The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity. Bitcoin Mining Demand Might Spur Energy Collapse in Paraguay by 2029 Paraguay, a […] Original
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Dogecoin and Shiba Inu prices have seen major price surges over the last few days. In one day alone, both meme coins saw their values skyrocket by more…
Analysts are criticizing the financial implications of US President Donald Trump’s import tariffs, a development that some say highlights Bitcoin’s unique economic properties during times of global uncertainty. Trump’s 90-day pause on higher reciprocal tariffs, reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according to critics. Economist and author of The Bitcoin Standard, Saifedean Ammous, said Trump’s decision to reverse the higher tariffs was likely a reaction to rising bond yields, suggesting the administration’s hand was forced. “Trump fought…
Key Notes Japanese investment company Metaplanet Inc added 145 BTC, pushing total holdings past 5,000 coins. The firm aims to reach 10,000 BTC by the end of 2025. Despite the buy-up, the Bitcoin market shows signs of consolidation, with traders split in direction. Tokyo-listed investment firm Metaplanet has surpassed 5,000 Bitcoin BTC $92 491 24h volatility: 1.2% Market cap: $1.84 T Vol. 24h: $36.92 B in its portfolio, marking an essential step in its long-term strategy for digital assets. This latest purchase brings the company halfway to its goal of…
Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear market as user inflows dry up this year. Data from onchain analytics platform CryptoQuant reveals exchanges’ average net flows hitting two-year records. Bitcoin analysis eyes “reaccumulation of assets” Bitcoin may be trading significantly higher than…
Key Notes Revolut doubled profits from £438 million in 2023 to £1 billion in 2024. The fintech company secured its UK banking licence in 2024. The growth in profit is linked to new users, a banking licence, and a growth in crypto trading. Revolut, a fintech company, has doubled its profit to £1 billion ($1.3 billion) in the fiscal year of 2024. The company reported that this rise in profit was linked to tremendous growth in the crypto trading activities, an increase in new users, as well as securing the…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. This week’s market recovery has seen Bitcoin (BTC) surge over 10% to retest a key barrier for the first time in weeks. Amid this performance, some analysts suggest that…
JPMorgan analysts said that gold could extend its bull market through 2026, with the price of a troy ounce of the metal reaching $4,000, supported by the current trade war climate and ongoing demand from investors and central banks. JPMorgan Believes Gold May Touch $4,000 an Ounce in 2026 Gold keeps making headlines in one […] Source CryptoX Portal
Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and […] Original
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…