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Chinese microchip company says it’s now accepting Bitcoin as payment

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A Chinese microchip company, Bitmain Technologies, has announced that it will begin accepting Bitcoin as payment for its products, marking a significant development in the adoption of cryptocurrency within the tech industry. Known for manufacturing Bitcoin mining hardware, Bitmain will now offer customers the option to pay in Bitcoin for its range of microchips, including the popular Antminer series. This move signals a growing acceptance of digital currencies among traditional hardware manufacturers, reflecting the increasing integration of cryptocurrency into global commerce.

The decision to accept Bitcoin comes at a time when China is slowly recalibrating its stance toward digital assets. While the country had previously cracked down on cryptocurrency mining and trading, there has been a shift in recent months, with some sectors of the economy finding value in incorporating blockchain and cryptocurrency into their operations. Bitmain’s adoption of Bitcoin payments demonstrates a more pragmatic approach, as the company looks to tap into the rapidly growing cryptocurrency ecosystem and streamline payments for international clients.

By accepting Bitcoin, Bitmain is also positioning itself as a forward-thinking leader in the global microchip market, where digital currencies and blockchain technology are becoming increasingly relevant. Bitcoin payments allow for faster, borderless transactions, which could be especially beneficial for the company’s international customers who may face delays or high fees with traditional banking systems. Furthermore, this move may help Bitmain attract new customers within the crypto and blockchain sectors, who are more likely to engage with a company that supports cryptocurrency as a legitimate means of payment.

While Bitmain’s adoption of Bitcoin is a noteworthy step, it remains to be seen how widely this payment option will be adopted across the company’s customer base. The volatility of Bitcoin’s price could be a factor for customers, as they may need to navigate fluctuating exchange rates when paying for products. Nevertheless, this development underscores the increasing role that cryptocurrencies are playing in mainstream industries, with companies like Bitmain leveraging blockchain technology and digital assets to enhance their business operations and expand their global reach.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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