Mining Blog & Mining News

Blog • 31 August 2023, Thursday, 11:10

Litecoin Price Prediction as 24-Hour Trading Volume Shoots Past $300 Million – Time to Buy?

Litecoin Price Prediction as 24-Hour Trading Volume Shoots Past $300 Million – Time to Buy? The price of Litecoin (LTC) has remained stable in the past 24 hours, with its current level of $67.70 representing a 3% gain in the past week.LTC had risen with the rest of the market over the past couple of days after Grayscale won its appeal against the SEC, yet the altcoin remains down by 25% in the last 30 days, and by 3% since the beginning of the year. However, with its 24-hour trading volume remai...

Blog • 31 August 2023, Thursday, 11:00

Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto

Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million. Recent chargesheet filed against 10 individuals have unveiled a web of illicit financial activities that have implicated not only major banks but also executives from various sectors, Bloomberg reported.These individ...

Blog • 31 August 2023, Thursday, 10:10

New Trump Meme Coin is Up 20,000% and Crypto Traders Say This Lesser Known Crypto is Next – Here's Why

New Trump Meme Coin is Up 20,000% and Crypto Traders Say This Lesser Known Crypto is Next – Here's Why As Donald Trump continues to dominate headlines, and meme coin markets haven't skipped a beat as a new Trump (MAGA) meme coin surges +20,000% on-chain.This comes amid the State of Georgia v. Donald Trump indictment case, which saw Trump surrender to authorities in Georgia for a now infamous mug-shot and paperwork processing on August 24.Trump has agreed to post bond to the tune of $200...

Blog • 31 August 2023, Thursday, 09:20

Turkey Crypto Investors Rise by 12% as Inflation Continues to Plague the Country

Turkey Crypto Investors Rise by 12% as Inflation Continues to Plague the Country Turkish adults are increasinglyy turning to cryptocurrency investments as the country continues to suffer from soaring inflation. According to a recent survey conducted by major crypto exchange KuCoin, over half of the Turkish population is now participating in the crypto market. This represents a 12% surge in the number of crypto investors in the country over the past 18 months, with figures rising from 40% in Nove...

Blog • 31 August 2023, Thursday, 08:20

As Shibarium Hits 50k Wallets, BONE Rallies Post-Relaunch & QUBE on the Rise

As Shibarium Hits 50k Wallets, BONE Rallies Post-Relaunch & QUBE on the Rise Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.After the failed launch of Shibarium, Shiba Inu’s layer-2 blockchain, some tweaks were made, including an increase in network validators to handle the enormous increase in activity. This paid off after its relaunch, as Shibarium hit 50,000 crypto wallets. Additionally, Bone ShibaSwap (BONE), the official governance and...

Blog • 31 August 2023, Thursday, 08:10

Play-to-Earn Meme Coin Tamadoge Begins a Major Marketing Push to Secure Top CEX Listings – Staking Launches Today

Play-to-Earn Meme Coin Tamadoge Begins a Major Marketing Push to Secure Top CEX Listings – Staking Launches Today Thursday, August 31, 2023 – Web3 play-to-earn (P2E) meme coin gaming platform Tamadoge is launching a major marketing push that will include the promotion of new staking and burn features as the team targets more top exchange listings.Staking begins today, Thursday, August 31. It is a flexible system, meaning staked tokens can be withdrawn at any time, while the annual percentage yie...

Blog • 31 August 2023, Thursday, 08:00

Bitcoin Price Prediction: ETF Likelihood Rises; Robinhood Integration Curbs BTC Losses

Bitcoin Price Prediction: ETF Likelihood Rises; Robinhood Integration Curbs BTC Losses Bitcoin maintained a trading level of $27,280 on Thursday, experiencing a slight decrease of less than 1%. The market's momentum shifted due to a favorable judgment in Grayscale Investments' Bitcoin ETF lawsuit against the US Securities and Exchange Commission (SEC). This led to a partial retracement of the gains achieved on Wednesday. This legal victory has garnered attention from Bloomberg analysts, ...

