El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

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A public-private partnership in El Salvador pledging to pump $1 billion into creating a Bitcoin (BTC) mining farm has received its first $250 million. This first release of funds kickstarts a 241-megawatt (MW) power generation park in the country’s Metapán region. Volcano Energy, the company behind the site, said the funds would go toward developing the power generation park using solar and wind energy, which will eventually power the Bitcoin mining operation. Volcano Energy chairman Max Keiser took to Twitter on June 7 to announce the news. .@Volcano_Energy receives the…

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BinaryX and AiGC Labs Developing First AI-Powered Virtual Reality Game on the Metaverse – CoinJournal

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Singapore, Singapore, June 7th, 2023, Chainwire BinaryX today announced their plans to expand into Virtual Reality (VR) and Artificial Intelligence Game Content (AIGC). Building upon their GameFi expertise, BinaryX has reportedly entered into agreements with their VR and AIGC partners, AiGC Labs, to develop a groundbreaking new GameFi genre of AI-based VR games. First AI-Powered Virtual Reality Game on the Metaverse According to the team, BinaryX is preparing for the launch of the first-ever VR game which heavily features both VR and AIGC in collaboration with AiGC Labs. The team…

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Bitcoin OG keeps faith in bull market as BTC price bounces 8%

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Bitcoin (BTC) swiftly erased its month-to-date losses into June 7 as volatility returned to ultimately favor the bulls.  BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price cancels Binance, Coinbase dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $27,388 on Bitstamp — almost a new June high. The pair continued a rebound which had begun the day prior, with markets shaking off initial nerves from United States legal action over Binance and Coinbase. In so doing, Bitcoin recovered all of its lost ground, returning to its…

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SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers

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The Securities and Exchange Commission (SEC) has lodged an emergency action application against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao. The action includes a request for a temporary restraining order to freeze assets and calls for the repatriation of assets to the benefit of customers on the Binance.US crypto trading platform. This aggressive move by the SEC is part of a broader effort to safeguard the assets of Binance.US customers as it pursues pending litigation against the platform and its…

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Here’s How Bitcoin Could Witness a Full-On Reversal Toward a New All-Time High, According to Analyst – The Daily Hodl

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A closely followed crypto strategist is outlining how Bitcoin (BTC) can regain its bullish momentum and rally toward a fresh all-time high. Pseudonymous analyst Credible Crypto tells his 340,600 Twitter followers that Bitcoin bulls have successfully defended a critical support level at $25,000 following Monday’s corrective move. According to Credible Crypto, a move below $25,000 will likely be driven by forced liquidations, which he thinks would be favorable for long-term BTC bulls. “I consider the 1st target met at this point – which means anything lower is a ‘bonus.’ Will…

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The SEC is suing Coinbase and Binance, in yet another scandal in the crypto industry. Bitcoin price remains unfazed.

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The SEC is suing Coinbase and Binance, in yet another scandal in the crypto industry  Bitcoin price remains unfazed A bullish breakout might be triggered by the Fed not hiking the funds rate again  The cryptocurrency industry faces, yet again, another test of confidence. The Securities and Exchange Commission (SEC) announced that it was suing Coinbase and Binance in a move that scared cryptocurrency traders operating on the two exchanges.  But what had the potential of triggering a bearish move in the main cryptocurrency markets turned out to have zero…

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