Mining Blog & Mining News

Blog • 11 October 2023, Wednesday, 19:05

Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments

Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation.The mediation process, set to commence in January next year, will be facilitated by a neutral third party and is intended to provide an opportunity for BlockFi and Three Arrow...

Blog • 11 October 2023, Wednesday, 19:00

Parsec Crypto Analytics Firm Raises $4 Million in Investment Round Led by Uniswap and Billionaire Novogratz’s Galaxy Digital

Parsec Crypto Analytics Firm Raises $4 Million in Investment Round Led by Uniswap and Billionaire Novogratz’s Galaxy Digital Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round. Sharing the news on X, the crypto-facing analytics platform revealed that the investment round was led by billionaire pro-crypto investor Mike Novogratz’s Galaxy Digital.Other key investors include the popular decentralized exchange (DEX) and automated market maker (AMM) Unis...

Blog • 11 October 2023, Wednesday, 17:55

Stellar Partners With Certora for Security Checks on Soroban Smart Contracts

Stellar Partners With Certora for Security Checks on Soroban Smart Contracts The Stellar Development Foundation (SDF) has announced its initiation of security checks for Soroban, the advanced smart contract platform within the Stellar network. This is in anticipation of Soroban's launch.To carry out these comprehensive security audits, SDF has teamed up with Certora, a renowned security firm known for its formal verification tools, according to an official press release.This collaboration un...

Blog • 11 October 2023, Wednesday, 16:40

Bitcoin Still Number One Due to Higher Futures Premium, K33 Research

Bitcoin Still Number One Due to Higher Futures Premium, K33 Research A research conducted by K33 shows that Bitcoin still retains its top position as the most appealing cryptocurrency due to its higher premiums in futures trading. Ether, the second most valuable crypto asset by market capitalization, is expected to play second fiddle once again due to the lower yields it would post in the derivatives market. The researchers believe that the innate potential of Bitcoin operating as digital gold a...

Blog • 11 October 2023, Wednesday, 16:10

EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy

EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption.In a report released on Oct 11, the 22-page document highlights the risks posed by a sector that holds much promise and reshaped finance in the region.According to the document, the DeFi has led to the innovation of financial products making payments e...

Blog • 11 October 2023, Wednesday, 15:55

Bitcoin Price Prediction as Lightning Network Growth Reaches 1,000% in Two Years – Adoption on the Rise?

Bitcoin Price Prediction as Lightning Network Growth Reaches 1,000% in Two Years – Adoption on the Rise? As the digital gold rush continues, Bitcoin remains at the forefront of the crypto landscape. Despite a recent hiccup where it struggled to breach the $28,000 threshold, dropping to $27,100 on Wednesday, enthusiasts remain optimistic. The entire cryptocurrency market cap stands at a staggering $1.05 trillion, though it witnessed a dip of 1.50% in the past day. Currently priced at $27,100, Bit...

Blog • 11 October 2023, Wednesday, 15:25

Crypto Experts are Stacking This Low Cap Gem Before it Lists on Exchanges – Here's How to Buy Early

Crypto Experts are Stacking This Low Cap Gem Before it Lists on Exchanges – Here's How to Buy Early Crypto startup Launchpad XYZ has successfully raised more than $1.88 million in its ongoing crypto presale, setting the stage for its much-awaited platform debut later in 2023. The platform will serve as a multifaceted web3 ecosystem, offering services that range from educational resources for newcomers to sophisticated trading tools for experienced traders.Visit Launchpad XYZ HereThe Diverse...

Blog • 11 October 2023, Wednesday, 15:15

Speculation vs. Utility: Cryptocurrency's Identity Crisis

Speculation vs. Utility: Cryptocurrency's Identity Crisis The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu.The reason for this new identity crisis in crypto, according to Sindreu, is that the sector has largely turned into a speculative bet on their own success, rather than delivering on being an alternative to traditional finance like it was meant to.In the commentary piece, Sindreu said that m...

Blog • 11 October 2023, Wednesday, 14:40

Brazilian Congressional Committee Recommends Indictment of Binance CEO and Three Other Executives

Brazilian Congressional Committee Recommends Indictment of Binance CEO and Three Other Executives A Brazilian congressional committee has recommended the indictment of four Binance senior executives, including the company's CEO and founder Changpeng Zhao.The committee, which had been investigating crypto-related Ponzi schemes in Brazil, has the authority to make suggestions, while the ultimate decision to proceed with indictments rests with Brazilian police, according to a report by Bloomber...

