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Colombia Eyes Bitcoin Mining Hub on Renewable Energy

Colombia‘s President Gustavo Petro has unveiled plans to transform the nation’s Caribbean coast into a Bitcoin (BTC) mining hub powered by renewable energy. The proposal, outlined in a post on X (formerly Twitter) on May 5, aims to utilize the regions untapped solar and wind energy potential to attract investment and drive economic development.　　Petro pinpointed the coastal cities of Barranquilla, Santa Marta, and Riohacha as key sites for Bitcoin mining facilities. He also suggested that Colombia‘s Wayúu community, the country’s largest Indigenous group, could become co-owners of the initiative. “Its an immense boost to the development of the Caribbean,” Petro stated.　　Colombia generates 75% of its electricity from renewable sources like hydropower, according to a 2024 World Bank report—more than double the global average. The Caribbean region, in particular, has seen a surge in renewable energy projects, including the $1.7 billion “Connected Caribbean” grid expansion launched in January 2026. This project is expected to unlock up to 6 GW of new renewable capacity, primarily from wind and solar, easing historical grid bottlenecks.　　Petro‘s proposal reflects a growing trend among emerging markets to capitalize on surplus renewable energy for Bitcoin mining. For instance, Paraguay has leveraged hydroelectric power from its Itaipu dam to

05-07

Can TROLL Crypto Price Sustain Its 250% Rally & Break $0.08?

Crypto　　Can TROLL Crypto Price Sustain Its 250% Rally & Break $0.08？　　The post Can TROLL Crypto Price Sustain Its 250% Rally & Break $0.08？ appeared first on Coinpedia Fintech News　　Out of nowhere this week, the TROLL crypto price has decided it‘s done bleeding. After months of slow grind and near irrelevance through early 2026, the token just flipped the script very hard. Early May brought a brutal 250% rally, and suddenly, this isn’t just another dead chart. As Its moving fast and could keep going contingent on demand.　　TROLL Price Breakout Signals Major Trend Shift　　Here‘s price action on daily time frame chart where it gets even more interesting. The TROLL crypto price blasted through the $0.04001 level, marking a clear change of character after a prolonged downtrend. That level wasn’t just resistance but it was the line between “forgotten” and “maybe not.” Now its holding above it. That matters a lot now.　　Even the 200-day EMA band has flipped from pressure to support, which, in crypto terms, is basically the market saying, “fine, well take this seriously for now.”　　iTrustCapital Listing Ignites Fresh Market Attention　　Well, today this rally saw another spike intraday and didnt come out of thin air. iTrustCapital added TROLL to its

05-07

Samourai Wallet’s Co-Founder Appeals for Bitcoin Donations From Federal Prison

Samourai Wallet co-founder Keonne Rodriguez published a public appeal from FPC Morgantown federal prison, asking Bitcoin (BTC) holders to donate to a wallet address tied to his familys mounting legal debt.　　Rodriguez wrote on X (Twitter) that he and his wife Lauren owe more than $2 million in legal fees. They also face a $250,000 court-imposed fine after his guilty plea to operating an unlicensed money-transmitting business.　　Pardon Prospects Have Faded　　In his May 6 post, Rodriguez said he is five months into a 60-month sentence at the West Virginia camp. He surrendered to federal custody in December 2025.　　He had previously been released on a $1 million bond before sentencing.　　Hope for a presidential pardon stirred briefly during the Bitcoin 2026 conference but has since dimmed. President Trump had said in late 2025 he would consider a pardon.　　JUST IN: ???????? President Trump says he will consider a pardon for the CEO of privacy-focused Bitcoin wallet Samourai.　　“I‘ve heard about it, I’ll look at it. Lets take a look at it.” pic.twitter.com/WfpLPYOlfj　　— Bitcoin Magazine (@BitcoinMagazine) December 15, 2025　　Rodriguez now calls those prospects “very low.”　　“I am simply a federal prisoner without money, power, or influence, and I will serve my full sentence,” he lamented.　　$2 Million in Debt

05-07

3 Oil Stocks To Watch In May 2026

Tech　　3 Oil Stocks To Watch In May 2026　　Oil stocks trade at a $40 premium to where JP Morgan thinks 2026 fundamentals settle. The gap is pure geopolitical risk from the US-Iran conflict. 　　Three names just reported Q1 2026 results this week, each handling the bifurcation differently. One is the diversified hedge. The other is a high-beta upstream bet. And the last one is the most exposed if the premium fades. May 2026 is when each chart picks a side.　　Oil Stocks to Watch in May 2026ExxonMobil (NYSE: XOM)　　ExxonMobil is the most diversified this watchlist. The stock corrected from a high of $176.48 to a low of $141.96 as US-Iran de-escalation pulled the geopolitical premium out of oil prices.　　Renewed tensions and Project Freedom then triggered a bounce. Currently, XOM trades at $154.88 inside an ascending channel that began on April 17, bounded by two upward-sloping trendlines.　　However, the structure is not yet bullish. It remains a corrective continuation pattern until XOM closes above the upper trendline. The price action from April 17 to May 5 shows clear volume divergence.　　The stock trended higher within the channel, while volume trended lower over the same period. Lower volume on a rising trend signals buyers are not

