Mining Blog & Mining News

Blog • 13 November 2023, Monday, 06:00

Solana Price Prediction as SOL Gains 150% in 30 Days – Time for a Pullback?

Solana Price Prediction as SOL Gains 150% in 30 Days – Time for a Pullback? The Solana price has dipped by 1% in the past 24 hours, with its fall to $58.69 paring down some of the huge gains the altcoin has made in the past few weeks. Yet despite today’s slip, SOL remains up by a market-leading 46% in a week and by a whopping 165% in the last 30 days, making it the best-performing top-100 coin over this latter period. And given that it has recovered by more than 480% since the start of the year,...

Blog • 13 November 2023, Monday, 04:00

Bithumb Plans IPO In Korea, Eyes Top Spot in Local Market

Bithumb Plans IPO In Korea, Eyes Top Spot in Local Market Cryptocurrency exchange, Bithumb is keen on becoming the first industry-related company to get listed on the Korean Securities Dealers Automated Quotations (KOSDAQ). According to reports from local news outlet Edaily, the exchange has made concrete plans including hiring staff and onboarding traditional firms to facilitate the public listing in the market. Sources familiar with developments say the company targets 2025 as the expected yea...

Blog • 13 November 2023, Monday, 02:00

Binance Client Execs Abducted and Forced to Empty Crypto Wallets, CZ Freezes Funds

Binance Client Execs Abducted and Forced to Empty Crypto Wallets, CZ Freezes Funds Executives from a client company of Binance were kidnapped to Montenegro and lured into a massive $12.5 million crypto robbery. According to Changpeng Zhao (CZ), CEO of Binance, the kidnappers lured senior staff from one of Binance’s client companies onto a ‘business trip’ to Montenegro. They were later forced to empty their crypto wallets, draining $12.5 million in total. In a swift response, CZ said on X (Twitte...

Blog • 13 November 2023, Monday, 00:00

Chinese Newlyweds to Scoop Digital Yuan Giveaways

Chinese Newlyweds to Scoop Digital Yuan Giveaways Chinese newly married couples stand to receive up to $715 worth of digital yuan tokens, discount vouchers, and coupons for tying the knot. Per the People’s Daily and an explanatory post uploaded to Banibao, the incentive is the brainchild of Shenzhen’s Yantian District, which will run the campaign from November 11 to the end of the year. Couples registering their marriages in the district in this period can register their eligibility via the “Lov...

Blog • 12 November 2023, Sunday, 20:00

‘Suspected Crypto Fraudster’ Joined South Korean President’s State Visit to Saudi

‘Suspected Crypto Fraudster’ Joined South Korean President’s State Visit to Saudi A suspected crypto fraudster accompanied South Korean President Yoon Seok-yeol on a state visit to Saudi Arabia last month. Per iNews24, media outlets in the country have discovered that the head of an unnamed crypto firm made up part of an “economic delegation” that traveled with Yoon in late October. Yoon discussed cooperation between the two nations, and was accompanied by a group of businesspeople reportedly se...

Blog • 12 November 2023, Sunday, 16:00

Bitcoin Price Prediction as BTC Experiences a Pullback to $37,000 – Time to Buy the Dip?

Bitcoin Price Prediction as BTC Experiences a Pullback to $37,000 – Time to Buy the Dip? After briefly dipping below the $37,000 level late on Saturday, the price of Bitcoin (BTC) has recovered back into the low $37,000s, where it continues to trade around 2% lower versus the 18-month highs it hit earlier in the week near $38,000. Despite the pullback, Bitcoin remains on course to close out the week with solid gains in the region of 6%. The cryptocurrency, which saw its market capitalization sur...

Blog • 12 November 2023, Sunday, 14:00

Dogecoin Price Prediction as DOGE Spikes Up 11% – $1 DOGE Coming Soon?

Dogecoin Price Prediction as DOGE Spikes Up 11% – $1 DOGE Coming Soon? Dogecoin (DOGE) is consolidating after hitting its highest level since July on Saturday above $0.08. As per CoinMarketCap, the cryptocurrency is up around 11% in the last seven days. DOGE was last changing hands around $0.0775, but bulls remain confident that a near-term pump towards yearly highs above $0.010 could be on the cards in wake of the cryptocurrency’s recent strong bounce from its 200DMA at $0.068. Of course, a str...

