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Bitcoin Is Replacing Gold And Heading For A Million-Dollar Valuation, Tom Lee Declares

by admin August 19, 2025


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In the early days of Bitcoin, the largest cryptocurrency was seen as a mere tech asset by early adopters and developers with no intrinsic value. However, BTC has since grown at an exponential rate over the years, slowly earning the reputation of Digital Gold in the crypto and financial landscape.

Gold Out, Bitcoin Taking Over

Bitcoin’s mainstream status is growing strong across the broader financial sector, with many well-known figures and companies doubling down on the crypto king. As Bitcoin takes over the finance system, Tom Lee, Veteran market strategist and Fundstrat Global Advisors CEO, reignited the bullish debate around BTC, its stark transformative potential, and role.

Trending Bitcoin on the social media platform X shared a short clip of a recent interview where Fundstrat’s CEO made the bold declaration about BTC. While underscoring BTC’s evolution from an ordinary tech asset to a mainstream asset, Lee has once again doubled down on his bold forecast that BTC may reach the million-dollar valuation in the years ahead.

In the interview, Lee gave his latest remarks on BTC, emphasizing that Bitcoin is not just a speculative asset but a viable replacement for Gold, the world’s largest asset. This audacious claim by Lee positions the crypto king as the ultimate store of value in the dynamic digital era.

Lee’s statement that BTC will replace Gold is backed by the conviction of market participants and the use cases of the asset, which have several use cases. With institutional adoption growing and investor confidence in conventional hedges declining, Bitcoin’s resilience and scarcity will solidify its role as the contemporary counterpart and ultimate replacement of gold.

Considering these developments, the CEO  has recalled his long-term bullish projections for Bitcoin, noting that it will hit the $1 million value over time. After sharing his price prediction, Lee also delved into the longstanding BTC 4-year cycle. 

According to the veteran strategist, the 4-year cycle could be drawing close to its end for BTC. This is because of how institutions are adopting the asset as the thesis is taking place. As a result, institutional investors and essentially permanent holders of BTC will start engaging with the crypto asset. 

Lee has declared this wave of strong investors a good thing for BTC. Thus far, the CEO expects the asset to significantly build on the $120,000, which would act as a launchpad to the $200,000 and $250,000 range before the end of this year.

Large Institutions Are Still Buying BTC

Despite facing heightened bearish pressure, large companies are showing robust confidence in Bitcoin, as they continue to purchase it in substantial portions. A recent BTC Buy from a Japanese-based firm, Metaplanet, demonstrates this persistent accumulation among big corporations.

In another strategic move, Metaplanet has acquired an additional 775 BTC, valued at $93 million at $120,006 per coin. According to the report shared by the firm’s president, Simon Gerovich, Metaplanet’s overall Bitcoin holdings now stand at 18,888 BTC, worth a staggering $1.9 billion. The data shows that the firm has achieved a yield of 480.2% year-to-date (YTD) in 2025.

BTC trading at $115,186 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 19, 2025 0 comments
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Bluebird Mining secures Bitcoin funding as Philippine gold deal nears completion
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Bluebird Mining secures Bitcoin funding as Philippine gold deal nears completion

by admin June 25, 2025



Bluebird Mining is accelerating its pivot to digital assets with a £2 million funding facility to buy Bitcoin, timed just as it finalizes a gold profit-sharing agreement in the Philippines.

On June 25, Bluebird Mining Ventures Ltd, a London-listed gold miner, has secured a £2 million funding facility, with £1 million available immediately, to begin implementing its Bitcoin Treasury strategy.

The facility is structured as a zero-interest loan, maturing on 31 Dec. 2026, with the option for the lender to convert the debt into Bluebird shares at 2 pence per share.

The funds will be used to purchase Bitcoin (BTC), marking the company’s entry into digital asset holdings alongside its core business in gold mining.

The timing of the funding coincides with Bluebird’s June 24 announcement that it’s finalizing a gold project agreement in the Philippines. Under the deal, the company will receive a 10% profit share and bonus royalty payments. This aligns directly with Bluebird’s recently stated strategy to convert future gold revenues into Bitcoin.

