79. Manitoba Hydro anticipates big demand from crypto miners
The province shuts down any new requests for crypto connections
Crypto Corner
Shiba Inu secures a $12 million investment in a token sale aimed at constructing a privacy-focused blockchain. The upcoming network, based on Shibarium's layer-2 infrastructure, promises heightened privacy features for its users.
Nadeem Anjarwalla's wife denies reports of his extradition to Nigeria, refuting claims made by Nigerian media outlets citing government sources.
Thailand's SEC announces plans to block access to "unauthorized" crypto platforms, following similar moves by countries like India and the Philippines.
Two SEC lawyers have reportedly resigned in the wake of the Debt Box sanctions controversy, which saw a Utah district court judge order the SEC to cover Debt Box’s legal fees.
NFT Spotlight
NFT of the week: Remilio 8462
Crypto exchange OKX partners with Manchester City to launch football shirts mintable as digital collectibles.
The floor price of Runestone NFT crashes to 0.03 BTC following a meme coin airdrop.
NFT sales decline by over 25% amid a cooling market, with Bitcoin dominance on the rise.
Blur maintains its lead in the NFT marketplace, achieving $1.5 billion in volume in the first quarter.
Louis Vuitton's NFT Varsity Jacket blends high fashion with digital collectibles, showcasing the luxury brand's foray into the metaverse.
Melania Trump unveils personalized Mother's Day jewelry along with a Solana NFT.
Bitcoin Buzz
After the halving, Bitcoin gas fees dropped almost 10x, offering relief to users navigating the network's transaction costs.
Swiss Bitcoin advocates have launched a campaign urging the inclusion of BTC in the nation's National Bank reserves.
Despite recent market fluctuations, Geoff Kendrick, head of digital assets research at Standard Chartered, remains optimistic about Bitcoin, with his firm setting a year-end price target of $150,000.
The surge in Bitcoin transaction fees is linked to the craze surrounding meme coins like Runes, as users rush to capitalize on the latest trend, driving fees to $82 million on Saturday.
Bitcoin Miners’ Marvels
Benchmark initiates coverage of Bitcoin miner Hut 8 with a buy rating and a $12 price target, indicating promising post-merger prospects for the company.
Crypto miners in Canadian provinces are encountering hurdles as Manitoba extends a moratorium on new power connections, while British Columbia considers legislation that may restrict power provision to new miners.
PayPal has unveiled a groundbreaking strategy to green Bitcoin mining.
Bitcoin miners have seen a surge in transaction fees since the halving, attributed to speculative activity surrounding the minting of new meme tokens on the Runes protocol, according to a report by Bernstein.
Quote Of The Week:
"To love oneself is the beginning of a lifelong romance." — Oscar Wilde
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