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Bitfarms sells Paraguay site to Hive for $85M, refocuses on US
Bitfarms, a multinational Bitcoin mining firm, will sell its 200 megawatt (MW) facility in Yguazu, Paraguay, to Hive Digital Technologies — a competing mining and AI company — for approximately $85 million. The capital will be reinvested to strengthen Bitfarms’ capacity in the US.
On Jan. 28, Hive signed a binding letter of intent to purchase one of the three Bitfarms-owned and operated Bitcoin (BTC) mining farms in Paraguay.
Bitfarm’s Bitcoin mining site in Yguazu, Paraguay. Source: Bitfarms
On Jan. 28, Hive signed a binding letter of intent to purchase one of the three Bitfarms-owned and operated Bitcoin (BTC) mining farms in Paraguay.
Bitfarm’s Bitcoin mining site in Yguazu, Paraguay. Source: Bitfarms
DraftKings settles NFL union suit over NFT pay dispute
US sports betting site DraftKings has reached a settlement with the National Football League Players Association, which accused the platform of failing to pay for using NFL player likenesses featured in non-fungible tokens.
DraftKings and the NFLPA said in a Jan. 27 joint letter to New York federal Judge Analisa Torres that they had mediated the suit and reached a settlement in principle pending “a definitive settlement agreement.”
The pair requested a 60-day stay of suit — giving them until M
DraftKings and the NFLPA said in a Jan. 27 joint letter to New York federal Judge Analisa Torres that they had mediated the suit and reached a settlement in principle pending “a definitive settlement agreement.”
The pair requested a 60-day stay of suit — giving them until M
Tuttle files 10 leveraged crypto ETFs as issuers test limits: Analysts
Tuttle Capital has filed for ten crypto-based leveraged exchange-traded funds (ETFs), including some for popular memecoins, with analysts saying issuers are testing the limits of Trump-appointed crypto-friendly regulators.
Tuttle’s proposed ETFs include funds that are two times leveraged long on memecoins from Donald Trump and his wife Melania, Bloomberg ETF analyst James Seyffart said in a Jan. 27 X post.
In addition to the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens, Seyffart sa
Tuttle’s proposed ETFs include funds that are two times leveraged long on memecoins from Donald Trump and his wife Melania, Bloomberg ETF analyst James Seyffart said in a Jan. 27 X post.
In addition to the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens, Seyffart sa
Senate confirms pro-crypto Scott Bessent as US Treasury Secretary
The US Senate has confirmed Donald Trump’s pick for US Treasury secretary, billionaire hedge fund manager Scott Bessent.
On Jan. 27, the Senate voted 68 to 29 to confirm Besset, with 16 Democrats supporting the nomination.
Ripple CEO Brad Garlinghouse congratulated Bessent on X, adding that he was “confident he’ll enact common-sense economic policies, working with the Administration and Congress to grow US tech and crypto innovation.”
As Treasury secretary, Bessent will have influence over th
On Jan. 27, the Senate voted 68 to 29 to confirm Besset, with 16 Democrats supporting the nomination.
Ripple CEO Brad Garlinghouse congratulated Bessent on X, adding that he was “confident he’ll enact common-sense economic policies, working with the Administration and Congress to grow US tech and crypto innovation.”
As Treasury secretary, Bessent will have influence over th
Apple closes up amid US tech stock washout from China AI startup DeepSeek
Apple, Meta and Amazon were the only three “magnificent seven” tech stocks that withstood a wide market rout amid panic over Chinese artificial intelligence firm DeepSeek’s latest model, which supposedly rivals OpenAI’s ChatGPT.
Apple (APPL) closed up 3.18% on Jan. 27, while Meta Platforms (META) gained 1.91%. Amazon also just crept over the line, closing up 0.24% on the day.
Meanwhile, shares in chip maker Nvidia Corp (NVDA) closed down nearly 17% on Jan. 27, wiping out almost $600 billion in
Apple (APPL) closed up 3.18% on Jan. 27, while Meta Platforms (META) gained 1.91%. Amazon also just crept over the line, closing up 0.24% on the day.
Meanwhile, shares in chip maker Nvidia Corp (NVDA) closed down nearly 17% on Jan. 27, wiping out almost $600 billion in
KuCoin pleads guilty to US charges, agrees to pay $300M
KuCoin has pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay nearly $300 million in a settlement with the US, with its founders also forced to resign from the crypto exchange.
PEKEN Global Limited, operating as KuCoin, entered its guilty plea in a Manhattan federal court as part of a settlement deal, the Department of Justice said on Jan. 27.
It added the plea included forfeiture of $184.5 million and a $112.9 million fine, and KuCoin will exit the US mark
PEKEN Global Limited, operating as KuCoin, entered its guilty plea in a Manhattan federal court as part of a settlement deal, the Department of Justice said on Jan. 27.
