Mining Blog & Mining News

Blog • 05 October 2023, Thursday, 07:50

Singapore Police Officially Confirm “36-Year-Old Man” Arrested Connected to Crypto Hedge Fund 3AC

Singapore Police Officially Confirm “36-Year-Old Man” Arrested Connected to Crypto Hedge Fund 3AC Cryptonews reported last week that Su Zhu, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been arrested in Singapore. The local police have officially confirmed the arrest, responding to a Reuters query on Thursday.Singapore Police said in a statement to Reuters that a “36-year-old man” was arrested on September 29 at the Changi Airport in connection with the 3AC, which...

Blog • 05 October 2023, Thursday, 07:40

Cardano Price Prediction as ADA Becomes Top 10 Coin in the World – Can ADA Reach $100?

Cardano Price Prediction as ADA Becomes Top 10 Coin in the World – Can ADA Reach $100? The Cardano price has increased by 1% in the past 24 hours, reaching $0.260110 as the wider cryptocurrency market barely moves today.ADA's rise means that it has become the ninth-biggest coin in the market in terms of capitalization, with the altcoin also up by 6% in a week and by 1% in the last 30 days.The cryptocurrency has also risen by 5.5% since the beginning of the year, and with the market showing s...

Blog • 05 October 2023, Thursday, 07:30

Is Arbitrum Going to Zero? ARB Price Sells Off as This Low Cap Gem Secures $300,000 in Funding

Is Arbitrum Going to Zero? ARB Price Sells Off as This Low Cap Gem Secures $300,000 in Funding Leading Ethereum layer-2 scaling solution Arbitrum (ARB) is continuing a bleak downside slide following rejection from the upper trendline - leaving some dejected bag-holders asking 'Is Arbitrum Going to Zero?'.This comes following the formal end of the Arbitrum airdrop claim, which saw a whopping 69.4 million unclaimed (accounting for 0.69% of ARB’s total supply of 10 billion tokens).The uncla...

Blog • 05 October 2023, Thursday, 06:35

Starbucks Celebrates 20 Years of Pumpkin Spice Latte with NFT Collectibles

Starbucks Celebrates 20 Years of Pumpkin Spice Latte with NFT Collectibles Autumn is on its way, and for many coffee drinkers, 'tis the Pumpkin Spice Latte season. Starbucks' popular beverage is turning 20, and to celebrate the occasion, the American coffee shop chain announced special non-fungible token (NFT) collectibles. Starbucks Odyssey, the coffee giant's Web3 rewards and loyalty platform, will today release Pumpkin Spice Latte digital stamps, exclusively for its members. Nonme...

Blog • 05 October 2023, Thursday, 06:05

Is It Too Late to Buy Avalanche? AVAX Price Rockets Up 18% as FriendTech Rival Takes Off and New Bitcoin Project Raises $500,000

Is It Too Late to Buy Avalanche? AVAX Price Rockets Up 18% as FriendTech Rival Takes Off and New Bitcoin Project Raises $500,000 As SocialFi takes crypto markets by storm, Avalanche (AVAX) has joined the race - with the launch of FriendTech rival Star Arena, fuelling a dramatic +18% price surge.The initial launch of Star Arena has been incredibly well-received, with the platform undertaking an impressive +3,600% rise in total-value locked.The influx of capital racing into the new platform has bo...

Blog • 05 October 2023, Thursday, 05:30

Blockchain Adoption: Hong Kong Exchange Launches New Settlement Platform to Connect with Users in China

Blockchain Adoption: Hong Kong Exchange Launches New Settlement Platform to Connect with Users in China Hong Kong Exchanges and Clearing Limited (HKEX), which operates a range of equity, commodity, fixed income, and currency markets, has unveiled an equities settlement acceleration platform called "Synapse." The newly launched platform will leverage smart contracts programmed in DAML to streamline post-trade processes and improve operational efficiencies, according to a Wednesday press release. ...

Blog • 05 October 2023, Thursday, 05:10

Marathon Digital Boosts Production Capacity By 20%, Mines 1,242 BTC in September

Marathon Digital Boosts Production Capacity By 20%, Mines 1,242 BTC in September Bitcoin miner, Marathon Digital (MARA) increased its monthly production hash rate by 20%, recording an uptick in share prices amid an uncertain crypto market.In its September Production Update, the miner produced 1,242 Bitcoin (BTC) marking a 16% growth from August and a 245% increase in the last 12 months.The company’s total BTC holdings now stand at 13,726, a 29% increase from last year’s 10,670 BTC and a 3% in gr...

