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The Czech National Bank (CNB) will vote today on a proposal for a $7 billion bitcoin reserve, but Czech Finance Minister Zbynek Stanjura has warned of bitcoin's high volatility, arguing that it does not meet the requirements for central bank stability. CNB President Michl plans to propose investing up to 5% of his reserves in bitcoin, noting that interest in bitcoin has continued to grow since the launch of BTC spot ETFs by institutions such as BlackRock. However, he also acknowledged the high v...
Blockchain analytics platform bitsCrunch has launched a $5 million ecosystem grant program to support Web3 developers with funding, API credits, and token-based assistance.
Hours after Trump announced a major artificial intelligence investment, he was questioned by one of his closest allies, Musk, according to the AXIOS website. Musk's public sabotage of the $500 billion project led by OpenAI and other tech giants could anger Trump. The two have grown closer since Trump won back the White House, but this may be one of their most public disagreements to date....
BIT Mining acquired 51 trillion watts of power facilities and nearly 18,000 bitcoin mining machines in Ethiopia in a $14 million deal. Because electricity costs in Ethiopia are about 70% lower than in the United States, the company was able to transfer older mining machines that were phased out in the United States to local use, thus extending the life of mining machines by about two years. Currently, Ethiopia contributes 1.5% of the Bitcoin network's hashrate, the same as Norway. BIT Mining cho...
U.S. services activity picked up in December, but an index measuring input prices surged to a near two-year high, indicating rising inflation, in line with the Federal Reserve's forecast for a smaller rate cut this year. The Institute for Supply Management (ISM) said on Tuesday that its non-manufacturing PMI rose to 54.1 last month from 52.1 in November, beating market expectations of 53.3, on the back of strong demand. So-called hard data, including consumer spending, suggest the U.S. economy p...
MicroStrategy has announced a plan to issue additional shares, which will provide the company with more funds to purchase bitcoin.
OpenAI announced a major update on December 11 that opens up Canvas functionality to all ChatGPT users. "Canvas is now available to all ChatGPT users and has executable code," said Sam Altman, CEO of OpenAI. (Interface)
HQLAx confirmed its involvement in an intraday repo transaction during which Goldman borrowed cash from Clearstream in exchange for collateral held on the HQLAx DLT platform. The transaction was part of the European Central Bank's (ECB) trial of wholesale DLT settlement using central bank funds. In this case, the cash portion of the transaction used the Bundesbank's Trigger solution. Although HQLAx has participated in several delivery versus payment (DvP) repurchase simulations, this is the firs...
The Trump Media Technology Group applied for a service called TruthFi on Monday, describing it as a platform for making crypto payments.
The Department of Justice announced a criminal charge on November 8 local time, accusing Iran of plotting to murder former US president and Republican presidential candidate Donald Trump ahead of this week's US presidential election. The Justice Department said an Iranian official directed a contact in September to develop a plan to spy on and ultimately kill Trump. The plan was thwarted by the FBI and failed. There has been no response from Iran.
