Cango Inc., a notable player in China’s automotive industry, is shifting gears by selling its business for $352 million and diving into cryptocurrency. The buyer, Ursalpha Digital Ltd., will pay an initial amount of about $210.6 million, with the rest disbursed in quarterly installments tied to specific financial conditions. This decision follows a proposal from ...
Cango, a publicly traded Chinese company, has decided to sell its old auto financing business in China for $352 million to Ursalpha Digital Limited, a firm linked to Bitmain. This move is part of Cango’s strategy to focus entirely on Bitcoin mining. As part of this deal, Bitmain will transfer significant mining power, adding 32 ...
Betting markets are increasingly worried about a possible U.S. recession in 2025, especially after President Donald Trump announced new tariffs on global trade partners. These tariffs, which include a baseline duty on all imports, have led to a significant rise in the perceived likelihood of an economic downturn, with prediction platforms indicating a greater than ...
Bitcoin and US stock markets experienced sharp declines following President Trump’s announcement of new tariffs. On April 3, the S&P 500 dropped 4.2%, marking its biggest fall since June 2020, while the Dow and Nasdaq also saw significant losses. Bitcoin’s value fell by 8%, but it remains above the crucial $80,000 support level. Overall, the ...
North Korean hackers, linked to the notorious Lazarus Group, are using a new strategy called ClickFix to target job seekers in the cryptocurrency industry. This tactic involves creating fake job interviews to deliver a new form of malware known as GolangGhost on Windows and macOS systems. The campaign, dubbed ClickFake Interview, primarily impersonates major financial ...
In 2024, the excitement around cryptocurrency drove a significant boom in early-stage bitcoin startups, with pre-seed investments increasing by 50% despite a generally cautious funding environment for tech. The price of bitcoin and ethereum surged, contributing to greater investor interest, especially after the SEC approved bitcoin and ethereum ETFs. Trammell Venture Partners reported that pre-seed ...
The cryptocurrency Market goes beyond Bitcoin, often known as BTC, which can dominate at times, but altcoins like Ripple (XRP) and Dogecoin (DOGE) also play significant roles. XRP is designed for faster and cheaper cross-border transactions and has recently seen a boost after a favorable legal resolution with the SEC. In contrast, Dogecoin, which started ...
The cryptocurrency Market is more than just Bitcoin; it includes popular altcoins like Ripple (XRP) and Dogecoin (DOGE). While Bitcoin often leads the charge, XRP has been recognized for its ability to facilitate quick, cost-effective cross-border transactions and has recently gained traction following favorable regulatory news. On the other hand, Dogecoin, which began as a ...
The Whitfield County Sheriff’s Office (WCSO) is raising awareness about potential scams occurring at cryptocurrency ATMs. In a recent Facebook post, they highlighted how scammers target these machines to trick victims into sending money to their wallets. These calls usually involve someone pretending to be in a position of authority, urging victims to conduct transactions ...
The Whitfield County Sheriff’s Office is raising awareness about scams related to cryptocurrency ATMs. According to a recent Facebook post, these machines are being targeted by scammers who provide victims with instructions to make transactions, leading them to unknowingly send money to the scammers’ wallets. The WCSO highlights that transactions made this way are challenging ...
