Episode June 17, 2024 10 min 47s

June 17: Telecommunication Companies into Bitcoin Mining

Nigeria has dropped tax charges against Binance executives, a pivotal legal development that could alleviate regulatory pressures on Binance. However, it’s too early to relax. We still have money-laundering charge left with both executives' names on. Wait, wait, telecommunications are eyeing the bitcoin mining business. Chinese telecom provider Coolpad is set to purchase Bitcoin mining rigs, marking its entry into the cryptocurrency mining industry. Similarly, T-Mobile, a major telecom giant in Europe, is venturing into Bitcoin mining as well. T-Mobile's entry into this sector reflects the broader trend of mainstream companies recognizing the potential of cryptocurrencies and blockchain technology, potentially leading to greater acceptance and integration of digital assets in traditional industries. In El Salvador, President Nayib Bukele has proposed the establishment of a Bitcoin bank, just two weeks into his second term. Will they be able to approve the Bank for Private Investment? Let’s see. Telegram's game "Hamster Kombat" has reached an impressive 150 million players, demonstrating the massive engagement potential of integrating gaming with cryptocurrency elements.

News Links👇

https://www.coindesk.com/policy/2024/06/14/nigeria-drops-tax-charges-against-binance-executives-family-spokesperson/

https://www.dlnews.com/articles/fintech/chinese-telecom-provider-coolpad-to-buy-bitcoin-minging-rigs/

https://www.cointribune.com/en/the-telecom-giant-t-mobile-is-getting-into-bitcoin-mining/

https://www.dlnews.com/articles/people-culture/president-bukele-proposes-bitcoin-bank-for-el-salvador-two-weeks-after-starting-second-term/

https://decrypt.co/235547/telegram-game-hamster-kombat-150-million-players

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