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Showing posts with the label rumors

Is the US DoD about to start mining bitcoin? Crypto X thinks so

Earlier today, rumors circulated on social media of a covert bitcoin (BTC) mining operation at the US Department of Defense (DoD). Sparked by a claim from a worker at BTC ATM company Byte Federal and amplified by Jason Lowery, screenshots of posts from notable investors like Michael Saylor, Matthew Pines, and David Bailey alluded to vague, upcoming, “big” federal developments. The unsubstantiated rumor took flight despite flimsy evidence, earning hundreds of thousands of impressions. I think the DoD is going to start mining bitcoin. pic.twitter.com/hsvTNwfwUr — Michelle Weekley (@michelleweekley) March 17, 2025 On March 6, 2025, President Donald Trump established a Strategic Bitcoin Reserve and another Digital Asset Stockpile. Neither involve mining. However, Trump has previously expressed support for BTC mining , including during last summer’s presidential campaign trail. “BTC mining may be our last line of defense against a CBDC. Biden’s ha...

SHIB, BONE, LEASH tokens dip amid rumors of $2.5M Shibarium gaffe

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Shiba Inu and related-token prices plunged since Shibarium's launch, while rumors of a significant technical error in the new Shibarium network have been swirling. The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related token s.  Many Shiba Inu (SHIB) holders had held out hope for a sharp appreciation of SHIB, Shibarium’s governance token BONE and the LEASH token with the launch of the Shibarium network on Aug. 16. However, those aspirations have been dashed rather quickly. At the time of publication, the price of SHIB is down 8.1% in the last 24 hours while BONE has fallen more than 14% in the same timeframe. The ecosystems’ LEASH token — a low supply staking rewards coin — fared the worst, dropping 23.5% on the day. Shiba Inu (SHIB) price following the launch of the Shibarium network. Source: CoinGecko The price dip comes amid reports of a pote...