Mining Blog & Mining News

Blog • 06 October 2023, Friday, 07:20

Chimpzee Presale Enters the Final Phase – Last Chance to Buy the Trending Green Crypto Before Exchange Listings

Chimpzee Presale Enters the Final Phase – Last Chance to Buy the Trending Green Crypto Before Exchange Listings Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The trending presale of the green crypto project Chimpzee has entered the final phase. There will be four stages (13-16) in the final phase, featuring a gradual price increase. The presale presents the last opportunity for investors to grab the token for discounts and bonuses. For example...

Blog • 06 October 2023, Friday, 07:10

NiceHash Review 2023

NiceHash Review 2023 The booming crypto industry has given rise to many cloud mining platforms and hashpower marketplaces. However, few have what it takes to meet the needs of an average crypto buyer or blockchain novice. Thanks to its simplicity, reliability, and robust service offer, NiceHash falls within this small group.If you’re interested in what this platform has to offer, the following NiceHash review has all the answers. Read on to learn about NiceHash’s background, features, fees, user...

Blog • 06 October 2023, Friday, 07:00

Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges

Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges A recent report from blockchain surveillance firm Elliptic has uncovered that $7 billion in "illicit or high-risk funds" has been laundered through decentralized exchanges (DEXs), cross-chain bridges, and non-KYC exchanges.This staggering sum was already reached by July of this year, exceeding Elliptic's prediction from last year that such activities would amount to $6.5 billion by the end of 2023.The report highlig...

Blog • 06 October 2023, Friday, 06:55

Texas Securities Board Targets Fraud Crypto Project Touting Ties With Russian Government

Texas Securities Board Targets Fraud Crypto Project Touting Ties With Russian Government The Texas State Securities Board has stopped a decentralized lending pool from sales of securities, after the firm touted its ties with the Russian government.Travis J. Iles, the securities Commissioner of the Lone Star State, has written an emergency cease and desist notice to immediately stop services linked to BigWhale.io, a staking & lending decentralized finance (DeFi) protocol based on Binance Smar...

Blog • 06 October 2023, Friday, 06:05

Ethereum Price Prediction as ETH Faces Uphill Task in October 2023 – Can the $1,665 Threshold Be Breached?

Ethereum Price Prediction as ETH Faces Uphill Task in October 2023 – Can the $1,665 Threshold Be Breached? The Ethereum price has dipped by a very slight 0.2% in the past 24 hours, falling to $1,633 as the cryptocurrency market remains flat today.ETH has retreated slightly after another failed attempt to breach the $1,665 resistance level, with the altcoin down by 3% in the past week but up by 2.5% in the last 14 days.The token has also risen by 36.5% since the beginning of the year, and with th...

Blog • 06 October 2023, Friday, 06:00

As Blinky Token Goes Viral After 500% Surge, Crypto Experts Say This Lesser Known Crypto is Next to Pump – Here's Why

As Blinky Token Goes Viral After 500% Surge, Crypto Experts Say This Lesser Known Crypto is Next to Pump – Here's Why In the latest on-chain moon-shot Blinky Red Ghost (BLINKY), a meme coin reference to the classic Pac Man game, has exploded +500% in a dramatic skyrocket captivating DEX markets.Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Thing and шайлушай.The token appears to be driven by a dev ca...

Blog • 06 October 2023, Friday, 05:50

Wirex Unveils Zero-Knowledge Proof-Based Non-custodial Crypto Debit Card Service

Wirex Unveils Zero-Knowledge Proof-Based Non-custodial Crypto Debit Card Service Wirex, a global digital payment platform, has introduced W-Pay, an App Chain that leverages Zero-Knowledge (ZK) technology, which aims to facilitate seamless connections between decentralized applications (dapps), non-custodial wallets, and traditional payment infrastructures.Announced on October 3, Wirex's W-Pay, built on Polygon's Chain Development Kit (CDK), harnesses the power of Zero-Knowledge Proofs (Z...

Blog • 06 October 2023, Friday, 05:10

FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals

FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals FTX co-founder Gary Wang has testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud. Wang revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wa...

