Author: Atis. Sh

TON Boost, a leading cloud mining application available on Telegram, has announced a groundbreaking partnership with XSTAR, a pioneer in blockchain-based identity verification. This collaboration is poised to revolutionize user security and enhance the reliability of transactions on the TON Boost platform. TON Boost has rapidly gained popularity as a lucrative platform for cloud mining, leveraging the speed and accessibility of Telegram to reach a wide user base. The partnership with XSTAR is set to integrate a sophisticated Omnichain Identity Protocol into TON Boost’s system. This protocol features an Adaptive Humanity Scoring system designed to authenticate users’ identities rigorously, ensuring…

Recently, a prominent Ethereum Initial Coin Offering (ICO) investor transferred 7,000 ETH to the Kraken cryptocurrency exchange, coinciding with substantial market outflows and igniting concerns about future price trends of the cryptocurrency. This transaction marks a pivotal moment as it follows a period of significant outflows from Ethereum, the largest seen since August 2022. The investor, known in the community as an Ethereum ICO whale, executed this sizeable transfer after 209 days of inactivity. This movement involved Ethereum valued at approximately $24.28 million and reduced the whale’s holdings to just over 40,000 ETH, worth around $138.76 million. The transfer is…

Solana (SOL) stands poised for significant growth, with projections reaching as high as $1,305, according to a recent report by GSR. This potential surge is linked to the anticipation of a Solana-based Exchange-Traded Fund (ETF) gaining approval from the U.S. Securities and Exchange Commission (SEC). Currently, the crypto landscape sees only Bitcoin (BTC) and Ethereum (ETH) as meeting the strict criteria necessary for the consideration of a spot ETF in the U.S. These criteria include the existence of a federally-regulated futures market and an already established futures-based ETF. This has set a high bar, leaving Solana and other cryptocurrencies in…

As Nigeria and its Economic Community of West African States (ECOWAS) partners grapple with the burgeoning complexities of the digital asset space, there is a growing clamor for the adoption of a robust regulatory framework akin to Europe’s Markets in Crypto-Assets Regulation (MiCA). Experts within the Nigerian crypto community are advocating for this European-styled regulation, believing it would stabilize the local economy and enhance security measures against financial crimes associated with cryptocurrencies. Nigeria’s interest in MiCA, particularly its stablecoin regime, comes at a time when Europe has taken significant strides in standardizing the rules for crypto assets. The MiCA framework,…

In a world where decentralized applications (dApps) are taking over, a new player has emerged that combines the realms of social networking and blockchain technology to create what is now known as SocialFi. This integration aims to redefine the creator economy by offering content creators more equitable compensation and greater autonomy over their interactions with audiences. At the forefront of this revolution is Lyvely, a platform that seeks to empower creators through innovative financial tools and decentralized solutions. Dave Catudal, co-founder and Chief Experience Officer of Lyvely, recently discussed how SocialFi could potentially transform the way digital creators engage with…

The much-anticipated approval of Ethereum-based Exchange-Traded Funds (ETFs) in the United States appears to be facing further delays. The U.S. Securities and Exchange Commission (SEC) has recently returned the S-1 filings to the entities proposing Ethereum ETFs, with instructions to resubmit by July 8. This development has extended the timeline for what many in the crypto space see as a pivotal moment for Ethereum and the broader cryptocurrency market. Originally, the Ethereum ETFs were expected to launch by June 2nd, marking a significant milestone in the integration of cryptocurrencies into mainstream financial markets. However, the SEC’s latest feedback suggests that…

MicroStrategy’s co-founder and chairman, Michael Saylor, has once again voiced his confidence in Bitcoin’s potential, despite the cryptocurrency’s current sluggish market performance. In a recent tweet, Saylor succinctly captured his optimistic stance: “Bitcoin expands your universe.” This assertion arrives amidst a noticeable downtrend in Bitcoin trading volume, particularly over weekends, which has sunk to an all-time low this year. Bitcoin’s Recent Market Performance Data from the cryptocurrency research firm Kaiko indicates a stark decline in weekend trading volumes, with only 16% of Bitcoin’s activity recorded during these days in 2024, a significant drop from previous years. This unusual quiet in…

Bitdeer, the Bitcoin mining company founded by Chinese billionaire Jihan Wu in 2020, has significantly expanded its operational capacity in the United States through a strategic 30-year lease agreement with the Monroe County Port Authority. This move will provide Bitdeer with up to 570 megawatts (MW) of additional power capacity at the Hannibal Industrial Park in Clarington, Ohio, setting the stage for substantial growth in its mining activities, high-performance computing (HPC), and artificial intelligence (AI) applications. The choice of Hannibal Industrial Park is pivotal for Bitdeer. This site, a former aluminum processing facility, comes equipped with robust infrastructure including utility…

June 30, 2024, marks a significant turning point in cryptocurrency regulation within the European Union as the new “Stablecoins Regime” under the Markets in Crypto-Assets Regulation (MiCA) comes into effect. This pivotal move introduces a robust framework aimed at ensuring greater transparency, security, and stability within the burgeoning stablecoin market, which currently represents the largest use case for crypto assets. The introduction of MiCA heralds a major shift from the EU’s previous focus solely on anti-money laundering and counter-terrorist financing to a more comprehensive regulatory landscape. This change is set to provide legal certainty, protect consumers and investors, and support…

The crypto market is currently experiencing heightened excitement following a pivotal legal decision that benefits Binance in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). This decision, which dismissed certain SEC claims against Binance, draws on precedent set by the Ripple case, marking a significant moment in cryptocurrency regulation and the broader industry’s fight for clarity. In the case SEC vs. Binance, the dismissal of a critical claim related to secondary market sales of BNB, Binance’s native token, highlights a turning point influenced by Judge Analisa Torres’ earlier ruling in the Ripple lawsuit. In 2023, Judge Torres…