Mining Blog & Mining News

Blog • 08 December 2022, Thursday, 11:10

Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?

Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming? Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. In a Tuesday announcement, Tether announced that they are adding CNH₮, a stablecoin pegged to offshore Chinese yu...

Blog • 08 December 2022, Thursday, 10:40

South Korean Gaming Giant WeMade Loses Legal Struggle Against WEMIX Delisting

South Korean Gaming Giant WeMade Loses Legal Struggle Against WEMIX Delisting The South Korean gaming firm WeMade has lost its legal battle against the nation’s biggest crypto exchanges – who have decided to delist its wemix coin (WEMIX).WEMIX was issued with an “investment warning” in October by the Digital Asset Exchange Association (DAXA). The DAXA is a group that comprises the nation’s four largest exchanges, namely Upbit, Bithumb, Coinone, and Korbit.WeMade previously lodged a legal complai...

Blog • 08 December 2022, Thursday, 10:10

Silks Announces Partnership with NYRA and FOX Sports: Is This The Biggest NFT Project Ever?

Silks Announces Partnership with NYRA and FOX Sports: Is This The Biggest NFT Project Ever? Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.NFTs and the metaverse have been the talk of the town in 2022. Even with the crypto market experiencing a tremendous crash, investors see optimistic outcomes for this niche. It’s not surprising why they would, given that there is enormous potential for brands and ...

Blog • 08 December 2022, Thursday, 10:00

Oryen Network Brings Auto-Staking to DeFi, New Competition for Synthetix and Compound

Oryen Network Brings Auto-Staking to DeFi, New Competition for Synthetix and Compound Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The DeFi landscape shifts, and the introduction of next-gen staking technology powers this dramatic shift along with the exodus of funds from centralized exchanges bolstering liquidity across DeFi. Oryen Network represents cutting-edge staking technology and begins to compete with protocols like Synthetix and Comp...

Blog • 08 December 2022, Thursday, 06:20

Bitcoin Price and Ethereum Prediction; Celsius Customers to Get $44M in Crypto From Bankruptcy

Bitcoin Price and Ethereum Prediction; Celsius Customers to Get $44M in Crypto From Bankruptcy Bitcoin, the leading cryptocurrency, has failed to hold above the $16,900 support level, which has now become a major resistance. While Ethereum, the second-most valuable cryptocurrency, has also breached a major support level of $1,240, extended by an upward channel.Given this, BTC and ETH are likely to trade on the bearish side.Major cryptocurrencies traded unevenly early on December 8, as the global...

Blog • 08 December 2022, Thursday, 03:40

Crypto Investors Flock to This New Play-to-Earn Game Because of Its Unique Features

Crypto Investors Flock to This New Play-to-Earn Game Because of Its Unique Features Calvaria: Duels of Eternity is an upcoming play-to-earn NFT battle card game quickly gaining traction with crypto investors and interested gamers alike.In Calvaria, players compete against each other in tournaments using cards that represent different characters within an after-life-themed realm made up of three different factions. Each character has their own unique set of abilities and 3D character model that c...

Blog • 07 December 2022, Wednesday, 22:10

Whales Predict These 4 Presales Will Soar in Value, Should You Invest?

Whales Predict These 4 Presales Will Soar in Value, Should You Invest? As any investor who has been paying attention can tell you, the crypto market is in a bearish trend currently, and that's good news for investors looking to get into the game at a lower price point. However, there are other opportunities outside of just buying cryptocurrencies on exchanges. Presales offer an opportunity for investors to get into coins before they hit the market, offering steep discounts if one can find pr...

Blog • 07 December 2022, Wednesday, 20:40

A Look Inside Alameda – Sam Bankman-Fried’s Fallen Crypto Hedge Fund Investments Revealed Here

A Look Inside Alameda – Sam Bankman-Fried’s Fallen Crypto Hedge Fund Investments Revealed Here The venture capital arm of Sam Bankman-Fried’s crypto trading firm Alameda Research had illiquid investments worth more than $5.4bn spread across nearly 500 companies, newly published documents have revealed.The venture investments controlled by Bankman-Fried appears to have covered everything from metaverse gaming companies, to crypto mining, lending and wallet development, as well as unrelated indust...

