Crypto Exchange and Wallet Backpack Acquire European Branch of FTX for $32,000,000

Backpack Exchange, a crypto trading platform founded by former employees of FTX and Alameda Research, acquires FTX EU for $32 million. According to a new announcement of the Europe-based crypto exchange and Backpack wallet, the exchange bought the European branch of FTX. “Backpack acquired FTX EU and its MiFID (Directive on markets in financial instruments)…

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Montenegro extradites cryptocurrency tycoon Do Kwon to the United States

PODGORICA, Montenegro (AP) — Montenegro extradited Tuesday a South Korean tycoon nicknamed “the king of cryptocurrency” in the United Statesfollowing a decision earlier this month by its Justice Department to accept a U.S. request, while refusing the South Korean handover request, authorities in the Balkan country said. Police said agents from the Interpol National Central…

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Crypto concerns: why manufacturers of digital money want to be here. Which means that the counties of NC wish to have left. | WFAE 90.7

From all the companies that have come to North Carolina in recent years, from Toyota to Google via Amazon, cryptomin operations do not come exactly. But the state, because of its vast strips of land, is more and more targeted by these outfits that seek to operate here – for the chagrin and the dismay…

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Geothermal Energy: Big Tech’s Answer to AI’s Growing Energy Consumption

The biggest superheroes of the renewable revolution risk becoming the biggest villains. For years, Silicon Valley’s biggest players have been among the loudest and richest. supporters of clean energy investment. But today, thanks to runaway energy demand driven by artificial intelligence, Big Tech’s emissions are rising sharply and their ambitious decarbonization goals are becoming increasingly…

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