Mining Blog & Mining News

Blog • 12 October 2023, Thursday, 14:10

Charlie Munger's Zoomtopia Keynote: Crypto, AI, and Life Wisdom

Charlie Munger's Zoomtopia Keynote: Crypto, AI, and Life Wisdom Charlie Munger, renowned investor and Vice-Chairman of Berkshire Hathaway, took the stage during video conferencing company Zoom’s Zoomtopia conference on October 4, sharing his thoughts on crypto, artificial intelligence (AI), and valuable life lessons.This exclusive event was closed to the public, but highlights from the keynote based on interviews with several audience members were reported by Insider on October 11, offering...

Blog • 12 October 2023, Thursday, 14:00

Biggest Crypto Gainers Today on DEXTools – LYNX, DEE, HOLD

Biggest Crypto Gainers Today on DEXTools – LYNX, DEE, HOLD Blue chip cryptocurrency markets, with Bitcoin (BTC) flat in the $26,700s and Ether (ETH) over 1% lower in the past 24 hours after recently hitting its lowest level since March at $1,520.Traders are monitoring a barrage of new macro information out of the US this week, including Thursday’s slightly hotter-than-forecast inflation numbers, the minutes of the last FOMC meeting that were released on Wednesday, and dovish leaning comments fro...

Blog • 12 October 2023, Thursday, 13:55

BlackRock's Bitcoin ETF Plans Raise Concerns About Centralization, Notes Arthur Hayes

BlackRock's Bitcoin ETF Plans Raise Concerns About Centralization, Notes Arthur Hayes According to a recent Tom Bilyeu interview with Arthur Hayes, co-founder of BitMEX, the possible entry of asset management behemoth BlackRock into the Bitcoin sector could reshape the leading cryptocurrency in ways that diverge from its original ethos. While traders and investors anticipate the approval of a spot Bitcoin ETF—which BlackRock is also contending for—Hayes highlighted concerns about the large-...

Blog • 12 October 2023, Thursday, 13:25

Kraken Co-Founder Criticizes Venture Capitalists for Enabling Fraud at FTX

Kraken Co-Founder Criticizes Venture Capitalists for Enabling Fraud at FTX In an X social media post on Wednesday, Jesse Powell, the co-founder of Kraken, criticized venture capital firms for their role in what he described as "obvious fraud" at FTX, led by Sam Bankman-Fried (SBF). Powell's comments come amid ongoing legal proceedings against SBF in New York.Venture Capital's Role in FTX's DownfallAccording to Jesse Powell, venture capitalists did not exercise due diligence in their ...

Blog • 12 October 2023, Thursday, 13:15

Court Approves Genesis and FTX $175 Million Settlement Deal Despite Outrage from Creditors

Court Approves Genesis and FTX $175 Million Settlement Deal Despite Outrage from Creditors A United States court has approved the settlement terms of bankrupt digital asset lender, Genesis and FTX's sister company, Alameda Research.A Court filing on Oct 11 shows judicial accent cloaked the agreement which was entered by both companies in the course of the bankruptcy proceeding. Per the agreement, Alameda Research will receive $175 million from Genesis Global, a deal described as “fair and eq...

Blog • 12 October 2023, Thursday, 12:50

Stablecoin-Issuer Circle Pushes for USDC Adoption in the Philippines – What's Going On?

Stablecoin-Issuer Circle Pushes for USDC Adoption in the Philippines – What's Going On? Stablecoin issuer Circle has teamed up with Coins.ph, a major Philippine crypto exchange and crypto wallet provider, to enhance financial inclusion and improve remittances in the Philippines.According to an announcement published by Circle on Wednesday, the partnership aims to raise awareness of USDC-denominated remittances as a secure, low-cost, and near-instant solution for international money transfer...

Blog • 12 October 2023, Thursday, 10:50

Coinbase Trading Volume Plunges 52% to $76 Billion, Marks Lowest Quarter After Public Listing

Coinbase Trading Volume Plunges 52% to $76 Billion, Marks Lowest Quarter After Public Listing Coinbase, the largest cryptocurrency exchange by volume in the United States, recorded a significant decline in spot trading volumes as the crypto bear season drags on.On Oct 11 Bloomberg reported that the low figures posted by the popular exchange in the last quarter could be its lowest in the last two years citing analytics from CCData.Per the report, spot trading volumes for the exchange stood at $76...

Blog • 12 October 2023, Thursday, 10:10

XX Token Is Up 1,000% and This Underestimated Crypto Has Netted $1,000,000 – A Hidden Gem?

