Day: February 4, 2024

US Government Announces New Probe Into Cryptocurrency Mining Operations in the United States

boss

The U.S. Energy Information Administration (EIA) is announcing that it will be carefully examining crypto mining operations in the country. In a recent press release, the EIA, a statistical and analytical agency within the U.S. Department of Energy, says that it wants to keep track of how much electricity is being used by US firms that mine digital assets. The EIA also says it will be asking the public for its opinion on the energy data it collects from the companies. “The U.S. Energy Information Administration is initiating a provisional…

Render and Borroe Finance leaving mark in AI

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu, a popular meme coin, has reached a significant milestone, while platforms like Render and Borroe Finance are making strides in AI.  Shiba Inu’s achievement Shiba Inu has processed over 180 million transactions on its layer-2 solution, Shibarium.  The fact that Shibarium recorded almost 8 million transactions in one day shows that the coin is not just a fad and has become a serious player in the blockchain industry.  Shiba…

US government targets crypto mining energy use in new data initiative

The U.S. government has announced a new initiative to keep tabs on the energy consumption of cryptocurrency mining operations. The Energy Information Administration (EIA) will soon embark on a data-gathering mission, engaging directly with commercial crypto miners to gather comprehensive details regarding their energy usage. Starting next week, this exercise aims to highlight the evolving energy patterns related to crypto mining, pinpoint areas of concentrated growth, and shed light on the energy sources underpinning this digital asset creation. Authorized under an urgent data collection directive by the White House Office…

How To Mint BRC-20 Tokens On The Bitcoin Network

boss

BRC-20 tokens open doors for developers to build their own decentralized applications (dApps) with unique economies on the Bitcoin network. This fosters community engagement through internal currencies, and attracting investment through innovative token sale structures. BRC-20 tokens are fungible tokens built on the Bitcoin network using the Ordinals protocol. It also utilizes inscriptions containing JSON (JavaScript Object Notation) data to facilitate the deployment of token contracts, minting tokens, and transferring tokens. Presently, the BRC-20 token standard offers the ability to create a BRC-20 token using the deploy function, mint a…

Ethereum and Bitcoin firm, Rebel Satoshi at new highs

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The recent approval of Bitcoin exchange-traded funds has been trending, even impacting Ethereum. Amid this, analysts are bullish on Rebel Satoshi (RBLZ) once it officially launches. Will the SEC approve spot Ethereum ETF in May 2024? A few companies have applied to the Securities and Exchange Commission (SEC) for a spot Ethereum ETF, but so far, they have yet to be approved.  A researcher from Standard Chartered thinks that…

Solana and Avalanche recovers, meme coin targeting to raise $5m

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. In January, Spot Bitcoin ETFs added 151,000 BTC. Solana (SOL) and Avalanche (AVAX) are firm, while Galaxy Fox (GFOX) investors are targeting $5 million in presale. Jerome Powell’s decision to keep rates stagnant confirms the end of the hiking cycle. Over-leveraged traders are struggling, but investors buying at spot are comfortable.  Solana and Avalanche recover Solana and…

Bitcoin falls, XRP and NuggetRush may post sharp gains

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin fell after the Federal Reserve announced that it would keep rates steady. Meanwhile, analysts say XRP can rally in 2024. On the other hand, more investors are exploring NuggetRush (NUGX). Bitcoin drops Bitcoin recently fell to $42,000 following the Fed’s decision to delay interest rate cuts due to, among other macro factors, falling inflation and a robust labor market. Despite this, many analysts remain optimistic, citing the upcoming…

Transactions Break Past 4 Million

boss

Cardano, a blockchain platform known for its research-oriented strategy and eco-friendly Proof-of-Stake consensus, is experiencing substantial growth. Increased transaction volumes, a variety of project launches, and active development within its ecosystem underline this expansion. Cardano Transaction Boom December and January saw Cardano process over 4 million transactions, showcasing a significant increase in on-chain activity. This growth aligns with the platform’s ambition to become a scalable and sustainable blockchain for real-world applications. The blockchain platform isn’t just processing transactions; it’s attracting developers and projects. Eight new projects launched on Cardano in…

Does your digital asset exchange abide by the rules?

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States Securities Exchange Commission’s (SEC) eleven Bitcoin ETF approvals, which took over a decade of efforts by fund managers to accomplish, have institutionalized Bitcoin, allowing digital assets to seep into investors’ portfolios in the US forever. With the two largest digital asset exchanges—Coinbase and Binance—still battling in court with the SEC, digital asset investors should beware that to protect investors, federal agencies SEC, Commodity Futures…

How To Create And Mint Your Own NFTs On The Ethereum Network

boss

The allure of creating your own NFTs and BRC-20 tokens is undeniable. For artists, owning and monetizing their digital creations through NFTs offers a new level of control and potential financial reward. Beyond the realm of art, NFTs can foster passionate communities, grant exclusive access to events, and even act as fundraising tools.  However, stepping into the world of token creation isn’t without its challenges. It demands both a technical understanding of blockchain technology and smart contracts, along with a careful consideration of financial risks and potential regulatory implications. Before…