African Nations Eye State Bitcoin Mining as Kazakhstan Sets New Model

Several African countries are exploring state-backed Bitcoin mining as a way to monetize surplus energy and build strategic digital asset reserves.Kazakhstan has introduced a framework requiring industrial miners to contribute part of their Bitcoin production to a planned national crypto reserve.The shift reflects a broader trend of governments treating Bitcoin mining as an energy and reserve management strategy rather than a purely private industry.  African governments are increasingly evaluating state-backed Bitcoin mining as a tool to monetize underutilized energy resources, following a broader global trend that now includes Kazakhstans newly approved framework linking industrial mining directly to a sovereign cryptocurrency reserve.  Africas Energy Advantage Draws Attention  Several African countries possess abundant hydroelectric, geothermal and natural gas resources that remain partially underutilized because of limited transmission infrastructure or weak domestic demand. Rather than leaving excess generation idle, policymakers are increasingly considering Bitcoin mining as a way to convert stranded electricity into digital assets.  The approach has gained momentum as governments search for new sources of revenue, diversify national reserves and attract infrastructure investment without relying exclusively on commodity exports.  While policy frameworks differ across the continent, the common objective is to transform surplus energy into productive economic assets.  Kazakhstan Offers a New Blueprint  Kazakhstan has become one of

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Bitcoin slips below $65K as Trump unveils new global tariffs

Bitcoin has fallen below $65,000 after the Trump administration announced tariffs of 10% to 12.5% on imports from 60 trading partners covering more than 99% of U.S. trade.  CNBC reported that the duties will take effect at 12:01 a.m. ET on Friday, replacing the temporary 10% global tariff scheduled to expire the same day. The Office of the U.S. Trade Representative has linked the measures to what it described as inadequate enforcement against goods made with forced labor.  Bitcoin traded as low as $64,985 on Thursday, July 23, before briefly recovering above $65,000. crypto.news data showed the asset down about 1.5% over 24 hours, with its market capitalization standing near $1.3 trillion.  Selling resumed after details of the tariff plan emerged, leaving the rebound above $65,000 short-lived. Short-interval charts showed consecutive bearish candles during the decline, while CoinGlass recorded rising liquidations of leveraged long positions as traders faced another risk-off development.  The tariff announcement arrived during a difficult session for risk assets. The Nasdaq Composite fell about 2.2% to a four-week low, while the S&P 500 lost 1.2% and the Dow Jones Industrial Average dropped about 507 points.  Escalating tensions between the United States and Iran had already pressured Bitcoin earlier in the day. Al

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Goldman Sachs CEO backs Clarity Act despite banking industry's concerns over stablecoin rules

Solomons endorsement contrasts with growing opposition from other major banking executives, including JPMorgan Chase CEO Jamie Dimon, who have argued that the legislation could put traditional banks at a competitive disadvantage by allowing crypto companies to offer yield-bearing stablecoin products that resemble bank deposits without being subject to the same regulatory framework.  Speaking to Fox Business in May, Dimon said he was dissatisfied with the latest version of the bill because “it allows them to effectively pay interest on deposits, stablecoins or something like that, without protection that they should have.”  “The banks will not accept it that way,” Dimon said. “Im not worried about stablecoins but if it happened Im telling you I will have nothing to do with it and it will eventually blow up.”  JPMorgan has also warned that crypto legislation should close regulatory gaps rather than create new ones. In a blog post published in June, executives at the bank argued that firms offering products that function like traditional bank accounts should face comparable oversight and consumer protections.  The debate over stablecoin rewards has become one of the biggest sticking points in negotiations over the CLARITY Act. Coinbase CEO Brian Armstrong has argued that banks are lobbying lawmakers to restrict

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BitMEX Users Seek 623 BTC in Liquidation Fraud Suit

BitMEX is facing a class action lawsuit accusing the crypto derivatives platform of fraudulently engineering customer liquidations to seize traders Bitcoin collateral.  On Thursday, BKX Services Inc. and David Namdar filed the complaint in the US District Court for the Southern District of New York. The plaintiffs allege they lost a combined 622.66 BTC through forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar alleging losses exceeding 316.85 BTC.  The lawsuit revives long-running allegations about the platforms internal trading operations and liquidation engine and comes just as the exchange is preparing to close in September.  “BitMEX deliberately developed a system that profited from the liquidations,” the plaintiffs alleged. The complaint claimed that an internal trading desk had access to private customer information and could continue trading during server freezes that prevented ordinary users from accessing or closing their positions.  Cointelegraph reached out to BitMEX for comment but did not receive a response before publication.  BitMEX users seek Bitcoin return under fraud claims  According to the filing, BitMEX allowed customers to use leverage of up to 100 times their collateral, then automatically liquidated positions while collateral was still allegedly worth twice the losses incurred.  The remaining BTC was placed into the platforms

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Morning briefing: The US treasury yields are moving

The Dollar Index holds strong above 101 while the Euro has dipped below 1.14, moving as per its intrinsic near-term trend.Euro can soon target 1.1350-1.13. The ECB kept rates unchanged yesterday but has high scope for a rate hike in September. USDJPY continues to rally, targeting 164.50-165 while Aussie and Pound have declined sharply as expected on Dollar strength triggered by the rally in Brent crude price to 102. EURINR looks bullish towards 110.50-111 while USDCNY can trade within 6.75-6.7850 for some time. USDINR is bullish towards 97.  The US Treasury Yields are moving up as expected but at a faster pace.Surge in oil price is pushing the yields higher. The yields can rise further from here. The German Yields are inching up. The bullish view is intact. They have room to rise further. The ECB kept the rates unchanged in its meeting yesterday as expected. A rate hike in September is widely expected now. The 10Yr GoI is moving up. It can rise further from here and then can resume its broader downtrend.  Global equities have turned weaker amid escalating tensions in the Middle East.Dow is attempting to break below 52000 and could decline towards 51500-51000 if the breakdown is sustained.

