Mining Blog & Mining News

Blog • 21 September 2023, Thursday, 07:50

Is It Too Late to Buy Toncoin? TON Price Rockets Up 30% as AI Crypto Trading Tool LPX Secures $1.7 Million in Funding

Is It Too Late to Buy Toncoin? TON Price Rockets Up 30% as AI Crypto Trading Tool LPX Secures $1.7 Million in Funding Toncoin (TON) is undertaking localised retracement after a monumental +44% bounce off 200DMA support, but as The Open Network price drops - is it too late to buy Toncoin? Find out in TON price analysis.The sudden upside move comes following news that leading messaging app Telegram has integrated TON's wallet Ton Space; delivering The Open Network's cross-chain interoperab...

Blog • 21 September 2023, Thursday, 07:40

The NFT Bubble Has Officially Burst: Over 95% of NFT Collections Have Zero Value

The NFT Bubble Has Officially Burst: Over 95% of NFT Collections Have Zero Value Non-fungible tokens (NFTs), once the darlings of the digital art and collectibles world, are facing a harsh reality check.According to a recent study conducted by Web3 review website dappGambl that used data from crypto tracking sites CoinMarketCap and NFT Scan, more than 95% of NFT collections are now effectively worthless.This revelation highlights the bursting of the NFT bubble that had seen extravagant sales and...

Blog • 21 September 2023, Thursday, 07:00

Is Gala Going to Zero? GALA Price Drops 1% as New Bitcoin Start-up Surges Past $4 Million Milestone

Is Gala Going to Zero? GALA Price Drops 1% as New Bitcoin Start-up Surges Past $4 Million Milestone Gala Games (GALA) continues to tumble in the aftermath of a legal dispute between co-founders Eric Schiermeyer and Wright Thurston, which has so far seen GALA bleed-out -32%.It is alleged Thurston illicitly acquired approximately $130 million worth of GALA tokens tied to the Gala Games ecosystem. But Thurston's counter-claim alleges Schiermeyer lent Gala's funds to himself for personal use...

Blog • 21 September 2023, Thursday, 05:40

Next Pepe Coin to Make Crypto Millionaires? Wall Street Memes Presale Ends In 4 Days

Next Pepe Coin to Make Crypto Millionaires? Wall Street Memes Presale Ends In 4 Days As the countdown to the conclusion of Wall Street Memes' ($WSM) presale ticks away, Wall Street Memes emerges as an investment prospect that has become increasingly scarce: a meme coin with the reliable promise of substantive returns.With only four days left before this next-generation meme coin project transitions from its highly successful presale phase to a Tier-1 centralized exchange (CEX) listing, urgen...

Blog • 21 September 2023, Thursday, 05:10

Bitcoin’s Sustainable Energy Mix Over 50%, Carbon Footprint Compares Better Than Other Industries: Bloomberg Report

Bitcoin’s Sustainable Energy Mix Over 50%, Carbon Footprint Compares Better Than Other Industries: Bloomberg Report Over the years, Bitcoin's (BTC) energy consumption data which posed serious concerns from several quarters has become more positive toward sustainability.A new report from Bloomberg shows the sustainable energy mix of Bitcoin above 50% indicates a better climate growth ratio than several industries in the last two years.Analyst Jamie Coutts explained that the rise in the hash r...

Blog • 21 September 2023, Thursday, 04:55

$12.3M in a Day: A Story of One Huge Win at Fairspin

$12.3M in a Day: A Story of One Huge Win at Fairspin Playing casino games is a go-to way of spending your leisure time. Whether you seek an adrenaline boost or simply want to relax, the world of iGaming has a lot to offer. However, an intention to just chill sometimes results in surprisingly big wins.It’s not the first time Fairspin players have shaken the casino world by landing enormous sums. This year’s current record holder managed to win $12.3 million in a single day. Read on to learn all ...

Blog • 21 September 2023, Thursday, 04:45

SCORP Staking: Maximizing Passive Income Opportunities for Token Holders

SCORP Staking: Maximizing Passive Income Opportunities for Token Holders Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Investors continue to pile into the $SCORP presale as they look to take advantage of the ecosystem that maximizes passive income opportunities for token holders.The presale has raised over $1 million in fundraising primarily due to its passive income potential generated through platform revenues.In addition, the deflationary n...

