Mining Blog & Mining News

Blog • 26 July 2023, Wednesday, 01:10

Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?

Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates? Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing.Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank, has launched the country’s first e-CNY settlement service for bulk commodity trading firms at the Shanghai Clearing Ho...

Blog • 25 July 2023, Tuesday, 21:50

As Bitcoin (BTC) Remains Stuck Below $29,000, These 9 Indicators Suggest the Bull Market Remains Alive and Well

As Bitcoin (BTC) Remains Stuck Below $29,000, These 9 Indicators Suggest the Bull Market Remains Alive and Well Bitcoin (BTC) remains stuck to the south of the $29,000 level amid a lack of fresh positive catalyst to sustain the bullish momentum that saw it hit fresh yearly highs around $31,800 earlier this month.The cryptocurrency is for now holding to the north of its 50-Day Moving Average at $29,100 as Wednesday’s US Federal Reserve policy announcement looms.Markets are expecting a final 25 bp...

Blog • 25 July 2023, Tuesday, 21:30

Binance Research's H1 2023 Report: A Positive Note in Challenging Times for Crypto

Binance Research's H1 2023 Report: A Positive Note in Challenging Times for Crypto Binance's 120-page "Half-Year Report 2023 July 2023," released on July 20, provides insights into the current state of the crypto market, almost two years after its peak in late 2021.Despite facing challenges in the first half of the year, the crypto industry has demonstrated resilience, with positive growth in market capitalization on a quarterly, half-yearly, and annual basis.In the first half of 2023, ...

Blog • 25 July 2023, Tuesday, 20:40

Best Crypto to Buy Now 25 July – Maker, GMX, Trust Wallet

Best Crypto to Buy Now 25 July – Maker, GMX, Trust Wallet Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country's ambition to be at the forefront of Web3 innovation.His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp for Japanese investors to access cryptocurrencies, despite Binance’s ongoing jurisdicti...

Blog • 25 July 2023, Tuesday, 20:20

Bitcoin Price Prediction as Federal Interest Rate Decision Approaches – Has Bitcoin Bottomed Already?

Bitcoin Price Prediction as Federal Interest Rate Decision Approaches – Has Bitcoin Bottomed Already? With the upcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, market participants are eagerly awaiting the outcome and its potential impact on various financial assets, including Bitcoin.As the FOMC convenes to make decisions on the federal interest rate, the cryptocurrency market is on edge, with investors wondering whether Bitcoin has already reached its bottom or if ...

Blog • 25 July 2023, Tuesday, 18:50

Dogecoin Price Prediction as DOGE Bulls Eye Quick 20% Rally to This Key Resistance Zone

Dogecoin Price Prediction as DOGE Bulls Eye Quick 20% Rally to This Key Resistance Zone Dogecoin (DOGE) is pumping.The world’s largest meme cryptocurrency by market capitalization, which is an independent decentralized crypto network in its own right, jumped another 10% on Tuesday, taking its weekly gains to nearly 15%.Dogecoin has been pumping ever since Elon Musk’s rebrand of Twitter to X, which is touted to be an “everything” app akin to China’s WeChat that also offers users things like advan...

Blog • 25 July 2023, Tuesday, 18:40

Crypto's Early Innovator Turns Advocate for Compliance: The Charlie Shrem Saga

Crypto's Early Innovator Turns Advocate for Compliance: The Charlie Shrem Saga Charlie Shrem – founder of the fallen Bitcoin (BTC) exchange Bitshrem – has pivoted to being a voice for regulatory compliance after being jailed for crypto violations eight years ago.The exchange co-founder is now a general partner at Druid Ventures, an early-stage crypto VC firm providing growth and strategic advisory services.“There’s a whole bunch of people out there wrestling with the crypto compliance beast...

Blog • 25 July 2023, Tuesday, 18:20

Wall Street Grapples with Crypto Custody: Nasdaq's Decision Sparks Activity

Wall Street Grapples with Crypto Custody: Nasdaq's Decision Sparks Activity A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto.Following the Nasdaq news, major investment bank Citigroup is now also taking time to rethink its approach to crypto, with Bloomberg reporting on Monday that the bank is “reviewing its partnership” with Swiss crypto custody software provider Metaco.At ...

