Mining Blog & Mining News

Blog • 01 September 2023, Friday, 06:50

HashKey's New $100M Fund to Focus on Altcoins, With Less Than 50% Allocation for BTC and ETH

HashKey's New $100M Fund to Focus on Altcoins, With Less Than 50% Allocation for BTC and ETH HashKey Capital, the investment arm of Hong Kong-based crypto giant HashKey Group, has allocated a significant portion of its newly launched to major altcoins. The fund aims to invest less than 50% of its allocation in Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies, Jupiter Zheng, the portfolio manager of the fund, said in a recent interview with Reuters. The fund has already sec...

Blog • 01 September 2023, Friday, 06:40

Crypto Exchange OKX Looks to Expand into India

Crypto Exchange OKX Looks to Expand into India Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment. In an interview with CoinDesk, OKX’s chief marketing officer confirmed that the exchange is planning to foray into India’s web3 space and recruit local staff. The crypto exchange currently maintains strategic regional hubs in Hong Kong, Singapore, Dubai, and the Bahamas.OKX is looking to expand its wallet services by tapping into India&...

Blog • 01 September 2023, Friday, 06:10

Likou, China, to Become Digital Yuan ‘Demonstration Town’ – CBDC Adoption Gathers Pace?

Likou, China, to Become Digital Yuan ‘Demonstration Town’ – CBDC Adoption Gathers Pace? A Chinese town has agreed to become a digital yuan “demonstration town” after striking a CBDC deal with a major, state-run bank.Per JSChina, the deal was struck in Likou, a town in Siyang County, near the city of Suqian in China’s Jiangsu Province.The People’s Government of Likou Town reportedly signed a deal with the Likou Branch of the Postal Savings Bank of China.The parties will now “build a digital RMB d...

Blog • 01 September 2023, Friday, 05:30

Build Wealth In Alternative Investments: Join Morgan Creek, Grayscale, Vodafone, Bitget And More at Benzinga’s Future of Digital Assets Conference Nov. 14 in New York City

Build Wealth In Alternative Investments: Join Morgan Creek, Grayscale, Vodafone, Bitget And More at Benzinga’s Future of Digital Assets Conference Nov. 14 in New York City Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.DETROIT, Aug. 29, 2023: — Benzinga, the leading financial media company for next-generation investors, is excited to announce a robust lineup of speakers that includes the world’s top investors, founders and entrepreneurs for its...

Blog • 01 September 2023, Friday, 05:10

Major Ethereum Staking Providers Promise Not to Own More Than 22% of Validators

Major Ethereum Staking Providers Promise Not to Own More Than 22% of Validators In an effort to maintain the decentralized nature of the Ethereum (ETH) network, several prominent liquid staking providers have implemented or are in the process of implementing a self-limit rule. The rule ensures that these providers will not own more than 22% of the Ethereum staking market, which could help address concerns over the growing centralization of Ethereum staking.Rocket Pool, StakeWise, Stader Labs, Di...

Blog • 01 September 2023, Friday, 04:30

Web3 Loses $1.2 Billion to Hacks and Rug Pulls so far in 2023: Report

Web3 Loses $1.2 Billion to Hacks and Rug Pulls so far in 2023: Report Web 3 platforms have lost over $1.2 billion so far this year in hacks and rugs pulls, according to a report from web3 bug bounty platform Immunefi. The report revealed a total of 211 separate incidents contributing to this massive sum, with the month of August alone accounting for $23.4 million in losses.The surge in losses during August mostly contributed to projects hosted on the newly launched Ethereum Layer 2 Base network....

Blog • 01 September 2023, Friday, 01:20

Binance's Asia-Pacific Head Departs Amidst Market Share Decline and Regulatory Pressures

Binance's Asia-Pacific Head Departs Amidst Market Share Decline and Regulatory Pressures According to Bloomberg's sources, Leon Foong, who served as the head of Binance Asia-Pacific, is leaving his position at the world's largest cryptocurrency exchange.Foong was crucial in Binance's growth in South Korea, Thailand, and Japan. While an official announcement is pending, insiders have signaled his imminent departure.Amid regulatory lawsuits and scrutiny in the United States and Eu...

Blog • 01 September 2023, Friday, 01:10

US Bitcoiner Moves to El Salvador in Anticipation of ‘Bitcoin City’

US Bitcoiner Moves to El Salvador in Anticipation of ‘Bitcoin City’ El Salvador’s Bitcoin City has reportedly attracted its first international “resident,” with an American bitcoiner moving to the area where the city is being constructed.Per the government-aligned newspaper Diario El Salvador, the man’s name is Corbin Keegan.He was described as “an American bitcoiner who has [...] settled on one of the beaches of Conchagua, in La Unión.”Conchagua is the proposed site of Bitcoin City, an in-devel...

