crypto
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Arizona has enacted House Bill 2749, establishing a state-managed Bitcoin and Digital Assets Reserve Fund. Governor Katie Hobbs signed the bill into law on May 7, 2025, permitting the state to hold unclaimed digital assets, such as cryptocurrencies, in their native form rather than liquidating them. The law also allows the state to stake these…
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Riot Platforms, Inc. (NASDAQ: RIOT) has finalized the acquisition of Rhodium Encore LLC’s assets at the Rockdale Facility for $185 million. The transaction includes 125 megawatts (MW) of power capacity and all tangible assets, such as ASIC miners, previously under Rhodium’s operation. The acquisition terminates legacy hosting contracts with Rhodium, which generated a gross loss…
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Cango Inc. has finalized a $352 million agreement to divest its Chinese auto-financing business to Ursalpha Digital Limited, a company linked to Bitmain’s affiliate, Antalpha. This transaction marks Cango’s full transition into Bitcoin mining operations. The deal includes an upfront payment of $210.6 million, with the remaining amount contingent upon meeting specific tax obligations and…
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A Canaan Bitcoin miner experienced a power supply unit (PSU) failure, leading to significant damage. An analysis suggests two primary causes: inadequate power delivery from an extension cord and the use of a non-compliant USB-C cable. Theory 1: Inadequate Power Delivery from Extension Cord The PSU was connected via an extension cord, which may not…
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Michael Hartnett, Chief Investment Strategist at Bank of America, has indicated that the United States is no longer the primary growth engine of the global economy. This perspective reflects shifting investor sentiment and a reevaluation of the U.S.’s role in driving global economic expansion. Hartnett’s analysis suggests that the era of U.S. economic exceptionalism is…
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the People’s Bank of China (PBOC) has referred to Bitcoin as an “investment alternative,” signaling a change from its previous stringent stance on cryptocurrencies. This development was highlighted during the Boao Forum for Asia, where Li Bo, then deputy governor of the PBOC, acknowledged the potential of digital assets in the investment landscape. Historically,…
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Marathon Digital Holdings (NASDAQ: MARA) stands out as the sole U.S.-based Bitcoin mining company operating its own mining pool, known as MARAPool. In contrast, other publicly traded mining companies such as CleanSpark (NASDAQ: CLSK) and Riot Platforms (NASDAQ: RIOT) do not maintain proprietary mining pools. Instead, they allocate their hashing power to external pools…
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Russia’s Finance Ministry and Central Bank are set to launch a cryptocurrency exchange exclusively for “super-qualified investors,” operating under an experimental legal framework. Finance Minister Anton Siluanov announced the initiative during a ministry meeting, stating that the platform aims to legalize crypto assets and bring digital asset transactions into a regulated environment. The exchange…
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Twenty One, a technology startup specializing in AI-driven logistics solutions, announced plans to go public through a merger with Cantor Equity Partners’ Special Purpose Acquisition Company (SPAC), Cantor Equity Partners Acquisition Corp. (Nasdaq: CEP). The deal values Twenty One at approximately $1.2 billion, with the transaction expected to close in early 2024 pending regulatory approvals.…
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Texas lawmakers are making progress on a bill to create a state-managed Bitcoin reserve, aligning with President Donald Trump’s nationwide crypto reserve initiative. Senate Bill 21, introduced by Senator Charles Schwertner, proposes the establishment of the Texas Strategic Bitcoin Reserve. The Senate Committee on Business and Commerce has unanimously passed the bill, which now awaits…
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Gold surged past $3,500 per ounce Monday, setting a fresh all-time high as investors fled a slumping dollar and intensifying U.S. political risk. According to Reuters, spot prices touched $3,500.05 before holding above $3,420 in late trade. Safe-haven demand spiked after President Donald Trump’s latest public challenge to Federal Reserve Chair Jerome Powell over interest-rate…
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Bitcoin Mining Engineer Matthan “Bill” Burton opens Season 14 of BitcoinVersus.Tech with a candid assessment of the global mining hardware race. In the Season 14 premiere of BitcoinVersus.Tech, engineer and consultant Matthan “Bill” Burton delivered a pointed message about America’s position in the bitcoin mining hardware sector. Burton stated that the dominance of Chinese manufacturers…
