Smaller mining firms rapidly expand hashrate and debt, reshaping the Bitcoin mining landscape The Bitcoin mining sector is undergoing a significant transformation as mid-tier mining companies rapidly scale operations, narrowing the gap with established leaders in hashrate and production efficiency. Following the 2024 Bitcoin halving, competition among miners has intensified, signaling a potential reshaping of industry power dynamics. According to industry research, firms like Cipher Mining, Bitdeer, and HIVE Digital have shown strong year-over-year growth in realized hashrate, thanks to aggressive infrastructure investments. This expansion has brought them closer to major players such as MARA Holdings, CleanSpark, and Cango, who…
Author: Blockto Team
Weak manufacturing data may stretch Bitcoin’s market cycle beyond historical norms The Institute for Supply Management (ISM) Manufacturing PMI — a key measure of U.S. industrial health — may hold critical clues about the length and trajectory of the current Bitcoin cycle, according to market analysts. Historical data shows that Bitcoin’s major price peaks often coincide with ISM PMI tops, suggesting a potential delay in the next market climax as U.S. manufacturing remains weak. The ISM Manufacturing PMI has stayed below the neutral 50 threshold for seven consecutive months, signaling a continued contraction in industrial activity. Traditionally, readings above 50…
Central Asian nation unveils KGST stablecoin, recognizes digital som as legal tender, and forms cryptocurrency reserve Kyrgyzstan has officially launched its national stablecoin KGST, pegged 1:1 to the Kyrgyz som, marking a significant step in the country’s growing adoption of blockchain technology and digital assets. The initiative is part of a broader strategy to modernize the nation’s financial system and position Kyrgyzstan as a regional hub for digital innovation. According to official statements, the KGST stablecoin is registered in the State Register of Digital Assets and will operate separately from the upcoming USDKG, a dollar-backed token expected to be supported…
Tax authorities double warning letters as exchange data sharing expands under global reporting rules British crypto investors may still owe taxes even if they haven’t received a warning from HM Revenue & Customs (HMRC), experts caution, as the agency intensifies efforts to track undeclared digital asset gains. According to the Financial Times, HMRC issued nearly 65,000 “nudge letters” during the 2024–25 tax year — more than twice the number sent the previous year. The letters urge individuals to review past filings and voluntarily disclose crypto profits before facing potential audits. But tax specialists say the letters are just the tip…
The move marks a major step toward blockchain adoption by traditional U.S. banking networks Early Warning Services (EWS), the parent company behind Zelle, announced plans to integrate stablecoins into its payments infrastructure to enable faster and cheaper cross-border transactions to and from the United States. The initiative marks one of the most significant blockchain integrations by a mainstream U.S. financial network, reflecting the growing influence of stablecoins as global settlement tools. Launched in 2017, Zelle already facilitates instant domestic payments between users through integrations with major U.S. banks. With stablecoin rails, Zelle aims to extend that speed and reliability to…
Advanced language models automate reconnaissance, phishing and cross-chain exploits — forcing exchanges to adopt continuous, AI-aware security A surge in AI-driven attacks has transformed small, state-backed hacking cells into highly efficient crypto theft machines, security experts say. Researchers attribute recent large-scale breaches to attackers who now use advanced models to scan codebases, identify vulnerabilities and replicate exploits across multiple blockchains in minutes. The strategy has already produced eye-popping results: investigators estimate North Korean-linked groups have stolen roughly $2 billion in crypto so far this year, including an alleged $1.5 billion breach of a major exchange in February. The most notorious…
USDt adoption fuels record-breaking profits and reinforces Tether’s global market dominance Tether Holdings Ltd., the world’s largest stablecoin issuer, is on track for another record year of profitability, projecting $15 billion in net profit for 2025, according to figures shared with Bloomberg. The projection marks a substantial increase from the $13 billion earned in 2024, cementing Tether’s place among the most profitable financial technology firms globally. The El Salvador–based company continues to dominate the $300 billion stablecoin market, largely driven by the popularity of USDt, its flagship digital dollar, which now boasts nearly $186 billion in circulation — accounting for…
Traders anticipate a decisive move as Bitcoin holds key support within a narrowing channel, signaling potential for renewed volatility Bitcoin (BTC) is holding firm above the $111,000 mark, consolidating after a volatile week that saw strong buying activity lift prices from a major support region near $107,000. The current pattern suggests the market is in a pre-breakout phase, awaiting a catalyst that could determine the direction of the next major move. At press time, BTC/USDT is trading around $111,517, reflecting a modest 0.46% daily gain. The chart structure indicates that Bitcoin has broken out of a descending channel, with prices…
Luxury automaker expands its crypto strategy with Conio partnership ahead of 2027 debut Ferrari is accelerating its push into the digital asset space, unveiling plans to launch a blockchain-based token that will let select clients bid on the Le Mans-winning Ferrari 499P, one of the brand’s most celebrated endurance race cars. According to a report shared with Reuters, the “Token Ferrari 499P” will debut in partnership with fintech firm Conio, targeting Ferrari’s Hyperclub — a private circle of just 100 elite clients known for their devotion to high-performance motorsport. “This initiative is about strengthening the sense of belonging among our…
Industry leaders see new opening for Binance in the US after Donald Trump pardons founder Changpeng Zhao Changpeng “CZ” Zhao, the founder of Binance, has been officially pardoned by US President Donald Trump, reigniting widespread speculation that the world’s largest crypto exchange could stage a return to the United States. Following the pardon, CZ posted on X (formerly Twitter): “Will do everything we can to help make America the capital of crypto and advance Web3 worldwide.” His account bio also changed from “ex-Binance” back to simply “Binance,” a move seen by analysts as symbolic of a potential comeback. According to…