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Bitcoin Bitcoin (BTC) $104,117.83 ↑ 0.34%
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SPX6900 SPX6900 (SPX) $0.78 ↓ -4.65%
Flow Flow (FLOW) $0.46 ↑ 0.96%
Bitcoin Bitcoin (BTC) $104,117.83 ↑ 0.34%
Ethereum Ethereum (ETH) $2,616.83 ↑ 3.45%
XRP XRP (XRP) $2.61 ↑ 2.40%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
Solana Solana (SOL) $180.74 ↑ 3.53%
BNB BNB (BNB) $656.02 ↑ 0.28%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 3.15%
Cardano Cardano (ADA) $0.82 ↑ 2.42%
TRON TRON (TRX) $0.28 ↑ 3.62%
Sui Sui (SUI) $3.92 ↓ -1.92%
Chainlink Chainlink (LINK) $17.02 ↑ 1.48%
Avalanche Avalanche (AVAX) $25.74 ↑ 3.88%
Stellar Stellar (XLM) $0.31 ↑ 0.51%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.37%
Hedera Hedera (HBAR) $0.21 ↓ -0.64%
Pi Pi (PI) $1.21 ↑ 8.30%
Hyperliquid Hyperliquid (HYPE) $25.48 ↑ 0.58%
Toncoin Toncoin (TON) $3.33 ↑ 0.99%
UNUS SED LEO UNUS SED LEO (LEO) $8.81 ↑ 2.65%
Bitcoin Cash Bitcoin Cash (BCH) $407.33 ↑ 0.98%
Polkadot Polkadot (DOT) $5.08 ↑ 0.99%
Litecoin Litecoin (LTC) $102.47 ↓ -0.20%
Monero Monero (XMR) $341.33 ↑ 0.07%
Pepe Pepe (PEPE) $0.00 ↑ 0.07%
Bitget Token Bitget Token (BGB) $4.79 ↑ 0.46%
Dai Dai (DAI) $1.00 ↓ -0.01%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Uniswap Uniswap (UNI) $6.72 ↓ -1.84%
Bittensor Bittensor (TAO) $456.17 ↓ -0.52%
NEAR Protocol NEAR Protocol (NEAR) $3.12 ↓ -0.30%
Aptos Aptos (APT) $5.89 ↑ 1.15%
Aave Aave (AAVE) $230.94 ↑ 4.52%
OKB OKB (OKB) $54.90 ↑ 1.33%
Kaspa Kaspa (KAS) $0.12 ↓ 0.00%
Ondo Ondo (ONDO) $1.01 ↓ -2.06%
Internet Computer Internet Computer (ICP) $5.75 ↑ 1.26%
Ethereum Classic Ethereum Classic (ETC) $20.10 ↑ 1.45%
Render Render (RENDER) $5.28 ↑ 2.38%
Cronos Cronos (CRO) $0.10 ↑ 2.31%
GateToken GateToken (GT) $22.02 ↑ 0.74%
Mantle Mantle (MNT) $0.80 ↑ 1.15%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $13.46 ↑ 4.24%
VeChain VeChain (VET) $0.03 ↑ 2.54%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.26 ↑ 0.97%
Ethena Ethena (ENA) $0.42 ↑ 7.24%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.10%
Filecoin Filecoin (FIL) $3.14 ↑ 1.94%
Algorand Algorand (ALGO) $0.24 ↑ 1.84%
Arbitrum Arbitrum (ARB) $0.43 ↑ 1.22%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.85 ↑ 1.32%
Cosmos Cosmos (ATOM) $5.15 ↓ -0.21%
Celestia Celestia (TIA) $3.15 ↓ -1.17%
Worldcoin Worldcoin (WLD) $1.29 ↑ 1.50%
Bonk Bonk (BONK) $0.00 ↑ 3.28%
Sonic (prev. FTM) Sonic (prev. FTM) (S) $0.59 ↑ 2.12%
Jupiter Jupiter (JUP) $0.56 ↑ 0.67%
Maker Maker (MKR) $1,886.87 ↑ 6.55%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Stacks Stacks (STX) $0.98 ↑ 0.31%
Fartcoin Fartcoin (FARTCOIN) $1.43 ↑ 8.15%
KuCoin Token KuCoin Token (KCS) $11.42 ↑ 0.50%
Optimism Optimism (OP) $0.85 ↑ 3.87%
Injective Injective (INJ) $13.36 ↓ -0.64%
Story Story (IP) $4.78 ↑ 2.15%
Immutable Immutable (IMX) $0.73 ↑ 1.90%
EOS EOS (EOS) $0.84 ↓ -3.14%
Sei Sei (SEI) $0.26 ↓ -1.25%
Flare Flare (FLR) $0.02 ↑ 0.29%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.98 ↓ -5.27%
The Graph The Graph (GRT) $0.12 ↑ 3.19%
XDC Network XDC Network (XDC) $0.08 ↑ 2.43%
Quant Quant (QNT) $98.37 ↓ -0.39%
dogwifhat dogwifhat (WIF) $1.09 ↓ -7.73%
DeXe DeXe (DEXE) $12.71 ↓ -1.50%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.90%
Raydium Raydium (RAY) $3.64 ↑ 13.58%
Four Four (FORM) $2.77 ↑ 1.20%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 3.21%
Theta Network Theta Network (THETA) $1.01 ↑ 0.05%
Curve DAO Token Curve DAO Token (CRV) $0.75 ↑ 2.15%
Lido DAO Lido DAO (LDO) $1.10 ↑ 2.32%
Gala Gala (GALA) $0.02 ↑ 2.09%
Walrus Walrus (WAL) $0.72 ↑ 9.86%
IOTA IOTA (IOTA) $0.25 ↑ 0.82%
The Sandbox The Sandbox (SAND) $0.36 ↑ 1.30%
Pudgy Penguins Pudgy Penguins (PENGU) $0.01 ↑ 0.75%
Ethereum Name Service Ethereum Name Service (ENS) $23.98 ↑ 1.74%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
Nexo Nexo (NEXO) $1.29 ↓ -0.28%
Core Core (CORE) $0.83 ↓ -0.74%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 0.86%
Tether Gold Tether Gold (XAUt) $3,195.56 ↓ -1.54%
Bitcoin SV Bitcoin SV (BSV) $39.40 ↓ -0.61%
PancakeSwap PancakeSwap (CAKE) $2.43 ↑ 2.83%
Brett (Based) Brett (Based) (BRETT) $0.08 ↓ -2.95%
Kaia Kaia (KAIA) $0.13 ↓ -0.29%
PAX Gold PAX Gold (PAXG) $3,208.11 ↓ -1.52%
SPX6900 SPX6900 (SPX) $0.78 ↓ -4.65%
Flow Flow (FLOW) $0.46 ↑ 0.96%
Home Cryptocurrency

