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Binance CEO Zhao faces sentencing over money laundering violations
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Pi Network (PI) News Recap November 7th
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#usdt #eth #btc $BTC $ETH $BNB
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Good Morning Friendd$BTC
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$ Trump Calls For U.S. Monopoly On BitcoinBitcoin +1.3% Mining “We want all the remaining Bitcoin to be MADE IN THE USA!!!,” Donald Trump said in a post on his social media platform Truth Social. The former president and presumptive Republican nominee, embracing cryptocurrency after years of skepticism, is using digital assets to score points with voters. Incumbent Joe Biden has been less enthusiastic about the sector, although the Block reported that his reelection campaign may accept crypto donations. Trump claimed bitcoin “may be our last line of defense against” a central bank digital currency (CBDC), reiterating opposition to a so-called digital dollar issued by the Federal Reserve. The Fed has explored the concept but not expressed an opinion on whether it is a good idea. Trump has branded a CBDC a “dangerous threat to freedom” and vowing to block its creation if reelected. Mining remaining bitcoin in the U.S. will also help the country be “ENERGY DOMINANT” Trump wrote. Bitcoin mining consumes significant amounts of energy, but it can be turned off during peak demand periods and throttled at other times, rewarding electricity generators who add capacity with stable usage. Meanwhile, bitcoin miner Core Scientific is on a roll as it repurposes some of its energy-guzzling hardware for the high-performance computing (HPC) that underpins artificial intelligence operations. Core unveiled new details about the 300 megawatts of available HPC infrastructure that will be added to 200 megawatts committed under a recent deal with AI hyperscaler CoreWeave. CoreWeave liked the company so much it tried to buy it, offering $5.75 a share or $1 billion on June 3. Three days later, Core Scientific’s board rejected the offer as undervaluing their company, and the stock ended Friday at $10.33, up 33% for the week.
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