🦎🚀 Marathon sets its sights on Kaspa! ⛏️

By rahmat hidayat

Thursday, June 27, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Have a terrific Thursday, Geckos!     Things are looking better today, but are you having a blast?    In today's news:   Beyond Bitcoin 💰 Put your shooting skills to the test! 🔫   Read on! 24h Hot Searches Worldwide 🔥 Turbo          (-11.4%) Blast             (+0.9%) MAGA Hat    (-8.1%) LayerZero    (-2.6%) ZKsync          (-5.3%) Kaspa           (+9.0%) Toncoin       (+2.4%) CoinGecko Survey: What's Your Post-Halving Opinion?    We're running a short survey to find out what everyone really thinks about the current state of the crypto market and industry.   Are you bullish or bearish, now that two months have passed since the Bitcoin Halving? How about your BTC, ETH & SOL predictions? Will NFTs come back this cycle? And is CT still the best place to be?   Survey length: 5-10 mins only. Read more Beyond Bitcoin 💰   The bitcoin mining firm Marathon Digital is now expanding its mining efforts to the Layer-1 blockchain Kaspa to diversify its mining revenue.   The firm announced its involvement in mining Kaspa earlier today, stating that it first started mining the cryptocurrency in September 2023.   According to the announcement, Marathon has purchased 60 petahashes worth of hardware, capable of generating profit margins of up to 95%, where half of the machines are currently operational.   Once all of their machines are up and running, the firm predicts that their mining operations will represent 16% of Kaspa's overall hash rate.   Over the past 10 months, Marathon has mined approximately 93M KAS, which is valued at around $15M.   Since the announcement, the price of KAS has risen by 4.6% from $0.168 to $0.176 today.   Editor's Note: Marathon's foray into Kaspa mining represents an interesting development in how industrial miners are looking to expand their horizons beyond just mining Bitcoin. This news should be encouraging for other PoW-based blockchains should other mining companies choose to follow in Marathon's footsteps if they haven't already done so.   You've probably heard that bitcoin mining is about "solving complex math problems", but this is not quite true. Learn what it actually is in today's video! Watch now Put your shooting skills to the test! 🔫   The Avalanche-based shooting game BloodLoop is marking its debut on the Epic Games Store with a play-to-airdrop campaign.   BloodLoop is a 5v5 team-based shooter with gameplay similar to popular titles such as Overwatch and the crypto-native Nyan Heroes.   Players can now participate in the first season of the airdrop campaign by collecting points through the completion of daily and weekly quests.   Users will then be ranked based on the amount of points collected, which will determine their airdrop allocation of BLS tokens at the end of the campaign.   However, the game's servers will only be live during specific hours every day until June 30th.     Learn about Monad, an EVM-compatible Layer 1 built for scalability that uses parallel execution to scale the EVM. Learn more In Other News...   Law Enforcement. Nigeria SEC gives crypto firms 30 days to register or face enforcement action.   Race to Zero. VanEck joins Franklin Templeton in stating its Ethereum ETF will have no fee when it begins trading.   Disappointing Airdrop. Sky-high expectations for the Blast airdrop left some DeFi users sorely underwhelmed despite the free crypto rewards.   Settling with Regulators. Crypto firm Abra entered a settlement requiring them to stop making, buying, selling, or trading crypto to U.S. Abra Trade customers and to return $82 million in virtual assets to customers.   Hit Webtoon 'Solo Leveling' Joins Avalanche. OtherWorld said the NFT platform will be used as a launchpad for future Web3 ventures involving webtoon IPs and K-pop. 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Let us know

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