XX Token Is Up 1,000% and This Underestimated Crypto Has Netted $1,000,000 – A Hidden Gem? In the latest Twitter X-rebrand themed, Elon Musk inspired, meme coin skyrocket - XX token (XX) has exploded +1,000% in a moon-shot move.Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including DEE, APX, FTX, Blinky, DRS and SNOR.With no known utility, XX token can be regarded as a meme coin in the truest sense, but this hasn't stopped sco...

Blog • 12 October 2023, Thursday, 10:00

Examining Crypto: Was It Ever More Than a Solution in Search of a Problem?

Examining Crypto: Was It Ever More Than a Solution in Search of a Problem? As FTX executives testify to the sheer magnitude of ex-boss Sam Bankman-Fried’s seismic crypto fraud during his trial, some can’t help but wonder what legitimate purpose the industry can ever actually serve.In an opinion piece for the Wall Street Journal on Wednesday, contributing columnist Adam Lashinsky declared that crypto can officially be cast aside as “a solution in search of a problem.” He wrote:“More than a decade...

Blog • 12 October 2023, Thursday, 09:55

Dogecoin Price Prediction as DOGE Climbs Into Top 10 Crypto – Is a Price of $1 Possible in 2023?

Dogecoin Price Prediction as DOGE Climbs Into Top 10 Crypto – Is a Price of $1 Possible in 2023? The price of Dogecoin (DOGE) has dropped by 1% in the past 24 hours, with the meme token re-entering the top ten of cryptocurrencies by market cap prior to its loss today.At $0.058112, DOGE is down by 5% in a week and by 6% in a month, with the original meme coin also having fallen by 13% since the beginning of the year, in contrast to many other major tokens (e.g. BTC, ETH, XRP, SOL).However, the ov...

Blog • 12 October 2023, Thursday, 09:25

Today in Crypto: Trezor Launches New Wallet, Seed Phrase Store & Limited-edition Trezor Safe 3, COZ and AxLabs' ITEM Systems Focuses on Non-fungible Items (NFIs)

Today in Crypto: Trezor Launches New Wallet, Seed Phrase Store & Limited-edition Trezor Safe 3, COZ and AxLabs' ITEM Systems Focuses on Non-fungible Items (NFIs) Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Wallet newsCrypto hardware wallet company Trezor is launching two new products today: Trezor Safe (a new hardware wallet) and Trezor Keep Metal (a physical seed phrase store). T...

Blog • 12 October 2023, Thursday, 09:15

Billionaire Investor Paul Tudor Jones Backs Bitcoin and Gold Amid Market Challenges

Billionaire Investor Paul Tudor Jones Backs Bitcoin and Gold Amid Market Challenges Renowned investor Paul Tudor Jones has shared his bearish outlook on stocks while expressing optimism for gold and Bitcoin (BTC).In a recent interview with CNBC, Jones cited two main reasons for his cautious stance, including the potential escalation of the conflict between Israel and Hamas and subpar fiscal conditions in the United States. The investor discussed the factors he is monitoring regarding the Israel-...

Blog • 12 October 2023, Thursday, 08:50

Cardano Price Prediction as Machine Learning Anticipates Subtle Dip to $0.23 by October End – What's the Cause?

Cardano Price Prediction as Machine Learning Anticipates Subtle Dip to $0.23 by October End – What's the Cause? The Cardano price has declined by nearly 1% today, weakening to $0.245331 as the wider market experiences a 1.5% dip in the past 24 hours.ADA's current price means it has lost 5.5% in a week and 1.5% in a month, with the altcoin also down by a slight 0.5% since the beginning of the year.Such declines find Cardano in a weakened position, with the algorithms used by PricePredict...

Blog • 12 October 2023, Thursday, 08:20

XRP Price Prediction as XRP Dips -3.01% Today – Will it Keep Falling?

XRP Price Prediction as XRP Dips -3.01% Today – Will it Keep Falling? The XRP price has fallen by 2% in the past 24 hours, sinking to $0.479290 as the cryptocurrency market as a whole suffers a similar dip today.XRP is now down by 8.5% in the last seven days, yet it remains flat in the past month and up by 41% since the beginning of the year.It seems that the declines of the past few days have been caused by an increase in market-wide negativity, which has seen a number of whales dump some of th...

