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Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers. The move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel. In the first …
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Key points: Bitcoin is heading further away from its latest all-time highs as US trade tariffs dictate the mood. Traders are unfazed, arguing that BTC price action can retest even lower levels while maintaining its bull run. Hyperliquid trader James Wynn goes short BTC after closing a long worth $1.25 billion. Bitcoin (BTC) failed to …
Continue reading “Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K”
Key points: Bitcoin is heading further away from its latest all-time highs as US trade tariffs dictate the mood. Traders are unfazed, arguing that BTC price action can retest even lower levels while maintaining its bull run. Hyperliquid trader James Wynn goes short BTC after closing a long worth $1.25 billion. Bitcoin (BTC) failed to …
Continue reading “Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K”
A Manhattan crypto investor is facing serious charges after allegedly kidnapping and torturing an Italian man in a disturbing bid to extract access to digital assets. John Woeltz, 37, was arraigned on Saturday in Manhattan criminal court following his arrest on Friday. He stands accused of holding a 28-year-old Italian man captive for weeks inside …
Continue reading “Crypto investor charged with kidnapping, torturing an Italian for passwords”
A Manhattan crypto investor is facing serious charges after allegedly kidnapping and torturing an Italian man in a disturbing bid to extract access to digital assets. John Woeltz, 37, was arraigned on Saturday in Manhattan criminal court following his arrest on Friday. He stands accused of holding a 28-year-old Italian man captive for weeks inside …
Continue reading “Crypto investor charged with kidnapping, torturing an Italian for passwords”
Australian Senator Gerard Rennick has drawn criticism from the Bitcoin community following his remarks referring to Bitcoin as a Ponzi scheme and questioning the asset’s value because it isn’t digestible. “You can’t eat Bitcoin,” Rennick said in a May 23 X post, responding to an X user who questioned his stance after Bitcoin hit a …
Continue reading “Bitcoiners fire back at Aussie senator's 'you can't eat Bitcoin' remark”
Australian Senator Gerard Rennick has drawn criticism from the Bitcoin community following his remarks referring to Bitcoin as a Ponzi scheme and questioning the asset’s value because it can’t be eaten. “You can’t eat Bitcoin,” Rennick said in a May 23 X post, responding to an X user who questioned his stance after Bitcoin hit …
Continue reading “Bitcoiners fire back at Aussie senator's 'you can't eat Bitcoin' remark”
ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy no matter how big crypto wallet adoption becomes over the next decade. “I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a …
Continue reading “Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood”
ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy, regardless of how widespread crypto wallet adoption becomes over the next decade. “I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a …
Continue reading “Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood”
Today in crypto, ARK Invest CEO Cathie Wood says crypto ETFs are here to stay, crypto industry executive and users report scam Ledger phishing letters sent by physical mail. Meanwhile, a judge has vacated key fraud and manipulation convictions against Mango Markets exploiter Avraham Eisenberg. Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows …
