Mining Blog & Mining News

Blog • 04 October 2023, Wednesday, 12:50

Coinbase CEO Condemns Chase UK's Prohibition of Crypto Transactions; Chainlink (LINK) and VC Spectra (SPCT) Experience Upward Movement

Coinbase CEO Condemns Chase UK's Prohibition of Crypto Transactions; Chainlink (LINK) and VC Spectra (SPCT) Experience Upward Movement Chase UK recently refused to deal with any transaction involving cryptocurrency. This development was met with a harsh response from Coinbase CEO Brian Armstrong. Meanwhile, Chainlink (LINK) and VC Spectra (SPCT) experienced a surge in token prices, becoming the top altcoins to watch for in 2023.Let’s explore the market performance of these top crypto coins ...

Blog • 04 October 2023, Wednesday, 12:40

Bitcoin Spark: The Crypto That Rewards You for Processing Transactions

Bitcoin Spark: The Crypto That Rewards You for Processing Transactions Conducting transactions in the financial universe has always been a significant feature that enables the transfer of assets and value. However, The traditional finance ecosystem has managed to take control of individual funds. This is why Satoshi Nakamoto pioneered Bitcoin. Therefore, Bitcoin enabled easy transaction and value exchange through its native token, BTC. As time progressed, other networks, such as Ethereum, emerge...

Blog • 04 October 2023, Wednesday, 12:30

Ripple Set to Release 1B XRP, While Traders Become Bullish on AI Altcoin

Ripple Set to Release 1B XRP, While Traders Become Bullish on AI Altcoin Some analysts are already calling InQubeta ($QUBE) the best cryptocurrency to invest in right now thanks to the profits its presale offers and its long-term growth potential. It’s one of the best DeFi projects to be launched in some time as it takes on traditional investment firms by providing an easier-to-use alternative.Meanwhile, Ripple ($XRP) is set to release a billion tokens in October as per its 55-month plan to rele...

Blog • 04 October 2023, Wednesday, 12:10

Project Atlas: Bank for International Settlements Tackles Crypto Tracking with EU Central Banks – Here's the Latest

Project Atlas: Bank for International Settlements Tackles Crypto Tracking with EU Central Banks – Here's the Latest The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets. The partnership with the BIS was struck with the European Central Bank, Banque de France, Deutsche Bundesbank and Nederlandsche Bank to monitor on-chain and off-chain transactions on public networks incl...

Blog • 04 October 2023, Wednesday, 11:55

New Crypto Bitcoin BSC Price Explodes 50%, Hits $30m Market Cap as Crypto Traders Pile In to Buy $BTCBSC

New Crypto Bitcoin BSC Price Explodes 50%, Hits $30m Market Cap as Crypto Traders Pile In to Buy $BTCBSC Wednesday, October 4th, 2023 – New crypto Bitcoin BSC is off to a flying start after launching on the PancakeSwap decentralized exchange today, immediately rocketing in price 50% to $1.48 and grabbing a market capitalization of $30 million.Overnight, the ‘Bitcoin on BNB Smart Chain’ coin has become one of the most traded on the Binance-supported blockchain and is currently the No.3 trending h...

Blog • 04 October 2023, Wednesday, 11:15

Today in Crypto: Yield Protocol Shutting Down, Wirex Reveals App Chain Connecting DeFi & TradFi, Montréal Exchange Announces BTC Futures Contracts

Today in Crypto: Yield Protocol Shutting Down, Wirex Reveals App Chain Connecting DeFi & TradFi, Montréal Exchange Announces BTC Futures Contracts Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._DeFi newsDecentralized finance (DeFi) lending project Yield Protocol will wind down by the end of the year, citing a lack of demand for fixed-rate borrowing on the platform, the current regulatory ...

Blog • 04 October 2023, Wednesday, 09:55

Is It Too Late to Buy Polygon? MATIC Price Shoots Up 11% and This Lesser Known Crypto May Be Next to Explode

Is It Too Late to Buy Polygon? MATIC Price Shoots Up 11% and This Lesser Known Crypto May Be Next to Explode Polygon (MATIC) is bouncing back amid major proposal progress towards Polygon 2.0 and a surge in whale MATIC transactions - leaving some asking 'is it too late to buy Polygon?'.The dramatic resurgence comes as number of PIP governance proposals (PIP-24 and PIP-25) have been unveiled, with both proposals aiming to update the token burn system needed for Polygon 2.0.And this coincid...

