Google has acquired a 5.4% stake in Cipher Mining, a New York-based Bitcoin mining company, marking its second foray into the crypto mining sector. This investment is part of a broader strategy that includes an AI hosting deal with Fludstack, indicating a potential shift in computing power usage towards AI applications.
In a separate development, law enforcement agencies, including Interpol, have executed a significant crackdown on hundreds of cryptocurrency wallets suspected of illicit activities. This operation underscores ongoing global efforts to regulate and secure the crypto space. Meanwhile, the U.S. SEC has approved generic listing standards for cryptocurrencies, potentially expediting the approval process for pending altcoin ETFs.
Google Acquires Stake in Bitcoin Miner Cipher Mining
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