Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024. In its first-quarter earnings report, the firm reported producing 2,811 Bitcoins during the first quarter of 2024, compared to 4,242 in the last quarter of 2023, a decline of 33.73%. Marathon Digital reported revenues…
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A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and Pennsylvania demand more discourse on digital assets from political candidates ahead of the 2024 elections.…
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Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by making digital asset management more user-friendly and secure. Derec Alliance Forms to Enhance Blockchain Recovery Solutions The Derec…
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Chiliz, the owner of the blockchain sports rewards platform Socios.com, and Azuro, a liquidity layer for onchain predictions, have partnered to grow the onchain sport prediction market. In an announcement, the firms said the collaboration will involve Chiliz Chain integrating the Azuro Protocol, and adding existing supported chains such as Polygon and Gnosis Chain. This…
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2024 US Presidential hopeful Donald Trump isn’t much interested in “Jeo Boden (BODEN)” memecoin, a joke crypto token mimicking the current President Joe Biden. Former President Trump, answering to his fan questions, mocked the memecoin after hearing that the token reached $240 million market-cap. “That’s a lot of money for a coin, I don’t like…
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Nigeria has fired back at Binance Holdings’ bribe accusation, claiming it’s a distraction to shift focus away from the exchange’s actions. The statement on Wednesday followed Binance CEO Richard Teng’s blog post, where he accused a Nigerian government official of pressuring crypto representatives to accept a secret agreement. This agreement would supposedly settle claims the…
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An illegal XRP exchange operator has been sentenced to jail for eight years in South Korea after duping investors out of almost $3.4 million. The unnamed operator stole almost $2 million of the total from one individual, prosecutors explained in a trial at the Seoul High Court. Illegal XRP Exchange Told Customers it Had a…
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Argentina’s state-run energy provider has completed a new Bitcoin (BTC) mining deal that will see the firm use associated gas to power 1,200 ASIC mining rigs in Patagonia. Per the Spanish-language media outlet Criptonoticias, the deal involves the Argentinian government-owned firm Fiscal Petroleum Yacimientos (YPF) and its YPF Luz affiliate. The agreement also involves the…
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Bitcoin Price Prediction: As Bitcoin oscillates around $61,368 following a 2.60% decrease, market watchers are closely monitoring the impact of a new $1 billion liquidity fund for Hong Kong’s crypto ETFs. This fund aims to stabilize and perhaps catalyze a bull market in Asia, influencing Bitcoin price predictions across the region. Wintermute Enhances Liquidity for…
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On Wednesday, the cryptocurrency exchange and derivatives trading platform Bitmex declared its introduction of new trading options. Users now have the opportunity to engage in a broad selection of crypto options, which are margined in bitcoin, USDT, or USDC. Bitmex Introduces Options Trading On Wednesday, the crypto firm Bitmex, established in 2014 by Arthur Hayes,…
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