PANews reported on October 23rd that fintech giant Revolut is about to launch its cryptocurrency services across the EU after obtaining the EU's Markets in Crypto-Assets Directive (MiCA) license, according to DL News. Revolut announced on Wednesday that it had received the MiCA license from the Cyprus Securities and Exchange Commission. This license allows Revolut to promote its cryptocurrency services in 30 countries within the European Economic Area. Revolut's MiCA license also heralds the upcoming launch of "Crypto 2.0." The company stated that the new service will provide users with access to over 280 cryptocurrencies, zero-fee staking services, and zero-difference stablecoin to USD conversions.

Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more

