Vil

@vilosh

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According to Willy Woo, a prominent onchain Bitcoin (BTC) analyst, the recent decline in the top cryptocurrency’s price to the $58,000 range was driven by speculators continually opening new long positions. Woo contends that these speculators contributed to “more fuel for more liquidations in a cascading long squeeze,” ultimately causing BTC to fall below $60,000.

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Vulture Contracts Limiting Bitcoin Mining Operations Development in Paraguay The bitcoin mining industry in Paraguay is reacting to the involvement of the National Power Administration (ANDE) in the closure of several illegal bitcoin mining farms. Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, revealed thee existence of “vulture contracts,” which slow the development of bitcoin mining operations in Paraguay.

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Foundry USA currently leads as the largest bitcoin mining pool, controlling 27.19% of the global hashrate, which totals 595.74 exahash per second (EH/s), amounting to 161.96 EH/s. Historical data ranks Foundry sixth in terms of the number of blocks discovered annually. The most recent developments in Foundry Hardware will be featured at the forthcoming Mining Disrupt conference in Miami.

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“Our decision to enter the hardware market was driven by our desire to provide innovative products aimed at making miners’ lives easier through simpler maintenance while continuing to focus on improving mining efficiency and uptime reliability,” the Foundry vice president said. “Furthermore, we intend to provide miners with inventory flexibility by building hardware usable on multiple models of mining machines.”

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Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability.

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According to Stand With Crypto, an organization that seeks to support crypto-friendly politicians, Bowman has a “strongly against crypto” stance, having voted against three relevant cryptocurrency bills: the Central Bank Digital Currency (CBDC) Anti Surveillance State Act, the Financial Innovation and Technology for the 21st Century Act (FIT21), and the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121) House Joint Resolution.

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Fairshake spent over $2 million on an ad that hit Bowman’s performance, criticizing many of its actions without mentioning cryptocurrency or blockchain. As a response to these actions, Ocasio-Cortez stated: People everywhere need to understand how disgusting and abnormal it is for special interests to dump nearly $15 million to unseat a member of Congress in a primary. Ocasio-Cortez continued bashing this ad campaign, stressing that it was “corrupt,” “a core threat to American democracy,” and accused Fairshake of “fueling Trump,” calling to support Bowman in the primaries.

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Alexandria Ocasio-Cortez has bashed the involvement of “special interests” crypto groups in New York’s 16th congressional district democratic party elections. The New York representative took to social media to criticize the actions of Fairshake, a cryptocurrency and blockchain super-focused political action committee (PAC), against Jamaal Bowman, an incumbent seeking to be reelected in the upcoming elections to continue holding office.

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New York Rep. Alexandria Ocasio-Cortez has criticized the involvement of Fairshake, a crypto-focused super PAC, in New York’s 16th congressional district democratic party elections. Ocasio-Cortez qualified the media campaign against incumbent Jamaal Bowman, valued at over $2 million, as “corruption” and a “core threat to American democracy” on social media.

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Alexandria Ocasio-Cortez Bashes Fairshake Involvement in New York Democratic Party Primaries

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GM to a new week! 🚨 Tomorrow [June 18th] on @remx_xyz : ⭕️ Collect 1 of 400 free collectibles 🖼️ Limited edition 16"x20" giclée print ⭕️ Collect2Earn 👀

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Muzan is ready 🫢 — Watch Demon Slayer: Kimetsu no Yaiba Hashira Training Arc on Crunchyroll!

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