Blog • 21 September 2023, Thursday, 04:35

PayPal’s Stablecoin PYUSD is Available on Venmo to Select Users

PayPal’s Stablecoin PYUSD is Available on Venmo to Select Users PayPal-operated peer-to-peer mobile payments platform Venmo has started offering PayPal USD stablecoin (PYUSD) to selected users, starting September 20.“We are pleased today to announce that PayPal USD is now available on Venmo to select users and will be rolling out fully in the coming weeks.”The launch enables Venmo users to purchase the stablecoin and send it via PayPal, Venmo and other compatible external wallets, a company pres...

Blog • 21 September 2023, Thursday, 02:45

Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain

Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain Ethereum (ETH) developers have introduced a new smart contract standard, ERC-7512, aimed at enhancing transparency and accessibility to smart contract audits for decentralized finance (DeFi) protocols.The proposal was posted on the Ethereum Magicians forum by Richard Meissner, co-founder of Safe earlier this month, and has sparked lively discussions among developers.Other notable contributors to the proposal include de...

Blog • 21 September 2023, Thursday, 02:15

Chinese “Super SIM” Cards to Feature New Digital Yuan Functions

Chinese “Super SIM” Cards to Feature New Digital Yuan Functions New Chinese “Super SIM” cards will function as digital yuan wallets, smartcards, and ID cards as the nation’s CBDC pilot continues.Chinese mobile operators such as China Mobile have been working on so-called “Super SIM” offerings since 2016.They have added a range of functionality to the cards in the years since.But the newest SIM cards will feature new authentication and security functions, in addition to CBDC “hard” wallets.Per Ch...

Blog • 21 September 2023, Thursday, 01:50

Breaking: Mt. Gox Trustee Extends Repayment Deadline to October 2024

Breaking: Mt. Gox Trustee Extends Repayment Deadline to October 2024 Mt. Gox Rehabilitation Trustee has once again extended the deadline for repayments to its creditors. The bankrupt crypto exchange has changed the deadline of the Base Repayment, the Early Lump-Sum Repayment and Intermediate Repayment from October 31, 2023 to October 31, 2024. However, the latest update on Mt. Gox website notes that the rehabilitation creditors who have provided the Trustee with the necessary information will re...

Blog • 21 September 2023, Thursday, 01:40

Cosmoverse Comes to Istanbul as Interchain Innovation Continues to Grow

Cosmoverse Comes to Istanbul as Interchain Innovation Continues to Grow Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Cosmoverse is back with its annual conference in Türkiye this year, showcasing the thriving Cosmos ecosystem and its potential to cultivate an interchain future for greater global collaboration21 September 2023 – Cosmoverse, the largest conference focusing on the Cosmos ecosystem and interoperability, is returning for its third...

Blog • 21 September 2023, Thursday, 01:20

ASIC Initiates Civil Proceedings Against Bit Trade for Alleged Compliance Failures

ASIC Initiates Civil Proceedings Against Bit Trade for Alleged Compliance Failures Australia's regulatory body, the Australian Securities and Investments Commission (ASIC), has initiated legal proceedings against Bit Trade Pty Ltd, the provider of the Kraken cryptocurrency exchange for Australian users, for breaching design and distribution obligations related to its margin trading product.ASIC Deputy Chair Sarah Court said, "These proceedings should send a message to the crypto industry tha...

Blog • 21 September 2023, Thursday, 00:45

Bitcoin Price Prediction as US Federal Reserve Keeps Interest Rate Unchanged – Will BTC Blast to $30,000?

Bitcoin Price Prediction as US Federal Reserve Keeps Interest Rate Unchanged – Will BTC Blast to $30,000? Today's Bitcoin price stands at $27,033, having experienced a trading volume of $13 billion over the past 24 hours. Bitcoin has witnessed a slight dip, declining around 0.50% during this timeframe. As the US Federal Reserve holds steady on its decision, keeping the Fed funds target range anchored at 5.25-5.5%, the cryptocurrency market waits with bated breath. The Fed has not only signal...

Blog • 21 September 2023, Thursday, 00:35

US House Committee Passes Bill to Block Digital Dollar Launch

US House Committee Passes Bill to Block Digital Dollar Launch A bill designed to block the potential launch of a US central bank digital currency (CBDC) has progressed to the floor of the US House of Representatives following the house committee approval on Wednesday. The bill, spearheaded by Republicans within the House Financial Services Committee, has garnered attention for its intent to ensure that any future US CBDC receives explicit authorization from Congress. Additionally, it seeks to sa...

