๐จ๐ณ Chinese company Cango, specializing in automotive services, has sold its China-based business for $352 million to restructure itself as a Bitcoin mining company.
The new owner of the business will be Bitmain, which will provide Cango with mining power of 32 exahashes per second.
@DeCenterOrg
The new owner of the business will be Bitmain, which will provide Cango with mining power of 32 exahashes per second.
@DeCenterOrg
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๐บ๐ธ Yesterday, the SEC released guidance stating that asset-backed stablecoins are not considered securities โ as long as they do NOT generate income.
Earlier, it was reported that lawmakers view stablecoins primarily as a payment system, not an investment product.
This reinforces the broader regulatory direction: treating the sector as part of financial infrastructure rather than as securities.
@DeCenterOrg
Earlier, it was reported that lawmakers view stablecoins primarily as a payment system, not an investment product.
This reinforces the broader regulatory direction: treating the sector as part of financial infrastructure rather than as securities.
@DeCenterOrg
@DeCenterOrg
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๐ฐ The scam project ZKasino, which was trading with funds that were supposed to be returned to users, closed a 20x leveraged long position on Ethereum on Hyperliquid, incurring a total loss of $27 100 000.
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In the near term, increased volatility is expected.
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๐ช๐บ The European regulator has warned that cryptocurrency poses a threat to financial stability:
๐ด ESMA believes that the growth of the crypto market and its ties to traditional finance carry significant risks.
๐ด According to the agencyโs head, โthere are no safe crypto-assets.โ
๐ด Stricter regulation may be necessary.
๐ด Crypto currently makes up just 1% of global financial assets, but its influence is rapidly growing.
๐ด Key threats include stablecoins, hacks, fraud, and high-profile collapses.
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๐จ๐ณ There are rumors circulating online that China is selling off U.S. Treasury bonds and buying Bitcoin.
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@DeCenterOrg
๐บ๐ธ US Senate confirmed Paul Atkins to lead the SEC as it enters crypto friendly era.
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๐ The World Food Program USA, a nonprofit organization within the UN system, has begun accepting donations in more than 80 cryptocurrencies.
The call for new donations came after the Trump administration halted funding for the UNโs urgent humanitarian initiatives aimed at providing food aid to the worldโs poorest countries.
@DeCenterOrg
The call for new donations came after the Trump administration halted funding for the UNโs urgent humanitarian initiatives aimed at providing food aid to the worldโs poorest countries.
@DeCenterOrg
According to eyewitnesses, โfights break out regularly, and stabbings are not uncommonโ in this facility.
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