Blog • 31 August 2023, Thursday, 07:40

Binance to Drop Support for BUSD Stablecoin by 2024

Binance to Drop Support for BUSD Stablecoin by 2024 Binance, the largest cryptocurrency exchanges in the world, has revealed intentions to delist eight Binance USD (BUSD) trading pairs as part of a broader plan to withdraw full support for the stablecoin by 2024. In a Wednesday blog post, the company revealed that Binance Margin will suspend AMB/BUSD, DASH/BUSD, FIDA/BUSD, HARD/BUSD, HOT/BUSD, IOST/BTC, NULS/BUSD, PORTO/BUSD and REQ/BUSD isolated margin borrowing by early September. On September...

Blog • 31 August 2023, Thursday, 06:10

South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec

South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges.YTN reported that the Seoul Southern District Prosecutors’ Office’s Financial Investigation Department wants to try golfer Ahn Seong-hyun and Lee Sang-jun (54), the CEO of Bithumb Holdings.Prosecutors suspect that the duo may have listed tokens on the exchange in exchange...

Blog • 31 August 2023, Thursday, 04:30

Worldcoin Sets New Sign-Up Record in Argentina Despite Ongoing Investigation Over Data Privacy

Worldcoin Sets New Sign-Up Record in Argentina Despite Ongoing Investigation Over Data Privacy Worldcoin, co-founded by Sam Altman, has reported a single-day record of approximately 9,500 Argentinians successfully verifying their World ID despite ongoing investigations into the project over data privacy concerns. Worldcoin sign-ups in Argentina, averaging at one verified individual every 9 seconds, propelled the World App, the project's inaugural wallet, to temporarily claim the number one s...

Blog • 31 August 2023, Thursday, 02:20

Bitcoin Price Prediction as BTC Blasts Up 5% After Huge Volume Spike – Can BTC Reach $40,000 Soon?

Bitcoin Price Prediction as BTC Blasts Up 5% After Huge Volume Spike – Can BTC Reach $40,000 Soon? Bitcoin (BTC) has broken its downward trend and surged above the $27,000 mark, marking an impressive comeback after two weeks. However, this surge can be attributed to a legal victory for Grayscale in the United States. The court ruled favorably for Grayscale in its legal battle against the Securities and Exchange Commission (SEC). As we know, the focal point of the legal battle was Grayscale's...

Blog • 31 August 2023, Thursday, 01:50

Best Crypto to Buy Now August 30 – EOS, THORChain, Fantom

Best Crypto to Buy Now August 30 – EOS, THORChain, Fantom The U.S. Securities and Exchange Commission (SEC) is set to make initial rulings this week on several proposed Bitcoin exchange-traded funds (ETFs).The regulatory body is set to either sanction, reject, or postpone verdicts on Bitcoin ETF submissions by leading financial firms such as BlackRock, Fidelity, and Bitwise.With the anticipated macroeconomic development on the horizon, what are the best cryptos to buy now?According to federal re...

Blog • 31 August 2023, Thursday, 01:10

China Set for Digital Yuan Adoption Drive Ahead of Asian Games

China Set for Digital Yuan Adoption Drive Ahead of Asian Games China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time.Citizens in the pilot zones will be able to buy tickets for the event using the central bank’s official CBDC app – a first for a major sporting event in China.The games will be held in Hangzhou, Zhejiang Province, from September 23 to October 8.Beijing ...

Blog • 30 August 2023, Wednesday, 19:40

SEC Chair Gary Gensler Set for Back-to-Back Hearings Before Congress

SEC Chair Gary Gensler Set for Back-to-Back Hearings Before Congress Securities and Exchange Commission (SEC) Chairman Gary Gensler is scheduled to appear before Congress twice in September, first testifying to the Senate Banking Committee on September 12 and later to the House Financial Services Committee on September 27. The hearings follow mounting criticism from Republican lawmakers over the SEC's approach to regulating cryptocurrencies and digital assets.Gensler Under Fire for Stance on...