Blog • 20 September 2023, Wednesday, 21:10

Russia Survey: 90% Don’t Want to Be Paid in Digital Rubles – CBDC Setback?

Russia Survey: 90% Don’t Want to Be Paid in Digital Rubles – CBDC Setback? Most citizens in Western Russia say they do not want to get paid in digital rubles, dealing a further blow to the Central Bank’s CBDC plans.Per the media outlet Lipetsk News, the recruitment agency HH conducted a digital ruble-themed survey of job seekers in the key Lipetsk Oblast in Western Russia.But it appears citizens in the region remain lukewarm when it comes to CBDC adoption, with 90% stating they did not want to b...

Blog • 20 September 2023, Wednesday, 20:55

Record $307 Trillion Global Debt Puts World Economy on Alert

Record $307 Trillion Global Debt Puts World Economy on Alert In the first half of 2023, global debt increased by $10 trillion, reigniting concerns about its impact on the world economy and the potential for a financial crisis, according to data released by the Institute of International Finance (IIF) on Tuesday. The report disclosed that the overall debt has climbed to an unprecedented $307 trillion, marking a $100 trillion rise over the past decade.Dominance of Mature Markets in the Global Debt...

Blog • 20 September 2023, Wednesday, 20:00

US Presidential Hopeful Ramaswamy to Release “Comprehensive Crypto Policy Framework” Before Thanksgiving

US Presidential Hopeful Ramaswamy to Release “Comprehensive Crypto Policy Framework” Before Thanksgiving A major candidate for the US Presidency is on the verge of releasing a “comprehensive crypto policy framework”.Speaking at a crypto event on Wednesday, Republican Party presidential hopeful Vivek Ramaswamy announced plans to release the framework by Thanksgiving (on 23rd November).Crypto data company Messari CEO Ryan Selkis, who Ramaswamy was speaking to in a “fireside chat” at an event, said...

Blog • 20 September 2023, Wednesday, 19:20

Microsoft Plans Expand Support for Crypto Wallets Across Next Generation of Hardware Products, Documents Suggest

Microsoft Plans Expand Support for Crypto Wallets Across Next Generation of Hardware Products, Documents Suggest The next generation of Microsoft hardware products might include better support for crypto wallets, a report by Axios suggested on Monday.According to Axios, detailed documents detailing Microsoft’s plans were just released as part of Microsoft’s ongoing lawsuit with the US Federal Trade Commission, who are attempting to block the tech giant’s $69 billion bid for Activision Blizzard.A...

Blog • 20 September 2023, Wednesday, 19:00

a16z Crypto Leads $3.6 Million Seed Round for Decentralized Information Exchange Protocol Freatic - What Does It Do?

a16z Crypto Leads $3.6 Million Seed Round for Decentralized Information Exchange Protocol Freatic - What Does It Do? Freatic, a decentralized information exchange protocol built by a team of developers, has secured $3.6 million from a trove of investors. The project, as revealed by the development team, has emerged from stealth mode and is gearing up for its public launch. Leading this investment round is the prominent crypto investment firm a16z (Andreessen Horowitz).In an official Medium blog ...

Blog • 20 September 2023, Wednesday, 17:20

Lawmaker: Hong Kong Aiming for Stablecoin Regulations by Mid-2024

Lawmaker: Hong Kong Aiming for Stablecoin Regulations by Mid-2024 Hong Kong lawmaker Duncan Chiu has announced the launch of the second round of consultations aimed at formulating stablecoin issuance guidelines.Speaking on Tuesday, Chiu said he hopes for the city to release regulatory guidelines for stablecoin issuers by mid-2024, as reported by local media.Stablecoins are cryptocurrencies value-pegged to relatively value stable asset, like fiat currencies (ex. US dollars). They serve as a digit...

Blog • 20 September 2023, Wednesday, 17:10

Discord Crypto Trading Bot to Shut Down Due to ‘Critical Exploits’

Discord Crypto Trading Bot to Shut Down Due to ‘Critical Exploits’ None Trading, a trading tool catering to cryptocurrencies and non-fungible tokens on Discord will close its doors to customers.The company attributed this decision to a security exploit in an official statement posted on X (formerly Twitter) on September 20. None Trading revealed that this security breach resulted in a substantial loss of funds, including the crypto funds necessary for its operations.Adding to the woes, three key...