Blog • 06 October 2023, Friday, 04:45

Living Standards and Finance Education Drives Crypto Adoption Metric: Report

Living Standards and Finance Education Drives Crypto Adoption Metric: Report Nearly 50% of digital asset users view added financial liquidity as a major reason for investing in cryptocurrencies, a new survey shows.A new study conducted by cryptocurrency exchange, Bitget unveiled the regional dynamics of cryptocurrency investments, its impact on gender, and other social factors. The company surveyed 1,500 participants across 20 countries, among which nearly 50% expressed that their decision to in...

Blog • 06 October 2023, Friday, 04:35

Estonian Crypto Firms Engage in ‘Massive-Scale’ Fraud and Aid Russia Evade Sanctions: Report

Estonian Crypto Firms Engage in ‘Massive-Scale’ Fraud and Aid Russia Evade Sanctions: Report Estonia has been one of the early receivers of cryptocurrency licenses in the EU, but it did not save the Baltic nation from falling victim to ‘massive-scale’ crypto-related fraud and scams, an investigation report from international journalists revealed.A group of journalists reviewed close to 300 crypto firms registered in Estonia and discovered “dozens of crimes.” International crypto criminals have l...

Blog • 06 October 2023, Friday, 04:25

Japan's Largest Crypto Exchange Operator Monex Seals Deal with Telecoms Giant NTT Docomo

Japan's Largest Crypto Exchange Operator Monex Seals Deal with Telecoms Giant NTT Docomo Japanese mobile operator NTT Docomo said Wednesday that it formed a capital partnership with crypto exchange Monex to build new asset formation services for customers.The capital and business alliance agreement would let both parties establish an intermediate holding company on January 4, 2024.“It's really exciting to join hands with NTT Docomo, a ‘giant’,” says Oki Matsumoto, Monex Group chairman d...

Blog • 06 October 2023, Friday, 03:10

Bitcoin Price Prediction: BTC Up 2% Amid BitMEX CEO's $750K Prediction, El Salvador Mining & Blackrock ETF

Bitcoin Price Prediction: BTC Up 2% Amid BitMEX CEO's $750K Prediction, El Salvador Mining & Blackrock ETF As Bitcoin continues its journey in the global financial landscape, its trajectory seems increasingly intertwined with expert predictions, sustainability initiatives, and strategic approvals. As of Friday, Bitcoin's trading value is pegged at 27,578, marking a slight decrease of 0.38%. This, however, hasn't dimmed the optimistic outlook held by many in the crypto sphere. Th...

Blog • 06 October 2023, Friday, 02:15

South Korean Debt Collectors Coming for Crypto Holders

South Korean Debt Collectors Coming for Crypto Holders South Korean debt collectors are now seizing crypto in insolvency cases – and may soon be granted even more power to confiscate coins.Per Hanguk Kyungjae, the Korea Deposit Insurance Corporation (KDIC), a firm that operates under the Financial Services Commission (FSC), has begun “seizing cryptoassets for the first time” this year.The KDIC typically gets involved in public and private insolvency cases.It often intervenes when bankrupt indivi...

Blog • 06 October 2023, Friday, 02:00

Kraken Announces Acquisition of Coin Meester B.V. in Move Towards European Expansion

Kraken Announces Acquisition of Coin Meester B.V. in Move Towards European Expansion Kraken, a San Francisco-based cryptocurrency exchange, has announced its intention to acquire Coin Meester B.V. (BCM) in the Netherlands.On October 5, in a blog post, Kraken emphasized that the planned acquisition "highlights our commitment to growing our business in Europe" and underlined its intention to leverage its strong financial position and highly competitive product offering.Kraken CEO David Ripley said...

Blog • 06 October 2023, Friday, 01:40

Mastermind Behind India's $24 Million Crypto Fraud Flees Country

Mastermind Behind India's $24 Million Crypto Fraud Flees Country The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country.The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media. Subhash Sharma, the alleged architect of this massive crypto scam that affected thousands of investors across Himachal Pradesh and other nort...

Blog • 06 October 2023, Friday, 00:15

New BIS Plan Mandates Banks to Disclose Crypto Holdings

New BIS Plan Mandates Banks to Disclose Crypto Holdings The Basel Committee on Banking Supervision has unveiled a new plan that will require banks to disclose their cryptocurrency holdings. This development comes on the heels of a tumultuous year that witnessed the collapse of several major crypto firms as well as crypto-focused lenders Signature and Silicon Valley Bank.International regulators have pointed to the sudden surge in the popularity of cryptocurrencies as a contributing factor to the...

