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
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…
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…
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…
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
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
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…
The request would have to be accepted by the courts, including Judge Katherine Polk Failla, of the U.S. District Court for the Southern District of New York, who rejected Coinbase’s request to dismiss the SEC’s original case, which accused the exchange of operating illegally. Resolving this central legal question could help steer a number of other SEC enforcement clashes with the industry. Source
“I think there is question whether staking, particularly liquid staking, turns ETH into a security,” Silagadze said. “I think how it is going to start is you will have ETH ETFs that are either contracted out or run their own infrastructure, those nodes will be compliant and censored and all of that stuff, but it’ll have a nice baked-in yield. Restaking is much more complex, so I think it’ll get there; it’ll just be a matter of time.” Source
DOGE surged as much as 5% to a session high of 17.3 cents within minutes after the post, while SHIB jumped nearly 3% during the same period. However, the advances proved to be short-lived as both cryptos pared gains. Still, DOGE was up 6% and SHIB gained 1% over the past 24 hours, outperforming the mostly flat broad-market CoinDesk 20 Index. Source