Brazilian authorities raided an illegal Bitcoin mining operation in São Paulo on May 20, confiscating about 1,400 mining rigs that were stealing electricity equivalent to powering 2,000 homes for a month. The operation used large transformers to siphon around 2 gigawatt-hours of power from the local grid. While Bitcoin mining is legal in Brazil, the crime was the theft of electricity. This bust follows a new law allowing seizure and liquidation of digital assets linked to crime, potentially funding public security. Shutting down illegal miners can benefit legal operators by reducing competition for mining rewards.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