05-07

Hut 8 Shares Rise 30% on $9.8B AI Lease Built for NVIDIA Specs

Tech　　Hut 8 Shares Rise 30% on $9.8B AI Lease Built for NVIDIA SpecsHut 8 shares rose more than 30% in pre-market trading after announcing a $9.8 billion AI data center lease.The lease supports a data center campus designed to align with NVIDIA compute architecture for AI workloads.Hut 8 said the full value of the deal could exceed $25 billion if all renewal options are exercised.The company reported a net loss of $253 million in the first quarter of 2026.Quarterly revenue increased to $71 million, driven mainly by compute-related operations.　　Hut 8 recorded a sharp pre-market share increase after securing a $9.8 billion AI infrastructure lease. The agreement centers on a data center campus aligned with NVIDIA compute architecture. The company also released first-quarter earnings alongside the announcement.　　Hut 8 Secures AI Data Center Lease Linked to NVIDIA Architecture　　Hut 8 confirmed a long-term lease tied to its Beacon Point campus in Nueces County, Texas. The tenant remains unnamed, yet the company outlined its intended use clearly. The infrastructure will support AI training and inference workloads at hyperscale.　　The company stated that the lease represents the first commercialization phase for the Beacon Point project. Hut 8 also indicated that full renewal options could raise the

05-07

Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage

Tech　　Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage　　exchange Coinbase (Nasdaq: COIN) announced on May 6 that it began offering and silver perpetual futures for eligible non-U.S. traders, marking another step in its push to bring traditional market products onto digital asset trading platforms. The contracts provide exposure to spot and silver prices through perpetual futures that settle in USDC and reference one troy ounce of each metal.　　Retail traders in supported jurisdictions can access the products through the Coinbase website and the Coinbase app. Institutions can use Coinbase International Exchange. GOLD-PERP tracks spot , while SILVER-PERP tracks spot silver. The exchange said contracts will support maximum of up to 25x, while silver contracts will support up to 20x. Both products are linear perpetual futures, meaning they do not expire and do not require traders to roll positions into a new contract. Coinbase said the contracts are designed for continuous trading throughout the year, apart from scheduled maintenance periods.　　The products also include small order-size options and risk-management controls aimed at both retail and institutional users. The launch fits into Coinbases broader plan to combine crypto-native trading tools with assets more commonly associated with traditional finance. That

05-07

Anchorage and Google Cloud Launch AI-Driven Agentic Banking

Crypto bank Anchorage has unveiled an innovative agentic banking service designed to give artificial intelligence (AI) agents controlled access to both fiat and crypto payment systems. The initiative, launched in partnership with Google Cloud, aims to position Anchorage at the forefront of a potential trillion-dollar industry, according to CEO Nathan McCauley.　　Agentic banking allows AI agents to independently manage financial transactions, complete with verifiable IDs, preset spending limits, and regulatory compliance features, eliminating the need for human intermediaries. McCauley, speaking at the Consensus 2026 conference in Miami, described the service as essential to supporting the next wave of automation in finance, where “agents pay merchants, agents pay each other, and agents get paid.”　　Google Clouds role in the partnership is to provide the intelligence layer, enabling AI agents to “discover, negotiate, and coordinate” transactions autonomously. This collaboration underscores the growing convergence of traditional finance, blockchain technology, and AI-driven systems.　　Why It Matters　　The emergence of agentic banking addresses a critical gap in existing financial infrastructure. Most current systems were designed for human users, creating inefficiencies when applied to AI-driven automation in areas like treasury management, procurement, and payments. According to Ripple Labs researcher Oliver Segovia, this development reflects a broader trend where tech companies

05-07

63% of Institutions are Investing in Crypto for Diversification, Report Finds

BTC and ETH together accounted for 58% of portfolio responses. Legacy altcoins such as Cardano (ADA) and Polkadot (DOT) lost ground in portfolios.　　Investors rotated toward Aave (AAVE), Sui (SUI), Tron (TRX) and Decentralized Finance (DeFi) protocols.　　Corporate Restrictions Overtake Regulation　　Corporate restrictions surged to the top of the barriers blocking deeper allocation, displacing regulation as the main obstacle. Legacy systems at large institutions remain a primary friction point.　　Quantum risk continued to surface in client meetings, while reputational concerns and volatility eased but stayed elevated. Most respondents remained undecided on whether the US Federal Reserve has made a policy error.　　Allocations climbing beyond the 1% median will likely depend on how fast institutions clear those internal restrictions.　　The post 63% of Institutions are Investing in Crypto for Diversification, Report Finds appeared first on BeInCrypto.

05-07

Fairshake and AI PACs pour $100m into midterms

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.　　Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.　　The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want

05-07

AUD/USD nears four-year high as Iran deal hopes weaken US Dollar

Technical Analysis　　In the fifteen-minute chart, AUD/USD trades at 0.7239. The pair holds above the days open at 0.7205, keeping a mild intraday bullish bias in place as buyers defend the recent recovery from lower levels. The Stochastic RSI at around 60 leans positively but is not overbought, suggesting upside pressure persists without yet signaling exhaustion.　　On the downside, initial support is located at the days open near 0.7205, where a break would weaken the constructive tone and expose deeper retracement toward prior intraday lows. With no major moving averages or structural resistance levels provided overhead, short-term price action is likely to be driven by momentum swings, with a sustained Stochastic RSI push toward overbought territory needed to signal a more extended advance.　　In the daily chart, AUD/USD trades at 0.7239. The pair holds well above both the 50-day Exponential Moving Average (EMA) at 0.7072 and the 200-day EMA at 0.6826, keeping the near-term bias constructive as the medium-term trend remains pointed higher. The short-term pullback in the Stochastic RSI toward the mid-range around 53 suggests momentum has cooled from overbought territory but still hints at ongoing upside pressure while price action stays supported by these underlying averages.　　On the downside, initial support is

05-07

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