South Korean President Yoon Suk Yeol declared martial law in an attempt to combat what he calls “anti-state” forces amid rising tensions with the opposition, which currently controls parliament. This unprecedented step quickly faced backlash, with lawmakers voting to lift the martial law just hours later, emphasizing their commitment to democracy. Thousands protested against Yoon’s ...
MARA has announced its plan to acquire a wind farm in Hansford County, Texas, with 240 MW of interconnection capacity and 114 MW of wind generation. This acquisition aims to power a data center using the wind farm’s renewable energy, significantly reducing electricity costs. The project is part of MARA’s Advanced ASIC Retirement Initiative, which ...
Cardano (ADA) and XRP are gaining traction as they outperform Bitcoin, driven by renewed regulatory optimism and significant technological advancements. Since the U.S. presidential election, ADA has surged by 275%, fueled by expectations of a supportive regulatory environment under President-elect Donald Trump. Meanwhile, XRP has reached a seven-year high, with favorable changes anticipated in its ...
Billionaire Tim Draper believes that Bitcoin might be on a significant rally, potentially reaching $250,000 by the end of 2025. This projection follows a recent surge in Bitcoin’s value, which is currently around $97,000. Draper views Bitcoin as a superior payment technology that could revolutionize the financial system if mainstream adoption increases. He mentions the ...
Following the recent U.S. presidential election, XRP, the cryptocurrency formerly known as Ripple, has seen a remarkable price increase, jumping from $0.52 to $2.73 in less than a month. This surge marks the highest value XRP has reached in nearly seven years and positions it as the third most valuable cryptocurrency. The positive momentum is ...
HIVE Digital Technologies has announced a significant acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips, aiming to boost its Bitcoin mining capacity to 15 EH/s by summer 2025. The initial order of 13,480 units (4.3 EH/s) will be delivered by April-May 2025 at a price of $14 per TH. The company projects annual revenues ...
Bitcoin ETFs are now holding a substantial amount of Bitcoin, nearly equal to what Satoshi Nakamoto, Bitcoin’s creator, has in their wallet. US-based ETFs own over 1 million Bitcoin, accounting for about 5% of the total supply, driven by remarkable Market performance. There are discussions in the Senate about potentially purchasing another million Bitcoin by ...
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender under President Nayib Bukele. This bold move aimed to integrate cryptocurrency into the nation’s economy, promoting financial inclusion and innovation. Since November 2022, the government has been executing a “1 Bitcoin per Day” program, where they commit to purchasing one Bitcoin ...
BRICS, a group of fast-growing economies including Brazil, Russia, India, China, and South Africa, seeks to challenge the dominance of the US dollar in global trade. They are motivated by a desire to reduce reliance on a currency that grants the United States significant economic and geopolitical power, including the ability to impose sanctions. The ...
BRICS, a group of rapidly growing economies including Brazil, Russia, India, China, and South Africa, aims to challenge the dominance of the US dollar, which currently controls about 80% of global trade. The leaders of these nations want to reduce their reliance on the dollar, as it gives the US significant economic and geopolitical advantages, ...
