Finance - BE UPDATED

Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for Bitcoin Mining

By admin February 5, 2025FinanceNo Comments

Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a "vertically integrated" BTC mining operation.“We are really…

Bitcoin Price (BTC) Tumbles Below $97K as Rally Fails

By admin February 4, 2025FinanceNo Comments

The rally in bitcoin (BTC) and crypto from the weekend's tariff-induced panic has proven to be a short-lived one.Late in the U.S. trading day, bitcoin was down 4.8% over the…

Regulation By Enforcement Is Out at CFTC, Acting Chair Pham Says

By admin February 4, 2025FinanceNo Comments

U.S. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham said Tuesday the regulatory agency has reorganized its enforcement division to “refocus” on fraud and “stop regulation by enforcement.”Under former…

SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force

By admin February 4, 2025FinanceNo Comments

The U.S. Securities and Exchange Commission’s (SEC) newly-created Crypto Task Force is working to create long-awaited regulatory clarity for the crypto industry, according to a Tuesday statement from Commissioner Hester…

Bitcoin OP_CAT Proposal Gets Boost From Taproot Wizards’ $30M Fundraise

By admin February 4, 2025FinanceNo Comments

Taproot Wizards has raised $30 million with which it plans to build an ecosystem of applications using the OP_CAT Bitcoin improvement proposal (BIP).OP_CAT is a feature that Bitcoin's pseudonymous founder…

Acting SEC Chair Uyeda Names 3 Appointees to Agency’s New Crypto Task Force

By admin February 4, 2025FinanceNo Comments

The U.S. Securities and Exchange Commission’s (SEC) Acting Chairman Mark Uyeda unveiled a list of the agency’s newly-appointed executive staff on Tuesday, including three members of the Crypto Task Force.Two…

Trump’s Crypto Czar Sacks Says ‘Golden Age’ Coming

By admin February 4, 2025FinanceNo Comments

The U.S. House of Representatives and Senate are forming a joint working group to advance crypto legislation, and David Sacks, the crypto czar appointed by President Donald Trump, said his…

Ex-Valkyrie CEO Leah Wald’s Sol Strategies Bolsters SOL Holdings to More than $40M

By admin February 4, 2025FinanceNo Comments

Solana-focused Canadian investment company Sol Strategies purchased 40,300 SOL between Jan. 19 and Jan. 31, for approximately $9.9 million at an average price of $246.53 per token.The Toronto-based company, which…

The DeepSeek-R1 Effect and Web3-AI

By admin February 4, 2025FinanceNo Comments

The artificial intelligence (AI) world was taken by storm a few days ago with the release of DeepSeek-R1, an open-source reasoning model that matches the performance of top foundation models…

A Q&A With Vivek Raman

By admin February 4, 2025FinanceNo Comments

Ethereum is facing an identity crisis. Its native token, ether (ETH), is underperforming against competitors, and longtime builders are beginning to question whether the chain's technology is falling behind—and if…