As the company announced on June 5, it plans to combine income streams from its gold mining projects and recycle those revenues into a proactive Bitcoin-in-Treasury management approach, while maintaining minimal corporate overhead.



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June 25, 2025 0 comments
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USA's Haji Wright (Achilles) out for rest of Concacaf Gold Cup
Esports

USA’s Haji Wright (Achilles) out for rest of Concacaf Gold Cup

by admin June 22, 2025


  • Jeff CarlisleJun 21, 2025, 04:58 PM ET

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      Jeff Carlisle covers MLS and the U.S. national team for ESPN FC.

ARLINGTON, Texas — United States international forward Haji Wright has been ruled out for the remainder of the Concacaf Gold Cup with an Achilles injury, U.S. Soccer announced on Saturday.

In a statement, the USSF added that Wright “will return to Coventry City for further evaluation and treatment.” Tournament rules stipulate that Wright can’t be replaced on the U.S. roster.

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“Always sad to see a player leave, because the group was very good, and he’s a very good guy, and adds very good quality to the group, [a] different option,” USMNT coach Mauricio Pochettino told reporters at a news conference shortly after the announcement.

“He’s a player that can play in different positions in the attack. Yes, sad situation, sad for him, sad for the team, but I think we need to prioritize his process to recovery.”

Wright, 27, scored as a substitute in the USMNT’s 5-0 tournament-opening win over Trinidad and Tobago, but he was held out of training in the run-up to the match against Saudi Arabia and was left off the game-day roster.

Haji Wright’s injury is a blow to the USMNT’s Gold Cup hopes. John Todd/ISI Photos/USSF/Getty Image

After the match, Pochettino said that an announcement regarding Wright’s status would be made in the coming days.

Wright was seen with his teammates getting off the bus prior to Saturday’s training session but was limited to gym work, according to a team spokesperson.

“He already arrived with some problems in his Achilles, and then we cannot fix the problem; he increased [his] pain,” Pochettino added Saturday. “That is why that [this] is the decision that we take.”

The injury is a tough blow for Wright, who was coming off a solid season with Coventry City in England’s second-tier Championship, scoring 12 goals in 31 league and cup appearances.

He had also been hoping to make a significant impression on Pochettino given that other forwards like AS Monaco’s Folarin Balogun, PSV Eindhoven’s Ricardo Pepi and Norwich City’s Josh Sargent were all not named to the final Gold Cup roster.

Information from ESPN’s Cesar Hernandez contributed to this report.



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June 22, 2025 0 comments
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Bitcoin Scores Ultra Rare Golden Cross Versus Gold
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Bitcoin Scores Ultra Rare Golden Cross Versus Gold

by admin June 16, 2025


In the last two days, Bitcoin has formed what is known as a golden cross against gold – where the 23-day moving average crosses above the 50-day. It is not that unusual on traditional asset charts, but this crossover between Bitcoin and precious metal is rare and is usually seen as a big shift in current momentum.

Since the cross took shape, Bitcoin price has outperformed gold by 2.67%, with the BTC/XAU ratio now at 31.6. At the moment, one Bitcoin is basically the same as 31.6 ounces of gold. That is a notable move, even if it is still well below the all-time high of 41.074 set back in December 2024.

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Right now, Bitcoin is trading at around $107,500, while gold is at $3,404 per ounce. This puts BTC close to its recent highs and makes it stronger compared to gold, which has been rather stable recently, though trading at an all-time high too.

Source: TradingView

Golden crosses do not always mean that prices will keep rising, but they do suggest that things might be changing. They often get the attention of both algorithms and traders who are making decisions about what to buy and sell. 

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This could be a sign that Bitcoin is becoming a popular choice again as a way to store value, especially when the markets are still figuring out where to put their long-term money. On the other hand, it can be an indicator that markets are turning the switch on for risk mode.

It is not the first time Bitcoin has gained momentum against gold, but this particular cross comes after a quieter stretch in the BTC/XAU pair. With the big economic picture still up in the air and investors switching between inflation, interest rates and geopolitical issues, these kinds of shifts tend to get noticed.



