On The Wire: Today's Top Stories In Finance & Tech

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, Tether makes a big move into the Bitcoin mining space—which, it turns out, is far more sustainable than even the EV industry. We look at the problem facing central banks as they unwind trillions of dollars of QE. And does Twitter advertising have a Nazi problem?

Bitcoin More Environmentally Friendly Than EV Industry

A new report by CH4 Capital co-founder Daniel Batten highlights how previous research on Bitcoin's emissions is almost two years out of date, and the industry is now a trailblazer for sustainable power use.

Bitcoin More Environmentally Friendly Than EV Industry

Far from being a dangerous source of pollution, Bitcoin mining uses more sustainable power than any other major industry.

REX WireBender Smort

Navigating The Great Unwind Of Central Bank Assets

Since 2009, major central banks have accrued $20 trillion in assets, and are now facing the delicate task of reducing these via quantitative tightening (QT). This process must balance market stability with financial risks and operational challenges, as rapid unwinding could trigger economic disruptions and damage central bank reputations.

Navigating The Great Unwind Of Central Bank Assets

Central banks grapple with shrinking their $20 trillion balance sheets, balancing market stability and quantitative tightening risks.

REX WireAndres Luke

Tether To Make Half-Billion Dollar Mining Investment

Stablecoin issuer Tether, responsible for the systemically important $87 billion USDT ecosystem, is diversifying into the Bitcoin mining space. The company plans to control 1% of total network hashrate by 2025.

Tether To Make Half-Billion Dollar Mining Investment

The world’s largest stablecoin issuer is seeking to embed itself further as a fundamental part of the crypto ecosystem.

REX WireBender Smort

Israeli Detective Sentenced For Role In Wirecard Hacking Case

Israeli detective Aviram Azari was sentenced to 80 months for hacking in the Wirecard scandal, targeting journalists and critics. His global spearphishing campaign, part of a $4.8 million scheme, marks the first prosecution since Wirecard's 2020 collapse.

Israeli Detective Sentenced For Role In Wirecard Hacking Case

Israeli detective Aviram Azari receives 80-month sentence in Wirecard hacking case targeting critics and journalists.

REX WireAndres Luke

IBM Withdraws Ads from X After Exposure of Nazi-Linked Content

IBM withdraws ads from Elon Musk's X after a report shows them alongside Nazi-related content. Other brands have also been impacted, raising further concerns about X's ad revenues. The platform, under scrutiny for relaxed moderation, is struggling to reassure advertisers about content safety.

IBM Withdraws Ads from X After Exposure Of Nazi-Linked Content

IBM halts advertising on Elon Musk’s X following exposure of their ads next to pro-Nazi content.

REX WireAndres Luke

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