Day: April 22, 2024

XRP Price Scenarios Ahead Of Ripple-SEC Case Update: Analyst

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In a chart analysis shared via X, the crypto analyst Dark Defender provided insight into the potential price movements of XRP ahead of this week’s Ripple-SEC case update. The analysis, conducted on a monthly time frame, reveals that XRP has been holding above a critical support trend marked in blue. With the crypto community’s eyes set on the new Ripple filings expected next week, there’s a mix of anticipation and caution. XRP Price Enters Potentially Crucial Week Dark Defender notes that although market news does not typically have a direct…

Thailand to block unauthorized crypto platforms to combat online crime

Thai authorities have decided to prohibit unauthorized cryptocurrency platforms in order to improve law enforcement’s efficiency in combating internet crime, as per an announcement made on April 19. Following a meeting of the Technology Crime Prevention and Suppression Committee, Thailand’s Securities and Exchange Commission (SEC) was directed to give the Ministry of Digital Economy and Society information about unlicensed digital asset service providers in order to prevent access to the platforms. According to the release, the SEC has examined the impact on users and will allow them time to manage…

Will Norway’s new regulations drive Bitcoin miners away?

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How will Norway’s crackdown on crypto mining impact the global Bitcoin market and the country’s economy? Amid the recent completion of Bitcoin’s (BTC) fourth halving, which saw miner rewards halved to 3.125 Bitcoins, Norway is taking decisive steps to address the energy-intensive practice of crypto mining within its borders.  Against Bitcoin’s price volatility, currently hovering around $66,000, the Norwegian government is gearing up to enact new legislation aimed at reining in data centers, a move partly intended to curb crypto mining activities. According to a report from local news outlet…

Crypto Exchange Okx Partners With Manchester City to Launch Football Shirts Mintable as Digital Collectibles

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Okx and the English football club Manchester City have partnered to launch commemorative football shirts that can be minted as non-fungible tokens (NFTs). Fans of Manchester City, the reigning English football champions, will be able to mint the “Unseen City Shirts” digital collectible from April 22-25. Authentic Fan Engagement The cryptocurrency exchange Okx and the […] Source

Swiss Bitcoin advocates launch campaign to include BTC in National Bank reserves

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Multiple Swiss Bitcoin advocates are spearheading a renewed campaign to persuade the Swiss National Bank to include Bitcoin (BTC) in its reserves through a constitutional referendum. Yves Bennaïm, who leads the non-profit think tank 2B4CH driving this initiative, argued that integrating Bitcoin into the national bank’s reserves is critical for maintaining Switzerland’s “sovereignty and neutrality” growing global instability. Speaking to a Swiss news outlet, Neue Zürcher Zeitung, on April 20, Bennaïm mentioned that they are finalizing the organizational setup and drafting necessary documents to be submitted to the State Chancellery…

Crypto Exchange Woo X Claims a First With Tokenized T-Bills for Retail Investors

“For the first time, retail users on a centralized exchange can instantly access an interest-bearing account backed by U.S. Treasury Bills,” Chuang said in an email. “This initiative bridges a crucial gap between traditional financial securities and the dynamic world of cryptocurrency, offering our users an unprecedented opportunity to engage with low-risk, high-quality financial assets in a seamless, secure, and efficient manner.” Source

FTX Estate Plans Auction for Locked Solana Tokens

Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $1.9 billion and $2.6 billion in […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Miners Strike Gold, Gain $107 Million Profit

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Bitcoin miners have struck a proverbial goldmine, reaping an astonishing $107 million in profits, according to data from Glassnode, a leading analytics platform. This unprecedented windfall, amassed on April 20th, underscores a significant shift in the revenue dynamics of Bitcoin mining operations. The meteoric rise in transaction fees serves as a bellwether for the evolving economic landscape of Bitcoin mining. As the network adapts to new market demands and technological advancements, transaction fees have emerged as a crucial revenue stream for miners. This trend is particularly noteworthy given the scheduled…