Day: December 26, 2024

KULR Technology adopts Bitcoin treasury strategy with $21M purchase, stock rises 30%

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Key Takeaways KULR Technology Group purchased 217.18 Bitcoin for $21 million as part of a new treasury strategy. The company’s stock price increased by 30% following the announcement of their Bitcoin purchase. Share this article KULR Technology has entered the Bitcoin market with a $21 million purchase of 217.18 BTC at an average price of $96,556 per Bitcoin. The acquisition marks the first step in the energy tech company’s newly launched Bitcoin Treasury strategy, announced on December 4, which aims to allocate up to 90% of its surplus cash into…

Trump’s pledge to make all Bitcoin made in USA faces practical challenges, say experts

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Key Takeaways Trump advocates for US-based Bitcoin production to enhance energy dominance. Currently, less than 50% of Bitcoin mining computational power is based in the US, facing competition from countries like China and Russia. Share this article Trump has called for all remaining Bitcoin to be mined in the US, but experts believe practical challenges like global competition and the decentralized nature of Bitcoin could make this nearly impossible. In June, Trump met with US-based Bitcoin mining executives at Mar-a-Lago to discuss the industry’s potential for job creation and energy…

Chill Guy meme coin under fire for alleged plagiarism as market cap falls

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Key Takeaways A Vietnamese children’s magazine cover has drawn comparisons to Chill Guy, igniting plagiarism allegations on Crypto Twitter. Chill Guy’s market cap has fallen to $172 million as the meme fades and new narratives take over. Share this article Chill Guy meme coin, which once boasted a $790 million peak market cap, is now embroiled in controversy as allegations of plagiarism surface. A Vietnamese children’s magazine cover surfaced on X, featuring a boy striking a pose and a dog with a head remarkably similar to the viral Chill Guy…