World’s 3rd Largest Pension Fund Buys $34M in MicroStrategy Shares
South Korea’s National Pension Service, the world’s third-largest public pension fund, purchased $34 million worth of MicroStrategy shares. The third-largest public pension fund in the world has recently acquired roughly $34 million in shares of MicroStrategy, a business intelligence firm that purchases Bitcoin. According to a filing with the United States Securities and Exchange Commission […]
ZachXBT Says 21 North Korea Crypto Devs Make $500K/Month
ZachXBT, an Onchain investigator, asserts that he has identified a network of North Korean devs developing numerous crypto projects. ZachXBT, a blockchain investigator, has discovered evidence of a sophisticated network of North Korean developers who earn as much as $500,000 per month by working for “established” crypto projects. ZachXBT, in an Aug. 15 post on […]
IMF execs Propose To Raise Crypto Mining Energy Cost by 85%
Two International Monetary Fund (IMF) executives have stated that increasing the average global cost of Crypto Mining electricity to 85% could reduce carbon emissions. The IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15 that a tax of $0.047 per kilowatt hour “would encourage […]
Bitcoin Miners Raise $2.2B As Cash Flow Crisis Intensifies
Following the Bitcoin halving, public Bitcoin miners use debt financing to increase their cash flow as the crisis intensifies. In the second quarter of 2024, nine of the 13 Bitcoin miners listed in the United States raised capital through stock offers.In the second quarter of 2024, nine out of the 13 United States-listed companies raised […]