Mining Blog & Mining News

Blog • 18 July 2023, Tuesday, 13:10

Solana Opens Doors to Ethereum Developers with Neon EVM Integration

Solana Opens Doors to Ethereum Developers with Neon EVM Integration Neon EVM, an Ethereum Virtual Machine on Solana (SOL), will allow developers to build Ethereum (ETH) decentralized applications (DApps) on top of the Solana blockchain. Neon EVM seeks to bridge the gap between Ethereum and Solana's computing models, opening doors for Ethereum DApps to leverage the efficiency and technical capabilities of Solana for transaction settlements.By residing on Solana's blockchain, the Neon EVM ...

Blog • 18 July 2023, Tuesday, 12:50

Analysts Caution Coinbase Faces Significant Regulatory Pressure Despite Ripple's Court Win

Analysts Caution Coinbase Faces Significant Regulatory Pressure Despite Ripple's Court Win The major US-based crypto exchange Coinbase is still facing pressure from the Securities and Exchange Commission (SEC), despite the recent win in court for Ripple.According to a new report from investment firm Berenberg Capital, Coinbase’s “Earn” program is now particularly vulnerable to regulatory action, given that the staking rewards offered as part of the program could fall under securities rules....

Blog • 18 July 2023, Tuesday, 12:10

Litecoin Price Prediction as Halving Event Approaches – Can LTC Reach $1,000?

Litecoin Price Prediction as Halving Event Approaches – Can LTC Reach $1,000? The Litecoin (LTC) price has risen by a slight 0.5% in the past 24 hours, yet its move to $91.77 still means it's down by 6% in the last seven days.Despite its negative response to the ruling in the Ripple-SEC case (which harmed other Bitcoin forks), LTC remains up 18% in the last 30 days and by 57% in the past year.And it's possible that the altcoin will see further gains in the next few weeks, as the market a...

Blog • 18 July 2023, Tuesday, 12:00

The US SEC Accepts Valkyrie’s Spot Bitcoin ETF, Following BlackRock

The US SEC Accepts Valkyrie’s Spot Bitcoin ETF, Following BlackRock The US Securities and Exchange Commission (SEC) has accepted the second spot Bitcoin (BTC) exchange-traded fund (ETF) application for review, in a span of one week.Early this month, the stock exchange giant Nasdaq refiled Valkyrie’s application for a spot BTC ETF with Coinbase as the “surveillance partner” with a proposed rule change. Following this, the regulator on July 17, accepted the amendments to list and trade it under Na...

Blog • 18 July 2023, Tuesday, 11:50

Bitcoin And Crypto Benefit From Bullish Sentiment In Equities Market

Bitcoin And Crypto Benefit From Bullish Sentiment In Equities Market Crypto bulls are looking to extend gains recorded in the first half of the year with positive signals trickling in from bonds and the equities markets. The correlation between the crypto and the stock market led to many observers predicting a decline in prices following macroeconomic factors that plagued the scene in 2022.However, present realities are in sharp contrast with slowing inflation and the Feds signaling a pause on t...

Blog • 18 July 2023, Tuesday, 11:30

Republicans and Democrats Collaborate on Stablecoin Legislation in the House

Republicans and Democrats Collaborate on Stablecoin Legislation in the House Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States. Two senior members of the Financial Services Committee in the U.S. House of Representatives, who drafted the bill to regulate stablecoins, said that Republicans are seeking a bill to regulate stablecoins state wise but it will not be major issue in advancing the bill ahead. The conservative par...

Blog • 18 July 2023, Tuesday, 11:10

July Sees Surge in Bitcoin NFT 'Ordinal' Inscriptions, Approaching 3.6 Million Monthly Mark

July Sees Surge in Bitcoin NFT 'Ordinal' Inscriptions, Approaching 3.6 Million Monthly Mark Bitcoin Ordinal inscriptions volume has recorded a significant rise in July, with the month so far seeing nearly 3.6 million of them, pushing the total number to nearly 18 million.According to Dune Analytics, following a somewhat calmer period in June, the inscriptions volume has jumped again this month. Notable daily spikes can be seen during the past two weekends: July 8-9, followed by July 16...

Blog • 18 July 2023, Tuesday, 10:10

Solana Price Prediction as $1 Billion Trading Volume Comes In – Are Whales Buying?

