CleanSpark’s hashrate increased from 9.6 EH/s to 27.6 EH/s over the past year, driven largely by strategic acquisitions that boosted its mining capacity.
Monthly archives: October 2024
Binance’s Crypto Exchange Market Share Plunges to Its Lowest Level Since September 2020: CCData
New data from blockchain tracker CCData show that the market share of the world’s largest crypto exchange slid to its lowest level in four years. CCData says that in September, Binance’s share in the derivatives market dropped to 40.7%, its lowest since September 2020. Its overall market share in the combined spot and derivatives markets …
Bitcoin Primed To Hit New All-Time High if BTC Breaks Above This Resistance Level, According to Crypto Analyst
A widely followed crypto analyst says that Bitcoin (BTC) is gearing up to reach a new all-time high (ATH) if it can break above one crucial resistance zone. In a new strategy session, pseudonymous crypto trader Inmortal tells his 216,300 subscribers on the social media platform X that if the top crypto asset by market …
PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report
Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reports that on September 23rd, the San Francisco-based company used PayPalUSD (PYUSD) to pay an invoice to the Big Four accounting firm Ernst & Young. Paypal settled the undisclosed amount using SAP digital currency hub, a …
SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales
Two prominent US regulatory agencies are supporting a class-action lawsuit against tech giant Nvidia over sales to crypto miners that were allegedly misrepresented. According to recent court filings, the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) are filing amicus briefs in support of the group of investors suing Nvidia, …
‘Curious Who’s Behind Bitcoin?’ Filmmaker Teases Reveal of Satoshi Nakamoto’s Identity in Upcoming HBO Documentary
The filmmaker behind an upcoming HBO documentary has promised a “rollercoaster” probe into the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. On Thursday, Cullen Hoback dropped a teaser for his new BTC documentary, “Money Electric: The Bitcoin Mystery.” He also teased the possibility of exposing the identity of the long-mysterious Nakamoto. “A few of you …
$1,740,000 Up for Grabs As Major US County Unveils Guaranteed Income Pilot Project
One of the most populated counties in the US is launching a guaranteed income pilot program aimed at helping families in need. Known as the Family First Economic Support Pilot, Sacramento County’s Department of Child, Family and Adult Services (DCFAS) says $1.74 million will be disbursed to chosen applicants over the course of a year. …
Scroll.Bet: A Pioneering Crypto Telegram Casino With Dual Licenses and Native Token Profit Sharing
PRESS RELEASE. Scroll.Bet stands out as one of the few Telegram-based casinos worldwide, operating under two gaming licenses—one issued by the Curaçao authorities and the other by the Anjouan authorities. This dual licensing allows the casino to legally offer its services globally, ensuring players enjoy a safe and regulated gaming experience. With over 6,000 casino …
Bitcoin’s performance as US labor market normalizes after pandemic disruption
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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HKVAX becomes third crypto exchange licensed in Hong Kong
Hong Kong Virtual Asset Exchange (HKVAX) has secured licensing from Hong Kong’s Securities and Futures Commission (SFC) to operate a virtual asset trading platform. The approval makes HKVAX the third licensed crypto exchange in the city and the first to be authorized under the virtual asset regulatory framework introduced two years ago. HKVAX licensing According …
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Coinbase’s MiCA alignment in Europe to cause controversial delisting of major stablecoins like Tether’s USDT
Coinbase plans to remove all non-compliant stablecoins from its platform in the European Economic Area (EEA) by the end of the year. This move aligns with the company’s efforts to adhere to the European Union’s upcoming Markets in Crypto-Assets (MiCA) regulations. MiCA seeks to establish a regulated digital asset framework that balances user protection with …
Bitcoin threatens breakout as US employment falls to 4.1%, jobs surge
U.S. Non-Farm Payrolls increased by 254,000 in September, affecting Bitcoin prices. The Department of Labor reported an addition of 254,000 jobs, surpassing the consensus estimate of 140,000. The unemployment rate decreased to 4.1%, below the expected 4.3%. This release indicates resilience in the US labor market despite broader economic concerns, suggesting potential implications for Federal …
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Phishing scams plague crypto with $46M loss in September, $126M in Q3
Phishing attacks continue to cause significant losses for crypto users, with over 10,000 victims losing over $46 million to these scams in September, according to Scam Sniffer, a Web3 anti-scam platform. According to the firm, 10,805 victims lost $46.7 million in various crypto phishing scams last month. This brought the total losses from phishing scams …
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El Salvador doubles down on Bitcoin, defies IMF concerns
El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country’s use of the digital asset. On Oct. 4, Juan Carlos Reyes, President of the National Commission on Digital Assets (CNAD), announced that the Central American country’s lawmakers had passed “important amendments to the CNAD …
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Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations
Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm Terawulf Sells …