In a remote area of Zambia, a unique bitcoin mining operation is thriving thanks to a nearby hydro-electric power plant. Gridless, a Kenya-based company, set up its bitcoin mine using clean, affordable energy from the power plant, which was initially built to serve the local community. Each mining machine can earn about $5 daily, creating ...
Experts discuss the recent bill proposed by the Russian Investigative Committee, which aims to recognize cryptocurrencies as property. This initiative is seen as a significant step toward regulating digital assets and providing legal protections for both the state and asset holders. While many Russians already consider cryptocurrencies as valuable assets, the bill introduces challenges, particularly ...
Thailand’s cabinet recently approved a Financial Hub bill aimed at boosting its status as a regional financial player. The bill creates a One Stop Authority to regulate fintech and blockchain investments, but it raises concerns about complex regulations and potential impacts on financial stability. Critics, including former finance minister Thirachai, argue it may jeopardize the ...
Bilal Bin Saqib, the CEO of Pakistan’s Crypto Council, has suggested harnessing the country’s runoff energy to power Bitcoin mining during a recent meeting in March. The council is working on regulatory frameworks for cryptocurrencies to attract foreign investment and position Pakistan as a leading crypto hub. Notable attendees included lawmakers and representatives from the ...
I just got back from NVIDIA’s GTC AI Conference in San Jose, which was a huge success with around 20,000 attendees. CEO Jensen Huang described the event as the “Super Bowl of AI.” Even though NVIDIA’s stock has recently shown signs of weakness, the excitement around AI is undeniable. Huang emphasized the rise of “agentic ...
Bitcoin’s price took a positive turn on March 19 as investors prepared for insights from the Federal Open Market Committee and remarks from Federal Reserve Chair Jerome Powell. During a press conference, Powell announced that interest rates would remain steady between 4.25% and 4.5%. Although the Fed lowered its economic growth forecast and acknowledged ongoing ...
The Bitcoin mining sector in North America is growing at around 15% annually, mainly due to dropping electricity costs. CJMining, a well-known mining service provider, plans to acquire a 53-megawatt facility in Oklahoma that offers electricity at just $0.029 per kWh, significantly lower than the North American average. The facility is equipped with advanced technology ...
Bitcoin’s price soared past $84,000 on Wednesday after the latest inflation report revealed a smaller-than-expected rise in consumer prices for February, with inflation at 2.8% compared to the predicted 2.9%. This boosted Market confidence, pushing prices up for cryptocurrencies like Ethereum and Solana, as well as for stock indices like the Dow Jones and S&P ...
March has started off tough for the stock Market, with major indices like the S&P 500 and Nasdaq experiencing significant declines after a wave of optimism post-election. Recent tariffs imposed by the Trump administration and concerns about rising inflation have added to the uncertainty, causing both indices to erase their previous gains. Despite a positive ...
March has started off tough for the stock Market, with major indices like the S&P 500 and Nasdaq experiencing significant declines after a wave of optimism post-election. Recent tariffs imposed by the Trump administration and concerns about rising inflation have added to the uncertainty, causing both indices to erase their previous gains. Despite a positive ...
