Cloud mining firm BitFuFu has launched a voucher marketplace for Bitmain’s Antminer-branded rigs. Bitmain is the major provider of cryptocurrency mining hardware. Sales of cryptocurrency mining hardware dropped last year, so Bitmain responded by offering discounts on its Antminers to loyal customers. However, many of them are still sitting idle
Market participants are making moves as Hong Kong’s officials attempt to restore the city’s status as Asia’s crypto powerhouse. Most recently, Huobi Global, headed by Justin Sun, revealed that it has sought a crypto trading license in Hong Kong. Huobi Global, the company behind the Huobi exchange, is also trying
As the crypto markets continue to reach new heights, the price of Ethereum (ETH) appears to be on an upward trajectory and is showing signs of a massive surge in the near future. This is according to a recent analysis by an experienced analyst, who notes that the cryptocurrency’s volatility
In the State of Illinois, Senator Robert Peters introduced a bill under the Digital Property Protection and Law Enforcement Act, on the 9th of February. The motto behind this bill (SB1887) is to protect the people in the state against digital property crimes and fraud. To summarize the bill in
Today the world’s leading crypto hedge fund Galois Capital announced its closure after losing significant funds in the cryptocurrency exchange FTX collapse. Galois stated in a tweet, “Thank you all for the kind words. Yes, it is true that our flagship fund is shutting down”. I appreciate the outpouring of
The Securities and Futures Commission (SFC) of Hong Kong is seeking public input on its recently proposed licensing scheme for cryptocurrency exchanges. That is slated to go into effect in June 2023. On Feb. 20, the SFC announced the consultation process and detailed a new licensing framework for the industry.
The most recent Proof-of-Reserves report shows that OKX is over-collateralized. With reserve ratios of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT. Since its Proof-of-Reserves website went up at the end of last year. The exchange claims that more than 175,000 unique visitors have checked it
The FlokiFi Locker has now surpassed $31.5 million in Total Value Locked (TVL), showing the continued growth in popularity of Floki’s digital asset locker. FlokiFi Locker is a multi-chain protocol that supports 12 EVM-compatible blockchains, including BNB Chain. The protocol secures digital assets with an ERC-1155 multi-token standard solution. This
The largest cryptocurrency “Bitcoin (BTC) overtook Visa” to rank as the eleventh-largest asset by market capitalization. The price of BTC has increased by over 48% since the start of 2023. At the time of writing, Bitcoin traded at $24,486 with a market capitalization of $472 billion, slightly more than the
After a deep bearish trough since the start of February, Solana (SOL) transitioned to an uptrend exhibiting a 12% surge in the last 24 hours. SOL’s price has jumped from $23.64 to $26.64 at press time. According to data, SOL laid down four consecutive green candles to exhibit its uptrend.