It added the plea included forfeiture of $184.5 million and a $112.9 million fine, and KuCoin will exit the US mark
Venice AI token that gives private access to DeepSeek hits $1.6B total value
Venice AI, a privacy-focused artificial intelligence platform founded by Bitcoin advocate Erik Voorhees, launched a token on Ethereum layer-2 Base that notched a fully diluted value of $1 billion within under two hours after its launch.
The platform’s self-titled Venice Token (VVV) hit a fully diluted value — the value of the total supply of its tokens — of more than $1 billion just after 6 pm UTC on Jan. 27 after launching around an hour and a half earlier, DEXScreener data shows.
Its FDV is
The platform’s self-titled Venice Token (VVV) hit a fully diluted value — the value of the total supply of its tokens — of more than $1 billion just after 6 pm UTC on Jan. 27 after launching around an hour and a half earlier, DEXScreener data shows.
Its FDV is
Scam tokens surge as DeepSeek AI goes viral
Malicious “DeepSeek” crypto tokens have surged over the past 24 hours as the Chinese AI company goes viral.
According to data from security firm BlockAid, at least 75 scam tokens were created as of Jan. 27, representing a threefold jump from the previous day. This mirrors the spike in fake tokens released after US President Donald Trump released his memecoin on Jan. 18.
DeepSeek launched the latest version of its AI app on Jan. 20, quickly going viral and rising to the top of the Apple app sto
According to data from security firm BlockAid, at least 75 scam tokens were created as of Jan. 27, representing a threefold jump from the previous day. This mirrors the spike in fake tokens released after US President Donald Trump released his memecoin on Jan. 18.
DeepSeek launched the latest version of its AI app on Jan. 20, quickly going viral and rising to the top of the Apple app sto
Ripple announces money transmitter licenses in Texas and New York
Blockchain payments firm Ripple Labs said it had secured money transmitter licenses in the US states of Texas and New York.
In a Jan. 27 notice, Ripple said financial regulators in Texas and New York had approved money transmitter licenses for the payments firm, which reported holding more than 50 licenses across different jurisdictions. According to the blockchain firm, the licensing would allow it to offer users a cross-border payment solution in the US.
“Texas and New York have defined regu
In a Jan. 27 notice, Ripple said financial regulators in Texas and New York had approved money transmitter licenses for the payments firm, which reported holding more than 50 licenses across different jurisdictions. According to the blockchain firm, the licensing would allow it to offer users a cross-border payment solution in the US.
“Texas and New York have defined regu
Absence of Bitcoin ‘panic selling’ suggests BTC drop below $98K is a short-term blip: Analyst
Bitcoin (BTC) price witnessed a sharp decline of 7.13% toward the tail end on Jan. 26 to the early hours on Jan. 27, dropping under $100,000 for the first time since Donald Trump became the 47th US president.
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView
Since then, the crypto asset has teased a position above $100,000 as the market contemplated the next directional bias.
Bitcoin short-term holder loss remains low
There has been a noticeable conflict in market sentiment over the pa
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView
Since then, the crypto asset has teased a position above $100,000 as the market contemplated the next directional bias.
Bitcoin short-term holder loss remains low
There has been a noticeable conflict in market sentiment over the pa
Bitcoin price drops under $98K as markets sell-off following DeepSeek AI launch
Bitcoin (BTC) experienced a surprising 7% correction on Jan. 27, briefly dropping below $98,000 for the first time in over 10 days. Regardless of the factors driving this movement, Bitcoin’s price is struggling to reclaim the $100,000 support level, prompting traders to question whether the bullish momentum has dissipated.
Bitcoin derivatives metrics remained stable despite the $7,320 price drop to $97,754, suggesting that whales and arbitrage desks were prepared for the downturn. However, stab
Bitcoin derivatives metrics remained stable despite the $7,320 price drop to $97,754, suggesting that whales and arbitrage desks were prepared for the downturn. However, stab
Judge sentences Forcount promoter to 30 months behind bars
Antonia Perez Hernandez, a promoter of the cryptocurrency Ponzi scheme Forcount who pleaded guilty to conspiracy to commit wire fraud, has been sentenced to more than two years in prison.
In a Jan. 27 hearing at the US District Court for the Southern District of New York (SDNY), Judge Analisa Torres — the same judge presiding over the US Securities and Exchange Commission’s case against Ripple Labs — sentenced Hernandez to 30 months for her involvement in the crypto scheme. Hernandez pleaded gu
In a Jan. 27 hearing at the US District Court for the Southern District of New York (SDNY), Judge Analisa Torres — the same judge presiding over the US Securities and Exchange Commission’s case against Ripple Labs — sentenced Hernandez to 30 months for her involvement in the crypto scheme. Hernandez pleaded gu
Blockchain identity platform Humanity Protocol valued at $1.1B after fundraise
Decentralized identity platform Humanity Protocol has secured $20 million in venture funding to compete with the likes of World Network in the push for onchain identity solutions.
Humanity’s funding round was backed by venture capital firms Pantera Capital and Jump Crypto at a fully diluted valuation of $1.1 billion. The funds will be used to further develop the so-called Proof of Humanity protocol, which links users’ palms to their digital identity across Web3 platforms.
