Marathon is looking to “capitalize on higher margins” possible with Kaspa mining — but one executive stressed the firm is in no way “pivoting” from its main focus, Bitcoin.
Monthly archives: June 2024
US Government Offers $5,000,000 Reward for Info on Missing ‘Cryptoqueen’ Behind Infamous OneCoin Scheme
The U.S. Department of State is offering up to $5,000,000 in rewards for information on one of crypto’s biggest mysteries. In a statement, the government says it’s looking for information from the public that would lead to the arrest and/or conviction of German national Ruja Ignatova, one of the key players behind the OneCoin scheme. …
Power-law model suggests Bitcoin’s maturity post-2024 halving
Onchain Highlights DEFINITION: The Bitcoin Power-Law Model provides a mathematical description of Bitcoin’s historical price trends, revealing a power-law distribution on a log-log scale. This analysis suggests a correlation between time and price. However, the model’s foundation on historical data and the issue of non-independent sequential price points raise questions about its broader applicability. Bitcoin’s …
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Nigeria issues 30-day deadline for crypto firms to re-register under new regime
Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses, warning of enforcement actions against non-compliance. In a statement released on June 21, the SEC announced the initiation of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs). The program …
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BloFin believes spot Ethereum ETFs will drive short-term surge in ETH prices
Crypto exchange BloFin believes the imminent launch of spot Ethereum exchange-traded funds (ETFs) in the US will drive a short-term surge in ETH prices as investors shift their attention from Bitcoin to the second-largest crypto asset by market capitalization, according to a June 26 research note shared with CryptoSlate. The exchange, citing various data points such …
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Hash rate fluctuations in 2024 highlight Bitcoin’s miner resilience and market forces
Onchain Highlights DEFINITION: The mean hash rate is the average estimated number of hashes per second produced by the network’s miners. Bitcoin’s mean hash rate, represented by the 7-day moving average, has exhibited notable fluctuations throughout the first half of 2024. The hash rate peaked above 650 EH/s in mid-April, coinciding with the latest halving …
US government moves nearly 4,000 BTC worth $240 million to exchange
The US government moved 3,940 Bitcoin to an exchange on June 26, leading to speculation of a sell-off, according to Arkham Intelligence data. The Bitcoins in question were seized from drug trafficker Banmeet Singh and are worth roughly $240 million as of press time. The tokens were moved from the US government’s wallet — which …
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B2Trader v1.1 Upgrade: Introducing BBP Prime, Customisable Templates, Enhanced Reports, and iOS Integration
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › B2Broker is excited to reveal that its all-encompassing crypto spot brokerage platform, B2Trader, has received a significant update in version 1.1. This update unveils BBP Prime, extends the report functionalities, and allows for flexible customisation of …
Animoca in preliminary talks to launch IPO in crypto-friendly region at $6 billion valuation
Animoca Brands is looking to go public next year in a crypto-friendly jurisdiction, the Information reported on June 26, citing the firm’s co-founder Yat Siu. According to the report, the Hong Kong-based company, valued at $5.9 billion in its 2022 fundraising round, has initiated talks with investment banks but has yet to appoint a formal …
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According …
US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid …
BetFoxx: Revolutionizing Online Gambling with Innovative Crypto Gaming
PRESS RELEASE. As a pioneer in the world of cryptocurrency casinos, Betfoxx is transforming the online gambling landscape with its cutting-edge approach to crypto gaming. By offering a wide variety of games, enticing promotions, and exceptional customer service, BetFoxx has established itself as the premier destination for players looking for an immersive and rewarding gaming …
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Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from …
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SEC Chair Gensler: Spot Ethereum ETF Approval Process ‘Going Smoothly’
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration statements can go effective.” SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange …
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Assangedao’s JUSTICE Token Surges and Dips Amid Julian Assange’s Release
In a significant display of volatility, the Assangedao cryptocurrency token JUSTICE climbed by over 80% on Tuesday, only to fall by 18% the next day. This fluctuation follows the recent release of Wikileaks founder Julian Assange, igniting renewed interest and speculative trading in the token. JUSTICE Token Sees Wild Fluctuations Following Julian Assange’s Release The …
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