Mining Blog & Mining News

Blog • 21 October 2023, Saturday, 13:00

HayCoin Price Soars as Uniswap Creator Burns 99.99% of Test Coin Supply

HayCoin Price Soars as Uniswap Creator Burns 99.99% of Test Coin Supply HayCoin, a test coin created by Uniswap founder Hayden Adams, has experienced a dramatic surge in value after Adams decided to burn 99.99% of the token's supply. At the time of writing, HayCoin is trading at $2,538,123, up by more than 273% over the past day, according to data from CoinGecko. Adams revealed his decision in a Friday post on X (formerly Twitter), expressing discomfort with owning "almost the entire supply"...

Blog • 21 October 2023, Saturday, 09:00

XRP Price Prediction as Price Retracts to $0.5158: Is This a Healthy Correction Before the Next Uptrend?

XRP Price Prediction as Price Retracts to $0.5158: Is This a Healthy Correction Before the Next Uptrend? As XRP's price retracts to a notable $0.5158, the crypto community is abuzz with speculation. Is this merely a healthy correction paving the way for a subsequent uptrend, or are there other market dynamics at play? Delving into XRP's recent performance and underlying factors, we aim to provide a comprehensive price prediction for this prominent cryptocurrency.Let's dive into the d...

Blog • 21 October 2023, Saturday, 07:00

Scandal Unveiled: Web3 Game Project's $1.6 Million Exit Scam with Actors

Scandal Unveiled: Web3 Game Project's $1.6 Million Exit Scam with Actors The development team behind the gaming project FinSoul has been accused of carrying out a massive exit scam, defrauding investors of $1.6 million through market manipulation. According to a recent report from blockchain security platform CertiK, the FinSoul team allegedly employed paid actors to pose as executives and raised funds under the pretense of developing a gaming platform. However, instead of fulfilling their ...

Blog • 21 October 2023, Saturday, 05:00

Bitcoin Price Prediction as Bulls Push BTC Further Toward $30,000 Resistance – Where is BTC Going Next?

Bitcoin Price Prediction as Bulls Push BTC Further Toward $30,000 Resistance – Where is BTC Going Next? As Bitcoin continues its impressive trajectory, bulls are ardently pushing the cryptocurrency ever closer to the significant $30,000 resistance mark. Currently, Bitcoin stands at a commendable price of $29,615, marking a nearly 1.5% increase on Saturday alone. However, as enthusiasm mounts, critics raise alarms about potential vulnerabilities, drawing parallels with historic precious metal man...

Blog • 21 October 2023, Saturday, 01:00

Bitcoin Price Prediction as BTC Leaps toward $30,000 – Is The Bull Market Starting?

Bitcoin Price Prediction as BTC Leaps toward $30,000 – Is The Bull Market Starting? The current price of Bitcoin today is a remarkable $29,599, reflecting a 3% increase in the past 24 hours.A robust 24-hour trading activity is recorded at approximately $21.8 billion on the volume front. As for its standing in the vast crypto arena, Bitcoin retains its crown with a #1 ranking on CoinMarketCap. The digital currency's market capitalization is nothing short of impressive at roughly $577.76 billi...

Blog • 20 October 2023, Friday, 23:00

Reddit Forum Moderators Discard Reward Tokens Hours Before Program Shutdown

Reddit Forum Moderators Discard Reward Tokens Hours Before Program Shutdown Data analyst Pledditor has revealed that three moderators linked to Reddit's cryptocurrency forum sold over 100,000 MOON tokens before its Community Point program shut down.According to Reddit’s announcement on October 17, the platform disclosed its plans to discontinue its long-running blockchain-based rewards service ‘Community Points’ by November 8. These Community Points are ERC-20 tokens minted on the Ethereum c...

Blog • 20 October 2023, Friday, 21:00

Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt

Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt Blockchain file-sharing and payment network, LBRY, announced the termination of its operations, citing "several million dollars" in debts owed to the SEC, its legal team, and a private debtor.On October 20th, the blockchain firm issued its final message to the crypto community on its video-sharing website Odysee and X, stating that "this will be our last post." In the heartfelt message the company shared, they acknowledged that th...

Blog • 20 October 2023, Friday, 17:00

Crypto Investors are Buzzing About This AI Crypto Platform – What's the Hype?