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June 16, 2025 0 comments
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Mexico President Sheinbaum calls for no ICE action at Gold Cup

by admin June 14, 2025



Jun 13, 2025, 05:22 PM ET

Mexican President Claudia Sheinbaum on Friday urged U.S. authorities not to conduct immigration enforcement targeting attendees of a Gold Cup soccer match in Inglewood, California, where Mexico’s team is due to play the Dominican Republic on Saturday.

Her comments followed recent raids by immigration authorities in the Los Angeles area targeting undocumented migrants under policies associated with President Donald Trump’s administration, which have sparked protests across major cities.

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U.S. Customs and Border Protection, in a now-deleted post to social media, had also promised to be “suited and booted” at the first round of Club World Cup soccer matches, the curtain-raiser event for next year’s World Cup.

“We don’t believe that at any soccer match there will be any [immigration] action. … We call for none to be taken by U.S. Immigration and Customs Enforcement,” Sheinbaum said in her morning news conference.

Asked if she would still advise fans to attend Saturday’s match at SoFi Stadium, Sheinbaum noted that Mexican consulates in the U.S. have established protocols to assist citizens if detained.

“This campaign we are carrying out through the consulates will provide all the information on what to do if detained, as well as ongoing contact with families,” Sheinbaum said.

Mexican President Claudia Sheinbaum has called for immigration authorities not to target fans attending Gold Cup games in the U.S. Daniel Cardenas/Anadolu via Getty Images

In response to its social media post, CBP said it regularly provides security at big sporting events.

“U.S. Customs and Border Protection is committed to working with our local and federal partners to ensure the FIFA Club World Cup 25 is safe for everyone involved, as we do with every major sporting event, including the Super Bowl. Our mission remains unchanged,” it told The Associated Press on Thursday.

Sheinbaum also addressed viral social media images of demonstrators in Los Angeles holding Mexican flags, dismissing them as “potential provocations.”

“Mexico will always promote peace,” she said, adding that its nationals in the U.S. are hardworking individuals who do not seek to incite violence.

Usually, the Mexican national team matches attract large crowds whenever it plays in Southern California. Its last match there was in March, when more than 50,000 fans attended a Nations League semifinal against Canada.

For safety concerns, the Mexican national team decided to change hotels earlier in the week and moved from downtown to Long Beach.

Mexico will play its next two Concacaf Gold Cup group stage matches in Arlington, Texas, and Las Vegas. The tournament also features Central American countries with sizable migrant populations in the United States.

Information from Reuters and The Associated Press was used in this report.



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June 14, 2025 0 comments
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Crypto Plunges, Israel strikes Iran, Gold & Oil Soar
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Crypto Plunges, Israel strikes Iran, Gold & Oil Soar

by admin June 14, 2025




Crypto Plunges, Israel strikes Iran, Gold & Oil Soar
FOMO HOUR EP378

Crypto plunges as Israel strikes Iran. $1.1bn liquidations, Wynn liquidated again. GameStop upsizes debt raise to $2.25bn, to buy BTC. 21 companies launched BTC reserve in last 30 days. Sharplink falls 70% after equity re-sale announced. Sharplink acquires $463m ETH. DFDV announces $5bn equity line to buy SOL. Tony G launches HYPE treasury with $400k HYPE. DOT community proposes BTC treasury. Phantom allows USDC payments to Shopify. Walmart & Amazon consider issuing stablecoins. USDC natively launched on XRP ledger . Trident Digital to raise $500m to buy XRP. DTCC exploring stablecoin usage. Coinbase collabs with AmEx on BTC cashback card. Coinbase to allow DEX & perp trading in US. SEC delays decision on several altcoin ETFs. Tether acquires 32% in Elemental Altus for $92m. Tokenised gold goes live on Hyperliquid.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

JOIN YEET = https://yeet.com/register?aff=fomohour
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June 14, 2025 0 comments
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Crypto Trends

Why Did Bitcoin Dip as Gold Surged Amid Israel-Iran Tensions?

by admin June 13, 2025



In brief

  • Bitcoin dropped while gold jumped to two-month highs as tensions between Israel and Iran marred global stability.
  • Over $1 billion in crypto positions were liquidated within 24 hours of Israel’s airstrike.
  • Divergence strengthens Bitcoin’s correlation with risk assets in times of crisis, analysts say.

