crypto
-
Basel Medical Group Ltd, a Singapore‑based healthcare provider listed on NASDAQ under the ticker BMGL, signed a purchase agreement to acquire up to 10,000 Bitcoin, totaling approximately US $1 billion—by issuing ordinary shares in exchange with a consortium of Bitcoin holders. Company management stated the acquisition aims to diversify its treasury reserves significantly, reinforce its balance sheet,…
-
Ethiopian Electric Power generated approximately $200 million in the first half of 2025 from bitcoin miners, leveraging surplus hydroelectric power from the Grand Ethiopian Renaissance Dam . Annual revenue from bitcoin mining now makes up around 18 percent of total electricity sales for EEP, a jump from $55 million over ten months in late 2024. Over 25 mining firms have signed…
-
According to SEC filings, Saudi Arabia’s central bank, SAMA, disclosed ownership of 25,656 shares in MicroStrategy—now rebranded as Strategy—a software firm that holds over 568,000 BTC on its balance sheet. That indirect investment grants Riyadh sizable exposure to Bitcoin without purchasing cryptocurrency directly. Per Strategy’s filings, those shareholdings translate into an estimated $60 billion‑plus in Bitcoin…
-
Per multiple reports, Addentax Group Corp.—a Nasdaq-listed Chinese textile and garment company—announced plans to acquire up to 8,000 BTC, along with memecoins such as the TRUMP token, through a common-stock issuance valued at approximately $800 million to select crypto holders. Addentax CEO Hong Zhida said the move aligns with the firm’s broader blockchain strategy to strengthen its balance…
-
Eric Trump recently stated, “Bitcoin is leading the way in digital transformation,” during a public appearance, underscoring the Trump family’s increasing involvement in the cryptocurrency sector. Eric Trump and his brother, Donald Trump Jr., have been actively expanding their presence in the crypto industry. They co-founded American Bitcoin, a mining venture in partnership with Hut…
-
In a recent CNBC interview, Michael Saylor, Executive Chairman of Strategy, addressed concerns about quantum computing’s potential impact on Bitcoin’s cryptographic security. He acknowledged that if a powerful quantum or supercomputer capable of breaking current cryptographic standards were developed, the Bitcoin protocol could undergo a software update to adopt quantum-resistant cryptographic algorithms. Saylor emphasized that…
-
If your SupraHex unit is not appearing on your mining pool dashboard, it’s likely due to outdated or incompatible firmware. To resolve this issue: Check for the latest firmware release by clicking the Check in the settings section of your miners graphical user interface (GUI). After the Download of the “esp-miner.bin” and “www.bin” files upload…
-
Fast-food chain Steak ‘n Shake has officially integrated Bitcoin payments via the Lightning Network across all its U.S. locations. This move allows customers to pay for their meals using Bitcoin by scanning a Lightning-enabled QR code at the register, facilitating instant, low-fee transactions. The company announced the rollout on May 16, 2025, marking a significant…
-
According to Reuters, FHFA Director William Pulte instructed Fannie Mae and Freddie Mac to begin preparing to treat cryptocurrency holdings as assets in single‑family mortgage risk assessments. Pulte emphasized borrowers should be allowed to count crypto assets without first converting them to U.S. dollars, provided those assets are held on U.S.‑regulated centralized exchanges subject to applicable laws. Per…
-
UFC champion and Irish presidential hopeful Conor McGregor has publicly called for the establishment of a national Bitcoin strategic reserve in Ireland. In a post on X (formerly Twitter), McGregor stated, “An Irish Bitcoin strategic reserve will give power to the people’s money,” emphasizing his belief in Bitcoin’s potential to empower citizens financially. McGregor’s proposal…
-
Bitdeer Technologies Group (NASDAQ: BTDR) has successfully completed testing of its latest Bitcoin mining chip, SEAL03, achieving a power efficiency of 9.7 joules per terahash (J/TH) in ultra power-saving mode. This milestone aligns with the company’s SEALMINER technology roadmap and reflects its commitment to advancing mining performance and energy efficiency. Developed in collaboration with Taiwan…
-
Billionaire venture capitalist Tim Draper has reiterated his prediction that Bitcoin will replace the U.S. dollar as the dominant global currency within the next decade. In a recent interview, Draper emphasized that Bitcoin’s decentralized nature and fixed supply make it a superior alternative to fiat currencies, which are susceptible to inflation and government manipulation. Draper…