Blog • 05 October 2023, Thursday, 04:15

HKEX Unveils 'Synapse' Platform Using Smart Contracts for Enhanced Equities Settlement

HKEX Unveils 'Synapse' Platform Using Smart Contracts for Enhanced Equities Settlement On Wednesday, October 4, Hong Kong Exchanges and Clearing Limited (HKEX) introduced an upgraded version of its Stock Connect program called "Synapse."Synapse leverages smart contracts written in the DAML programming language to automate post-trade workflows and mitigate settlement risks, thereby enhancing operational efficiency in the equities settlement market.This new system is set to be deployed a...

Blog • 05 October 2023, Thursday, 04:05

Scammer Makes Off Around $400K in 24 Hours by Targeting Friend.tech Users Through SIM Swapping Scams

Scammer Makes Off Around $400K in 24 Hours by Targeting Friend.tech Users Through SIM Swapping Scams A hacker has stolen approximately $385,000 worth of digital assets in the past 24 hours by performing SIM-swapping attacks on friend.tech users. In a recent post on X (formerly Twitter), blockchain sleuth ZachXBT revealed the scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different friend.tech users.Following the incident, X user @sumfattytuna revealed that they were one...

Blog • 05 October 2023, Thursday, 04:00

Cryptoasset Ecosystem Booms in Latin America and Caribbean: Study

Cryptoasset Ecosystem Booms in Latin America and Caribbean: Study The Inter-American Development Bank (IDB) and the Cambridge Centre for Alternative Finance (CCAF) have jointly released a report that provides growing trends in the cryptocurrency industry in Latin America and the Caribbean.Latin America and the Caribbean have shown “substantial growth” in the sector, the study notes, adding that crypto-related business operators in the region have doubled since 2016.The study surveyed 52 private ...

Blog • 05 October 2023, Thursday, 03:50

Polygon Co-Founder Jaynti Kanani Steps Down After Six Years

Polygon Co-Founder Jaynti Kanani Steps Down After Six Years Jaynti Kanani, the co-founder of Ethereum layer 2 solution Polygon, has revealed that he is taking a step back "from the day-to-day grind" in the project after dedicating six years to its development and growth.In an Oct. 4 X post, Kanani said he "decided to step back" about six months ago and that he would be "focusing on new adventures while still cheering and contributing to Polygon from the sidelines."Jaynti Kanani, along with a tea...

Blog • 05 October 2023, Thursday, 03:20

Bitcoin Price Prediction: Marathon's Record, Kraken Deposits, Uzbekistan Regulations

Bitcoin Price Prediction: Marathon's Record, Kraken Deposits, Uzbekistan Regulations Bitcoin continues to trade at $27,698 with a nearly 1% increase. Marathon Digital Holdings boosted its Bitcoin production by 16% monthly and Kraken experienced its highest Bitcoin deposit activity in half a decade due to surging prices and growing ETF confidence. Uzbekistan has implemented strict guidelines allowing only legal entities to engage in Bitcoin mining. These developments could impact Bitcoin'...

Blog • 05 October 2023, Thursday, 02:40

South Australian Police Seizes $1.5M in Crypto From Man Charged With Drug Trafficking

South Australian Police Seizes $1.5M in Crypto From Man Charged With Drug Trafficking South Australian police have apprehended a 25-year-old man from Adelaide Hills on charges of drug trafficking and money laundering, with approximately $1.5 million worth of crypto seized during the operation.The accused individual operated multiple vendor profiles on the dark web, selling various drugs, according to a Thursday report by the Australian Broadcasting Corporation.One of the drugs seized during the ...

Blog • 05 October 2023, Thursday, 02:30

Web3 Gaming Platform Immutable Gears Up for zkEVM Mainnet Launch Early Next Year

Web3 Gaming Platform Immutable Gears Up for zkEVM Mainnet Launch Early Next Year Web3 gaming platform Immutable has unveiled its highly-anticipated mainnet launch roadmap for Immutable zkEVM, marking a significant step towards becoming the go-to platform for gaming on the Ethereum network. The gaming platform aims to enhance the player experience, revenue engine, and developer experience, with zkEVM mainnet launch early next year. The recent launch of the Immutable zkEVM Testnet has attracted a ...

