Mining Blog & Mining News

Blog • 29 September 2023, Friday, 07:25

Is Ethereum a Good Investment in 2023?

Is Ethereum a Good Investment in 2023? Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.With the release of smart contracts, new consensus mechanisms, and improvements to network efficiency, the cryptocurrency market has grown exponentially in recent years, leading many investors to ask, is Ethereum a good investment?Throughout this guide, we'll be taking an in-depth look at Ethereum, analyzing i...

Blog • 29 September 2023, Friday, 07:00

Bitcoin Price Breaks $27,000 After Spiking 3% - 3 Reasons We Might Have a Bullish October

Bitcoin Price Breaks $27,000 After Spiking 3% - 3 Reasons We Might Have a Bullish October Bitcoin (BTC) has bounced-back +3.96% following reclamation of 20DMA support, and with price action turning bullish - here are 3 reasons why Bitcoin will see a strong performance in October.This comes amid increased anticipation in Bitcoin markets, as the Securities and Exchange Commission (SEC) are facing mounting pressure to approve a BTC spot ETF - a move which many believe could catalyze the next bull r...

Blog • 29 September 2023, Friday, 06:40

Bitcoin Price Prediction: BTC Rises by 2.50% Following a String of Fundamental Events

Bitcoin Price Prediction: BTC Rises by 2.50% Following a String of Fundamental Events Bitcoin (BTC), the world's largest cryptocurrency, experienced some gains but remained below the $27,000 mark on Friday morning. Meanwhile, the total value of all cryptocurrencies stood at $1.07 trillion at the time of this report, showing a 2.50% increase in the last 24 hours.Bitcoin's price surged past the $27,200 mark before stabilizing above $26,900, seemingly due to Valkyrie Funds LLC's approva...

Blog • 29 September 2023, Friday, 05:55

Bitcoin Minetrix Price Prediction 2023 - 2030

Bitcoin Minetrix Price Prediction 2023 - 2030 Bitcoin Minetrix ($BTCMTX) is a new cryptocurrency based on an ingenious Stake-to-Mine mechanism, enabling users to mine Bitcoin simply by staking the $BTCMTX crypto from their Ethereum-compatible wallet. This novel concept provides a no-fuss, zero-cost way to earn Bitcoin and requires no technical knowledge to get started, making it ideal for beginners.The project has just launched as a presale and has already gotten off to an explosive start, raisi...

Blog • 29 September 2023, Friday, 05:45

Ripple Price Prediction as XRP Market Cap Grows 2%. Strong October Ahead?

Ripple Price Prediction as XRP Market Cap Grows 2%. Strong October Ahead? XRP has bounced by 2% in the past 24 hours, with its price rising to $0.509501 as the wider crypto market records a similar gain in the same space of time.This movement means that XRP is now up by 2.5% in the past fortnight and down by 4% in the last 30 days, altough the altcoin remains up by 50% since the beginning of the year.It owes this increase to the largely positive ruling Ripple secured in its case against the SEC ...

Blog • 29 September 2023, Friday, 05:25

Pepe Classic Price Prediction as Top 2023 Meme Coin Pumps 10%. Return of the Frog?

Pepe Classic Price Prediction as Top 2023 Meme Coin Pumps 10%. Return of the Frog? The PEPE price has surged by 10% in the past 24 hours, pushed to $0.000000802775 as the cryptocurrency market as a whole rises by 2% in the same timeframe.Thanks to today's lift, PEPE is now up by 30% in a week and by 20% in the past fortnight, although the meme token remains down by 9% in the last 30 days and by 81% since reaching an all-time high of $0.00000431 in early May.Yet its outperformance of the mark...

Blog • 29 September 2023, Friday, 05:05

Could ChatGPT's Latest Enhancement Herald a Revolutionary Phase for Crypto?

Could ChatGPT's Latest Enhancement Herald a Revolutionary Phase for Crypto? OpenAI founder Sam Altman has announced an enhancement to the company's popular AI-powered chatbot ChatGPT that could potentially revolutionize the crypto industry. Altman has recently confirmed that ChatGPT, a powerful language model, can now browse the internet to provide up-to-date information with source links, breaking free from its previous limitation of data only up to September 2021. The development open...

Blog • 29 September 2023, Friday, 05:00

APE Price Prediction as ApeCoin Climbs 11% This Week. Heading Back to $2?

