dripcee96 (dripcee96)

🇨🇿 #BTC Aleš Michl, Governor of the Czech National Bank, announced that they are contemplating purchasing a small amount of Bitcoin as part of a diversification strategy for their foreign exchange reserves. The decision requires approval from the seven members of the CNB Board of Directors. Additionally, there are plans to increase the share of gold reserves to 5% of total assets by 2028.

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🚾#FTX Backpack Exchange, a platform founded by former employees of FTX and Alameda, has acquired FTX EU.

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🚾#FTX FTX has denied Backpack Exchange's claim of acquiring FTX EU. Recently, the exchange, founded by former employees of FTX and Alameda, announced a deal and their readiness to reimburse former FTX EU clients after the transfer of shares. However, the bankruptcy court refuted the acquisition, stating that Backpack is not authorized to compensate assets legally owned by another company — FTX Europe AG.

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⛏️#BTC Chinese Bitcoin mining company BIT Mining has announced a $14 million agreement with Ethiopia to acquire a 51-megawatt facility and approximately 18,000 mining machines. Ethiopia, known for its abundant hydropower resources and electricity standards similar to China, provides a conducive environment for Bitcoin mining operations. This strategic move is expected to leverage the country's energy capabilities to support BIT Mining's expansion and operations.

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