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The report highlighted that some lawmakers in Texas have questioned the role of BTC mining as an alternative to gas peaker plants, even as ERCOT and peer-reviewed studies confirm its positive impact on grid stability.
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Despite the advantages of BTC mining, the industry faces resistance from corporate and political entities, such as lobbying by Berkshire Hathaway Energy, according to the DARI report.
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@gillidar1 The environmental implications for this flexibility enable electrical grids to incorporate more renewable energy sources like wind and solar power, which can go underutilized due to their intermittency in energy production.
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Before the bill is signed into law, it must go through three readings, which comprise a series of debates, examinations and potential amendments. When the bill passes the third reading, it will be forwarded to the region’s chief executive, who can sign it into law.
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On Dec. 6, the Hong Kong government published the bill in the special administrative region’s Gazette, moving it closer to becoming law. On Dec. 18, the bill was forwarded to the Legislative Council of Hong Kong for its first reading.
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Hong Kong’s proposed Stablecoins Bill has entered the Legislative Council, moving the region closer to forming a comprehensive regulatory regime for stablecoins.
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The increase in the frequency of attacks that yielded higher profits to the tune of $50-100 million suggests that the DPRK has improved its hacking methods, allowing it to conduct more lucrative exploits.
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And in a worrying sign for 2025, sophisticated attacks by North Korean agents are increasing despite an overall decrease in the total number of attacks, wrote Chainalysis:
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The $1.34 billion represents over 61% of the total crypto value stolen during 2024 and more than 20% of the total hacking incidents.
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During 2024, North Korean hackers stole over $1.34 billion worth of digital assets across 47 incidents, marking a 102% increase from the $660 million stolen in 2023, according to Chainalysis data.
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North Korea-affiliated hackers have become a major threat to the security of the crypto space.
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The sanctions came after another big year for crypto hackers, who stole $2.3 billion worth of crypto in 2024, a 40% increase over the value stolen in 2023.
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Another sanctioned worker, Kim Ryu Song, was indicted by US lawmakers on Dec. 11 for violating sanctions, money laundering and identity theft in generating more than $88 million of revenue over six years, according to South Korean media reports.
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Crypto trading platforms in Brazil have been applying KYC measures since 2019, Souza noted, referring to the fact that peer-to-peer (P2P) transactions remain free of such restrictions.
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BCB’s potential stablecoin restrictions aim to prevent stablecoin transactions from occurring outside Brazilian trading platforms, Area Bitcoin school co-founder Carol Souza told Cointelegraph.
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As Brazil’s central bank is expected to finish public consultations regarding the potential ban in February next year, several execs have assessed its potential impact on the local market.
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Stablecoin use has been on the rise in Brazil as citizens have been increasingly hedging against plummeting national currency, the Brazilian real, by purchasing US dollar-pegged stablecoins.
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Brazil’s potential decision to ban stablecoin transfers to self-custodial wallets would only trigger a further shift to decentralization, industry executives say.
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Into The Cryptoverse founder Benjamin Cowen wrote to X on Dec. 4 that he thinks “the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months.”
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It comes not long after a crypto analyst said that Ether’s underperformance against Bitcoin may be nearing its end.
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