Solana Price Prediction as $1 Billion Trading Volume Comes In – Are Whales Buying? The price of Solana (SOL) has dropped by 6% in the past 24 hours, with its fall to $25.61 coming as the cryptocurrency market as a whole dips by 1% in the same period.SOL remains up 16% in a week and by 64% in the last 30 days, with the altcoin also having risen by an impressive 150% since the beginning of the year. As with other altcoins, SOL has benefitted hugely from the positive outcome to Ripple's case wi...

Blog • 18 July 2023, Tuesday, 10:00

XRP Price Prediction as Bulls Hold $0.70 Level – Where is the Next XRP Target?

XRP Price Prediction as Bulls Hold $0.70 Level – Where is the Next XRP Target? The XRP price has dipped by 0.5% in the past 24 hours, although its slide to $0.745059 still means it's up by 56% in the last seven days.XRP continues to ride strong momentum caused by Ripple's positive result in its case with the SEC, with the altcoin also up by more than 100% in the past 12 months.Given XRP's current strength, and given that it had been undervalued for so long because of the SEC case, it...

Blog • 18 July 2023, Tuesday, 09:50

Bitcoin Price Prediction: Navigating Turbulent Waters in a Disappointing SEC and XRP Investor Scenario

Bitcoin Price Prediction: Navigating Turbulent Waters in a Disappointing SEC and XRP Investor Scenario Bitcoin price stands at $30,163, experiencing a slight decline of around 0.50% on Tuesday. However, the cryptocurrency market faces additional challenges, with the Securities and Exchange Commission (SEC) expressing disappointment over XRP investors' decision. These developments occur within a challenging macroeconomic environment, further adding to the complexities of predicting Bitcoin...

Blog • 18 July 2023, Tuesday, 09:40

Coinbase CEO Brian Armstrong Set to Meet House Democrats for Discussion on Crypto Legislation

Coinbase CEO Brian Armstrong Set to Meet House Democrats for Discussion on Crypto Legislation Coinbase CEO Brian Armstrong is set to have a closed-door meeting with House Democrats to discuss crypto regulations.The meeting, organized by the New Democrat Coalition, will focus on discussions surrounding crypto legislation, including topics like taxes, national security, privacy, and climate, Bloomberg reported, citing Democratic aides familiar with the plans.The meeting is scheduled for Wednesday....

Blog • 18 July 2023, Tuesday, 09:30

Binance Abruptly Terminates Argentine Soccer Association Partnership Citing Contract Breach

Binance Abruptly Terminates Argentine Soccer Association Partnership Citing Contract Breach Crypto exchange Binance’s Argentina arm has decided to abruptly call-off its partnership with the Argentine Football Association (AFA), accusing the latter over lack of compliance.In January 2022, Binance entered into a five-year contract with AFA, the governing body of football in Argentina, becoming the main sponsor for Argentina's powerhouse national soccer team and naming sponsor of its national s...

Blog • 18 July 2023, Tuesday, 06:10

Shenzhen, China: 36m Digital Yuan Wallets Opened So Far – CBDC Pilot Gathers Pace

Shenzhen, China: 36m Digital Yuan Wallets Opened So Far – CBDC Pilot Gathers Pace The Chinese city of Shenzhen says its residents have opened almost 36 million digital yuan wallets, as the nation’s central bank digital currency (CBDC) pilot breaks new ground.Per the Shanghai Securities News and the China Securities Network News, the claims were made by the Shenzhen branch of the central People’s Bank of China (PBoC).The PBoC stated that “as of the end of June 2023,” Shenzhen-based individuals an...

Blog • 18 July 2023, Tuesday, 01:10

Argentina’s Crypto ‘Awareness’ Hits 75%, Study Finds

Argentina’s Crypto ‘Awareness’ Hits 75%, Study Finds Argentina’s crypto “awareness” levels have risen to 75%, a new study has found, although many citizens say they are still wary of token “volatility.”Per Criptonoticias, the study was carried out by Bitso, one of the largest and busiest crypto trading platforms in the LATAM region.The exchange surveyed 1,243 people throughout the capital Buenos Aires and all 23 provinces of the country in mid-June this year.The researchers noted that just over ...

