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Bitcoin miners may find better returns in AI than crypto, Novogratz’s Galaxy Digital suggests

Bitcoin miners with the right infrastructure and management talent can gain substantial value by pivoting into the booming AI and HPC data center market, analysts say. As demand for AI infrastructure grows, crypto miners with access to power and cooling could be well positioned to profit from supporting high-performance computing workloads, according to a Galaxy…

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Circle receives Abu Dhabi in-principle approval to operate as a money services provider

Stablecoin issuer firm Circle was recently granted in-principle approval from Abu Dhabi financial authorities to serve as a money services provider in the region. According to an official press release, the Financial Services Regulatory Authority of Abu Dhabi Global Market or ADGM have granted in-principle approval for the stablecoin firm to act as a money…

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Inactive crypto exchanges face deregistration, Australia’s watchdog warns

Australia’s financial intelligence agency is cracking down on inactive crypto exchanges, warning they could be deregistered to prevent misuse by criminals. The Australian Transaction Reports and Analysis Centre — also known as AUSTRAC — said many crypto exchange providers are no longer operating, yet remain on the official register, and now risk being deregistered if…

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