The funds will also
Humanity’s funding round was backed by venture capital firms Pantera Capital and Jump Crypto at a fully diluted valuation of $1.1 billion. The funds will be used to further develop the so-called Proof of Humanity protocol, which links users’ palms to their digital identity across Web3 platforms.
The funds will also
Price analysis 1/27: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK
Bitcoin (BTC) dropped below $98,000 on Jan. 27, but the price has since recovered to trade near the psychological level of $100,000. The fall was triggered by the rapid rise of China-based AI app DeepSeek, which stoked fears of rising competition in the AI sector. Although cryptocurrencies are not directly related, the flight to safety led to $864 million in liquidations in the cryptocurrency markets within 24 hours.
BitMEX co-founder Arthur Hayes cautioned his X followers of a sharp correction
BitMEX co-founder Arthur Hayes cautioned his X followers of a sharp correction
CFTC acting chair announces roundtables on crypto market structure
Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), has announced the agency will be holding public roundtable discussions on market issues, including those related to digital assets.
In a Jan. 27 notice, the CFTC said the commission would be scheduling roundtable events “over the next several months,” dealing with conflicts of interest, prediction markets and digital assets. According to the acting chair, the discussions would follow engagement with industry lead
In a Jan. 27 notice, the CFTC said the commission would be scheduling roundtable events “over the next several months,” dealing with conflicts of interest, prediction markets and digital assets. According to the acting chair, the discussions would follow engagement with industry lead
Maple Finance debuts Bitcoin-linked yield offering for institutional investors
Decentralized finance (DeFi) platform Maple Finance has announced a new derivatives product to tackle institutional clients’ demand for digital assets.
According to Maple, the new product will buy Bitcoin (BTC) call options using yield from collateralized crypto loans. Designed for institutional investors with a minimum buy-in of 100,000 USD Coin (USDC), it promises exposure to BTC with downside protection against BTC underperformance. The new product has a floor annual percentage yield (APY)
According to Maple, the new product will buy Bitcoin (BTC) call options using yield from collateralized crypto loans. Designed for institutional investors with a minimum buy-in of 100,000 USD Coin (USDC), it promises exposure to BTC with downside protection against BTC underperformance. The new product has a floor annual percentage yield (APY)
WazirX approved for hack repayments, Tornado Cash sanctions overturned: Law Decoded
The High Court of Singapore has approved the restructuring plan for crypto exchange WazirX, allowing the platform to repay its customers after it was hacked for $235 million in July 2024. WazirX has estimated that users could recover up to 80% of their account balances.
The company will initiate a voting process, which is expected to conclude in three months. If a majority of users vote in favor of the scheme, the plan will be implemented. This will allow the exchange to distribute liquid asset
The company will initiate a voting process, which is expected to conclude in three months. If a majority of users vote in favor of the scheme, the plan will be implemented. This will allow the exchange to distribute liquid asset
Multicurrency is the future of stablecoins, says former Binance.US exec
16 years after the invention of Bitcoin, the blockchain industry has yet to solve the myriad problems plaguing traditional finance. A stablecoin network optimized for global payments in localized currencies could fix that, said former Binance.US CEO and founder of 1Money Network Brian Shroder.
In an interview with Cointelegraph, Shroder explained the motivation behind launching 1Money, a layer-1 network designed to support multicurrency stablecoin payments.
“Our mission is to make stablecoin
In an interview with Cointelegraph, Shroder explained the motivation behind launching 1Money, a layer-1 network designed to support multicurrency stablecoin payments.
“Our mission is to make stablecoin
MicroStrategy proposes 2.5M share offering to fund Bitcoin purchases
Business intelligence firm MicroStrategy has proposed a stock offering to raise cash for “general corporate purposes,” including acquiring more Bitcoin (BTC), signaling its intent to continue accumulating the digital asset.
According to a Jan. 27 announcement, MicroStrategy intends to offer 2.5 million units of its perpetual strike preferred stock, which is a type of stock that has a liquidation preference and pays dividends at a fixed rate. Holders also have the option of converting it into c
According to a Jan. 27 announcement, MicroStrategy intends to offer 2.5 million units of its perpetual strike preferred stock, which is a type of stock that has a liquidation preference and pays dividends at a fixed rate. Holders also have the option of converting it into c
Bitcoin price bounces 5%, cancels DeepSeek stocks dive as $102K returns
Bitcoin (BTC) returned to $102,000 at the Jan. 27 Wall Street open as bulls bounced back from a US stocks scare.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
BTC price rebound reclaims $100,000 mark
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 4.6% versus local lows of $97,750 on Bitstamp.
Those had accompanied a snap comedown in US equities futures due to the release of Chinese ChatGPT rival, DeepSeek, which sparked concerns over US competitiv
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
BTC price rebound reclaims $100,000 mark
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 4.6% versus local lows of $97,750 on Bitstamp.
Those had accompanied a snap comedown in US equities futures due to the release of Chinese ChatGPT rival, DeepSeek, which sparked concerns over US competitiv