Marathon Digital Enters Kaspa MiningAccording to Marathon Digital’s X post, the Bitcoin mining company has jumped into mining Kaspa (KAS) tokens, securing around $16 million worth since September. Source: Marathon Digital X PostThese measures are aimed at diversifying revenue sources and taking advantage of the higher margins achievable with Kaspa mining rigs, which in some cases offer profitability of up to 95%.Diversification Strategy and Revenue ImpactAccording to Adam Swick, Marathon’s chief growth officer, Caspar mining allows the company to generate revenue separately from Bitcoin. Marathon is primarily focused on Bitcoin, but it has been profitable in the wake of the…
Author: Crypto Flexs
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Darius Baru Aug 2, 2024 09:34 The Hong Kong Monetary Authority (HKMA) has warned the public about fraudulent websites and internet banking login screens imitating Dasing Bank, urging them to be vigilant and cautious. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and internet banking login screens impersonating Dah Sing Bank, Limited. This warning is issued following a press release from Dah Sing Bank reporting these fraudulent activities to the HKMA. Details of fraudulent activity According to the HKMA, fraudulent websites and login screens are designed to trick…
A prominent cryptocurrency analyst says the next Bitcoin surge could create enough momentum for previously neglected investors to finally jump into BTC. The anonymous analyst The Crypto Dog told his 804,500 followers on social media platform X that the level at which BTC bulls will regain momentum is $65,000. “If you earn more than $65,000, you can start to experience serious FOMO (fear of missing out). “Strength in alternative products may be needed to achieve $70K+.” According to analysts, the current Bitcoin correction appears to be a “big shakeup” designed to force traders to sell their coins before a major…
Jack Anderson Aug 4, 2024 06:19 Learn how to choose the right blockchain for your Web3 game development. Learn about game-centric platforms, security, scalability, and ecosystem support. The booming Web3 gaming industry is attracting more and more game studios, with over 380 games already signed on to Immutable (IMX) according to immutable.com. As the industry evolves, choosing the right blockchain platform is critical to success. Gaming Focus: Prioritizing a Game-Specific Platform The Web3 games market is expected to reach $65.7 billion by 2027, which represents a significant shift in the industry. To remain competitive,…
Telegram-based project Toncoin (TON) has been losing market dominance despite outperforming Bitcoin (BTC) for most of the year. Before the recent rebound, TON had been struggling for two weeks, with its price dropping 15%. Trading at $6.79 at the time of writing, this analysis proves that the token may not be out of the woods yet. Here’s why: Whales dump Toncoin, raising market concerns The main reason for the potential decline of Toncoin is the behavior of whales. Whales are entities or individuals who hold large amounts of the circulating supply of a cryptocurrency. Their actions and inactions affect the…
Top Five Stories of the Week Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, which would direct the United States government to start a reserve fund for the scarce decentralized asset. More specifically, the bill would establish a “decentralized network of secure Bitcoin vaults” under the control of the United States Treasury. The bill also directs lawmakers and bureaucrats to enact strict cybersecurity parameters and other physical security measures to ensure that Bitcoin funds are not stolen. Additionally, the bill laid out a goal of accumulating…
Felix Pinkston Aug 2, 2024 09:57 Binance Futures has announced leverage and margin level updates for SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT USDⓈ-M perpetual contracts. According to Binance, Binance Futures will update leverage and margin tiers for several USDⓈ-M perpetual contracts, including SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT, starting from August 2, 2024, 06:30 (UTC). Update Details The changes to leverage and margin tiers are part of Binance’s ongoing efforts to provide users with a better trading experience. The updated tiers are designed to reflect current market conditions and allow traders to manage their positions more…
Despite the decline in daily active addresses, BNB’s daily trading volume has increased. BNB appears to be testing a key support level at the time of writing. BNB Chain (BNB) It has been known for its activity for years. The good news is that the blockchain has proven this once again, outperforming all its competitors in key aspects. Will this finally help push up the price of BNB? BNB’s recent performance Coin98 Analytics recently shared: Twitter We are revealing the main developments. According to the same, BNB has been the number 1 blockchain in terms of unique addresses over the…
Futu Securities International, a major Hong Kong online brokerage, began offering cryptocurrency trading services to retail customers on Thursday as the company looks to expand into the cryptocurrency sector.Futu said in a statement that it will allow Hong Kong investors to trade bitcoin and ether directly in Hong Kong dollars or U.S. dollars. “The market response has been relatively positive on the first day of the cryptocurrency trading service launch,” Steve Zeng, managing director of Futu Group, told The Block on Friday.The company claims to be the first online brokerage in Hong Kong to offer commission-free cryptocurrency trading. It also…
USA, August 2, 2024 / AlexaBlockchain/ – As of July 26, MPAA tokens are available for trading on two of the world’s leading cryptocurrency exchanges, Uniswap and MEXC. This strategic move increases the accessibility and visibility of the MPAA platform and services on a global scale. MPAA is a groundbreaking Web3 project that empowers individuals to voice their opinions and support local and global socio-political movements, revolutionizing public advocacy with the power of Web3!MPAA’s primary goal is to democratize Social-Fi. Social influencers are incredibly powerful today. We want to give them a platform to make an impact and help them…