Blog • 11 October 2023, Wednesday, 14:30

Newly undisclosed email from Satoshi Nakamoto reveals the genesis of Bitcoin

Newly undisclosed email from Satoshi Nakamoto reveals the genesis of Bitcoin New insights into the creation of Bitcoin and Satoshi Nakamoto's identity have emerged through an undisclosed email from August 22, 2008, directed to computer scientist Wei Dai. This email sheds light on the early stages of Bitcoin's development and its intellectual foundations.It was also revealed that Adam Back, known for Hashcash, played a crucial role in connecting Nakamoto with Dai due to the parallels betw...

Blog • 11 October 2023, Wednesday, 14:20

A Saudi Prince, Chinese Government Officials, and Thai Prostitutes: Former Alameda Research CEO’s Damning Testimony Continues against Sam Bankman-Fried

A Saudi Prince, Chinese Government Officials, and Thai Prostitutes: Former Alameda Research CEO’s Damning Testimony Continues against Sam Bankman-Fried Caroline Ellison, former Alameda Research CEO and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, stunned the jury today in Manhattan Federal Court when she revealed startling claims involving Alameda Research’s ties to international government officials.Taking the stand for the first time yesterday, Ellison admitted to falsifying a num...

Blog • 11 October 2023, Wednesday, 14:10

“Mr Bitcoin Is About to Go Down Big” Claims CNBC’s Jim Cramer – Does That Mean the Bottom Is In?

“Mr Bitcoin Is About to Go Down Big” Claims CNBC’s Jim Cramer – Does That Mean the Bottom Is In? In a characteristic rant on CNBC’s Squawk on the Street show on Tuesday, famous financial pundit Jim Cramer proclaimed that he can’t be invested in Bitcoin (BTC) “Mr Bitcoin is about to go down big”.Its unclear where this was a reference to the Bitcoin price itself, or a reference to disgraced ex-FTX CEO Sam Bankman-Friend, who is currently in trail over the alleged financial crimes he committed duri...

Blog • 11 October 2023, Wednesday, 14:00

Glassnode Co-Founder Weighs In: No Major Bitcoin Drop Expected; Investors Bet Big on This AI Crypto Presale

Glassnode Co-Founder Weighs In: No Major Bitcoin Drop Expected; Investors Bet Big on This AI Crypto Presale In the crypto world, where expert opinions carry weight, Glassnode co-founder Yann Allemann weighs in on the debate regarding Bitcoin’s ($BTC) price outlook. According to him, a major drop in the value of Bitcoin is unlikely. In other news, a notable development in the crypto scene is the growing buzz around an emerging token and its ongoing presale, InQubeta. This token, lying at the inte...

Blog • 11 October 2023, Wednesday, 13:45

Best Crypto to Buy Now October 11 – Render, Rollbit Coin, eCash

Best Crypto to Buy Now October 11 – Render, Rollbit Coin, eCash JPMorgan successfully executed its first live blockchain transaction today involving tokenized shares, heralding a new era for collateral management.The banking giant facilitated the transfer of tokenized BlackRock money market fund shares to Barclays as collateral for a derivatives contract.As institutional adoption of blockchain technology accelerates, what is the best crypto to buy now?The transaction demonstrated the immense pot...

Blog • 11 October 2023, Wednesday, 13:35

Ethereum Price Prediction as Standard Chartered Forecasts $8K Price By 2026 – Will Ether (ETH) Break Below This Key Support Level?

Ethereum Price Prediction as Standard Chartered Forecasts $8K Price By 2026 – Will Ether (ETH) Break Below This Key Support Level? Ether (ETH) is back to trading flat in the $1,550 area after seeing a sharp reversal lower from earlier session highs in the $1,630s.The cryptocurrency’s sudden intra-day reversal comes after ETH/USD found strong resistance at its 21 and 50DMAs, though Ether is for now finding support above key long-term support around $1,550.A bullish research report from Standard C...