Crypto Investors are Buzzing About This AI Crypto Platform – What's the Hype? Raising $1.92 million in its ongoing LPX token presale so far, Launchpad XYZ is attracting a varied pool of cryptocurrency investors by offering both utility and time-limited incentives. The presale's proceeds are slated for the development of a platform focused on diverse Web 3.0 applications, including a decentralized exchange and fractional ownership of high-value assets.Visit Launchpad XYZ NowA Dynamic App...

Blog • 20 October 2023, Friday, 15:00

Biggest Crypto Gainers Today on DEXTools – COINRIG, BLOX, LOONG

Biggest Crypto Gainers Today on DEXTools – COINRIG, BLOX, LOONG Optimism that the SEC will soon approve a spot Bitcoin ETF is growing and this is sending Bitcoin (BTC) and the broader crypto market higher on Friday.Bitcoin was last trading in the mid-$29,000s, up over 3% in the last 24 hours and up nearly 11% in the last seven days, as per CoinGecko.The list of major institutions (most recently JP Morgan) and analysts who have publicly stated they expect near-term spot Bitcoin ETF approvals in t...

Blog • 20 October 2023, Friday, 13:00

Amid Uncertainties in Bitcoin Cash (BCH) and Avalanche (AVAX), Market Talk Favors VC Spectra (SPCT)

Amid Uncertainties in Bitcoin Cash (BCH) and Avalanche (AVAX), Market Talk Favors VC Spectra (SPCT) The crypto market is pretty volatile as the bears and bulls fight for dominance. Most recently, Bitcoin Cash whales accumulated 150,000 BCH coins between September 21 and October 4. Elsewhere, Stars Arena, the popular social finance that has seen an uptick in network activity on Avalanche (AVAX), announced on October 11 that it had recovered 90% of the hacked funds. Yet, after raising $2.4 million...

Blog • 20 October 2023, Friday, 11:00

Reddit Moderators Accused of Moon Token Dump Ahead of Blockchain Program Shutdown

Reddit Moderators Accused of Moon Token Dump Ahead of Blockchain Program Shutdown Allegations surfaced on Wednesday concerning Reddit moderators who are accused of dumping Moon tokens just minutes before the social media platform announced the termination of its blockchain-based community points program on October 17. The evidence comes from multiple on-chain data analytics and has caused controversy within the cryptocurrency community.New Data Calls Subreddit Moderators' Ethics into Questio...

Blog • 20 October 2023, Friday, 09:00

Epic Game Store Launches New Crypto Game by Creator of 'Magic: The Gathering' – Adoption on the Rise?

Epic Game Store Launches New Crypto Game by Creator of 'Magic: The Gathering' – Adoption on the Rise? The creator of the popular card game "Magic: The Gathering," Richard Garfield, is now delving into the world of blockchain gaming with a new digital card game called "Brawlers," co-designed by Garfield himself.The game is already available free of charge on the Epic Game Store, offering a large user base access to this Web3 gaming experience.Developed by Tyranno Studios, "Brawlers" all...

Blog • 20 October 2023, Friday, 07:00

Shiba Inu Price Prediction as Whale Moves 4 Trillion SHIB to Unknown Wallet – What's Going On?

Shiba Inu Price Prediction as Whale Moves 4 Trillion SHIB to Unknown Wallet – What's Going On? The Shiba Inu price has gained by 4.5% today, with its rise to $0.00000701 coming as the wider crypto market increase by the same percentage in the last 24 hours.SHIB is now up by 2.6% in the past week, with today's movements potentially being helped along by a whale who transferred around $31.75 million in SHIB to an unknown wallet.And with SHIB still being down by 4% in a month and by 13.5% ...

Blog • 20 October 2023, Friday, 05:00

Base Code Becomes Open-Source, Coinbase Stresses on Transparency and Partnerships

Base Code Becomes Open-Source, Coinbase Stresses on Transparency and Partnerships Layer 2 network, Base has announced its decision to build in the open allowing public access to smart contract codes citing transparency, accountability, and partnerships.On Oct 19, Base released a statement explaining the decision to go open-source for both developers and the community adding that all smart contract and web GitHub repositories can be accessed.“We’ve open-sourced our smart contract repos to provide...

Blog • 20 October 2023, Friday, 03:00

Binance Announces Alliance With Fiat Partners to Offer EUR Services – Here’s the Latest

Binance Announces Alliance With Fiat Partners to Offer EUR Services – Here’s the Latest Crypto behemoth Binance has introduced new fiat alliances to provide Euro transactions. The exchange confirmed that the initiative has commenced and users have already migrated to the new services.The new partnership promises to usher in various fiat services, including Euro (EUR) deposit and withdrawal through open banking, SEPA (Single Euro Payments Area), crypto buy/sell using bank cards and fiat balances,...

