Day: May 24, 2024

Analyst Says Ethereum Spot ETFs Approval Will See “Animal Spirits” Reignite Crypto

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A crypto analyst has made a rather cryptic prediction, suggesting that the approval of Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) could unleash a new wave of “animal spirits.” This term in crypto is often used to describe an irrational exuberance and optimism that fuels financial markets.  Ethereum Spot ETF To Reignite Animal Spirits In an X (formerly Twitter) post on May 22, a crypto analyst identified as “the DeFi Villain,” made a bold forecast, anticipating the resurgence of the bull run altcoin season following…

Bitcoin (BTC) Miner Marathon Digital (MARA) Signs Deal With Kenya to Invest in Green Energy Projects

Renewable energy is Kenya’s main power source, responsible for 80% of all electricity generation in 2022, with plans to increase its share to 100% by the end of the decade. However, renewable energy sources like solar and wind are intermittent, meaning that they don’t produce energy when most of the consumption happens. Infrastructure building for renewable energy is capital-intensive and requires a power management system to store and distribute energy properly. Source

5 best free Bitcoin cloud mining platforms in 2024

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A look at this year’s top free Bitcoin cloud mining platforms, including the unique features that set them apart. The appeal of cryptocurrency can be undeniable, but the initial investment in mining equipment can be a barrier. Fear not, aspiring miners! Free cloud mining software offers a gateway to this exciting space. This article unveils the top 5 free cloud mining software options for 2024. These user-friendly platforms empower…

Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas

According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak Mining Purchases ERCOT-Approved Texas Site Northern Data’s Peak Mining […] Source CryptoX Portal

Caldera launches Guardian Nodes, creating a new path for teams to raise funds and decentralize their network – Blockchain News, Opinion, TV and Jobs

San Francisco, United States, May 24th, 2024, Chainwire Rollup-as-a-Service platform Caldera is launching Guardian Nodes, a production-ready node system that enables network users to verify rollup blocks for rewards. HYCHAIN, the first team to leverage this system with Caldera, generated $8 million from their initial node sale. Caldera, the leading Rollup-as-a-Service (RaaS) platform, currently powers over fifty EVM rollups (including Manta, Injective inEVM, Kinto, HYCHAIN, Treasure, and ApeChain) that secure ~$1B in total value locked. Along with their core rollup infrastructure, Caldera offers a catalog of over 50 integrations across…

Shiba Inu One Of The Most-Traded Tokens By Whales, Data Shows

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On-chain data suggests that large investors have been showing interest in Shiba Inu recently as they have been moving a high number of SHIB transfers. Shiba Inu Large Transactions Have Been High In Number Recently As pointed out by an analyst in an X post using data from the market intelligence platform IntoTheBlock, the Shiba Inu whales have been on the move over the past month. The on-chain indicator of interest here is the “Number of Large Transactions,” which tracks the total number of transfers on any cryptocurrency network exceeding…

Top US Crypto Exchange Coinbase Reestablishes Support for XRP Trading in New York

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Coinbase has reestablished trading support for XRP in the state of New York. The top US crypto exchange by trading volume first suspended XRP trading across the country shortly after the U.S. Securities and Exchange Commission (SEC) kicked off its lawsuit against Ripple in late 2020. The SEC alleged Ripple sold XRP as an unregistered security. That suspension was lifted last July after US District Judge Analisa Torres ruled that the San Francisco payment company’s automated, open-market sales of XRP did not constitute security sales. Coinbase immediately relisted XRP, though…

Crypto Governance Advisory MetaLeX Raises $2.75M

Into this fray steps Shapiro’s incredibly niche MetaLeX. In an interview with CoinDesk, he described it as a “business-to-business, crypto software as a services” company that’s designing standardized, smart contract-based processes for so-called decentralized autonomous organizations, or DAOs, to properly run themselves on-chain. Source

Montenegro Court Blocks Do Kwon’s Extradition to South Korea

A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud […] Source CryptoX Portal

Crypto Whale Withdraws $1.8 Million USDC From Coinbase To Buy WIF And Viral Ethereum ICO – Blockchain News, Opinion, TV and Jobs

Lookonchain has identified a crypto whale who transferred $1.8 million USDC from Coinbase to buy Dogwifhat (WIF) and ETFSwap (ETFS). The attention of crypto investors has turned to Dogwifhat (WIF) after a crypto whale withdrew $1.8 million USDC from Coinbase to buy Dogwifhat (WIF) and ETFSwap (ETFS), a viral Ethereum (ETH) ICO token that has continued to make waves across the corners of the crypto market.  Dogwifhat (WIF) Could See A Potential Bounce Amid Crypto Whale Buy On-chain data from Lookonchain, a blockchain data analytic platform, identified a large purchase…