Mining Blog & Mining News

Blog • 07 October 2023, Saturday, 05:05

ProShares Launches Six Ether Futures ETFs, Expanding Crypto ETF Market

ProShares Launches Six Ether Futures ETFs, Expanding Crypto ETF Market Investment management firm ProShares Advisors has introduced six new futures products for Ether, marking the cryptocurrency's debut in the ETF market. The newly launched ETFs, released on Monday, offer investors exposure to Ether through futures contracts rather than direct investment in the cryptocurrency.Among the new ETFs, ProShares Advisors is behind three: Ether Strategy ETF (EETH), Bitcoin & Ether Equal Weight S...

Blog • 07 October 2023, Saturday, 05:00

XRP Price Prediction as Daily Trading Volume Rises Above $500 Million – Is a Rebound from Bearish Sentiment in Sight?

XRP Price Prediction as Daily Trading Volume Rises Above $500 Million – Is a Rebound from Bearish Sentiment in Sight? In the volatile world of cryptocurrency, Ripple's (XRP/USD) price stands out, with its daily trading volume now exceeding $500 million. Despite recent bearish sentiments, the surge has ignited speculation: Could XRP be on the brink of a rebound? Let's dive into the data and technical indicators to uncover the XRP price prediction.XRP Price UpdateRipple's XRP has been ...

Blog • 07 October 2023, Saturday, 04:20

Bitcoin Price Prediction as BTC Projected to Reach $28,435 by Mid-October – Is a 9% Surge on the Horizon?

Bitcoin Price Prediction as BTC Projected to Reach $28,435 by Mid-October – Is a 9% Surge on the Horizon? Bitcoin has been making waves in the cryptocurrency market recently, with speculations suggesting that the leading cryptocurrency might be on track to reach $28,435 by the middle of October. Recent forecasts posit that Bitcoin could touch a noteworthy value of $28,435 by mid-October, representing a prospective 9% uptick. This optimistic projection gains further credibility when viewed in con...

Blog • 07 October 2023, Saturday, 03:35

Hong Kong Looks to Curb Retail Stablecoin Trading Amid Crypto Adoption

Hong Kong Looks to Curb Retail Stablecoin Trading Amid Crypto Adoption Hong Kong is considering measures to restrict retail stablecoin trading for individual investors in response to the increasing adoption of cryptocurrencies, as stated by a local official. It is important to note that retail stablecoin trading is currently not permitted in Hong Kong.As reported by a local news agency, Ming Pao, on October 6, in a live interview on an investment committee program, Hui Ching-yu, the Secretary fo...

Blog • 06 October 2023, Friday, 19:45

JPMorgan Report: Ethereum's Centralization Increased Post Merge and Shanghai Upgrades

JPMorgan Report: Ethereum's Centralization Increased Post Merge and Shanghai Upgrades Ethereum's recent surge in ether (ETH) staking, spurred by the Merge and Shanghai upgrades, has raised concerns surrounding centralization and reduced overall staking yields, according to a Thursday report by JPMorgan.Despite decentralized alternatives like Lido's liquid staking platform, Ethereum's increasing centralization poses risks to the network's security and decentralization ethos.“...

Blog • 06 October 2023, Friday, 19:00

Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA

Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing, and the transfer of funds.According to a press release dated October 6, the FCA approval gives Komainu the authority to offer crypt...

Blog • 06 October 2023, Friday, 17:30

Taiwanese Lawmakers Target November for First Crypto Regulatory Draft Bill: Report

Taiwanese Lawmakers Target November for First Crypto Regulatory Draft Bill: Report Taiwan legislators are working towards presenting the country's first crypto regulatory bill in November 2023, according to an exclusive interview granted to the Block's Timmy Shen.Parliament member under the Yuan's arm, Yung-Chang Chiang, stressed the need for a special law to guide cryptocurrency trading and other activities in the country in the interview.He highlighted the inherent differences betw...

Blog • 06 October 2023, Friday, 17:20

Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol

Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. Culled from BlackRock's iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01. It represents a tokenized short-term US Treasury bond ETF, allowing investors to monitor the underlying asset's value without the need for direct expo...