APE Price Prediction as ApeCoin Climbs 11% This Week. Heading Back to $2? The price of ApeCoin (APE) has jumped by 10% in the past 24 hours, with its move to $1.26 today also representing an 11% gain in a week.This makes APE one of the best-performing cryptocurrencies of the past few days, with the governance token starting to compensate for the steep losses it has incurred over much of 2023.Indeed, with APE still down by 76.5% in the last 12 months, the altcoin still has plenty of lost ground t...

Blog • 29 September 2023, Friday, 03:55

Circle Files Amicus Brief in SEC's Binance Lawsuit, Says Stablecoins Are Not Securities

Circle Files Amicus Brief in SEC's Binance Lawsuit, Says Stablecoins Are Not Securities Stablecoin issuer Circle has stepped into the legal battle between the Securities and Exchange Commission (SEC) and major crypto exchange Binance. Circle argued in its amicus curiae brief that stablecoins, whose value is backed by other assets, should not be subject to the same regulatory scrutiny as traditional securities.The SEC's case against Binance, which unfolded in June, centers on allegations...

Blog • 29 September 2023, Friday, 03:45

The World Federation of Exchanges Chips Recommendations for Crypto Service Providers as Regulatory Concerns Grow

The World Federation of Exchanges Chips Recommendations for Crypto Service Providers as Regulatory Concerns Grow The World Federation of Exchanges, WFE has shared its suggestions for the digital asset sectors as user adoption and regulatory fears surges. In a Sept 28 press release, the exchange body pointed out six recommendations for the sector and regulators to address user fears as some of their members adopt blockchain technology offering digital assets alongside their traditional counterpar...

Blog • 29 September 2023, Friday, 03:35

U.S. Democrat’s Bill Urges Exchanges to Share Off-Chain Crypto Transactions to Regulators

U.S. Democrat’s Bill Urges Exchanges to Share Off-Chain Crypto Transactions to Regulators U.S. Rep. Don Beyer, a Democrat serving the 8th District of Virginia, is pushing a bill that would establish centrally-accessible repositories for off-chain cryptocurrency transaction data.The bill, dated Sept. 27 – the Off-Chain Digital Commodity Transaction Reporting Act – urges crypto trading platforms to “report all transactions to a repository registered with the Commodity Futures Trading Commission (C...

Blog • 29 September 2023, Friday, 03:25

Coincrib: Paving the Way for the Future of E-commerce

Coincrib: Paving the Way for the Future of E-commerce Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.CoinCrib, a multivendor platform and a crypto trailblazer in the e-commerce space, announces an IDO of the $CRIB token starting on October 3, 2023, at 00:00 (CET). The Coincrib Platform offers an all-in-one solution that redefines the shopping experience by providing a crypto marketplace where buyers and sellers can engage in transactions seamle...

Blog • 29 September 2023, Friday, 02:50

Tottenham Hotspur Joins Premier League Wave in Issuing Fan Tokens via Chiliz Blockchain

Tottenham Hotspur Joins Premier League Wave in Issuing Fan Tokens via Chiliz Blockchain Tottenham Hotspur, a prominent English Premier League club, has taken a significant step into the realm of blockchain and fan interaction with the launch of their dedicated fan token, $SPURS, on the Chiliz Blockchain.The North London-based team, Spurs, will be issuing their fan token, $SPURS, through Socios.com, a fan engagement platform built on the Chiliz blockchain. Chiliz, distinguished by its robust secu...

Blog • 29 September 2023, Friday, 02:20

PayPal Deepens Crypto Footing With Layer-2 Solutions and NFT Patent Applications

PayPal Deepens Crypto Footing With Layer-2 Solutions and NFT Patent Applications PayPal has filed a series of patent applications that indicate the payments giant aims to research and build up across multiple domains within the cryptocurrency ecosystem.One of the latest patent applications, filed in March 2022 and made public on Thursday, delves into the selection process for validators or miners responsible for adding transactions to the blockchain. The document states that the company’s disclo...

Blog • 29 September 2023, Friday, 02:10

Russian Business Leaders Talk Up Prospects of a BRICS Digital Fiat

Russian Business Leaders Talk Up Prospects of a BRICS Digital Fiat Russian business leaders want to use “digital assets” and a “single digital currency” to trade with BRICS members and other “friendly” nations.Experts in Brazil have previously claimed that a BRICS digital fiat could launch within the next five to 10 years.”Per the media outlet Bankovskoye Obozrenie, members of the Russian Chamber of Commerce and Industry’s Council on Financial, Industrial, and Investment Policy have “repeatedly”...

