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Malaysia's Tenaga Nasional incurs losses of more than $1 billion from crypto power theft

Malaysia's Tenaga Nasional incurs losses of more than $1 billion from crypto power theft

Malaysia's national utility firm Tenaga Nasional Bhd (TNB) has incurred losses of more than $1 billion from illegal power usage by cryptocurrency miners between 2020 and August this year, the energy ministry said.TNB found that 13,827 premises had illegally used power to mine cryptocurrency over th…

Crypto-focused Grayscale makes US IPO filing public

Crypto-focused Grayscale makes US IPO filing public

Crypto-focused asset manager Grayscale on Thursday publicly filed its paperwork for an initial public offering in the United States.

Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

Grayscale recorded a 20% fall in revenue for the first nine months of 2025, the crypto-focused asset manager disclosed in its U.S. initial public offering paperwork on Thursday. The company made its IPO filing public hours after President Donald Trump signed a deal to end the longest governme…

Discovery partners with Luno to offer first bank app crypto trading in South Africa

Discovery partners with Luno to offer first bank app crypto trading in South Africa

By Siyanda Mthethwa Discovery Bank is set to become the first lender in South Africa to integrate crypto into its mobile platform, allowing customers to trade cryptocurrencies directly in its banking app from December.The feature is being launched in partnership with London-based crypto exchange…

Coinbase set to reincorporate in Texas

Coinbase set to reincorporate in Texas

Cryptocurrency exchange Coinbase is reincorporating in the new business hub of Texas, and is set to leave Delaware, the company said in a filing on Wednesday.

Kyrgyzstan launches $50 million of tokens in national stablecoin

Kyrgyzstan launches $50 million of tokens in national stablecoin

By Aigerim Turgunbaeva Kyrgyzstan has launched over $50 million worth of its national stablecoin, USDKG, backed by gold and pegged to the U.S. dollar, the country’s financial regulator said this week.Separately, the government on Wednesday ordered a nationwide shutdown of crypto mining amid a wor…

JPMorgan rolls out deposit token JPM coin in digital asset push - Bloomberg News

JPMorgan rolls out deposit token JPM coin in digital asset push - Bloomberg News

-- Source link: https://tinyurl.com/3eudyzn7-- Note: Reuters has not verified this story and does not vouch for its accuracy

Fed's Miran: Stablecoin adoption could put downward pressure on interest rates

Fed's Miran: Stablecoin adoption could put downward pressure on interest rates

By Michael S. DerbyFederal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be.“Even relatively conservative estimates of stablecoin growth impl…

More than half of hedge funds invested in crypto, global survey says

More than half of hedge funds invested in crypto, global survey says

By Elizabeth Howcroft Global hedge funds' exposure to crypto markets is increasing, and more than half are now invested in the sector, with the U.S. government's embrace of digital assets boosting interest, according to an industry report published on Thursday. Fifty-five per…

Strategy reports quarterly profit on bitcoin gains, shares rise

Strategy reports quarterly profit on bitcoin gains, shares rise

Strategy posted a profit in the third quarter, compared with a loss a year earlier, as improving sentiment around the cryptocurrency sector benefited the largest corporate holder of bitcoin, sending its shares up nearly 4% after the bell.Until the fourth quarter of 2024, Strategy could only record …

Core Scientific terminates $9 billion merger deal with CoreWeave

Core Scientific terminates $9 billion merger deal with CoreWeave

Crypto miner Core Scientific on Thursday ended its merger agreement with Nvidia-backed CoreWeave .

Trump memecoin issuer in talks to buy crowdfunding business - Bloomberg News

Trump memecoin issuer in talks to buy crowdfunding business - Bloomberg News

-- Source link: https://tinyurl.com/3cf4heuf-- Note: Reuters has not verified this story and does not vouch for its accuracy