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Geothermal energy startups are on the increase, thanks to energy-hungry AI
The rise in energy demand to power AI systems has spurred a new breed of investments – geothermal energy startups to complement energy supplies. According to a Reuters report, geothermal energy startups are on the increase as big tech firms are looking at feeding their power-intensive data centers. Despite this surge, long-term investments in the […]Cryptopolitan
Thu, Dec 19
Metaplanet to Begin Trading on U.S. OTCQX Market
Metaplanet Inc. has started trading on the U.S. OTCQX Market under “MTPLF,” focusing on Bitcoin holdings. The company has introduced strategies like selling put options to increase profits. Its stock surged 7%, with a 2,200% growth year-to-date. Metaplanet Inc., Japan’s first publicly traded company focused on Bitcoin, has begun trading its shares on the U.S. […]Cryptopolitan
Thu, Dec 19
Trump’s crypto venture spends $10 million buying Justin Sun-linked tokens
Donald Trump’s crypto venture, World Liberty Financial, swapped $10 million worth of wrapped Bitcoin (cbBTC) for tokens tied to its project adviser, Justin Sun. On-chain data from Nansen confirms that yesterday, the project’s wallet exchanged all 103 cbBTC tokens for WBTC, the first major wrapped Bitcoin token. Promoted as a decentralized finance (DeFi) lending platform, […]Cryptopolitan
Thu, Dec 19
Crypto market sees over $1.1 billion liquidated in 24 hours
The crypto market wiped out over $1.1 billion in trader positions in just 24 hours. Both long and short traders took heavy losses, but long positions accounted for the bulk of the liquidation. A massive $1.03 billion came from longs, while shorts saw $155.02 million erased. The liquidation frenzy wasn’t limited to one or two […]Cryptopolitan
Thu, Dec 19
Ark Invest sells $3.9m worth of Coinbase – Why is Cathie Wood offloading COIN shares?
Ark Invest unloaded over $3 million worth of Coinbase shares from the ARKF ETF. The sale occurred after Coinbase recorded a 10% decline after Jerome Powell’s speech. According to the firm, the move aims to rebalance its fund weightings. Cathie Wood’s investment manager, ARK Invest, sold over 13,700 shares of crypto exchange Coinbase(COIN) on December […]Cryptopolitan
Thu, Dec 19
Wall Street rebounds after intense sell-off – What’s holding Bitcoin?
Wall Street is bouncing back after a catastrophic day that left traders reeling. On December 18, U.S. markets faced a sell-off that slashed billions in value. The Dow Jones, S&P 500, and Nasdaq all suffered massive losses as investors reacted to a hawkish Federal Reserve announcing fewer interest rate cuts in 2025. Today, markets are […]Cryptopolitan
Thu, Dec 19
Hawk Tuah girl, Hailey Welch, sued over the memecoin collapse
Haliey Welch’s crypto controversy is far from over. Investors have refused to suffer any more celebrity losses. The Ha Hawk Tuah girl has been sued together with those behind the launch after it infamously lost most of its value in one day. Recent court filings acquired by multiple media outlets, including TMZ, reveal that investors […]Cryptopolitan
Thu, Dec 19
UK court finds Craig Wright in contempt for violating order, sentences him to one year in prison
A UK court found Dr Craig Wright, the Australian computer scientist who falsely claimed to be Bitcoin creator Satoshi Nakamoto, in contempt and sentenced him to one year in prison. This follows a lawsuit against him by the Crypto Open Patent Alliance (COPA). COPA has accused Wright of flouting the July 2024 court order that […]Cryptopolitan
Thu, Dec 19
Bitcoin company Hut8 acquires another 990 BTC for strategic reserve
Hut8 is the latest buyer of BTC at market prices for boosting its strategic reserve. The mining company has one of the lowest costs for acquiring BTC from self-mining, planning to use the coins for financial strategies to boost data center expansion.Cryptopolitan
Thu, Dec 19
