Mining Blog & Mining News

Blog • 29 August 2023, Tuesday, 01:00

Bitcoin Shows Resilience Despite Rate Hike Concerns

Bitcoin Shows Resilience Despite Rate Hike Concerns Despite recent concerns about further potential interest rate hikes by the Federal Reserve, Bitcoin has shown notable resilience according to analysts. This comes after Fed Chair Jerome Powell's speech at the annual Jackson Hole symposium last week, where he indicated that more rate hikes may be on the horizon as the Fed battles elevated inflation.Bitcoin Bounces Back After Jackson Hole SelloffAccording to Sam Callahan, lead analyst at Swan...

Blog • 29 August 2023, Tuesday, 00:10

Is Friend.tech Really Dead? – Here's What We Know

Is Friend.tech Really Dead? – Here's What We Know Friend.tech, the newest social app for web3 launched early this month, has already been pronounced ‘dead’ by industry speculators following a sharp decline in inflows, volume, etc.Friend.tech is a blockchain-based platform that lets users buy and sell cryptos linked to their favorite influencers on Twitter, which act as “keys” to communicate directly with them.A sharp DeclineFriend.tech embarked on Coinbase’s layer-2 Base blockchain on Augus...

Blog • 28 August 2023, Monday, 22:20

SEC Charges Impact Theory Over NFT Sales

SEC Charges Impact Theory Over NFT Sales Today, Los Angeles-based media conglomerate Impact Theory came under scrutiny after being accused by the Securities and Exchange Commission (SEC) of executing an unregistered sale of crypto asset securities in the form of non-fungible tokens (NFTs). Details of the ChargeImpact Theory's recent endeavor involved raising close to $30 million by offering NFTs to investors spread across the United States. In the span between October and December 2021, the ...

Blog • 28 August 2023, Monday, 22:10

Best Crypto to Buy Now August 28 – THORChain, dYdX, Bitcoin SV

Best Crypto to Buy Now August 28 – THORChain, dYdX, Bitcoin SV Since reaching a high of nearly $69,000 in November 2021, Bitcoin has experienced a massive pricess drop, marking the cryptocurrency's most prolonged bear market so far.The world's largest cryptocurrency by market cap has remained in a bearish state for almost 490 days, a fact emphasized by Michaël van de Poppe in a post on the platform X, previously known as Twitter.Given Bitcoin's ongoing consolidation and uncertain pat...

Blog • 28 August 2023, Monday, 22:00

Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding

Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding Solana-based automation protocol Clockwork will be winding up its operations after its founder disclosed the company’s decision to step away from “active development of the protocol.” Nick Garfield, the founder of the protocol announced on Aug 28 the plans of the company to shut its doors by Oct 31 citing opportunity costs and lack of a commercial upside as the crypto bear market bites harder. “Ultimately the reason we ...

Blog • 28 August 2023, Monday, 19:40

Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022

Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022 Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27.The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions.According to data from on-chain analytics firms CryptoQuant and IntoTheBlock, the second-largest cryptocurrency, became the cheapest since Dec 26. The bearish market outlook plays a s...

Blog • 28 August 2023, Monday, 19:30

Bitcoin ETF's Future Uncertain as SEC Set to Rule on Key Filings

Bitcoin ETF's Future Uncertain as SEC Set to Rule on Key Filings Bitcoin ETF applications are facing a pivotal moment, with the U.S. Securities and Exchange Commission (SEC) slated to respond to several key filings right before the upcoming Labor Day weekend. Financial giants BlackRock, VanEck, Invesco, Bitwise, and WisdomTree all await the regulator's response, which could come as early as this Friday for Bitwise and the following day for the others. The choices before the SEC include ...

Blog • 28 August 2023, Monday, 19:20

A Look Inside The ‘Fidelity Mafia’ Of Crypto: Who Are They And What Do They Do Now?

A Look Inside The ‘Fidelity Mafia’ Of Crypto: Who Are They And What Do They Do Now? Fidelity Investments might seem an unlikely player in the cryptocurrency universe as it has been operating for nearly eight decades. Fidelity’s reputation in the traditional financial management industry is unrivaled which makes it surprising to some to learn it is an early pioneer and adapter of Bitcoin.Venturing Beyond TraditionIn a landscape typically devoid of associations with cryptocurrency in the early 201...

Blog • 28 August 2023, Monday, 19:10

Crypto Exchange Listing and Delisting Announcements: August 28, 2023

Crypto Exchange Listing and Delisting Announcements: August 28, 2023 Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.Have we missed something? Do you have information about new listings and/or delistings? Let us know here.__AscendEXListings:Space ID (ID)Moutain Sea World (MAW)FREEdom coin (FREE) BiboxListings: Sei (SEI) BinanceAdded Trading Pairs:CYBER/TUSDLPT/TRYSEI/TUSDUNI/TRY BitFore...

