Mining Blog & Mining News

Mining Blog & Mining News

Local US Bank Shut Down after CEO Lost Millions in Crypto Scam

Local US Bank Shut Down after CEO Lost Millions in Crypto Scam Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam. The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment, approached one of his wealthy clients with a peculiar request, according to a recent report from Bloomberg.Per the report, the banker asked the clie...
Local US Bank Shut Down after CEO Lost Millions in Crypto Scam

ChatGPT's Shocking Bitcoin Price Prediction And Why New Cryptocurrency Bitcoin Minetrix Can Explode

ChatGPT's Shocking Bitcoin Price Prediction And Why New Cryptocurrency Bitcoin Minetrix Can Explode ChatGPT has delivered a shocking verdict on the Bitcoin price as brittle volatility creeps back into the market, and high-yielding coin offerings like Bitcoin Minetrix begin to loom large as more attractive alternatives for crypto traders.Bitcoin jumped to $26,800 today, but no sooner had it reached those intraday heights than it had fallen down to Earth to trade back where it started the day...
ChatGPT's Shocking Bitcoin Price Prediction And Why New Cryptocurrency Bitcoin Minetrix Can Explode

Chainlink’s Cross Chain Protocol Goes Live On Base: Here’s The Latest

Chainlink’s Cross Chain Protocol Goes Live On Base: Here’s The Latest Blockchain oracle network Chainlink has integrated its Cross-Chain Interoperability Protocol (CCIP) on the Coinbase layer 2 network, Base.According to a Sept 27 press release, the cross-chain interoperability protocol is now live on Base giving the network’s developers access to the whole structure for building web3 products and services.With the integration, creators can utilize smart contracts to build decentralized applicat...
Chainlink’s Cross Chain Protocol Goes Live On Base: Here’s The Latest

ThunderCore Pumps 14% But Is This Crypto AI Project the One to Watch?

ThunderCore Pumps 14% But Is This Crypto AI Project the One to Watch? ThunderCore has seen a remarkable 14% surge, capturing significant attention in the crypto community. However, amidst the buzz surrounding this ascent, there's another contender quietly making waves: the crypto AI project, LPX. With a unique value proposition and cutting-edge technology, many are speculating if LPX could be the next big thing to watch in the digital currency realm. First, let's examine ThunderCore'...
ThunderCore Pumps 14% But Is This Crypto AI Project the One to Watch?

Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption

Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption The state of Sarawak in Malaysia has been prone to crypto mining rigs, many of which operate illegally.Sarawak Energy, the state-owned electric utility firm, announced today that it has identified two illegal crypto mining sites, which caused recurrent power disruption in a few areas of the state.The firm is investigating the mining operators, which has established operations in two residential a...
Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption

Is Pepe Coin Price Going to Zero As New Cryptocurrency Meme Kombat Attracts Traders And Hits $100,000?

Is Pepe Coin Price Going to Zero As New Cryptocurrency Meme Kombat Attracts Traders And Hits $100,000? All the rage a few months ago, Pepe is way off its highs, and its price could be going to zero, which has traders knocking down the door to get a piece of the action on new cryptocurrency Meme Kombat.Impressively, the latest new meme coin on the block has raised $103,000 in the past couple of days, so it is already a tenth of the way toward its initial $1 million target.Meme Kombat ($MK) might ...
Is Pepe Coin Price Going to Zero As New Cryptocurrency Meme Kombat Attracts Traders And Hits $100,000?

MATIC Holds Still Above $0.50 As Renewed Chain Activity Attracts Bulls

MATIC Holds Still Above $0.50 As Renewed Chain Activity Attracts Bulls Polygon (MATIC) has maintained its stance above $0.50 despite recent bearish pressure which some observers suggest could see the token fall below the support level. At press time MATIC trades at $0.51 after recovering a slight decline below $0.50 this month. Despite this, MATIC holders have transferred their tokens to exchanges without signs of a change in the future.The Ethereum layer 2 network has had a slow year trading si...
MATIC Holds Still Above $0.50 As Renewed Chain Activity Attracts Bulls

Binance Market Share Continues to Fall As Crypto Giant Loses Ground to Rivals

Binance Market Share Continues to Fall As Crypto Giant Loses Ground to Rivals Binance, the world's largest cryptocurrency exchange, has seen a sharp drop in market share among non-dollar crypto exchanges.According to data by The Block, Binance's market share among a group of exchanges that includes major Asian players like Upbit, Huobi, Bybit, and OKX hit 54% in August and is projected to further drop to under 51% in September.This comes as the exchange had a 75% market share among these...
Binance Market Share Continues to Fall As Crypto Giant Loses Ground to Rivals

Moonbeam Coin Soars 17%. Are the Whales Getting in or is This Online Gambling Token a Safer Investment?

