Crypto News
French MPs Float Plan to Mine Bitcoin With Surplus Nuclear Energy
A group of French lawmakers is preparing a draft law that would enable the use of surplus electricity from nuclear power plants to mine bitcoin (BTC), according to recent public statements.The proposal would install mining hardware at facilities owned by state utility Électricité de France (EDF), according to news outlet Le Monde. The process would take advantage of surplus energy generated by these nuclear power plants.France is the largest producer of nuclear power in the European Union, according to 2023 data from Eurostat. It accounted for 338,202 gigawatt hours, or more than half the 27-nation bloc's total output. The heat produced by nuclear fission is used to produce electricity, but more than two-thirds of it is lost, the statistics agency...
Hong Kong Sets 5% Interest for Silver Bond Series 2026
The Hong Kong Monetary Authority has announced a 5% per annum interest rate for the fourth interest payment of the Silver Bond Series due in 2026. (Read More)Source link
New AI ‘Asset-Heavy’ Business Model Poses Hidden Risks to the US Economy
Greg Ip, WSJ’s Chief Economics Commentator, estimates that even with the recent results from companies that have bolstered their earnings by embracing AI, this new “asset-heavy” business model is draining tech-based and other companies of free cash flow and straining investors. New AI Business Model Strains Companies’ Pockets, Posing Risks to the Economy The artificialSource link
EigenLayer (EIGEN) Tests Critical Support at $1.03 Amid Bearish Momentum
EIGEN price trades at $1.12 (+0.99% daily) but faces bearish pressure with RSI at 38.65 and MACD showing negative momentum as token approaches key support levels. (Read More)Source link
Metaplanet Doubles Down on Bitcoin as Shares Slide, Buys Another $54M
Metaplanet (3350), a Tokyo-listed investment firm, said it bought another 463 bitcoin (BTC), emphasizing the cryptocurrency's long-term shareholder value even as its stock fell more than 7% to sit at half the value it held in June.The latest purchase cost the company 7.995 billion yen ($540 million) at an average price of 17.3 million yen per bitcoin and takes total holdings to 17,595 BTC. In all, Metaplanet has paid some 261.28 billion yen for its stash.The purchase comes amid a slump in Metaplanet’s share price, which slid to 987 yen on Monday, almost 50% below its June peak. With its value reflecting both the changing price of bitcoin and the increase in its BTC holdings, Metaplanet is positioning itself as...