Mining Blog & Mining News

Blog • 02 October 2023, Monday, 11:35

$900 Million Has Been Stolen in Crypto Hacks This Year

$900 Million Has Been Stolen in Crypto Hacks This Year Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.The total lost to crypto hacks in 2023 is on course to surpass $1 billion. By September 30, a total of $900M had been stolen by hackers, an astonishing figure even if it fails to match the $2.7B lost through similar attacks last year. While the cumulative value of crypto stolen in 2023 is lower, the ...

Blog • 02 October 2023, Monday, 11:25

Today in Crypto: UBS Launches Tokenized Money Market Fund Pilot on Ethereum, $8BN was a 'Rounding Error' to SBF

Today in Crypto: UBS Launches Tokenized Money Market Fund Pilot on Ethereum, $8BN was a 'Rounding Error' to SBF Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Tokenisation newsMajor fund house UBS Asset Management has launched a pilot of a tokenized money market fund represented as a smart contract on the Ethereum blockchain. Per the announcement, the pilot utilizes the firm’s in-ho...

Blog • 02 October 2023, Monday, 11:15

Is It Too Late to Buy Render? RNDR Token Rallies Up 6% as Licensed Crypto Casino Starts Raising Funds – How to Get in Early?

Is It Too Late to Buy Render? RNDR Token Rallies Up 6% as Licensed Crypto Casino Starts Raising Funds – How to Get in Early? Despite a tough Monday on the market, Render (RNDR) has surged +6% in a market-defying pump aiming to reclaim the 200DMA - but with momentum stalling - is it too late to buy Render?This comes following a challenging Summer for the leading GPU token, which has fallen -57% since May in a dramatic retracement.Yet, with rumour of an 'Uptober' abounding in crypto commun...

Blog • 02 October 2023, Monday, 09:15

SCORP vs. HIFI – Which is the Best Investment Now?

SCORP vs. HIFI – Which is the Best Investment Now? Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Hifi Finance (HIFI) and Scorpion Casino (SCORP) are two of the most trending cryptocurrencies of September. Hifi Finance, which was selling for $0.376 in August took a leap to $2.55 on 16 September 2023, to the pleasant shock of the market. Scorpion Casino, on the other hand, is a presale token that is trending across crypto and gambling communitie...

Blog • 02 October 2023, Monday, 07:55

Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone

Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase’s Base.According to Dune Analytics, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where they sit at the time of writing (Monday morning, UTC). September 14 remains the record-breaking day, with ETH 616 in fees recorded. At the tim...

Blog • 02 October 2023, Monday, 07:45

Is Chainlink Going to Zero? LINK Price Drops 5% Suddenly as New Staking Coin Secures $200,000

Is Chainlink Going to Zero? LINK Price Drops 5% Suddenly as New Staking Coin Secures $200,000 As the Chainlink (LINK) community gather in Barcelona for SmartCon 2023, price action has taken a -5% tumble, as LINK's 16-month range continues to hold strong despite ANZ Bank partnership - but with fearful under-water bag-holders once again asking 'is Chainlink going to zero?' - find out in this LINK price analysis. In a classic 'buy the rumour, sell the news' market move, the -5% ...

Blog • 02 October 2023, Monday, 07:25

Solana Price Prediction as $1 Billion Trading Volume Sends SOL Flying Up 25% – Are Whales Buying?

Solana Price Prediction as $1 Billion Trading Volume Sends SOL Flying Up 25% – Are Whales Buying? The price of Solana (SOL) has surged by 25% in the last seven days now, with the coin's rise to $24.21 also representing a 6% gain in 24 hours.This makes SOL one of the best-performing coins in the market right now, with the token also having appreciated by 23% in a month and by just over 140% since the beginning of the year.And with SOL's jump today coming when the market as a whole appears...

Blog • 02 October 2023, Monday, 07:15

Nomura’s Crypto Subsidiary Laser Digital Opens Office in Japan

Nomura’s Crypto Subsidiary Laser Digital Opens Office in Japan Laser Digital, the digital asset subsidiary of financial services giant Nomura, has opened a new Tokyo base, to expand its presence in the Far East.Former Nomura’s executive director Hideaki Kudo, has been appointed to head the new office in Japan. Kudo has previously worked on several projects for Nomura including the development of security tokens for Nomura Group. He also served as a senior portfolio manager at Nomura Asset Manage...

