Former President Donald Trump recently announced a plan to create a U.S. strategic cryptocurrency reserve, aiming to position the country as a leader in the crypto Market. Initially skeptical of digital currencies, Trump now promotes them as symbols of freedom and innovation. However, experts warn that cryptocurrencies still rely heavily on the social dynamics behind ...
In 2024, Georgia experienced an extraordinary rise in electricity use for cryptocurrency mining, increasing six-fold from the previous year. Mining operations consumed 465 million kilowatt-hours, surpassing the energy used by steel mills and railways. This surge raises important questions about the balance between technological growth and energy sustainability. While Georgia attracts investors with tax exemptions ...
Investing in cryptocurrency can be risky due to its high volatility. Even Bitcoin, the leading cryptocurrency, has faced significant ups and downs. Warren Buffett, the CEO of Berkshire Hathaway, famously called Bitcoin “rat poison squared” in 2018 and expressed doubts about its long-term viability. Despite his criticisms, Berkshire Hathaway has made minor investments in companies ...
The U.S. Department of Housing and Urban Development (HUD) is exploring the use of cryptocurrency, potentially as a trial for federal applications, according to recent discussions reviewed by ProPublica. Some officials express concerns about paying federal grant recipients in cryptocurrency, citing its association with financial instability and crime. The focus has shifted towards using blockchain ...
As digital currencies like Bitcoin and Ethereum gain popularity, the security of these assets has become a major concern for both investors and everyday users. The switch to decentralized currencies brings new risks, including a significant rise in cryptocurrency theft, which hit nearly $2 billion in early 2025 alone. Common threats include hacking exchanges, phishing ...
Vijay Lulla, the EMEA Head of Cross-Currency Payments at J.P. Morgan Payments, discusses how technology and changing trade dynamics are reshaping cross-border payments. He highlights the rise of digital currencies, AI, and blockchain, which are driving new payment systems and local currency usage. While progress is being made towards real-time international payments, challenges such as ...
Recent announcements from the Trump administration regarding increased customs tariffs have sent shockwaves through the cryptocurrency Market, with Bitcoin plummeting by 10% and Ether dropping nearly 15%. Initially buoyed by news of U.S. strategic crypto reserves, investors quickly faced a harsh reality as geopolitical tensions surfaced. Experts warn that these tariffs, particularly the steep levies ...
David Sacks, known as Trump’s “AI and Crypto Czar,” is facing criticism as tensions emerge within the Trump-tech alliance over the president’s crypto policies. Trump, relying heavily on crypto investors for his campaign funds, recently proposed a U.S. strategic crypto reserve that includes not only Bitcoin but also several other digital currencies like Solana and ...
South Carolina State Senator Daniel Verdin is pushing a cryptocurrency bill aimed at allowing the state to accept digital currencies and encouraging cryptocurrency mining. Despite the challenges of gaining support in a traditionally conservative environment, he is optimistic, noting a new wave of open-minded legislators. Verdin’s bill has already passed a key committee and is ...
Upexi, a company listed on NASDAQ as UPXI, is taking a significant step into the cryptocurrency Market through its subsidiary, Quantum Hash. They have signed a Letter of Intent to acquire a 2MW Bitcoin mining facility, which is currently only operating at half its capacity. Plans are in place to upgrade the facility and install ...
