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Cryptocurrency
Is It the Right Moment to Invest in Bitcoin? $1.02 Billion BTC Withdrawal Sparks Optimism
The cryptocurrency market is witnessing a notable shift in sentiment following a recent report from the Institute for Supply Management (ISM). This shift has introduced a temporary bearish outlook, especially impacting Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Over the past few days, Bitcoin has experienced a price decline exceeding 10%, reaching a pivotal level that has attracted the attention of investors and analysts alike. $1.02 Billion Worth…
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Cryptocurrency
Considering Bitcoin? $1.02B BTC Withdrawal Sparks Optimism
Recent reports from the Institute for Supply Management (ISM) have significantly influenced the cryptocurrency market, steering sentiment towards a bearish outlook, albeit temporarily. In the midst of this change, Bitcoin (BTC), the leading cryptocurrency by market capitalization, has seen its price fall by more than 10%, reaching a critical threshold. $1.02 Billion Worth of BTC Outflow from Exchanges Over the past three days, the market has experienced a continuous decline…
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Cryptocurrency
Thai Authorities Shut Down Bitcoin Mining Operation for Electricity Theft
In a significant crackdown on illegal activities within the cryptocurrency mining industry, Thai authorities recently conducted a raid on a substantial Bitcoin mining operation located in Chonburi. This operation was found to be illicitly using electricity by tampering with power meters, leading to severe financial repercussions. Details of the Raid and Financial Impact The operation, which was dismantled on January 9, 2025, had been stealthily rigging its electricity meters to…
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Cryptocurrency
Thai Authorities Close Bitcoin Mining Operation Due to Electricity Theft
In a significant move to curb illegal activities associated with cryptocurrency mining, Thai authorities have successfully raided a major Bitcoin mining operation in Chonburi. This operation came under scrutiny for tampering with power meters to illicitly consume electricity. The raid took place on January 9, 2025, unraveling a scheme that inflicted financial losses estimated in the hundreds of millions of Baht on local utilities. Details of the Raid The mining…
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Cryptocurrency
SEC Chair Gensler Unfazed by Trump’s Criticism: ‘I Feel Great’
Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), recently reflected on his influential role overseeing the expansive $120 trillion U.S. capital market. His tenure has been marked by significant developments and challenges that underscore the critical importance of these markets in underpinning the nation’s economic framework. Navigating Criticism and Public Scrutiny During his time as Chairman, Gensler faced a fair share of criticism, notably from…
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Cryptocurrency
Departing SEC Chair Gensler Dismisses Trump’s Critique: ‘I Feel Great’
In a recent interview, Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), provided insights into his challenging yet rewarding role overseeing the vast $120 trillion U.S. capital market. Gensler, during his tenure, navigated a complex landscape that is critical to the functioning of the U.S. economy. Navigating Criticism and Upholding Responsibilities Gensler addressed the various criticisms he encountered, some coming from high-profile figures like President-elect…
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Cryptocurrency
CleanSpark Reaches 10,000 Bitcoins in Reserve
In an exciting development within the cryptocurrency world, CleanSpark Inc, a prominent Bitcoin mining company based in the United States, has proudly announced reaching a significant milestone. The company has successfully accumulated over 10,000 bitcoins in its treasury, all self-mined from its U.S.-based operations. This achievement marks a momentous occasion for CleanSpark and highlights its strategic prowess in the competitive Bitcoin mining industry. Commitment to Operational Excellence and Strategic Growth…
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Cryptocurrency
CleanSpark Reaches 10,000 Bitcoin Milestone in Reserves
In an impressive advancement within the cryptocurrency industry, CleanSpark Inc, a leading American Bitcoin mining company, has proudly announced a monumental achievement. The company has successfully amassed over 10,000 bitcoins in its treasury, all of which have been self-mined from its operations situated entirely in the United States. Commitment to Excellence and Strategic Growth Zach Bradford, the Chief Executive Officer and President of CleanSpark, emphasized the significance of this milestone,…
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Circle Donates $1M USDC to Trump’s Inauguration Committee
In a remarkable move that underscores the growing influence of digital currencies, Circle has announced its substantial contribution of 1 million USDC to President Trump’s Inaugural Committee. This announcement was made by Circle’s CEO, Jeremy Allaire, on the social media platform X, highlighting the company’s commitment to supporting significant national events through innovative financial solutions. The Significance of USDC in Modern Transactions Jeremy Allaire expressed his enthusiasm about Circle’s role…
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Circle Donates $1M USDC to Trump’s Inaugural Committee
Circle’s Significant Contribution to President Trump’s Inaugural Committee In an exciting development within the cryptocurrency sector, Jeremy Allaire, CEO of Circle, announced that the company has contributed 1 million USDC to President Trump’s Inaugural Committee. This announcement, made on the social media platform X, underscores the growing influence and acceptance of digital currencies in mainstream financial transactions. Embracing Digital Dollars: A New Era Circle’s decision to contribute in USDC—a stablecoin…
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