Blog • 12 November 2023, Sunday, 02:00

Beyond Memes: How Chimpzee Redefines Giving and Passive Earning with Web3

Beyond Memes: How Chimpzee Redefines Giving and Passive Earning with Web3 Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Chimpzee ($CHMPZ) is redefining giving and passive earnings in the Web3 space after already contributing to charitable organizations making a difference in helping fight deforestation and protecting endangered animals. The project has already raised over $1.98 million in fundraising as investors rush to this passive income ...

Blog • 11 November 2023, Saturday, 16:00

Solana Price Prediction as SOL Blasts Through Resistance at $47.50 – $100 SOL Incoming?

Solana Price Prediction as SOL Blasts Through Resistance at $47.50 – $100 SOL Incoming? The price of Solana (SOL), the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer 1 blockchain protocol, continues to melt higher on Saturday, taking its rally since the start of the week 44% as the price tests $60. SOL/USD was last changing hands around $59.5, up around 5% on the day, though the cryptocurrency has pulled back around 7% from earlier session highs in the $64 a...

Blog • 11 November 2023, Saturday, 14:00

Bitcoin Price Prediction as $20 Billion Sends BTC Toward $40,000 – Has the Bull Market Started?

Bitcoin Price Prediction as $20 Billion Sends BTC Toward $40,000 – Has the Bull Market Started? The Bitcoin (BTC) bulls are taking a breather on Saturday, with the cryptocurrency moving sideways just below the yearly highs it printed earlier this year near $38,000, with BTC last changing hands for around $37,150. The cryptocurrency remains on course to post a strong weekly gain of around 6% as traders digest various bullish narratives like optimism about upcoming spot Bitcoin ETF approvals in th...

Blog • 10 November 2023, Friday, 22:00

Best Crypto to Buy Now November 10 – Lido DAO, Ethereum Classic, Immutable

Best Crypto to Buy Now November 10 – Lido DAO, Ethereum Classic, Immutable Lido DAO’s LDO price has jumped over 22% in the past week, positioning it as potentially one of the best crypto to buy now. Likewise, Ethereum Classic’s ETC price also jumped 12% at yesterday’s close to reach a new multi-month high, exhibiting similarly strong upside price momentum. In related news, Immutable gained widespread attention after unveiling a collaboration with leading game publisher Ubisoft to pursue blockcha...

Blog • 10 November 2023, Friday, 20:00

Voltix Momentum Review – Scam or Legitimate Trading Software

Voltix Momentum Review – Scam or Legitimate Trading Software Promising to get traders ahead of the pack, Voltix Momentum positions itself as a crypto trading platform with a unique bouquet of facilities that include real-time analytics, strategic trading, and robust security measures. Per the website, these facilities are supported by a user-centric design suitable for all traders. But how true are the claims about these modern trading tools? That’s what we take a critical look at in this Volti...

Blog • 10 November 2023, Friday, 18:00

Bitcoin Price Prediction as BTC Market Cap Climbs Above $700 Billion for the First Time in 17 Months – Bull Market Back?

Bitcoin Price Prediction as BTC Market Cap Climbs Above $700 Billion for the First Time in 17 Months – Bull Market Back? A near 8% surge in the price of Bitcoin (BTC) in the past seven days has seen its market capitalization jump by more than $50 billion to above $700 billion for the first time in seventeen months. The cryptocurrency’s market cap was last around $729 billion, corresponding to a BTC price of around $37,300, its highest level since prior to the collapse of the Terra blockchain in ...

Blog • 10 November 2023, Friday, 16:00

China Criminalizes Stealing NFTs and Digital Collections

China Criminalizes Stealing NFTs and Digital Collections The Chinese government has released a statement declaring that anyone caught stealing digital collections, which include digital collectibles such as NFTs, will be subject to criminal penalties. The statement added that the theft of digital collections would also be evaluated alongside other related offenses committed during the theft, including hacking into computer systems and data theft. The new regulations issued yesterday confirm that...

