Canaan Expands to US, Abandons AI to Refocus on Bitcoin Mining
Bitcoin ASIC manufacturer Canaan has completed a successful pilot production run in the United States, marking a major shift in its manufacturing strategy. Alongside this move, the company has officially exited its artificial intelligence (AI) chip business, citing a strategic pivot back to its core strengths: Bitcoin mining and crypto
Altcoin Buzz Grows After Saylor’s $1.08B Bitcoin Bet
Michael Saylor’s firm, Strategy, has once again made headlines with a monumental Bitcoin (BTC) purchase worth $1.08 billion. The acquisition of 10,100 BTC brings Strategy’s total holdings to a staggering 592,100 BTC valued at over $63.3 billion. This bold move comes amid rising global economic tensions, but Saylor remains undeterred,
Central Banks Pivot to Gold: What It Means for Crypto Markets
As global central banks ramp up gold accumulation, the crypto market may be entering a phase of high volatility and shifting investor sentiment. According to a World Gold Council survey reported by The Kobeissi Letter on June 21, 2025, 95% of the world’s central banks expect global gold reserves to
Pi Network Poised for Powerful Rebound Amid Bullish Pattern
Pi Network (PI) is showing signs of a potential comeback after a steep 60% drop from its May highs. The token, which once soared to $1.6675 during the Consensus event hype, has since crashed to $0.5370 as of June 21. Trading volume has also plunged dramatically, from a February peak
South Korea Set to Approve Crypto ETFs by 2025
South Korea is moving decisively towards allowing spot cryptocurrency exchange-traded funds (ETFs), signalling a major shift in regulatory attitude under the new administration. The country’s Financial Services Commission (FSC) has submitted a comprehensive roadmap to the Presidential Committee on Policy Planning, aiming for a rollout of crypto-backed ETFs by the
16B Password Leak Sparks Crypto Security Panic
A staggering 16B password have been exposed in what could be one of the largest password leaks to date. According to a detailed investigation by Cybernews, the compromised data includes accounts from major platforms like Apple, Google, Facebook, GitHub, Telegram and even government portals. The breach has raised serious concerns
Russia Struggles to Regulate Crypto Mining Despite New Laws
Despite implementing new crypto mining regulations in late 2024, Russia has struggled to bring its vast mining sector into the legal fold. According to Finance Ministry official Ivan Chebeskov, only 30% of the country’s crypto miners have registered with the Federal Tax Service, leaving the majority, nearly 70% operating without
Crypto VC Scammed via Fake Zoom Call
Mehdi Farooq, an investment partner at crypto venture capital firm Hypersphere, has revealed that he lost years of life savings after falling victim to a highly targeted phishing attack involving a fake Zoom call. The elaborate scam cost him six crypto wallets and full control of his laptop. The incident
Nobitex Hacked for $81M in Politically Charged Cyberattack
Iran’s largest crypto exchange, Nobitex, has suffered a major security breach, losing over $81 million in digital assets to an attacker group allegedly linked to Israel. The breach, which exploited the platform’s hot wallets across multiple blockchains, comes amid escalating geopolitical tensions between Iran and Israel, suggesting the hack was
Trump Slams Fed Ahead of Rate Decision, Bitcoin Holds Its Breath
Just hours before the U.S. Federal Reserve’s highly anticipated interest rate announcement, President Donald Trump launched a scathing attack on Fed Chair Jerome Powell, reigniting political pressure on the central bank. Speaking from the South Lawn of the White House, Trump labelled Powell “stupid” and accused him of costing the
