Crypto News
Bitdeer is making significant strides in the cryptocurrency mining industry with a massive $240 million investment in Taiwan Semiconductor Manufacturing Company (TSMC) aimed at producing SEAL02 chips. This move is expected to bolster their mining performance to a staggering 40 EH/s. The rollout of the SEALMINER A2 is set for 2025, marking a pivotal development in Bitdeer's strategy to optimize mining efficiency.
Ethereum's price has recently rebounded above the $2,300 mark, despite facing challenges in decentralized finance metrics. This upswing is attributed to the successful deployment of the Pectra upgrade on Ethereum's testnets, which is set to improve scalability and account abstraction. Furthermore, developers have discovered a hotfix for a bug that occurred during the upgrade on the Sepolia testnet.
A significant rally in cryptocurrency markets was noted on March 19, 2025, where Bitcoin, Ethereum, and XRP saw impressive gains. This price surge correlates with the SEC's recent decision to end its long-standing lawsuit against Ripple, leading to a bullish sentiment in the market.
In March 2025, President Trump signed an executive order to create a Strategic Bitcoin Reserve, capitalizing on the federal government's existing bitcoin holdings. This move, placing the U.S. as the largest state holder of bitcoin with approximately 200,000 BTC, has sparked mixed reactions among economists, while some states pursue similar initiatives.
Alex Mashinsky, the founder of Celsius Network, has been sentenced to 12 years in prison for defrauding customers and misusing their funds. This case highlights ongoing regulatory scrutiny in the crypto industry, emphasizing the importance of transparency and security in digital asset investments.
Arizona and New Hampshire have enacted new laws allowing state investments in cryptocurrencies. Arizona's law permits maintaining a reserve of unclaimed crypto, while New Hampshire allows a 5% investment in digital assets. These moves reflect a growing acceptance of cryptocurrencies in government.
The crypto markets experienced a significant surge following President Trump's announcement of the US Crypto Strategic Reserve, including XRP, SOL, and ADA. With Bitcoin crossing $93,000, this move marks a pivotal shift in US policy towards digital currencies, aiming to position the nation as a global crypto hub.
In a startling revelation, South Korean police have confirmed that hackers connected to North Korea's military intelligence stole approximately $42 million in Ethereum in 2019. This incident marks a significant cyberattack that illustrates the growing vulnerability of cryptocurrency exchanges.
Bitcoin's recent rally above $93,000 is fueled by President Trump's announcement of a U.S. Crypto Strategic Reserve. This initiative aims to establish the U.S. as a global crypto hub and enhance institutional adoption. Analysts predict further price rallies as investor confidence grows.
On March 6, 2025, President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve, marking a pivotal moment in U.S. digital asset policy. This reserve, funded by forfeited bitcoins from the Treasury, signifies a major shift in how the government approaches cryptocurrencies.