SEC sued by watchdog group over withheld crypto report
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission for failing to disclose a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General completed the report more than a year ago, but the agency has yet to release it despite repeated Freedom of […]
Republican lawmakers launch bicameral working group to bring clarity to crypto
Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity. Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral working group to push legislation on stablecoins and digital asset […]
Digital Currency Group spins out new crypto mining subsidiary
Despite spinning off Fortitude Mining, Foundry retains the largest Bitcoin mining pool with over 30% of the network’s hashrate. Source link
Trump’s executive order excludes Fed, FDIC from crypto working group
The executive order will also exclude the US central bank from future stablecoin regulation, according to industry insiders. Source link
KULR, Genius Group expand Bitcoin holdings
KULR Technology Group and Genius Group Limited, both publicly traded companies, have announced significant increases in their Bitcoin holdings as part of their treasury strategies. KULR Technology Group, headquartered in Houston, has raised its Bitcoin (BTC) treasury to 510 BTC with an additional $8 million purchase. The acquisitions, made at an average price of $101,695 […]
Genius Group launches $33m rights offering to boost Bitcoin reserve
Genius Group Limited, a Bitcoin-focused education company, has announced a $33 million rights offering to expand its Bitcoin Treasury. The offering will allow existing shareholders to purchase additional shares at $0.50 each, with proceeds earmarked entirely for Bitcoin (BTC) purchases, according to a company release. Each shareholder will receive one transferable right for every share […]
Genius Group buys $5m more in Bitcoin, totaling treasury to $35m
Genius Group Limited has increased its Bitcoin Treasury to $35 million. This purchase surpassed its milestone ahead of schedule in its ongoing effort to amass $120 million in Bitcoin holdings, according to a company release. The latest purchase comes just two months after the Singapore-based, AI-powered education company announced its “Bitcoin-first” strategy in early November. […]
MANTRA partners with DAMAC Group in $1b tokenized assets deal
MANTRA has entered a $1 billion partnership with Dubai-based DAMAC Group. The agreement aims to enhance transparency and accessibility through blockchain technology across DAMAC’s varied portfolio, which includes real estate, hospitality, and data centers, according to a press release seen by crypto.news. As part of the partnership, DAMAC’s assets will be tokenized and made available […]
South Korea’s Lotte Group to leverage Arbitrum blockchain for its metaverse
South Korean conglomerate Lotte Group has tapped the Ethereum layer 2 network Arbiturm to enhance its artificial intelligence-driven metaverse platform, Lotte Caliverse. Announced at CES 2025, Arbitrum’s blockchain, with its 250ms block times, is described by Steven Goldfeder, CEO of Arbitrum developer Offchain Labs, as the “ideal home ground for Caliverse,” enabling “high-quality performance within […]
UAE’s Bitcoin mining firm Phoenix Group expands in US ahead of Nasdaq listing: report
Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota. Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an […]
