ChainFabricNews

image source: CNN  Cryptocurrency has come a long way in the past few years, and it looks like its future in the United States is about to get even brighter. President Donald Trump has taken a bold stance on digital currencies, aiming to position the U.S. as the "crypto capital of the planet." This pro-crypto shift could have far-reaching effects on the crypto market, bringing new opportunities and challenges for investors, businesses, and policymakers alike. For starters, Trump’s vision for cryptocurrency is more than just a passing trend—it’s a deliberate attempt to integrate digital currencies into the heart of the U.S. economy. One of the standout proposals from his administration is the creation of a Bitcoin reserve. This would be similar to the way central banks hold gold, offering the U.S. government a solid store of value in Bitcoin. Such a move would be groundbreaking, as it would recognize Bitcoin not only as a digital asset but as a legitimate form of wealth, poten...

image source: Block trainer  In recent months, Iran has faced an increasing number of power outages, leaving many households and businesses in the dark. While power shortages are not uncommon in a country like Iran, the cause behind these recent blackouts has raised eyebrows. Authorities are now pointing to the growing activity of cryptocurrency miners, particularly those involved in Bitcoin mining, as a major factor exacerbating the energy crisis. What’s the Link Between Bitcoin Mining and Power Outages? Bitcoin mining is a process that requires vast amounts of electricity. Miners use powerful computers to solve complex problems, securing transactions and maintaining the Bitcoin network. This is energy-intensive work, with large mining operations using as much electricity as small cities. In Iran, this high demand for power is starting to strain the national grid. While the country does have ample energy resources, the electricity infrastructure has faced significant challenges in...

image source: the express tribune In a major development for the cryptocurrency world, Hong Kong has just approved four new cryptocurrency exchanges, increasing the total number of licensed platforms in the region to seven. This move, announced by the Hong Kong Securities and Futures Commission (SFC) on December 18, 2024, is part of Hong Kong's broader strategy to become a global hub for digital asset trading. This decision marks an exciting shift in Hong Kong’s approach to cryptocurrency, as it moves forward with a well-regulated, crypto-friendly environment that aims to protect investors while fostering innovation. With growing global interest in digital assets, this latest regulatory approval is seen as a big step toward solidifying Hong Kong’s position as a leader in the cryptocurrency space. Hong Kong has long been a financial powerhouse, and it’s using that status to attract more cryptocurrency companies. While mainland China has imposed strict regulations and even a ban on c...

image source: Bussiness matters  Cryptocurrency in the UK has seen some incredible growth recently. New reports show that a record seven million Britons now own crypto assets—an impressive jump from just five million in 2022. With Bitcoin surpassing $95,000 and drawing more attention from both seasoned investors and beginners, it’s clear that digital currencies are no longer just a niche investment. They're quickly becoming an integral part of many people's financial portfolios. The Rise of Crypto Ownership in the UK The surge in cryptocurrency ownership is happening at a time when Bitcoin is reaching new heights. Just last month, Bitcoin hit a record high of over $100,000, and it continues to hold steady around $95,000 as of January 2025. This price spike has made headlines and fueled interest from people who once saw cryptocurrencies as too risky or complicated. Ownership of crypto is growing across the UK, with a special rise in people holding between £1,000 and £10,000 in d...

image source: cryptoslate  In a notable development, Russia has begun using Bitcoin and other cryptocurrencies for international trade. This strategic shift comes in response to the economic sanctions imposed by Western nations. Finance Minister Anton Siluanov recently announced that Bitcoin mined within Russia is now facilitating cross-border transactions, signaling a new direction in the country’s financial strategy. Why Russia Is Turning to Cryptocurrencies The ongoing geopolitical tensions between Russia and Western countries have resulted in severe economic sanctions. These sanctions have targeted key industries such as energy and technology and restricted Russia’s access to financial networks like SWIFT. Faced with these barriers, the Russian government has turned to cryptocurrencies as a way to keep trade flowing. Bitcoin’s decentralized nature makes it an attractive option. Unlike traditional financial systems, Bitcoin operates on blockchain technology, which ensures secure...

image source: the crypto times  India has once again secured its place as a global leader in cryptocurrency adoption, ranking first on the Global Crypto Adoption Index for the second consecutive year. This accolade, highlighted in a recent report by blockchain analytics firm Chainalysis, reflects India’s growing prominence in the digital currency space, even as the nation navigates regulatory challenges and high taxation policies. What’s Driving India’s Crypto Boom? Several factors have contributed to India’s meteoric rise in cryptocurrency adoption: Tech-Savvy Population : With a large, youthful demographic that is increasingly tech-savvy, India has a natural affinity for digital innovations like cryptocurrency. Rapid Digitization : The widespread use of smartphones and high-speed internet has made it easier for Indians to access and trade cryptocurrencies. Financial Inclusion : Cryptocurrencies are providing financial services to the unbanked and underbanked populations, particul...