Blog • 20 September 2023, Wednesday, 16:45

Best Crypto to Buy Now September 20 – XDC Network, Kaspa, Toncoin

Best Crypto to Buy Now September 20 – XDC Network, Kaspa, Toncoin Following a major security breach that compromised $70 million in crypto assets last week, Hong Kong-based exchange CoinEx has begun gradually resuming withdrawals and deposits on its platform.CoinEx anticipates the complete restoration of its wallet system by tomorrow, September 21.With CoinEx starting to restore services after the hack, what is the best crypto to buy now?According to a statement posted on the company's websi...

Blog • 20 September 2023, Wednesday, 16:35

Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC

Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve. Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced by Republican Rep. Tom Emmer of Minnesota. The bill is looking to prevent the Federal Reserve from creating a CBDC.The Ongoing Debate on Cryp...

Blog • 20 September 2023, Wednesday, 15:40

Fed Leaves Interest Rates Unchanged, But More Hikes Still on the Table - Here is How Bitcoin (BTC) Reacted

Fed Leaves Interest Rates Unchanged, But More Hikes Still on the Table - Here is How Bitcoin (BTC) Reacted As expected, the Federal Reserve (Fed) left benchmark interest rates in the US unchanged at 5.25-5.5% on Wednesday.Bitcoin (BTC) fell just over 1% and was last trading just under $27,000, though still remains fairly close to monthly highs.Despite the pause, Fed Chairman Jerome Powell said in his post-policy announcement remarks that another interest hike later this year remains possible, wi...

Blog • 20 September 2023, Wednesday, 15:10

Prime Trust Crypto Custodian Signals Potential Layoffs for 62 Employees – Is the Bear Market to Blame?

Prime Trust Crypto Custodian Signals Potential Layoffs for 62 Employees – Is the Bear Market to Blame? Now-bankrupt crypto custodian Prime Trust has notified employees of potential layoffs affecting 62 individuals within the next two months, according to Nevada's Department of Employment, Training & Rehabilitation.This news comes shortly after the company made significant workforce reductions, CoinDesk reported on Tuesday, noting that the firm had 70 full-time employees and contractors a...

Blog • 20 September 2023, Wednesday, 14:20

Binance CEO Denies Receiving $250M Loan from BAM Management, Says it is "the Other Way Around"

Binance CEO Denies Receiving $250M Loan from BAM Management, Says it is "the Other Way Around" Binance CEO Changpeng Zhao has refuted claims that he received a $250 million loan from BAM Management, the holding company of Binance.US, saying that it was the other way around. In a Wednesday tweet, the crypto boss said he "loaned $250 million to BAM a while back, not the other way around." CZ even claimed that he has not taken the loan back yet. The dispute arose following a report by crypto media ...

Blog • 20 September 2023, Wednesday, 14:10

FCA Report Highlights Talks Between Banks and Crypto Firms Amid Rising Debanking Worries

FCA Report Highlights Talks Between Banks and Crypto Firms Amid Rising Debanking Worries The UK's Financial Conduct Authority (FCA) has initiated talks between banks and crypto firms experiencing difficulties in accessing banking services, according to a recent report addressing the issue of debanking in the country.The report came after TV personality and former politician Nigel Farage this summer accused his bank of closing his bank account over his political views, and revealed that commo...

Blog • 20 September 2023, Wednesday, 13:05

70% of South Korean Reported Foreign Assets Are Crypto- Here’s More

70% of South Korean Reported Foreign Assets Are Crypto- Here’s More South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies.On Sept 20, The country’s National Tax Service (NTS) in an official release stated that 5,419 business and individuals reported their financial accounts with the largest chunk held in digital assets. Per the data, the total reported figure of 186.4 trillion won approximately $140 million. This figur...

Blog • 20 September 2023, Wednesday, 13:00

CoinEx to Resume Withdrawals of Certain Cryptos Following Security Breach

CoinEx to Resume Withdrawals of Certain Cryptos Following Security Breach Cryptocurrency exchange CoinEx, that fell victim to a hack last week, is set to start its deposit and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC), from September 21.Per an official update on Wednesday, CoinEx said that it is working to complete the reconstruction and deployment of the wallet system, along with resuming withdrawals.Furthermore, the e...

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