Blog • 30 August 2023, Wednesday, 19:30

Biggest Crypto Gainers Today on DEXTools – BEPE, EMERSO, XPEPE

Biggest Crypto Gainers Today on DEXTools – BEPE, EMERSO, XPEPE Bitcoin's price rose to nearly $28,143 on Tuesday following a positive legal ruling for digital asset manager Grayscale. However, analysts remain cautious about the sustainability of the rally amid low spot market volumes.Data showed Bitcoin's price gained 7.5% after a federal court ruled that the Securities and Exchange Commission was "wrong" to deny Grayscale's application to convert its Bitcoin Trust into a spot Bitcoi...

Blog • 30 August 2023, Wednesday, 18:20

Elon Musk's X Social Media Platform Acquires Crypto Payments License

Elon Musk's X Social Media Platform Acquires Crypto Payments License The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US.The specific license is the Rhode Island Currency Transmitter License, issued to X on August 28, according to publicly available data from the Nationwide Multi-State Licensing System (NMLS).With the license from Rhode Island, X can legally conduct activities such as “maintai...

Blog • 30 August 2023, Wednesday, 18:10

Uniswap Class Action Dismissed in Landmark Ruling for DeFi

Uniswap Class Action Dismissed in Landmark Ruling for DeFi Legal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed. Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange Commission (SEC) against Coinbase — found no grounds to proceed with the lawsuit against Uniswap. The verdict arrived after an extended legal process l...

Blog • 30 August 2023, Wednesday, 16:50

YPRED Presale Now Open: Here's Why This Token Will Transform AI-Driven Trading

YPRED Presale Now Open: Here's Why This Token Will Transform AI-Driven Trading Countless people have felt the sting of ill-timed investments, often resulting from a lack of insightful forecasting tools. History is replete with tales of missed opportunities and financial misjudgments. As the lines between market forecasting and artificial intelligence blur, however, a project stands at this intersection promising to help traders and investors find the best opportunities. yPredict offers a sy...

Blog • 30 August 2023, Wednesday, 16:40

BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins

BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert "trade-only" wallet assets into stablecoins, “that wallet users could then withdraw.”According to the proposal, these assets comprise less than one-half of a percent (0.5%) of all wallet addresses of BlockFi users in the US. The assets include Algor...

Blog • 30 August 2023, Wednesday, 16:30

Private Wealth Firm Bernstein Says Grayscale Win Against The SEC Increases Odds For ETF Approval

Private Wealth Firm Bernstein Says Grayscale Win Against The SEC Increases Odds For ETF Approval Wealth management firm Bernstein has said that the recent Grayscale victory over the Securities and Exchange Commission (SEC) will pave the way for a spot Bitcoin (BTC) ETF approval.In a research report released on Aug. 29, the broker noted that the win marks the second huge victory for the industry following Ripple’s partial win last month.Per the report, “this victory clears the path for a spot BTC...

Blog • 30 August 2023, Wednesday, 15:40

Web3 and the Financial Sector: Must-Knows for Business Leaders

Web3 and the Financial Sector: Must-Knows for Business Leaders Blockchain tech company Paxos published a blog post on Tuesday illustrating how Web3 can empower enterprises in the financial sector, and kickstart a “new era” of digital sovereignty.“Web3” is a loose term for capturing the oncoming third generation of the internet, which combines the decentralization of the early internet with the utility and functionality of the modern age.Blockchain is at the center of this transformation, creatin...

Blog • 30 August 2023, Wednesday, 15:10

Today in Crypto: Binance Japan to Offer 3x More Coins, HashKey Partners with imToken

Today in Crypto: Binance Japan to Offer 3x More Coins, HashKey Partners with imToken Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Exchange newsBinance Japan said that it aims to offer at least 100 tokens on its platform in the short term, which is about three times the current offering, according to Bloomberg. It currently lists 34 tokens.Asia-based crypto exchange HashKey partnered with cr...