Blog • 10 November 2023, Friday, 14:00

Roblox CEO “Dreams” of Adding Cross-platform NFTs As Part of Open Ecosystem

Roblox CEO “Dreams” of Adding Cross-platform NFTs As Part of Open Ecosystem Popular gaming platform Roblox could look to add cross-platform NFTs in-game, founder and CEO David Baszucki said. In an interview with CNBC, Baszucki said that adding cross-platform NFTs in Roblox was “a bit of a dream here.” “I want to highlight there’s a bit of a dream here about objects and NFTs moving from platform to platform,” Baszucki said. Baszucki provided a hypothetical example of a famous celebrity such as mu...

Blog • 10 November 2023, Friday, 12:00

Polygon Labs Launches $90 Million Fund to Fuel Ecosystem Growth

Polygon Labs Launches $90 Million Fund to Fuel Ecosystem Growth Polygon’s development team Polygon Labs is reigniting network growth through a relaunched grant program featuring over $90 million in funding for aspiring Web3 founders. Per a blog post from the company on Thursday, the “Polygon Village 2.0” grant program will offer startups a share of 110 million MATIC tokens, alongside strategic support, mentorship, and introductions to venture capital. As of Friday, MATIC traded for $0.83 apiece....

Blog • 10 November 2023, Friday, 10:00

Today in Crypto: Mining BTC For Free, Bitdeer is Preferred CSP in NVIDIA Partner Network, Gucci in The Sandbox

Today in Crypto: Mining BTC For Free, Bitdeer is Preferred CSP in NVIDIA Partner Network, Gucci in The Sandbox Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. _ Mining news A public mining company mined bitcoin for free in Q3, according to the latest Miner Weekly report by BlocksBridge Consulting. It said that Riot Platforms reported a negative $6.1k cost for mining bitcoin (BTC) due to the power curtailm...

Blog • 10 November 2023, Friday, 09:00

Is ApeCoin Going to Zero? APE Price Tumbles 10% in 1 Hour as Hot New Mining Coin Rakes in $3.7 Million

Is ApeCoin Going to Zero? APE Price Tumbles 10% in 1 Hour as Hot New Mining Coin Rakes in $3.7 Million Apecoin (APE) has tumbled -10% in a breakdown move, leaving Apecoin bag-holders dejected with APE price action asking ‘is ApeCoin Going to Zero?’. This comes following a brief resurgence for the leading NFT governance token, as price took a fleeting +46% rally from rock-bottom levels over the past few weeks. Downside price action appears to have been triggered by a sudden downtick in Bored Ape...

Blog • 10 November 2023, Friday, 07:00

Will GTA 6 Incorporate an In-Game Cryptocurrency? Lawyer Shares Insights

Will GTA 6 Incorporate an In-Game Cryptocurrency? Lawyer Shares Insights The highly anticipated Grand Theft Auto (GTA) VI is coming – but will it come with an in-game cryptocurrency? A lawyer has suggested that perhaps not. Yet. The fifth installment of GTA was launched in September 2013. Rockstar Games, GTA’s developer, said just days ago that it will finally release the reveal trailer for the next installment this December. We are very excited to let you know that in early December, we will re...

Blog • 10 November 2023, Friday, 05:00

South Korea Joins Global Community for Crypto Asset Reporting Framework Push

South Korea Joins Global Community for Crypto Asset Reporting Framework Push South Korea has joined a group of 48 nations, calling for the promotion of an international framework for cryptocurrency reporting. In a significant move, South Korea confirmed its engagement on Friday to implement the international reporting framework on digital assets. The Crypto-Asset Reporting Framework (CARF) debuted in August 2022, following approval from the Organization for Economic Cooperation and Development (...

Blog • 10 November 2023, Friday, 03:00

Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community”

Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community” United States federal prosecutors have halted the bail of SafeMoon’s CEO Braden John Karony after they challenged the previous order citing a danger to the community and a potential flight risk. Court filings show New York District Judge LaShann DeArcy Hall has paused Karony’s bail previously ordered by a Utah Magistrates the previous day. Judge Daphne Oberg, had initially given an order setting the bail sum at ...

