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Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid


A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. Reuters: Increased Crypto Mining Strains Laos’ Hydropower Grid...

Ethereum eyes recovery, trails surge in Bitcoin


Ethereum has breached the milestone of $3,000 and is now looking to test the next-best resistance of $3,050. However, an actual recovery depends on how Bitcoin makes a move on the price chart. ETH is essentially trailing BTC, with Bitcoin moving above $65,000 at the time of writing this article....

Dogecoin ($DOGE) is aiming for a 15% surge


Dogecoin ($DOGE) has its hopes tied to how Bitcoin (BTC) makes a move on the price chart. So far, BTC has maintained its $65,000 margin by trading at $66,157.65, up 6.39% in the last 24 hours. DOGE is aiming for a growth rate of 15%. It is imperative for BTC to hold on to its …

XRP poised for year-end surge: Can it reach $1 by 2025?


There are many factors at play here, but XRP by Ripple is optimistic about ending the current year, that is, 2024, on a higher note. For starters, Ripple versus the SEC is likely to have a final judgment in the next couple of months. If favorable, it will trigger an upswing in XRP’s value. However...

Gamestop Shares Surge 70% as Roaring Kitty Returns to Social Media


Gamestop shares climbed by 70% today, representing the most significant gain since 2021, triggered by a mysterious social media post from Roaring Kitty, the figurehead of the earlier meme stock and Wall Street Bets craze. This sharp rise in the stock’s value occurred alongside pronounced...

Linea’s LXP Mint delayed due to Sybil activity surge


The release of Linea Voyage XP (LXP) tokens of Consensys’ approach to increasing the capacity of the Ethereum Virtual Machine, Linea, has slowed down, stemming from an increase in Sybil activity. This is the act of people setting up several accounts to acquire benefits undeservingly. As a result...

Altcoin season approaching: KangaMoon, TRON, and Polkadot poised for surge


While the pioneer cryptocurrency, Bitcoin, struggles to climb above $63,000, there are mixed signs of upside potential in the market, with lesser-known cryptos outperforming established coins. The best cryptos positioned for astronomical growth as the 2024 bull run takes shape include KangaMoon...

Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030


Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. "I do think it hits that number and goes beyond," he said. The post Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030 appeared first on Cryptonews

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