LEARN - Guide to Bitcoin wallets for mobile
How to use smartphone applications to store, receive, and send bitcoin.
Bitcoin mobile wallets are smartphone applications available for download from app stores. They allow you to store, send, and receive #bitcoin directly from your smartphone.
BITCOIN - Rumble invests in Bitcoin: up to $20 million to diversify treasury
Rumble, the video platform with around 67 million monthly users, is preparing to enter in #Bitcoin. The board of directors has approved a strategy to allocate a portion of its cash reserves into Bitcoin, with a maximum investment of $20 million.
The initiative, announced by CEO @chrispavlovski through a poll on X that received 93.9% support, represents a strategic move to diversify the company’s financial resources.
Pavlovski explained the decision by highlighting the advantages of Bitcoin as an inflation hedge:
“Unlike any government-issued currency, Bitcoin is not subject to dilution through endless money-printing, enabling it to be a valuable inflation hedge and an excellent addition to our treasury.”
Following the announcement, Rumble’s stock rose by 12.63% during the trading session.
The company clarified that the implementation of the strategy remains flexible and can be suspended or modified at any time based on market conditions and business needs.
https://atlas21.com/rumble-invests-in-bitcoin-up-to-20-million-to-diversify-treasury/
BITCOIN - Bitmain: U.S. Customs halts Antminer ASIC imports
According to a report by Blockspace, U.S. Customs has been holding Bitmain Antminer S21 and T21 mining devices for nearly two months, raising questions about the technological supply chain between the U.S. and China. The situation, still unclear, reportedly involves seven American mining companies affected by this administrative hold.
The measure, requested by the Federal Communications Commission (FCC), is causing significant financial losses to businesses: some companies are already incurring over $200,000 in daily storage fees for 200 machines. The holds do not appear to affect other manufacturers such as MicroBT or Canaan but specifically target Bitmain, the global leader in Bitcoin mining hardware production.
Speculation suggests a possible connection to investigations into Xiamen Sophgo, a chip manufacturer under scrutiny for alleged violations of U.S. sanctions. Sophgo, founded in 2019 by Micree Zhan – CEO and co-founder of Bitmain – produces critical components such as the CV1835 chip, which has already attracted regulatory attention. This chip model is used in the Antminer T21 and some S19 series models.
This development unfolds against a geopolitical backdrop of growing technological tensions between the U.S. and China. In the background, President-elect Trump’s ambitions to make the U.S. a “global leader” in mining include statements hinting at a significant national strategy for the industry.
At this time, there is no direct evidence linking the ASIC holds to the ongoing investigations. Authorities have yet to issue official comments, while mining companies await further developments.
https://atlas21.com/bitmain-u-s-customs-halts-antminer-asic-imports/
FEATURE - Will it be a crypto-friendly administration? Who are the members of Trump’s government team?
The main choices made by the 47th President of the United States for his second term: several secretaries hold bitcoins.
CRYPTO - Cantor Fitzgerald acquires 5% stake in Tether: a $600 million investment
According to the Wall Street Journal, financial services giant Cantor Fitzgerald has finalized an agreement to acquire a 5% stake in Tether. The transaction, valued at $600 million, takes on particular significance in light of recent U.S. political developments.
The news comes just five days after Howard Lutnick, CEO of Cantor Fitzgerald, was named Secretary of Commerce by President-elect Donald Trump. Sources cited by the Wall Street Journal suggest that this move could provide Tether with substantial political support in the incoming U.S. administration.
Giancarlo Devasini, Tether’s primary shareholder, reportedly commented:
“Lutnick will use his political clout to try to defuse threats facing Tether.”
Lutnick is already actively working with Trump as a transition advisor, assisting in the selection of candidates for key government positions.
Cantor Fitzgerald, a critical banking partner for Tether, currently manages the majority of the company’s reserves, estimated at $134 billion, primarily in U.S. Treasury bills.
Lutnick, who has confirmed he will resign as CEO of Cantor Fitzgerald if confirmed by the Senate, has repeatedly expressed confidence in Tether’s financial strength, emphasizing its crucial role in inflation-stricken countries like Argentina, Turkey, and Venezuela.
https://atlas21.com/cantor-fitzgerald-acquires-5-stake-in-tether-a-600-million-investment/
MINING - Texas imposes new rules on miners: registration and energy monitoring required
On November 21, the Texas Public Utility Commission (PUCT) approved new regulations requiring all Bitcoin miners operating on the ERCOT (Energy Reliability Council of Texas) grid to register and provide detailed information about their activities.
The new rules mandate that mining facilities must report essential data to state authorities, such as the location of their operations, ownership details, and energy requirements. Operators will have only one business day from the time of connection to the ERCOT grid to complete their registration, which must be renewed annually by March 1.
In addition to registration, miners will be required to submit regular reports on their operations. These reports must include data on the volume of bitcoins mined, energy consumption, and other operational details.
According to PUCT Chairman Thomas Gleeson, the new rule was designed to help manage the power grid as more mining facilities come online. Gleeson stated:
“To ensure the ERCOT grid is reliable and meets the electricity needs of all Texans, the PUCT and ERCOT need to know the location and power needs of virtual currency miners.”
Miners who fail to register under the new regulations will face violations that could result in fines of up to $25,000 per day.
This move represents a shift for the mining industry in Texas, a state previously known for its favorable environment for the sector and its abundant energy resources. However, the rapid growth of the industry has raised concerns about its impact on the state’s power grid, prompting authorities to introduce stricter controls.
For miners, compliance with the new regulations will mean additional administrative responsibilities. They will need to allocate resources to collect data and ensure timely submission of the required documentation.
The new rules aim to prevent potential overloads on the power grid and minimize environmental impact.
https://atlas21.com/texas-imposes-new-rules-on-miners-registration-and-energy-monitoring-required/