The closure of the Bitcoin mining plant accounted for 20% increase in the electricity bill of locals, as the plant contributed to the income of the local network company Noranett.
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Category: Cryptocurrencies
Analyst Predicts Massive Bitcoin Rally in October – Will BTC Skyrocket?
Bitcoin is consolidating near key resistance at $60,583. A breakout above this level could trigger a bullish rally, pushing prices higher.
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XRP Price Set to Explode as Robinhood Relists Ripple – 10x Gains Incoming?
XRP’s price could surge as Robinhood relists Ripple, sparking speculation of potential 10x gains amid rising investor interest and market optimism.
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New Crypto Mining Hub? Russian Region to Build 15 New Data Centers
Russia’s crypto pivot is continuing apace, with the northeastern region of Komi Republic announcing plans to build 15 new crypto mining data centers.
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SEC’s Aggressive Crypto Stance Resulted in $15 Billion Loss, Claims John Deaton
John Deaton has accused the SEC of causing significant financial harm to small investors through its regulatory approach to cryptocurrencies.
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Experts Warn Slow Regulatory Moves May Stifle Crypto Growth in Hong Kong
As Hong Kong seeks to establish itself as a global cryptocurrency hub, experts are warning that the city’s cautious regulatory approach could hinder its growth in the rapidly evolving digital assets sector.
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FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?
FTX/Alameda has unstaked over $1 billion in Solana (SOL), raising concerns about potential market impact. Despite this, SOL remains resilient, trading near $137. However, the large-scale unstaking could increase selling pressure and affect future price movements.
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US Spot Bitcoin ETFs See $263M in Inflows, Largest Single-Day Increase Since July 22
On Friday, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a surge in inflows, with net purchases reaching $263 million.
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Sam Bankman-Fried Appeals Fraud Conviction, Prosecutors ‘Eager for Quick Headlines’
Sam Bankman-Fried (SBF), the founder of FTX, has filed a request for a new trial, claiming he was denied a fair hearing during his criminal conviction.
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Crypto-friendly Rep. Ritchie Torres Urges CFTC to Regulate Election Markets Following Setback
Crypto-friendly Rep. Ritchie Torres has urged the U.S. Commodity Futures Trading Commission (CFTC) to focus on regulating election markets following a recent court ruling that halted political prediction markets, following CFTC’s request for an emergency stay against Kalshi’s markets was upheld by a federal appeals court.
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