Blog • 07 December 2022, Wednesday, 18:10

Best Crypto to Buy Today, 7 December – D2T, APE, IMPT, AXS, TARO, RIA

Best Crypto to Buy Today, 7 December – D2T, APE, IMPT, AXS, TARO, RIA The stock market continued its downward trend today so far and is on track for its fifth day straight of losses. Meanwhile, Bitcoin and other cryptocurrencies finally started following stocks down after mostly moving sideways this week.Even though cryptocurrency is still in a bear market, this may be a good time to start investing through dollar-cost averaging (DCA), buying coins regularly as the markets do whatever they might...

Blog • 07 December 2022, Wednesday, 17:50

IMPT ICO Raises Massive $15m With Only 4 Days to Go, Listing Price Set 10% Above Presale

IMPT ICO Raises Massive $15m With Only 4 Days to Go, Listing Price Set 10% Above Presale London, England, Wednesday 7th December 2022 – Breakout carbon-offsetting platform IMPT has announced the listing price of its IMPT token will be $0.0253, 10% above the final presale price.The news comes just five days before the fundraising for the project ends on 11th December. $15 million has been raised in barely two months, with $350k of that amount raised in the past 24 hours alone.In a message posted ...

Blog • 07 December 2022, Wednesday, 16:20

Former Federal Prosecutor: Sam Bankman-Fried Should Be ‘Very Concerned About Prison Time’

Former Federal Prosecutor: Sam Bankman-Fried Should Be ‘Very Concerned About Prison Time’ FTX founder and former CEO Sam Bankman-Fried should be “very concerned about prison time” after the collapse of his crypto empire, a former US federal prosecutor has said.Speaking in an interview with CNBC, Renato Mariotti, a former federal prosecutor and attorney who has represented clients in cases related to dealings in financial derivatives, made it clear that the FTX case to him looks like “a chargeabl...

Blog • 07 December 2022, Wednesday, 16:10

Today in Crypto: Noteworthy Announced 5 mBTC Note Sale, Fir Tree Sued Grayscale, Blockstream Rais(ing/ed) Funds

Today in Crypto: Noteworthy Announced 5 mBTC Note Sale, Fir Tree Sued Grayscale, Blockstream Rais(ing/ed) Funds Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._ Bitcoin newsNoteworthy, a designer of physical cryptonotes, announced the sale of its 5 millibit (mBTC) note, a small-denomination, fully fungible bitcoin banknote. According to a press release, this new bill equates to BTC 0.005, and ...

Blog • 07 December 2022, Wednesday, 15:30

Crypto Traders Call New Trading Platform a 'Game-Changer' in Wake of FTX Collapse – Presale Enters Final Stage

Crypto Traders Call New Trading Platform a 'Game-Changer' in Wake of FTX Collapse – Presale Enters Final Stage Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Crypto traders and investors are extremely excited by new trading protocol Dash 2 Trade after it was announced the project will launch much sooner than expected.In the wake of the FTX collapse, the Dash 2 Trade developers revealed they...

Blog • 07 December 2022, Wednesday, 15:20

Bitcoin Price Prediction – When Will the Next Bull Market Start?

Bitcoin Price Prediction – When Will the Next Bull Market Start? Bitcoin price prediction turned bearish on November 7, following the bearish breakout of a major support level of $16,900. The breach of the upward trendline has increased selling pressure on Bitcoin, potentially leading to a drop to $16,500.Let's take a quick look at the market's fundamentals.Bitcoin Mining Bill Fails In ParaguayThe Paraguayan legislature failed to pass legislation to regulate cryptocurrency mining in the ...

Blog • 07 December 2022, Wednesday, 14:50

Bulls & Apes Project Announces New Initiative to Tokenize 1000's of Communities

Bulls & Apes Project Announces New Initiative to Tokenize 1000's of Communities Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Southington, United States, 7th December, 2022, ChainwireBulls & Apes Project LLC (B.A.P.) introduces Community Tokenization, an industry-changing initiative.B.A.P., a web3 company with a vision to create a world of infinite opportunities, launched its inaugural ...