Blog • 01 September 2023, Friday, 00:50

Fetch.ai Price Pumps 10% - Experts Predict These 3 AI Coins Are Next Cryptos To Explode In September

Fetch.ai Price Pumps 10% - Experts Predict These 3 AI Coins Are Next Cryptos To Explode In September Bullish momentum has returned to Fetch.ai's FET token with the price rallying 10% over the past week.This upside move has propelled FET above its 20-day, 50-day, and 100-day exponential moving averages, which is often viewed as a precursor to further gains.However, after briefly hitting a multi-month high of $0.2570 earlier today, some selling pressure has since emerged.FET currently finds it...

Blog • 01 September 2023, Friday, 00:00

Best Crypto to Buy Now August 31 – Maker, Mantle, dYdX

Best Crypto to Buy Now August 31 – Maker, Mantle, dYdX The U.S. Securities and Exchange Commission (SEC) announced on August 31 that it will postpone decisions on proposed rule changes related to spot Bitcoin exchange-traded funds (ETFs) until October.The SEC is postponing judgments on proposed rule changes that would allow Fidelity (Wise Origin), VanEck, WisdomTree, Invesco, and others to offer spot Bitcoin ETFs on various exchanges.With the SEC pushing back the Bitcoin ETF ruling, what are the...

Blog • 31 August 2023, Thursday, 23:40

Nexo Launches a Crypto-Powered Debit and Credit Mastercard for the European Economic Area (EEA)

Nexo Launches a Crypto-Powered Debit and Credit Mastercard for the European Economic Area (EEA) In partnership with Mastercard, Nexo launched the world's first "Dual Mode Crypto Card," offering debit and credit functionalities for European Economic Area (EEA) citizens on August 31.The Nexo "Dual Mode Crypto" Card offers users the ability to optimize tax responsibilities by utilizing Credit Mode, which avoids taxable events upon spending.Initially introduced in April 2022 as the world's f...

Blog • 31 August 2023, Thursday, 21:30

6 Bitcoin ETF Applications Delayed So Far, BlackRock Rumored to Be Next—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, Invesco

6 Bitcoin ETF Applications Delayed So Far, BlackRock Rumored to Be Next—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, Invesco Today, the U.S. Securities and Exchange Commission (SEC) announced delays in its decisions regarding Bitcoin ETF applications from six companies out of seven—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, and Invesco. The regulatory body stated it would need at least 45 more days to review these applications, pushing the deadline to mid-October. While these six compa...

Blog • 31 August 2023, Thursday, 21:10

6 Bitcoin ETF Applications Delayed So Far—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, and Invesco

6 Bitcoin ETF Applications Delayed So Far—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, and Invesco Today, the U.S. Securities and Exchange Commission (SEC) announced delays in its decisions regarding Bitcoin ETF applications from six companies out of seven—Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, and Invesco. The regulatory body stated it would need at least 45 more days to review these applications, pushing the deadline to mid-October. SEC’s Routine Procedure and Future StepsThe del...

Blog • 31 August 2023, Thursday, 20:40

Bitcoin Price Prediction as BTC Dips 4% – More Sell-Off Ahead?

Bitcoin Price Prediction as BTC Dips 4% – More Sell-Off Ahead? In the world of cryptocurrencies, Bitcoin's unpredictable price movements are always under the microscope. Today, with Bitcoin's price hovering at $26,164 and a 24-hour trading volume reaching a staggering $18 billion, the cryptocurrency has seen a dip of nearly 4% in the last day. Despite the recent setback, Bitcoin continues to reign supreme with its #1 spot on CoinMarketCap, boasting a live market cap of $509 billion. With...

Blog • 31 August 2023, Thursday, 20:20

Amazon's Free NFT Giveaway: Here's How to Claim Your Loot

Amazon's Free NFT Giveaway: Here's How to Claim Your Loot Amazon Prime is dishing out free gaming NFTs to its subscribers through its Prime gaming portal.The $15 per month subscription lets users claim a variety of free NFTs available on the site, which can also be used in their blockchain's respective games. Items range from special skins to playable characters.To collect loot, interested buyers can browse the site’s array of “in-game content,” and select “claim.”One free package ...

