One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli. Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5.1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday. The bankruptcy…
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Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve. The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO…
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The Bank of England is investigating the rise of financiers lending to data centers as a way to speculate on the future of AI, Bloomberg said. The UK’s top bank has already been examining market risks that could arise if AI companies fail to meet lofty valuations, warning that many could come crashing down in…
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Video-sharing platform Rumble is preparing to roll out Bitcoin tipping for its more than 51 million monthly active users, the company’s CEO Chris Pavlovski announced on Friday. Rumble has teamed up with stablecoin issuer Tether to enable Bitcoin (BTC) tipping, Pavlovski said onstage at the Plan ₿ Forum in Lugano, Switzerland. “Right now, we’re in…
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A solo Bitcoin miner has become the latest lucky person to win the “Bitcoin mining lottery,” pocketing a $347,455 block reward. Bitcoin node infrastructure company Umbrel said the solo miner won the block via the Public Pool Bitcoin mining pool, earning the 3.125 Bitcoin (BTC) block reward and a 0.016 BTC transaction fee on top.…
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A solo Bitcoin miner has beaten the odds to mine an entire block alone — earning $347,000 in rewards and showcasing the network’s decentralized spirit. Source link
Polymarket bettors have now tipped a 12% chance that former FTX CEO Sam Bankman-Fried will be pardoned this year, after Binance CEO Changpeng “CZ” Zhao was let off the hook this week. Polymarket odds for “Who will Trump pardon in 2025” saw SBF’s odds rise from 5.6% to 12% in 12 hours, with more than…
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The three-week-long US government shutdown is “likely to end sometime this week,” according to a White House economic adviser, potentially reviving crypto regulatory progress. “I think the Schumer shutdown is likely to end sometime this week,” Hassett told CNBC’s Squawk Box segment on Monday, referring to Senate Minority Leader Chuck Schumer, whom Republicans have pointed…
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A Florida House Republican has filed a revised bill to allow the state to invest in digital assets, such as Bitcoin and crypto ETFs, after Florida’s operations subcommittee withdrew his initial attempt in June. The Florida House Bill 183 would let the state and certain public entities invest up to 10% of their funds in…
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Several Bitcoiners, including Jack Dorsey, have reinforced their push for the privacy-focused messaging app Signal to adopt Bitcoin through a new “Bitcoin for Signal” campaign, which aims to integrate Bitcoin with the Cashu protocol to enable payments within the app. “@Signalapp should use Bitcoin,” Dorsey posted to X on Thursday, retweeting a post from pseudonymous…
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