Blog • 05 October 2023, Thursday, 02:10

South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date

South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024.Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) – for the next stage of its CBDC development.The BOK said that the “real-world” pilot would...

Blog • 05 October 2023, Thursday, 01:15

Crypto Fest 2023 Sparks Global Conversations on Blockchain and Cryptocurrency

Crypto Fest 2023 Sparks Global Conversations on Blockchain and Cryptocurrency Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Cape Town, South Africa, October 2023 – Bitcoin Events proudly announces Crypto Fest 2023, the 5th annual gathering of cryptocurrency and blockchain enthusiasts.This year’s celebration of all things Web3 comes to you with Binance, the world’s largest crypto exchange, as the ‘Title Sponsor’. The event will be hosted at Cab...

Blog • 05 October 2023, Thursday, 01:00

Hong Kong Crypto Exchange JPEX Launches DAO Stakeholder Dividend Plan Amid Scandal and Arrests

Hong Kong Crypto Exchange JPEX Launches DAO Stakeholder Dividend Plan Amid Scandal and Arrests Hong Kong's troubled crypto exchange JPEX has announced plans to move forward with its DAO Stakeholder Dividend Plan. This decision comes amid the ongoing investigation into the financial scandal worth over HK$1.5 billion ($191 million) and the arrest of multiple suspects associated with the platform.The unfolding scandal first came to light when Hong Kong's securities watchdog identified JPEX ...

Blog • 04 October 2023, Wednesday, 21:15

South Korean Gaming Giant Netmarble Affiliate to List Coin on Japanese Exchange

South Korean Gaming Giant Netmarble Affiliate to List Coin on Japanese Exchange The South Korean video games giant Netmarble has made a blockchain gaming breakthrough with its subsidiary’s coin set to be listed on the Japanese crypto exchange Zaif.Per Yonhap, the coin, MarbleX’s MBX, will be listed on the platform on October 11.MarbleX is Netmarble’s blockchain gaming arm.The coin will become the first token issued by a South Korean gaming firm to be listed in Japan to have been.South Korean fir...

Blog • 04 October 2023, Wednesday, 17:45

CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups

CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.Founded in 2016, CMCC Global is one of the first Asian VC firms focused solely on the blockchain ecosystem.As announced on its official X (formerly Twitter) page, the firm revealed that the fund’s first focus region will be Hong Kong before expandi...

Blog • 04 October 2023, Wednesday, 17:15

Sam Bankman-Fried Changed the Rules for FTX Employees When SRM Token Shot Up in Value – Here's What Happened

Sam Bankman-Fried Changed the Rules for FTX Employees When SRM Token Shot Up in Value – Here's What Happened Sam Bankman-Fried (SBF) was forced to change rules for FTX employees in 2021 when their crypto profits threatened to let them retire early.As Michael Lewis wrote in his SBF-focused book “Going Infinite,” SBF used his exclusive power to lock up his employee’s Serum (SRM) holdings for seven years longer than initially planned, not allowing them to cash out on their paper profits.“In th...

Blog • 04 October 2023, Wednesday, 17:05

AI Crypto Market Cap Reaches $4.5 Billion and This New Web3 Coin is Taking All the Limelight

AI Crypto Market Cap Reaches $4.5 Billion and This New Web3 Coin is Taking All the Limelight According to today's data on CoinMarketCap, the AI crypto market has reached a valuation of nearly $4.6 billion. This impressive market cap is not just a numeric milestone, but also a reflection of the deepening integration of artificial intelligence technologies into blockchain-based solutions. In addition, a 2023 report by Mordor Intelligence estimates the AI in Fintech market size to climb to $49....

Blog • 04 October 2023, Wednesday, 17:00

Best Crypto to Buy Now October 4 – Trust Wallet, Avalanche, GALA

Best Crypto to Buy Now October 4 – Trust Wallet, Avalanche, GALA Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3.Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal at this stage.As Ripple builds momentum versus the SEC allegations, what is the best crypto to buy now?The...

Blog • 04 October 2023, Wednesday, 16:50

Decoding the SEC’s Stance on Crypto: An Exclusive Interview with Brandon Zemp

Decoding the SEC’s Stance on Crypto: An Exclusive Interview with Brandon Zemp As the crypto industry witnesses rapid growth, regulatory challenges arise in tandem. David Hirsch, who heads the SEC's Crypto Assets and Cyber Unit, raises alarm bells for the crypto sector, emphasizing that more charges will be brought against exchanges and DeFi projects perceived to be violating securities laws. With major platforms like Coinbase and Binance already under scrutiny, the crypto industry is now on ...

