Phoenix Group, an Abu Dhabi-based crypto mining firm, has reported a staggering 236% surge in mining revenue, reaching $107 million for 2024. The firm’s financial success resulted from its strategic expansion efforts and operational efficiencies despite a challenging market environment.…
Avalon Labs, a company focused on building on-chain financial products for Bitcoin (BTC), is exploring the possibility of launching a first Bitcoin-backed debt-focused public fund in the US. On Feb. 12, Avalon Labs announced in its X post that it…
The Swiss stock exchange group SIX has launched its Digital Collateral Service, allowing financial institutions to use crypto assets alongside traditional securities as collateral. SIX operates one of Europe’s largest triparty agents, which provides collateral management solutions for financial institutions,…
A significant portion of central banks worldwide have delayed their plans for launching central bank digital currencies (CBDCs), citing regulatory challenges and shifting economic priorities. A February 11 report by the Official Monetary and Financial Institutions Forum (OMFIF) and security…
Bitpanda, European cryptocurrency platform, has officially received approval from the UK’s Financial Conduct Authority (FCA) to expand its operations into the British market. This FCA’s approval enables Bitpanda to provide UK investors with access to crypto trading, staking services, savings…
The United States, United Kingdom, and Australia have jointly imposed sanctions on Zservers, a Russia-based bulletproof hosting (BPH) service provider accused of facilitating ransomware operations, particularly for the notorious LockBit ransomware group. The U.S. Department of the Treasury’s Office of…