Mining Blog & Mining News

Blog • 30 August 2023, Wednesday, 11:30

XRP Price Prediction as $1.5 Billion Trading Volume Floods In – Are Whales Buying?

XRP Price Prediction as $1.5 Billion Trading Volume Floods In – Are Whales Buying? The XRP price has risen to $0.529853 today, representing a 3% gain in 24 hours as the cryptocurrency market benefits from Grayscale's successful appeal against the SEC.XRP is now up by 1.5% in the past week, yet the altcoin remains down by 25% in the last 30 days, following a difficult few weeks for crypto that had been marked by macroeconomic fears and regulatory concerns.However, with XRP still up by 55% sin...

Blog • 30 August 2023, Wednesday, 11:20

Is Sui Blockchain Going to Zero? SUI Price Falls as Wider Crypto Market Bounces and Sonik Coin Secures $750,000

Is Sui Blockchain Going to Zero? SUI Price Falls as Wider Crypto Market Bounces and Sonik Coin Secures $750,000 Sui Network's (SUI) attempted recovery rally appears to be breaking down, following a double-barrelled rejection from the descendant lower trendline - leaving disparate bag-holders asking is Sui Blockchain going to zero?The +40% recovery rally was triggered by a bounce off lower trendline support on August 17, and saw SUI price surge across 7-days to reclaim the 20DMA and hit a loc...

Blog • 30 August 2023, Wednesday, 10:50

Why Smart Investors are Betting Big on Borroe ($ROE), As Sui (SUI) & Litecoin (LTC) Take a Downturn Spiral

Why Smart Investors are Betting Big on Borroe ($ROE), As Sui (SUI) & Litecoin (LTC) Take a Downturn Spiral Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The crypto market tanked on August 17, severely damaging the performance of many tokens. Sui (SUI) and Litecoin (LTC) were particularly affected, especially as they had both been on bullish rallies before the market downturn. Now, investors are looking for what tokens still offer good retu...

Blog • 30 August 2023, Wednesday, 10:40

Stacks Price Prediction as STX Becomes Best Performing Coin in the Market – Time to Buy?

Stacks Price Prediction as STX Becomes Best Performing Coin in the Market – Time to Buy? The price of Stacks (STX) has risen by 16.5% in the past 24 hours, with the coin's move to $0.526349 making it the best-performing major cryptocurrency today.STX is also up by 12% in the past week, while remaining down by 12% in the last 30 days.The altcoin's move today comes in the wake of the news that Grayscale has won an appeal against the Securities and Exchange Commission, which will now have t...

Blog • 30 August 2023, Wednesday, 10:30

Robinhood Ends Crypto Partnership with Jump Trading – What's Going On?

Robinhood Ends Crypto Partnership with Jump Trading – What's Going On? Retail broker Robinhood has reportedly ended its crypto business relationship with market maker Jump Trading, and the regulatory environment in the US may be a reason. In 2018, Robinhood Markets Inc. decided to add cryptocurrency trading - but it needed help to do so, given the major trading houses' skepticism towards the novel market. This is where the Chicago-based Jump Trading LLC came in, which has been active i...

Blog • 30 August 2023, Wednesday, 10:20

PigLido Meme Coin Gains 30,000% in 24 Hours and Wall Street Memes Could Be Next – Here's Why

PigLido Meme Coin Gains 30,000% in 24 Hours and Wall Street Memes Could Be Next – Here's Why In a stunning display, DEX token PigLido has skyrocketed a mind-blowing +30,000% in just 24-hours, and with a second-leg seemingly underway - how high could this moon-shot go?PigLido token appears to be a spin-off of PigLido (PIGO) - a brand new Web3 ecosystem aiming to simplify access for users in developing nations in Asia and Africa.Plans for the genuine PigLido project include the development of...

Blog • 30 August 2023, Wednesday, 10:10

Transport Operators in Jamaica Interested in Adopting CBDC Payments

Transport Operators in Jamaica Interested in Adopting CBDC Payments Transport operators in Jamaica have expressed interest in using the country's central bank digital currency (CBDC) for payments. Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), has been actively promoting the adoption of Jam-Dex within the transport community, according to a report from local media outlet Jamaica Observer. Antonio argued that the CBDC can increase op...

Blog • 30 August 2023, Wednesday, 10:00

Bitcoin Cash Price Prediction as Grayscale's SEC Lawsuit Ruling Sends BCH Soaring – What's Going On?

