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Bitcoin mining stocks account for 25% of shares traded for top large caps, outperforming BTC into new year

By adminPosted on December 28, 2023Posted in Mining

Yesterday’s stock market, Dec. 27, reflected a surge in investor interest in Bitcoin-related stocks ahead of potential ETF approvals. Bitcoin mining companies’ stocks soared, outstripping the cryptocurrency’s gains amidst anticipating an imminent spot Bitcoin ETF approval. Marathon (MARA) led the charge as trading volumes swelled, surpassing even Tesla’s activity on the trading floor. Per Yahoo […]

Ripple’s Chief Legal Officer Reveals SEC Approached Payments Firm With a Deal Before Filing Lawsuit

By adminPosted on December 25, 2023Posted in XRP

Ripple’s chief legal officer says the U.S. Securities and Exchange Commission (SEC) made moves in an effort to declare the digital asset XRP a security. Stuart Alderoty says on the social media platform X that before commencing the lawsuit against Ripple, the regulator approached the company with a settlement that would have changed the trajectory […]

Bitcoin mining difficulty hits all-time high after surging over 6%

By adminPosted on December 23, 2023Posted in Mining

The Bitcoin network witnessed a significant rise in mining difficulty, setting a new all-time high by surpassing 72 trillion at block height 822,528. The 6.98% increase from its previous level indicates an acceleration in mining operations around the globe, and the deployment of more powerful computing resources in the industry as miners prepare for the […]

Ripple President Reveals 2024 Predictions, Says ‘Breakout Moment’ May Be Around the Corner

By adminPosted on December 21, 2023Posted in XRP

Ripple President Monica Long thinks 2024 will be a “breakout moment” for the crypto space, particularly the decentralized finance (DeFi) sector. Long says crypto is primed to break the “speculative hype cycles” that the industry has been chained to since the origin of Bitcoin (BTC). “We as an industry will break the cycle by paving […]

Central Bank of Ireland Adds Ripple to List of Registered Virtual Asset Service Providers

By adminPosted on December 21, 2023Posted in XRP

Blockchain-based payments firm Ripple Labs can now provide certain digital asset services in Ireland. In a new statement, the San Francisco-based firm says the Central Bank of Ireland (CBI) has just granted its local subsidiary, Ripple Markets Ireland Limited, the license to operate as a Virtual Asset Service Provider (VASP). VASPs can carry out transactions […]

Crypto Trader Issues XRP Alert, Says the Blue-Chip Altcoin Could See a Pullback – Here’s His Downside Target

By adminPosted on December 19, 2023Posted in XRP

Cryptocurrency analyst and trader Ali Martinez is predicting that XRP could see lower prices as it faces rejection from a key resistance level. Martinez tells his 36,200 followers on the social media platform X that XRP has failed to close above the mid-point of an ascending parallel channel on the three-day chart. According to the […]

Bitcoin miner Hut 8 to develop mining facility for bankrupt Celsius in Texas

By adminPosted on December 18, 2023Posted in Mining

Bitcoin (BTC) miner Hut 8 said it signed an interim agreement to build and install mining operations for bankrupt crypto lender Celsius in Cedarvale, Texas, according to a Dec. 18 statement. The proposed mining site will house around 66,000 miners and will be powered by more than 215 megawatts (MW) of energy. Under the agreement, […]

Hodler’s Digest, Dec. 10-16 – Cointelegraph Magazine

By adminPosted on December 16, 2023Posted in Litecoin

Top Stories This Week BlackRock revises spot Bitcoin ETF to enable easier access for banks BlackRock has revised its spot Bitcoin exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash rather than just crypto. The new in-kind redemption “prepay” model will […]

Bitcoin mining’s silent comeback in China, according to industry insider

By adminPosted on December 15, 2023Posted in Mining

CryptoSlate’s research analyst, James Van Straten, recently sat down with Bitfarms’ Chief Mining Officer, Ben Gagnon, to discuss the evolving landscape of Bitcoin mining, revealing some interesting thoughts on Bitcoin mining in China, along with detailed insights into global miner revenues. Bitcoin and crypto going into 2024. Gagnon shed light on the forthcoming Bitcoin halving […]

Asia Express – Cointelegraph Magazine

By adminPosted on December 14, 2023Posted in Crypto News

Our weekly roundup of news from East Asia curates the industry’s most important developments. South Korean Web3 firm raises $140 million South Korean nonfungible tokens (NFT) developer Line Next secured a $140 million investment on December 13 from a consortium led by Peter-Thiel-backed private equity firm Crescendo Equity Partners. It’s the largest blockchain series funding […]

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