Blog • 05 October 2023, Thursday, 23:50

Trading Volume on Centralized Exchanges Reaches Lowest Level Since December 2022: Report

Trading Volume on Centralized Exchanges Reaches Lowest Level Since December 2022: Report Centralized exchanges witnessed a significant decline in trading volume in September, marking the third consecutive month of decreasing activity. According to a recent report by researcher CCData, the combined spot and derivatives trading volume on these exchanges dropped by 20.3% to reach $1.67 trillion. This figure represents the lowest monthly trading volume recorded since December 2022. The decline can b...

Blog • 05 October 2023, Thursday, 21:10

China Connects Digital Yuan to Hong Kong’s Fast Payment System

China Connects Digital Yuan to Hong Kong’s Fast Payment System China has taken another step forward in its digital yuan pilot – connecting its CBDC platform to Hong Kong’s Fast Payment System (FPS).The move will speed up cross-border digital yuan transactions and boost interoperability between the Mainland’s CBDC and international payment networks.The FPS is the brainchild of the Hong Kong Monetary Authority, the territory’s central bank and chief financial regulator.The authority uses the FPS a...

Blog • 05 October 2023, Thursday, 19:50

Trust Wallet Token Price Prediction as Team Teases Major Announcement – Where Next for TWT Price?

Trust Wallet Token Price Prediction as Team Teases Major Announcement – Where Next for TWT Price? $TWT, crypto wallet platform Trust Wallet’s native utility token, has seen a major bullish breakout in the past two sessions, with price predictions becoming increasingly bullish.The crypto token, which is issued on the Ethereum blockchain using the ERC-20 token standard, has pumped more than 20% over the past two days from under $0.80 per token to its current price in the $0.96s.Hype and speculatio...

Blog • 05 October 2023, Thursday, 19:20

KuCoin Faces $116M Crypto Outflow Challenge; Polygon and InQubeta Presale Leave VCs in Awe

KuCoin Faces $116M Crypto Outflow Challenge; Polygon and InQubeta Presale Leave VCs in Awe KuCoin ($KCS) has witnessed an alarming crypto outflow of more than $116 million as the platform's proof of reserve declined in value. This development has led to high market sentiment as investor confidence dwindles. Despite KuCoin's challenges, InQubeta's ($QUBE) presale and Polygon's ($MATIC) performance have left Venture Capital investors (VCs) in awe of their performance. Polygon is a ...

Blog • 05 October 2023, Thursday, 19:10

Advancing the Digital Assets Frontier | Synthesis Partners with ANSG to Catalyse Growth Beyond Speculation

Advancing the Digital Assets Frontier | Synthesis Partners with ANSG to Catalyse Growth Beyond Speculation Synthesis empowers creators of all backgrounds, offering education, cutting-edge tools, and innovative models to harness the potential of web3, AI, and XR. Their vision is to connect artists, creators, and technology, transforming the digital landscape.We're excited to announce, a strategic alliance between Synthesis and ANSG, a renowned name in Web3 marketing, we have found ourselves a...

Blog • 05 October 2023, Thursday, 18:55

SBF’s Multi-Million Dollar Jets Set for Forfeiture

SBF’s Multi-Million Dollar Jets Set for Forfeiture Embattled founder and CEO of defunct exchange FTX Sam Bankman-Fried (SBF) is on the cusp of suffering another series of major losses. According to a court document submitted to the Southern District of New York, his multi-million dollar private jets are on the verge of being forfeited.The two private jets in question are identified as a Bombardier Global 5000 BD-700-1A11 and an Embraer Legacy EMB-135BJ. The Bombardier Global carried a hefty pric...

Blog • 05 October 2023, Thursday, 18:35

Bitcoin Price Prediction as Ex-BlackRock Director Says BTC ETF is Coming in '3 to 6 Months' – Can Bitcoin Reach $100,000?

Bitcoin Price Prediction as Ex-BlackRock Director Says BTC ETF is Coming in '3 to 6 Months' – Can Bitcoin Reach $100,000? Bitcoin, the world's most valuable cryptocurrency, has seen a recent dip in trading value, currently resting at around $27,700, which is below its $28,000 threshold. However, this fluctuation in price may be due to the overall stability of traditional financial markets, which can be partly attributed to the slow growth rate of the US job market.Investors are eag...