Late Thursday evening, Israeli fighter jets struck Iranian nuclear facilities, opening a wave of instability across global markets, with two camps split on what to do: those running for shelter and those fleeing risk.

Gold, long considered a safe haven, beckoned investors seeking safety from the escalating Middle East conflict. Bitcoin, often touted as digital gold, instead joined the exodus of risk assets.

“The traditional buyers of gold are not in the crypto market yet,” Stephen Wundke, director of strategy and revenue at quantitative digital asset investment firm Algoz, told Decrypt. He added that gold buyers are “risk-off investors who will return to the safe haven that is gold, as they see it, whenever there is potential conflict.”

Though gold is up over 2% on the day, Wundke thinks this is “hardly a rush to cover,” adding that Bitcoin, for one, had been falling “well before there was any news of the strike on Iran.”

Data from CoinGecko show that the price of Bitcoin plunged 3.6% to $103,900 Friday morning as initial reports that Israel launched airstrikes on Iranian nuclear facilities came in.

At the same time, gold leapt to $3,427.90 per ounce, showing how the two assets diverge during a geopolitical crisis. It is up 7% in the past month and more than 46% year-to-date, data from Trading Economics indicate.

“Bitcoin is sometimes seen as a safe haven, but in reality, it often moves in line with tech stocks rather than gold,” Jay Jo, senior research analyst at Tiger Research, told Decrypt. “Because of this coupling, Bitcoin and gold can show opposite price trends during geopolitical crises.”

Risk reality check

While the smoke hasn’t settled, altcoins including Ethereum, XRP, and Solana tapped over $1 billion in liquidations, most of which are in long positions. Meanwhile, traditional safe havens, including gold, the U.S. dollar, and government bonds, attracted flight-to-safety flows as investors dumped risk assets.

“Fundamentals are more at play with BTC than problems in the Middle East, at the moment,” Wundke noted, adding that June is “traditionally a quiet month for BTC” and that the market appears to be “in a consolidation phase.”

Still, Wundke argued that if “any significant escalation in the Middle East” occurs, it might affect Bitcoin and send it breaking below $100,000.

Sentiment has slipped over the past day; although the Crypto Fear and Greed Index currently sits at 61, indicating greed, it’s down 10 points on the day—and over 81% of predictors on Myriad expect it to hold below 64 through the end of the week.

(Disclaimer: decentralized on-chain prediction market Myriad was launched by Decrypt’s parent company, DASTAN)

Bitcoin’s younger, more leverage-prone investor base might have contributed to the selloff intensity, with some noting that a shift is underway.

“The bull case becomes [that] over time, young people care about it more than old people,” Galaxy Digital CEO Mike Novogratz claimed in a CNBC interview Friday. Gold “slowly gets replaced by Bitcoin” as the alpha crypto has increasingly become an institutionalized “macro asset,” he added.

Citing weighted demand from financial institutions such as BlackRock, Novogratz said that interest in Bitcoin as a macro-asset could be likened to “a ball rolling downhill.”

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June 13, 2025 0 comments
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El Capitan
Gaming Gear

AMD supercomputers take gold and silver in latest Top500 as Chinese HPC remains shrouded in secrecy

by admin June 11, 2025



Top500.org on Tuesday released its 65th list of the world’s most powerful supercomputers, revealing the dominance of American AMD-based systems amid a lack of new entries from China, as well as the performance of supercomputers used by AI giants such as xAI and OpenAI.

The latest update to the global high-performance computing rankings places the AMD Instinct MI300A-based El Capitan at the forefront with Rmax performance of 1.7 FP64 ExaFLOPS, followed by the AMD-powered Frontier (1.353 ExaFLOPS) and Intel-based Aurora (1.012 ExaFLOPS) as the top three exascale-class systems, all of which are operated by U.S. Department of Energy laboratories.

