Mining Blog & Mining News

Mining Blog & Mining News

US Fed Reserve Banks State Stablecoins Could Inject Instability in Economy

US Fed Reserve Banks State Stablecoins Could Inject Instability in Economy The United States Federal Reserve Banks of Boston and New York have published a data-driven report that delves into the potential impact of stablecoins on the broader economic landscape.In the 49-page report titled "Runs and Flights to Safety: Are Stablecoins the New Money Market," stablecoins are likened to certain traditional finance vehicles, notably money market funds (MMFs). The comprehensive report also highlighted ...
US Fed Reserve Banks State Stablecoins Could Inject Instability in Economy

Bitcoin Price Prediction: BTC Up 0.6% – Is the Bull Market Back?

Bitcoin Price Prediction: BTC Up 0.6% – Is the Bull Market Back? The flagship cryptocurrency, Bitcoin, has sparked renewed interest among investors and enthusiasts as its price increases. With today's live Bitcoin price standing at $26,203 and a 24-hour trading volume reaching a staggering $10 billion, the digital asset has seen a near 0.50% surge in the past day. As it continues to dominate the CoinMarketCap rankings at #1, its current market capitalization hovers around $510 billion. Given...
Bitcoin Price Prediction: BTC Up 0.6% – Is the Bull Market Back?

Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure - Here's What You Need to Know

Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure - Here's What You Need to Know Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023. This move comes in response to stipulations put in place by the De Nederlandsche Bank (DNB), the Dutch central bank. The announcement adds to a series of operational ...
Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure - Here's What You Need to Know

Best Crypto to Buy Now September 26 – Frax Share, 1Inch, Bitcoin Cash

Best Crypto to Buy Now September 26 – Frax Share, 1Inch, Bitcoin Cash Popular cryptocurrency influencer Ben Armstrong was arrested late Monday night following an alleged confrontation with a former business partner before being released on bail earlier today.While crypto influencer Ben Armstrong's arrest may have captured attention, it hasn't curbed the ongoing pursuit of the best crypto to buy now.The records from the Gwinnett County Sheriff's Department show that Benjamin Charles A...
Best Crypto to Buy Now September 26 – Frax Share, 1Inch, Bitcoin Cash

OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking

OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking In a new round of sanctions, the US Department of Treasury's Office of Foreign Assets Control (OFAC) has added ten more individuals to its blackbook. According to a September 26 press release, the US government agency disclosed that many of these individuals were affiliated with an international drug trafficking organization run by the Sinaloa Cartel and other narco traffickers.Making a surprise appearance on the newl...
OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking

Three Reasons Why Bitcoin (BTC) Could Be About to Fall Back to $20,000

Three Reasons Why Bitcoin (BTC) Could Be About to Fall Back to $20,000 Despite sharp downside in the US stock market on Tuesday amid a fresh push higher in long-dated US yields to new multi-decade highs as traders pricing in a policy of higher interest rates for longer from the US Federal Reserve, Bitcoin (BTC) continues to hold up relatively well.It was last trading in the $26,200s, more than 17% down from the yearly highs it set in July above $31,800.However, the BTC price remains more than 5%...
Three Reasons Why Bitcoin (BTC) Could Be About to Fall Back to $20,000

Biggest Crypto Gainers Today on DEXTools – POFI, HarryPotterObamaPacMan8Inu, ZKLAB

Biggest Crypto Gainers Today on DEXTools – POFI, HarryPotterObamaPacMan8Inu, ZKLAB Blue chip cryptocurrency markets are slightly in the red on Tuesday, but for the most part are holding up pretty well within recent ranges, despite longer-dated US yields pushing to new multi-decade highs.Bitcoin (BTC) was last changing hands in the low $26,000s, whilst Ether (ETH) was trading just to the south of $1,600, both below their 21-day Moving Averages, a warning sign for the near-term price outlook.Both ...
Biggest Crypto Gainers Today on DEXTools – POFI, HarryPotterObamaPacMan8Inu, ZKLAB

HTX Hacker Makes Off With $8 Million

HTX Hacker Makes Off With $8 Million Crypto exchange HTX experienced a security breach over the weekend that resulted in the loss of $8 million worth of crypto assets.In a recent post on X (formerly Twitter), HTX stakeholder Justin Sun confirmed the news, detailing that the hacker managed to steal 5,000 ETH (worth around $8 million) from the exchange. Sun assured users that the losses have been covered by the exchange, adding that user deposits remain secure and the platform is functioning norma...
HTX Hacker Makes Off With $8 Million