Blog • 07 December 2022, Wednesday, 14:30

CEO of LYOPAY Luiz Góes on the Cover of IB Magazine

CEO of LYOPAY Luiz Góes on the Cover of IB Magazine Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Who is the Brazilian entrepreneur Luiz GóesLuiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business consultancies. He graduated with a bachelor's degree in military science from Academia Militar das Agulh...

Blog • 07 December 2022, Wednesday, 14:10

North Korea Running ‘Trojan-infested Fake Crypto Exchange,’ Say Experts

North Korea Running ‘Trojan-infested Fake Crypto Exchange,’ Say Experts A security firm says North Korean hackers created a bogus crypto exchange that infects users’ internet-connected devices with malware – which allows them to access sensitive networks so they can steal cryptoassets.The claims were made by the security provider Volexity, and backed by the likes of Malwarebytes.In a blog post, Volexity claimed that the notorious Lazarus hacking group – thought to be based in Pyongyang – had mas...

Blog • 07 December 2022, Wednesday, 13:30

Cardano Price Forecast – Can ADA Overtake Dogecoin This Week?

Cardano Price Forecast – Can ADA Overtake Dogecoin This Week? The ADA bears are in control on Wednesday, with the cryptocurrency trading about 2.5% lower on the day near the $0.31 per token level, taking losses since Monday’s peak near $0.33 to around 6.0%. Price predictions have become less bullish this week. ADA, which is the token that powers the Cardano blockchain, is now only just over 5.0% above the annual lows it printed in November just under $0.30.Price Prediction – Can This Trend Chann...

Blog • 07 December 2022, Wednesday, 13:10

IMPT Price Prediction - 7 Days Before Exchange Listings for This $15 Million Crypto Presale

IMPT Price Prediction - 7 Days Before Exchange Listings for This $15 Million Crypto Presale Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.The IMPT presale has now raised close to $15 million, as early investors rush to buy the altcoin cheap before it lists on exchanges in seven days. The sale is due to end in just under five days, to be followed quickly by confirmed listings on Uniswap, LBANK Exchan...

Blog • 07 December 2022, Wednesday, 12:50

XRP Price Prediction as XRP Pumps 20% Off Recent Lows – Here’s Where Its Heading Next

XRP Price Prediction as XRP Pumps 20% Off Recent Lows – Here’s Where Its Heading Next XRP Bullish Momentum WanesXRP, the cryptocurrency that powers Ripple’s global payments system, was last trading lower by about 3.4% on the day on Wednesday, or by about 1.4% in the last 24 hours according to CoinMarketCap. Wednesday’s losses have seen XRP/USD slip back into the $0.37s and under the 21 and 200-Day Moving Averages (DMA) at $0.388 and $0.389 respectively. XRP is for now finding support at last wee...

Blog • 07 December 2022, Wednesday, 12:40

Crypto Security: iPhone and iPod Co-Creator Designs New Hardware Wallet for Ledger

Crypto Security: iPhone and iPod Co-Creator Designs New Hardware Wallet for Ledger Hardware cryptocurrency wallet developer Ledger has revealed that Tony Fadell, creator of Apple’s iPod, is the mastermind behind its new hardware wallet Ledger Stax.In a Tuesday blog post, the company announced that the iconic iPod and iPhone co-creator Tony Fadell is the inventor and mastermind behind their new hardware wallet Ledger Stax, which is designed by the LAYER studio, led by Benjamin Hubert. "Ledger Sta...

Blog • 07 December 2022, Wednesday, 12:00

Terra Luna Classic Price Prediction – Can LUNC Hit $1 Before 2023?

Terra Luna Classic Price Prediction – Can LUNC Hit $1 Before 2023? LUNC, the native cryptocurrency that powers the Luna Classic blockchain, was last changing hands near $0.00017 and was just above its 21-Day Moving Average at $0.0001675. Whilst the cryptocurrency is still trading about 14% higher versus its November lows under $0.00015, it has seen a sharp pullback since nearing $0.00019 earlier this month.Traders have attributed this downside to technical selling after LUNC hit a key area of re...

Blog • 07 December 2022, Wednesday, 11:40

Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law

Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law.The ruling was reached by a court in the city of Hangzhou, the capital of the Chinese province of Zhejiang, in a case that involved a contract dispute regarding an NFT collection sale, said the statement by the court published on Tuesday last week.The cour...

