Iran’s currency has collapsed, now officially valued at $0, amidst ongoing US-led sanctions that have isolated its banking system and worsened currency instability. The situation highlights a trend of persistent hyperinflation affecting the rial, fueled by economic isolation and controversial fiscal policies, leading many in Iran to consider Bitcoin as a potential store of value beyond fiat controls.
In January, Strategy accounted for a staggering 93% of all Bitcoin purchases among digital asset treasuries, acquiring 40,150 Bitcoin compared to just 3,080 Bitcoin bought by its competitors. This marked Strategy’s busiest month in a […]
SoftBank Corp. and AMD have begun a joint validation to utilize AMD Instinct GPUs in enhancing next-generation AI infrastructure computing resources. This collaboration focuses on developing SoftBank’s Orchestrator, which efficiently partitions a single AMD Instinct […]
Billionaire Peter Thiel has completely exited his investment in the Ethereum treasury firm ETHZilla, selling his entire stake. This move aligns with his recent emphasis on Bitcoin over Ethereum in his statements regarding crypto asset […]