Blog • 28 August 2023, Monday, 18:00

Ben 'BitBoy' Crypto Fired From His Own Company In 'Coup' - What's Going On?

Ben 'BitBoy' Crypto Fired From His Own Company In 'Coup' - What's Going On? Prominent cryptocurrency influencer Ben Armstrong, founder of BitBoy Crypto, has announced his departure due to an internal coup led by TJ Shedd and Justin Williams.Despite expressing confidence in his position by stating, "Until they can clone me, I have nothing to worry about," Armstrong confirmed his departure on his joinBENCoin account, which was initially revealed by Bitcoin blogger Jason A....

Blog • 28 August 2023, Monday, 17:10

Robinhood Identified as Third-Largest BTC Wallet Owner

Robinhood Identified as Third-Largest BTC Wallet Owner The previously unidentified large BTC wallet that sparked widespread conjecture and analysis recently was identified last week. According to wallet data from Arkham Intelligence, investing and trading platform Robinhood holds over $3 billion in Bitcoin in this single BTC wallet, placing it behind only Binance and Bitfinex as one of the largest holders of Bitcoin.Robinhood’s Hidden TreasureThe identification of the BTC wallet solves one of th...

Blog • 28 August 2023, Monday, 16:40

Asia's Richest Man Mukesh Ambani To Invest In Blockchain To Drive 'Digital Adoption In India'

Asia's Richest Man Mukesh Ambani To Invest In Blockchain To Drive 'Digital Adoption In India' Indian multinational conglomerate Reliance’s financial services arm – Jio Financial Services (JFS) – is tapping blockchain tech and central bank digital currencies (CBDCs) for its offerings.Reliance head and Asia’s top billionaire Mukesh Ambani said during the company's annual general meeting, that JFS, which launched early this year, will explore “pathbreaking features” including the...

Blog • 28 August 2023, Monday, 16:30

Crypto Industry Positioned for Growth After Market Turbulence, Says Circle CEO Jeremy Allaire

Crypto Industry Positioned for Growth After Market Turbulence, Says Circle CEO Jeremy Allaire Despite a challenging year for the sector, Circle CEO Jeremy Allaire remains optimistic about the potential for growth and transformation in digital assets over the coming years – including on the regulatory front.During a newly published interview with Fortune, Allaire drew parallels between crypto’s volatility and historical technological booms and busts, such as the dot-com bubble of the late '90...

Blog • 28 August 2023, Monday, 16:20

The Swift Decline of Friend.tech: Crypto's Latest Fad Loses Steam

The Swift Decline of Friend.tech: Crypto's Latest Fad Loses Steam Friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens connected to their favorite influencers, has lost steam after its splashy debut. The project became the highest-earning service provider in decentralized finance shortly after its release. However, its rise was short-lived, with fees plummeting and user numbers dwindling.On August 21, friend.tech, which splits 10% of every token transact...

Blog • 28 August 2023, Monday, 16:10

OKX And Bybit Suspends Sanctioned Russian Banks From P2P Services

OKX And Bybit Suspends Sanctioned Russian Banks From P2P Services OKX and Bybit are the latest digital asset exchanges to delist sanctioned Russian banks from their peer-to-peer (P2P) services. Two Russian banks, Tinkoff Bank and Sberbank have both been removed from P2P services of some crypto exchanges due to Western sanctions following the invasion of Ukraine.According to local sources, crypto users can no longer receive fiat in exchange for their assets through both banks on OKX and Bybit’s P...

Blog • 28 August 2023, Monday, 15:50

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control' Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Legal newsAttorneys for FTX’s ex-CEO Sam Bankman-Fried filed a motion asking for his "temporary release,” arguing in a ...

Blog • 28 August 2023, Monday, 15:40

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control' Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Legal newsAttorneys for FTX’s ex-CEO Sam Bankman-Fried filed a motion asking for his "temporary release,” arguing in a ...

Blog • 28 August 2023, Monday, 15:30

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control' Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Legal newsAttorneys for FTX’s ex-CEO Sam Bankman-Fried filed a motion asking for his "temporary release,” arguing in a ...

Blog • 28 August 2023, Monday, 15:20

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control' Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Legal newsAttorneys for FTX’s ex-CEO Sam Bankman-Fried filed a motion asking for his "temporary release,” arguing in a ...

Blog • 28 August 2023, Monday, 15:10

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'

Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control' Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._Legal newsAttorneys for FTX’s ex-CEO Sam Bankman-Fried filed a motion asking for his "temporary release,” arguing in a ...

Blog • 28 August 2023, Monday, 13:50

Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns

Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021.According to local news reports, the country cites several reasons for the sudden decision ranging from electricity production to climate concerns linked to how it produced electricity due to drought.The country suffered drought in the first half...

