IMF Flags Concern Over Pakistan’s Bitcoin Mining Plan

IMF Flags Concern Over Pakistan’s Bitcoin Mining Plan

The International Monetary Fund (IMF) has raised concerns over Pakistan’s decision to allocate 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers amid ongoing negotiations tied to the country’s extended financial program. The initiative, announced last week, is designed to attract autonomous miners, blockchain companies, and AI firms to Pakistan. However, the…

DOGE left United States Institute of Peace office with water damage, rats, and roaches

DOGE left United States Institute of Peace office with water damage, rats, and roaches

The chief executive of the United States Institute of Peace (USIP) says Elon Musk’s Department of Government Efficiency left the nonprofit’s Washington, D.C., headquarters in disarray, full of water damage, rats, and roaches, according to a new sworn statement first reported by Court Watch. The statement from the executive, George Moose, comes just a few…

Sony has reportedly started outsourcing Xperia phone production

Sony has reportedly started outsourcing Xperia phone production

TL;DR Sony may have outsourced the manufacturing of its flagship phones. The company has removed the term “smartphones” from the list of products on its manufacturing-focused websites in Thailand and China. The Xperia 1 VII is reportedly the first of its premium phones to be made by a third party. Over the years, Sony has…

Is this the start of a deeper correction for Bitcoin?

Is this the start of a deeper correction for Bitcoin?

Key points: Bitcoin is trading back below its recent all-time highs, grilling support at levels it first encountered in late 2024. A “deeper pullback” may result before bulls find the momentum to return to price discovery. Profit-taking lies at the heart of current resistance, analysis says. Bitcoin (BTC) risks a “deeper correction” as the next…

TechCrunch Mobility: A ride-sharing pioneer comes for Uber, Tesla loses more ground, and dog-like delivery robots land in Texas

TechCrunch Mobility: A ride-sharing pioneer comes for Uber, Tesla loses more ground, and dog-like delivery robots land in Texas

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! It might have been a short week, but there was still plenty of news, including another Zoox recall, an update on the Stellantis-Amazon partnership, and a few…

Insurers Race to Cover Crypto Kidnap and Ransom Risks

Insurers Race to Cover Crypto Kidnap and Ransom Risks

A wave of violent attacks on cryptocurrency holders is pushing insurers to develop new protections aimed at a growing physical threat: kidnapping for crypto. At least three firms specializing in crypto insurance and security are now preparing tailored kidnap and ransom (K&R) policies for digital asset investors, according to a recent report from NBC News….