Blog • 18 July 2023, Tuesday, 00:20

Crypto Exchange Listing and Delisting Announcements: July 17, 2023

Crypto Exchange Listing and Delisting Announcements: July 17, 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.__BinanceAdded Trading Pairs:ARB/ETHBCH/TRYXVG/TRYXVG/TUSDRemoved Trading Pairs:API3/BUSDBLZ/BUSDGHST/BUSDNEXO/BUSDSTPT/BUSDWIN/BUSD BitfinexListings: Kava (KAVA) BitFor...

Blog • 17 July 2023, Monday, 22:50

Attorney Deaton Predicts Judge Torres' Rejection of SEC Appeal Request

Attorney Deaton Predicts Judge Torres' Rejection of SEC Appeal Request Speculations and discussions around the Ripple versus SEC lawsuit continue even after the fintech company secured a victory in recently-released summary judgment. Recent tweets capture a correspondence between CryptoLaw founder John Deaton, Attorney Bill Morgan, and former SEC regional director Marc Fagel concerning the possibility of an appeal on the case.In a July 16 tweet, Deaton speculated that US District Judge Torr...

Blog • 17 July 2023, Monday, 22:40

G20 Watchdog Report Highlights Crypto Firms' Nowhere-to-Hide Situation Under Global Rules

G20 Watchdog Report Highlights Crypto Firms' Nowhere-to-Hide Situation Under Global Rules Amid a heightened call for comprehensive digital assets legislation, the G20's Financial Stability Board (FSB), on July 17, published its final recommendations for regulating crypto trading firms. It focuses on issues relating to regulatory supervisory and oversight of crypto assets to help foster innovation.The regulator also revised its existing recommendations for stablecoins in light of the cat...

Blog • 17 July 2023, Monday, 22:30

Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet

Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX.The report, presented by a committee representing BlockFi's unsecured creditors, accuses the cryptocurrency lender of m...

Blog • 17 July 2023, Monday, 22:10

Best Crypto to Buy Now 17 July – 1NCH, Algorand, Uniswap

Best Crypto to Buy Now 17 July – 1NCH, Algorand, Uniswap As crypto markets hold relatively steady today after recent gains the United States Securities and Exchange Commission (SEC) has commenced a process inviting the public to share their perspectives on Bitcoin Exchange Traded Funds (ETFs).This development surfaces just ahead of the July 2023 assembly of the Federal Open Market Committee (FOMC) set on July 25 to 26, which will give more information to market participants about possible future...

Blog • 17 July 2023, Monday, 21:10

Bitcoin Slides Back Below $30,000, But These Metrics Show BTC Bulls Still Anticipating Further Upside

Bitcoin Slides Back Below $30,000, But These Metrics Show BTC Bulls Still Anticipating Further Upside Bitcoin (BTC) fell back to the south of the $30,000 level on Monday to hit its lowest point since late June in the $29,600s.The world’s most valuable cryptocurrency network by market capitalization has now pulled back around 6% from the more than one-year highs it hit last Thursday around $31,800.News that a district judge had ruled that they did not view XRP as a security, at least outside of t...

Blog • 17 July 2023, Monday, 20:00

PiP World Brings Financial Literacy to the Forefront with GameFi and Web3

PiP World Brings Financial Literacy to the Forefront with GameFi and Web3 At the nexus of GameFi, Web3, and financial literacy lies PiP World – an immersive gaming platform set to revolutionize how we understand and interact with finance. Leveraging the power of blockchain technology, this NFT game provides an engaging medium to explore the financial world.In PiP World, the players are plunged into real-world trading scenarios. They get the chance to form their own trading teams and establish vi...

Blog • 17 July 2023, Monday, 19:50

Golteum (GLTM) - Providing a Safer and More Stable Option for Institutional Clients

Golteum (GLTM) - Providing a Safer and More Stable Option for Institutional Clients Market volatility is one of the foremost reasons why institutional Web2 clients stay away from the crypto space. These clients believe that cryptocurrencies are too ‘unstable’ to venture into. Furthermore, those intending to integrate their Web2 operations into Web3 are always skeptical about such a move due to the issue of blockchain interoperability.Golteum (GLTM) and Polkadot (DOT) are two platforms that provi...

