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Ethiopia Freezes New Power Permits for Crypto Miners Amid Grid Constraints


Ethiopia is halting new electric power permits for data mining companies, effectively freezing the expansion of crypto-mining operations due to limited capacity. The decision follows a surge in interest, with 25 bitcoin mining firms already operating and nearly 20 more awaiting approval, drawn...

Swiss Crypto Bank Sygnum Expands Support for SUI


Sygnum Bank that it will support the SUI cryptocurrency, enhancing access for professional and institutional clients to the Sui ecosystem. As the banking partner for the Sui Foundation, Sygnum has fully integrated SUI into its regulated banking platform, offering services such as custody, trading...

Crypto Critic Schiff Says Bitcoin Is ‘Useful’—Just Not for Him


Economist and crypto critic Peter Schiff recently gave a surprising endorsement for bitcoin donations to Ron Paul, who celebrated his 90th birthday on August 9. In a post on X, Schiff stated that such donations are “actually something useful” because the Ron Paul Institute can simply...

Binance Teams up With BBVA for Off-Exchange Custody


Crypto exchange Binance has reportedly teamed up with Spain’s BBVA to enable clients to store collateral outside the trading platform. In this arrangement, BBVA — the nation’s third-largest lender — will act as an independent custodian, holding client funds in US Treasuries that Binance accepts...

Report: Trump’s World Liberty Advances $1.5B Crypto Holding Company


World Liberty Financial, a venture linked to U.S. President Donald Trump, is pitching investors on creating a $1.5 billion publicly traded company to hold its cryptocurrency tokens. World Liberty Financial (WLFI) is reportedly advancing plans to form a public entity holding its WLFI tokens...

Steak ‘n Shake Touts Bitcoin Adoption as Sales Soar


Fast food chain Steak ‘n Shake, which is owned by Biglari Holdings (NYSE: BH.A; BH), says its same-store sales have jumped 10.7% in Q2 and that bitcoin ( BTC) has played a part in the company’s success. “In the second quarter of 2025, Steak ‘n Shake’s same-store sales increased by 10.7%,” the firm...

US Imposes 39% Tariff on Swiss Gold, Impacting Global Market Dynamics


The United States has implemented a 39% tariff on imports from Switzerland, effective August 7, 2025, significantly impacting the Swiss gold refining industry. This tariff, the highest among developed nations, specifically targets one-kilo and 100-ounce gold bars, which were previously exempt from...

Pierre Poilievre Reaffirms Stance Against Canadian CBDC


Canadian Conservative Party leader Pierre Poilievre once again slammed plans by the Bank of Canada to create a central bank digital currency (CBDC) in a video published Sunday where the 46-year-old politician can be seen answering questions from constituents in an intimate setting. In the video,...

Solana Mobile Launches Seeker Smartphone, Fulfilling 150,000 Pre-Orders


On August 4, 2025, Solana Mobile began shipping its highly anticipated Seeker smartphone, fulfilling over 150,000 pre-orders across more than 50 countries. Priced between $450 and $500, the Seeker is designed to enhance the mobile experience for crypto users, featuring a built-in crypto wallet,...

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