Coolpad to Invest $13.5M in Bitcoin Mining Rigs
Coolpad Group plans to invest $13.5 million in 2,700 Bitcoin mining rigs to be deployed in North America. Coolpad Group intends to acquire 2,700 BTC mining machines for $13.5 million. These devices will be deployed by the organization in North America.Coolpad, a telecommunications provider headquartered in Shenzhen and listed on the Hong Kong Stock Exchange, […]
Ethiopia begins CBDC initiative as part of economic reform
Ethiopia’s central bank prepares legal framework for CBDC as part of economic reform. Two proclamations have been formulated by the National Bank of Ethiopia (NBE) as part of an economic reform strategy. One of them is the establishment of a legal framework for the introduction of a central bank digital currency (CBDC). The proclamations have […]
Ex-SEC Official Denies Involvement with Memecoin Platform
Ex-SEC crypto chief David Hirsch denies joining memecoin platform Pump.fun. David Hirsch, the former supervisor of the crypto asset and cyber unit in the U.S. Securities and Exchange Commission’s (SEC) enforcement division, has denied reports that he planned to join Pump.fun.. This platform enables users to generate cryptocurrency tokens. Hirsch has categorically denied those allegations, […]
Peter Schiff Claims Hedge Funds Betting on MSTR Could Crash Bitcoin
Peter Schiff warns that hedge fund trades against MicroStrategy (MSTR) could destabilize Bitcoin. Notable critic Peter Schiff has raised concerns about the potential market manipulation by hedge funds as Bitcoin (BTC) continues to struggle to maintain its momentum, with its price trading sideways for more than three months. Schiff suggests that these financial institutions may […]
Binance Lists ZKsync, Launches Token Distribution Program
Binance will list ZKsync (ZK) and launch a token distribution program, with trading starting June 17th. ZKsync (ZK) is being listed on Binance, the most popular cryptocurrency exchange in terms of trading volume. Additionally, the exchange is initiating a token distribution program for the project. Binance will expand its selection of supported cryptocurrencies by introducing […]