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Russia Mulls Cryptocurrency Mining Disconnection Proposal
25.1.2024
Cryptocurrency miners might be disconnected for up to 500 hours per year in Russia, according to a proposal supported by the State Duma Energy Committee to tackle the energy deficit in some regions. The initiative would be an alternative to introducing special tariffs directed to miners that would...
Bitcoin Mining Rig Manufacturer Canaan Raises $50 Million Through Preferred Shares Sale
25.1.2024
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful acquisition of $25 million in a similar preferred share...
Avalanche Price Prediction as Analysts Suggest AVAX Nearing Bottom – Bull Run on the Horizon?
25.1.2024
Avalanche (AVAX) price predictions are turning more bullish in wake of the cryptocurrency recovering back above $30, with analysts increasingly betting that the Avalanche price is nearing a near-term bottom. The Avalanche price was last around $30, having bounced more than 10% from earlier weekly...
SpinSpace Casino: Unique Online Crypto Casino (Play Now)
25.1.2024
A unique online casino that offers high quality games with gambling licenses. SpinSpace is a newly designed cryptocurrency online casino licensed under the laws of Curacao. Here, players can enjoy great games supplied by 60+ developers, regular bonuses, enjoy expert … Continued
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Grayscale’s GBTC Offloads $527M in Bitcoin as Spot ETFs Record Lower Trading Volumes; Other Funds Continue BTC Accumulation
25.1.2024
Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC...
Crypto analyst predicts XRP’s lowest value against Bitcoin
25.1.2024
Max Keiser, a crypto market analyst, has boldly said that XRP has every possible chance of going zero against Bitcoin. He has based that on the grounds that XRP does not have any strong fundamentals. The Ripple community is obviously not split; most of them continue to back XRP while others remain...
BlackBerry Warns Mexican Bank and Crypto Firms on Potential Security Threat
25.1.2024
BlackBerry has flagged a potential threat to Mexican banks and cryptocurrency platforms based on hackers’ attempt to deliver a modern version of Allakore RAT. In a Jan 24 report, BlackBerry’s Research and Intelligence Team raised concerns about a threat actor targeting financial institutions...
Missed Solana? Retik Finance is the only option, reckons Expert
25.1.2024
In cryptocurrency investment, missing out on a significant surge can be disheartening. The recent meteoric rise of Solana has undoubtedly caught the attention of investors worldwide, leaving many wondering if they’ve missed the boat. However, seasoned experts in the crypto space believe that...
Crypto.com’s Spot Trading Volume Soars, Surpassing Kraken and KuCoin – Can it Overtake Binance Next?
25.1.2024
Crypto.com has experienced a surge in its spot trading volume, surpassing major competitors Kraken and KuCoin. The platform’s impressive performance has positioned it as the 9th largest cryptocurrency exchange globally, with its spot volume accounting for over 3 percent of the global market....
Samourai Wallet, Strike and Others Ask FinCEN to Withdraw Proposed Rules Tied to Crypto Mixing
25.1.2024
Samourai Wallet, River, Strike, Swan, and other companies in the cryptocurrency space have sent a letter to the Financial Crimes Enforcement Network (FinCEN), commenting on the proposed rules over mixing transactions introduced in October. These companies are asking FinCEN to withdraw its proposal...
GMO-Z.com Trust Company launches GYEN and ZUSD on Solana Network
25.1.2024
GMO-Z.com Trust Company launches GYEN and ZUSD on the Solana network. This integration will grant businesses and consumers the ability to conduct transactions in the Solana ecosystem in a secure and streamlined manner. On one hand, GYEN is the first certified Japanese yen (JPY) stablecoin, whereas...
SHIB team introduces Shibdentity, a new era of Web3 digital identity
25.1.2024
The Shib team has announced that it is soon bringing Shibdentity to mark the future of digital identity in the Web3 sphere. This has hinted that the 2024 year could be dedicated to Shiba Inu. This announcement comes after users have relied on their Web3 wallet addresses to verify their...
Uma’s Latest Innovation Ova Promises Fairer Profit Distribution in Defi
25.1.2024
UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum’s blockchain profits. Oval Launch by Uma Aims to Redistribute Profits Back...
Solana launches Token Extensions for enterprise-grade use cases
25.1.2024
Solana recently introduced token extensions, a futuristic token toolset. According to the X thread, the advanced token functionality will help developers on Solana. With the extensions, developers can quickly build custom token experiences. These experiences will be designed to keep up with every...
FINRA Claims Widespread Violations in Majority of Crypto Asset Communications
25.1.2024
Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23, the Financial Industry Regulatory Authority...
Solana Unleashes Token Extensions to Enhance SPL Token Standard
25.1.2024
On Wednesday, Solana Labs unveiled the launch of token extensions, marking a noteworthy advancement in the SPL Token standard. The blockchain network’s token extensions aim to provide a suite of solutions for businesses transitioning to distributed ledger technology, emphasizing security...
IRS Revises Digital Asset Question on Tax Forms
25.1.2024
The Internal Revenue Service (IRS) has revised the question about digital assets included on income tax forms. Moreover, the tax authority has added the question to four additional tax forms. “The question must be answered by all taxpayers, not just by those who engaged in a transaction...
Bitwise Leads the Way as First US Bitcoin ETF to Publicly Disclose Wallet Address
25.1.2024
On Wednesday, Jan. 24, 2024, Bitwise, a leading digital asset manager, made a groundbreaking announcement as the first U.S. spot bitcoin exchange-traded fund (ETF) to reveal its bitcoin wallet address. Emphasizing its commitment to transparency, Bitwise stated, “proud to walk the walk with...
Okx Exchange Announces Plans to Compensate Users After OKB Token Flash Crash
25.1.2024
Following a sudden plunge in the value of its native token OKB, which fell over 50% in a matter of minutes, Okx exchange has committed to developing a compensation plan for users caught in the resultant wave of automatic liquidations. Okx Exchange to Roll Out Compensation After Unexpected OKB Token...
Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
24.1.2024
On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to...