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U.S. power consumption will hit record highs in 2025 and 2026, the U.S. Energy Information Administration said in its short-term energy outlook on Tuesday.The EIA projected power demand will rise to 4,189 billion kilowatt hours in 2025 and 4,278 billion kWh in 2026, up from a record 4,097 billion kW…
** Shares of crypto miner Core Scientific slump 16% to $15.13 in late morning trade** CoreWeave to buy CORZ in an all-stock deal valued at about $9 billion** The offer values Core Scientific at $20.40 per share, representing a premium of around 66% to the stock's closing price before reports of de…
** Stablecoin issuer Circle's shares rise ~2.1% to $185.16 premarket** Circle after market on Monday said it is applying to create a national trust bank in the U.S., confirming an earlier Reuters report** If the charter is granted, it would enable Circle to act as a custodian for its own reserves a…
** Crypto firm BitMine's shares jump 47.7% to $6.68 premarket** BMNR announces to initiate ethereum treasury strategy** Co sold ~55.6 million shares at $4.50 apiece in the placement, which was led by MOZAYYX and included participation from investors including Fundstrat founder Thomas Lee** BMNR wi…
Crypto exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds - in both cryptocurrency and fiat currency - across more than a hundred countries. The move is a bid to expand Kraken's offerings beyond its digital asset trading business, an…
-- Source link: https://tinyurl.com/mtz4hkea-- Note: Reuters has not verified this story and does not vouch for its accuracy
Pakistan's army chief Field Marshal Asim Munir and U.S. President Donald Trump discussed trade, economic development, and cryptocurrency during their meeting at the White House on Wednesday, the Pakistan army said. "President Trump expressed keen interest in forging a mutually beneficial trade partn…
China's central bank governor announced plans to promote the international use of the digital yuan and called for the development of a multi-polar global currency system, where several currencies dominate the world economy.China will establish an international operation centre for e-CNY in Shanghai,…
The Canadian teenager was getting anxious. It was May 2024, and he was in Copenhagen, running out of money after leaving Moscow a week earlier. He’d booked the cheapest room he could find in the Danish capital, but the hostel was still more expensive than he’d expected. The teen, Laken …
U.S. Treasury Secretary Scott Bessent said on Wednesday that legislation to create a framework for stablecoins backed by U.S. Treasury debt would help cement the dollar's position as the world's reserve currency and create demand for at least an additional $2 trillion worth of Treasuries. "This ad…
Crypto firm Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized initial public offering in the United States, underscoring growing momentum in the stablecoin market.The upsized IPO indicates strong investor appetite for crypto…
European Central Bank policymaker Fabio Panetta on Friday called for a close monitoring of the reputational risks banks face in providing crypto-asset services to customers.Italy's biggest bank Intesa Sanpaolo in January carried out what CEO Carlo Messina described as "a test" by buying 1 milli…