Blog • 04 October 2023, Wednesday, 09:35

Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments

Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments Denis Beau, the first deputy governor of Banque de France has referred to Central Bank Digital Currencies (CBDCs) as a foundation for a new global monetary system.According to him, CBDCs should be developed to implement cross-border payments rather than for local financial settlements alone and being a double for fiat. “(CBDCs) are the catalyst for improving cross-border payments by enabling the build-up of a new ...

Blog • 04 October 2023, Wednesday, 09:15

Sam Bankman-Fried Trial Jury Selection Extends to Second Day Amid Bias Concerns – What's Going On?

Sam Bankman-Fried Trial Jury Selection Extends to Second Day Amid Bias Concerns – What's Going On? The jury selection process in the criminal trial of FTX founder Sam Bankman-Fried is set to continue for a second day amid concerns of potential bias among prospective jurors. Out of the initial pool of potential jurors, the list has now been narrowed down to 50 individuals, from which a final panel of 12 will be selected by Wednesday morning, according to latest updates by Wired. The trial ha...

Blog • 04 October 2023, Wednesday, 08:40

XRP Price Prediction as XRP Spikes Up 6% Suddenly – $1 Incoming?

XRP Price Prediction as XRP Spikes Up 6% Suddenly – $1 Incoming? The XRP price has gained strongly today, rising by as much as 6% after the SEC was denied its motion for an interlocutory appeal in its high-profile case with Ripple.The coin has settled (for now) at a price of $0.533736, representing a 4.5% gain in 24 hours and a 6% jump in a week and a month, with the token also having risen by 57% since the beginning of the year.Such increases put it in a good position to make further gains in t...

Blog • 04 October 2023, Wednesday, 08:00

US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers

US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers The US Department of Treasury has imposed sanctions on cryptocurrency wallets of China-based chemical companies and individuals tied to illegal production and trafficking of fentanyl.The blocked wallets apparently “received millions of USD funds over hundreds of deposits,” Deputy Treasury Secretary Wally Adeyemo said during a press conference on Tuesday.“We have identified and blocked over a dozen virt...

Blog • 04 October 2023, Wednesday, 07:50

BDOGE Token Rockets 1,000% and This Meme Coin Could Be the Next to Boom – Is the Hype Real?

BDOGE Token Rockets 1,000% and This Meme Coin Could Be the Next to Boom – Is the Hype Real? As Uptober continues to fuel dramatic on-chain moves, Big DOGE token (BDOGE) has skyrocketed +1,000 - but could it be too good to be true?Recent weeks have seen a huge trend in explosive DEX launched tokens, with countless pump-and-dump moon-shots including APX, FTX, Thing, Jinbe and шайлушай.Launched at just 15:00 on October 3, the sensational +1,000% upside move has seen few signs of slowing down - and ...

Blog • 04 October 2023, Wednesday, 07:40

Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course?

Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course? Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.While Hong Kong is rising as a global leader in the regulated digital asset market, it's still unclear what it means for China as a whole - though it may signal an "evolution" in...

Blog • 04 October 2023, Wednesday, 07:30

Pepe Price Prediction as PEPE Falls Along with the Wider Crypto Market – Are Whales Manipulating Prices?

Pepe Price Prediction as PEPE Falls Along with the Wider Crypto Market – Are Whales Manipulating Prices? The PEPE price has dropped by 3% in the past 24 hours, with the meme token's fall to $0.000000719755 coming as the cryptocurrency market continues to weather losses incurred yesterday.PEPE remains up by 15% in the past fortnight, yet it's down by 12% in a month and by 83% since hitting an all-time high of $0.00000431 in early May, a few weeks after it had been launched.The meme coin&#...

Blog • 04 October 2023, Wednesday, 06:55

Juror Unfamiliarity of Cryptocurrency Poses Challenge in FTX Trial

Juror Unfamiliarity of Cryptocurrency Poses Challenge in FTX Trial As the trial against Sam Bankman-Fried, the disgraced former CEO of bankrupt crypto exchange FTX, begins, the complexity of the world of crypto is emerging as a significant challenge for both the prosecution and the defense.In the case, the prosecution faces the formidable task of simplifying and clarifying the complex world for jurors who may be more or less completely unfamiliar with digital assets, the Wall Street Journal said...