Blog • 29 September 2023, Friday, 00:50

SEC Delays Decision on Bitcoin ETF Applications from BlackRock, Invesco and Bitwise

SEC Delays Decision on Bitcoin ETF Applications from BlackRock, Invesco and Bitwise The United States Securities and Exchange Commission (SEC) has once again postponed its decision on several proposals for spot Bitcoin exchange-traded funds (ETFs), including applications from financial giants BlackRock and Invesco, as well as the cryptocurrency-focused Bitwise. As per several filings on September 28, these delays have come earlier than expected, surprising many applicants who had been anticipat...

Blog • 28 September 2023, Thursday, 22:30

Could Immutable ($IMX), Borroe.Finance ($ROE), and Tron ($TRX) Ignite the Market This Winter?

Could Immutable ($IMX), Borroe.Finance ($ROE), and Tron ($TRX) Ignite the Market This Winter? Immutable has seen a rise in Web 3.0 gaming since the launch of its zkEVM. Yet, $IMX remains volatile. Elsewhere, Tron's USDT liquidity will soon be boosted by $1 billion. The excitement of that news is now reflected in the $TRX coin. Yet, more investor attention is going to Borroe.Finance ($ROE) - the fundraising platform focused on Web 3.0 services. Which of the above can join the best DeFi coins ...

Blog • 28 September 2023, Thursday, 21:15

China Uses Digital Yuan to Recycle Gold, Pay Land Registry Fees

China Uses Digital Yuan to Recycle Gold, Pay Land Registry Fees Chinese firms, banks, and city governments are using the digital yuan to recycle gold and pay land registry fees as CBDC adoption efforts continue.Per the fiance-focused media outlet JRJ, the Shenzhen Branch of the central People’s Bank of China (PBoC) has teamed up with the Shanghai Gold Exchange on the CBDC-powered gold recycling project.Also working on the project are the local government of Shenzhen’s Futian District and the She...

Blog • 28 September 2023, Thursday, 19:35

Is Frontier Going to Zero? FRONT Price Keeps Falling as New Crypto Trading Project Raises $1.75 Million

Is Frontier Going to Zero? FRONT Price Keeps Falling as New Crypto Trading Project Raises $1.75 Million The crypto known as FRONT's price has recently experienced a sharp retracement, halting its continued uptrend of the past two weeks.Frontier (FRONT) saw a significant 33.17% decline yesterday, which was further exacerbated by an additional nearly 20% drop today. However, a broader market uptrend has helped FRONT recover, and it's now trading at $0.4023, representing a slightly more mod...

Blog • 28 September 2023, Thursday, 19:05

A16z Crypto Adds IYK to Portfolio After $16.8 Million Investment in Web3 Startup

A16z Crypto Adds IYK to Portfolio After $16.8 Million Investment in Web3 Startup IYK, a Web3 startup that provides tools to Adidas, Billionaire Boys Club, and Atlantic Records as clientele, has secured a seed round raise worth over $16.8 million.Founder Ryan Ouyang shared this significant achievement on his official X (formerly Twitter) account, highlighting that the investment round was led by Web3 venture capital firm a16z Crypto, also known as Andreessen Horowitz.a16z Crypto contributed to th...

Blog • 28 September 2023, Thursday, 19:00

GBTC Price as Likelihood of Bitcoin ETF Grows Larger

GBTC Price as Likelihood of Bitcoin ETF Grows Larger The recent federal judge's rulings overturning the SEC's rejection of Grayscale's application to convert its Bitcoin Trust (GBTC) into an ETF have indeed increased the likelihood of a spot Bitcoin ETF approval by the SEC.The judge's decision highlighted the SEC's failure to provide a clear rationale for its rejection, signaling a potential shift in the regulatory stance.Many analysts and experts now believe that a spot Bitc...

Blog • 28 September 2023, Thursday, 17:55

VanEck Prepares to Launch Ethereum Strategy ETF in CBOE

VanEck Prepares to Launch Ethereum Strategy ETF in CBOE Popular investment management firm VanEck has announced its plans to roll out its Ethereum futures exchange-traded fund (ETF).As per the official press release issued earlier today, the fund, called the VanEck Ethereum Strategy ETF (EFUT), will primarily invest in standardized, cash-settled ETH futures contracts. These contracts are traded on commodity exchanges licensed with the Commodity Futures Trading Commission (CFTC).The fund will foc...