Bitcoin Cash Price Prediction as Grayscale's SEC Lawsuit Ruling Sends BCH Soaring – What's Going On? The Bitcoin Cash price has risen by 15% in the past 24 hours, with its jump to $219.44 following yesterday's news that Grayscale has won a court appeal against the Securities and Exchange Commission.Grayscale's victory now means that the SEC has to re-review Grayscale's application for a spot-based Bitcoin ETF, a development which has given a boost not only to BTC, but to BT...

Blog • 30 August 2023, Wednesday, 09:40

Japanese Regulators Greenlight EOS Token Trading, Enabling Pairing with Japanese Yen

Japanese Regulators Greenlight EOS Token Trading, Enabling Pairing with Japanese Yen The EOS Network has secured whitelist approval from Japan's crypto regulator allowing EOS token to be traded against the Japanese yen on the regulated crypto exchanges of Japan.The EOS network announced in a blog post that the trading opportunity is slated to become operational in September, on the BitTrade exchange.Yves La Rose, CEO of the EOS Network Foundation, expressed the significance of tapping into t...

Blog • 30 August 2023, Wednesday, 08:00

Bitcoin Price Prediction amid Legal Victory for Grayscale and Strong Q2 Earnings for Bitcoin Miner Canaan

Bitcoin Price Prediction amid Legal Victory for Grayscale and Strong Q2 Earnings for Bitcoin Miner Canaan Amidst a dynamic landscape in the cryptocurrency realm, Bitcoin's price has taken center stage. Currently trading at $27,452, reflecting a notable 5.5% increase on Wednesday, Bitcoin's trajectory continues to capture attention. This analysis delves into the recent legal victory achieved by Grayscale in the Bitcoin ETF Conversion Lawsuit and the impressive second-quarter earnings repo...

Blog • 30 August 2023, Wednesday, 06:20

China’s JD, ICBC to Launch Digital Yuan Supply Chain Financing Solution

China’s JD, ICBC to Launch Digital Yuan Supply Chain Financing Solution Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.Per CICC (via Cnfol), the latest innovation has been developed by JD Technology, in conjunction with the Industrial and Commercial Bank of China (ICBC).JD Technology is the IT services arm of the e-commerce giant JD.com (also known as Jindong), China’s answer to Amazon.Bot...

Blog • 30 August 2023, Wednesday, 06:10

US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling

US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday. Reacting to the ruling on Grayscale lawsuit, Congressman Davidson wrote that Grayscale’s victory provides more evidence that Gary Gensler’s actions at the SEC are arbitrary and capricious.The court had earlier granted Grayscale’s petition and v...

Blog • 30 August 2023, Wednesday, 03:50

Swiss Bank SEBA Gets in-principle Approval From Hong Kong Regulators to Offer Crypto Services

Swiss Bank SEBA Gets in-principle Approval From Hong Kong Regulators to Offer Crypto Services Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.The AIP signals a pivotal moment for SEBA Hong Kong, the bank's regional subsidiary, as it paves the way for the acquisition of an official license upon meeting SFC's sti...

Blog • 30 August 2023, Wednesday, 02:00

Bitcoin Price Prediction as Rumors Emerge About Deceased Wagner Leader Pirogozhin's Billion-Dollar BTC Wallet – What's Going On?

Bitcoin Price Prediction as Rumors Emerge About Deceased Wagner Leader Pirogozhin's Billion-Dollar BTC Wallet – What's Going On? Bitcoin, the world's largest cryptocurrency, experienced a drop below $26,000 in the past day, but quickly recovered above, settling around $26,070. Bitcoin has had a difficult month, with an 11% decrease caused by increased selling pressure and a lack of new market drivers.Currently, a back-and-forth battle is happening between those who want to buy and ...

Blog • 30 August 2023, Wednesday, 01:10

Russian Banks to Quiz Central Bank on Digital Ruble Pilot Next Month

Russian Banks to Quiz Central Bank on Digital Ruble Pilot Next Month Russian banks will have the opportunity to question the Central Bank on its digital ruble pilot next month.The Central Bank is facing a backlash from some sections of the banking industry after beginning “real-world” transactions with its CBDC earlier this month.The megabanks Sberbank and Tinkoff Bank also withdrew from the pilot at the eleventh hour for undisclosed reasons.The Association of Banks of Russia (ASROS), Russia’s b...

