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Hut 8 Navigates Strategic Shift Amidst Q1 Losses

9 May 2025 1 minute read 1 comment Yugocean

     In the first quarter of 2025, Canadian Bitcoin mining firm Hut 8 reported a net loss of 134.3 million despite significant operational progress, marking a 60% drop. However, Hut 8's stock experienced bull, buoyed by Bitcoin's surge past the $100k...

Arizona Governor Vetoes Bitcoin Bill

4 May 2025 1 minute read 0 comments Yugocean

     Arizona Governor Katie Hobbs has vetoed the state's proposed Bitcoin bill, citing Bitcoin as an untested investment. Arizona thus becomes the first US state where such a bill has been formally rejected by a sitting governor. This move raises fre...

Cantor Fitzgerald, SoftBank, Tether, and Bitfinex Form Institutional Investment Partnership in Bitcoin

23 Apr 2025 1 minute read 1 comment Yugocean

     A new collaboration has been established between Cantor Fitzgerald, SoftBank, Tether, and Bitfinex, aiming to invest approximately $3 Billion in Bitcoin. Let's check it. Strategy 2.0:      The partnership, involving major financial entities des...

Trump Government May Use Tariff Revenue to Buy Bitcoin

16 Apr 2025 1 minute read 4 comments Yugocean

       According to Bo Hines, Executive Director of the President's Advisory Council on Digital Assets, the Trump administration is considering the use of tariff revenue to purchase Bitcoin. Lets understand it: Strengthening Reserves Without Tax...

Swedesh lawmaker Nordin proposes Bitcoin Reserve

13 Apr 2025 1 minute read 0 comments Yugocean

     Swedish Member of Parliament Rickard Nordin has proposed the inclusion of Bitcoin in the country’s national foreign exchange reserves. Lets find the significance:   A Vision of Global Trends      Nordin"s proposal appears to be drawn inspiration...

Crypto Market Hits Red as Bear Attack Strikes Hard

7 Apr 2025 1 minute read 0 comments Yugocean

     The crypto market has taken another hit... and yes, this is not the first time. However, this downturn is not about diving into despair, but rather checking the depths before any further plunge. Market Crash Update      The cryptoverse has expe...

Russia's new BTC Reserve Policy will transfer confiscated BTC to State Reserve

4 Apr 2025 1 minute read 0 comments Yugocean

Russia's new BTC Reserve Policy      Russia has introduced a new reserve policy, which includes intentions for converting stolen Bitcoin into state money. This policy is based on a legal precedent established in a bribery case, in which about 1,032...

Kentucky approvs Cryptoverse by law

26 Mar 2025 1 minute read 2 comments Yugocean

Crypto Becomes legal in Kentucky      On March 24, the Governor of Kentucky, Andy Beshear, signed House Bill 701, also known as the Blockchain Digital Assets Act, into law. Introduced by Representative Adam Bowling in February, this bill makes Bitcoi...

Pakistan to enter into Bitcoin Mining

22 Mar 2025 1 minute read 0 comments Yugocean

     This is more like a joke, but news is confirmed, yet there is more before final decision is made, let's check.     Pakistan for BTC mining?      Pakistan is attempting to attract Bitcoin mining operators, possibly drawing inspiration from th...

Lazarus Group has made North Korea rich

17 Mar 2025 1 minute read 5 comments Yugocean

Increase in BTC HODL      The Lazarus Group, led by Park Jin-hyok, which operates on behalf of the North Korean government, has successfully converted the hacked Ether (ETH) into Bitcoin (BTC) following the recent Bybit attack. Consequently, the Nort...