Blog • 12 October 2023, Thursday, 08:10

Best Telegram Crypto Casino TG.Casino Announces $TGC Integration And 25% Cashback Paid Out Weekly, Presale Surges Towards $800,000

Best Telegram Crypto Casino TG.Casino Announces $TGC Integration And 25% Cashback Paid Out Weekly, Presale Surges Towards $800,000 Thursday 12th of October – Up-and-coming Telegram crypto casino TG.Casino, has just announced that its $TGC token is now playable and fully integrated into TG.Casino – you can start wagering today.Furthermore, users betting with the token will receive a generous 25% cashback on all net losses, with refunds to be paid weekly.The TG.Casino presale has already been maki...

Blog • 12 October 2023, Thursday, 07:35

The McRib Meme: A Curious Connection to Bitcoin and Stocks

The McRib Meme: A Curious Connection to Bitcoin and Stocks Is there a connection between McRib, bitcoin, and stocks? Some (jokingly) argue there just may be.Some commenters have opined that the three may be correlated - but without having a causal relationship.Firstly, the popular McRib sandwich is scheduled for a comeback in November, and it will not be available nationwide. This announcement came just a year after McDonald's said goodbye (once more) to the famous pork meal. The fast-food g...

Blog • 12 October 2023, Thursday, 07:25

Is Tezos Going to Zero? XTZ Price Tumbles 4.8% as Fresh Meme Coin Nets $500,000 in Funding – Next 100x Coin?

Is Tezos Going to Zero? XTZ Price Tumbles 4.8% as Fresh Meme Coin Nets $500,000 in Funding – Next 100x Coin? As serious volatility rocks the Tezos chart, XTZ has tumbled -4.8%, leading some fearful bag-holders to ask 'is Tezos going to zero?'.The sudden downside move comes following dramatic movements in the XTZ chart, which over the last 48-hours have seen Tezos rank amongst the top gainers and top losers in the crypto market.And the volatility hasn't gone unnoticed, as Tezos contin...

Blog • 12 October 2023, Thursday, 06:50

Alameda Research Lost $200M to Several Phishing Attacks Due to “Poor Security Practices”: Ex-FTX Engineer

Alameda Research Lost $200M to Several Phishing Attacks Due to “Poor Security Practices”: Ex-FTX Engineer Former Alameda Research software engineer Aditya Baradwaj has exposed several security flaws that reportedly caused the FTX’s sister hedge fund at least a staggering $200 million.In a series of posts on X (Twitter), titled ‘The Hacks,’ the whistleblower revealed, “poor security practices at Alameda Research caused the company to lose hundreds of millions of dollars.”Baradwaj’s posts come at ...

Blog • 12 October 2023, Thursday, 06:20

Is It Too Late to Buy ApeCoin? APE Price Pumps 3% as New Telegram Crypto Casino Prepares for Grand Opening

Is It Too Late to Buy ApeCoin? APE Price Pumps 3% as New Telegram Crypto Casino Prepares for Grand Opening Amid 8-months of downside price action, the governance token for Bored Ape Yacht Club (BAYC) - ApeCoin (APE) - has pumped +3%, as price finds feet - traders are asking 'is it too late to buy ApeCoin'? The uptick in price action comes as ApeCoin bag-holders attempt to mount consolidation, following the recent loss of the 20DMA on October 3.Upside movements have been triggered by a sm...

Blog • 12 October 2023, Thursday, 05:45

DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened

DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here's What Happened Decentralized finance (DeFi) protocol Platypus Finance has fallen victim to a security breach resulting in the loss of over $2 million. In a recent blog post on X (formerly Twitter), security firm PeckShield noted that the Avalanche-based project has been exploited. Following the alert, Platypus Finance confirmed that there had been suspicious activities in the protocol, prompting the project to ta...

Blog • 12 October 2023, Thursday, 05:05

Discovering RubyDex: The Hidden Gem of Decentralized Exchanges

Discovering RubyDex: The Hidden Gem of Decentralized Exchanges Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.In the vast, ever-evolving world of cryptocurrencies and blockchain technology, decentralized exchanges (DEXs) have emerged as pivotal players. Bypassing the traditional centralized gatekeepers, DEXs have democratized access to crypto-assets, offering direct peer-to-peer trading. They've redefined the very essence of trading, ensuri...

Blog • 12 October 2023, Thursday, 04:50

Bitcoin Price Prediction: BTC Drops Almost 3% Following FOMC's Assertive Remarks; Awaits US CPI Insights

Bitcoin Price Prediction: BTC Drops Almost 3% Following FOMC's Assertive Remarks; Awaits US CPI Insights In the wake of the Federal Open Market Committee's (FOMC) recent assertive commentary, Bitcoin price experienced a near 3% dip. The central narrative hinged on the minutes from the Federal Reserve, wherein policymakers underscored the necessity for restrictive policy measures to persist for an extended period. Their consensus revolved around the essence of treading cautiously, even a...