Blog • 04 October 2023, Wednesday, 15:45

Bitcoin Price Prediction as BTC Market Cap Climbs Above $500 Billion – Where is BTC Headed Now?

Bitcoin Price Prediction as BTC Market Cap Climbs Above $500 Billion – Where is BTC Headed Now? Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world's most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark. The cryptocurrency market is currently worth $1.08 trillion. However, it experienced a 0.90% loss within the last 24 hour...

Blog • 04 October 2023, Wednesday, 15:35

3 Cryptos to Buy Now if XRP Price Doesn’t Reach $1 in 2023

3 Cryptos to Buy Now if XRP Price Doesn’t Reach $1 in 2023 XRP ($XRP), the cryptocurrency that powers the XRP Ledger that was launched by US fintech company Ripple Labs back in 2011, has been back in the headlines on Wednesday.District Judge Analisa Torres just rejected a bid by the US Securities and Exchange Commission (SEC) to appeal a recent legal loss it sustained in its lawsuit versus Ripple Labs.The SEC sued Ripple Labs back in 2020 for issuing $1.3 billion worth of XRP tokens in an unregi...

Blog • 04 October 2023, Wednesday, 15:15

Bitfinex Analysts: Bitcoin's September Surge Signals Potential Bullish October

Bitfinex Analysts: Bitcoin's September Surge Signals Potential Bullish October Bitcoin's performance in September, which saw it closing the month in the green, has piqued the interest of analysts at the crypto exchange Bitfinex, who suggest this could signal a bullish October for the number one cryptocurrency.Historically, a positive September has often set the stage for a bullish October in the Bitcoin market.Bitfinex analysts point out that the combined crypto market cap increased by ...

Blog • 04 October 2023, Wednesday, 15:00

Investigator Alleges Drug Cartel Links to Tron and Ethereum Crypto Wallets — Here's What You Need to Know

Investigator Alleges Drug Cartel Links to Tron and Ethereum Crypto Wallets — Here's What You Need to Know Yesterday, an online investigator, known by the X username @BoringSleuth, released allegations against cryptocurrencies Tron and Ethereum, suggesting links to criminal activities and the Chinese Communist Party (CCP). The revelations come amidst growing scrutiny of China's role in the crypto sector and ongoing investigations by regulatory agencies. While the crypto market is no stra...

Blog • 04 October 2023, Wednesday, 14:40

Biggest Crypto Gainers Today on DEXTools – BDOGE, BOLT, NGL

Biggest Crypto Gainers Today on DEXTools – BDOGE, BOLT, NGL Blue chip cryptocurrencies are mixed, with Bitcoin (BTC) flat just above $27,500 and Ether (ETH) about 1% lower, having recently slipped under $1,650.Traders are still monitoring the broader macro picture after strong US data on Monday and Tuesday pertaining to the manufacturing sector and labor market sent long-dated US yields to fresh multi-decade highs.That spike in yields, which saw the US 10-year hit its highest since 2007 near 4.9...

Blog • 04 October 2023, Wednesday, 14:30

Coinbase vs. SEC: Regulator Pushes Back Against Exchange

Coinbase vs. SEC: Regulator Pushes Back Against Exchange The battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) continues to intensify as regulators push back against the crypto exchange's attempts to have a securities law violation lawsuit dismissed.The SEC originally filed the lawsuit against Coinbase in June, alleging that the exchange had failed to register as a securities exchange.Coinbase then countered the filing by seeking a pre-trial ruling asserting that ...

Blog • 04 October 2023, Wednesday, 14:20

Uzbekistan Permits Only Legal Entities to Mine Cryptocurrencies Using Solar Power

Uzbekistan Permits Only Legal Entities to Mine Cryptocurrencies Using Solar Power The Republic of Uzbekistan has approved new regulations for issuing licenses for cryptocurrency mining activities.The National Agency for Advanced Projects (NAAP), an organization primarily responsible for crypto markets oversight, has finally released a new framework on the procedure for registering crypto mining, which the deputy director of NAAP Vyacheslav Pak hinted in an interview, in August.The regulation cle...

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