Blog • 31 August 2023, Thursday, 19:20

Funds Unlocked: StarkWare Addresses Upgrade-Related Lockouts – Here's What Happened

Funds Unlocked: StarkWare Addresses Upgrade-Related Lockouts – Here's What Happened StarkWare, the development firm behind Ethereum scaling solution Starknet, has released funds that got locked up following a system upgrade last week.In a post on social media platform X, StarkWare said a total of $550,000 worth of crypto held in accounts that had not been upgraded had become “temporarily inaccessible” after the upgrade.That happened after all Starknet users earlier this year were asked to “...

Blog • 31 August 2023, Thursday, 19:10

Bank Messaging Firm SWIFT Leans Toward Blockchain Integration Over Unifying Tokenization After Experiments – Here's the Latest

Bank Messaging Firm SWIFT Leans Toward Blockchain Integration Over Unifying Tokenization After Experiments – Here's the Latest Bank messaging network SWIFT has said that blockchain interoperability is a better approach in the short term to financial solutions than uniting Central Bank Digital Currencies (CBDC) and other assets into a single ledger. In a recent release, “Connecting blockchains: Overcoming fragmentation in tokenized assets,” SWIFT noted that the financial market stands to ben...

Blog • 31 August 2023, Thursday, 18:20

Biggest Crypto Gainers Today on DEXTools – DACT, SILKROAD, BS

Biggest Crypto Gainers Today on DEXTools – DACT, SILKROAD, BS Bitcoin has managed to remount its 200-day exponential moving average after a period of decline since reaching its year-to-date peak in July.According to some analysts, holding this support level will indicate the cryptocurrency may have bottomed out from its drop over the summer.While Bitcoin battles to sustain its long-term dynamic support, what are the biggest crypto gainers today?The price of Bitcoin rose to $28,167 on August 29, ...

Blog • 31 August 2023, Thursday, 18:10

Sam Bankman-Fried's Lawyers Fail to Secure Jail Release Amid Trial Prep Woes

Sam Bankman-Fried's Lawyers Fail to Secure Jail Release Amid Trial Prep Woes A judge has denied a request by defense lawyers to release disgraced former FTX CEO Sam Bankman-Fried from jail to help him prepare for the upcoming court case.At a hearing on Wednesday, Bankman-Fried's lawyers urged for his release, emphasizing the need to utilize his time more efficiently in preparing his defense.“It’s just the fact of the reality that we haven’t been able to make effective use of our client’...

Blog • 31 August 2023, Thursday, 17:40

Chimpzee Presale to Finish Stage 10 Soon – Could this be the Next Crypto to Explode?

Chimpzee Presale to Finish Stage 10 Soon – Could this be the Next Crypto to Explode? The Chimpzee presale will move to the eleventh stage in one day. The presale has crossed the $1.25M milestone after witnessing huge community support over the last few days. The project’s green mission taking advantage of blockchain infrastructure has resonated with investors. According to industry analysts, the token launch will lead to a massive bull run capitalizing on the high market relevance and growth pot...

Blog • 31 August 2023, Thursday, 16:10

Pro-Bitcoin Presidential Candidate Vivek Ramaswamy Praises Grayscale's Victory for Bitcoin and Blockchain Innovation in the US

Pro-Bitcoin Presidential Candidate Vivek Ramaswamy Praises Grayscale's Victory for Bitcoin and Blockchain Innovation in the US Vivek Ramaswamy, a Republican Presidential candidate, commended Grayscale's recent legal victory against the federal securities regulator, stating that the decision would play a role in retaining Bitcoin and blockchain innovation within the United States rather than abroad.Grayscale had achieved a significant legal win against the SEC, which denied converting it...

Blog • 31 August 2023, Thursday, 15:40

On-Chain Data: The Amount Of Bitcoin on Centralized Exchanges Plunges to 2 Million – What's Going On?

On-Chain Data: The Amount Of Bitcoin on Centralized Exchanges Plunges to 2 Million – What's Going On? Bitcoin (BTC) holdings in centralized digital asset exchanges have plunged 4% to 2 million signaling both positive and market-worsening concerns.According to recent data from CryptoQuant, the number of assets held in exchanges is at lows not recorded since January 2018. The figure which has fallen to levels not recorded in half a decade to approximately $54.5 billion has sparked debates fro...

Blog • 31 August 2023, Thursday, 14:00

Bloomberg Report: Binance Japan plans to increase number of listed tokens to 100

Bloomberg Report: Binance Japan plans to increase number of listed tokens to 100 According to a Bloomberg report, Binance Japan, the Japanese arm of the world's largest crypto exchange, which recently launched full services, now plans to significantly expand its token offerings, aiming to present a minimum of 100 tokens soon. This intended increase is approximately three times the current selection.Binance Japan's representative, Tsuyoshi Chino, emphasized the intention to curate a diver...

