Category : Cryptocoins News

Cryptocoins News

Bitcoin Mining Hits Record High

Bitcoin’s mining hash rate hit a record 544 EH/s on Dec. 25, but miners face challenges with profitability slumping despite a 150% price surge in 2023. (Read More)

Crypto Hygiene: An Unseen Practice of P2P and OTC Trading Platforms

While crypto has always been scrutinized for potentially driving illicit transactions, the limelight has been intensified recently, especially on leading exchanges with accusations of being used by criminal and terrorist groups. Binance’s recent hist...

Memeinator’s presale officially hits $2.5M: Should you invest in the project now?

Key takeaways The cryptocurrency market has been consolidating in recent days, with BTC still below $43k. Memeinator’s presale has officially crossed the $2.5 million barrier as stage ten moves on smoothly.& Bitcoin consolidates arou...

Tether's $1 Billion USDT Minting Stirs Debate: Inventory Replenishment or Market Manipulation?

Tether's recent billion-dollar minting for inventory replenishment has sparked debates on transparency, impact, and potential market influences, despite significant growth. (Read More)

Hong Kong Proposes Rules to License Stablecoin Issuers

The authorities in Hong Kong are exploring regulating stablecoins, as the latest consultation paper proposed the regulation of fiat-referenced stablecoins (FRS). If the proposed rules are implemented, stablecoin issuers in Hong Kong must obtain a loc...

South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches

South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI. Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives. Governmental transparency and crypto innovation converge,...

Barry Silbert Resigns from Grayscale Investments Board Amidst Industry Challenges

Grayscale Investments has announced the resignation of Barry Silbert from its board of directors, following a challenging period in the crypto industry. The company has been advocating for the conversion of the world's largest Bitcoin trust into an E...

Polygon, Render Token price prediction as Everlodge reshape real estate with tokenization

RNDR climbs steadily gaining 57% in the past month. Polygon (MATIC) surges 21%, signalling a run for new yearly highs. Everlodge reshapes real estate with fractional ownership, NFTs, and a dynamic ELDG token in its presale. Render Token (RNDR) and...

Bloomberg: Changpeng Zhao's Net Worth Surges to $37.2 Billion

Changpeng Zhao's net worth has risen $25 billion since December 2022, ranking him 35th in the Bloomberg Billionaires Index despite facing legal challenges. (Read More)

China Busts $2.2B Money Laundering Ring Involving Crypto Platforms

Cryptocurrencies are still in use in China as the authorities in the country have cracked down on a $2.2 billion underground banking operation that used crypto trading platforms to circumvent the local forex rules, local media reported.A Massive Unde...

If BONK can 10x, Solana phones will be worth $7000; meanwhile GFOX heads for $2 million

Crypto has shocked the world yet again, and as open interest heats up, it is clear that risk-on market participants will thrive in the coming two years. Speculative appetite is up, and following the Bitcoin (BTC) Spot ETF approval anticipation, a dra...

Crypto highlights this week: Shiba Memu presale, SEC deadline for Bitcoin ETF amendments

Shiba Memu on the cusp of market debut as SEC sets deadline for ETF amendments. The SHMU presale ends on December 30, 2023, with debut on crypto exchanges to follow. The SEC has asked spot Bitcoin ETF applicants to submit final changes by December 2...

Mt. Gox Creditors Start to Receive Payments after 10 Years

After a wait of ten long years, the creditors of the now-defunct crypto exchange Mt. Gox are receiving compensation. Several Mt. Gox creditors have taken to social media to confirm receiving payments for their blocked Bitcoin deposits in fiats.Commen...

Mt. Gox creditors receiving long-awaited repayments

Mt. Gox creditors confirm Japanese Yen refunds via PayPal after a decade-long wait. Mt. Gox’s 2014 collapse, losing 950,000 Bitcoins, triggered years of legal battles. The extended repayment timeline could influence 2024 market dynamics. Afte...

SEC Sets December 29 Deadline for Spot Bitcoin ETF Filing Amendments

The Securities and Exchange Commission (SEC) has set a deadline of 29 December 2023 for the spot Bitcoin exchange-traded funds (ETF) applicants to finalize the filings. According to Reuters, the agency met the representatives of at least seven compan...

UK Crypto on Pause: Why Are Revolut and Others Halting Services?

Followers of the crypto industry with an interest in the UK may recall positive messages emanating from the British authorities throughout 2023. According to Prime Minister Rishi Sunak, speaking at a London launch event for the heavily crypto-investe...

Polygon (MATIC) holds above key level as bulls target $1

Polygon (MATIC) price is poised above $0.85, a key support level that could see bulls eye $1 in coming weeks. Bullish catlysts for crypto and developments in the Polygon ecosystem could buoy MATIC upside momentum. Polygon (MATIC) price continues to...

Japan removes corporate tax on unrealized crypto profit

Japan has scrapped corporate tax on unrealized profits Companies holding unrealized gains on their crypto assets will not pay tax on them as from April 1, 2024. Japan is reportedly doing away with corporate tax on unrealized profits from cryptocurr...

SEC asks for final changes to spot Bitcoin ETF filings: Report

The US Securities and Exchange Commission (SEC) has set December 29, 2023 as the date for final changes to spot Bitcoin ETF filings. BlackRock, Grayscale and ARK Invest and other companies are all eyeing spot Bitcoin ETF approval in 2024. Bitcoin pr...

Turkey Names Blockchain Expert to Central Bank Committee

Turkey's central bank embraces blockchain with the appointment of crypto expert Prof. Fatma Ozkul to its monetary policy committee. (Read More)

Memeinator’s presale now in stage ten, raises over $2.4 million

Key takeaways The Memeinator presale is now in its tenth stage as more investors buy into the project. The team has raised more than $ 2.4 million so far and has a target of $2.8 million in this current stage.& The cryptocurrency market is...

Coinbase Counters Senator Warren's Allegations

Coinbase denies Sen. Warren's allegations of using ex-government officials to resist digital asset regulations, highlighting its commitment to responsible crypto regulation. (Read More)

Discovering hidden gems: InQubeta shines among the top AI-driven crypto projects

New blockchains and AI projects continue to ascend in the market every day. These technologies promise to open up new business areas and expand economic opportunities around the world in unexpected ways. This is why, among the many best defi projects...

OpenAI in Advanced Funding Discussions Targeting Over $100 Billion Valuation

OpenAI is in talks to raise over $100 billion in funding, potentially making it the second most valuable U.S. startup, with discussions also involving a chip venture with G42. (Read More)

IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge. Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model. Solana hits a 19-month peak above $102, surpassing XRP in market...

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