Blog • 30 August 2023, Wednesday, 00:30

Binance Launches Send Cash For Quick and Low-Cost Crypto Transfers in Nine Latin American Countries

Binance Launches Send Cash For Quick and Low-Cost Crypto Transfers in Nine Latin American Countries Following Binance's suspension of its cryptocurrency debit card services, Binance is introducing a new product in Latin America called "Send Cash," which enables users from 9 countries in the region to transfer crypto using Binance Pay.In its statement on Tuesday, Binance ‘Send Cash’ will enable users to swiftly transfer digital funds at lower costs through authorized providers.This platform c...

Blog • 29 August 2023, Tuesday, 23:10

Bitcoin Adoption Grows in Argentina as El Salvador Proceeds with Caution

Bitcoin Adoption Grows in Argentina as El Salvador Proceeds with Caution Bitcoin adoption in Argentina is surging, contrasting the more measured approach seen in El Salvador. As Argentina grapples with soaring inflation, its citizens are increasingly turning to Bitcoin, driven by economic challenges and political shifts.Bitcoin Adoption Finds Fertile Ground in Argentina's Economy The economic climate in Argentina is proving to be a catalyst for a heightened interest in Bitcoin. With the loom...

Blog • 29 August 2023, Tuesday, 23:00

Interlay Launches MVP of BOB, A New Bitcoin Layer 2 Bridge For Cross-Chain Token Transfers to the Bitcoin Network

Interlay Launches MVP of BOB, A New Bitcoin Layer 2 Bridge For Cross-Chain Token Transfers to the Bitcoin Network On August 29, the team behind decentralized Bitcoin infrastructure provider Interlay unveiled the Minimum Viable Product (MVP) of its BOB ("Build on Bitcoin") solution, a new Bitcoin layer 2 network.As a hub for innovation and decentralized application development, BOB integrates Rust smart contracts compatible with Bitcoin libraries like Lightning and Ordinal while supporting the Et...

Blog • 29 August 2023, Tuesday, 22:40

Best Crypto to Buy Now August 29 – XDC Network, Avalanche, Algorand

Best Crypto to Buy Now August 29 – XDC Network, Avalanche, Algorand Bitcoin jumped to a two-week high on Tuesday, August 29, after digital asset manager Grayscale won a lawsuit against the U.S. Securities and Exchange Commission (SEC).Bitcoin's price gained $1,400 within the first hour after the news broke. The ruling by the U.S. Court of Appeals for the District of Columbia Circuit stated the SEC was "arbitrary and capricious" in rejecting Grayscale's proposal for a Bitcoin exchange-tra...

Blog • 29 August 2023, Tuesday, 21:50

Binance Delists Banco de Venezuela From P2P Payment Service: What’s Going On?

Binance Delists Banco de Venezuela From P2P Payment Service: What’s Going On? Binance, the largest cryptocurrency exchange has removed Banco de Venezuela as a payment option from its peer-to-peer services in the country.Although no official statement has been issued by Binance, the move comes on the back of international sanctions from the United States Treasury Department.Crypto users in the country have confirmed that the state-run bank is not available for selection in the P2P service option ...

Blog • 29 August 2023, Tuesday, 20:50

SEC's Biased Stance Can Still Challenge Grayscale's ETF Aspirations

SEC's Biased Stance Can Still Challenge Grayscale's ETF Aspirations Grayscale Crypto Asset Management and Bitcoin supporters are taking a victory lap on Tuesday, although a final celebration is far from certain, as the SEC is not acting in a “fair and balanced” manner, Matthew Tuttle, CEO and CIO of Tuttle Capital Management, told Cryptonews.The U.S. Court of Appeals for the District of Columbia Circuit ruled on Tuesday that the SEC's rejection of Grayscale's Bitcoin trust-to-E...

Blog • 29 August 2023, Tuesday, 20:40

Bitcoin's Subtle Dance: Analyzing Weekly Trends and the ETF Wait Game

Bitcoin's Subtle Dance: Analyzing Weekly Trends and the ETF Wait Game Over the course of the week ending 8/27, the Bitcoin market saw some dramatic changes. Bitcoin settled around $26,000 last week, slightly outpaced by the S&P 500 and Nasdaq, which registered a week-over-week increase of 0.8% and 2.3% respectively. What caught the eye of many investors, however, was the contrasting stagnation of Bitcoin prices last week, reminiscent of the time prior to the filing of BlackRock’s spot Bitco...