Moonbeam Coin Soars 17%. Are the Whales Getting in or is This Online Gambling Token a Safer Investment? Leading multichain project Moonbeam (GLMR) has pumped +17% as crypto markets brace for an upcoming incentive program expected to propel Polkadot network activity to new heights.The ERC-20-compatible Polkadot smart contract parachain has seen impressive growth in recent weeks, surging to become the most active parachain in the Polkadot ecosystem with more than 60k monthly active users.This come...
Moonbeam Coin Soars 17%. Are the Whales Getting in or is This Online Gambling Token a Safer Investment?

Bitcoin Mining Sets the Bar for Sustainability: Over 50% Powered by Clean Energy Sources

Bitcoin Mining Sets the Bar for Sustainability: Over 50% Powered by Clean Energy Sources New data released today by Daniel Batten, the co-founder of CH4Capital, revealed that Bitcoin mining is now leading as the most sustainably-powered global industry, with over half of its energy consumption coming from renewable sources. This development is contrary to widespread criticism that has often labeled the sector as energy-intensive and environmentally damaging. However, the real picture is more nua...
Bitcoin Mining Sets the Bar for Sustainability: Over 50% Powered by Clean Energy Sources

How to Buy Bitcoin Minetrix ($BTCMTX) - Easy Guide

How to Buy Bitcoin Minetrix ($BTCMTX) - Easy Guide Bitcoin Minetrix ($BTCMTX) is a high-potential new crypto presale and the very first stake-to-mine project to come to market.Having already raised more than $100,000 in its presale, Bitcoin Minetrix allows investors to stake tokens for large annual percentage yields (APY) as well as take part in cloud mining for BTC rewards.Unlike other cloud mining projects, however, Bitcoin Minetrix has a very low barrier for entry - $10 - and heightened secur...
How to Buy Bitcoin Minetrix ($BTCMTX) - Easy Guide

Fraudster Faces 12-year Jail Sentence for $100M Crypto Ponzi Scheme

Fraudster Faces 12-year Jail Sentence for $100M Crypto Ponzi Scheme Pablo Renato Rodriguez, co-founder of the major crypto-based pyramid scheme AirBit Club, has been sentenced to 12 years in prison by US District Judge George B. Daniels.Rodriguez and his co-conspirators, including Gutemberg Dos Santos, orchestrated the AirBit Club scheme, which lured unsuspecting investors with promises of guaranteed profits through cryptocurrency mining and trading, the US Attorney’s Office for the Southern Dis...
Fraudster Faces 12-year Jail Sentence for $100M Crypto Ponzi Scheme

Wall Street Memes Price Pumps 106%, Soars Into Top 10 Meme Coins Whilst Pepe and Shiba Inu Slide

Wall Street Memes Price Pumps 106%, Soars Into Top 10 Meme Coins Whilst Pepe and Shiba Inu Slide Just 24 hours after listing on top-tier centralized exchanges OKX and Huobi, Wall Street Memes ($WSM) has soared into the ranks of the top meme coins.$WSM was available in presale for as low as $0.025 and is now trading at $0.040 for a gain of 60% – on OKX the price gained 106%. Trading volume in the past 24 hours has surged to $45 million, and the coin now has a market capitalization of $78 million....
Wall Street Memes Price Pumps 106%, Soars Into Top 10 Meme Coins Whilst Pepe and Shiba Inu Slide

Mixin Network Proposes $20 Million Bug Bounty to Hacker in $200 Million Security Breach

Mixin Network Proposes $20 Million Bug Bounty to Hacker in $200 Million Security Breach Mixin Network, the Beleaguered cross-chain transactional network for digital assets, which suffered an attack on Sept. 23 wiping $200 million, has offered a bug bounty to the exploiter on Wednesday.“Most of our platform assets were users’, and we hope you can refund them. You can keep $20M of the assets as a BUG Bunty Reward for the BUG,” the company said in a note to the exploiter on Etherscan.The Hong Kong-...
Mixin Network Proposes $20 Million Bug Bounty to Hacker in $200 Million Security Breach

Texas State Dominates in Bitcoin Mining, Hosts 28.5% of US’s Hashrate: Report

Texas State Dominates in Bitcoin Mining, Hosts 28.5% of US’s Hashrate: Report The U.S. state of Texas has become a hotbed for cryptocurrency mining, making up 28.50% of the hashrate in the U.S. as of July 2023.According to data from Foundry, the largest mining pool in North America and the fifth-largest globally, Texas has positioned itself as the “crypto capital” in the U.S., as the country leads in terms of its share of the collective hashrate of the Bitcoin (BTC) network.“Texas made up 8.43% ...
Texas State Dominates in Bitcoin Mining, Hosts 28.5% of US’s Hashrate: Report

Dogecoin Price Prediction: DOGE Holds at $0.06 – Is a New Bull Run Starting?

