Cryptocurrency News

Bitfarms Completes Latin America Exit With $30 Million Sale

Bitfarms has agreed to sell its Bitcoin mining facility in Paraguay for up to $30 million, closing its operations in Latin America. The miner is listed on Nasdaq and said the sale of its 70 megawatt Paso Pe site is the final step in broader strategy to consolidate its energy.

North Korea Drives Record $2B Crypto Theft and Laundering in 2025

North Korea’s state-linked hacking groups have pushed cryptocurrency crime to new extremes in 2025, with over $2 billion in crypto theft and laundering as per a report by Chainalysis. Security researchers say the scale, speed, and sophistication of these operations now place Pyongyang at the center of global crypto crime.

Russia Detains Seven Employees Over Illegal Crypto Mining Operations

Russia has detained seven employees of the Rosseti Moscow Region power grid on suspicion of assisting illegal cryptocurrency mining operations in and around Moscow. The suspects reportedly held roles across different levels of the organization, from field electricians to senior engineering staff, according to the Russian Ministry of Internal Affairs.

Ruble Loans for Crypto: Sberbank Breaks Ground on Blockchain-Backed Corporate Financing

Key Points: Sberbank has successfully completed a pilot project to issue corporate loans secured by cryptocurrency, marking a historic shift in Russia’s banking landscape. ...

Hong Kong Considers Capital Rules Allowing Insurers Into Crypto

Hong Kong’s insurance watchdog is preparing a change of capital rules that could formally open the door for insurers to invest in cryptos. A draft proposal reveals the Insurance Authority plans to introduce explicit capital charges for crypto assets as part of a broader overhaul of its risk-based capital framework.

Cross River Bank, Highnote Join Visa Stablecoin Settlement Pilot

Cross River Bank has joined Visa’s stablecoin settlement pilot, launching the capability in partnership with payments platform Highnote. The initiative brings USDC settlement into a live production environment, allowing eligible issuers and acquirers to settle card transactions using a dollar-backed stablecoin on the Solana blockchain.

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