Blog • 02 October 2023, Monday, 07:00

Franklin Templeton CEO Calls Tokenization 'Securitization on Steroids'

Franklin Templeton CEO Calls Tokenization 'Securitization on Steroids' Tokenization is causing a significant shift in the traditional securitization process, according to Jenny Johnson, the CEO of asset management giant Franklin Templeton.According to Johnson, tokenization can be described as "securitization done on steroids," given its potential for transforming the traditional financial industry.The comments were made during CNBC’s Delivering Alpha event on September 28 and first rep...

Blog • 02 October 2023, Monday, 06:50

Unleashing the Power of TokenCoin: The Ultimate Crypto Mining Platform

Unleashing the Power of TokenCoin: The Ultimate Crypto Mining Platform Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Ever wanted to get into cryptocurrency mining but found the process too complicated? You're not alone. Crypto mining seems intriguing yet inaccessible to most people. The specialized equipment, technical knowledge, and high costs required present barriers to entry for the average person. But what if there was an easy way to ...

Blog • 02 October 2023, Monday, 06:40

XRP Price Prediction as XRP Rallies Toward $1 Level – Time to Buy?

XRP Price Prediction as XRP Rallies Toward $1 Level – Time to Buy? The XRP price has risen by 1% in the past 24 hours, with its move to $0.523743 coming as the cryptocurrency market as a whole increases by just over 3% today.XRP is now up by 6% in a week and nearly 6% in the last 30 days, with the altcoin also having appreciated by 54% since the beginning of 2023, a year which saw Ripple gain a largely positive result in its case against the SEC in mid-July.And with the wider market seemingly be...

Blog • 02 October 2023, Monday, 06:20

FWEN Token Shoots Up 1,000% Overnight and New Bitcoin Project Goes Viral For Makes Mining Simple – 100x Potential?

FWEN Token Shoots Up 1,000% Overnight and New Bitcoin Project Goes Viral For Makes Mining Simple – 100x Potential? In the latest surge on-chain FWEN has surged +1,000% - as market interest gravitates to the Friend-Tech linked, BASE-launched, airdrop token. With the ongoing FWEN airdrop seemingly distributing supply in 10% increments, excitement is growing ahead of a posited next-round of the airdrop today for Friend Tech users.And this comes ahead of a highly-anticipated bridge launch; which wil...

Blog • 02 October 2023, Monday, 06:10

Ethereum Co-Founder Vitalik Buterin Explores Ethereum Staking Changes – What's Going On?

Ethereum Co-Founder Vitalik Buterin Explores Ethereum Staking Changes – What's Going On? Ethereum (ETH) co-founder Vitalik Buterin has recently shared his thoughts on potential changes to Ethereum's staking system.In a recent blog post, Buterin discussed various protocols, including ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking, and explored the trade-offs associated with incorporating them into Ethereum's code.The Ethereum mastermind said the goal behind...

Blog • 02 October 2023, Monday, 06:00

Dogecoin Price Prediction as DOGE Becomes Top 10 Crypto in the World – Is $1 DOGE Possible in 2023?

Dogecoin Price Prediction as DOGE Becomes Top 10 Crypto in the World – Is $1 DOGE Possible in 2023? The price of Dogecoin (DOGE) has jumped by 2.5% in the past 24 hours, rising to $0.063922 as the cryptocurrency market as a whole gains by 3.5% today.This move has enabled DOGE to reenter the top 10 of cryptocurrencies by market cap, with the meme token also up by 5% in a week, while remaning up by only 0.5% in the last 30 days.Given just how oversold DOGE had been in recent weeks, today's ris...

Blog • 02 October 2023, Monday, 05:50

September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report

September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report On September 30, CertiK confirmed that a total of approximately $332 million had been lost to various exploits, hacks, and scams throughout September.September 2023 has emerged as the most concerning month for crypto-related exploits, as reported by CertiK. In September, the crypto space witnessed various types of incidents. Exit scams accounted for around $1.9 million in losses, while flash loans led to losses of ...