Dogecoin Price Prediction: DOGE Holds at $0.06 – Is a New Bull Run Starting? The Dogecoin price has jumped by 0.5% in the past hour, with the meme token rising to $0.060839, where it marks a 0% gain in the past 24 hours.Despite its gain, DOGE remains down by 2.5% in a week and by the same percentage in the last 30 days, with the coin also having declined by 13.5% since the beginning of the year.Given that many major tokens (e.g. BTC, ETH, XRP, SOL) have actually risen since January, this counts ...
Dogecoin Price Prediction: DOGE Holds at $0.06 – Is a New Bull Run Starting?

TG Casino Token Price Prediction 2023 - 2030

TG Casino Token Price Prediction 2023 - 2030 TG Casino ($TGC) is a new crypto casino offering a convenient and anonymous gambling experience directly from the Telegram social media application. Telegram has over one billion users, and the crypto casino industry is booming. These factors point to significant potential for the project.So far, the presale has raised over $200K after launching just days ago. As such, we expect a quick sell-out, leaving many investors sidelined. This TG Casino price ...
TG Casino Token Price Prediction 2023 - 2030

SDX Welcomes 6th Exchange To The Fold

SDX Welcomes 6th Exchange To The Fold Hypothekarbank Lenzburg, a prominent regional Swiss bank with assets exceeding $7 billion, has joined the Six Digital Exchange (SDX), becoming the sixth Swiss bank to do so. In a Wednesday press release, SDX said it welcomes Hypothekarbank Lenzburg as a new member of its central securities depository (CSD).SDX is operated by Six Group, headquartered in Zurich, and includes other renowned Swiss banks such as Berner Kantonalbank, Credit Suisse, Kaiser Partner ...
SDX Welcomes 6th Exchange To The Fold

Belgian Market Maker KeyRock Acquires Swiss Anti-Money Laundering Approval

Belgian Market Maker KeyRock Acquires Swiss Anti-Money Laundering Approval KeyRock, the Belgian crypto market marker, has successfully gotten clearance from the Swiss Financial Services Standards Association (VQF). On September 26, Keyrock successfully obtained approval from the VQF, a recognized financial standards organization sanctioned by Swiss regulatory authorities for overseeing compliance with anti-money laundering (AML) standards.This endorsement comes after Keyrock demonstrated its adh...
Belgian Market Maker KeyRock Acquires Swiss Anti-Money Laundering Approval

SPX6900 Surges 20% While New Meme Coin Could Match Pepe Coin’s Pump

SPX6900 Surges 20% While New Meme Coin Could Match Pepe Coin’s Pump As on-chain activity continues to fuel the bulk of ongoing crypto market volatility, SPX6900 token (SPX) has shot up +20%, surging to hit hot #8 on DEX tools, amid a broader intra-day squeeze in the SPX index.This comes at a time where the leading TradFi market index faces a great deal of risk and uncertainty; with price struggling to push up against a backdrop of recession fears, earnings woes, and a cumbersome Federal Reserve ...
SPX6900 Surges 20% While New Meme Coin Could Match Pepe Coin’s Pump

Terra Classic Price Prediction: LUNC Gains 1% – Can LUNC Challenge September High?

Terra Classic Price Prediction: LUNC Gains 1% – Can LUNC Challenge September High? The Terra Luna Classic price has risen by 1% in the past 24 hours, with its move to $0.00006116 also marking 6.5% gain in the past week.LUNC has been performing well ever since the acceptance of two potentially significant governance proposals, which respectively call for the cessation of new USTC mints and also the burning of the Terra Luna Classic stablecoin.This development has provided some welcome relief for ...
Terra Classic Price Prediction: LUNC Gains 1% – Can LUNC Challenge September High?

