New digital assets strategy marks company’s first operational step into blockchain sector Hong Kong–based BitVentures Limited has officially entered the cryptocurrency mining industry, launching a US-based mining operation just weeks after completing its Nasdaq rebrand. The move represents the company’s first direct operational involvement in digital assets, following several years of financial losses and declining shareholder value. According to recent disclosures, BitVentures acquired multiple fleets of Antminer hardware from Bitmain, covering machines designed to mine Bitcoin (BTC), Litecoin (LTC), and Dogecoin (DOGE). The acquisition includes 0.5 megawatts of power capacity across US data centers, with full deployment expected later this…
Author: Bitxjournal Team
Small Losses, Wide Impact Raise New Cybersecurity Alarms Hundreds of Ethereum Virtual Machine (EVM) wallets have been quietly drained in a coordinated attack that targeted users across multiple blockchain networks. While individual losses were relatively small, the scale and automation of the exploit have raised serious concerns about wallet security and phishing-based attacks in the crypto ecosystem. Onchain investigators report that each affected wallet lost less than $2,000, suggesting a strategy designed to avoid immediate detection while maximizing reach. The activity spans several EVM-compatible chains, pointing to a broad, non-chain-specific exploit rather than a single protocol failure. Cybersecurity researchers believe…
CryptoQuant data shows exchange wallet activity distorting whale metrics, while long-term holders quietly shift to accumulation Claims that Bitcoin whales are aggressively accumulating large amounts of BTC are largely overstated, according to new onchain analysis. Data suggests that the broader market structure has not materially shifted, even as Bitcoin trades near key psychological levels. Why Whale Accumulation Metrics Are Misleading According to CryptoQuant, widely shared data pointing to massive Bitcoin whale accumulation is skewed by exchange-related wallet activity. Cryptocurrency exchanges frequently consolidate funds from many smaller wallets into fewer large addresses for operational and regulatory purposes. This process artificially inflates…
Proposal aims to prepare for future stock splits and capital flexibility as Ether-linked valuation rises BitMine’s chairman has proposed a dramatic increase in the company’s authorized share count, arguing the move is necessary to support long-term growth and maintain accessibility for retail investors as the firm’s valuation tracks Ether prices. Details of the Share Increase Proposal Tom Lee urged shareholders to approve a plan to raise BitMine’s authorized shares to 50 billion from 50 million, representing a 1,000x increase. He emphasized that the proposal sets a maximum share limit and does not mean the company will immediately issue new shares.…
Exchange tightens oversight as Flow blockchain works to restore ecosystem following security breach Binance has taken decisive action against the FLOW token following a recent security incident on the Flow blockchain, signaling increased risk scrutiny after an exploit resulted in millions of dollars in losses. Binance Removes FLOW/BTC Trading Pair In a Friday announcement, Binance confirmed it will delist the FLOW/BTC spot trading pair as part of a broader cleanup that removes nine spot trading pairs from the platform. The delisting is scheduled to take effect on Saturday and reflects Binance’s ongoing review of trading activity, liquidity, and risk exposure.…
Stani Kulechov calls for expansion beyond DeFi lending as community debates governance, value capture, and long-term growth Following a contentious governance vote, Aave founder and CEO Stani Kulechov has presented a broader strategic vision for the protocol, signaling a push to transform Aave beyond its core decentralized finance lending model and redefine how tokenholders benefit from the ecosystem. Governance Vote Sparks Strategic Reset The debate was triggered after Aave tokenholders rejected a proposal to transfer brand assets and intellectual property to the protocol’s decentralized autonomous organization. The outcome highlighted growing tension around governance structure, revenue ownership, and long-term control, prompting…
Bitcoin miner completes LatAm exit as it redirects capital toward U.S.-based AI and high-performance computing data centers Bitcoin mining company Bitfarms has finalized its strategic withdrawal from Latin America with the sale of its remaining Paraguay operations, marking a decisive shift toward North American energy and data center infrastructure tailored for artificial intelligence and high-performance computing. Bitfarms Paraguay Asset Sale Details Bitfarms agreed to sell its 70-megawatt Paso Pe site in Paraguay for up to $30 million. The transaction includes $9 million in upfront cash at closing, with an additional up to $21 million contingent on post-closing milestones expected over…
Rising trading activity helps ICP regain a key psychological level, shifting focus to near-term support and resistance zones. Internet Computer (ICP) has climbed back above the $3.00 price level, marking a notable short-term recovery after recent weakness. The move reflects improving momentum and renewed trader interest as the market reassesses ICP’s near-term direction. ICP advanced by roughly 2–3%, pushing through the $2.95–$3.00 resistance zone on increased trading activity. This area has repeatedly acted as both support and resistance in recent sessions, making the breakout technically significant. The price is now stabilizing just above $3.00, indicating that buyers are attempting to…
Regulation-first strategies and macro-driven Bitcoin shape exchange priorities for the next market cycle. Crypto exchanges are entering 2026 with a noticeably different playbook. Rather than chasing speculative growth, the industry is aligning around licenses, compliant products, stablecoins, and tokenized real-world assets, reflecting a maturing market shaped by regulation and macroeconomic forces. Major exchanges are expanding their onshore, regulated footprints to secure long-term growth. Operating with licenses across regions such as the European Union, the Middle East, Australia, Singapore, and the United States is now seen as foundational. The focus is shifting from merely obtaining approvals to localizing fiat on-ramps, derivatives,…
Compressed volatility bands suggest Bitcoin may be nearing a decisive breakout after weeks of consolidation. Bitcoin is showing signs of an impending volatility surge as price action remains unusually calm. After trading within a narrow range for weeks, technical indicators now suggest that a significant price swing could be approaching, echoing patterns seen before past major market moves. Over the past two weeks, Bitcoin has traded between $85,000 and $90,000, reflecting strong equilibrium between buyers and sellers. This prolonged consolidation has led to a sharp contraction in Bollinger Bands, a widely used volatility indicator. Why the Bollinger Bands Squeeze Matters…