Author: Kryptonews

Key NotesBitfarms sold its 70MW Paso Pe mining site in Paraguay for up to $30 million.The sale marks a complete exit from Latin America for the company.The buyer is the Sympatheia Power Fund, managed by Singapore-based Hawksburn Capital. Bitfarms will sell its 70-megawatt Paso Pe Bitcoin mining site in Paraguay for up to $30 million, completing its exit from Latin America. The company announced the deal on January 2, identifying the buyer as the Sympatheia Power Fund (SPF), a crypto infrastructure fund managed by Singapore-based Hawksburn Capital. Shares of Bitfarms (BITF) rose over 4% in pre-market trading to $2.44 following…

Ilya Lichtenstein, who was sentenced to five years in prison in November 2024 after pleading guilty to charges tied to the 2016 Bitfinex cryptocurrency exchange hack, was released from prison after just 14 months behind bars.“Thanks to President [Donald] Trump’s First Step Act, I have been released from prison early,” Lichtenstein said on X on Thursday. “I remain committed to making a positive impact in cybersecurity as soon as I can.”Trump signed the First Step Act, a prison and sentencing reform bill proposed and approved by legislators in 2018, purportedly aimed at saving taxpayers money.Lichtenstein thanked his supporters and criticized…

Russia’s Ministry of Justice has proposed new fines for unregistered cryptocurrency miners. This comes after the finance minister raised concerns about the rise in unauthorized mining activities.A draft bill proposed by the ministry would impose a fine of 1.5 million rubles (about $19,000) and up to two years in a labor colony. Illegal mining involving “outsized profits” could see a maximum of five years in prison, 480 hours of forced labor and a fine of up to 2.5 million rubles.Unregistered miners are a growing problem in Russia, where only 30% have registered their operations as of June 19, according to…

Caroline Crenshaw, the sole Democratic member leading the US Securities and Exchange Commission (SEC), will be departing the agency this week after serving more than five years.Crenshaw is expected to depart the SEC by Saturday, marking 18 months after her term ended in June 2024. Commissioners are permitted to continue work at the agency, provided the Senate has not confirmed a replacement.The Democratic commissioner, who was sworn into office in August 2020, has often been critical of the agency’s approach to digital assets. She spoke out against the SEC settling its enforcement case with Ripple Labs, and warned that weakening…

Monahan said Coinbase was warned for months before major exploits, yet leadership still prioritizes onboarding users over fixing vulnerabilities. Crypto security researcher Taylor Monahan has publicly slammed Coinbase CEO Brian Armstrong and accused the exchange’s leadership of prioritizing growth over user safety. Security failures tied to Coinbase Commerce resurfaced as Armstrong unveiled the company’s 2026 roadmap. Old Wounds, New Roadmap Responding to Armstrong’s tweet about Coinbase’s top priorities for 2026, which focused on expanding a global “everything exchange,” scaling stablecoins and payments, and bringing the world on-chain through Base, Monahan argued that user protection remains noticeably absent. She wrote, “Brian…

BitVentures Limited has entered the cryptocurrency mining sector, launching a new digital assets business less than two weeks after rebranding to reflect its new focus on blockchain-related ventures.The Hong Kong–based technology company said it has acquired fleets of mining hardware from Bitmain, including three types of Antminer machines, to mine Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE), according to a Friday report from Investing.com.The company said the acquisition includes 0.5 megawatts of power capacity across data centers in the United States, with deployment of the mining equipment expected later this month.BitVentures described the mining operation as the foundation of a…

With each passing year, new artworks are shorn of their copyright protections and entered into the public domain, allowing them to be used freely, without express permission from the estates that steward these pieces. This year, pieces by Salvador Dalí, José Clemente Orozco, and others of note have officially joined the public domain. There are some important exceptions about how these artworks can be used, however. In theory, in keeping with US copyright law, which states that a copyright lifts after 95 years unless it is renewed, any artwork produced in 1930 would now be rid of protections guiding it.…

Key Takeaways Senator Lummis is urging Congress to pass legislation for the crypto market to establish clear jurisdiction. Vague rules are currently pushing digital asset companies out of the US, according to Lummis’ statement. Share this article Senator Cynthia Lummis, a Wyoming lawmaker and prominent crypto advocate, called on Congress today to pass market structure legislation for digital assets. “For far too long, unclear rules have pushed digital asset companies offshore,” Lummis said via her official X account. “Our market structure legislation changes that by establishing clear jurisdiction, strong protections, and ensuring America leads the way.” The bipartisan bill aims…

The fourth quarter of 2025 proved to be a challenging period for crypto markets, with most major assets ending the year in negative territory. Despite fear and caution dominating the market, some analysts believe that a rebound may yet materialize. Market experts have identified three key signals that could point to the start of a potential altcoin season in 2026.Sponsored Bullish Divergences Signal Potential Altcoin ReversalThe first key signal is the formation of bullish divergences on weekly charts across several altcoins. This occurs when price hits lower lows but indicators, like the Relative Strength Index (RSI), form higher lows, suggesting…

The company’s energy operations will become “100% North American” following the sale of the Paraguayan site.Bitcoin mining company Bitfarms announced a complete exit from the Latin American market following a $30 million sale of a Paraguayan facility.In a Friday notice, Bitfarms said it had reached an agreement with the Sympatheia Power Fund for its 70 megawatt (MW) facility in Paso Pe, Paraguay. Under the deal, the power company will acquire shares of the Bitfarms subsidiary that holds the assets for the facility, with the crypto miner receiving $9 million in cash in the first quarter of 2026 and $21 million…