Blog • 06 October 2023, Friday, 17:00

Bitcoin Price Prediction as BTC Bulls Eye $30,000 Resistance as Non-Farm Payroll Data is Released – A Comeback in Play?

Bitcoin Price Prediction as BTC Bulls Eye $30,000 Resistance as Non-Farm Payroll Data is Released – A Comeback in Play? In light of recent data showcasing a remarkable surge in US nonfarm payrolls, the cryptocurrency realm, particularly Bitcoin (BTC), seems to be set on a trajectory of its own. The employment figures for September 2023 have come in at a stellar 336K, easily surpassing the revised August count of 227K and leaving market predictions of 170K in the dust. This substantial increase, ...

Blog • 06 October 2023, Friday, 16:00

Biggest Crypto Gainers Today on DEXTools – UNV, SPEPE, HAMMER

Biggest Crypto Gainers Today on DEXTools – UNV, SPEPE, HAMMER Despite much hotter-than-expected US jobs numbers released earlier on Friday, Bitcoin (BTC) is having another go at pushing back above the $28,000 level and its 100 and 200DMAs.The world’s first and largest cryptocurrency by market capitalization initially fell following the data, but has since reversed around 3% higher versus its earlier session lows in the $27,100s as US yields and the US Dollar Index (DXY) pull back from recent hig...

Blog • 06 October 2023, Friday, 15:40

Elevate Your Trades with $LPX Tokens: Unlock VIP Access on Launchpad xyz

Elevate Your Trades with $LPX Tokens: Unlock VIP Access on Launchpad xyz Crypto startup and AI trading platform Launchpad XYZ has secured over $1.85 million through its ongoing crypto presale ahead of its anticipated platform launch in 2023. The company plans to offer a comprehensive range of services, from educational courses for crypto beginners to advanced trading tools and an NFT marketplace and a decentralized exchange.Visit Launchpad XYZ NowThe Scope of Launchpad XYZDescribing itself as an...

Blog • 06 October 2023, Friday, 15:30

Avalanche Price Prediction as AVAX Pumps Another 5.5% on SocialFi Hype and Rising On-Chain Activity

Avalanche Price Prediction as AVAX Pumps Another 5.5% on SocialFi Hype and Rising On-Chain Activity AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype.As per CoinGecko, AVAX is up close to 6% in the last 24 hours and 17% in the last seven days, making it the top-perf...

Blog • 06 October 2023, Friday, 14:55

Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On

Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data analytics firm FundStrat.In a new presentation, FundStrat noted that VC funding for crypto firms contracted for a sixth successive quarter to $1.4 billion in Q3 2023, while the number of individual deals dropped 30% to 214.That’s a near 90% decline from the more than $10 billion in VC f...

Blog • 06 October 2023, Friday, 14:35

$400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?

$400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally? As crypto markets remain relatively stagnant, attention is turning to the impact of a significant Bitcoin (BTC) options expiry event set to occur on October 6.Approximately 14,000 Bitcoin options contracts, with a total notional value of around $400 million, are set to expire that day, though this event is notably smaller than last week's expiry.The "max pain" point for these options contracts is $27,000, which is approxim...

Blog • 06 October 2023, Friday, 14:25

Identity Verification Crucial to Preventing Crypto Scams, says Concordium Founder

Identity Verification Crucial to Preventing Crypto Scams, says Concordium Founder Concordium founder Lars Seier Christensen believes identity verification is essential in preventing cryptocurrency scams. "To prevent scams, there has to be some level of identity verification, a means to verify that the parties involved in any given transactions are actually who they claim to be," Christensen said in a recent interview. Christensen's comments come as high-profile figures like Mark Cuban contin...

Blog • 06 October 2023, Friday, 14:15

Binance's Spot Market Share Dips to 34.3% – What's Behind the Decline?

Binance's Spot Market Share Dips to 34.3% – What's Behind the Decline? According to yesterday's report by cryptocurrency data provider CCData, Binance's spot market share has seen a notable decline, falling from 38.5% in August to 34.3% in September. This marks the seventh consecutive month of decreasing spot market share for the world's leading cryptocurrency exchange.The slump in Binance's market share isn't isolated to the spot market; the exchange has also lost ...

