⚡️ Pakistan's Bold Move: 2,000MW for Bitcoin Mining ⚡️
Pakistan has decided to use 2,000 megawatts of extra electricity for Bitcoin mining and AI centers. This move is part of a larger digital plan led by the Pakistan Crypto Council and supported by the Ministry of Finance. Local news reports say it could bring in billions of dollars in foreign investment and help create tech jobs across the country.
Finance Minister Muhammad Aurangzeb explained that the plan will happen in stages. First, the extra electricity will power AI and crypto mining. Later, they plan to add renewable energy to make sure the growth is also good for the environment. 🌱
🚀 Crypto ETFs: Here to Stay, Says Cathie Wood 🚀
ARK Invest CEO Cathie Wood has expressed confidence in the enduring presence of crypto exchange-traded funds (ETFs), even as crypto wallet adoption grows. Speaking at the Solana Accelerate event, Wood emphasized that ETFs are crucial due to their user-friendly nature, acting as a "stepping stone" for those new to crypto.
The growing success of ETFs is evident, with around $2.75 billion in inflows into US-based spot Bitcoin ETFs during the week ending May 23, as Bitcoin's price soared to a new all-time high of $111,970. 🚀
⚠️ Beware! Ledger Phishing Scam Strikes ⚠️
A new phishing scam affecting Ledger hardware wallet users has emerged, with fake letters sent through traditional mail instructing recipients to "validate" their wallets. These letters, masquerading as official Ledger communication, include a QR code leading to a malicious phishing site designed to steal private keys and personal data.
BitGo CEO Mike Belshe has raised awareness by sharing a letter via X, highlighting the sophisticated nature of this scam. This serves as a critical reminder for crypto enthusiasts to be vigilant and safeguard their sensitive information from ever-evolving phishing attempts. 🔒
