Crypto news

Bitmain’s investment represents not only a significant financial commitment but also a strategic move to fortify its partnership with Core Scientific. Bitmain, a leading manufacturer of crypto mining rigs, has announced a substantial investment of $53.9 million in Core Scientific, a major North American blockchain data center provider and digital asset miner since 2017. Core Scientific operates data centers in multiple US states and utilizes their Minder software for efficient mining...

Mehta stepped down from his role as the company’s CEO last year and following Tuesday’s IPO, will cease to serve as Executive Chairman. Online grocery delivery startup Instacart’s founder Apoorva Mehta is now a billionaire after selling 700,000 shares of the company. Mehta, 37, co-founded Instacart in 2012 and went on to grow the business to a market value of $8.8 billion following an Initial Public Offering (IPO) on Tuesday. Mehta is now reportedly worth $1.1 billion. At its peak in March...

NHN said it chose the Sui blockchain for its crypto game development thanks to its low transaction fees, fast processing time, and high scalability. South Korean mobile game developer NHN has joined the crypto bandwagon through a partnership with Mysten Labs, the owner of the Sui blockchain, to develop games for players in the industry. In an official press release dated September 21, the company’s gaming division announced its expansion into the Web3 ecosystem, joining the ranks of South...

Bitcoin cash price started a downside correction from the $225 zone against the US Dollar. The price is now trading below the $215 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $212 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $204 and $198 support levels. Bitcoin cash price is declining from the $225 zone against the US...

The popular cryptocurrency analyst using the X handle EGRAG CRYPTO believes Ripple’s native token has a chance to skyrocket to $1.40. The asset needs to close above a certain level “with undeniable confirmation” for this to happen. In the following lines, we will take a closer look at the exact conditions. XRP Has a Chance for a ‘Meteoric Rise’ EGRAG CRYPTO presented a chart depicting XRP’s current valuation and possible expansion should it enter a green bullish area. The...

On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding government surveillance state.” The House Majority Whip has been battling against Federal Reserve moves to develop a CBDC. The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding...

In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether. Etherscan data revealed that $4.46 million worth of Tether (USDT) was siphoned from an unsuspecting Kraken wallet user. The stolen funds were subsequently transferred to an address concluding with “ACa7.” Another Successful Phishing Attack Details are thin about how the scam was executed, however, prominent blockchain security company PeckShield flagged the address...

Shibarium’s Marketing Strategist, going by the handle LUCIE on X (Twitter), is among the people who believe the price of Shiba Inu (SHIB) will soon head north. Previously, the developer urged investors to ignore media propaganda and fake news (also known as FUD) and keep their trust in the memecoin’s future advancement. ‘SHIB Represents the People’ LUCIE’s most recent X post was focused on Shiba Inu’s native token, specifically its chances to skyrocket in the foreseeable...

Shibarium’s Marketing Strategist, going by the handle LUCIE on X (formerly known as Twitter), believes the layer-2 scaling solution has so far been a major target of so-called “hype” investors. As such, they assumed the project was is poised to prosper once “serious” investors shifted their focus on it. Time for a ‘Real Growth’ LUCIE took it to X to urge “serious” investors to consider entering Shibarium’s ecosystem since the ones who were “merely seeking a quick pump” have...

The owner of the Carolina Fish Market in Ballantyne, North Carolina is in trouble for using a COVID-based loan to purchase cryptocurrency. James Seidel has been accused of defrauding the Small Business Administration (SBA) using Economic Injury Disaster Loan funds. COVID Fraud Became Rather Prominent The COVID pandemic of 2020 and 2021 brought about a huge string of disasters. The economy tanked, people were out of work, and many businesses were forced to either...