Blog • 25 July 2023, Tuesday, 18:10

Sam Bankman-Fried's Family Under Scrutiny: Court Filings Reveal Alarming Behavior

Sam Bankman-Fried's Family Under Scrutiny: Court Filings Reveal Alarming Behavior Recent court revelations surrounding Sam Bankman-Fried's family have exposed a web of deceit. One such revelation concerned Samuel Bankman, Bankman-Fried's father, who has been using the $10 million gifted to him by his son, which was allegedly looted from FTX customers, to pay for his legal defense.Moreover, it was revealed that he squandered at least a million of the funds on ill-advised cryptocurren...

Blog • 25 July 2023, Tuesday, 17:40

Crypto Startups Secure $201.4M in Funding: Futureverse and RISC Zero Lead the Way

Crypto Startups Secure $201.4M in Funding: Futureverse and RISC Zero Lead the Way Last week, venture capital and investment firms invested $201.4 million in crypto projects, with metaverse startup Futureverse and RISC Zero receiving the largest fundraises.Eleven companies recently announced funding rounds, with two standout raises. Metaverse startup Futureverse secured an impressive $54 million from its Series A funding round, led by 10T Holdings and Ripple Labs. At the same time, RISC Zero, a p...

Blog • 25 July 2023, Tuesday, 16:50

Green Crypto Coin Chimpzee Helps Users Generate Income and Fight Climate Change – How Does it Work?

Green Crypto Coin Chimpzee Helps Users Generate Income and Fight Climate Change – How Does it Work? Embracing an eco-conscious future is no longer an option but a necessity, with pressing concerns about environmental protection and sustainable practices gaining increased attention globally. A novel approach to this issue is seen with the introduction of green crypto, digital assets that match the ingenuity of blockchain with the spirit of ecological conservation. One such upcoming project is the...

Blog • 25 July 2023, Tuesday, 15:40

AscendEX Lists COPI, The Token of The Cornucopias Ecosystem and Game Built on Unreal Engine 5

AscendEX Lists COPI, The Token of The Cornucopias Ecosystem and Game Built on Unreal Engine 5 Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.July 25, 2023 – AscendEX is excited to announce the listing of Cornucopias under the trading pair: COPI/USDT. Trading begins on July 26th. COPI is the currency of the Cornucopias ecosystem.Cornucopias is set to redefine the gaming landscape as players delve into a bubble-verse, exploring vast floating dome...

Blog • 25 July 2023, Tuesday, 15:20

Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK's Data Watchdog to Examine Worldcoin

Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK's Data Watchdog to Examine Worldcoin 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 newsCrypto exchange Binance intends to ask the court to dismiss a lawsuit filed by the US Commodity Futures Trading Commission (CFTC) in March this year. In a filin...

Blog • 25 July 2023, Tuesday, 14:10

Is It Too Late to Buy Dogecoin? DOGE Price Pumps Up 10% as AI Crypto Signals Platform yPredict Raises $3.2 Million in Funding

Is It Too Late to Buy Dogecoin? DOGE Price Pumps Up 10% as AI Crypto Signals Platform yPredict Raises $3.2 Million in Funding The original meme coin $DOGE has seen a resounding +10% recovery pump push price back above the 200DMA for the first time since April, now pundits are asking is it too late to buy Dogecoin?The impressive pump comes amid a +47% recovery rally, ignited by $DOGE holders at lower trendline support on June 10.DOGE Price Analysis: Is it Too Late to Buy Dogecoin?The latest push ...

Blog • 25 July 2023, Tuesday, 13:30

Binance's New Platform in Japan to Provide Full Services from August

Binance's New Platform in Japan to Provide Full Services from August Binance revealed that it is finally ready to roll out its full services on its recently-launched subsidiary platform in Japan. The confirmation came from the exchange’s founder, Changpeng Zhao, during a conference in Tokyo earlier today, which he attended via video. Zhao said that the services will become available in full starting in August 2023.Binance to roll out full services of its new Japan-based platformIn late May ...

Blog • 25 July 2023, Tuesday, 13:10

Crypto Industry Celebrates XRP Court Ruling, but Long Road Ahead for Regulatory Framework

Crypto Industry Celebrates XRP Court Ruling, but Long Road Ahead for Regulatory Framework The cryptocurrency industry has been abuzz with excitement after a recent court ruling declared that Ripple's XRP token is not considered a security when sold on digital asset exchanges. The ruling has generated positive sentiment across the crypto ecosystem, offering hope for clarity in the regulatory landscape. Stuart Alderoty, chief legal officer at Ripple, has said that the most critical aspect of t...