Blog • 06 October 2023, Friday, 14:05

Best Crypto to Buy Now October 6 – Avalanche, Rollbit Coin, Cardano

Best Crypto to Buy Now October 6 – Avalanche, Rollbit Coin, Cardano According to an October 6 report from The Daily Hodl, several cities and organizations in the United States are getting ready to initiate basic income pilot programs.These programs, which will distribute millions of dollars in unconditional cash handouts, have some speculating about a possible increase in cryptocurrency trading.In light of these upcoming guaranteed income trials, what is the best crypto to buy now?A 2020 study t...

Blog • 06 October 2023, Friday, 13:10

Bitcoin Price Whipsaws Following Blockbuster US Jobs Report - Here's Where BTC is Headed Next

Bitcoin Price Whipsaws Following Blockbuster US Jobs Report - Here's Where BTC is Headed Next Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has seen whipsaw price action since the release of a much stronger-than-expected US jobs report for September.The blockbuster report showed the US economy adding 336,000 jobs last month, nearly double the median economist forecast for a gain of 171,000.Those numbers underscored the ongoing strength of the US econo...

Blog • 06 October 2023, Friday, 13:00

Bitcoin (BTC) Surpasses $28K; Pepe (PEPE) Surges and InQubeta (QUBE) Reaches $3.4M in Presale

Bitcoin (BTC) Surpasses $28K; Pepe (PEPE) Surges and InQubeta (QUBE) Reaches $3.4M in Presale The crypto market is once again making headlines as Bitcoin ($BTC) gains momentum and surpasses the $28,000 mark. Notable tokens sharing this spotlight are Pepe ($PEPE) and InQueta ($QUBE). The former has experienced a significant surge in its value, while the latter, $QUBE, has raised an astounding $3.4 million in its ongoing presale campaign.This article will explore Bitcoin’s recent performance and t...

Blog • 06 October 2023, Friday, 12:55

Coinbase Authorized for Crypto Services in Singapore: Implications for Ethereum (ETH) and VC Spectra (SPCT)?

Coinbase Authorized for Crypto Services in Singapore: Implications for Ethereum (ETH) and VC Spectra (SPCT)? The Monetary Authority of Singapore authorized Coinbase to offer institutional and individual crypto payment services one year after receiving an in-principle approval. With 32% of Singaporeans owning crypto, the Coinbase license may boost the uptake and price of the best cryptocurrencies, such as Ethereum (ETH) and VC Spectra (SPCT).Will the Coinbase Singapore license revive the weak cry...

Blog • 06 October 2023, Friday, 12:45

Ripple in Preliminary Talks with Australian Freight & Trade Alliance for Future Partnership

Ripple in Preliminary Talks with Australian Freight & Trade Alliance for Future Partnership Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), disclosed the possibility of a future partnership with San Francisco-based fintech firm Ripple during an interview with TLG.The news comes at an opportune moment for Ripple, which has been looking to expand its global footprint, especially following a favorable outcome in its legal battle with the US Securities and Exchange Com...

Blog • 06 October 2023, Friday, 12:35

Only The Strong Hands Will Win: Ethereum and Bitcoin Spark Future Will Surprise You

Only The Strong Hands Will Win: Ethereum and Bitcoin Spark Future Will Surprise You Ethereum faces a lot of opportunities, and it also faces challenges as the future draws closer. Amid its dominance in the crypto landscape, Bitcoin Spark emerges as a potential contender, offering fresh innovations in blockchain technology. While Ethereum price prediction fluctuates, examining the changing dynamics of Ethereum and Bitcoin Spark is crucial.Ethereum's PathwayEthereum is the second largest crypt...

Blog • 06 October 2023, Friday, 11:10

Canada’s Regulators Clarify Interim Stablecoin Regulations Amid Market Concerns

Canada’s Regulators Clarify Interim Stablecoin Regulations Amid Market Concerns The Canadian Securities Administrators (CSA) has released interim terms and conditions to guide cryptocurrency exchanges and asset issuers on stablecoin investments following its previous decision.The umbrella regulatory body seeks to clarify the issues raised in its interim approach to “value-referenced crypto assets” popularly referred to as stablecoins.This year, the CSA reaffirmed its view that several stablecoin...

