Day: February 20, 2024

Best crypto to mine with ASICs in 2024

Which are the best cryptos for mining with ASICs in 2024, and how much can miners expect to earn? The global crypto mining market, which reached nearly $2.93 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 12.2% and reach $8.26 billion by 2032. A 2023 report by the Energy Information Administration (EIA) highlighted that crypto miners used as much electricity as the entire country of Australia, accounting for about 1 percent of global electricity demand.  In the U.S. alone, crypto mining operations were…

Crypto Analyst Predicts 10X Move For Filecoin (FIL) To $70, But Can It Reach ATH?

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Over the last day, Filecoin (FIL) has seemingly emerged from the shadows to stage a price recovery of over 10%. This notable move has brought more attention to the altcoin, which had previously failed to follow the general crypto market recovery. On the back of this, one crypto analyst predicts big things for the altcoin, expecting a 1,000% increase in its price. Filecoin Will See A 10X Rise To $70 In the analysis that was shared on X (formerly Twitter), crypto analyst “Tony The Bull” told his almost 20,000 followers…

Government Prosecutors Urge Judge To Accept Plea Deal for Crypto Exchange Binance: Report

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US government prosecutors are reportedly urging a federal judge to accept crypto exchange Binance’s plea deal. In November 2023, the top global crypto exchange was hit with a $4.3 billion fine by the U.S. Department of Justice (DOJ) to settle a multi-year investigation. Changpeng Zhao, Binance’s controversial chief executive, said he would plead guilty to violating US anti-money laundering laws and step down as CEO. A sentencing memo filed to a federal court in Seattle last week indicates that prosecutors want the case’s judge to accept the plea deal, according to…

Ethereum Price Overtakes BTC -Is $4k ETH a Valid Prediction?

Ethereum price surged past $3,000 on Feb. 20, eclipsing Bitcoin’s 22% growth; ETH 2.0 staking deposit trends observed this week suggest the gap could widen even further. The media frenzy surrounding the Bitcoin ETF approval saw BTC price outperform ETH in the early days of the 2024 market rally. However, this market trend has flipped since the start of February.  As investors make long-term bets, the bulls may capitalize on the rising ETH 2.0 staking deposits and declining market supply to drive a rally above $4,000.  Ethereum surpasses BTC despite…

Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event – Blockchain News, Opinion, TV and Jobs

Palo Alto, United States of America, February 20th, 2024, Chainwire The joint organizers behind the first annual global Sui conference, Sui Basecamp, today announced the initial wave of confirmed speakers for the Parisian event taking place on April 10 and 11, 2024. Sui Basecamp is a celebration of the developers and entrepreneurs building on Sui, the innovative Layer 1 blockchain and smart contract platform, and will feature speakers and thought leaders from all over the world and throughout the greater Web3 ecosystem.  Sui Basecamp’s initial wave of speakers includes:  Arianna…

Pyth Network Unveils Real-Time Bitcoin ETF Price Feeds, Bridging Defi and Traditional Finance

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On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs […] Original

Cardano Poised For Massive Rally As Key Indicators Signal Bullish Reversal, ADA Surges 14%

ADA, the native token of the Cardano ecosystem, has experienced a notable surge in price, taking advantage of Bitcoin’s (BTC) stagnation above the $52,000 level. With gains of 20% and 14% over the past thirty and fourteen days, respectively, ADA has reignited bullish sentiment among investors. The token’s recent performance has not gone unnoticed, as crypto analyst “Trend Rider” makes a bold price prediction, highlighting key indicators that suggest a potential long-term bull run for ADA. ADA’s Potential Bull Run Ahead In a social media post on X (formerly Twitter),…

Ethereum price approaching $3k, supporters accumulating

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum is edging toward $3K, adding 3.9% in the last 24 hours. After months of comparative dormancy, ETH is seemingly waking up. Currently, Ethereum is up 3.95%, trading at $2,914. The move follows an exceptionally bullish weekly close for Ethereum, where its price soared past the significant $2.5k level.  Ethereum’s 21-day EMA and RSI indicator also reflect bullish momentum, with ETH finding support on the 21-day EMA before its…