Blog • 10 November 2023, Friday, 01:00

US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding

US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days. According to the U.S. Deputy Treasury Secretary Wally Adeyemo, more actions will be taken in the coming days and weeks to cut funding channels to Hamas, Reuters reported. Earlier, US Senator Elizabeth Warren had cited a WSJ report to call for a crackdown on crypto funding to Hamas. The conten...

Blog • 09 November 2023, Thursday, 23:00

UBS Allows Crypto ETF Trading for Select Hong Kong Clients

UBS Allows Crypto ETF Trading for Select Hong Kong Clients UBS Group AG has joined rivals such as HSBC Holdings Plc, in extending an invitation to select clients in Hong Kong to trade specific crypto-linked exchange-traded funds (ETFs). The decision aligns with Hong Kong’s recent efforts to establish itself as a digital-asset hub, with the Securities and Futures Commission (SFC) authorizing three crypto ETFs for accessibility on UBS’s Hong Kong platform. UBS Clients Can Trade SFC-Authorized Cryp...

Blog • 09 November 2023, Thursday, 21:00

Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation

Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation The head of Dunamu, operator of South Korea’s market-leading Upbit crypto exchange, has been found not guilty of manipulating platform data. Per Chosun Ilbo, the nation’s Supreme Court acquitted the Dunamu Chairman Song Chi-hyung, of fraud charges under the Aggravated Punishment Act for Specific Economic Crimes. Prosecutors alleged Song and a group of executives with Chairman Song with manipulating order volumes by c...

Blog • 09 November 2023, Thursday, 17:00

Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round

Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi), Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition. We're excited to share that we have made a follow-on investment in @pendle_fi through an OTC purchase. We recognize the transformative potential of Pendle and their pivotal role in driving the advancement of on-c...

Blog • 09 November 2023, Thursday, 15:00

BIS Research Report: Stablecoins Not Secure as Store of Value

BIS Research Report: Stablecoins Not Secure as Store of Value Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able to maintain their peg ratio only 94% of the time, falling short of the 100% assurance often promised in project white papers. Crypto-backed stablecoins and commodity-backed stablec...

Blog • 09 November 2023, Thursday, 13:00

Standard Chartered and SBI Holdings Collaborate on $100 Million Crypto Investment Venture

Standard Chartered and SBI Holdings Collaborate on $100 Million Crypto Investment Venture SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups. In a statement released on Thursday, the two companies announced the launch of their Digital Asset Joint Venture. The Venture will focus on investing in companies across the digital assets spectrum including market infrastructure,...

Blog • 09 November 2023, Thursday, 11:00

MELB: The Community-Powered Gem of Minelab’s AI-Driven Cryptocurrency Mining

MELB: The Community-Powered Gem of Minelab’s AI-Driven Cryptocurrency Mining Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. MELB Token Marks a New Era in Cryptocurrency with Minelab’s AI-Powered Mining Expertise In the cryptocurrency world where innovation and community engagement are key, MELB emerges as a shining example. Born out of the success of Minelab.bz, a leading AI-based cryptocurrency mining company, MELB is not just a token; it’s ...

Blog • 09 November 2023, Thursday, 10:00

Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On?

Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On? In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year. The MuesliSwap team has reportedly told CoinDesk they are set to open a claims window for users to request refunds for user losses incurred due to sli...

Blog • 09 November 2023, Thursday, 08:00

XRP Price Prediction as $1.7 Billion Flows into XRP – Are Investors Bullish?

XRP Price Prediction as $1.7 Billion Flows into XRP – Are Investors Bullish? At $0.692656, XRP is still up by 12% in the past week and by 39% in the last 30 days, with the altcoin having risen by an impressive 100% since the beginning of the year. And with the wider market rallying and XRP’s trading volume high at $1.7 billion, the cryptocurrency could easily make further gains in the coming days and weeks. XRP Price Prediction as $1.7 Billion Flows into XRP – Are Investors Bullish? XRP’s chart...

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