New Bitcoin ATMs Signal Expansion of Crypto in Kenya Kenyaâs cryptocurrency landscape is facing its first major regulatory test as Bitcoin ATMs have been spotted in major shopping malls across Nairobi. This comes shortly after the implementation of the countryâs Virtual Assets Service Providers Act (VASP Act) 2025, which establishes a legal framework for cryptocurrency operations. Local reports confirmed the presence of new ATMs branded âBankless Bitcoinâ installed alongside traditional banking kiosks, offering cash-to-crypto services to the public. While Bitcoin ATMs have existed in Kenya in the past, their presence in mainstream retail spaces marks a significant development in crypto…
Author: Blockto Team
National utility TNB identifies nearly 14,000 sites involved in siphoning electricity, prompting stronger monitoring and enforcement measures. Malaysiaâs national utility company, Tenaga Nasional Berhad (TNB), has revealed more than $1.1 billion in losses tied to electricity stolen by illegal crypto mining operations over the past five years. The findings, disclosed in a recent parliamentary filing, highlight the growing financial and infrastructure strain caused by unlicensed mining activity across the country. Massive Scale of Illegal Power Use According to the energy ministry, TNB identified 13,827 premises illegally diverting electricity for cryptocurrency mining from 2020 through August 2025. The unauthorized consumption resulted…
Matrixport Says Corporate Bitcoin Giant Faces No Immediate Risk of Forced Liquidation The latest downturn in the crypto market has renewed scrutiny of corporate Bitcoin treasury models, but new research indicates that Strategy â the worldâs largest corporate holder of Bitcoin â may be far more resilient than critics suggest. A fresh analysis from Matrixport argues that there is no near-term risk of the company being forced to liquidate its Bitcoin reserves to service debt, despite recent turbulence. Matrixport: No Threat to Treasury Stability Matrixportâs analysts noted that while Bitcoinâs sharp pullback raised concerns about the durability of heavily levered…
BNB Faces Growing Selling Pressure After Repeated Breaks of Structure Binance Coin (BNB) is struggling to regain bullish momentum after failing multiple attempts to break back above the $1,000 psychological level. Fresh technical readings from the 4-hour chart show a clear shift in market structure, with successive CHoCH and BOS signals marking a broad transition from strength to weakness. The inability to reclaim lost support zones indicates that sellers remain firmly in control. BNB Stalls Beneath Key Supply Zones The chart shows that BNB has been unable to climb back into the mid-range supply area between $1,030 and $1,150, a…
Lawmakers call for a federal probe into World Liberty Financial amid claims of token sales to sanctioned wallets, while analysts say some evidence may be misinterpreted. World Liberty Financial (WLFI), a fast-growing crypto firm associated with the Trump family, is under mounting scrutiny after two U.S. senators warned that the companyâs token distribution may have exposed national security vulnerabilities. Their concerns center on allegations that WLFI governance tokens were purchased by blockchain addresses linked to sanctioned entities in North Korea, Russia, and Iran, raising questions about compliance standards and potential foreign influence. Senators Cite National Security Threat In a letter…
Matt Hougan argues that long-term demand for Bitcoinâs wealth-storage utility outweighs short-term price volatility. Bitwise Chief Investment Officer Matt Hougan is pushing back against growing concerns of a prolonged Bitcoin downturn, saying the assetâs resilience comes from a deeper, structural source: its role as a digital wealth-storage service. In a memo circulated to clients, Hougan said recent volatility does not alter Bitcoinâs long-term trajectory, especially as institutional demand continues to accelerate. Bitcoinâs Pullback Seen as Temporary Bitcoin is down roughly 27.5% from its October peak of nearly $126,000, briefly dropping under the $90,000 threshold earlier this week. Despite the correction,…
Despite Bitcoin holding near $91K, IBIT logs its largest withdrawal since launch, while analysts say most ETF buyers remain near breakeven. BlackRockâs flagship Bitcoin ETF, IBIT, saw a sharp reversal this week as it posted its largest single-day outflow since trading began in early 2024. The withdrawalâtotaling $523.2 millionâcomes during a month already defined by unusually heavy redemptions across U.S. spot bitcoin ETFs. Yet, even amid the turbulence, market data suggests that the average investor remains close to breakeven, underscoring a complex shift in sentiment rather than outright panic. Record Outflows Hit IBIT According to recent market data, IBIT recorded…
Momentum Improves After Weeks of Decline, but Strong Resistance Looms Ahead Aptos (APT) moved higher on Tuesday, climbing nearly 4% to trade around $2.87 after dipping toward multi-month lows earlier this week. The modest rise marks a rare pause in a prolonged downtrend that has dominated the tokenâs price action since early autumn. Market analysts suggest that the latest bounce may signal early accumulation, though the broader structure still leans bearish. APT Technical Structure Shows Early Signs of Stabilization The daily chart reveals APT attempting to recover from a deeper sweep into the $2.70â$2.80 liquidity zone, an area that repeatedly…
Senate aims to finalize legislation to define clear crypto regulations and bolster U.S. market leadership Senate Banking Committee Chair Tim Scott has announced plans to advance a crypto market structure bill in December, aiming to send it to President Donald Trump for early 2026 enactment. The legislation is intended to clarify the regulatory framework for digital assets, potentially positioning the U.S. as a global leader in crypto markets. Senate Moves Toward Crypto Regulation Scott told reporters that the committee has been negotiating with Democrats but accused them of delaying progress. âNext month, we believe we can mark up in both…
New platform appears to integrate with Kalshi as demand for event-based trading surges Coinbase appears to be preparing a major expansion into the rapidly growing prediction markets industry, according to newly surfaced screenshots showing a dedicated platform under development. The move would position the exchange to compete directly in one of the fastest-rising segments of digital finance, where event-based contracts tied to real-world outcomes are attracting record trading volumes. Coinbase Tests Prediction Market Platform Newly shared screenshots circulating online indicate that Coinbase is building a prediction markets website backed by Kalshi, a regulated platform offering event-based derivatives. The images show…