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Prominent venture capitalist Tim Draper has spoken out against Bitcoin maximalism, stating that innovation and progress are the ultimate goal. The legendary billionaire, who accumulated his wealth with successful early bets…
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Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries,…
In brief
The International Monetary Fund has rejected Pakistan's proposal to offer subsidised electricity for crypto mining.
The IMF cited risks of market distortion in the struggling power sector.
Pakistan’s crypto mining ambitions…
In brief
Arizona Governor Katie Hobbs vetoed the bill, saying it “disincentivizes local law enforcement from working with the state.”
The bill’s rejection marks Hobbs’ third Bitcoin legislation-related veto this year, as…
Key Points:Tether’s CEO Paolo Ardoino states no plans for an IPO.Current Tether market valuation labeled as conservative.Dismissal impacts IPO expectations and market sentiment.
Tether CEO Paolo Ardoino recently declared that the…
Ripple CEO Brad Garlinghouse has firmly denied recent reports claiming his company made a $4 to $5 billion offer to acquire stablecoin issuer Circle. During a conversation with Georgetown Law…
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Key Takeaways:New York City Comptroller Brad Lander firmly rejected Mayor Eric Adams’s proposal to issue Bitcoin-backed municipal bonds.
Lander warned that using volatile crypto assets to fund infrastructure and housing projects…