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Bitcoin miners won’t just mine Bitcoin — they’ll become full-blown energy companies. That’s the future, says Evan Owens, VP of Business Development at Kadena. “Bitcoin miners today are obviously mining Bitcoin, but in 10 years, they’ll be energy companies, and Bitcoin mining will be a small part of that,” Owens told TheStreet Roundtable’s Jackson Hinkle. He believes critics have misunderstood how mining will evolve — and that the industry will end up helping to rebuild America’s energy infrastructure and power up undeveloped nations. Built by ex-J.P. Morgan developers, Kadena is a layer 1 that doubles down on proof-of-work (PoW) but…

Fidelity Investments is looking to launch an exchange-traded fund that tracks the price of SOL, the native cryptocurrency of blockchain platform Solana, according to a 19b-4 form filed by Cboe Exchange with the Securities and Exchange Commission. The industry giant has not yet filed an S-1 registration, which the commission would need to approve before the investment company can list the fund on a public exchange. “A meaningful portion of our customers are interested in and own digital assets,” a Fidelity spokesperson told etf.com. “Fidelity remains committed to providing customers with a portfolio of solutions that offer choice, accompanied by…

Sam Price, better known as Crypto Lifer, says there’s one big reason people aren’t buying Bitcoin: they still don’t understand it — and it’s not by accident. “They really don’t want people educated on Bitcoin,” Price told Rob Nelson on TheStreet Roundtable. “You have to kind of deep dive to find out. You have to want it. You have to go to YouTube — and you’re not going to get it on CNN or in the mainstream.” With Bitcoin hovering near $87,000, many people still believe they’re priced out of the market. But Price says that’s a myth that needs…

(Bloomberg) — GameStop Corp. is seeking to sell $1.3 billion of convertible bonds to fund Bitcoin purchases as it embraces a strategy that was developed by the cryptocurrency advocate Michael Saylor. Most Read from Bloomberg The video-game retailer rallied after the company said on Tuesday that its board approved a plan to add Bitcoin as a treasury reserve asset. That was followed on Wednesday by a filing announcing the planned sale of the bonds, which will be used for general purposes, including the acquisition of Bitcoin. The Grapevine, Texas-based GameStop joins a growing list of public companies taking on convertible…

In the opening 90 minutes of the evening session, U.S. stock futures are up marginally – S&P500 is up 0.1% while Nasdaq 100 is up 0.2%.  Earlier on Tuesday, Consumer Discretionary and Communications Services were the best performing sectors in the S&P500 – Google (GOOGL),  Meta (META), and Netflix (NFLX) had over 1% gains among the mega-caps – while defensively-oriented Healthcare and Utilities underperformed.    Investors have also shrugged the disappointing Consumer Confidence data with sentiment turning more upbeat on expectations of a more tempered tariff implementation by the White House and translating into 3rd consecutive session of gains. In…

The U.S. Securities and Exchange Commission (SEC) has announced plans to host four more roundtables focusing on various aspects of crypto, including trading, custody, tokenization, and decentralized finance (DeFi). This initiative follows the agency’s first crypto roundtable, held on March 21, which aimed to clarify the regulatory landscape for digital assets. The upcoming series will commence on April 11 with a discussion dedicated to tailoring regulations for crypto trading. Subsequent roundtables will address crypto custody on April 25, tokenization and asset movement on-chain on May 12, and DeFi on June 6. SEC Commissioner Hester Peirce, who leads the Crypto Task…

Bitcoin, the world’s largest cryptocurrency has been trading between $85,000 and $88,000 despite bullish moves from some of its biggest supporters. On March 24, MicroStrategy executive chairman Michael Saylor bought the dip — again. In a regulatory filing, the firm (now renamed Strategy) disclosed it purchased 6,911 BTC between March 17 and March 23 for $584.1 million in cash. That brings Strategy’s total holdings to 506,137 BTC, now worth $42.8 billion at current prices. Prices jumped 4% on the day of the news, but since then, things have gone quiet. Saylor’s move did briefly pump sentiment. The Crypto Fear and…

A destructive Tim Seifert ensured New Zealand made short work of their 129-run target to win the final Twenty20 against Pakistan by eight wickets on Wednesday and take the series 4-1. Seifert, who made an unbeaten 97 off 38 deliveries, set the big-hitting tone in Wellington with 18 off the first over by Jahandad Khan after being hit on the body with the first ball. Fellow opener Finn Allen followed with 14 in the second over from Mohammad Ali. When Jahandad returned in the sixth over, Seifert was even more belligerent when he belted 25, including three sixes. “After I…

(Bloomberg) — GameStop Corp., the struggling video-game retailer that became a favorite of retail traders during the meme stock frenzy in 2021, said its board has approved a plan to add Bitcoin as a treasury reserve asset. Most Read from Bloomberg The Grapevine, Texas-based firm is joining a growing list of public companies experimenting with using corporate cash or borrowed money to buy the digital asset in a bid to capitalize on the surge in Bitcoin. The gambit was pioneered by Michael Saylor’s Strategy, the enterprise software company formally known as MicroStrategy that has acquired more than $40 billion in…

Hosts Pakistan on Wednesday named a 15-member squad for the ICC Women’s Cricket World Cup Qualifiers set to take place in Lahore from April 9 to 19, the Pakistan Cricket Board (PCB) said in a press release. The six-team ICC event, which includes Bangladesh, Ireland, Scotland, Thailand and West Indies alongside hosts Pakistan, will feature a single-league round-robin format with the matches taking place at the Gaddafi Stadium and LCCA ground in Lahore. The tournament will decide the two qualifiers for the 2025 Women’s World Cup to be held later this year in India. Pakistan, however, will be playing their…