Blog • 17 July 2023, Monday, 19:10

Bitcoin Dominates as Crypto Products Record Largest Consecutive Inflows Since 2021

Bitcoin Dominates as Crypto Products Record Largest Consecutive Inflows Since 2021 Bitcoin (BTC) once again stood out as the top target for investments from traditional fund investors last week, the latest report from crypto research and investment firm CoinShares has revealed.According to the report, crypto-backed investment funds overall saw $137 million of inflows for the week, with 99% going into funds backed by Bitcoin.Four consecutive weeks of inflowsThe week marked the fourth consecutive ...

Blog • 17 July 2023, Monday, 18:10

Binance CEO Confirms Layoffs, Refutes Exaggerated Figures

Binance CEO Confirms Layoffs, Refutes Exaggerated Figures Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.”“As we continuously strive to increase talent density, there are involuntary terminations,” CZ wrote in a tweet this weekend, while adding “This happens in every company.”The tweet from the Binance boss came after a Wall Street Journal report on Friday said the exchange was laying off “over 1,000 emplo...

Blog • 17 July 2023, Monday, 18:00

Aave's Dollar-Pegged GHO Stablecoin Achieves $2.5M Market Cap within 48 Hours

Aave's Dollar-Pegged GHO Stablecoin Achieves $2.5M Market Cap within 48 Hours In just 48 hours of being launched, Aave's GHO, an algorithmic stablecoin pegged to the United States dollar on the Ethereum network, has already achieved a total minting value of $2.5 million.On July 15, Aave launched GHO, a decentralized and over-collateralized stablecoin backed by a variety of digital assets, including Ethereum's Ether (ETH) and Aave's token (AAVE). With a market capitalization of $...

Blog • 17 July 2023, Monday, 16:50

Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature

Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature The US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank.According to a Bloomberg article citing sources familiar with the matter, the bank is partnered with hundreds of crypto companies, with a wave of new clients coming in after the collapse of crypto-friendly banks Silvergate Capital and Signature Bank earlier in the year.Customers Bank offer...

Blog • 17 July 2023, Monday, 16:40

Ethereum Sidechain Gnosis Launches Visa-Backed Debit Card Directly Connected to Crypto Wallet

Ethereum Sidechain Gnosis Launches Visa-Backed Debit Card Directly Connected to Crypto Wallet Blockchain network Gnosis has unveiled two products that allow users to spend their digital assets directly from wallets using Visa's payment system.Gnosis launched Gnosis Pay, pioneering the integration of decentralized payment networks with traditional processors, and Gnosis Card, a self-custodial Visa debit card directly linked to an on-chain wallet.The announcement was made during the Ethereum C...

Blog • 17 July 2023, Monday, 15:55

Bitcoin SV is Going to Zero and yPredict AI Crypto Signals Platform Can Predict the Next Crypto to Explode – Time to Buy?

Bitcoin SV is Going to Zero and yPredict AI Crypto Signals Platform Can Predict the Next Crypto to Explode – Time to Buy? Bitcoin Satoshi Vision (Bitcoin SV) has enjoyed a short-lived rally over the past month, after almost two years of downside slide, but will the recovery flop-or-fail?Launched in 2018 as a hard fork of Bitcoin Cash, Bitcoin SV, was originally launched on the promise of bringing Bitcoin technology back closer in-line with the original ideas of pseudonymous founder Satoshi Nakam...

Blog • 17 July 2023, Monday, 15:45

New Meme Coin Thug Life is Listing Today - Can This Crypto 100x Like $SPONGE?

New Meme Coin Thug Life is Listing Today - Can This Crypto 100x Like $SPONGE? Monday, 17th July - Meme coin degens are strapping on their seat belts ahead of what is expected to be an explosive launch for Thug Life Token later on Monday.$THUG, which analysts are hailing as one of 2023’s top shitcoin investment opportunities, launches at 18:00 CET.After this time, $THUG will be available for trade across major Ethereum-based decentralized exchanges (DEXs), while investors who got in on the projec...

Blog • 17 July 2023, Monday, 15:35

Cathie Wood's ARK Invest Sells Another $50.5 Million Worth of Coinbase Shares

Cathie Wood's ARK Invest Sells Another $50.5 Million Worth of Coinbase Shares The tech-oriented investment manager, ARK Invest, is considered to be one of the largest holders of Coinbase (COIN) shares. The company owns over 10.5 million shares, and for a long time, the firm was happy to keep piling up shares and continue purchasing more. However, as of last week, the firm started selling Coinbase shares, so far dumping them on two occasions.ARK Invest profits from the recent Coinbase rallyA...

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