Posted 1 minute ago In ~ Chinese cryptocurrency mining companies are increasingly turning to Africa, particularly Ethiopia, for their mining operations, according to a new report from Bloomberg. Ethiopia, like China, has officially banned cryptocurrency trading but legalized Bitcoin mining in 2022. Now, after years of searching for new investment hubs following China’s cryptocurrency ban in 2021, Chinese companies are increasingly investing in operations in the African country. According to Bloomberg, 19 of the 21 companies that have signed deals with Ethiopia’s power monopoly are Chinese. Miners are attracted by Ethiopia’s cheap electricity. Despite the fact that almost half of…
Author: Crypto Flexs
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Cryptocurrency and NFT The gaming space is busier than ever, with popular games releasing, token airdrops piling up, and other things happening almost constantly. It’s a lot to take in!luckily, decryptionGG is everything. If you want to stay up to speed on the latest trends in cryptocurrency video games, Crypto Games is making its debut this week.Weekend Tips brings you the biggest news of the past week, plus a few others you might have missed. We’re also featuring a few original stories of the week.biggest newsPIXEL is coming soon: The popular Ronin social and farming game Pixels is a The…
Web3 security company Blowfish has identified two new Solana drainers capable of performing bit-flip attacks, as revealed in a February 9 analysis shared by X. These drainers, called ‘Aqua’ and ‘Vanish’, have been observed to modify internal conditions. On-chain data remains available even after a user signs a transaction with their private key.Fraud market as a serviceThese drainer scripts are available for a fee on the Fraud-as-a-Service marketplace, allowing malicious actors to exploit vulnerabilities in the Solana ecosystem. Blowfish’s analysis highlights the methods these exfiltrating devices use to siphon off data and funds, and highlights how easily they can avoid…
Known for Bitcoin (BTC)’s 2018 market bottom, the cryptocurrency strategist believes Solana (SOL) looks mature enough for a major upside. Alien analyst Bluntz told his 239,500 followers on social media platform X that Solana appeared to be staging a third-wave rally. The trader shares a chart that suggests SOL could reach price levels last seen in January 2022 before ending its five-wave surge. “What looks SOL is now bullish and in three waves up to $150+. There were more bids at $90, but it didn’t hit, so it ended up not being as full as I wanted, but it’s still…
We all know that Hercules had to do 12 labors to prove himself and his strength. At least I thought so. I should have known better where the ancient Greeks and their mythology related. Apparently the real reason for the labor was atonement for the goddess Hera’s murder of her wife and children after inducing a state of madness. They were truly a bloodthirsty bunch of ancient Greeks. Relax Gaming thankfully uses a Disneyfied version of the story for their new game Hercules Unleashed Dream Drop slot. Where is Pegasus when you need him? The slot’s re-spin feature is triggered…
A Ripple spokesperson confirmed the departure of CEO Adrien Treccani and Chief Product Officer Peter DeMeo and said: “We are grateful to Adrien and his team for the strong, industry-leading custody business they have built, as well as his leadership in integrating the custody team and solutions with Ripple. Since our acquisition last year, we are grateful to Adrien for delivering best-in-class enterprise encryption solutions to our customers around the world. As we continue to deliver, storage remains essential to Ripple’s growing business.”
Since the end of the spot Bitcoin exchange-traded fund (ETF) trading session on February 9, 2024, nine newly launched ETFs have accumulated 6,009.49 Bitcoin worth approximately $288 million. At the same time, Grayscale’s Bitcoin Trust (GBTC), which has developed into a publicly traded product, sold approximately 2,252.2 bitcoins, amounting to approximately $108 million. New Bitcoin (…) Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong.advertising Read…
reporter Posted on: February 12, 2024 Solana’s TVL breaks one-month record. SOL continued its upward trend above $100. Important indicators for Solana (SOL) have been trending upward over the past few weeks, reaching levels not observed in over a year. In light of this growth, how has SOL performed recently? Solana confirms historic TVL rise AMBCrypto’s analysis of Solana’s Total Value Locked (TVL) shows that it has recently surged to new highs. According to data from DefiLlama, TVL began its rise around January 23, starting at around $1.2 billion. Since then, TVL has increased by approximately $500 million, reaching approximately…
What is SUI? Sui (pronounced “Swee”) is distributed layer 1. Proof of Stake Blockchain, like Bitcoin and Ethereum, is meant to serve as the underlying infrastructure for verifying and processing transactions. layer 1 blockchain It is a backbone that supports a specific token or a network of various tokens. Sui was developed by: Miss Teen Lab, a group of former Meta employees. It is designed to limit the time it takes to run. smart contract Supports scalability for decentralized applications (dApps). The network believes it has cracked the code on smart contract execution in terms of speed, high security, and…
join us telegram A channel to stay up to date on breaking news coverage As Sponge V2 gains momentum in its transition, investor confidence in the Sponge project increases, resulting in weekly gains for the $SPONGE token. Sponge V2 migrated to the Polygon network to benefit from faster transaction speeds and lower fees compared to Ethereum. This move also addresses security concerns caused by previous liquidity pool attacks. With future developments such as staking rewards, a growing community, and a Play-to-Earn racing game, Sponge V2 hopes to capitalize on the meme coin trend despite the inherent risks. Polygon Network Launches…