BTC Ordinals Craze Puts Miners in Dilemma: Glassnode

BTC Ordinals Craze Puts Miners in Dilemma: Glassnode A new Glassnode report says that Bitcoin (BTC) Ordinals are not displacing monetary transfers despite concerns of network clogging.In a Sept 25 release, on-chain analytics firm Glassnode explained the role of BTC inscriptions on the network, their impact in competition with other transactions, and how they shape the mining industry.According to the report, there is minimal evidence that Ordinals are displacing high-value transactions as many c...
BTC Ordinals Craze Puts Miners in Dilemma: Glassnode

Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin

Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin Beosin EagleEye platform, a subsidiary of Beosin, a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter of 2023. Breaking down the losses, it was revealed that 43 separate hacker attacks led to a cumulative loss of around $540 million, while phishing scams resulted in an approximate loss of $66.15...
Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin

Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case

Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case Prominent media outlets, including Bloomberg, Dow Jones & Company, The New York Times, and The Financial Times, have raised objections to a joint motion by the debtors and the Official Committee of Unsecured Creditors asking for further data redactions in FTX bankruptcy case. The motion sought authorization to extend the redaction of confidential customer information for an additional 90 days, covering the na...
Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case

Bitcoin Price Prediction: BTC Down 3% Amid SEC ETF Delays, US Lawmakers' Advocacy, & Rate Hike Impacts

Bitcoin Price Prediction: BTC Down 3% Amid SEC ETF Delays, US Lawmakers' Advocacy, & Rate Hike Impacts Bitcoin, the world's most valuable cryptocurrency, was trading below $27,000 early on Wednesday, showing a nearly 0.50% decrease in price to $26,220. The overall crypto market cap was at $1.05 trillion, indicating a 0.46% decrease over the past 24 hours. The poor performance of Bitcoin and Ethereum contributed to losses across the entire market.Bitcoin's recent losses are due t...
Bitcoin Price Prediction: BTC Down 3% Amid SEC ETF Delays, US Lawmakers' Advocacy, & Rate Hike Impacts

S Korean Crypto Exchange Exec Jailed for Coin Price Manipulation

S Korean Crypto Exchange Exec Jailed for Coin Price Manipulation A South Korean court has jailed a former senior executive of the crypto trading platform Coinone for taking bribes in exchange for listing altcoins.The Seoul Southern District Court sentenced an individual surnamed Jeon (age 41) to four years in prison, Newsis reported.Jeon was the former general director of coin listings at Coinone, one of South Korea’s so-called big four crypto exchange platforms.Another individual, surnamed Kim ...
S Korean Crypto Exchange Exec Jailed for Coin Price Manipulation

US SEC Delays Decision on ARK 21Shares Bitcoin ETF Until Next Year

US SEC Delays Decision on ARK 21Shares Bitcoin ETF Until Next Year The U.S. Securities and Exchange Commission (SEC) has once again announced a delay in its decision regarding the proposed ARK 21Shares spot Bitcoin ETF, pushing the deadline into the next year with a new date set for January 10th. This announcement of delay came just hours after a request by a bipartisan group of lawmakers, who had urged SEC Chair Gary Gensler to fasttrack the approval of a spot Bitcoin exchange-traded fund (ETF)...
US SEC Delays Decision on ARK 21Shares Bitcoin ETF Until Next Year

Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530%

Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530% Popular NFT collection Pudgy Penguins has launched its Pudgy Toys collection in 2,000 Walmart stores across the United States. The toys, which have been available online since May, are expected to see a significant boost in exposure with their presence in Walmart.Each Pudgy Toy will come with a unique birth certificate that enables owners to claim exclusive traits for their digital 'Forever Pudgy' cha...
Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530%

Taiwan Implements Stricter Regulations, Bans Unregistered Foreign Crypto Exchanges from Operating

Taiwan Implements Stricter Regulations, Bans Unregistered Foreign Crypto Exchanges from Operating Today, on September 26, Taiwan's financial regulator, the Financial Supervisory Commission (FSC), unveiled new guidelines for Virtual Asset Service Providers (VASPs) aimed at enhancing the protection of cryptocurrency users in the country.In March, the FSC confirmed its position to closely regulate the cryptocurrency exchange sector to safeguard users within the state. Since then, it had worked ...
Taiwan Implements Stricter Regulations, Bans Unregistered Foreign Crypto Exchanges from Operating

Argentinian Oil Producer Will Mine Crypto with Associated Gas

Argentinian Oil Producer Will Mine Crypto with Associated Gas Tecpetrol, a major Argentinian oil producer, has announced plans to mine crypto using associated gas.The Buenos Aires-based firm explores and produces oil and gas in Argentina, as well as other LATAM countries like Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia.And per Rio Negro, the firm plans to use associated gas in its oil fields near Vaca Muerta to generate electricity, which it will then use to power miners’ rigs.The fi...
Argentinian Oil Producer Will Mine Crypto with Associated Gas
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