CryptoNews

Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

September 2, 2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. The dollar loan carries a 14.5% interest rate…
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CryptoNews

Coinbase Reports Its First AI-to-AI Crypto Transaction

September 2, 2024
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI crypto transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources…
CryptoNews

Crypto Expert Says This Meme Coin Could be the Best Buy for the Next Bull Run

August 30, 2024
There’s a new meme coin making waves, and it’s caught the attention of industry experts. Crypto All-Stars (STARS) is trying to break the mold of typical meme tokens. Instead of just depending on a cute mascot, it’s aiming to bring something fresh to the table – a unique staking platform called the “MemeVault.” MemeVault – The Unified Hub for All Your Favorite Meme Coins So, what is…
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Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project

August 29, 2024
Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold…
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Ethereum Foundation Defends $96.9M Transfer Amidst Criticism

August 29, 2024
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about…
CryptoNews

US Bitcoin ETFs on the Verge of Controlling 1 Million BTC

August 23, 2024
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest…
CryptoNews

Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10 – Market Updates Bitcoin News

August 23, 2024
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once a Top Ten Titan, Cardano Is Now Struggling Below the Threshold ADA’s removal from the…
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