Blog • 31 August 2023, Thursday, 13:40

Bitcoin Cash Price Prediction as BCH Rockets Up 15% – Are Whales Choosing BCH Over BTC?

Bitcoin Cash Price Prediction as BCH Rockets Up 15% – Are Whales Choosing BCH Over BTC? The Bitcoin Cash price has moved to $218.93 today, marking a 1% gain in 24 hours and a 15% rise in a week.BCH's increases have come after Grayscale won an appeal against the SEC, which had previously refused the asset manager's application to open a spot Bitcoin ETF.But with the regulator now required to look at the application again in detail, it has become increasingly likely that a Bitcoin ETF will...

Blog • 31 August 2023, Thursday, 12:50

Is It Too Late to Buy EOS? EOS Price Rallies 5% with $100 Million Trading Volume and Crypto Startup LPX Secures $1.5 Million – Time to Buy?

Is It Too Late to Buy EOS? EOS Price Rallies 5% with $100 Million Trading Volume and Crypto Startup LPX Secures $1.5 Million – Time to Buy? Top 100 ranked blockchain Eos (EOS) has pumped +5% in the aftermath of news that the digital asset has been approved for trading by Japan's Virtual and Crypto Asset Exchange Association (JVCEA), with markets going live in mid-September.The bullish announcement ignited a frenzy of activity, breathing much needed life into EOS which has been in consolidati...

Blog • 31 August 2023, Thursday, 12:20

Arkham Investigation Reveals Robinhood Wallet Holds $2.5 Billion in ETH

Arkham Investigation Reveals Robinhood Wallet Holds $2.5 Billion in ETH Arkham Intelligence has revealed that a wallet belonging to Robinhood holds more than $2.5 billion worth of Ethereum (ETH).In a Wednesday tweet, Arkham said the company has identified Robinhood as the owner of the 5th largest ETH wallet with 1.5 million ETH (worth $2.54 billion). The intelligence platform had previously identified Robinhood as the owner of the third-largest Bitcoin (BTC) address, which holds 118,300 BTC ($3 ...

Blog • 31 August 2023, Thursday, 12:10

Web3 Lawyer Predicts US Crypto Upturn After Key Industry Wins This Year

Web3 Lawyer Predicts US Crypto Upturn After Key Industry Wins This Year Digital asset lawyer Jeremy McLaughlin has expressed optimism on a re-ignition of the United States cryptocurrency market following landmark wins recorded by Ripple and Grayscale over the Securities and Exchange Commission (SEC). Speaking on Aug. 31 at an Intersekt23 panel in Melbourne, McLaughlin, a partner from K&L Gates stated that recent court victories have turned the tide as courts “rein in the SEC.”While stressing the...

Blog • 31 August 2023, Thursday, 12:00

Dogecoin Price Prediction as Robinhood Adds DOGE Swaps – Adoption on the Rise?

Dogecoin Price Prediction as Robinhood Adds DOGE Swaps – Adoption on the Rise? The Dogecoin price has gained by 2% in the past 24 hours, rising to $0.066622 after Robinhood added DOGE support to its custodial cryptocurrency wallet.The news, which also brings DOGE-based swaps to Robinhood, has helped the meme token rise by 5% in the past week, yet it remains down by 12% in the last 30 days, as well as by 5% since the beginning of the year.But Robinhood's embrace of Dogecoin functionality is a...

Blog • 31 August 2023, Thursday, 11:50

FTX Data Breach Update: Sensitive Information Was Leaked – Here's the Latest

FTX Data Breach Update: Sensitive Information Was Leaked – Here's the Latest Sensitive details about FTX customers were compromised during the security breach at FTX’s bankruptcy claims agent Kroll earlier this month, despite Kroll initially claiming only “non-sensitive” was leaked.The confirmation that the leaked details included information many people would categorize as sensitive came in a recently updated FAQ document from Kroll, which has later been shared among FTX creditors on socia...

Blog • 31 August 2023, Thursday, 11:40

Is Ethereum Classic Going to Zero? ETC Price Drops 7% as This New Crypto Project Raises $800,000

Is Ethereum Classic Going to Zero? ETC Price Drops 7% as This New Crypto Project Raises $800,000 Ethereum Classic (ETC) has tumbled -7% in a dramatic rejection from severe resistance around the 20DMA, but as network activity slows - is Ethereum Classic going to zero?The sudden fall comes amid a hard-fought resurgence for Ethereum Classic, which has been caught in a tumultuous downside slide since July 1.Indeed, the Ethereum Classic network has seen a significant decline in activity since the las...

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