Blog • 02 October 2023, Monday, 04:35

Ex-Chairman of Canaan Jack Kong Faces Crypto Project Hack From Insider

Ex-Chairman of Canaan Jack Kong Faces Crypto Project Hack From Insider Jack Kong, former chairman of China-based computer hardware manufacturer Canaan, has disclosed a hack of a cryptocurrency project that he has invested in.The hacker was reportedly an insider from the crypto project and fled to Thailand following the crime. “The hacker fled to Thailand but he was arrested and returned to China within 48 hours after working with the Chinese police,” a Tweet by Wu Blockchain read.“The insider ha...

Blog • 02 October 2023, Monday, 04:15

Bitcoin Price Prediction: BTC Rise 8% Amid ETF Approvals & Recovery and October Crypto Surge

Bitcoin Price Prediction: BTC Rise 8% Amid ETF Approvals & Recovery and October Crypto Surge Bitcoin (BTC), the world's top cryptocurrency, recently experienced a remarkable surge, surpassing the $28,000 mark on Monday. At that time, the entire cryptocurrency market boasted a total worth of approximately $1.11 trillion, marking a 3.05% growth within the past 24 hours. However, this sudden upward movement can be attributed to an unexpected surge in demand for Bitcoin and Ethereum.In a mat...

Blog • 02 October 2023, Monday, 04:05

Lazarus Group’s New Malware is Harder To Detect, Cyber Security Firm Warns Crypto Firms

Lazarus Group’s New Malware is Harder To Detect, Cyber Security Firm Warns Crypto Firms Cyber security experts at ESET have warned firms of the threat posed by the Lazarus Group’s new malware “LightlessCan” saying it is more difficult to detect than previous versions.According to the firm, the malware is mostly deployed in employment scams luring users to install a malicious payload disguised as a job task or document related to the company.In its recent blog post on Sept 29, the firm highlighte...

Blog • 02 October 2023, Monday, 02:55

Sam Bankman-Fried Wanted to Pay Donald Trump $5 Billion to Not Run for President in 2024, Big Short Author Claims

Sam Bankman-Fried Wanted to Pay Donald Trump $5 Billion to Not Run for President in 2024, Big Short Author Claims Former FTX CEO Sam Bankman-Fried explored the possibility of offering Donald Trump a staggering $5 billion to dissuade him from running for the United States presidency in 2024, Big Short author Michael Lewis revealed. During a 60 Minutes interview on October 1, Lewis revealed Sam Bankman-Fried's contemplation of this audacious proposal. He shed light on Bankman-Fried's persp...

Blog • 02 October 2023, Monday, 02:25

Brazil to Issue Digital IDs for Its 214 Million Citizens Using Blockchain Technology

Brazil to Issue Digital IDs for Its 214 Million Citizens Using Blockchain Technology Brazil is set to issue digital identification documents for its more than 214 million citizens using blockchain technology.The states of Rio de Janeiro, Goiás, and Paraná will be the first to adopt this new system, utilizing a private blockchain developed by Serpro, Brazil's national data processing service, according to an official announcement by the government. The announcement says that the entire countr...

Blog • 02 October 2023, Monday, 02:15

South Korean Court Jails Septuagenarian Bitcoin Fraudster

South Korean Court Jails Septuagenarian Bitcoin Fraudster A South Korean court has handed a 70-year-old man a jail sentence after finding him guilty of Bitcoin (BTC)-powered fraud.Kyeonggi Ilbo reported that the unnamed man, identified only by the initial A, was given a one-year prison term for enabling “telecommunications-related financial fraud.”A branch of the Suwon District Court heard that the man was recruited by an organized voice phishing ring in August 20, 2021, although A claimed he di...

Blog • 02 October 2023, Monday, 02:00

EVs Are On the Rise Globally - And eTukTuk is A Crypto-Based Solution That is Helping Make The Transition

EVs Are On the Rise Globally - And eTukTuk is A Crypto-Based Solution That is Helping Make The Transition Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.eTukTuk is about to embark on a remarkable journey as it pushes developing nations from traditional internal combustion engine TukTuks to sustainable EV-powered three-wheelers.The project is described as the most critical sustainability project of the decade for the developing world as it seeks...

Blog • 02 October 2023, Monday, 00:45

Coinbase Attains Full License to Expand Crypto Payment Services in Singapore

Coinbase Attains Full License to Expand Crypto Payment Services in Singapore Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore's Payment Services Act.Coinbase announced that the recent development comes nearly a year after Coinbase received preliminary approval from the Monetary Authority of Singapore (MAS). With this license, Coinbase joins a growing list of firms authorized to provide digital payment token services within the Republic.The g...

