Tag: Report

Report: Bitdeer Eyes US Bitcoin Mining Rig Production as Industry Navigates Tariff Uncertainty

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Publicly listed bitcoin mining company Bitdeer is preparing to manufacture its mining equipment in the United States, a move shaped by U.S. President Donald Trump’s trade policies. Trump’s Tariffs Push Bitdeer Toward Self-Mining and American-Made Bitcoin Miners Facing the Trump administration’s tariffs, bitcoin mining rig producers are recalibrating their operational strategies. As reported by Bloomberg […] Original

OpenAI is building ‘X-like social network’ to rival Elon Musk — Report

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Large language model developer OpenAI is reportedly working on a new social media network, putting the company on a collision course with Elon Musk’s X and Mark Zuckerberg’s Meta Platforms. Citing anonymous sources, The Verge reported on April 15 that OpenAI is developing an “X-like social network” that combines ChatGPT’s image generation tools and a social feed, presumably to allow users to share their AI-generated pictures with a broader audience.  It’s unclear whether OpenAI will spin out a new social media platform or roll the features into ChatGPT, the sources…

Trump’s next crypto play will be Monopoly-style game — Report

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US President Donald Trump is venturing deeper into the world of digital assets, with a new project blending gaming and cryptocurrency elements, Fortune reported, citing sources familiar with the project. The project, set to launch in late April, will resemble MONOPOLY GO!, a mobile game where players travel around a board and earn money for constructing buildings in a digital city, according to the report. Bill Zanker, a member of Trump’s circle and part of the team that helped launch Trump’s memecoin and various NFT collections, is behind the game,…

Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult — Report

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Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets.  Bitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for its mining hardware from other miners, Bloomberg reported on April 15. “Our plan going forward is to prioritize our own self-mining,” Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives, reportedly said.  Additionally, Bitdeer plans to scale US hardware manufacturing in the second half of the year as US…

South Korea blocks 14 crypto exchanges on Apple Store — Report

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South Korea is expanding a ban on digital asset firms’ applications servicing its citizens. On April 11, the country’s Financial Services Commission (FSC) announced that 14 crypto exchanges were blocked on the Apple store. Among the affected exchanges are KuCoin and MEXC. The report, which was made public on April 14, says the banned exchanges were allegedly operating as unregistered overseas virtual asset operators. The report also states that the Financial Information Analysis Institution (FIU) will continue to promote the blocking of the apps and internet sites of such operators…

Anchorage Digital faces scrutiny from US Homeland Security — Report

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The US Department of Homeland Security’s El Dorado Task Force has reportedly launched an investigation into Anchorage Digital Bank, a Wall Street-backed cryptocurrency firm.  According to an April 14 Barron’s report, members of the task force have contacted former employees of the company over the past weeks to examine its practices and policies. Citing unidentified sources, the report claims the probe looks at potential financial crimes within Anchorage.  The reported Homeland task force probe hints at cross-national financial activities. Established in 1992, the El Dorado Task Force focuses on “transnational…

Binance preps US comeback, courts Trump for help: report

Binance, the world’s largest cryptocurrency exchange, is plotting a return to the U.S. based on newfound ties with the Trump family. According to the Wall Street Journal, executives from Binance met with U.S. Treasury officials last month to request the removal or reduction of a federal monitorship that has overseen the exchange’s compliance with anti-money-laundering laws since it pled guilty in 2023 and paid a record $4.3 billion fine. Canada also fined Binance, but the penalty was much lower at $4.3 million. At the same time, Binance has been exploring…

US Social Security moves public comms to X amid DOGE-led job cuts — Report

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The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon Musk. According to anonymous sources who spoke with WIRED, the government agency will no longer issue its customary letters and press releases to communicate changes to the public, instead relying on X as its primary form of public-facing communication. The shift comes as the SSA downsizes its workforce from 57,000 employees to roughly 50,000 to reduce…

US Senate bill threatens crypto, AI data centers with fees — Report

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Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report.  Led by Senate Democrats Sheldon Whitehouse and John Fetterman, the draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills, Bloomberg said. Dubbed the Clean Cloud Act, the legislation mandates that the Environmental Protection Agency (EPA) set an emissions performance standard for data centers and crypto mining facilities…

Pakistan proposes compliance-based crypto regulatory framework — Report

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Regulators in Pakistan have proposed a regulatory framework for digital assets that is compliance-focused, in accordance with rules laid out by the Financial Action Task Force (FATF), the supranational organization that polices finance for money laundering, The Express Tribune reported. According to the report, Pakistan’s Federal Investigation Agency (FIA) introduced the regulatory framework to address terrorism financing, money laundering provisions, and Know Your Customer (KYC) controls enforced by the supranational organization. The report cited FIA Director Sumera Azam as saying: “This is a paradigm shift in how Pakistan views digital…