Ethiopia's Potential as a Bitcoin Mining Hub Ethiopia is quickly emerging as Africa's most promising bitcoin mining hub, with the potential to secure a significant share of the global hashrate. Recent attention from a Bloomberg article and the Ethiopian Government's announcement of a bitcoin mining investment have thrust the Ethiopian bitcoin mining sector into the […]
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Proposal to Include Bitcoin ETFs in State Retirement Systems The Arizona State Senate is currently reviewing a proposal that suggests the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) should investigate the possibility of incorporating Bitcoin ETFs into their investment portfolios. Recent Progress in the Senate On February 22, the
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Generation Bitcoin has taken a significant step in uniting student groups globally with the launch of the Bitcoin Students Network (BSN). This initiative aims to educate and empower students in the Bitcoin space by providing logistical, educational, and financial resources through a comprehensive platform. Connecting Students Globally BSN's primary objective is to establish connections among
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The United States federal government has recently increased its Bitcoin holdings by transferring $922 million from wallets linked to Bitfinex hackers in a seizure. Accumulating Bitcoin through Seizures Through a series of seizures and asset forfeitures, the US federal government has amassed a significant amount of Bitcoin, establishing itself as one of the largest holders
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The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has reiterated his previous warnings about the "non-compliance" in the crypto industry, referring to it as a global "Wild West." This warning comes as the demand for Bitcoin exchange-traded funds (ETFs) continues to rise, with Blackrock, a leading asset manager, announcing its plan to invest
Arthur Hayes Predicts Banks to Replace Tether and Other Stablecoin Companies Arthur Hayes, the former CEO of Bitmex and current CIO of Malestrom, an early-stage crypto-focused investment fund, has expressed his belief that major banks will eventually take over the stablecoin industry, which is currently dominated by Tether, the company behind USDT. During an interview
The Avalanche Foundation, a leading institution that supports avalanche initiatives, has recently made an exciting announcement. It plans to invest in meme coins, marking a significant expansion of its investment portfolio. The foundation will utilize funds from its $100 million Culture Catalyst fund, which was launched in 2022. The selection of meme coins will be
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Introduction The U.S. Securities and Exchange Commission (SEC) is expected to make a decision regarding the approval of spot bitcoin exchange-traded funds (ETFs) by Tuesday or Wednesday, according to a report. The anticipation for the launch of the first-ever U.S. spot bitcoin ETFs has grown stronger as prominent asset managers have updated their filings with
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An Overview of NFT Sales in 2023 In 2023, the non-fungible token (NFT) market experienced a significant decline in sales compared to the previous year. According to recent statistics, NFT sales amounted to $8.70 billion, representing a 63.35% decrease from the $23.74 billion recorded in 2022. A Closer Look at the Numbers Despite the drop
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Trump’s Market Crash and Depression Warnings Former U.S. President Donald Trump has issued a stark warning about the potential consequences for the U.S. economy if he fails to secure victory in the upcoming presidential election. Trump believes that the country could face a stock market crash worse than the one experienced in 1929, leading to