Georgia targets illegal crypto mining after Mestia power surge
Georgia will install meters in Mestia after officials said illegal crypto mining drove 2025 power use to 133M kWh and caused $9.4M losses.
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Georgia will install meters in Mestia after officials said illegal crypto mining drove 2025 power use to 133M kWh and caused $9.4M losses.
The XRP open interest has fluctuated over the last year, moving from peaks to lows as the market has struggled to determine a direction. Now, the tides look to be changing as the open interest seems to be maintaining a steady uptrend, moving toward levels not seen since 2025, and this could have some bullish […]
The post Neobanks and digital assets emerge as fintech’s next growth engines: report appeared on BitcoinEthereumNews.com. Neobanks and digital asset businesses have emerged as key growth engines for fintech firms, which have delivered record profitability with average EBITDA margins of 20%, and 74% of major public players reporting profits in 2025, according to a new report. Summary Fintech revenues topped $500 billion in 2025 as digital assets, AI adoption, and expanding financial services helped fuel industry growth. Leading neobanks are moving into lending, wealth management, insurance, and cross-border payments, increasing competition with traditional banks. Fintech firms completed more acquisitions than banks in 2025, with digital assets, compliance, and AI emerging as major deal drivers. According to the Global Fintech Report 2026, published by Boston Consulting Group (BCG) and FT Partners, fintech revenues exceeded $500 billion last year after growing 22%, a pace the report said
Neobanks and digital asset businesses have emerged as key growth engines for fintech firms, which have delivered record profitability with average EBITDA margins of 20%, and 74% of major public players reporting profits in 2025, according to a new report.…
The post Bitcoin Spot Volume Crashes 81% Since October 2025, Echoing The 2023 Bear Market End appeared on BitcoinEthereumNews.com. Bitcoin’s spot trading volumes have dropped 81% since October 2025, according to a market note from CryptoQuant. The decline, tracked by analyst Darkfost, echoes a pattern last seen in late 2022 and early 2023, right before the bear market ended and volatility returned. That earlier episode is instructive. In the first quarter of 2023, spot volumes dried up to multi-year lows as BTC consolidated between $16,000 and $18,000. What followed was a sharp breakout that carried Bitcoin to new highs over the next two years. The current crunch feels similar—daily participation has been thinning for months, and on-chain transfer volume alongside exchange activity has settled into a lethargic range. When Spot Volumes Collapse Collapsing volume in a mature asset often signals exhaustion. Sellers who panicked during the downturn have already exited. Buyers are sitting o
The post SK Hynix Crosses $1 Trillion Valuation After 240% Rally in 2025 appeared on BitcoinEthereumNews.com. Key Takeaways SK Hynix achieved a $1 trillion valuation this week, marking only the second time a South Korean firm has reached this historic benchmark. Shares have skyrocketed 240% year-to-date, with gains exceeding 80% in May alone. First-quarter revenue surged nearly three times to 52.6 trillion won ($34.8bn), while operating profit jumped fivefold. The chipmaker commands 57% of the high-bandwidth memory (HBM) sector and secured roughly 70% of Nvidia’s Vera Rubin HBM supply contracts. American investors currently lack direct access, but the Roundhill Memory ETF (DRAM) — trading near $60 — allocates 27% to SK Hynix as its second-biggest holding. SK Hynix entered an elite tier of global corporations this week, surpassing the $1 trillion market capitalization mark amid unprecedented AI-fueled appetite for advanced memory solutions. SK hynix Inc. (000660.KS) The South Korean sem
As the CFTC and Gemini work together to seek a court's reversal of a 2025 settlement, one of the agency’s former chairs said the public “deserves a better explanation.”
The people deciding that AI can replace your job are also the ones least likely to understand what your job truly involves, according to Box founder Aaron Levie, who pointed to this as an example of “AI psychosis.” Indeed, ClickUp recently cut 22% of its workforce for AI agents, tech layoffs in 2026 are already nearly matching all of 2025, […]
The post Canada annualized Gross Domestic Product contracts 0.1% in Q1 appeared on BitcoinEthereumNews.com. Canada’s Gross Domestic Product (GDP) was unchanged on a quarterly basis in the first quarter of 2026 following the 0.2% contraction recorded in the last quarter of 2025, Statistics Canada reported on Friday. In this period, the annualized GDP declined by 0.1%, falling short of the market expectation for a growth of 1.5%. On a monthly basis, the GDP contracted by 0.1% in March. Market reaction USD/CAD edged higher with the immediate reaction to disappointing GDP data and was last seen rising 0.25% on the day at 1.3820. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate
Sui (SUI) trades between $1.06 and $1.24 in late May 2026, recovering from a winter that took it 79% below its January 2025 high of $5.35. Two specific events on May 9 and 10 drove an 18% jump. A Nasdaq-listed…
With the progression of the crypto market in 2025, one interesting trend is emerging in the sense that the allocation patterns among the large market holders and the retail investor communities are drifting apart. On one hand, the retail investors are still observed to remain anchored to the blue-chip assets
Payment volume on crypto-linked credit and debit cards has been steadily increasing since 2024, reaching about $7.8 billion in cumulative transactions this month.