Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there to 132 megawatts and surpassing 500 megawatts globally across five countries. Development of New Site to Be Conducted in Stages The Abu Dhabi-based bitcoin miner, Phoenix Group, has secured an additional 52 megawatts (MW) of … Read more
The Cardano price remained under pressure this week, erasing some of the gains made last week when it rose to its monthly high. Cardano (ADA) retreated for the second consecutive day, reaching a low of $0.670. It has dropped by almost 10% from its highest level this week. A potential catalyst for Cardano is that … Read more
In brief Eric Trump criticized traditional banking as “broken, slow and expensive,” warning banks they’ll become extinct in 10 years if they don’t embrace cryptocurrency. Trump highlighted the inefficiencies of current banking systems, including limited hours, long settlement times, and excessive delays for services like mortgages. The Trump family is expanding into cryptocurrency ventures, with … Read more
Key takeaways: Bitcoin’s price increased by sixfold each time its age increased by 40%. If the pattern holds, Bitcoin could rally to $351,046 in 2025. New data highlights a historical pattern that results in Bitcoin (BTC) price increasing by sixfold. Using a logarithmic chart to illustrate the trend from 2011, the model projects BTC price … Read more
Key takeaways: Bitcoin’s price increased by sixfold each time its age increased by 40%. If the pattern holds, Bitcoin could rally to $351,046 in 2025. New data highlights a historical pattern that results in Bitcoin (BTC) price increasing by sixfold. Using a logarithmic chart to illustrate the trend from 2011, the model projects BTC price … Read more
KuCoin has committed $2 billion to boost platform transparency, security, and compliance. The multi-year Trust Project is already underway with phased rollouts. The initiative also aims to strengthen KCS token utility and global user trust. KuCoin has launched a sweeping $2 billion initiative dubbed the “Trust Project,” aimed at significantly enhancing the platform’s transparency, user … Read more
Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview. Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to … Read more
US President Donald Trump said Wednesday that Canadian Prime Minister Mark Carney is seeking to strike a trade deal and is expected to visit the White House within the next week. He also hinted at the possibility of reaching a deal with China eventually. Key Quotes Carney called me yesterday and said let’s make a … Read more
On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that … Read more
After the sixth edition of the Paris Blockchain Week wrapped up at the iconic Carrousel du Louvre, we can’t help but reminisce on the event, which drew over 9,600 attendees, including C-suite executives from around the world. Cryptopolitan had the pleasure of being one of the brands represented at the event alongside notable … Read more