The world’s fourth-most most powerful supercomputer — Germany’s Jupiter Booster, based on Nvidia’s GH200 platform — is a new entrant offering Rmax performance of 0.793 ExaFLOPS. Rounding out the top five, Microsoft’s Eagle achieved 0.561 ExaFLOPS.


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El Capitan, located at Lawrence Livermore National Laboratory in California, achieves 1.742 ExaFLOPS on the HPL benchmark using AMD’s fourth-generation EPYC processors and Instinct MI300A accelerators, all within an HPE Cray EX255a framework. It comprises over 11 million cores and uses the HPE Slingshot interconnect.

El Capitan also topped the companion High Performance Conjugate Gradients (HPCG) performance list with 17.1 PetaFLOPS and in the HPL-MxP mixed-precision benchmark with 16.7 ExaFLOPS. As for energy efficiency, it stands at 58.9 GigaFLOPS per watt.

Frontier, the second-place system in HPL, is installed at Oak Ridge National Laboratory in Tennessee and achieved 1.353 ExaFLOPS. It uses AMD’s third-generation EPYC CPUs, Radeon Instinct 250X accelerators, and HPE Cray EX235a infrastructure with the same Slingshot interconnect. It operates with over 8.6 million cores.

Frontier ranks third in the HPCG benchmark (behind Japan’s Fugaku) with 14.05 petaflops. Frontier also took third place in the HPL-MxP benchmark with 11.4 ExaFLOPS. Its energy efficiency works out to 54.98 GigaFLOPS per watt.

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Aurora is housed at Argonne National Laboratory in Illinois and recorded 1.012 ExaFLOPS on the HPL benchmark for the bronze medal in HPL. Built on Intel Xeon CPU Max and Data Center GPU Max (aka Ponte Vecchio) components, it relies on an HPE Cray EX installation using the Slingshot interconnect. It secured the second spot in the HPL-MxP benchmark with 11.6 ExaFLOPS, but it’s in fourth place on the HPCG benchmark at 5.6 PFLOPS.

JUPITER Booster is Europe’s first system in this performance class. The machine is installed at the Jülich Supercomputing Centre in Germany and reaches its fourth-place spot with a preliminary 793.4 PFLOPS in HPL. JUPITER Booster uses Nvidia Grace Hopper hardware on Eviden’s BullSequana XH3000 platform with direct liquid cooling and HP’s Slingshot networking. It is currently being brought online.

Microsoft Azure’s Eagle system holds the fifth position in HPL with 561 PFLOPS using Xeon Platinum 8480C processors and Nvidia H100 GPUs.

Although CPUs from AMD power two of the world’s highest-performing processors and five out of Top 10 machines, a detailed analysis of the June 2025 Top 500 list reveals that Intel processors are used in 294 of the 500 systems. AMD follows with 173 supercomputers.

Nvidia systems appear in 13 entries, showing early traction for the Arm-compatible Grace Hopper architecture. Nine systems are based on other Arm processors, such as Fujitsu’s A64FX. An additional six systems use other processor types, including IBM Power9 and China’s Sunway architecture.

The U.S. extended its numerical lead in total systems in the 65th list, while China continued its downward trend as it no longer submits results of its latest systems to Top500.org. As a result, there are 175 American systems, 47 Chinese supercomputers, and 41 German machines in the Top 500 list.

On the energy efficiency front, Germany’s JEDI system leads with 72.73 GigaFLOPS per watt, followed by France’s ROMEO-2025 at 70.91 and Adastra 2 at 69.1. All three use BullSequana XH3000 infrastructure. El Capitan and Frontier ranked 26th and below on energy, reflecting a different balance between performance and efficiency.

Follow Tom’s Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.



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June 11, 2025 0 comments
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Period Data ‘Gold Mine’ Poses Serious Health and Safety Risks, Report Finds
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Period Data ‘Gold Mine’ Poses Serious Health and Safety Risks, Report Finds

by admin June 10, 2025


Apps that help people track their menstrual cycle are data “gold mines” for advertisers, a new report warns. Advertisers use this highly valuable data for customer profiling, allowing them to tailor marketing campaigns to specific groups of consumers.