Blog • 28 August 2023, Monday, 13:10

Exclusive: Galxe Set To Launch a Permissionless Self-Sovereign Identity Infrastructure, Galxe Protocol

Exclusive: Galxe Set To Launch a Permissionless Self-Sovereign Identity Infrastructure, Galxe Protocol In a confidential revelation to cryptonews, Galxe, a pioneering Web3 community development platform, has declared the imminent launch of the Galxe Protocol, a permissionless self-sovereign identity infrastructure set to reshape the landscape of digital identities.Having distributed over 100 million credentials to more than 12 million unique users through reward-driven campaigns and blockchain-b...

Blog • 28 August 2023, Monday, 12:40

South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million

South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September. The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen incidents such as hacks or system failures.As per local news reports, leading exchanges like Upbit and Bithumb are reportedly w...

Blog • 28 August 2023, Monday, 11:50

Layer 2 Solution Shibarium Resumes Asset Withdrawals on Bridge, Alleviating Previous Concerns

Layer 2 Solution Shibarium Resumes Asset Withdrawals on Bridge, Alleviating Previous Concerns Shibarium, the Layer 2 blockchain developed by the creators of memecoin Shiba Inu, is finally resuming token withdrawals via the bridge – a tool that transfers tokens across different networks.The pseudonymous lead developer of the Shiba Inu project, Shytoshi Kusama, announced Monday that the Shibarium ecosystem token withdrawals including ETH, SHIB, LEASH and Wrapped Ether (wETH) take 45minutes to 3 ho...

Blog • 28 August 2023, Monday, 10:20

Ethereum Price Prediction as OnlyFans Parent Company Confirms ETH Holdings – Crypto Adoption on the Rise?

Ethereum Price Prediction as OnlyFans Parent Company Confirms ETH Holdings – Crypto Adoption on the Rise? The Ethereum price has dropped by 1% in the past 24 hours, falling to $1,633 as the cryptocurrency market as a whole slips by 0.5% in the same amount of time.ETH is now down by 2% in a week and by 12% in the last 30 days, with the coin remaining up by 36% since the beginning of the year.Yet Ethereum could receive a boost in the next day or so, after it emerged yesterday that the parent compa...

Blog • 28 August 2023, Monday, 09:50

PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit

PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit Speaking at the B20 Summit India 2023, organized by CII, Prime Minister Narendra Modi emphasized the need for a worldwide framework for cryptocurrencies and the ethical implementation of artificial intelligence (AI).Modi, addressing the summit, which took place from August 25–27 in New Delhi, highlighted India's efforts to establish a global Green Credit framework and urged industry leaders to adopt environ...

Blog • 28 August 2023, Monday, 09:30

Synthswap Launches Decentralized Exchange with Concentrated Liquidity

Synthswap Launches Decentralized Exchange with Concentrated Liquidity Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.August 28, 2023 – Synthswap, a trailblazer in the decentralized exchange (DEX) landscape, is proud to announce the launch of its revolutionary trading platform, setting a new standard in the world of automated market-making (AMM) within the Base ecosystem.SynthSwap, emerging from the creators of ZyberSwap, introduces an innovativ...

Blog • 28 August 2023, Monday, 09:20

Oman's Multi-Million Crypto Investments Trigger Sharia Compliance Discussion

Oman's Multi-Million Crypto Investments Trigger Sharia Compliance Discussion The Sultanate of Oman is continuing its push into the world of cryptocurrency with a series of multi-million-dollar investments. The country, located on the southeastern coast of the Arabian Peninsula, aims to establish itself as a digital hub in a highly competitive region. The government has revealed plans to invest nearly $1.1 billion in cryptocurrency mining operations, according to a report from Forbes. "This ...

Blog • 28 August 2023, Monday, 09:10

EVs Are On the Rise Globally - And eTukTuk is A Crypto-Based Solution That is Helping Make The Transition

EVs Are On the Rise Globally - And eTukTuk is A Crypto-Based Solution That is Helping Make The Transition Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Without a doubt, the world is in need of a transition towards a more sustainable operational approach. This necessity is particularly pronounced in the realm of transportation, which stands as a significant contributor to the carbon emissions predicament. Fortunately, the means to establish a s...

Blog • 28 August 2023, Monday, 08:30

Bitcoin Price Prediction as $5 Billion Trading Volume Sends BTC Back in the Green – Time to Buy?

Bitcoin Price Prediction as $5 Billion Trading Volume Sends BTC Back in the Green – Time to Buy? In the intricate realm of cryptocurrency, Bitcoin stands at the forefront of strategic discussions, underscored by its formidable $5 billion trading volume that has adroitly positioned the asset back in the positive domain. Despite this momentum, the asset's current valuation hovers at $26,011, marking a nuanced dip of nearly 0.10% as of Monday.This valuation is not solely a function of trading d...

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