Blog • 06 October 2023, Friday, 11:00

Is It Too Late to Buy Toncoin? TON Price Blasts Up 5% and New Crypto Casino Project Secures $450,000 – How to Buy Early?

Is It Too Late to Buy Toncoin? TON Price Blasts Up 5% and New Crypto Casino Project Secures $450,000 – How to Buy Early? The Open Network's native Toncoin (TON) has bounced-up +5% after localised retracement from upper trendline resistance, but is it too late to buy Toncoin?Retracement has swept the Toncoin chart following rejection from upper trendline resistance - this comes following a dramatic upside pump triggered by the news that Telegram integrated TON wallet.TON holders are speculati...

Blog • 06 October 2023, Friday, 09:20

U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know

U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know The United States Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several cryptocurrency wallets associated with the illegal fentanyl trade. On Tuesday, the OFAC added a new set of crypto wallets to its specially designated nationals (SDN) list, targeting a drug trafficking network primarily centered in China.The wallets were used by six entities, including five individ...

Blog • 06 October 2023, Friday, 09:10

US CFTC Reportedly Considering Enforcement Action Against Former Voyager CEO

US CFTC Reportedly Considering Enforcement Action Against Former Voyager CEO U.S. regulators are currently considering taking enforcement action against Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager, Bloomberg reported citing sources familiar to the matter. The U.S. Commodity Futures Trading Commission's (CFTC) Enforcement Division has internally recommended charging Stephen Ehrlich following an investigation into Voyager's actions. Voyager resumed withdrawals in ...

Blog • 06 October 2023, Friday, 08:55

Is GALA Going to Zero? GALA Price Suddenly Drops 8% With $500 Million Volume as New Meme Coin Raises $300,000

Is GALA Going to Zero? GALA Price Suddenly Drops 8% With $500 Million Volume as New Meme Coin Raises $300,000 As leading Gamefi project Gala Games (GALA) continues to tumble in the fallout of a major legal dispute between co-founders Eric Schiermeyer and Wright Thurston - with the future of GALA at risk, bag-holders are asking 'is GALA going to zero'?This comes amid allegations of theft amounting to $130 million in Gala tokens and corporate mismanagement by Thurston, alongside his invest...

Blog • 06 October 2023, Friday, 08:45

EU’s Securities Regulator Publishes Consultation Paper Ahead of MiCA

EU’s Securities Regulator Publishes Consultation Paper Ahead of MiCA The European Union financial markets regulator, the European Securities and Markets Authority (ESMA) has released a second consultation paper on the Markets in Crypto Asset (MiCA) regulation.The document released on Oct. 5 calls for stakeholders' participation in various sectors of the crypto market toward a hitch-free implementation of MiCA in 2024.The body will consider all suggestions by market participants sent before ...

Blog • 06 October 2023, Friday, 08:35

Dogecoin Price Prediction as DOGE Attempts to Climb Above 50-day EMA – Can Momentum Be Regained?

Dogecoin Price Prediction as DOGE Attempts to Climb Above 50-day EMA – Can Momentum Be Regained? Dogecoin has remained largely flat in the past 24 hours, with its current price of $0.061189 representing a 1% drop in the past week.This means it remains below its 50-day exponential moving average (which stands at $0.0635), a sign that the meme token is struggling to regain momentum and is currently being oversold.This is confirmed by the fact that DOGE is also 4% down in the last 30 days and also ...

Blog • 06 October 2023, Friday, 07:40

XRP Price Prediction as XRP Seeks to Breach $0.55 Level – Is the Path to $1 by End of 2023 Clear?

XRP Price Prediction as XRP Seeks to Breach $0.55 Level – Is the Path to $1 by End of 2023 Clear? The XRP price has dipped by 0.5% in the past 24 hours, as cryptocurrency and financial markets continue to be undermined by rising bond yields and wider economic instability.XRP remains up by 2% in the past week, however, as well as by 4% in the last 30 days, following this week's good news that Judge Analisa Torres has denied the SEC's bid to appeal against her July ruling in the regulator&...

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