The report, published by the University of Cambridge’s Minderoo Centre for Technology and Democracy on Tuesday, June 10, explains that the risks to app users go far beyond just targeted ads. When this data falls into the wrong hands, it can affect users’ job prospects and lead to workplace surveillance, health insurance discrimination, and cyberstalking. It has even been used to limit access to abortion in the U.S., the study warns.

Hundreds of millions of people use period tracking apps. A 2024 study estimated that the number of global downloads for the three most popular apps exceeds 250 million. These platforms are run by companies that profit from the mountain of user data they collect—particularly pregnancy data. According to the University of Cambridge report, data on pregnancy is 200 times more valuable to advertisers than data on age, gender, or location.

Investigations conducted in 2019 and 2020 by Privacy International, a U.K.-based nonprofit, found that multiple apps directly shared personal data with advertisers. A follow-up study published on May 28 found that while major menstrual app companies have improved their approach to data privacy, they still collect device data from users in the U.K. and U.S. with “no meaningful consent.”

Stefanie Felsberger, sociologist and lead author of the University of Cambridge report, interviewed period tracking app users in Austria to understand why they use them and what they track. She was surprised to find that many people she spoke with didn’t think of their menstrual data as personal or intimate and were unaware of its incredible commercial value.

“Period tracking apps collect a vast number of different kinds of information,” Felsberger told Gizmodo. “They don’t just collect information about the menstrual cycle as such, they also collect information about people’s reproductive choices, sexual activities, their wellbeing, health, [and] medication intake,” she said. These apps also gather background information about users, including their age, gender, IP addresses, app behavior, and device information, she added.

“We have limited and also changing knowledge about how and where this data has been shared and who has access to it,” Felsberger said.

In the U.S., menstrual tracking apps are regulated as general wellness devices, so the data they collect don’t get any special legal protections, she explained. Advertisers aren’t the only ones who can exploit this lack of safeguarding to access menstrual data. Government officials can also get their hands on this information and use it to restrict abortion access.

“Menstrual tracking data is being used to control people’s reproductive lives.”

Felsberger’s report highlights two such cases, though in these instances, menstrual data did not come specifically from period tracking apps. Still, they illustrate how governments can use this information to limit access to abortion at both state and federal levels.

In 2019, Missouri’s state health department used menstrual tracking data to investigate failed abortions. They also tracked patients’ medical ID numbers, the gestational age of fetuses, and the dates of medical procedures. As a result of this investigation, the state attempted to withhold the license of St. Louis’ Planned Parenthood clinic—the only abortion provider in the state at that time. This led to a year-long legal battle that ultimately restored the clinic’s license.

During President Donald Trump’s first administration, the federal Office of Refugee Resettlement tracked the menstrual cycles of unaccompanied minors seeking asylum in the U.S. They aimed to prevent these minors from obtaining abortions even in cases of rape. A freedom of information request by MSNBC uncovered a spreadsheet containing dates of the minors’ menstrual cycles, lengths of their pregnancies, whether the sex had been consensual, and whether they had requested an abortion. 

These cases underscore the dangers of failing to protect users’ period tracking data, especially in a post-Dobbs world. Since Roe v. Wade was overturned in 2022, abortion access has become deeply fragmented across the U.S. This procedure is currently banned in 13 states and access is significantly limited in an additional 11 states.

In the European Union and the U.K., period tracking apps have more legal protections. “But they are not often implemented very well,” Felsberger said. Their privacy policies tend to be “very vague,” which makes it difficult for users to understand who can access their data.

“App developers and companies have a very large responsibility, because they do present themselves as providing people with this opportunity to learn about their menstrual cycles,” she said. “I think they should also do their utmost to keep people’s data safe and be transparent about the way that they use data.” There is also a need for stronger federal regulations, especially in the U.S., she added.