Blog • 04 October 2023, Wednesday, 06:15

Terra Luna Classic Price Prediction as LUNC Falls to 100th Place in Coin Rankings – Is It All Over?

Terra Luna Classic Price Prediction as LUNC Falls to 100th Place in Coin Rankings – Is It All Over? The Terra Luna Classic price has dropped by 3% in the past 24 hours, with its fall to $0.00005928 leaving the altcoin in 100th place in terms of cryptocurrency market cap rankings.LUNC is also down by 3.5% in the past week, and while it's actually up by 3% in the last 14 days, it remains down by 1% in a month and by 81% in the last year.Such falls point to a longer term decline which has taken...

Blog • 04 October 2023, Wednesday, 06:05

Is Bitcoin Cash Going to Zero? $300 Million Trading Volume Sends BCH Price Down 7% as New Bitcoin Project Secures $400,000

Is Bitcoin Cash Going to Zero? $300 Million Trading Volume Sends BCH Price Down 7% as New Bitcoin Project Secures $400,000 Bitcoin Cash (BCH) has undertaken a -7.71% retracement move to test accumulatory support at the 20DMA, but with price action tumbling - is Bitcoin Cash going to zero? The downside shift comes amid declining trading volume for BCH, which has dropped -48.19% overnight, to a lowly $246k.However, community sentiment remains bullish - with BCH bag-holders carefully watching the a...

Blog • 04 October 2023, Wednesday, 06:00

Argentina’s Presidential Candidates Bitcoin and CBDCs Debate Trigger Reactions

Argentina’s Presidential Candidates Bitcoin and CBDCs Debate Trigger Reactions Argentina’s presidential candidate, Sergio Massa has touted a Central Bank Digital Currency (CBDC) to solve the country’s worsening inflation crisis.In the nation's first Presidential debate, Massa who currently serves as Economy Minister wants a digital currency to put the economy at the same pace with others globally.“We are going to launch the digital currency in Argentina. We are going to do it globally for al...

Blog • 04 October 2023, Wednesday, 05:20

Crypto-Friendly Congressman McHenry Assumes Speaker Role – Here's the Latest

Crypto-Friendly Congressman McHenry Assumes Speaker Role – Here's the Latest Crypto-friendly congressman Patrick McHenry has temporarily assumed the role of US House Speaker after Kevin McCarthy was ousted by Congress. On Tuesday, McCarthy was voted out as House Speaker in a House of Representatives vote, marking the first successful ousting of a sitting speaker in history. Notably, McCarthy is known for his crypto-friendly stance as a Republican. He has previously expressed his affinity fo...

Blog • 04 October 2023, Wednesday, 02:55

OpenSea Unveils OpenSea Studio to Help Creators Easily Launch NFT Projects

OpenSea Unveils OpenSea Studio to Help Creators Easily Launch NFT Projects Major NFT marketplace OpenSea has introduced OpenSea Studio, a comprehensive platform designed to assist creators in launching and managing their NFT projects. The company unveiled the new initiative in a Tuesday blog post, saying that OpenSea Studio aims to streamline the operational aspects so that creators can focus on their artistic endeavors."We’re launching OpenSea Studio, a one-stop shop for creators to launch and ...

Blog • 04 October 2023, Wednesday, 02:45

FTX's $500 Million Investment in OpenAI Rival Offers Hope for Creditors as Anthropic Eyes $2 Billion Funding from Google

FTX's $500 Million Investment in OpenAI Rival Offers Hope for Creditors as Anthropic Eyes $2 Billion Funding from Google FTX's $500 million investment in Anthropic in 2022 could potentially become a game-changer for creditors after OpenAI rival revealed its intention to raise another $2 billion from Google and other firms.According to The Information report, Anthropic is currently in discussions with various investors, including tech giant Google, to initiate a new funding round of a wh...

Blog • 04 October 2023, Wednesday, 02:35

Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O'Leary's Remarks on Regulatory Hurdles

Bitcoin Price Prediction: BTC Rises 4% Despite US Wallet Ban & O'Leary's Remarks on Regulatory Hurdles On Wednesday, Bitcoin faced a modest decline of nearly 0.50%, with its trading price settling at $27,412. However, this slight dip belies the cryptocurrency's resilient performance over the past week, witnessing an impressive surge of nearly 4%. This uptrend is particularly noteworthy given the recent challenges faced by the digital currency sector. The US Treasury has institu...