This New Tool Track’s Bitcoin’s Price Without Using An Exchange

This New Tool Track’s Bitcoin’s Price Without Using An Exchange The Bitcoin blockchain alone is now capable of tracking Bitcoin’s price without help from the outside world, thanks to a developer’s new tool.As created by @SteveSimple on X (Twitter), UTXOracle is a Python program that “estimates the daily USD price of bitcoin using only your bitcoin Core full node,” according to the program’s script.“It only reads blocks, analyzes output patterns, and estimates a daily average USD price of bitcoin...
This New Tool Track’s Bitcoin’s Price Without Using An Exchange

Is Pepe Going on Another Bull Run? PEPE Surges 5% While Crypto Trader Platform Presale Finds Strong Support

Is Pepe Going on Another Bull Run? PEPE Surges 5% While Crypto Trader Platform Presale Finds Strong Support PEPE has flashed signs of life after its drawn-out decline to three lol-month low on September 17. Its 16% dead cat bounce since the bottom has now run into stiff overhead resistance, however.With PEPE still languishing below its key 20-day EMA, traders are left on edge wondering if this bounce will reverse or if the bottom will fall out again.At a critical technical junction, the next mov...
Is Pepe Going on Another Bull Run? PEPE Surges 5% While Crypto Trader Platform Presale Finds Strong Support

'BitBoy Crypto' Out of Jail And Back on Twitter, Mugshot Pic Goes Viral

'BitBoy Crypto' Out of Jail And Back on Twitter, Mugshot Pic Goes Viral Crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, has been released from jail after spending eight hours there, while his mugshot went viral.As reported earlier today, BitBoy Crypto was arrested by the police for “loitering/prowling” and for “simple assault by placing another in fear” with a bond amount of $2,600. Ben Armstrong, who was recently ousted from his own company, was on his way to confron...
'BitBoy Crypto' Out of Jail And Back on Twitter, Mugshot Pic Goes Viral

Kraken Expands Presence in Europe, Obtains EU E-Money License to Offer Services in Spain and Ireland

Kraken Expands Presence in Europe, Obtains EU E-Money License to Offer Services in Spain and Ireland Kraken moves toward a wider European presence with key regulatory steps in Spain and Ireland after it obtained an EU e-money license.According to a press release on Sept 26, the exchange announced a progression in Europe after it successfully registered with the Bank of Spain for a Virtual Asset Service Provider (VASP) license.“Today’s announcement marks another important milestone in our Europea...
Kraken Expands Presence in Europe, Obtains EU E-Money License to Offer Services in Spain and Ireland

FTX Liquidation Shakes $BTC & $ETH; Demand for $FIL, $ATOM and $ROE Surges

FTX Liquidation Shakes $BTC & $ETH; Demand for $FIL, $ATOM and $ROE Surges Recent events have brought the phenomenon of liquidation into the spotlight, with FTX - a previously prominent cryptocurrency exchange - experiencing a major shakeup in the form of liquidations affecting Bitcoin ($BTC) and Ethereum ($ETH) holdings.This upheaval has not only underscored the inherent risks of trading in these markets but has also triggered a noticeable surge in demand for top altcoins, particularly File...
FTX Liquidation Shakes $BTC & $ETH; Demand for $FIL, $ATOM and $ROE Surges

Bitcoin's Surge Widens Disparity with Buffett's Holdings; Borroe.Finance Presale Becomes Whale Magnet

Bitcoin's Surge Widens Disparity with Buffett's Holdings; Borroe.Finance Presale Becomes Whale Magnet In the fast-evolving world of finance, few names stand as tall as Warren Buffett, the esteemed investor and chairman of Berkshire Hathaway. As he celebrated his 93rd birthday on August 30, the crypto market continued to make waves, drawing comparisons to Buffett's traditional value investing strategy with its own unique traits.Buffet’s Holdings Profits Pale In Comparison To Bitcoin...
Bitcoin's Surge Widens Disparity with Buffett's Holdings; Borroe.Finance Presale Becomes Whale Magnet

Binance CEO Refutes Executive Exit Rumors; Cardano (ADA) & InQubeta (QUBE) Gearing for a Blast Off