Given that these apps offer valuable health insights, it’s unrealistic to expect users to stop using them entirely. But Felsberger recommends switching to non-commercial period tracking apps that provide more data privacy. These platforms are run by non-profit organizations or research institutions that won’t share your information with third parties.

As the landscape of reproductive health becomes increasingly treacherous in the U.S., understanding how third parties may exploit your menstrual data has never been more important.

“Menstrual tracking data is being used to control people’s reproductive lives,” Felsberger said in a University statement. “It should not be left in the hands of private companies.”



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June 10, 2025 0 comments
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Crypto Trends

UK Gold Miner Bluebird Pioneers Bitcoin Reserve Move

by admin June 6, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin has found an unexpected champion on London’s junior market. Bluebird Mining Ventures Ltd (AIM: BMV), a gold-focused developer valued at just £2.7 million, says it will recycle any future bullion revenues into Bitcoin and hold the cryptocurrency as its primary treasury reserve—an initiative the company touts as the first of its kind for a UK-listed miner.

Bluebird Mining Eyes Bitcoin Pivot

In a strategic update released this morning, Bluebird framed the decision as a response to “a tectonic shift in global markets.” Management argued that gold’s centuries-old role as a store of value is increasingly “under threat” from the rise of Bitcoin, which many commentators call “digital gold.” The company now intends “to convert future revenues from its mining projects into bitcoin—essentially converting gold to ‘digital gold’,” adding that it will “adopt a policy of holding bitcoin on its balance sheet as a treasury reserve asset.”

Executive Director and interim chief executive Aidan Bishop, who has led the rethink, was explicit about the motivation. “I embarked some time ago on a journey to understand and learn about bitcoin,” he said. “I am convinced that we are witnessing a tectonic shift in global markets and that bitcoin will reshape the landscape of financial markets on every level.” He described the hybrid “gold plus digital gold” model as a chance “to turn the page, look to the future and seek to attract a new type of shareholder.”

The pivot comes as Bluebird edges toward a breakthrough farm-out on its flagship Batangas gold project in the Philippines. Negotiations with its local partner have reached an “advanced stage” that, if concluded within weeks, would extend the company’s free-carry status all the way to first production while preserving a life-of-mine net-profit interest with no additional capital outlay.

In South Korea, where regulatory setbacks have stalled progress at the Kochang and Gubong deposits, Bluebird’s local counsel is preparing an administrative lawsuit to be filed before 18 June in an effort to protect asset value. The board said it would “continue to actively identify opportunities whereby these projects could progress without further capital requirements from the Company.”

Because the firm plans to run with “minimal corporate overhead,” it believes a Bitcoin-backed treasury could amplify returns once Philippine cash flow begins. Management pointed to public companies elsewhere that hold Bitcoin and “have been enjoying significant investor interest as well as substantial premiums to Net Asset Value that have challenged traditional financial metrics.”

To drive the new strategy, Bluebird has started searching for a chief executive with digital-asset expertise. Discussions with several candidates are already under way.

Whether the market rewards the experiment remains to be seen, but on the day the plan was announced Bluebird shares traded 63% higher on heavy volume, suggesting that investors are at least prepared to speculate that gold mined from Asian hillsides can be alchemised into a balance-sheet stack of cryptographic scarcity. If the Philippine deal and the Bitcoin treasury both materialise, Bluebird will test a simple thesis: in a world of fiat debasement and tightening gold margins, digital gold may prove the richer vein.

At press time, BTC traded at $105,495.

BTC price, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 6, 2025 0 comments
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    August 22, 2025
  • Mortal Kombat Movie Limited Edition Steelbook Preorders Drop To $30

    August 22, 2025
  • Puyo Puyo Tetris 2S review: still a great puzzle game, but a disappointing port

    August 22, 2025
  • Elden Ring reportedly runs poorly on Switch 2, but is anyone surprised?

    August 22, 2025
  • Ripple to Bring RLUSD to Japan

    August 22, 2025

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Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Japan’s SBI Holdings Joins Tokenized Stock Push With Startale Joint Venture

    August 22, 2025
  • Mortal Kombat Movie Limited Edition Steelbook Preorders Drop To $30

    August 22, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

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