[ad_1] Russia has taken steps to limit cryptocurrency mining in specific regions to address potential energy shortages during the winter months. The government commission overseeing the country’s energy management announced a seasonal ban on mining activities in several Siberian regions. Reason Behind The Seasonal Bans? According to the report, the seasonal bans in multiple Siberian regions in Russia are because these areas are known for their affordable electricity due to their proximity to hydropower plants, which have made them hubs for mining operations. The seasonal strain on the energy grid, coupled with Siberia’s harsh winters, has led authorities to prioritize…
Author: dfrancis36
[ad_1] A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a series of rallies. In a new strategy session, crypto trader Michaël van de Poppe tells his 737,600 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) could soon hit $1 if it can break out of a trading range’s upper bound at $0.52. “Very strong moves on the markets for SEI. Expecting this to break through this resistance zone, and if that’s the case, then I’m assuming we’ll see this one have a run…
[ad_1] Speculations on the next chair of the Securities and Exchange Commission continue to swirl as incoming US President Donald Trump remains mum on the issue. Several names have been floated, with XRP’s John Deaton and SEC’s Mark Uyeda being two recent figures in the media. However, if the current insider talks are to be considered, it seems that Trump favors SEC lawyer Teresa Goody Guillén to replace Chairman Gary Gensler. Sources say Trump wants to overhaul the agency and avoid Gensler’s “aggressive regulation” on crypto. According to Trump’s transition team, Teresa Goody Guillén, an experienced securities lawyer, is leading…
[ad_1] Este artículo también está disponible en español. Bitcoin reached a new all-time high yesterday, surging to $94,000 and solidifying the bulls’ control over the market. This milestone has ignited widespread speculation about the key factors fueling the rally, as Bitcoin continues to dominate headlines and capture investor enthusiasm. Related Reading Key insights from CryptoQuant CEO Ki Young Ju shed light on the drivers of this historic surge. According to Ju, this rally has been powered by Coinbase investors, with U.S.-based buyers playing a significant role. The influx of demand from these investors underscores the growing domestic interest in Bitcoin…
[ad_1] On Wednesday afternoon, Bitwise Investment, a prominent asset manager and exchange-traded fund (ETF) issuer, submitted an S-1 form application for a spot Solana ETF to the US Securities and Exchange Commission (SEC) in the state of Delaware. This move positions Bitwise in the race for regulatory approval to launch an index fund that invests in Solana, currently the fourth-largest cryptocurrency by market capitalization. Bitwise Joins Race For Solana ETF This application follows similar efforts by other asset managers, including VanEck and Canary Capital, which have also sought approval for their own Solana ETF proposals in recent months. However, the…
[ad_1] Market analytics platform Arkham Intelligence is announcing the launch of a new spot trading exchange. In a new thread on the social media platform X, the crypto intelligence firm says it plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham notes that some US users will have to wait until the platform is fully regulated. “Eligibility varies by jurisdiction. Users residing in the United States will be excluded from onboarding until onboarding is legally permitted in their country and state.” According to previous reports, Arkham first announced in October…
[ad_1] Este artículo también está disponible en español. The Cardano blockchain has witnessed a surge in trading activity over the past few weeks, with price data relaying this trend. Cardano’s price increase in the past 30 days has been more than impressive, with its price doubling within this period. At the time of writing, the ADA is now trading at its highest point so far in 2024 after breaking above the March high of $0.77. Delving deeper into the forces behind this rally, on-chain metrics suggest that the surge is being driven by strong buying momentum, particularly from large ADA…
[ad_1] According to a Bloomberg report, President-elect Donald Trump’s transition team is considering the establishment of a new White House position dedicated exclusively to crypto policy. This development coincides with growing speculation about the inclusion of pro-crypto leaders in key positions within the new administration, as Trump’s advocacy for digital assets has been evident during his presidential campaign. Trump’s Plan To Reshape Crypto Policy Per the report, sources familiar with the transition efforts indicate that Trump’s team is actively vetting candidates for this unprecedented role, which would mark the first time a position focused solely on crypto has been created…
[ad_1] My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to…
[ad_1] Ethereum (ETH) has been underperforming in this cycle, trailing far behind Bitcoin’s impressive rally to new all-time highs. While Bitcoin captures headlines with its continued surge, ETH struggles to reclaim its yearly highs, leaving many investors questioning its next move. Despite the lackluster price action, data from CryptoQuant CEO Ki Young Ju reveals a silver lining for ETH holders. According to Ju, many ETH investors are enduring unrealized losses, reminiscent of ETH’s early 2020 bottom before its explosive bull run. This suggests that the current market conditions might offer a unique opportunity for long-term ETH investors. Ju’s analysis highlights…