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.
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.
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.