Blog • 30 August 2023, Wednesday, 14:40

Is It Too Late to Buy Bitcoin SV? BSV Price Rallies Up 10% and Launchpad Platform Uses AI to Find the Next Crypto to Explode

Is It Too Late to Buy Bitcoin SV? BSV Price Rallies Up 10% and Launchpad Platform Uses AI to Find the Next Crypto to Explode Leading hard fork project Bitcoin SV (BSV) has surged +10% overnight following the bullish news that the SEC will have to abandon the current legal argument used to prevent a Bitcoin spot ETF.The revelation from the three-judge panel of the District of Columbia Court of Appeals in Washington ruled that the SEC failed to fully explain why it had rejected Greyscale's pro...

Blog • 30 August 2023, Wednesday, 14:10

TinyTap Unveils New AI Features and Roadmap to Revolutionize Learning Material Creation for Children

TinyTap Unveils New AI Features and Roadmap to Revolutionize Learning Material Creation for Children The world's largest educational games library, TinyTap, a subsidiary of Animoca Brands, launches new AI features on its platform and roadmap on August 30, further integrating AI and Web3 for education.Founded in 2012, TinyTap has established itself as the world's largest repository of educational games, boasting an impressive collection of over 250,000 activities crafted by educators and ...

Blog • 30 August 2023, Wednesday, 14:00

Prada Group Uses Blockchain Technology to Verify Authenticity of Products

Prada Group Uses Blockchain Technology to Verify Authenticity of Products Prada Group, the parent company of Miu Miu, has embraced high-tech solutions like blockchain technology to combat counterfeit products.The company, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products, according to a Wednesday report from Bloomberg. “This authentic Prada product’s certificate has been uploaded on Aur...

Blog • 30 August 2023, Wednesday, 13:40

Altcoin Season Takes Off, Viral Meme Coin Sonik Attracts $750k With Just 6 Days Left to Buy at Low Prices

Altcoin Season Takes Off, Viral Meme Coin Sonik Attracts $750k With Just 6 Days Left to Buy at Low Prices Wednesday, August 30th, 2023 – Altcoin season looks set to take off, and new meme coin Sonik Coin in a show of strength, has raised more than $750,000 from hungry investors.News that Grayscale has won its bitcoin ETF case against the US Securities and Exchange Commission has lit a fire under altcoin prices.Meme coins continue to be one of the most traded coin sectors in the crypto complex, a...

Blog • 30 August 2023, Wednesday, 13:10

This Chainlink Contender Raised Over $2.4M: Could it Just be the Beginning?

This Chainlink Contender Raised Over $2.4M: Could it Just be the Beginning? Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The recent triumph of InQubeta's (QUBE) presale has ignited a blaze of interest among crypto investors.With impressive presale funding of over $2.4 million, InQubeta is now a formidable contender compared to the prominent Chainlink (LINK) project. What truly captures investors' attention is the feeling that this eve...

Blog • 30 August 2023, Wednesday, 12:40

Tether Turns to Britannia Bank & Trust Amidst US Crypto Banking Struggles

Tether Turns to Britannia Bank & Trust Amidst US Crypto Banking Struggles Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.Although it remains unclear exactly when the new banking relationship started, Tether has allegedly instructed clients to send funds to Britannia's bank account in recent months.Tether, which iss...

Blog • 30 August 2023, Wednesday, 12:30

UN Alerts Rapid Rise of Victims in Southeast Asia ‘Forced’ Into Crypto Scams

UN Alerts Rapid Rise of Victims in Southeast Asia ‘Forced’ Into Crypto Scams A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes.The report indicates that a majority of people trafficked into online scam operations are men. However, women and children are also among the victims. Thes...

Blog • 30 August 2023, Wednesday, 12:00

DOJ Asks Court to Reject Bankman-Fried's Planned Defense, Labeling it "Irrelevant"

DOJ Asks Court to Reject Bankman-Fried's Planned Defense, Labeling it "Irrelevant" The US Department of Justice has asked a court to reject Sam Bankman-Fried’s planned defense to blame a law firm for the FTX fraud.In a Tuesday legal filing, the DOJ said Bankman-Fried’s defense, which argues that the disgraced crypto boss acted on the advice of previous counsel in regard to his alleged actions at FTX and Alameda Research, is irrelevant and confusing. “The Court should preclude irrelevant, co...

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