Blog • 25 July 2023, Tuesday, 12:40

Coinbase Executive Tasks Australian Regulators To Speed Up Legislations To Remain Competitive

Coinbase Executive Tasks Australian Regulators To Speed Up Legislations To Remain Competitive Coinbase Chief Policy Officer Faryar Shirazad has noted the importance of regulatory clarity in Australia to position itself as a major web3 hub.Shirazad made the call to lawmakers at a Senate hearing on July 25 as they debated a crypto bill drafted to regulate different spheres of the market in Australia along the lines of the Markets In Crypto Assets Regulation (MICA) in Europe.According to the CTO, t...

Blog • 25 July 2023, Tuesday, 12:30

Worldcoin Price Prediction as WLD Reaches $20 Billion Market Cap Straight After Launch – Can Worldcoin Overtake Bitcoin?

Worldcoin Price Prediction as WLD Reaches $20 Billion Market Cap Straight After Launch – Can Worldcoin Overtake Bitcoin? The price of Worldcoin (WLD) has hit a $20 billion market valuation barely 24 hours after launch, with the Sam Altman-founded coin hitting an all-time high of $3.30 soon after its listing on exchanges.However, WLD is now down by 35% since hitting yesterday's peak, with the altcoin also down by 20% in the last 24 hours, as the hype surrounding its launch settles down and ea...

Blog • 25 July 2023, Tuesday, 12:20

Pepe Coin is Going to Zero as PEPE Price Drops 15% and New Meme Coin Evil Pepe Becomes the Next Crypto to Explode

Pepe Coin is Going to Zero as PEPE Price Drops 15% and New Meme Coin Evil Pepe Becomes the Next Crypto to Explode Leading meme coin $PEPE has seen a dramatic -15% fall so far this week, in a critical downside move that has seen the loss of key support level - can Pepecoin survive? Find out in $PEPE price analysis.Pepecoin ($PEPE) ignited a magnificent meme coin season in May 2023, as the new market entrant posted a seismic +785% gain in less than a week.But in the two months since the market moo...

Blog • 25 July 2023, Tuesday, 12:10

Ethereum's Vitalik Buterin Raises Concerns Over Worldcoin's Launch and Design Flaws

Ethereum's Vitalik Buterin Raises Concerns Over Worldcoin's Launch and Design Flaws Ethereum co-founder Vitalik Butrein published a blog raising concerns on the recently launched Worldcoin human identity verification system.Exploring Sam Altman’s project Worldcoin and its operational mechanics, Buterin delved into the broader concepts, including the proof-of-humanity approach.Worldcoin, alongside other identity solutions like Proof of Humanity, BrightID, Idenam, and Circles, holds the ...

Blog • 25 July 2023, Tuesday, 11:50

Litecoin Price Prediction as Halving Event Approaches – Can LTC 100x From Here?

Litecoin Price Prediction as Halving Event Approaches – Can LTC 100x From Here? The price of Litecoin (LTC) has recovered a little after falling as low as $88 this morning, with its current level at $89.26 representing a 2% drop in the last seven days.LTC is also down by 8% in the past fortnight, although the altcoin is up by 27% since the beginning of the year and by 59% in the last 12 months.And with Litecoin's halving set to happen in the next eight days, LTC could be set to rise yet agai...

Blog • 25 July 2023, Tuesday, 11:20

Stan Lee Digital Collectibles Fly Off the Shelves, Gain 240%-5,000% in Value

Stan Lee Digital Collectibles Fly Off the Shelves, Gain 240%-5,000% in Value Media company Kartoon Studios (formerly, Genius Brands) announced a "complete and near-instantaneous" sale of over 8,000 Stan Lee digital collectibles for $120,000 in revenue.On July 24, the company said that it, through its partnership with the VeVe marketplace, saw these collectibles flying off the shelves.Stan Lee, working alsongise Marvel writers/artists, especially Jack Kirby and Steve Ditko, produced some of the g...

