🇨🇳 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
Please open Telegram to view this post
VIEW IN TELEGRAM
🇺🇸 Yesterday, the SEC released guidance stating that asset-backed stablecoins are not considered securities — 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
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
🎰 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.
@DeCenterOrg
@DeCenterOrg
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
In the near term, increased volatility is expected.
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
🇪🇺 The European regulator has warned that cryptocurrency poses a threat to financial stability:
🔴 ESMA believes that the growth of the crypto market and its ties to traditional finance carry significant risks.
🔴 According to the agency’s head, “there are no safe crypto-assets.”
🔴 Stricter regulation may be necessary.
🔴 Crypto currently makes up just 1% of global financial assets, but its influence is rapidly growing.
🔴 Key threats include stablecoins, hacks, fraud, and high-profile collapses.
@DeCenterOrg
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
🇨🇳 There are rumors circulating online that China is selling off U.S. Treasury bonds and buying Bitcoin.
@DeCenterOrg
@DeCenterOrg
🌏 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 UN’s urgent humanitarian initiatives aimed at providing food aid to the world’s poorest countries.
@DeCenterOrg
The call for new donations came after the Trump administration halted funding for the UN’s urgent humanitarian initiatives aimed at providing food aid to the world’s poorest countries.
@DeCenterOrg
According to eyewitnesses, “fights break out regularly, and stabbings are not uncommon” in this facility.
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
🇵🇭 "Artificial intelligence" turned out to be a crowd of Filipinos
The startup Nate marketed itself as an AI-powered online shopping assistant — the promise was that a neural network would automatically fill in all checkout fields at the click of a button.
In reality, the "AI" was actually a team of people: dozens of Filipinos manually carried out all the tasks instead of an algorithm.
Despite this, Nate managed to raise over $50 million in investments since its founding in 2018.
@DeCenterOrg
The startup Nate marketed itself as an AI-powered online shopping assistant — the promise was that a neural network would automatically fill in all checkout fields at the click of a button.
In reality, the "AI" was actually a team of people: dozens of Filipinos manually carried out all the tasks instead of an algorithm.
Despite this, Nate managed to raise over $50 million in investments since its founding in 2018.
@DeCenterOrg