 2025

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia Supreme Court Seeks Legal Clarity for Crypto in Criminal Cases Russia’s Supreme Court is advancing efforts to classify cryptocurrency as property in criminal cases, a move that…

Former Safemoon CTO Pleads Guilty in $8 Billion Crypto Fraud Case

Former Safemoon CTO Thomas “Papa” Smith has pleaded guilty to fraud charges in connection to the $8 billion crypto project’s collapse. The case highlights one of DeFi’s biggest scandals. Guilty Plea Marks Major Development in Safemoon Scandal Thomas “Papa” Smith, former chief technology officer of the now-defunct Safemoon cryptocurrency project, has pleaded guilty to fraud…

SEC Drops OpenSea Investigation, Signaling Shift in Crypto Regulation

The SEC has dropped its investigation into OpenSea, opting not to pursue enforcement action against the NFT marketplace. This decision follows a similar move regarding Coinbase, signaling a shift in the agency crypto enforcement strategy. NFT Marketplace No Longer Faces SEC Scrutiny Amid Regulatory Changes The U.S. Securities and Exchange Commission (SEC) has reportedly closed…

February 22, 20250Comments

Coinbase CEO Brian Armstrong Says Meme Coins Could Shape the Future of Crypto in 2025

Coinbase CEO Brian Armstrong discusses the future of meme coins, warning about scams while urging an open-minded approach to their potential role in crypto. Coinbase CEO Brian Armstrong has shared his perspective on the growing role of meme coins in the cryptocurrency space. While acknowledging concerns over scams and speculation, Armstrong emphasized the need for…