Blog • 25 July 2023, Tuesday, 10:55

UK Data Regulator to Probe OpenAI’s Crypto Project Worldcoin

UK Data Regulator to Probe OpenAI’s Crypto Project Worldcoin The UK’s data regulator Information Commissioner's Office is planning to conduct “further enquiries” on the OpenAI’s crypto project – Worldcoin.According to a Reuters report, the data watchdog said Thursday that it will conduct an examination of Worldcoin, a crypto project that builds a reliable solution for distinguishing humans from AI online. The unique venture enables customers to scan their eyeball in exchange for a digital id...

Blog • 25 July 2023, Tuesday, 10:25

Towards a Balanced Future: A Middle-of-the-Road Approach to Crypto Regulation

Towards a Balanced Future: A Middle-of-the-Road Approach to Crypto Regulation As the cryptocurrency market continues to evolve, a middle-of-the-road regulatory consensus is gaining momentum, aiming to strike a balance between skepticism and optimism around crypto, Aaron Brown, a former managing director and head of financial market research at AQR Capital Management, opined in a recent piece for Bloomberg. Four senior executives from the International Monetary Fund (IMF) recently outlined their ...

Blog • 25 July 2023, Tuesday, 10:15

X Token Blasts Up 5,000% in 24 Hours as Elon Musk-Inspired Coins Go Viral But Crypto Whales are Accumulating This Lesser Known Crypto Instead

X Token Blasts Up 5,000% in 24 Hours as Elon Musk-Inspired Coins Go Viral But Crypto Whales are Accumulating This Lesser Known Crypto Instead This week DEX markets have seen another massive tremor, led by tech maestro Elon Musk, the launch of the 'X' meme token, deftly timed with Musk's surprising Twitter-to-X.com rebrand, has pushed the token's value to an astonishing +4,300% overnight. Musk's moon-shot move has once again disrupted the market, nudging cryptocurrency valuati...

Blog • 25 July 2023, Tuesday, 09:45

Ethereum Price Prediction as Bulls Defend $1,800 Level – Time to Buy?

Ethereum Price Prediction as Bulls Defend $1,800 Level – Time to Buy? The Ethereum price has fallen by 1% in the past 24 hours, dropping to $1,851 amid a market-wide slip caused by rate-hike fears.ETH is now 2.5% down in the last seven days and 3% down in the past month, although the market's biggest altcoin remains up by 54% since the beginning of the year.It's likely that today's drop will be short-lived, given that it appears to be caused by a combination of the market correcting ...

Blog • 25 July 2023, Tuesday, 09:35

Putin Signs Digital Ruble Law, Greenlighting Russia's Central Bank Digital Currency

Putin Signs Digital Ruble Law, Greenlighting Russia's Central Bank Digital Currency Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country's national currency. The move gives legal authority to the Bank of Russia, the country's central bank, to act as the platform operator for the digital ruble, according to an official document.Under the newly signed law, the central bank of Russia will be responsible for managing the digi...

Blog • 25 July 2023, Tuesday, 09:25

Bitcoin Price Prediction: BTC Dips 3% Amid Binance Lawsuit and Potential Rate Hike Concerns

Bitcoin Price Prediction: BTC Dips 3% Amid Binance Lawsuit and Potential Rate Hike Concerns Bitcoin, the world's leading cryptocurrency, is facing a dip of 3% as it trades at $29,171 on Tuesday. The failure to sustain higher price levels may have influenced aggressive bearish sentiments, leading to short positions, while short-term bulls have chosen to secure their profits. Amidst the market fluctuations, two significant factors weighing on BTC's performance are the ongoing Binance lawsu...

Blog • 25 July 2023, Tuesday, 08:35

Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit

Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC).Per a court filing on Monday, Binance and its parties' response to the CFTC lawsuit is due on July 27.On March 27, the CFTC filed a complaint against the crypto ex...

Blog • 25 July 2023, Tuesday, 06:15

Spanish Bank A&G Launches Crypto Investment Fund Offering

Spanish Bank A&G Launches Crypto Investment Fund Offering The leading Spanish private bank A&G has launched a crypto investment fund offering, in a sign adoption is continuing to rise in the European nation.Europa Press reported that A&G will launch an investment fund product after registering the fund’s brochure with the regulatory National Securities Market Commission (CNMV).The fund will be the first of its kind in Spain.The bank said investors had expressed “great interest” in crypto investm...

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