Blog • 12 October 2023, Thursday, 03:55

Ethereum DeFi Protocol BarnBridge Faces SEC Action and Fines, Opens Token-Holder Voting

Ethereum DeFi Protocol BarnBridge Faces SEC Action and Fines, Opens Token-Holder Voting Decentralized finance (DeFi) lending project BarnBridge has announced a token-holder voting to tackle the legal charges that the project is facing from the US Securities and Exchange Commission (SEC), along with fines.BarnBridge confirmed in July that is it facing a probe from the US regulators and halted “all work” related to the project in order to “reduce potential further legal liability.” However, the fi...

Blog • 12 October 2023, Thursday, 03:25

Japanese Firms to Use Digital Currency for Clean Energy Certificate Settlements

Japanese Firms to Use Digital Currency for Clean Energy Certificate Settlements A consortium of Japanese firms is set to launch a yen-based digital currency, "DCJPY," by July 2024, that will be used in transaction and settlement of clean energy certificates.Cryptocurrency exchange DeCurret revealed the issuance of a new digital currency today that will be used by various Japan-based firms for clean energy transactions.GMO Aozora Net Bank will issue the digital currency, which will find applicati...

Blog • 12 October 2023, Thursday, 03:15

Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty

Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty On-chain social platform, Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker. In a post on X (formerly Twitter), the platform disclosed that 90% of user assets have been recovered while the hacker was offered a 10% bounty.The agreement means the company recovered 90% of 266,000 Avalanche (AVAX) tokens worth nearly $3 million while the hacker was ...

Blog • 12 October 2023, Thursday, 02:20

Hong Kong Retail Investors More Interested in Crypto Than Ever Before, Reveals SFC Survey

Hong Kong Retail Investors More Interested in Crypto Than Ever Before, Reveals SFC Survey Hong Kong's retail investors' interest in cryptocurrencies has recorded a significant surge this year, according to a recent survey by the Investor and Financial Education Council (IFEC), a subsidiary of the Securities and Futures Commission (SFC), Hong Kong’s securities regulator.The survey, conducted between June and July 2023, included responses from 1,000 individuals aged 18 to 69, revealing a s...

Blog • 12 October 2023, Thursday, 02:10

China’s Shenzhen Launches Digital Yuan Industrial Park

China’s Shenzhen Launches Digital Yuan Industrial Park A group of Chinese firms will move into a CBDC-themed “digital yuan industrial park.”Per the Shanghai Securities News and the Securities Times, the Southeastern city of Shenzhen held an “official launching ceremony” for its “first digital yuan industrial park” on the morning of October 11.The ceremony was held at Shenzhen’s new Luohu Digital Yuan Application Demonstration Center, where nine companies signed “moving-in” agreements.The group w...

Blog • 12 October 2023, Thursday, 01:00

Crypto Stolen From Indian Businessman Used by Hamas in Attacks on Israel

Crypto Stolen From Indian Businessman Used by Hamas in Attacks on Israel Nearly 4 crore INR ($480,000) crypto stolen from a businessman in Delhi, India has been traced back to crypto accounts linked to Hamas by Indian police.Indian authorities received input from Israeli intelligence agency Mossad regarding some suspect wallets that were being used by terror organizations for funding. The security agencies in India then discovered that a number of these suspect wallets, which had received stolen...

Blog • 12 October 2023, Thursday, 00:50

Bitcoin Hashrate to Drop by 20% After Next Halving Event: JPMorgan

Bitcoin Hashrate to Drop by 20% After Next Halving Event: JPMorgan JPMorgan has predicted a potential 20% drop in the Bitcoin (BTC) Network Hashrate following the next halving event scheduled for April 2024."We estimate as much as 80 EH/s (or 20% of the network hashrate) could be removed at the next halving (April '24) as less-efficient hardware is decommissioned," the report said. The Bitcoin halving occurs every four years and involves a halving of rewards for Bitcoin miners. The report al...

Blog • 11 October 2023, Wednesday, 21:15

Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC

Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.Per the Russian IT-focused media outlet CNews, the Central Bank has drafted a bill that, if passed, would allow foreign banks and credit institutions to make use of digital ruble wallets.If lawmakers vote in favor of the bill, it will come into ...

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