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US Share of World Economy Projected to Reach Historic Low


The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share...

Ethiopia Boosts Bitcoin Mining Power Allocation to 600 MW


Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power...

BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies


Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and...

MARA Launches Pilot to Harness Shale Gas for Bitcoin Mining Operations


MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial...

I Can’t Stop Thinking About This Badass Metal Song From Rings Of Power


Occasionally a TV show surprises you with something so unexpected you can’t stop thinking about it for hours, days, even weeks after an episode airs. The latest episode of The Lord of the Rings: The Rings of Power did just that, offering up a moment that immediately etched itself onto my brain...

The Global Rate Cut Cycle Will Power Risk Assets Even Higher


Investors tend to focus on monetary policy from the major central banks and Canada, Sweden, and Switzerland have each cut rates three times this year. Lower borrowing costs going forward should boost the price outlook for crypto, says Scott Garliss

Bitcoin Network Eases Up: Difficulty Falls 4.6% at Block 862,848


Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever...

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles


Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to...

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