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GameStop buys bitcoin worth $513 million in crypto push

GameStop buys bitcoin worth $513 million in crypto push

GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game retailer looks to capitalize on the growing adoption of cryptocurrencies globally.GameStop said in a filing it acquired 4,710 bitcoins, although it did not disclose the period for the…

Pakistan allocates 2,000 megawatts of electricity to bitcoin mining, AI data centres

Pakistan allocates 2,000 megawatts of electricity to bitcoin mining, AI data centres

Pakistan will allocate 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and AI data centres, its finance ministry said on Sunday. The allocation is part of Islamabad's plans to use its surplus electricity to bitcoin mining and AI data centre…

Circle pursues IPO—but talks with Coinbase and Ripple could mean a sale, sources say- Fortune

Circle pursues IPO—but talks with Coinbase and Ripple could mean a sale, sources say- Fortune

-- Source link: bitly-- Note: Reuters has not verified this story and does not vouch for its accuracy

Woman escapes botched kidnapping in Paris as gangs target crypto wealth

Woman escapes botched kidnapping in Paris as gangs target crypto wealth

French prosecutors are investigating after a masked gang attempted to kidnap the daughter of a crypto businessman in Paris in what is at least the third violent attack targeting wealthy crypto players and their families in recent months.The shocking images of the attack, which was filmed by an o…

Crypto platform FalconX partners with Standard Chartered

Crypto platform FalconX partners with Standard Chartered

Crypto prime broker FalconX and global bank Standard Chartered said on Wednesday they had formed a strategic partnership to serve institutional crypto investors.The partnership marks FalconX's first collaboration with a global traditional bank and suggests growing institutional demand for digit…

Eric Trump-backed American Bitcoin to go public through all-stock merger

Eric Trump-backed American Bitcoin to go public through all-stock merger

American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump's two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining .Existing shareholders of American Bitcoin, including co-founder Eric Trump, his brother Donald Trump Jr. a…

Trade hopes feed risk appetite, boosting stocks and bitcoin

Trade hopes feed risk appetite, boosting stocks and bitcoin

World stocks hovered near their highest levels in six weeks on Friday after a U.S. trade deal with Britain fueled guarded optimism for progress in tariff talks with other countries.India on Friday offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for …

SRx Health Solutions nearly doubles as it diversifies into crypto

SRx Health Solutions nearly doubles as it diversifies into crypto

** Shares of pet health firm SRx Health Solutions rise 96% to $1.04 premarket** Co says it has bought $1.5 mln worth of cryptocurrency Solana tokens as part of its investment strategy** Co says it plans to allocate up to 10% of its cash into cryptocurrencies like bitcoin and Solana, as well as gold…

Turkey's capital market board sets reserve audit standards for crypto asset platforms

Turkey's capital market board sets reserve audit standards for crypto asset platforms

Turkey's capital markets board released rules for proof of reserve audit standards that crypto asset platforms have to meet to apply for operational licences in Turkey.According to the board's statement, published late on Thursday, these audits must be conducted by independent information systems au…

New York Times business news - May 9

New York Times business news - May 9

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S President Donald Trump announced that the United States intended to sign a trade deal with Britain that would bring the two nations closer and ro…

Coinbase to acquire Deribit in $2.9 billion deal, WSJ reports

Coinbase to acquire Deribit in $2.9 billion deal, WSJ reports

Coinbase , the largest publicly traded cryptocurrency exchange, will acquire Deribit for $2.9 billion in cash and stock, the Wall Street Journal reported on Thursday.

Kuwait cracks down on cryptocurrency mining amid power crisis

Kuwait cracks down on cryptocurrency mining amid power crisis

Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the grid before the start of a sweltering summer.Authorities started a "wide-ranging" security operation last week, th…