Category: Crypto News

Pakistan has announced plans to allocate a portion of its surplus electricity to Bitcoin mining. Some of this will also be allocated to artificial intelligence data centers. He added that Pakistan has held discussions with several Bitcoin mining companies. The locations of the mining centers will be determined based on areas with excess power supply.

Binance founder, CZ has announced that Kyrgyzstan’s national cryptocurrency reserve will be utilizing two currencies, Bitcoin and Binance coin. CZ announced that he had accepted the invitation of Kyrgyz President Sadyr Japarov to join the Kyrgyz National Crypto Committee.

The European Union has passed the Anti-Money Laundering Regulation – AMLR, that would ban all cryptocurrency exchanges from offering anonymous cryptocurrency accounts or wallets starting July 1, 2027. This is bad news for all privacy cryptocurrencies that are being traded in the EU. 

Upbit offers sUSD stablecoin which has not been very stable lately. It has been unable to maintain its peg to 1 USD. There has been significant volatility in the associated token SNX.

Out of $1.4 billion dollars of hacked ByBit funds, around 28 percent has gone dark, meaning it is untraceable. The centralized cryptocurrency exchanges like Binance, KuCoin have been able to freeze a meager 4% of total funds. However, 69% of funds still remain traceable. 

Binance has made an announcement that it would now require all Indian users to re-verify their identities to comply with the anti-money laundering regulations. This applies to both new and existing users. 

News is coming that Sweden is considering adding Bitcoin to its foreign reserves very soon. Their lawmaker Rickard Nordin said that Bitcoin has gold like currency properties. He added Bitcoin is widely used and is an effective way to combat inflation, just like Gold. 

LDUSDT is not a stable coin as one would otherwise think. Binance Futures has launched this new reward-bearing margin asset called LDUSDT. 

Binance, world’s biggest cryptocurrency exchange has announced its partnership with WorldPay that will allow users to buy cryptocurrency using Apple Pay and Google Pay. This means buying cryptocurrencies using fiat currency just got a whole lot noob friendly.