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Ripple Brings RLUSD to Notabene's Stablecoin Platform

Ripple has made an investment in Notabene, a regulated on-chain transaction network, according to a Thursday announcement. The tie-up will make it possible to expand RLUSDs usage in institutional stablecoin payments.  Merchant Services & Payment Systems  Under the partnership, RLUSD will be integrated into Notabene Flow, which is Notabenes B2B stablecoin payments platform.  The companies will also explore how Notabenes transaction authorization and compliance infrastructure can complement Ripple Payments.  Notabene boasts a rather impressive network of 2,300 institutions across over 100 jurisdictions.  The company supports more than $2 trillion in annualized transaction volume and provides tools for compliance, counterparty verification, and transaction authorization.  Part of mainstream finance  The collaboration comes as financial institutions increasingly explore stablecoins for payments. However, they keep facing challenges around regulatory requirements, risk management, and so on. Notabenes infrastructure is designed to address these issues.  Jack McDonald, SVP of stablecoin at Ripple, has made it clear that the efficiency of settlement rails is not sufficient enough to make sure that stablecoins become fully mainstream. He added that more factors, such as compliance and identity verification, remain key factors for broader institutional adoption.

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Live markets: Bitcoin slides as stocks slump on Iran war expansion, AI spending concern

Intel jumps 8% as revenue tops estimates on AI-driven demand  Chipmaker Intel (INTC) rose about 8% in after-hours trading after reporting second-quarter revenue that beat expectations, helped by strong demand for AI computing and data center chips.  The semiconductor giant posted $16.1 billion in revenue, up 25% from a year earlier, marking its fastest quarterly growth in more than 15 years. Adjusted earnings came in at $0.42 per share, while revenue was driven by a 59% jump in the companys Data Center and AI business.  CEO Lip-Bu Tan said AI demand continues to fuel growth across Intels processor, foundry and advanced packaging businesses.  Intel also issued an upbeat outlook for the current quarter, forecasting $15.8 billion to $16.8 billion in revenue and adjusted earnings of $0.38 per share.  The strong report eased sentiment in tech stocks after a bruising session. Nasdaq 100 futures rebounded from the lows, trimming losses to about 1.6%.

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Robinhood CEO Vlad Tenev's X account hacked to promote token amid memecoin frenzy

SummaryRobinhood said CEO Vlad Tenevs X account was hacked Thursday after it was used to promote a fake memecoin called Vladhood ($VLAD) as the “official Robinhood chain mascot.”The fraudulent post falsely claimed the token would be listed in the Robinhood app and included a blockchain wallet address before being deleted.The incident comes as Robinhoods newly launched blockchain network has rapidly attracted more than $700 million in assets and heavy speculative trading in memecoins.  Robinhood (HOOD) CEO Vlad Tenevs X account was compromised on Thursday and used to promote a fake memecoin as traders have piled into tokens on the brokerages recently-launched blockchain network.  The now-deleted post introduced a token called Vladhood ($VLAD) as the “official Robinhood chain mascot” and falsely claimed it would be listed in the Robinhood app. It included a blockchain wallet address and described the token as part of the companys focus on Robinhood Chain.  “Does Robinhood love memes? The answer is yes,” the post read.  Robinhood later confirmed the account had been hacked.  “Heads up: Our CEO Vlad Tenevs X account was compromised and posted a fake promotion for a meme coin,” the company said through its communications account on X. “Were working with X to restore access and the post

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Fears of AI-driven DeFi hack epidemic overstated for now — but not for long

A wave of high profile crypto hacks in April that many suspected had been orchestrated using sophisticated AI tools to identify smart contract exploits, led to fears that every DeFi protocol was suddenly at risk.  In May, Manuel Aráoz, founder of the blockchain security platform OpenZeppelin, declared “all of DeFi unsafe” following $630 million in crypto losses from exploits in April.  But even as the industry braced for the scenario of DeFi protocols falling like dominoes to agentic AI, the stream of attacks seemed to ebb.  That led Dragonfly managing partner Haseeb Qureshi to declare recently that fears of a DeFi “hackpocalypse” were a “false alarm.” He pointed out that even including Aprils big hacks, the year to date has seen “a lower rate of hacked $ per month” and that the “median hack size by year is also declining.”  So whos right? Are the fears of an AI driven hacking epidemic totally overblown, or is this just the lull before the storm?  “I think the ‘hackpocalypse’ narrative is overstated if it suggests AI has already replaced compromised keys, weak infrastructure and human error as the main causes of Web3 losses,” Stephen Ajayi, Hackens leading offensive security engineer, tells Magazine.  But he adds that doesnt mean

07-24انڈسٹری

Robinhood CEOs X account hacked in apparent memecoin scam

One or more hackers took over Robinhood CEO Vlad Tenevs X account on Thursday after a post appeared promoting a fake memecoin based on the company called “VLAD” and included what appeared to be a malicious token contract address.  The post attracted more than 175,000 views in less than 20 minutes before users identified it as a scam and warned others not to interact with the token.  Source: Vlad Tenev  Robinhood had not confirmed the hack at the time of publication. While the company has expanded aggressively into digital assets, including tokenized stocks, crypto staking, perpetual futures and Robinhood Chain, it has never launched a memecoin.  The compromise was reported by onchain data provider Onchain Lens. Robinhood Chain‘s blockchain explorer has since labeled the token’s contract address as a scam.  Hacks and scams continue to plague the crypto industry, with attackers increasingly shifting toward phishing campaigns, according to Nominis. That trend comes even as the total value stolen through crypto scams has declined in recent months.

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