Category: Crypto

CleanSpark Inc. has achieved a milestone, mining 445 Bitcoin (BTC) in June and surpassing its mid-year operational hashrate target of 20 exahashes per second (EH/s). This achievement follows the acquisition of five new mining facilities in Georgia, which has increased the company’s overall capacity. CleanSpark’s Milestone In its latest unaudited Bitcoin mining and operations update for the month ending June 30, 2024, CleanSpark detailed its progress. “We reached a tremendous milestone on our path to 50 EH/s and beyond. Surpassing 20 EH/s in operational hashrate is more than double our…

Bitcoin mining firm Riot Platforms increased its deployed hash rate by 50% in June, helping it mine 255 Bitcoin (BTC) — a near-20% increase from May. Riot’s hash rate increased from 14.7 exahashes per second to 22 EH/s over the month after it completed miner installations at its Corsicana facility and tapped into additional available capacity at its Rockdale Facility. In a July 3 statement, Riot’s CEO Jason Les, described June as a “historic month” as the firm managed to exceed its mid-year deployed hashrate target of 21.4 EH/s. The…

TL;DR Binance will terminate trading for six pairs, including BTC/AEUR and ETH/AEUR, effective July 5, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has added new ones like WIF/BRL and ZK/USDC, though these are not available to users in certain restricted regions. Binance’s Latest Move The world’s largest cryptocurrency exchange – Binance – will terminate trading services for the following six pairs: BTC/AEUR, ETH/AEUR,AI/TUSD, CHR/BNB, GAS/FDUSD, and LQTY/FDUSD. The amendments will take effect on July 5. The company did not provide an exact reason…

KuCoin, a leading global cryptocurrency exchange, has announced that effective July 8, the platform will begin collecting a value-added tax (VAT) at a rate of 7.5% on transaction fees for users whose KYC (Know Your Customer) information is registered in Nigeria. This new policy, announced on X, means that Nigerian users will see a slight increase in the fees associated with their trades on KuCoin. Notably, the 7.5% VAT is only applied to the transaction fee, not the total transaction amount and will cover all transaction types on the KuCoin…

TL;DR Ripple uses a recent Binance ruling to argue against harsh penalties in their SEC lawsuit, citing regulatory uncertainty. The agency has reduced its proposed penalty from $2 billion to $102.6 million, while the company argues for a maximum fine of $10 million. Ripple on the Move The legal confrontation between Ripple and the US Securities and Exchange Commission (SEC) has witnessed numerous developments as of late. Most recently, the company filed a Notice of Supplemental Authority regarding a recent decision related to crypto exchange Binance. Last week, Judge Amy…

Social media giant Meta is looking to bring “entirely new types of gameplay” to its metaverse by forging generative artificial intelligence tech with virtual, augmented and mixed-reality games.  According to a recent job listing, Meta wants to research and prototype new “consumer experiences” using generative AI, such as games that are “non-deterministic, personalized, and change every time you play them.” “This is a nascent area but has the potential to create new experiences that are not even possible to exist today.” According to Meta, the successful candidate will initially work…

The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum. Part of the reason is due to a major court ruling regarding the Securities and Exchange Commission (SEC)’s lawsuit against Binance, which Ripple has now leveraged in its ongoing battle with the regulator. In a letter to Judge Analisa Torres, Ripple’s legal counsel Michael Kellogg argued that the recent Binance ruling supports Ripple’s case that its illegal sales of XRP do not warrant “harsh…

Bitcoin (BTC) focused on $63,000 on July 2 as attention switched to macro liquidity changes. BTC/USD 1-hour chart. Source: TradingView Bitcoin analyst on global liquidity: “You love to see it” Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement gains, which accompanied the monthly close. Despite an overall failure to tackle key resistance levels above $64,000, Bitcoin traders had renewed cause for optimism as July got underway. “Bitcoin has resumed its uptrend,” popular trader and analyst Rekt Capital summarized in one of several news posts…

[PRESS RELEASE – London, United Kingdom, July 2nd, 2024] Solciety has raised over $619,000 in the first two weeks of its presale, capitalizing on the rising popularity of PolitiFi and Solana meme coins. The platform’s community, now over 15,000 strong on Twitter and Telegram, has significantly contributed to early presale activity. This growth aligns with notable trends such as PolitiFi’s market cap exceeding $1 billion and SOL meme coin Popcat achieving a +18,000% increase between January and May. The Solciety presale offers an opportunity to buy in early at a…

The crypto markets could be set for a “relief rally” after a market rollercoaster in June, with some analysts suggesting selling pressure on exchanges has tapered off. “Looking at July’s outlook, there is major reason to be optimistic after so much small trader capitulation,” crypto intelligence platform Santiment posted to X on July 2. It added negative market sentiment and trader losses mean “a relief rally may just be beginning.” Bitcoin (BTC) fell almost 7% over June, bottoming out at $59,500 during the month, according to Cointelegraph Markets Pro. Many…