Binance CEO Refutes Executive Exit Rumors; Cardano (ADA) & InQubeta (QUBE) Gearing for a Blast Off The cryptocurrency industry is no stranger to disruptions, shake ups, and rumors. Just recently, Binance, the world’s largest cryptocurrency exchange platform, became the center of attention with news of several executives leaving the company. Binance's CEO, Changpeng Zhao, has stated that these departures are not related to the company’s issues with regulators.As controversies continue to ...
Binance CEO Refutes Executive Exit Rumors; Cardano (ADA) & InQubeta (QUBE) Gearing for a Blast Off

Can the Bitcoin Price Pump to $30,000 This Week? Traders Eye New Crypto Presale Bitcoin Minetrix With Stake to Mine Utility Instead

Can the Bitcoin Price Pump to $30,000 This Week? Traders Eye New Crypto Presale Bitcoin Minetrix With Stake to Mine Utility Instead Crypto traders are asking if the Bitcoin price can pump to $30,000, but new crypto presale Bitcoin Minetrix is grabbing the headlines with its revolutionary no-fuss, no-rigs, low-cost stake-to-mine token.As the Bitcoin price holds above $26,000, Bitcoin Minetrix ($BTCMTX) is catching the eye of traders as the first fully decentralized mining solution based on cloud ...
Can the Bitcoin Price Pump to $30,000 This Week? Traders Eye New Crypto Presale Bitcoin Minetrix With Stake to Mine Utility Instead

Crypto Derivatives Platform Bitget Launches ‘Smart Portfolio’ Bot to Boost Returns

Crypto Derivatives Platform Bitget Launches ‘Smart Portfolio’ Bot to Boost Returns Crypto derivatives exchange Bitget has launched a new intelligent bot – Smart Portfolio – which allows users to rebalance assets based on price volatility, in a move to boost profits.Rebalancing a crypto portfolio effectively is important to manage risks, trade in line with investment objectives, and potentially increase returns. The bot promises to empower traders and investors with dynamic portfolio management c...
Crypto Derivatives Platform Bitget Launches ‘Smart Portfolio’ Bot to Boost Returns

Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report

Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report The Shanghai Second Intermediate People's Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature.On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency” highlighting the controversy in digital data and currency in judicial proceedings and justice delivery when pla...
Bitcoin Gains Recognition As A Unique, Non-Replicable Digital Asset Following Chinese Court Report

Trader Joe Sends Grant Proposal to Arbitrum

Trader Joe Sends Grant Proposal to Arbitrum Trader Joe, a major decentralized exchange (DEX) operating on the Avalanche (AVAX) blockchain, has applied for a 1.83 million ARB grant from Arbitrum DAO.In a recent announcement shared on X (previously Twitter), Trader Joe said it has submitted a "short-term incentive proposal to the Arbitrum DAO" aimed to enhance spot liquidity within the Arbitrum network. By doing so, the DEX seeks to benefit developers and offer a more stable and efficient exchange...
Trader Joe Sends Grant Proposal to Arbitrum

SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers

SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan.Last week, in the Friday lawsuit, Celsius stated its plans to use Coinbase to distribute digital assets to its international customers and wants approval from the court.The lawsuit disclosed the Coinb...
SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers

Crypto-Friendly UK Home for Financial Innovation, Ripple Co-Founder Says

Crypto-Friendly UK Home for Financial Innovation, Ripple Co-Founder Says The United Kingdom is “a home for financial and technological innovation,” according to Chris Larsen, co-founder and executive chairman of US fintech and blockchain firm Ripple.The comment from Ripple’s co-founder came in response to a video shared by UK Chancellor Jeremy Hunt on social media platform X where the UK was referred to as “Europe’s Silicon Valley.”“Our ambition for the UK economy is for it to be the world’s nex...
Crypto-Friendly UK Home for Financial Innovation, Ripple Co-Founder Says

Chimpzee is About to Launch Its Shop-to-Earn Platform - Here’s Why You Should Care

Chimpzee is About to Launch Its Shop-to-Earn Platform - Here’s Why You Should Care Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.While the crypto sphere has seen numerous projects primarily centered around financial objectives, it's important to recognize the diverse range of applications beyond monetary concerns. One specific area that merits greater attention is environmental preservation.Chimpzee (CHMPZ) is emerging as an outstanding pr...
Chimpzee is About to Launch Its Shop-to-Earn Platform - Here’s Why You Should Care

Ripple Price Prediction: XRP Climbs 1% – Is This a New Rally Beginning?