Blog • 20 October 2023, Friday, 01:00

DEX Platform SynFutures Secures $22M in Series B Funding Round Led By Pantera Capital

DEX Platform SynFutures Secures $22M in Series B Funding Round Led By Pantera Capital Permissionless perpetual trading platform SynFutures has recently secured $22 million in a Series B funding round.Dan Morehead’s Pantera Capital led the investment round. But other participants include Hashkey Capital, SIG DT Investments (a subsidiary of Susquehanna International Group).SynFutures’ new funding is the second since the launch of the decentralized trading protocol a few years ago. In June 2021, Sy...

Blog • 19 October 2023, Thursday, 23:00

Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits

Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits Central Bank also wants to lift “all” restrictions on the use of its digital ruble.Regulator claims that its CBDC will not replace cash or conventional forms of bankingRussia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes.Per Finam, the Central Bank and the Ministry of Finance say they are “exploring the possibility of using the digital ruble for g...

Blog • 19 October 2023, Thursday, 21:00

Binance Academy and Blockchain Center To Expand World’s Largest Crypto Education Program

Binance Academy and Blockchain Center To Expand World’s Largest Crypto Education Program Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.The organizations have teamed up to educate 1 million students on Web3 technology by 2026. More than 200 universities in over 50 countries will feature in the landmark crypto education program.Binance Academy, the blockchain learning hub created by Binance, and Block...

Blog • 19 October 2023, Thursday, 19:00

Newest Top Meme Coin Wall Street Memes Set to Be No.1 Revenue and Profit Generator And Could Outshine Rollbit and Pepe

Newest Top Meme Coin Wall Street Memes Set to Be No.1 Revenue and Profit Generator And Could Outshine Rollbit and Pepe Thursday, October 19th, 2023 – GambleFi is generating revenue at an astounding rate and top meme coin Wall Street Memes has just staked out its ground in the highly profitable casino and sportsbook betting sector.Wall Street Memes’ announcement yesterday means it is the first major meme coin to actually have a use case that is generating revenue, as can be seen on the Wall Stree...

Blog • 19 October 2023, Thursday, 17:00

Circle USDC Issuer Releases Two New Beta Tools for Developers

Circle USDC Issuer Releases Two New Beta Tools for Developers USDC Issuer Circle has launched a smart contract platform and gas station, a major push to streamline Web3 services. The stablecoin firm, in its blog post on October 19, revealed that the new product releases are systematic to the broader decentralized finance (DeFi) landscape. The smart contract platform will unlock business value with several blockchains by allowing developers to easily embed contract interactions in their decentral...

Blog • 19 October 2023, Thursday, 15:00

SEC's Gensler on Bitcoin ETFs: Staff Working on Multiple Filings

SEC's Gensler on Bitcoin ETFs: Staff Working on Multiple Filings Securities and Exchange Commission (SEC) Chairman Gary Gensler remained tight-lipped as usual when asked about the state of spot Bitcoin ETF applications being handled by the agency on Wednesday.In an interview with Bloomberg, Gensler declined to comment on the agency’s next steps after losing in court to Grayscale – owner of the world’s largest Bitcoin fund – in August.At the time, judges unanimously found the SEC’s actions t...

Blog • 19 October 2023, Thursday, 13:00

Bank of Finland Initiates Development of Finnish Instant Payment Solution Aligned with European Standards

Bank of Finland Initiates Development of Finnish Instant Payment Solution Aligned with European Standards The Bank of Finland (BOF) has taken the lead in spearheading the development of a Finnish instant payment solution that aligns with European standards.During this year's fifth Euro and economy publication event on October 19, Tuomas Välimäki, a member of the Governing Council of the European Central Bank (ECB) and a board member of the Bank of Finland, addressed the active role that the ...

Blog • 19 October 2023, Thursday, 11:00

The Four Price Cycles: Morgan Stanley Says the Crypto Winter May Be Over

The Four Price Cycles: Morgan Stanley Says the Crypto Winter May Be Over Wealth management firm, Morgan Stanley opined that the crypto winter may be over ushering in the spring which indicates a slight boost in market activity.The company explained key market concepts in a blog post aimed at analyzing the bear market, its implications, and incoming cycles before and after next year’s halving event.According to the release, Bitcoin (BTC) was used in the market analysis because it remains the larg...

