2,700 Crypto Rigs Seized: Russia Launches Biggest Mining Raid Of The Year
2,700 Crypto Rigs Seized: Russia Launches Biggest Mining Raid Of The Year
According to reports, Russian police have seized around 2,700 crypto mining equipment from a site in St. Petersburg after a months-long probe into unusually low meter readings. Related Reading: BlackRock Bitcoin Fund Hits âAbsurdâ Growth, Eyes $100B AUM The haul included banks of machines, fans and other cooling gear, and the authorities say they also [âŠ]
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Bitcoin Pioneer Nick Szabo Urges Users to âRun Knotsâ and Skip Core v30
Nick Szabo, the computer scientist, cryptographer, and legal scholar famed for introducing the concept of âsmart contracts,â is jumping into the Knots vs. Core debate. Szabo cautions that this change effectively invites more non-financialâand potentially shadyâdata to be etched onto the blockchain for everyone to see. Szaboâs Warning Ignites Debate Over Bitcoin Core v30 Nick [âŠ]
Bitcoin at Your Corner Store? Squareâs New Tool to Make Bitcoin like âEveryday Moneyâ
Bitcoin Magazine Bitcoin at Your Corner Store? Squareâs New Tool to Make Bitcoin like âEveryday Moneyâ Square announced Square Bitcoin today, designed to let small businesses accept Bitcoin payments, hold it in a built-in wallet, or automatically convert part of their sales into Bitcoin. This post Bitcoin at Your Corner Store? Squareâs New Tool to Make Bitcoin like âEveryday Moneyâ first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
DDC Enterprise Raises $124 Million to Accelerate Bitcoin Treasury
Bitcoin Magazine DDC Enterprise Raises $124 Million to Accelerate Bitcoin Treasury DDC Enterprises has doubled down on its corporate Bitcoin strategy as new investors join the push toward 10,000 BTC. This post DDC Enterprise Raises $124 Million to Accelerate Bitcoin Treasury first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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$600 Million Worth Of XRP Tokens Are On The Move, Where Are They Headed?
The XRP communityâs attention has been drawn to a $600 million transfer, which has sparked speculation about its potential impact on the altcoinâs price. The transfer notably originated from a Ripple wallet address, further fueling speculations that the crypto firm is dumping on retail investors. $600 Million in XRP Tokens Moved by Ripple Spark Speculation Whale Alert data shows that Ripple moved 200 million XRP ($610 million) from one of its wallets, sparking speculation that the crypto firm was looking to offload these coins. Moreover, the transfer comes as XRP struggles to hold above the psychological $3 level, suggesting that the altcoin may be facing significant selling pressure. Related Reading: Analyst Says XRP Price Target Of $27 Still Holds â âThe Ride Has Just Begunâ However, further on-chain data shows that Ripple simply moved these XRP tokens to another of its wallet addresses, suggesting that this was a routine operation rather than a move to offload these coins. An X user, XRP Liquidity, also clarified that the transfer was made from the âRipple 1â address to âRipple 50â, which the account stated is âqueuing for ODL, ETPs, Trust, and other Investments.â Another X user, Marc, also noted that the Ripple 50 wallet primarily interacts with the Binance 11 wallet and holds tokenized treasuries, including Ondo Financeâs tokenized treasury fund (OUSG). The crypto firm mainly utilizes its XRP holdings to support its On-Demand Liquidity (ODL) service, facilitating cross-border transfers through its payment services. However, this latest transfer comes at a time when there is so much bearish sentiment among XRP community members. Popular community members, such as Crypto Bitlord, have consistently criticized Ripple and recently advised XRP holders to sell their tokens following Rippleâs CTO, David Schwartzâs, announcement that he was resigning. Amid XRPâs struggles, the altcoin has now dropped in the crypto rankings by market cap, losing the number 3 spot to BNB. A âPromising Buy Signalâ For XRP On-chain analytics platform Santiment has described the current FUD in the XRP community as a promising buy signal for the altcoin. The platform stated that the altcoin is seeing its highest level of retail FUD since the Trump tariffs were announced 6 months ago. According to Santiment, there have been more bearish comments than bullish for two out of the past three days. The platform claimed that this development is generally a promising buy signal, as markets move in the opposite direction of small trader expectations. As such, XRP could witness a significant price surge amid these bearish sentiments. The XRP ETFs could serve as one of the catalysts for this potential price surge, although a SEC decision is on hold until the U.S. government shutdown ends. Related Reading: XRP Short Squeeze: Analyst Reveals Available Trading Supply Could Fall To Bitcoinâs 21 Million At the time of writing, the XRP price is trading $2.84, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com