Blog • 11 October 2023, Wednesday, 13:15

New Fidelity Digital Assets Report Advocates Bitcoin Over Gold for Portfolio Diversification

New Fidelity Digital Assets Report Advocates Bitcoin Over Gold for Portfolio Diversification Fidelity Digital Assets brought new light to the subject of cryptocurrency investments in its September 2023 study, focusing particularly on Bitcoin. Authored by Chris Kuiper, Director of Research, and Jack Neureuter, Research Analyst, the report meticulously dissects why Bitcoin should be considered as a standalone asset class, separate from other digital assets.Bitcoin's Unique Role in Asset Divers...

Blog • 11 October 2023, Wednesday, 13:05

Pepe Price Drops Another 5% While Latest Hot Meme Coin Meme Kombat Blasts Past $450,000

Pepe Price Drops Another 5% While Latest Hot Meme Coin Meme Kombat Blasts Past $450,000 Wednesday, October 11th, 2023 – Pepe’s price has dropped another 5% while the latest hot meme coin, Meme Kombat, raises $453,000 as investors buy into its gaming vision of battling meme characters.The struggles of Pepe to stay relevant continue, even though it is still the third-largest meme coin by market capitalization. However, for meme coin degens on the prowl for 10x or 100x opportunities, there are far ...

Blog • 11 October 2023, Wednesday, 13:00

Biggest Crypto Gainers Today on DEXTools – Godzilla, AOKIJI, DEE

Biggest Crypto Gainers Today on DEXTools – Godzilla, AOKIJI, DEE Blue chip cryptocurrency prices are lower across the board on Wednesday in wake of the latest US Producer Price Index (PPI) inflation numbers, which came in hotter than expected.Bitcoin (BTC) was down close to 2.5% on the day and back in the mid-$26,000s, its lowest level of the month so far, having also broken out of its short-term uptrend that had been in play since mid-September.Ether (ETH) was nursing smaller losses and trading...

Blog • 11 October 2023, Wednesday, 12:20

Malaysian Crypto Firm Hata Receives Green Light From Malaysian Regulators to Run 'Digital Asset Exchange' – Adoption on the Rise?

Malaysian Crypto Firm Hata Receives Green Light From Malaysian Regulators to Run 'Digital Asset Exchange' – Adoption on the Rise? The Malaysian financial regulator – Securities Commission Malaysia (SC) – has granted in-principal approval to cryptocurrency exchange and digital broker Hata.The approval marks Hata as a Recognized Market Operator (RMO) and the 5th regulated digital asset exchange (DAX) in the country, operating alongside existing players such as Luno.Per an announcement Tu...

Blog • 11 October 2023, Wednesday, 12:10

Crypto Prices Down But Bitcoin Minetrix Smashes $1,000,000 as ICO Cheapest Price Sellout Looms

Crypto Prices Down But Bitcoin Minetrix Smashes $1,000,000 as ICO Cheapest Price Sellout Looms Wednesday, October 11th, 2023 – Innovative stake-to-mine Bitcoin cloud-mining project Bitcoin Minetrix ($BTCMTX) has raised more than $1,000,000 from contributors in a little over a week.Cloud mining of Bitcoin is an increasingly attractive product offering, but fraud is rampant. Unsuspecting customers often hand over cash for a mining income that never materializes.Bitcoin Minetrix attacks this proble...

Blog • 11 October 2023, Wednesday, 12:00

JPMorgan Chase Conducts First Blockchain-Based Collateral Settlement with BlackRock and Barclays

JPMorgan Chase Conducts First Blockchain-Based Collateral Settlement with BlackRock and Barclays The blockchain-based collateral settlement application of JPMorgan Chase & Co., a global banking giant, the Tokenized Collateral Network (TCN), is now live, having completed its inaugural transaction involving two significant clients: BlackRock and Barclays. According to Bloomberg, the TCN allowed BlackRock to seamlessly convert shares from one of its money market funds into digital tokens. These...

Blog • 11 October 2023, Wednesday, 11:55

Wall Street Memes Launches Epic Community Short Squeeze on Completion of $1M Buyback

Wall Street Memes Launches Epic Community Short Squeeze on Completion of $1M Buyback Wednesday, October 11th, 2023 – New top meme coin Wall Street Meme’s has completed a one million $WSM buyback, pushing the price up 32% to $0.048 as it launches a community ‘short squeeze’ campaign reminiscent of the GameStop meme stocks phenomenon.A short squeeze is when those betting the price of an asset will fall find themselves on the wrong end of a buying surge that forces successive short positions to be ...

