Digital Currency Group announced that it is spinning out a new mining subsidiary called Fortitude Mining, according to an announcement on Wednesday. Fortitude Mining will be a wholly-owned unit of DCG focused on achieving strong returns by mining Bitcoin and other high-growth digital assets in emerging ecosystems with attractive return profiles. Andrea Childs, former senior … Read more
Scott Bessent, a billionaire hedge fund manager, is now the 79th U.S. Treasury Secretary under Trump. Crypto leaders, including Ripple’s Brad Garlinghouse, celebrate his pro-innovation stance, anticipating major policy shifts. Scott Bessent Confirmed as Treasury Secretary, Signaling Pro-Crypto Shift Scott Bessent has been confirmed as the 79th U.S. Treasury Secretary under President Donald Trump, following … Read more
Despite a brief retracement following its yearly high of $30.94 in December, LINK has rebounded with momentum, breaking out of a descending wedge pattern—an indicator often associated with major bullish reversals. This renewed optimism is further fueled by a wave of positive news. Chainlink’s latest partnerships with BX Digital and BX Swiss—affiliates of one of … Read more
Tesla’s strategic use of a new crypto accounting rule has resulted in a substantial $600 million net gain from its Bitcoin holdings in Q4 2024. This gain comes as Tesla’s valuation of its Bitcoin reserves surged, allowing the electric vehicle manufacturer to reflect a true market value on its balance sheet. According to Bitcoin Treasuries, … Read more
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
NZD/USD rebounds to near 0.5660 in Thursday’s early Asian session. Fed left the policy rate steady on Wednesday. RBNZ’s Conway painted a dim picture of the country’s economic outlook, citing weak productivity, investment and trade. The NZD/USD pair recovers some lost ground to around 0.5660, snapping the three-day losing streak during the early Asian session … Read more
The U.S. Securities and Exchange Commission (SEC) has announced its initiative to gather public input regarding the Canary Litecoin ETF proposal, marking a crucial step in its evaluation process. This development, reported on January 30, indicates that the SEC is actively seeking comments from stakeholders within a 21-day window following the proposal’s publication in the … Read more
Elon Musk’s Department of Government Efficiency (DOGE) claims it’s slashing $1 billion daily by cutting unnecessary hires, DEI programs, and foreign payments—aiming for $3 billion in savings. DOGE’s $1B-a-Day Cuts Are Just the Start—$3B in Sight! The Department of Government Efficiency (DOGE) is reportedly saving the federal government approximately $1 billion per day, according to … Read more
Ron Branstetter, creator of the viral meme coin Unicorn Fart Dust (UFD), announced that his Phantom wallet had been hacked, leading to the loss of $6.6 million worth of UFD tokens, Solana, and other crypto assets. Branstetter shared the news during an emergency livestream, expressing heartbreak while reassuring the community of his unwavering commitment to … Read more
Investment firm D.E. Shaw has built a stake in Riot Platforms and is pushing the Bitcoin miner to change, Reuters reports.