Mining Giant Adds Support For This Altcoin: Sale Tomorrow!

Emma Veress by Emma Veress
26 July 2023
in Cryptocurrency
Reading Time: 2 mins read
0
Mining-Giant-Adds-Support-For-This-Altcoin-Sale-Tomorrow!

China-based cryptocurrency mining equipment manufacturer Bitmain is now preparing to produce mining devices for a new altcoin .

Mining-Giant-Adds-Support-For-This-Altcoin-Sale-Tomorrow2

Table of Contents

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  • YOU MAY BE INTERESTED
  • How the SEC Chair Might Flip the Crypto Market Upside Down
  • Can Cardano Really 10x By 2026? Analysts Say Yes
      • Bitmain will provide these altcoin miners with new equipment
      • SEC considers Filecoin a security
      • How about the FIL price?

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Bitmain will provide these altcoin miners with new equipment

In recent news, the mining hardware manufacturer based in China has introduced support for Filecoin (FIL) . As per their official statement, they will be offering Filecoin mining devices at a price of $38,800 per unit . Starting from tomorrow , miners will have the option to place orders for these new devices . These devices will come with additional benefits specifically designed for staking services.

image 4

Bitmain, a prominent player in the Bitcoin mining equipment manufacturing industry , has taken a notable stride towards expanding its presence in the cryptocurrency sector by venturing into new altcoins .

The exclusive staking service offered by Bitmain will be available solely to investors who purchase their latest devices . In exchange for this service Bitmain will levy a monthly fee of only 0.5%.

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SEC considers Filecoin a security

Conversely, the Securities and Exchange Commission (SEC) recently classified Filecoin as a security in a letter addressed to Grayscale . Grayscale has submitted an application to register its Filecoin Trust product with the SEC . The response from the regulatory body asserted that FIL qualifies as a security under federal securities laws.

Grayscale issued a statement acknowledging receipt of the SEC staff’s letter confirming Filecoin’s categorization as a security . However , they expressed their disagreement, stating that they do not believe FIL falls within the scope of federal securities laws . Furthermore Grayscale declined the SEC’s request to withdraw its registration application.

image 5

Nonetheless, it should be noted that the opinions expressed by SEC personnel do not hold official policy status and are merely advisory in nature . The US regulatory body continues to maintain its stringent stance towards the crypto industry  previously classifying Ripple’s XRP token as a security and taking action against other cryptocurrency companies such as Coinbase and Kraken .

The cryptocurrency sector remains apprehensive about the lack of clarity and potential volatility of SEC regulations . However, SEC Chairman Gary Gensler asserts that the regulatory guidelines are clear-cut . Consequently the recent legal victory by Ripple on July 13 has provided an advantageous position for coins like Filecoin that have been under scrutiny by the SEC.

How about the FIL price?

This week, Filecoin finds itself in a familiar situation once more . Starting from mid-June, FIL has been following an ascending triangle pattern, consistently forming higher lows while maintaining the same highs . Presently, it is being traded around the $4.45 mark, experiencing a 3.5% increase for the day . On the other hand, Bitcoin reached a new peak on July 13 ; however, its current momentum appears to be waning as it retreats back to the $30k range at the time of writing.

Previous Post

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Marco Santori Net Worth: Pioneering the Future of Crypto Law and Expansion

Emma Veress

Emma Veress

Finance Writer Hello there! My name is Emma, and I'm a daily breaking news journalist covering finance, economics, and crypto on a global scale. I graduated from Eötvös Loránd University with a degree in Communication and Media Studies MA, where I gained a passion for storytelling and analysis. As a journalist, I'm dedicated to providing my readers with accurate and timely news on financial and economic events happening around the world. I believe that by delivering high-quality journalism, I can help people make informed decisions about their finances and investments.

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