Blog • 11 October 2023, Wednesday, 11:25

CoinMarketCap Launches ChatGPT Plugin to Simplify Crypto Analysis

CoinMarketCap Launches ChatGPT Plugin to Simplify Crypto Analysis CoinMarketCap, the well-known cryptocurrency data platform, introduced a ChatGPT plugin on Tuesday, offering users a streamlined way to access complex crypto market analysis. The new feature leverages the capabilities of ChatGPT to offer real-time data and insights, adding a new tool to the toolbox of how we understand crypto analytics.The initiative seeks to make crypto analysis more accessible and user-friendly by integrating AI...

Blog • 11 October 2023, Wednesday, 11:15

Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite for Sleep Tech Company

Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite for Sleep Tech Company Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Adoption newsThe new Monopoly edition will showcase crypto. Per the press release, World of Women (WoW) and WS Game Company announced never-before-seen elements of Monopoly, with the new decentralized econom...

Blog • 11 October 2023, Wednesday, 11:00

What is Void 2122?

What is Void 2122? Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.In the ever-evolving landscape of Web 3 gaming, a revolution was brewing. In February 2022, the founders of Void 2122 came together, driven by both frustration and a bold vision for the future of interactive entertainment. The team saw an industry marred by overly ambitious projects, lengthy development cycles, and a disconnection from the essence of fun. Existing games seemed mo...

Blog • 11 October 2023, Wednesday, 09:55

From Paradise to Courtroom: Sam Bankman-Fried's $35 Million Bahamas Property

From Paradise to Courtroom: Sam Bankman-Fried's $35 Million Bahamas Property Prior to his crypto empire’s collapse eleven months ago, disgraced FTX boss Sam Bankman-Fried (SBF) lived on a lavish Bahamas property alongside nine close friends, accomplices, and fellow executives.Some of those executives included FTX co-founder Gary Wang and SBF’s ex-girlfriend, Caroline Ellison, who he appointed to lead FTX’s sister hedge fund Alameda Research. Today those same two executives testify against ...

Blog • 11 October 2023, Wednesday, 09:45

Rebuilding Reputation: Crypto Industry Seeks Legal and Compliance Experts

Rebuilding Reputation: Crypto Industry Seeks Legal and Compliance Experts The cryptocurrency industry has been grappling with major challenges, including the collapse of FTX, fraud allegations, and the fall of some other high-profile companies. This has created a need for legal and compliance professionals in the crypto sector, particularly due to the growing regulatory scrutiny and the industry's tarnished reputation.In fact, hiring experts in compliance has become a daunting task for cryp...

Blog • 11 October 2023, Wednesday, 09:35

Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback

Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback In response to the recent regulatory challenges faced by Bitfinex, iFinex Inc., the Hong Kong-based parent company, is set to repurchase shares worth $150 million from its shareholders, constituting approximately 9% of the company's total outstanding capital. This move, reported by Bloomberg on October 10, aims to provide iFinex with greater control over its private dealings and streamline its ownership structure.On September...

Blog • 11 October 2023, Wednesday, 09:00

Crypto Exchange Woo Plans to Repurchase Own Shares Acquired by 3AC – Report

Crypto Exchange Woo Plans to Repurchase Own Shares Acquired by 3AC – Report Crypto exchange WOO has successfully recouped shares and tokens acquired by the failed hedge fund Three Arrows Capital (3AC), the exchange confirmed on Oct. 6.3AC was apparently the largest investor in WOO’s Series A funding round raised back in November 2021. WOO has also agreed to cancel the shares of the now-defunct hedge fund, increasing the ownership of all other shareholders.The settlement involves 20M tokens repur...

Blog • 11 October 2023, Wednesday, 08:50

E-naira Not A Threat - Nigeria’s Central Bank Replies to Critics, Highlights Use Cases

E-naira Not A Threat - Nigeria’s Central Bank Replies to Critics, Highlights Use Cases The e-naira continues to generate controversy on its adoption rate, use cases, and more recently, claims by some observers on the threat it poses to the economy.The Central Bank of Nigeria (CBN) has publicly backed its digital currency the e-naira which it released to rival the growing popularity of private cryptocurrencies like Bitcoin (BTC). In an Oct 9 press release, the nation’s top banking regulator state...

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