KULR Technology Group Inc. (NYSE American: KULR) has expanded its bitcoin ( BTC) mining operations, the company announced July 9. KULR Reaches 750 PH/s Bitcoin Mining Milestone On Wednesday, KULR disclosed that it deployed 3,570 Bitmain S19 XP 140 terahash per second (TH/s) bitcoin mining machines at facilities in Asunción, Paraguay. This deployment increases KULR’s […] Source CryptoX Portal
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President Donald Trump’s eldest son, Donald Trump Jr., has invested in Thumzup Media Corp., a social media firm building a Bitcoin treasury. According to Bloomberg, Trump Jr. acquired 350,000 shares of the Los Angeles-based company, valued at over $4 million at the time of disclosure. Notably, the purchase was made following a recommendation from his investment adviser, and he has no active role within the company. The stake was revealed shortly after a $6 million private placement of convertible preferred stock, arranged by Dominari Securities, where both Donald Jr. and…
Remixpoint has raised $215 million (31.5 billion yen) to fund a significant bitcoin acquisition, setting a near-term goal of owning 3,000 BTC. The board cited long-term conviction in bitcoin’s value and corporate growth potential. Japanese Firm Remixpoint Raises Fresh Capital to Fund Major Bitcoin Acquisition Japanese energy and tech firm Remixpoint has announced a bold […] Original
The US national debt recently hit a new all-time high (ATH), surging above $36.5 trillion and putting significant pressure on the US Dollar Index (DXY). As the DXY struggles under the weight of mounting debt, crypto analysts believe capital may soon shift to risk-on assets like Bitcoin (BTC). DXY Breakdown Suggests Bitcoin Rally According to a recent CryptoQuant Quicktake post by contributor Darkfost, the DXY has dropped to a historically weak level, currently trading 6.5 points below its 200-day moving average (MA) – the largest deviation in the past 21…
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Australia’s central bank said on Thursday it’s moving to its next stage in exploring digital currencies, launching a trial on how digital money and tokenization can support wholesale financial markets. The Reserve Bank of Australia (RBA) said in a statement on Thursday that stablecoins, bank deposit tokens and a pilot wholesale central bank digital currency (CBDC) will be used by partners participating in the trial. The trial is phase two of Project Acacia, a joint initiative from the RBA and the Digital Finance Cooperative Research Centre announced in November last…
US spot Bitcoin exchange-traded funds (ETFs) have just crossed $50 billion in net inflows, just 18 months after their inception in January 2024. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the charge with a net inflow of $53 billion, whereas the Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second highest net inflow of $12.29 billion. Grayscale Bitcoin Trust ETF (GBTC) was the only fund to witness a net outflow, losing $23.34 billion, according to Farside Investors. Bitcoin ETFs surpass $50 billion in net inflows, with IBIT and FBTC witnessing…
American semiconductor giant Nvidia has just surpassed $4 trillion in market capitalization, becoming the first company ever to reach the lofty milestone. Nvidia beat tech giants Microsoft and Apple to the market capitalization landmark as its stock price increased to an all-time high on Wednesday. Company shares rose around 2% during early trading to reach an all-time high of $164.32 before cooling slightly to $163.36 in after-hours trading, according to Google Finance. The spike in share prices, driven by investor confidence in AI’s transformative potential, pushed the firm’s valuation to…
Crypto ATM operator Bitcoin Depot has only just notified its users of a data breach from mid-last year that exposed the private information of nearly 27,000 customers. In a notice to customers filed with attorneys general in Maine and Massachusetts on Monday, Bitcoin Depot said a total of 26,732 users’ data was affected by an “external system breach” that happened on June 23, 2024. A Bitcoin Depot spokesperson told Cointelegraph that “at the direction of federal law enforcement, we were asked to delay notification due to an active investigation into…