Blog • 19 October 2023, Thursday, 09:00

Bitcoin SV Price Prediction as Price Surges Over 10%: Is the Bullish Rally Set to Continue?

Bitcoin SV Price Prediction as Price Surges Over 10%: Is the Bullish Rally Set to Continue? Bitcoin SV (BSV) bulls remain in the driving seat, with the cryptocurrency up another 6.5% on Thursday as its extends its gains this week to over 27%.BSV, a 2018 fork of the Bitcoin blockchain that claimed to be aimed at bringing Bitcoin in line with Bitcoin creator Satoshi Nakamoto’s vision (hence its name Bitcoin Satoshi Vision or Bitcoin SV), was last trading just above $43 per token, just off its high...

Blog • 19 October 2023, Thursday, 07:00

Arkansas Residents Outcry Over Rising Crypto Mining Nuisance, Senator Seeks Governor’s Response

Arkansas Residents Outcry Over Rising Crypto Mining Nuisance, Senator Seeks Governor’s Response A senator from the US state of Arkansas is seeking answers from the governor's office as there is an increase in the outcry over unwanted cryptocurrency mines in small towns across the state.Residents of Mountain Pine have complained over “freaking loud” noise from a new crypto-mining facility in Garland County, according to a local news outlet Katv.“It's just freaking loud. High-pitched fans,...

Blog • 19 October 2023, Thursday, 05:00

Avalanche Blockchain Developer Looks to Expand in India, Hires Key Positions

Avalanche Blockchain Developer Looks to Expand in India, Hires Key Positions Ava Labs, the crypto firm supporting the Avalanche blockchain, is reportedly having plans to partner with Indian government agencies and institutions to expand its operations and help build applications on Avalanche (AVA).As a part of its expansion plans, the firm has hired Devika Mittal of OKX and Kamakshi Arjun of Polygon to head its Indian operations and business development, the company said Thursday.“I am so excite...

Blog • 19 October 2023, Thursday, 01:00

US Treasury Imposes Sanctions on Crypto Exchange Linked to Hamas Financing

US Treasury Imposes Sanctions on Crypto Exchange Linked to Hamas Financing The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on a crypto exchange in Gaza that is involved in Hamas fundraising. The targeted exchange, known as Buy Cash, operates from Gaza and is alleged to have played a role in facilitating terror financing activities.Israel’s National Bureau for Counter Terrorist Financing seized a number of crypto wallets in connection to a H...

Blog • 18 October 2023, Wednesday, 23:00

Russian ‘Crypto Queen’ Suspected of Sending Coins to Ukraine

Russian ‘Crypto Queen’ Suspected of Sending Coins to Ukraine Russian police think that a “crypto influencer” known as Bitmama, aka the “Queen of Crypto,” may have sent tokens to support Ukraine’s military.Valeria “Bitmama” Fedyakina was detained by police in September after an “acquaintance” accused her of fraud.She remains in custody, and a news network released an image, apparently showing her in a pre-trial detention center.Per the Telegram-based news channel SHOT and News.ru, the social medi...

Blog • 18 October 2023, Wednesday, 21:00

Bitcoin Price Prediction as BTC Fast Approaches $29,000 Level – Here are Key Levels to Watch

Bitcoin Price Prediction as BTC Fast Approaches $29,000 Level – Here are Key Levels to Watch Bitcoin, the undisputed king of the cryptocurrency market, is once again at an inflection point. As the pioneer digital asset fast approaches the $29,000 level, traders and investors alike are keeping a keen eye on critical price levels and market indicators to gauge the next possible move.Fundamental CatalystsBitcoin Spot ETFs: Data analytics firm CryptoQuant has made a bold prediction. If Bitcoin spot ...

Blog • 18 October 2023, Wednesday, 19:00

DeFi Protocol Elixir Raises $7.5M in Series A Round Led By Hack VC

DeFi Protocol Elixir Raises $7.5M in Series A Round Led By Hack VC DeFi platform Elixir has secured $7.5 million in a Series A investment fund led by Hack Venture Capital, bringing the protocol’s valuation to $100 million. Other participants in the round included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River Trading, Genesis Trading, and angels from Ledger Prime. The new capital will be used to expand the protocol’s team and accelerate the development of infrastructures, including...

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