Digital Currency Group spins out new crypto mining subsidiary

    Venture capital company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets. According to a Jan. 29 announcement on the X social media platform, Fortitude Mining has been established as DCG’s standalone mining business. Previously, the mining…

    Hong Kong SFC grants first crypto licenses of 2025

    The Securities and Futures Commission (SFC) of Hong Kong issued the first set of operational licenses of 2025 to two crypto trading platforms. The regulator has issued seven crypto licenses in total since it started a licensing drive in mid-2024. On Jan. 27, the SFC awarded operational licenses to two Hong Kong-based crypto exchanges — PantherTrade…

    Crypto mining stocks loss extend, tech stocks steady after DeepSeek scare

    Crypto mining stocks have closed down for the second consecutive day as major tech stocks regained their footing after the US market was rocked by an artificial intelligence model from China’s DeepSeek, triggering concerns about the overvaluation of the country’s AI scene. Crypto mining firm Riot Platforms (RIOT) closed down 4.37% on Jan. 28, while…

    Trump executive order raises EU concerns over USD stablecoin dominance

    US President Donald Trump’s executive order on the country’s leadership in digital financial technology has escalated the European Union’s concerns around US dollar dominance in the stablecoin market. European Central Bank (ECB) executive board member Piero Cipollone addressed the digital euro’s role in supporting Europe’s financial and strategic autonomy at a panel of the 13th ILF Conference…

    Crypto exchange launches to address security and liquidity needs in trading

    The cryptocurrency industry has seen remarkable growth over the last few years, with the total market cap way past $3 trillion. However, the space still grapples with issues that may unsettle both novice and experienced users. Security vulnerabilities are a constant threat. Hackers can exploit vulnerabilities to steal funds or personal data, with such incidents causing…

    Blockchain identity platform Humanity Protocol valued at $1.1B after fundraise

    Decentralized identity platform Humanity Protocol has secured $20 million in venture funding to compete with the likes of World Network in the push for onchain identity solutions. Humanity’s funding round was backed by venture capital firms Pantera Capital and Jump Crypto at a fully diluted valuation of $1.1 billion. The funds will be used to…