Tag: power
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Manifest Finance Integrates Ethena Infrastructure to Power USH Token, Signaling Maturation of Real-World Asset Tokenization and DeFi Convergence.
Manifest Finance has officially aligned with Ethena, the burgeoning financial infrastructure provider, to underpin USH, Manifest’s innovative real estate-backed token. This strategic partnership marks a significant milestone in the ongoing convergence of tokenized physical assets and decentralized finance (DeFi) yield mechanisms, positioning Ethena’s assets as the foundational liquidity layer for USH. The collaboration is poised…
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Thailand Legalizes Cryptocurrency; Plans to Give SEC Sole Power to Regulate the Industry
In a landmark shift for Southeast Asia’s financial landscape, the Thai government has moved to formally recognize and regulate the cryptocurrency sector, establishing a comprehensive legal framework designed to foster innovation while ensuring investor protection. The decision follows a high-level summit involving the Governor of the Bank of Thailand (BoT), the Deputy Prime Minister, the…
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Iran Intensifies Crackdown On Illegal Crypto Mining To Safeguard National Power Grid Amid Persistent Energy Crisis
Iranian law enforcement and energy regulatory bodies have significantly escalated their campaign against unauthorized cryptocurrency mining operations, seizing thousands of devices in a bid to stabilize a national power grid strained by record-breaking demand and aging infrastructure. According to recent disclosures from state officials, the Iranian police have detected and dismantled 9,404 illegal mining farms…
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Deutsche Telekom Subsidiary and Bankhaus Metzler Launch Bitcoin Mining Pilot Utilizing Surplus Renewable Energy to Stabilize German Power Grid
Deutsche Telekom MMS, a specialized subsidiary of the European telecommunications giant, has entered into a strategic partnership with Bankhaus Metzler, one of Germany’s oldest and most prestigious private banks, to initiate a pilot project centered on Bitcoin mining. This collaboration marks a significant milestone in the intersection of digital asset infrastructure and national energy management,…
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Thailand Legalizes Cryptocurrency; Plans to Give SEC Sole Power to Regulate the Industry
The government of Thailand has taken a definitive step toward the modernization of its financial sector by announcing a comprehensive plan to regulate and legalize cryptocurrency as a legitimate means of exchange and a recognized asset class. This landmark decision follows a high-level summit involving the Bank of Thailand (BoT) Governor, the nation’s Deputy Prime…
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Deutsche Telekom and Bankhaus Metzler Launch Pilot Project to Power Bitcoin Mining with Surplus Renewable Energy in Germany
Deutsche Telekom’s industry-focused subsidiary, Telekom MMS, has joined forces with the storied private banking institution Bankhaus Metzler to initiate a pioneering pilot project that utilizes Bitcoin mining as a mechanism for stabilizing the German energy grid. This strategic collaboration aims to address the inherent volatility of renewable energy production by deploying Bitcoin mining rigs to…
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