Contracts that sell power to a 4% slice of the world’s bitcoin mining at $44 a megawatt-hour expire on Dec. 31, 2027. Paraguay’s state utility calls the date final, and it has just signed a 15-year deal to power a Founders Fund-backed AI campus.
Bitcoin is down 21% this year as investors weigh Anthropic’s anticipated listing, Nvidia’s leadership upheaval and rising Fed rate hike expectations.
Bitcoin fell below its 200-week moving average as the Dollar Index held above 103, while gold struggled to recover and oil prices rebounded.
Bitcoin fell below $70,000 on Friday, extending its recent decline as investor sentiment deteriorated amid institutional outflows, tightening liquidity and broader macroeconomic pressures. Bitcoin (BTC) is trading at $68,607.23 at the time of writing, down 9.2% in the last week, according to CoinGecko. The decline… Read More
Federal authorities say they’ve taken infrastructure used in the FaceStealer scheme used to steal as much as $400 million in crypto assets.
The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they’re saying the tax won’t work.
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