Tag: Report

Bitcoin Mining Powers Ethiopia’s $55M Surplus Energy Revenue: Report 

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Ethiopia’s state utility generated $55 million from bitcoin mining using surplus hydropower, reinvesting profits to accelerate rural electrification projects. Ethiopian Electric Power earned $55 million over 10 months—18% of its annual revenue—by diverting otherwise wasted hydroelectricity to bitcoin mining operations, according to an Ethiopian Tribune report. The revenue funds strategic infrastructure development, expanding transmission lines, […] Original

Citigroup, JPMorgan Lead Blockchain Push: Ripple Report

Citigroup, JPMorgan Chase, Goldman Sachs and Japan’s SBI Group have emerged as the most active players in traditional finance backing blockchain startups, according to a new report by Ripple in partnership with CB Insights and the UK Centre for Blockchain Technologies. Between 2020 and 2024, global banks participated in 345 investments in blockchain companies, most of them in early-stage funding rounds, per the report. Citigroup and Goldman Sachs led the pack with 18 deals each, while JP Morgan and Mitsubishi UFJ followed closely with 15 investments. Mega-rounds, deals worth $100…

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero

Qubic has released a detailed mining report just two days before its expected 51% dominance attempt on the Monero network, laying out earnings, network influence, and strategic intent. Qubic Lays out 51% Plan In the Epoch 171 mining recap titled “Warming Up the Engines,” written by “retrodrive,” Qubic revealed it earned $180,250 by selling 459 […] Source CryptoX Portal

Report: PENGU Token’s ‘Social Currency’ Role Underpins Novel ETF Bid

A proposed exchange-traded fund (ETF) combining Pudgy Penguins’ PENGU token and its non-fungible tokens (NFTs) has progressed to formal review by the U.S. Securities and Exchange Commission (SEC), according to a new report by Animoca Brands Research. Animoca Highlights Pudgy Penguins’ Path: IP Boom to ETF Filing Animoca researchers note that the hybrid product, filed […] Source CryptoX Portal

$141,000 Could Be Next Key Bitcoin Resistance If Price Breaks Higher, Report Says

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A new Glassnode report has revealed that $141,000 could end up being the next major resistance for Bitcoin, should its price break convincingly higher. Bitcoin Is Currently Trading Between These Two STH Pricing Bands In its latest weekly report, the on-chain analytics firm Glassnode has discussed the Short-Term Holder (STH) Cost Basis and some pricing bands derived from it. This indicator measures, as its name suggests, the cost basis or acquisition level of the average investor part of the STH cohort. Formally, STHs are defined as investors who have been…

Trump White House Releases Crypto Regulation Report

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The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies.  Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are securities and which are commodities was the first issue outlined in the report, released on Wednesday. According to recommendations in the document, jurisdictional oversight over digital assets should be shared between the Commodity Futures Trading…

White House Plans the Release of Crypto Policy Report

Key Notes The White House has scheduled the release of a crypto policy report for July 30. The document holds information on President Donald Trump’s administration’s stance on crypto-related subjects like tokenization. The cryptocurrency working group, established in the early days of Trump’s administration, is responsible for the release of the crypto policy report. The White House has scheduled the release of a crypto policy report for July 31, keeping the broader cryptocurrency sector in anticipation mode. This document holds details of the federal government’s stance on crypto assets as…

Kraken Seeks $500M Funding At $15B Valuation: Report

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Kraken is reportedly set to raise half a billion dollars in funding at a valuation of $15 billion as the American crypto exchange eyes a potential public offering.  The Information reported the $500 million funding plan on Tuesday, citing people familiar with the matter, adding that Kraken was last valued at about $11 billion in 2022. Bloomberg reported in March that Kraken was targeting a public debut as early as the first quarter of 2026, citing a more friendly regulatory environment under the Trump administration. The company could be looking…

BTC Price Compression May End With White House Crypto Report

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Key points:  Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon.  This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Bitcoin (BTC) continued to trade within the $117,000 to $120,000 range on Tuesday, and it looks poised for a daily close below $118,000. Some analysts have called for BTC to retest underlying support at $114,000 to $110,000, and while technicals do support such a…