Blog • 02 October 2023, Monday, 00:05

Kenyan Authorities Accuse Worldcoin of Espionage and Statehood Threats

Kenyan Authorities Accuse Worldcoin of Espionage and Statehood Threats Kenyan authorities have accused Worldcoin of engaging in acts of espionage and posing a threat to the country's statehood. The accusations stem from an ongoing investigation by Kenya's Ad hoc committee, which was initiated following concerns raised by the public regarding Worldcoin's activities, local media reported. Worldcoin had come under scrutiny for its purported data mining practices, where it allegedly coll...

Blog • 01 October 2023, Sunday, 21:10

Here’s How Much Russia’s Biggest Banks Are Spending on CBDC Integration

Here’s How Much Russia’s Biggest Banks Are Spending on CBDC Integration Rosbank, one of Russia’s biggest banks, has spent around $1.6 million on digital ruble integration – despite the fact that the CBDC pilot is less than two months old.The bank is one of Russia’s most bullish when it comes to CBDC and crypto adoption.Prior to the August launch of the digital ruble pilot, Rosbank said that it was “ready to participate in a pilot project with real clients.”Rosbank also launched an international ...

Blog • 01 October 2023, Sunday, 12:10

Congress Passes Funding Bill to Avoid US Government Shutdown

Congress Passes Funding Bill to Avoid US Government Shutdown The United States Senate passed a bipartisan bill on Saturday evening, just three hours before the midnight deadline, to prevent a government shutdown. The bill, which received overwhelming support with a vote of 88 to 9, funds the government for the next 45 days, until November 17. In a late Saturday post on X (formerly Twitter), President Joe Biden revealed that he has signed the bill into law. "Tonight, bipartisan majorities in the ...

Blog • 01 October 2023, Sunday, 09:45

Meet Tangem’s Latest Feature That Allows Users to Easily Monitor Token Prices

Meet Tangem’s Latest Feature That Allows Users to Easily Monitor Token Prices Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Since the early days of 2009, the cryptocurrency industry has exponentially grown in size, bringing in higher market caps, more active currencies, and higher daily transactions. In 2023, there are now over 22,932 active cryptocurrencies on the market, demonstrating the extent t...

Blog • 01 October 2023, Sunday, 08:10

Chainlink Completes Falling Wedge on Weekly Timeframe While P2E Battle Token Crosses $150k in Presale

Chainlink Completes Falling Wedge on Weekly Timeframe While P2E Battle Token Crosses $150k in Presale Chainlink (LINK) has completed a bullish falling wedge pattern on the weekly timeframe, gaining nearly 14% over the past week and trading at $7.418 with a volume of $2.70 million. Additionally, Meme Kombat's Battle Token has crossed $150k in presale. The crypto community is closely watching for potential market shifts and opportunities.Chainlink (LINK) Price PredictionShifting our focus to t...

Blog • 01 October 2023, Sunday, 07:35

HarryPotterObamaSonic10Inu Surges 14% as Whales Target BTC Stake-To-Mine Token

HarryPotterObamaSonic10Inu Surges 14% as Whales Target BTC Stake-To-Mine Token In the ever-evolving landscape of cryptocurrencies, HarryPotterObamaSonic10Inu has recently made headlines, recording a robust 14% surge. This uptick in price can be attributed to increased interest from 'whales' – the term for large-scale crypto investors – who have now set their sights on the BTC Stake-To-Mine token, BTCMTX. Let's briefly examine the technical aspects of the HarryPotterObamaSonic10Inu.Ha...

Blog • 01 October 2023, Sunday, 06:10

Pepe Coin Gains 9% in 7 Days as One of Web3's Hottest New Gaming Platforms Draws $165k in Presale

Pepe Coin Gains 9% in 7 Days as One of Web3's Hottest New Gaming Platforms Draws $165k in Presale Over the past week, Pepe Coin has emerged as a cryptocurrency worth noting, marking an impressive 9% surge. This ascent is further accentuated by its association with one of the web3's most buzzed-about gaming platforms, Meme Kombat, which recently drew a whopping $165k in its presale.But what does the technical landscape tell us about Pepe Coin's current standing and its potential futu...

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