Blog • 05 October 2023, Thursday, 18:20

Here's What Wall Street Doesn't Want You to Know About the New $4 Million AI Crypto Project – Next Big Thing?

Here's What Wall Street Doesn't Want You to Know About the New $4 Million AI Crypto Project – Next Big Thing? Wall Street is notorious for playing its cards close to its chest, especially when there's money to be made. One such example is when a few years ago, the rapid rise and subsequent adoption of electric vehicles caught many traditional investors off guard. While the public was enamored by the promise of a greener future and exciting new automotive designs, savvy investors ha...

Blog • 05 October 2023, Thursday, 18:10

Best Crypto to Buy Now October 5 – Aave, Trust Wallet, Mina Protocol

Best Crypto to Buy Now October 5 – Aave, Trust Wallet, Mina Protocol One of the biggest pieces of crypto news today involves multiple users on Friend.tech falling victim to SIM swap attacks, resulting in the theft of over $385,000 worth of Ethereum.According to an X post on October 5 by blockchain analyst ZachXBT, the hackers stole 234 ETH worth around $385,000 from four Friend.tech users in a 24-hour period on October 4.Following the news of these Ethereum SIM swap attacks, what is the best cry...

Blog • 05 October 2023, Thursday, 17:55

Burnt Announces Mainnet Launch With USDC Native Currency Support

Burnt Announces Mainnet Launch With USDC Native Currency Support Burnt, a layer-2 scaling solution backed by Animoca and Multicoin, has announced the launch of Xion, a layer-1 blockchain protocol. According to an October 5 tweet on X (formerly Twitter), Burnt noted that Xion is the first blockchain protocol to adopt the Circle-backed USDC stablecoin as its primary currency for transactions. With this stablecoin, users of the blockchain network can pay for gas fees. Xion is a blockchain protocol...

Blog • 05 October 2023, Thursday, 15:45

Biggest Crypto Gainers Today on DEXTools – BLINKY, SHIFU, BOLT

Biggest Crypto Gainers Today on DEXTools – BLINKY, SHIFU, BOLT After failing on its second attempt to break convincingly to the north of the $28,000 level this week, Bitcoin (BTC) has fallen just over 1% to trade back below the $27,500 mark.The 200DMA (at $28,000) continues to act as strong resistance, and traders are likely reluctant to push the price above this key long-term level ahead of Friday’s key US jobs data release.US yields are pulling back sharply from earlier weekly highs, though st...

Blog • 05 October 2023, Thursday, 15:35

Controversy Surrounds JPEX's Asset Lock-Up Program Amid DAO Transition

Controversy Surrounds JPEX's Asset Lock-Up Program Amid DAO Transition The troubled Hong Kong-based crypto exchange JPEX is embroiled in controversy over its recent asset lock-up plan as it seeks to transition into a decentralized autonomous organization (DAO).The exchange now plans to convert user assets into dividend shares, encouraging users to lock them up for two years, Cointelegraph reported on Thursday.Majority in favor of DAO planIn an announcement from Wednesday, JPEX claimed that ...

Blog • 05 October 2023, Thursday, 15:25

El Salvador Launches First Volcano-Powered Bitcoin Mining Pool - Here's What You Need to Know

El Salvador Launches First Volcano-Powered Bitcoin Mining Pool - Here's What You Need to Know On October 4, El Salvador announced the launch of Lava Pool, the country's first Bitcoin mining pool powered entirely by renewable geothermal energy. The venture represents an important milestone in El Salvador's efforts to integrate Bitcoin into its energy infrastructure.The Lava Pool project is a combined effort of the energy firm Volcano Energy and tech giant Luxor Technology. Together, ...

Blog • 05 October 2023, Thursday, 15:15

Leading Hardware Wallet Maker Ledger to Lay Off 12% of Work Force – When Will the Crypto Winter End?

Leading Hardware Wallet Maker Ledger to Lay Off 12% of Work Force – When Will the Crypto Winter End? Crypto hardware wallet maker Ledger is laying off 12% of its workforce, reported Bloomberg on Thursday.Ledger is the crypto industry’s leading maker of so-called hardware wallets – physical devices the provide the secure storage of an individual’s private keys, the password needed for them to gain access to the digital assets sitting in their crypto wallet address.According to the company’s Linke...

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