Ripple Price Prediction: XRP Climbs 1% – Is This a New Rally Beginning? The XRP price has climbed back above the all-important $0.50 level today, with its rise to $0.501776 representing a 1.5% gain in 24 hours and a 6% increase in the past fortnight.Despite these increases, XRP remains down by 5% in a month, although the altcoin sits on a 47.5% gain since the beginning of the year.This gain has resulted from the fact that Ripple secured a largely positive outcome in its long-running case with th...
Ripple Price Prediction: XRP Climbs 1% – Is This a New Rally Beginning?

BNB Price Prediction: BNB Gains 2% – Will Binance Coin Dominate the Month?

BNB Price Prediction: BNB Gains 2% – Will Binance Coin Dominate the Month? The price of Binance Coin (BNB) has climbed by almost 2% in the past 24 hours, with its move to $212.46 coming as the wider crypto market rises by a more modest 1%.BNB is now down by 2.5% in the past week and by 2% in the last 30 days, with the exchange token also falling by 13.5% since the beginning of the year.This drop has come in the context of numerous regulatory challenges for Binance, which has been sued by both th...
BNB Price Prediction: BNB Gains 2% – Will Binance Coin Dominate the Month?

Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On?

Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On? Ethereum layer 2 network Optimism faces headwinds as its price slumps nearly 10% in the week ahead of the planned token unlock on Sept 30.At press time, the price of OP exchanges hands at $1.26 falling by 9.29% over the past seven days. After a sharp fall slightly above 3% yesterday, the token significantly regained its momentum in the last 24 hours.Despite this, the token is caught in the middle of sliding crypto prices ...
Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On?

Is Another US Government Shutdown on The Horizon?

Is Another US Government Shutdown on The Horizon? Over the next week, the United States government faces the possibility of a shutdown as House Speaker Kevin McCarthy grapples with internal political pressures regarding spending plans. The decision could also have adverse effects on the progress of crypto bills awaiting a vote, potentially impacting the future of cryptocurrency regulation.Back in July, lawmakers from the House Financial Services Committee voted in favor of several crypto-focused...
Is Another US Government Shutdown on The Horizon?

Cardano Price Prediction: ADA Jumps 0.5% – How High Can This Coin Go?

Cardano Price Prediction: ADA Jumps 0.5% – How High Can This Coin Go? The Cardano price has risen by 0.5% in the past 24 hours, reaching $0.246018 as the cryptocurrency market as a whole makes a similarly modest move today.ADA is now down by 2.5% in the past week and by 6.5% in the last 30 days, while the altcoin is also down by 1.5% since the beginning of the year, in contrast to numerous other major tokens (e.g. BTC, ETH, XRP).Yet ADA's underwhelming performance over the past few months pu...
Cardano Price Prediction: ADA Jumps 0.5% – How High Can This Coin Go?

Optimism Plunges 9% Ahead of $30 Million Token Unlock -What’s Going On?

Optimism Plunges 9% Ahead of $30 Million Token Unlock -What’s Going On? Ethereum layer 2 network Optimism faces headwinds as its price slumps nearly 10% in the week ahead of the planned token unlock on Sept 30.At press time, the price of OP exchanges hands at $1.26 falling by 9.29% over the past seven days. After a sharp fall slightly above 3% yesterday, the token significantly regained its momentum in the last 24 hours.Despite this, the token is caught in the middle of sliding crypto prices dec...
Optimism Plunges 9% Ahead of $30 Million Token Unlock -What’s Going On?

Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push

Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”According to a press release, nine cryptocurrency exchanges in Taiwan formed the association in early September.The group aims to “promote the development of the domestic...
Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push

Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India

Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India Crypto exchange Gemini has unveiled plans to significantly expand its presence in India by investing INR 200 crore (approximately $24 million USD) over the next two years. The move comes as Gemini inaugurates its office within the Cyber Hub at Campus Cyber Greens in Gurgaon.Gemini Targets India’s Engineering Hub for Crypto InnovationCurrently, Gemini boasts a workforce of over 70 professionals in Gurgaon, supp...
Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India
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