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Bitcoin mining company Hut 8 released a new update this Tuesday, October 10, unveiling details of its BTC production for the past month. However, with the details of BTC production, the company also decided to halt BTC sales in anticipation of the halving. The report said that Hut 8 managed to mine 111 BTC in September 2023 and claimed it did not sell a single satoshi during this period. Hut 8 is Bullish on BTC Price in the Long Term Bitcoin halving — the event after every 210,000 blocks are created and cut the mining rewards in half — is commonly believed to be the main force behind every significant bull run. While halvings are generally bad for miners, since the amount of BTC gets halved, the surge in the coin’s following price usually makes up for the reward drop. Hut 8 said it is bullish on the coin’s long-term price and currently doesn’t need to sell any newly mined BTC to finance operations. Erin Dermer, Hut 8’s senior VP of communication...

TaskOn Integration with Manta Network, TaskOn is set to support Manta Pacific by integrating its features, thus improving user interaction and providing uninterrupted support.  This integration will allow users to engage in community drives on TaskOn and facilitate the transfer and reception of tokens across various chains within the Manta ecosystem. It will also introduce numerous omnichain Features , like TaskOn’s NFT badge, which is tailored for projects in the Manta ecosystem. TaskOn will also provide authentication services for projects on the Manta platform. Further information on these thrilling advancements will be disclosed soon. As TaskOn Integration with Manta Network Users will have the opportunity to participate in campaigns initiated by any project within the Manta ecosystem. At the same time, projects can start their own engaging initiatives on the Manta Pacific network, leveraging the powerful Features of TaskOn. To kickstart initiatives using TaskOn, just follow these...

The Dash Core Group is pleased to announce that it has begun to roll out an exciting new addition to the official Dash Wallet mobile app on Android. As a result, users can now easily create an account with staking partner CrowdNode. Directly from within their Dash Wallet app in a couple of minutes. Furthermore, staying true to the decentralized values of both organizations, no personal information needs to be provided since all transactions happen to and from the same address and all aspects of the feature is visible on-chain. Furthermore, Dash is the leading decentralized payment solution accepted by 150,000+ merchants in the US via DashDirect. Globally, Dash accepts merchants, accessible at 6,000+ ATMs and 260+ exchanges worldwide. The cryptocurrency that pioneered the masternode concept, which are powerful servers backed by collateral held in Dash. Additionally, Dash is designed to provide advanced services and governance on the blockchain. It also provides stable, and time-p...

Join Our Telegram channel to stay up to date on breaking news coverage Despite the crypto market’s poor performance, the IoTeX is up 3.32%, extending its winning streak, and is now trading at around $0.0336 due to network development and increased user adoption. The leading developer of IoTeX, MachineFi Lab, received funding from a California venture capital firm due to the platform’s ability to provide consumers unprecedented access to their data. Messari Research claims that IoTeX is ready to expand its usage because it intends to onboard new and legacy internet-of-things devices without building them. However, the reason for its bullish resurgence is that no other blockchain IoT project is currently as comprehensive as IoTeX. On the negative side, the values of many cryptocurrencies, including the world’s largest cryptocurrency, Bitcoin (BTC), as well as Ethereum (ETH), XRP, Cardano (ADA), Solana, and meme token Dogecoin (DOGE), have all dropped significant...

Join Our Telegram channel to stay up to date on breaking news coverage Alchemy, a web3 developer platform, is planning to raise $12 million for a new venture capital fund. Alchemy is a heavy investor in the web3 sector through its VC division and a separate grants program. Alchemy to secure $12M for new VC fund In a filing with the US Securities and Exchange Commission (SEC) on September 9, Alchemy revealed its plans to secure this funding. The Alchemy SPV III fund has not commenced plans for raising the capital. In the SEC filing, Alchemy did not reveal the goal behind this fund. However, it has been revealed that the co-founder and CTO of Alchemy, Joseph Lau, will be the executive officer for the fund. Alchemy has been actively involved in investments related to the Web3 world. In December last year, the web3 developer company unveiled a VC division where capital would be invested in large crypto and web3 focused companies such as Dapper Labs and OpenSea. Buy Crypto Now...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto traders who believe in the true essence of financial freedom tend to gravitate towards best decentralized exchanges for many reasons. Two among them are: DEX allows users to swap their cryptos easily. Decentralized Exchanges don’t ask for user IDs or KYC documents. There is also a third reason that has become more apparent in the crypto market. That is, many people lost their money during the bearish phase. While most exchanges have bounced back, the crowd’s faith in them is still low. If you’re among that crowd, here is the list of the 3 best decentralized exchanges to trade crypto in 2022. 3 Best Decentralized Exchanges of 2022 The interface of most decentralized exchanges I the same. Therefore, when selecting, the more important factors you must consider are security and ease of use. Here is the collection of three decentralized exchanges that meet the bill. OKX DEX OKX is ...

