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Crypto & Blockchain News
Binance founder Changpeng Zhao advised the country's government to use bitcoin and Binance Coin (BNB) as initial assets to form a national cryptocurrency reserve.
Kuwait is toughening its crackdown on illegal cryptocurrency mining, conducting raids and blocking sites to reduce the strain on the power grid caused by the energy crisis.
Phoenix Group has expanded its bitcoin mining capacity in Ethiopia by 52 MW, reaching 132 MW in the country and exceeding 500 MW globally, utilizing mostly renewable hydropower.
The United Arab Emirates continues to actively develop the digital economy.
Bitcoin mining is getting greener, reflecting the industry's shift to sustainable sources under economic, regulatory and societal pressures.
Ethereum whales bought up a record 449,000 ETH overnight, signaling bullish sentiment and institutional interest.
A large transfer of 3,520 BTC to Monero caused a 50% jump in the price of XMR, highlighting the risks of anonymizing funds and raising questions about the security of cryptocurrencies.
US duties are reducing demand for mining equipment, forcing Bitdeer to shift to offline mining and local production despite financial losses and risks.
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Tether, the company behind the USDT stablecoin, has announced its intentions to create a stable coin pegged to the UAE dirham (AED).
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