Tagged: bitcoin

January 27, 2025 @ 5:57 pm By Omar Faridi  |  

Ohio is taking a significant step towards embracing digital assets, with a new strategic crypto reserve bill (House Bill No. 18) that’s gained praise from former presidential candidate Vivek Ramaswamy. The bill, which has reportedly been introduced by State Representative Steve Demetriou, would allow the… Read More

January 27, 2025 @ 5:53 pm By Omar Faridi  |  

Russia’s largest power grid operator, Rosseti, is venturing into Bitcoin (BTC) and crypto mining by leveraging its underutilized power centers. The state-owned energy provider aims to become a key coordinator for mining infrastructure deployment across the country, as reported by TASS. Rosseti sees crypto mining… Read More

January 27, 2025 @ 4:08 pm By Tony Zerucha  |  

Donald Trump’s inauguration has generated speculation on a range of financial issues. Continue reading for a selection of industry commentary. Cryptocurrency “The most important development will be the legal certainty that comes from a more friendly US regulatory regime. We are now likely to see… Read More

January 22, 2025 @ 9:10 pm By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) has recently launched a formal evaluation of potential AI/HPC uses for remaining 600 MW of power capacity at its Corsicana facility. Riot Platforms says that it has engaged expert consultants in order to assess AI/HPC opportunities and plans to “accelerate engagement… Read More

January 22, 2025 @ 3:47 pm By Omar Faridi  |  

The concept of a U.S. strategic bitcoin reserve under the Trump administration has garnered attention, with Coinbase (NASDAQ:COIN) CEO Brian Armstrong suggesting it as a realistic possibility. Speaking at the World Economic Forum in Davos, Armstrong remarked on Trump’s apparent enthusiasm for cryptocurrency, stating: “He… Read More

January 22, 2025 @ 7:42 am By Omar Faridi  |  

On January 21, 2025, President Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the founder of the infamous (and now defunct) dark web marketplace, Silk Road. Ulbricht had been serving two life sentences without the possibility of parole since his 2015 conviction… Read More

January 21, 2025 @ 8:13 am By Michael Wong  |  

Singapore-based Bitcoin mining firm BitFuFu Inc. has announced plans to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in Oklahoma. The company has signed a letter of intent for the transaction, which is expected to close in the first half of 2025,… Read More

January 20, 2025 @ 10:09 am By JD Alois  |  

Bitcoin bulls are on today as BTC nears $110,000 on the day of the Presidential inauguration. Today, at 12 noon ET, Donald Trump will become the 47th President after serving as the 45th President in an unprecedented return to office following four difficult years under… Read More

January 19, 2025 @ 10:15 am By Omar Faridi  |  

Italy’s largest bank has embraced Bitcoin, which may be considered a key milestone in financial evolution. In a significant development for crypto adoption, Intesa Sanpaolo, Italy’s largest banking group, has recently acquired 11 BTC worth €1 million, marking the first instance of an Italian bank… Read More

January 16, 2025 @ 11:01 am By Omar Faridi  |  

CoinGecko noted in a report that Bitcoin’s fourth halving in 2024 marked the start of the cryptocurrency market’s fourth bull cycle, though “not in ways many had anticipated.” CoinGecko pointed out that the web3 and digital assets market’s momentum was significantly driven by macroeconomic policy… Read More

January 15, 2025 @ 12:04 pm By Omar Faridi  |  

Dr. Sean Dawson, Head of Research at the “decentralized” on-chain options AI-powered platform, Derive.xyz (TVL $128M, $12.3B trade volume), has shared key insights focused on Bitcoin (BTC) and Ethereum (ETH) markets. Dr. Sean Dawson, Head of Research at Derive.xyz noted that in the last 24… Read More

January 13, 2025 @ 2:17 pm By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world – US dollar-based USDT, has relocated its business to El Salvador, a central American country that has embraced digital asset innovation. El Salvador has experienced a renewal in its prospects following the election of a… Read More

January 11, 2025 @ 11:19 am By Tony Zerucha  |  

As Bitcoin’s price surges, it is attracting more thieves. According to the FBI, in 2022, crypto scams resulted in north of $2.57 billion in losses. The average victim lost $54,000. The increasing intersection of cryptocurrency popularity and evolving fraud tactics highlights the critical need for… Read More

January 9, 2025 @ 10:09 am By JD Alois  |  

Although the US Securities and Exchange Commission (SEC) fought it tooth and nail, one year ago, the first Bitcoin ETFs were approved by the regulator. The approval brought a degree of mainstream acceptance to the world’s favorite crypto, providing a way for anyone to purchase… Read More

January 8, 2025 @ 8:07 pm By Omar Faridi  |  

Blockstream, the global firm focused on Bitcoin infrastructure technology,  marked ‘Bitcoin Genesis Day’—the anniversary of Bitcoin’s first block mined on January 3, 2009—with the launch of its latest “fully-open source” hardware wallet: Blockstream Jade Plus. With a new design, enhanced usability, and advanced security features… Read More

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin (BTC) mining, announces unaudited production and operations updates for December 2024. Jason Les, CEO of Riot said: “Riot mined 516 bitcoin in December, a 4% increase over the previous month, as we… Read More

January 7, 2025 @ 5:05 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, started the first full week of 2025 with strong positive momentum, pushing through the key $100,000 mark on Monday and notching up a positive start to the new year. Ethereum (ETH), XRP, and other major crypto-assets have also delivered a… Read More

January 6, 2025 @ 8:54 pm By Omar Faridi  |  

Bitcoin tech firm JAN3 has recently announced raising $5 million in seed financing to accelerate the development of the AQUA Wallet. Investors reportedly include the following business entities: Fulgur Ventures, Grupo Salinas, Tether, East Ventures, and NYDIG. JAN3 has officially concluded a $5 million seed… Read More

January 6, 2025 @ 9:30 am By Tony Zerucha  |  

deVere Group CEO Nigel Green believes the United States will acquire as many as 400,000 Bitcoin in 2025 as part of a strategic reserve. That will help propel a historic Bitcoin run while reinforcing the dollar’s dominance. Green, who predicted Bitcoin would top $100,000, believes… Read More

January 6, 2025 @ 8:27 am By Omar Faridi  |  

MARA Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation,  recently released unaudited BTC production and miner installation updates for December 2024. Fred Thiel, MARA‘s chairman and CEO said: “In December, we surpassed our year-end hash… Read More