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Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin Miners Ahead of 2024 Halving
14.11.2023
On Tuesday, Hive Digital, a bitcoin mining company based in Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive stated that this purchase is intended to strengthen the firm and strategically position it for the anticipated reward halving. Vancouver’s Hive...
Binance Faces Erosion in Market Dominance with 10% Decline in Trading Volume Amidst Rising Competition: Report
13.11.2023
Source: Adobe According to the November 6 report by blockchain analytics firm 0xScope, Binance has maintained its position as the top centralized exchange, with a significant market share; however, its dominance has weakened over the past year, with a continuous decrease in trading volume...
Biden Administration Seeks More Tools to Combat Illicit Crypto Use, Says Treasury Official
9.11.2023
United States Deputy Secretary of the Treasury Wally Adeyemo says the Biden administration is seeking more tools to combat the illicit use of crypto. “We’re going to work with Congress to get more tools,” he stressed, advising the crypto industry to “make sure that you’re...
Bitcoin Price Prediction as BTC Challenges $36,000 Resistance: Is a Breakout Imminent?
4.11.2023
Bitcoin ‘s tenacious battle against the $36,000 resistance mark has captured the attention of investors and analysts alike, with the cryptocurrency exhibiting marginal gains of 0.02% to position itself at $34,730 on Saturday. This comes amidst a broader regulatory sweep, as U.S. authorities...
Sponge Price Poised For Breakout As Highly Anticipated Staking Mechanism Goes Live With Alluring Variable APY
3.11.2023
Friday, November 3, 2023 – As meme coin markets bounce back with a 4.53% rise in volume, Sponge token’s new staking mechanism has triggered a bullish posturing in the $SPONGE price chart. The strengthened position of the Sponge token price appears to have been triggered by renewed...
UK Government Rolls Out Final Proposals for Stablecoin Regulation
30.10.2023
The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users. In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating...
CME Emerges as Second-Largest Bitcoin Futures Exchange, Approaches Top Spot
30.10.2023
The regulated Chicago Mercantile Exchange (CME) is steadily climbing the ranks as one of the largest Bitcoin futures and perpetual futures exchanges in a development reminiscent of the early stages of the 2020-2021 bull run. With a notional open interest (OI) of $3.54 billion, CME has surged from...
Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler
30.10.2023
During a panel at the 2019 MIT Bitcoin Expo, Gensler called out the securities regulator for its ‘inconsistent’ approach to spot Bitcoin ETF approvals
Terra Luna Classic Price Prediction as LUNC Jumps 12% in 7 Days – Is the Sell Off Over?
29.10.2023
Terra Classic, colloquially known as LUNC, is currently trading at an impressive $0.000065. In the past 24 hours, this cryptocurrency has witnessed a slight dip of 0.25%, but has surged over 12% in the last 7 days underscoring. According to CoinMarketCap, Terra Classic has secured its position...
BillionAir ($AIRB) Emerges as the Dominant Player in the GambleFi Universe, Leaving Competitors in the Dust, Raising Over $6.3 Million in Pre-Sale
29.10.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. In the fast-paced world of GambleFi, where online casinos and gaming platforms are vying for investors’ attention, BillionAir ($AIRB) has decisively established itself as the leading...
Bitcoin Price Prediction as BTC Bulls Keep BTC Above $34,000: Is the Bullish Momentum Sustainable?
29.10.2023
Despite these fluctuations, Bitcoin’s supremacy in the market is undeterred, holding firmly to its #1 position on CoinMarketCap. Its current market cap is a mammoth $665.9 billion. Speaking of supply, 19.53 million BTC coins are in active circulation, with a capped limit set at...
Bitcoin Price Prediction as Israel Ground Operation in Gaza Jolts Global Markets – Where is BTC Heading Next?
28.10.2023
Amidst the tumult of global markets reacting to the Israel-Hamas conflict, Bitcoin stands resilient. As of Saturday, the premier cryptocurrency is trading at $34,126, marking a modest increase of nearly 0.10%. This stability in the face of geopolitical unrest emphasizes Bitcoin’s growing role...
Upbit Dominates Korean Crypto Exchange Market With a Market Share of 80%: Research
27.10.2023
Upbit has solidified its position as the dominant player in South Korea‘s crypto exchange market, boasting an impressive market share of 80%. According to recent research by DeSpread, Upbit’s market dominance has remained strong throughout the year, with a brief dip to 70%...
New U.S. House Speaker Mike Johnson Sparks Hope for Advancing Digital Asset Legislation
26.10.2023
U.S. Representative Mike Johnson has been elected by his fellow Republicans to serve as the 56th Speaker of the US House of Representatives after three weeks of turmoil and three failed candidates. In a decisive election on October 25, Representative Johnson secured the Speaker’s position...
The U.S. Risks Its Position as a Stablecoin Leader
23.10.2023
USD stablecoin transactions are rising fast, but most of the growth is happening outside of the United States, says Jason Somensatto, Head of North America Policy at Chainalysis
Blockchain Gaming Holds Strong in Q3, Amid Evolving Crypto Landscape
14.10.2023
The blockchain gaming sector maintained its influential position in the third quarter of 2023 despite some decreases in momentum, according to Dappradar’s recent report. Although metrics such as unique active wallets and transactions dropped slightly, the report advises against viewing this...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
October Resurgence: Decade-Old Bitcoin Wallets Awaken, Moving Over $50 Million in Vintage BTC
7.10.2023
Though Bitcoin’s value has risen from its position last month, September saw a surge in dormant Bitcoin transfers from long-inactive BTC wallets. This trend hasn’t slowed; in the initial week of October, several 2014 wallets came alive, moving 860 BTC — valued at over...
Crypto-friendly Patrick McHenry takes interim House Speaker position
4.10.2023
Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress
Curve Founder Michael Egorov Settles $35.3 Million Debt Position on Aave Platform, $CRV Set for Bull Run?
28.9.2023
Michael Egorov, the founder of the decentralized finance (DeFi) protocol Curve, has recently paid off all his debt on the lending protocol Aave. Currently, he has a remaining debt of $42.7 million across four other DeFi protocols....
Read More: Curve Founder Michael Egorov Settles $35.3 Million...