The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading sources. North America Dominance According to the latest Cambridge Centre for Alternative Finance … Read more
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The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled. Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado Cash were unlawful and that the agency was “permanently enjoined from … Read more
Bitcoin Bitcoin’s current price range around $95,000 has become a focal point for traders trying to decipher whether the rally still has legs or is about to stall. After weeks of strong performance, the crypto market seems to be settling into a moment of calm, coinciding with cooling concerns over recent U.S. trade policy moves. … Read more
Key takeaways: Richard Byworth says Michael Saylor’s Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin. He says that Strategy should consider accelerating purchases as the Bitcoin supply on exchanges continues to decline. Byworth argues that aggressively increasing Bitcoin holdings would boost Strategy’s mNAV, benefiting shareholders. Michael … Read more
El Salvador’sMaria Luisa Hayem, the country’s Minister of Economy, announced that, despite a recent loan agreement with the International Monetary Fund (IMF) that stipulates halting Bitcoin accumulation, the nation plans to persevere in its Bitcoin acquisition strategy. In a live discussion, Hayem stated, “President Bukele has pledged to continue accumulating assets,” highlighting a firm dedication … Read more
In a recent address on April 30th, former U.S. President Donald Trump commented on the Federal Reserve’s policies, particularly highlighting the recent declines in interest rates. Trump emphasized the importance of maintaining a cordial relationship with the Fed, suggesting that public criticism could undermine their autonomy. “While the Federal Reserve officials may not always excel … Read more
Chinese President Xi Jinping underscored BRICS’ New Development Bank (NDB) as a crucial emerging force in the global financial system during discussions with NDB President Dilma Rousseff. He emphasized that the NDB, spearheaded by BRICS nations, embodies the growing leadership of developing economies and stands as a golden symbol of Global South cooperation. Xi advocated … Read more
Key Takeaways The US aims to become the Bitcoin superpower with a strategic approach outlined by the administration. A Strategic Bitcoin Reserve initiative highlights the US view of Bitcoin as digital gold with intrinsic stored value. White House crypto advisor Bo Hines said a global space race for Bitcoin accumulation is underway, and the US … Read more
Still below its highest levels Regulatory delays and market sentiment XRP, the cryptocurrency closely associated with Ripple Labs, is witnessing a notable spike in trading activity, according to new data from blockchain analytics platform Glassnode. The platform’s latest figures reveal that XRP’s “hot capital” — short-term investment inflows — surged from $0.92 billion on April … Read more