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Day: March 5, 2026
From Contraband to Cash Flow? Paraguay To Mine Bitcoin With 30,000 Seized Rigs
Paraguay’s state‑owned electricity monopoly, Administración Nacional de Electricidad (ANDE), has signed a Memorandum of Understanding (MoU) with infrastructure firm Morphware to launch a government‑run Bitcoin mining program powered by thousands of confiscated mining machines and surplus hydroelectric power. Related Reading In a first‑of‑its‑kind move, Paraguay state power company is about to become a Bitcoin miner. ANDE has signed a formal agreement with Morphware to to build a state‑run mining program that uses two things the country already has in abundance: seized mining rigs and cheap hydroelectric power from the Itaipú…
Tech Giants Sign Pledge to Cover AI Power Costs
US technology giants have signed a White House pledge to cover the power costs of their artificial intelligence data centers, which the Trump administration says will ensure consumers don’t pay higher utility bills. The non-binding “Ratepayer Protection Pledge” was signed by Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI on Wednesday, promising the companies would “build, bring, or buy” the energy needed for building and operating data centers and not pass on costs to consumers. “The data centers […] They need some PR help,” US President Donald Trump said at…
Ethereum Price Hits $2,200 Milestone, Traders Brace for Next Move
Ethereum price started a fresh increase above $2,120. ETH is now correcting gains from $2,200 and might decline further below $2,100. Ethereum started a downside correction from the $2,200 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,180 zone. Ethereum Price Rallies Over 8% Ethereum price started a fresh increase above…
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Bitcoin Price Jumps 8%, Breakout Hopes Reignite Across Crypto Markets
Bitcoin price started a steady increase above $70,000 and $72,000. BTC is now consolidating and might aim for more gains above $72,800. Bitcoin started a fresh increase after it settled above the $68,800 support. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $72,000 and $70,800 levels. Bitcoin Price Rallies Above $70,000 Bitcoin…
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Elon Musk Taps Captain Kirk to Showcase X Money
Elon Musk’s new payment app X Money has rolled out limited external beta testing this week, with early screenshots showing that users would be entitled to cashbacks and yield on deposits. One of the beta testers included Hollywood actor William Shatner, who played Captain Kirk in the original Star Trek series, and was invited to participate in the beta. Several screenshots shared by Shatner show that X Money users will be able to earn cashback on certain card purchases and earn 6% annual percentage yield on deposits. Source: Elon Musk…
Bitcoin To $750K? Arthur Hayes Drops Bold 2026 Price Prediction Amid Iran War
Arthur Hayes was wrong before. In December, the BitMEX co-founder predicted Bitcoin would hit $200,000 by March 2026. It didn’t. Bitcoin is trading near $71,000. Hayes is now calling for $500,000 to $750,000 by the end of the year, and his reasoning runs straight through the Middle East. Related Reading War, Spending, And The Fed Hayes argues that a prolonged US military conflict involving Iran would put severe pressure on federal finances. As government spending climbs, he believes policymakers would face little choice but to cut interest rates and pump…
Robert Kiyosaki Predicts Bitcoin ‘Blast off’ as Global Tensions Push Investors Toward Alternative Assets
Bitcoin could be headed for a blast off as safe-haven demand surges across markets, according to Rich Dad Poor Dad author Robert Kiyosaki, who pointed to gold’s huge spike as a signal for bitcoin and silver. Robert Kiyosaki Signals Bitcoin ‘Blast off’ After Gold’s Sudden $128 Spike Sparks Safe-Haven Rush Rich Dad Poor Dad author […] Original