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Baidu Targets $2 Billion in Exchangeable Bonds (Bloomberg) — In a significant financial maneuver, Chinese technology giant Baidu Inc. has announced its intention to raise $2 billion through a sale of bonds that are exchangeable into the Hong Kong shares of Trip.com Group Ltd.. This offering marks one of the largest dollar amounts ever raised…
US Government Holds 200,000 Bitcoin in Strategic Reserve In a significant announcement during a March 7 press call leading up to the inaugural White House Crypto Summit, a senior official disclosed that the US government currently possesses approximately 200,000 Bitcoin from forfeiture proceedings, which will be allocated to a strategic reserve. The official stated, “We…
Trump’s Crypto Summit: No Tax Discussions Expected In a surprising announcement, a White House official has confirmed that the highly anticipated Trump crypto summit will not include any discussions on tax implications related to cryptocurrencies. This revelation has raised eyebrows among industry experts and attendees who were hoping for a comprehensive dialogue on the regulatory…
White House Crypto Summit: A Pivotal Moment for the Blockchain Industry The upcoming White House Crypto Summit on March 7 is poised to be a landmark event, bringing together key industry leaders and government officials to discuss the future of cryptocurrency in the United States. This high-profile gathering follows President Donald Trump’s recent executive order…
Intuitive Machines’ Athena Spacecraft Declared Inoperative After Moon Landing Mishap A privately owned robotic lander, Athena, has been declared non-operational following a disastrous landing in a crater near the moon’s south pole on Thursday afternoon. Officials from Intuitive Machines, based in Houston, confirmed that the mission is officially over after Athena missed its intended landing…
Bitcoin Soars Towards $90K Amid Positive US Jobs Data The cryptocurrency market is buzzing as Bitcoin approaches the $90,000 mark, driven by recent US unemployment figures that suggest a potential easing of financial policies. The latest nonfarm payrolls (NFP) report came in below expectations, igniting optimism among investors and traders alike. According to trading resource…
Bitcoin Surges Past $90K: A Pre-Crypto Summit Boost In a remarkable turn of events, Bitcoin has surged past the $90,000 mark, driven by positive US jobs data that has provided a significant boost to the cryptocurrency market. This surge comes just ahead of the much-anticipated crypto summit, where industry leaders and enthusiasts will gather to…
DeFi’s Decentralization Crumbles Under Compliance Pressure Decentralized finance (DeFi) has long been heralded as a revolutionary shift in the financial landscape, promising users financial freedom, transparency, and autonomy over their assets. However, recent trends indicate that this promise is being compromised by increasing compliance measures, leading to potential censorship and a significant loss of user…
Why is Solana (SOL) Price Down Today? In a surprising turn of events, the price of Solana (SOL) has seen a notable decline, raising questions among investors and market analysts alike. The cryptocurrency market has been on a rollercoaster ride, and today, SOL is no exception. Investors had anticipated that the US government would actively…
Intuitive Machines’ Athena Spacecraft Lands on Moon A robotic lander named Athena successfully touched down on the moon’s surface Thursday afternoon, marking a significant milestone in lunar exploration. This landing is particularly notable as it occurred closer to the lunar south pole than any previous spacecraft. However, the status of the lander remains unclear, raising…
