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CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  3. BITCOINCointelegraph

    New York town weighs crypto mining and AI data center ban

    The town of Plattsburgh in New York state held a public hearing to discuss a proposed short-term land use moratorium on high energy computing facilities, including AI data centers and cryptocurrency mining, if approved, it would halt approvals for operations requiring 300 or more kilowatts for 12 months. As of Tuesday, the mayor had not approved the moratorium, and another council meeting is scheduled for September 17. Plattsburgh previously banned Bitcoin mining in 2018 due to residents' concerns about electricity costs, with that moratorium lasting 18 months. Many crypto mining companies have shifted focus toward AI and high-performance computing due to rising power costs and declining token prices.

  5. ALLCointelegraph

    Bybit launches 24/7 perpetuals for major currency pairs

    Dubai-based crypto exchange Bybit has launched USDT-settled perpetual contracts for EUR/USD, GBP/USD, and USD/JPY, offering 24/7 trading and leverage of up to 100x, according to Cointelegraph. These products track underlying currency movements without granting ownership of the currencies and are part of Bybit’s TradFi Perpetuals suite, which now includes over 200 assets across various financial categories. The contracts settle profits and losses in USDT and enable trading even when forex markets are closed. While Bybit is not the first to offer forex perpetuals, with Kraken and BitMEX having introduced similar products earlier, the new offerings expand Bybit’s presence in traditional finance derivatives.

  16. ALLCointelegraph

    Swiss stablecoin sandbox enters testing phase, adds two new partners

    Nine Swiss companies are testing a Swiss franc stablecoin called CHFD in a sandbox environment, with the aim of exploring programmable payments and digital asset settlement, as stated by Cointelegraph. The pilot project is evaluating potential benefits such as reducing online marketplace fraud, improving access to event tickets, and increasing the efficiency of public payments. Financial market operator SIX and payment app TWINT are recent additions to the initiative, which was launched in April and includes various banks. The tests focus on whether these programmable payments can enhance security and operational efficiency.

  18. BITCOINCointelegraph

    Liquid ‘white hats’ return $270M in Bitcoin as network prepares restart

    According to Cointelegraph, purported white-hat hackers returned 3,400 BTC (approximately $270 million) to the Liquid Federation wallet after withdrawing about $320 million from the Liquid network’s reserves. The return followed confirmation from Blockstream that affected bridge nodes had been patched, and about 598 BTC remains outstanding, with ongoing engagement from Blockstream. The incident involved a security breach in which hackers withdrew roughly 4,000 BTC, but the majority of the funds have been returned, restoring much of the backing for Liquid’s L-BTC. Onchain records show the partial return occurred after negotiations embedded in Bitcoin transactions, with some questioning the white-hat label given the partial return and the remaining Bitcoin under the actors' control. The Liquid network remains paused as further security fixes are implemented ahead of a planned restart.

  21. ALLCointelegraph

    Joe Biden’s son to launch memecoin, will send to TRUMP holders: WSJ

    Hunter Biden announced on X that he plans to launch a memecoin called $LAPTOP, with a launch scheduled for Wednesday, and indicated that 20% of the one-billion token supply will be distributed to subscribers, Trump supporters, and investors in Trump’s memecoin, Official Trump (TRUMP). The memecoin is based on reports about Hunter Biden’s laptop, which was scrutinized before the 2020 election, and its contents have continued to be referenced in media and legal disputes. Hunter Biden’s recent comments reflect a critical stance on the Trump family's involvement in crypto, and the $LAPTOP founders will potentially burn up to 30% of the tokens depending on certain political and market outcomes. The launch could increase focus on Trump’s crypto ventures amid ongoing regulatory discussions, including the upcoming CLARITY Act vote in the Senate.