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Blockchain

Czech Bitcoin Scandal Spirals Into No-Confidence Vote


The Czech Republic’s main opposition party has called for a no-confidence vote in the government on Thursday, accusing it of corruption over a $45 million Bitcoin payment from a convicted criminal.

Alena Schillerova, vice chair of the right-wing ANO party, said in a Thursday post to X that her party felt there was “no choice” but to submit the no-confidence motion, which is scheduled for Tuesday.

The Czech Justice Ministry said on May 28 it had sold nearly 500 Bitcoin (BTC) for 1 billion Czech koruna ($45 million) in an auction after receiving it…



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

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by Tech In Asia

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