Blog • 28 September 2023, Thursday, 17:45

Ripple Backs Out of Fortress Trust Acquisiton, Citing Change in Strategy

Ripple Backs Out of Fortress Trust Acquisiton, Citing Change in Strategy In a surprising turn of events, Ripple CEO Brad Garlinghouse announced today that the financial technology firm will not proceed with its previously planned acquisition of Fortress Trust, a Nevada-licensed financial services provider. The decision comes just 20 days after the initial announcement of the acquisition.Ripple's sudden change of heart marks a notable shift in its expansion strategy, especially in the United ...

Blog • 28 September 2023, Thursday, 17:25

Valkyrie Investments Receives SEC Approval for First Ethereum Futures ETF

Valkyrie Investments Receives SEC Approval for First Ethereum Futures ETF Today, Nashville-based asset management firm Valkyrie Investments secured approval from the U.S. Securities and Exchange Commission (SEC) to launch the first-ever exchange-traded fund (ETF) for Ethereum futures. This could mark an important milestone for digital asset investment in the United States.The SEC's decision comes as the regulatory body is slowly opening up to the crypto market. In October 2021, the SEC allow...

Blog • 28 September 2023, Thursday, 17:15

Bitcoin Price Prediction as Trading Volume Grows 78% as Interest in Crypto Comes Back – Time to Buy?

Bitcoin Price Prediction as Trading Volume Grows 78% as Interest in Crypto Comes Back – Time to Buy? In recent days, the cryptocurrency market has witnessed a renewed interest, evidenced by a staggering 78% growth in trading volume. Central to this resurgence is Bitcoin, the foremost digital asset, which has experienced a dramatic surge, crossing the $27,000 mark — an ascent of nearly 4%. With such momentum, the pertinent question for many investors and enthusiasts alike is whether now presents ...

Blog • 28 September 2023, Thursday, 14:10

On-chain Expert Probes the Ethereum Foundation's Link to the Filecoin ICO

On-chain Expert Probes the Ethereum Foundation's Link to the Filecoin ICO An on-chain investigator, known as @BoringSleuth on X (formerly Twitter), has raised questions about the origin of the popular blockchain project Filecoin (FIL) and its initial coin offering (ICO). In a recent report shared on X, BoringSleuth detailed that they began their investigation by mapping out wallets associated with Filecoin and observed trends in funding transactions. "I was mapping out Wallets, starting wit...

Blog • 28 September 2023, Thursday, 13:05

Biggest Crypto Gainers Today on DEXTools – CAL, SPX6900, FINE

Biggest Crypto Gainers Today on DEXTools – CAL, SPX6900, FINE After tracking sideways over the weekend, Bitcoin fell to around $26,100 on Tuesday, down from approximately $26,450 on Monday.It found a base at $26,200 for much of Tuesday and Wednesday, before shooting back up to over $26,800 Wednesday evening. The rally was short-lived though, and the cryptocurrency quickly reversed to the $26,200 support once again.On Thursday, Bitcoin is staging a more sustained recovery, climbing steadily back ...

Blog • 28 September 2023, Thursday, 12:00

FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets

FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year. This comes ahead of the founder and CEO Sam Bankman-Fried's impending criminal trial set to begin next week.The FTX bankruptcy has been a complex affair, racking up over $200 million in legal fees. But in the over-the-counter markets, where bankruptcy...

Blog • 28 September 2023, Thursday, 10:45

Ethereum Developers Make Second Attempt to Launch Holesky Testnet After Previous Flop

Ethereum Developers Make Second Attempt to Launch Holesky Testnet After Previous Flop Ethereum developers have relaunched the Holesky test network after a previous attempt earlier this month failed.On Thursday, Ethereum devs relaunched Holesky in what appeared to be a successful process in the early hours of the livestream. A developer commented on the initial success recorded so far while another joked that there will not be a third build. “It looks like the launch is successful” “Not going to ...

Blog • 28 September 2023, Thursday, 09:30

Bitcoin Cash Price Prediction as BCH Gains 10% and Extends Bull Run – What's Going On?

Bitcoin Cash Price Prediction as BCH Gains 10% and Extends Bull Run – What's Going On? The Bitcoin Cash price has continued rising strongly today after beginning a surge yesterday, with its move to $235.39 representing a 1.5% gain in 24 hours and 12% rise in a week.It seems that whales have begun accumulating BCH following a period of relative stagnation and decline for the altcoin, the coin's trading volume rising from only $70 million over the weekend to nearly $500 million today.Its ...

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