Author: John Smith

U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed by Blockspace and sources familiar with the matter, the agency has expanded its detainment efforts to include MicroBT and Canaan units. The latest seizures escalate CBP’s previous actions against Antminer S21 and T21 units, which were reportedly detained due to AI chips from trade-restricted supplier Sophgo. Now, the agency is also seizing Bitmain units for the first time since last…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As crypto faces declines, WallitIQ turns green, with predictions of a massive surge, attracting early investors. The crypto market is experiencing a turbulent phase, with major assets facing steep declines. Unlike the Dogecoin price, XRP and Shiba Inu (SHIB), which are struggling to recover, the WallitIQ (WLTQ) token has flipped green and is set for a 14,600% surge, making it the ultimate opportunity for early investors. WallitIQ: The hidden gem set to make millionaires The WallitIQ token is breaking…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance sees rising investor interest as ETH is swapped for RXS tokens, with a notable $183k transaction. Rexas Finance (RXS) has captured this market segment and the attention of retail and institutional investors. While the project is undergoing its final presale stage, Etherscan reveals a shift in investor attention: Crypto holders are now actively swapping their ETH assets for RXS tokens. A notable transaction depicts further investment confidence in the project: $54 ETH worth $183,870 was swapped for…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Bitcoin price struggling, this article looks into ChowWow, the new Solana meme coin that is set for massive rallies in presale Bitcoin continued its downtrend this week, dropping briefly below $95,000 before rebounding above $98k. In the past week, the price of BTC has traded between $101,732 and $94,713, with the Bitcoin market cap dropping from $2.0b to $1.94b.  Since Bitcoin’s price surged to an all-time high of $109,114 on January 20, the popular cryptocurrency has been in…

South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban that prohibited institutions from participating in the virtual assets trading market. Reports that South Korea was mulling a lift its institutional crypto trading ban emerged early this year. In phase one of the program, authorities will allow law enforcement agencies, non-profit organizations, school corporations and universities to sell crypto such as Bitcoin (BTC) and Ethereum (ETH). This will be for…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Bitcoin and Ethereum face further declines. Discover strategies to protect and profit from a falling market. Bitcoin and Ethereum are facing steeper declines ahead. Major signals point to continued drops in their values. Despite the downturn, there are ways to keep a portfolio in profit. Uncover how to navigate the falling market and find opportunities amid the chaos. XYZVerse: The underdog fighter set to dominate the crypto arena In the fast-paced world of meme coins, only the…

Ethereum price has formed a death cross pattern, risking further downward momentum as whales continue selling.  Ethereum (ETH) dropped to $2,600 on Thursday, down by over 35% from its highest level in December last year.  This decline happened the network continued to see weak demand among investors. Spot Ethereum exchange-traded funds had net outflows of $40.95 million on Wednesday, bringing the cumulative inflows to $3.1 billion. There are signs that some Ethereum whales have continued to dump their tokens. According to Lookonchain, one big whale deposited 20,000 tokens worth $52.8 million to Kraken. The same whale sold 20,000 tokens in…

While Bitcoin L2s recently witnessed outflows, a new protocol called Hemi amassed more deposits on its private mainnet network. Hemi, a Bitcoin (BTC) layer-2 protocol founded by early blockchain developer Jeff Garzik, has achieved over $260 million in total value locked ahead of its mainnet launch.  BTC L2s function as sidechains connected to Bitcoin’s blockchain. Protocols like Hemi, Core, Bitlayer, and Stacks seek to unlock decentralized finance for BTC through staking and yield generation. Data from the project’s native explorer showed an uptick in deposits, comprising some 2,686 in liquid BTC derivatives and about 3,207 dominated in Ether (ETH) staking…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Market dips open doors for investors, with Lightchain AI, Solana, and Avalanche poised for strong rebounds and future gains. Market dips create prime opportunities for savvy investors to accumulate high-potential altcoins at discounted prices. Among the leading options right now is Lightchain AI, a rapidly growing project changing  AI-powered blockchain technology. Lightchain AI has already raised over $15.3 million at a presale price of $0.006, showcasing strong investor demand even in a volatile market. Other strong contenders include Solana…

Crypto exchange CEX.IO has expanded its services in the United Kingdom by enabling spot trading for UK-based customers. The CEX.IO team announced the expansion of its suite of crypto products available to customers via a press release shared with crypto.news. The introduction of spot trading means UK users now have access to the same products available to CEX.IO customers in the European Union. Customers can trade over 100 cryptocurrencies, including Bitcoin (BTC) and top altcoins. Also now available for trading are leading meme coins such as Official Trump, Dogecoin and PEPE. “By providing UK customers with access to our Spot…