Blog • 29 August 2023, Tuesday, 19:30

Jacobi Spot Bitcoin ETF Gets ESG Label Amid Surging Energy Concerns

Jacobi Spot Bitcoin ETF Gets ESG Label Amid Surging Energy Concerns Jacobi Asset Management has attached an ESG label to its Jacobi FT Wilshire Bitcoin ETF launched on the European market.The classification of the fund by the issuer under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) signifies that it promotes environmental, social, and governance (ESG) investing rules.A Bloomberg report on Aug 29 states the classification alongside Jacobi’s CEO Martin Bednall's ...

Blog • 29 August 2023, Tuesday, 18:40

Decred Launches Bison Relay v0.1.8: Revolutionizing E-Commerce with Decentralized 'Shopify'

Decred Launches Bison Relay v0.1.8: Revolutionizing E-Commerce with Decentralized 'Shopify' On August 29th, Decred (DCR/USD) introduced Bison Relay v0.1.8, a game-changing support system for e-commerce platforms that addresses the critical need for decentralization in the digital retail landscape.Bison Relay's latest iteration, v0.1.8, signifies a crucial advancement in reshaping decentralized e-commerce and bolstering user empowerment.Likened to a decentralized version of "Shopify...

Blog • 29 August 2023, Tuesday, 18:20

Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network

Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network Decentralized finance (DeFi) protocol Velodrome has launched Aerodrome, a new decentralized exchange (DEX) built for Coinbase’s layer 2 blockchain Base.The new DEX promises to allow traders to swap tokens with “minimal slippage” and low fees, while also rewarding users with governance tokens that can be used for voting and at the same time potentially increase in value.On its website, Aerodrome is described as a “next-generatio...

Blog • 29 August 2023, Tuesday, 18:10

Coinbase Probes Technical Glitch Leading to Empty Balances for Wallet Users – Here's the Latest

Coinbase Probes Technical Glitch Leading to Empty Balances for Wallet Users – Here's the Latest Coinbase has resolved a technical glitch that showed empty balances for some wallets and did not allow users to create new wallets or import existing wallets.According to an update on the company's status page, Coinbase has resolved the error plaguing its wallet. "Customers of Coinbase Wallet may experience an error trying to create new wallets or import existing wallets," Coinbase wrote on i...

Blog • 29 August 2023, Tuesday, 17:40

Social Media Powerhouse X Paves the Way for Digital Transactions

Social Media Powerhouse X Paves the Way for Digital Transactions Social media giant X, still reffered to many as Twitter, has obtained the regulatory green light to introduce cryptocurrency payments for its users. X's intent to integrate crypto solutions into its platform are well known, and the company is well-equipped to advance its goals thanks to an eToro partnership that was announced in April.Rhode Island Currency Transmission License Granted to XX has successfully secured the Rhode Is...

Blog • 29 August 2023, Tuesday, 17:30

Crypto Cybersecurity Firm OpenZeppelin Launches Blockchain Security Upgrade ‘Defender’ Version 2.0

Crypto Cybersecurity Firm OpenZeppelin Launches Blockchain Security Upgrade ‘Defender’ Version 2.0 Blockchain security firm OpenZeppelin has announced the launch of its Defender 2.0, a security upgrade for numerous blockchain applications.OpenZeppelin helps integrate a security audit into blockchain-based algorithms called smart contracts. OpenZeppelin Contracts are reviewed and tested continuously in order to reduce the cyber risk associated with developing safe decentralized applications on bl...

Blog • 29 August 2023, Tuesday, 17:20

Phishing Attacks Escalate for FTX Users Following SIM Swap Incident

Phishing Attacks Escalate for FTX Users Following SIM Swap Incident Several months after the shutdown of the FTX exchange, users are grappling with persisting issues that have locked them out of their capital stored on the platform.Former FTX customers have now fallen victim to a new phishing attack targeting their registered email addresses linked to the exchange."You have been identified as an eligible client to begin withdrawing digital assets from your FTX account," read an email received by...

Blog • 29 August 2023, Tuesday, 17:00

Biggest Crypto Gainers Today on DEXTools – X–Bird, NCWW, XSHIB

Biggest Crypto Gainers Today on DEXTools – X–Bird, NCWW, XSHIB A U.S. appeals court overturned a previous SEC decision on Tuesday, ruling in favor of asset management firm Grayscale Investments in its effort to launch a spot bitcoin exchange-traded fund (ETF).The unanimous verdict by the U.S. Court of Appeals for the District of Columbia could pave the way for regulatory approval of the first spot bitcoin ETF in the country, pending any appeals by the SEC.Given shifting macroeconomic dynamics an...

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