Bitcoin hashrate drops 8% after Xinjiang mining shutdown

Bitcoin network sees significant hashrate decline I was looking at the Bitcoin network data this morning, and something caught my eye. The hashrate—that’s the total computing power securing the network—dropped by about 8% in just 24 hours. That’s not a small fluctuation; it represents roughly 100 exahashes per second going offline. When you see numbers…

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South Korea misses stablecoin bill deadline amid regulatory disputes

Regulatory deadline passes without stablecoin proposal South Korea’s Financial Services Commission missed a December 10 deadline to submit a draft stablecoin bill. The regulator said it needed more time to coordinate positions with other agencies. This delay comes as lawmakers and financial authorities continue to debate fundamental questions about who should be allowed to issue…

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Nexo acquires Argentine crypto exchange Buenbit for Latin American expansion

Major acquisition in Latin American crypto space Nexo, the digital assets platform managing over $11 billion, has made a significant move into Latin America. They’ve acquired Buenbit, an Argentine cryptocurrency exchange that’s registered with the country’s national securities commission. The deal amount wasn’t disclosed, but it’s being called one of the largest acquisitions in the…

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Policymakers dominate CoinDesk’s 2025 crypto influence rankings

Political Figures Lead Crypto Influence Rankings CoinDesk released its annual Most Influential list this week, and the results show something interesting. For 2025, policymakers—especially American ones—took center stage. U.S. President Donald Trump topped the list as the first individual recognized, which makes sense when you think about it. He’s signed executive orders, pushed Congress on…

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Poland’s government urges president to sign crypto bill after veto

Polish government pushes crypto legislation despite presidential veto Poland’s government has reintroduced a cryptocurrency bill that President Karol Nawrocki vetoed just last week. Prime Minister Donald Tusk is now urging the president to sign the legislation, citing what officials describe as national security threats linked to Russia and other former Soviet states. The bill, formally…

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Revolut partners with Trust Wallet for EU crypto purchases

Major Banking Partnership Expands Crypto Access in Europe Revolut, the British digital banking platform, has teamed up with Trust Wallet to offer cryptocurrency purchasing services across the European Union. This partnership means Trust Wallet users can now buy digital assets directly through Revolut’s payment infrastructure, which includes Revolut Pay, credit cards, debit cards, and bank…

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Bubblemaps alleges 30% of PEPE genesis supply was bundled at launch

Blockchain data challenges PEPE’s fair launch narrative New analysis from blockchain data visualization platform Bubblemaps is raising questions about the memecoin PEPE’s original launch story. According to their findings, about 30% of the token’s initial supply was bundled together at launch in April 2023. This contradicts the project’s branding as a “coin for the people”…

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