Witsand, a small coastal village in South Africa with about 600 residents, has become a notable Bitcoin experiment by enabling 45 local businesses to accept Bitcoin for everyday transactions like groceries and fuel. The initiative began slowly but surged in 2023, growing from 3 to 45 merchants, supported by a system that protects merchants from Bitcoin price volatility and offers Bitcoin-based loans. This grassroots effort, led by a local programmer and a restaurant owner, aims to create a local financial ecosystem using Bitcoin, benefiting both residents and tourists along the Garden Route. Despite some local concerns about change, Witsand stands out as a pioneering example of Bitcoin adoption in a small community.
AMD CEO Lisa Su announced that the company's server revenue is projected to grow by more than 80% in the current half-year period. This growth estimate specifically excludes revenue from AMD's AI accelerator business, highlighting strong demand in ot...
The iShares MSCI Israel ETF (EIS) offers focused exposure to Israeli stocks, especially in financials, technology, and defense. It benefits from strong GDP growth forecasts, easing inflation, and momentum in key sectors. Valued at a reasonable 17x P/...
President Donald Trump announced a temporary pause on the 50% tariffs scheduled to hit Canadian imports, following a trade deal agreement pending final documentation. The tariffs, set to affect about $20 billion in goods including vehicles, dairy, an...
Riot Platforms sold 9,665 bitcoin in the first half of 2026, including 4,300 BTC in Q2, to finance its pivot from bitcoin mining to AI infrastructure. Despite reducing its bitcoin treasury to 11,380 BTC, Riot is expanding its data center operations, ...
In Q2 2026, David Tepper's Appaloosa fund initiated a significant new position in CoreWeave, an AI cloud infrastructure company, while George Soros's fund held puts against the same stock but reduced their bearish exposure during the quarter. CoreWea...
