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Bitcoin Surges 10% as Trump Unveils U.S. Strategic Crypto Reserve - CryptoShrypto
Bitcoin and other major cryptocurrencies saw a sharp rise after former President Donald Trump announced a plan to establish a U.S. Strategic Crypto Reserve. The move, aimed at reinforcing the country’s leadership in the digital financial sector, triggered a market-wide rally, with Bitcoin surging over 10% in a matter of hours. According to reports, the […]
UK Issues First Criminal Sentence for Illegal Crypto ATM Operations - CryptoShrypto
Olumide Osunkoya, a 46-year-old London resident, has become the first individual in the United Kingdom to be criminally convicted for operating unregistered cryptocurrency Automated Teller Machines (ATMs). Osunkoya was sentenced to four years in prison after pleading guilty to five charges, including operating crypto ATMs without Financial Conduct Authority (FCA) registration, forgery, using false identity […]
OpenAI CEO Sam Altman Rejects Elon Musk’s $97.4 Billion Takeover Bid - CryptoShrypto
In a surprising turn of events, OpenAI CEO Sam Altman has rejected a staggering $97.4 billion takeover bid from Elon Musk and his group of investors. The Wall Street Journal reported that the offer was made to OpenAI’s board on February 10. Altman wasted no time in responding. In a post on X (formerly Twitter) […]
Bitcoin Miners Face Declining Output as Mining Difficulty Hits Record High in January 2025 - CryptoShrypto
Bitcoin miners encountered a challenging start to the year as mining difficulty surged to an all-time high of 110 trillion (T) in January 2025, making it harder to mine new blocks. The rise in difficulty, a 27.8% increase since the April 2024 Bitcoin halving, led to decreased production for many mining firms. Industry Struggles as […]
Elon Musk Faces Backlash Over Planned X Algorithm Changes - CryptoShrypto
Elon Musk, CEO of X (formerly Twitter), is under fire after announcing upcoming changes to the platform’s algorithm that will prioritize content deemed “informative or educational.” Musk revealed the algorithm change in a Jan. 3 post, citing a need to reduce negativity on the platform and promote “un-regretted user-seconds.” He argued that too much negative […]