Blog • 07 December 2022, Wednesday, 11:30

Is It Too Late to Buy Bitcoin Before 2023? 5 Traders Give Their Predictions

Is It Too Late to Buy Bitcoin Before 2023? 5 Traders Give Their Predictions The bitcoin price has fallen by 1% in the past 24 hours, slightly below a drop of around 1.5% for the cryptocurrency market as a whole. Its current price of $16,806 represents a 2% increase in the past week and a 20% decline in the last 30 days, with the FTX collapse largely to blame for this depreciation.Despite the absence of significantly good news for bitcoin the past few weeks, a healthy number of traders, investors...

Blog • 07 December 2022, Wednesday, 10:40

Ukrainian Tailor’s Shop a Front for Illegal Crypto Mining Farm

Ukrainian Tailor’s Shop a Front for Illegal Crypto Mining Farm A tailor’s shop in Kovel, Ukraine, has been exposed as a front for an illegal crypto mining operation. Its masterminds connected their rigs to the local power grid – and stole electricity to power their efforts.The incident took place in Kovel, a city in the Volyn Oblast of northwestern Ukraine. The media outlet Kovel Media reported that during a police inspection of the shop conducted in December last year, officers discovered “an i...

Blog • 07 December 2022, Wednesday, 10:20

Developer of Popular MetaMask Wallet Reduces Customer Data Retention to 7 Days After Backlash From Community

Developer of Popular MetaMask Wallet Reduces Customer Data Retention to 7 Days After Backlash From Community ConsenSys, the developer of the popular crypto wallet MetaMask, has reduced the retention of MetaMask user data to 7 days following massive community backlash.In a November 6 blog post, the company announced its data retention update, reducing the amount of time it will keep user data such as wallet addresses and IP addresses to seven days. As reported, ConsenSys updated its privacy polic...

Blog • 07 December 2022, Wednesday, 09:50

IMPT ICO Raises Massive $14.74m With Only 4 Days to Go, Listing Price Set 8.7% Above Presale

IMPT ICO Raises Massive $14.74m With Only 4 Days to Go, Listing Price Set 8.7% Above Presale London, England, Wednesday 7th December 2022 – Breakout carbon-offsetting platform IMPT has announced the listing price of its IMPT token will be $0.0253, 8.7% above the final presale price.The news comes just five days before the fundraising for the project ends on 11th December. $14.74 million has been raised in barely two months, with $350k of that amount raised in the past 24 hours alone.In a message...

Blog • 07 December 2022, Wednesday, 09:20

Oryen Network Brings a Massive Layer Of Utility With New Staking Dapp, Will XRP And BNB Keep Up?

Oryen Network Brings a Massive Layer Of Utility With New Staking Dapp, Will XRP And BNB Keep Up? Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Utility in DeFi is one of the main aspects that attract investors to a project. Although many DeFi projects have been launched on several networks, some need more utility, making them less viable in the eyes of enterprising crypto investors. Fantom, XRP, and BNB are some projects that have lured a lot o...

Blog • 07 December 2022, Wednesday, 06:20

Bitcoin Price and Ethereum Halt Downtrend; Can BTC Rally to $17,500 Today?

Bitcoin Price and Ethereum Halt Downtrend; Can BTC Rally to $17,500 Today? Bitcoin, the leading cryptocurrency, finally found support near the $16,900 level on December 7, which is being extended by an upward trendline. The second-most valuable cryptocurrency, Ethereum, is also supported above $1,240, a level that is extended by a double-bottom pattern visible in the 2-hour timeframe.Major cryptocurrencies traded in a mixed bag early on December 7, with the global crypto market capitalization fa...

Blog • 06 December 2022, Tuesday, 20:10

USDC Issuer Circle Changes Mind on Going Public, CEO Reveals Q3 Earnings

USDC Issuer Circle Changes Mind on Going Public, CEO Reveals Q3 Earnings Circle, the US financial services firm behind the stablecoin USDC, has changed its mind about seeking a public listing in the near future, and now says it will stay focused on building “a long-term public company.”The plan to go public has since the beginning of this year been central for Circle, which was set to do so with the help of Concord Acquisition Corp, a publicly traded so-called special purpose acquisition company...

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