Pakistan to Use Excess Energy for Bitcoin Mining
Pakistan is enhancing its crypto-friendly policies by proposing the use of surplus electricity for Bitcoin and Proof-of-Work (PoW) mining.
Bernstein Cuts Price Target for Bitcoin Miners
Analysts at Bernstein have lowered their 2025 price targets for Bitcoin miners IREN, CleanSpark, and Riot Platforms, citing significant underperformance relative to Bitcoin this year.
What is Bitcoin Mining and How Does it Work?
In simple terms, Bitcoin mining is the process of creating new Bitcoins by using powerful computers to solve complex mathematical problems.
Japanese Firm Metaplanet Buys 150 Bitcoins
Tokyo-listed investment firm Metaplanet has increased its Bitcoin holdings by purchasing an additional 150 BTC for $12.5 million at an average price of $83,508 per Bitcoin.
Xapo Bank Unveils Bitcoin-Backed Loans
Xapo Bank has launched a Bitcoin-backed loan service, enabling eligible members to obtain USD loans without selling their Bitcoin.
Bank of Korea Rejects Bitcoin for its Foreign Reserves
The Bank of Korea has opted not to include Bitcoin in its foreign exchange reserves due to its high volatility and failure to meet the International Monetary Fund’s guidelines on liquidity and risk management.
Bitwise Launches an ETF Focused on Companies with at Least 1,000 BTC in Their Treasury
Bitwise has launched a new exchange-traded fund.