During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors. The following is an in-depth look at the cryptocurrency exchange FTX, the trading platform that managed to rise to the top and slide to the bottom in less than three years. FTX’s Slide From a $32 Billion Valuation to Needing an Emergency Lifeline At 4:00 p.m. (ET) on Nov. 9, 2022, the world’s largest crypto asset exchange by trade volume announced it would be backing out of purchasing FTX. This was after Binance’s CEO Changpeng Zhao (CZ) told the public Binance would acquire FTX and help the rival exchange with a liquidity crunch. FTX was a top cryptocurrency exchange and the Bahamas-based firm was co-founded in 2019 by Sam Bankman-Fried and Gary Wang. During the last tw...

Join Our Telegram channel to stay up to date on breaking news coverage Republican Senator Bill Hagerty said a lack of regulatory clarity is forcing crypto companies out of the US. “It is a terrible environment,” Hagerty said at a Cato Institute event onSept. 7, adding that crypto companies are shifting to overseas locations with more favourable regulatory frameworks. Hagerty decried the Securities and Exchange Commission chair Gary Gensler’s regulation-by-enforcement strategy, admonished him for allegedly approaching crypto exchange Binance to serve as an advisor, and slammed central bank digital currencies, which he said would make the US more like China in enabling it to police the movement of funds. The call for regulatory clarity comes as the US securities regulator continues to take enforcement action against the crypto industry. Hagerty is one of the leading voices on crypto in the US Senate. In March, he wrote a letter to the Federal Reserve Chair Jero...

Join Our Telegram channel to stay up to date on breaking news coverage Ternio BlockCard, a “crypto fintech platform” that allows users to convert their cryptocurrency over for “real-world utility,” is now the number one cryptocurrency debit card for consumers as rated by CryptoCurrencyCard.org, according to a press release. The rating website has also covered all sorts of other products in the prepaid and credit card scene. Out of over twenty different cards, BlockCard, got a 10 out of 10 regarding customer support and fees, though it scored a 9 in terms of available crypto and ease of use, and an 8 regarding availability. Speaking on the matter is CEO and Co-Founder of Ternio, Daniel Gouldman, who had said: “We just rolled out 6.38% crypto back rewards so that’s a huge deal. We’re rolling out a mobile app for iOS and Android, decentralized wallets, checking accounts – domestic and international, the ability to buy Bitcoin with a debit...

Join Our Telegram channel to stay up to date on breaking news coverage OKX, the world’s sixth-biggest cryptocurrency exchange, plans to expand into India and explore Web 3 applications in the country, Coin Desk reported. The company plans to scale up its wallet services in the country “exponentially” and will tap into India’s developer community, chief marketing officer Haider Rafique told Coin Desk in an interview. “We are not going to come in and cowboy this thing,” he said. “We’re going to learn about the community. We’re going to work with local folks. Figure out where we can add value.” OKX has about 200,000 wallet users in India now, which is about 5% of the nation’s Web3 users, he said. Follow me! You will be surprised 😊🥳 https://t.co/VPZVGsSwkJ — OKX India (@OKXIndia) August 31, 2023     He said that the firm is trying to find developers and assess their contributio...

Source: AdobeStock / Production Perig   Solana (SOL)’s new crypto-native phone that will be developed by the little-known smartphone maker Osom is far from the first ‘blockchain phone&rsquo ; to be announced since crypto and blockchain technology took a giant step into the mainstream around 2017. But what exactly happened to all those other phones, and did the producers deliver on their promises? To find out, we dug up reports of blockchain phones dating back to 2018 and looked at the status of these projects today. Sirin Labs’ Finney phone Finney phone. Source: Sirin Labs Among the first companies to announce a purpose-made blockchain phone was Switzerland-based Sirin Labs with its Finney phone, named after the late cryptographer and Bitcoin (BTC) pioneer Hal Finney. The company itself received its funding through the fourth largest initial coin offering (ICO) of 2017, having raised USD 157.8m from the sale of its SRN token. And although th...