Blog • 04 October 2023, Wednesday, 02:15

Russian Corporations Using Digital Ruble as CBDC Pilot Gathers Pace

Russian Corporations Using Digital Ruble as CBDC Pilot Gathers Pace Russian corporations are starting to make use of the digital ruble, the country’s central bank digital currency (CBDC).Per a report from SPB IT RU, the state-run Sirius Innovation Science and Technology Center has opened a corporate digital ruble wallet.The center has already used its wallet to “successfully conduct” business-related operations.The center is a state-run IT research and training facility that answers to the Presi...

Blog • 04 October 2023, Wednesday, 01:30

Former Celsius CEO Alex Mashinsky's Criminal Trial Set for September 2024

Former Celsius CEO Alex Mashinsky's Criminal Trial Set for September 2024 Former Celsius Network CEO Alex Mashinsky is set to face a criminal trial beginning on September 17, 2024.The trial schedule was confirmed during an October 3 hearing held in the United States District Court for the Southern District of New York, presided over by Judge John Koeltl. In the lead-up to the trial, there will be three pretrial conferences in March, July, and September. Mashinsky to Remain Free on $40 Milli...

Blog • 04 October 2023, Wednesday, 01:10

Crypto Platform Ripple Joins Growing List of MPI License Holders in Singapore

Crypto Platform Ripple Joins Growing List of MPI License Holders in Singapore The Singapore subsidiary of crypto payments giant Ripple has officially received its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS).The MPI license will allow Ripple Markets APAC Pte Ltd, the local arm, to provide digital payment token services in the city-state.Ripple received in-principal approval for the license from MAS in June. The MPI license marks an important step toward...

Blog • 04 October 2023, Wednesday, 00:35

Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison

Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release. Scott Hughes, an attorney who played a key role in laundering approximately $18 million in fraudulent AirBit Club proceeds, has been sentenced to 18 months in prison. Cecilia Millan, a senior promoter of Ai...

Blog • 03 October 2023, Tuesday, 21:10

Japan May Become ‘Crypto El Dorado’ – South Korean Experts

Japan May Become ‘Crypto El Dorado’ – South Korean Experts Japan is aiming to become a crypto and Web3 “powerhouse,” South Korean analysts and experts believe – but some think Seoul still has what it takes to surpass Tokyo.Per Chosun Ilbo, South Korea’s biggest newspaper, Seoul-based crypto firms are concerned by the Japanese government’s proactive Web3-fostering policies.These policies have the power to turn Japan, South Korea’s long-standing political and economic rival, into a “crypto and Web...

Blog • 03 October 2023, Tuesday, 19:50

Breaking - XRP Price Pumps As Judge Torres Rejects SEC Motion To Appeal Ripple Ruling

Breaking - XRP Price Pumps As Judge Torres Rejects SEC Motion To Appeal Ripple Ruling US District Judge Analisa Torres has rejected the U.S. Securities and Exchange Commission's motion to appeal in the ongoing Ripple lawsuit.Widely-followed crypto Twitter account db (@tier10k) posted the breaking news, causing an immediate 5% spike in the XRP price.Judge Rejects SEC Appeal vs RippleView the October 3rd order on courtlistener.com, at the bottom of page six.'The SEC's motion for certif...

Blog • 03 October 2023, Tuesday, 19:10

Crypto Experts Think This New AI Signals Platform Is The Next Big Thing – Here's Why

Crypto Experts Think This New AI Signals Platform Is The Next Big Thing – Here's Why yPredict, an AI-powered analytics solutions provider specializing in crypto trading, has raised nearly $4.1 million in its ongoing crypto presale.The platform, designed to be an all-in-one ecosystem for traders, incorporates a wide array of tools, from AI-generated trading signals to real-time sentiment analysis, and even quantitative analysis. A New Milestone in the Crypto PresaleThe company is presently i...

Blog • 03 October 2023, Tuesday, 19:00

Dirham-Inspired DRAM Stablecoin Listed on Uniswap, PancakeSwap

Dirham-Inspired DRAM Stablecoin Listed on Uniswap, PancakeSwap Swiss-based blockchain firm Distributed Technologies Resources (DTR) has announced the launch of a Dirham-backed stablecoin, DRAM. The token launched today, October 3, 2023.According to founder Akshay Naheta, who served as a SoftBank executive once in his career, the tokenized fiat equivalent of the United Arab Emirates (UAE) national currency will enable users in other regions to transfer value across borders seamlessly. The DRAM st...

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