Category: Bitcoin News

Brazilian solar power producer Thopen is exploring a move into Bitcoin mining as a way to absorb surplus energy generated by the country’s fast-growing renewable sector, the company’s CEO told local outlet BN Americas. Gustavo Ribeiro, who is CEO of Thopen and its majority owner, Pontal Energy, told BN Americas the company is considering expanding into Bitcoin (BTC) mining, according to a Wednesday report. When asked how Thopen plans to address Brazil’s energy oversupply, Ribeiro said the company is mitigating the issue through diversification. He added that the company is…

Avalanche is gaining ground as a preferred blockchain for governments and institutional investors, even as its native token continues to lag far below its all-time high. During the past quarter, Wyoming’s Stable Token Commission issued the first government-backed stablecoin, the Frontier Stable Token (FRNT), on Avalanche and six other public blockchains, signaling a growing adoption of blockchain networks by governments.  FRNT launched as a fully collateralized stablecoin backed by US dollars and short-duration US treasury bills with a mandated 102% reserve requirement, Cointelegraph reported in August. Avalanche has also attracted…

World Liberty Financial (WLFI), a crypto venture affiliated with US President Donald Trump, plans to distribute 8.4 million WLFI tokens worth about $1.2 million to early participants in its USD1 stablecoin loyalty program. The airdrop will reward users who joined the USD1 Points Program, launched two months ago to promote adoption of World Liberty’s US dollar–backed stablecoin. Participants have earned points by trading USD1 pairs on partner exchanges and maintaining balances. “The criteria and eligibility for earning points and rewards and distribution details may vary based on each exchange’s rules,”…

South Korean crypto custodian BDACS plans to issue a won-backed stablecoin, “KRW1,” on Circle’s newly launched blockchain Arc. The Busan-based company signed a memorandum of understanding (MOU) with Circle to develop and deploy KRW1 on Arc, establishing what it called an “organic cooperative framework,” according to a Wednesday report by the Yonhap News Agency. “This collaboration is a meaningful step forward for Korea’s innovation to reach the global stage,” said Ryu Hong-yeol, CEO of BDACS. “By deploying KRW1 on Circle’s Arc, we are opening a gateway for Korean companies to…

World Liberty Financial (WLFI), a crypto venture affiliated with US President Donald Trump, plans to distribute 8.4 million WLFI tokens worth about $1.2 million to early participants in its USD1 stablecoin loyalty program. The airdrop will reward users who joined the USD1 Points Program, launched two months ago to promote adoption of World Liberty’s US dollar–backed stablecoin. Participants have earned points by trading USD1 pairs on partner exchanges and maintaining balances. “The criteria and eligibility for earning points and rewards and distribution details may vary based on each exchange’s rules,”…

Financial services company Western Union has said its stablecoin settlement system, which it announced in its third-quarter earnings call last week, will use the Solana blockchain. Its stablecoin system will consist of the US Dollar Payment Token (USDPT) and the Digital Asset Network, which will be built in partnership with Anchorage Digital Bank, Western Union said on Tuesday The company expects that USDPT will launch in the first half of 2026, providing customer access through partner exchanges to broaden accessibility, similar to how the PayPal USD (PYUSD) stablecoin is listed…

The Norwegian Tax Administration said that more people declared cryptocurrency holdings in 2024 compared to the previous year, following efforts to increase reporting.  In a Tuesday notice, Norway’s tax authority said more than 73,000 people in the country reported owning some form of cryptocurrency in their 2024 returns. The numbers marked about a 30% increase year-over-year from crypto holdings in 2023, and significantly more than in 2019, when only 6,470 people in the country of 5.5 million people declared having digital assets. “It is gratifying that more people are reporting…