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Showing posts from July 19, 2025

πŸ‡ΊπŸ‡Έ The GENIUS Act Is Here: What It Means for the Future of Crypto and Stablecoins. By ChainFabricNews

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Image source: Mudrex  In a historic move that could reshape the entire crypto industry, the United States has finally stepped in with clear regulations. On July 18, 2025 , former President Donald Trump signed the GENIUS Act into law, a new bill aimed at regulating stablecoins —a type of cryptocurrency that’s tied to the U.S. dollar or other stable assets. For years, the crypto community has been asking for clear rules. Now, they’ve got them. But what does it all mean? πŸ’‘ First, What Is the GENIUS Act? The GENIUS Act —short for Guiding and Establishing National Innovation for U.S. Stablecoins —sets up the first official legal framework for stablecoins in the country. Here’s what it includes: Stablecoins must be 100% backed by actual U.S. dollars or Treasury bonds. No more funny business. Monthly audits and clear disclosures will be mandatory. If a stablecoin issuer goes bankrupt, customers will be first in line to get their money back. Issuers have to follow anti...

🌱 Tether Goes Green: Powers Bitcoin Mining with Renewable Energy in Brazil. By ChainFabricNews

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Image source: CryptoSlate  In a move that’s turning heads across the crypto and clean energy worlds, Tether , the company behind the world’s most-used stablecoin USDT , is making big waves in Brazil. In July 2025, Tether announced a surprising but innovative partnership—buying a 70% stake in Adecoagro , a major South American agricultural and renewable energy company. Why does a crypto company want to partner with a farming business? The answer lies in energy—and Bitcoin. πŸ”‹ From Sugarcane to Satoshi Adecoagro produces electricity from renewable sources like sugarcane biomass, wind, and solar. But much of that energy often goes unused. Tether saw an opportunity here: Instead of letting that clean power go to waste, why not use it to mine Bitcoin ? Together, Tether and Adecoagro plan to launch a fully green Bitcoin mining operation in Brazil. This means crypto mining powered entirely by renewable energy—no coal, no oil, just sustainable power. And it’s not just a small side p...

CoinDCX Hacked: $44 Million Lost, But User Funds Are Safe — What You Need to Know. By ChainFabricNews

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Image source: Cointelegraph  In a shocking turn of events, one of India’s biggest cryptocurrency exchanges, CoinDCX , was hit by a major cyberattack on July 19, 2025 , resulting in a loss of nearly $44 million (₹360 crore) . Thankfully, if you're a CoinDCX user, there's some good news — your funds are completely safe . What Really Happened? CoinDCX reported that the hack targeted one of its internal operational wallets . These wallets are used by the company for backend functions like managing liquidity across exchanges, and they are completely separate from the wallets where customer funds are stored. So, while the amount lost is significant, CoinDCX has confirmed that no customer money was affected . The company also said that it will cover the entire loss from its own reserves , ensuring that users don’t feel any financial impact. How Was the Hack Carried Out? Cybersecurity researchers and blockchain experts were quick to track the movements of the stolen crypto. The ha...