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How to check eligibility and register for $ULTI snapshot? 1️⃣ Visit snapshot.ultiverser.com 2️⃣ Connect your wallet and complete the verification process 3️⃣ Repeat the process with your top 3 most active wallets ⟶ Registration is open for the next 48 hours

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China Bans Cryptocurrency Mining in Energy Overhaul #Write2Earn Beijing escalates crackdown on cryptocurrency mining, citing environmental concerns and excessive energy consumption.China Bans Cryptocurrency Mining in Energy Overhaul Beijing has escalated its crackdown on cryptocurrency mining due to concerns over excessive energy consumption and potential environmental damage. As part of a comprehensive strategy for "higher level and higher quality" energy conservation, aligning with China's broader goals of pollution reduction and carbon neutrality, the updated implementation plan targets "virtual currency 'mining' activities." China Targets Cryptocurrency Mining: Stricter Measures The Beijing Municipal Development and Reform Commission, in collaboration with 11 other departments, released the updated plan with a specific focus on strengthening monitoring and imposing stricter measures for the classification and rectification of such activities. The objective is to decisively eliminate these operations. This targeted approach marks a departure from China's previous blanket ban on cryptocurrency trading and mining in 2021. However, analysts caution that it may lead to the relocation of mining operations underground or offshore, posing challenges to complete eradication. Following the initial ban, numerous Bitcoin mining operations moved to the United States, underscoring the global nature of the industry. Simultaneously, the United States is addressing the environmental impact of cryptocurrency mining. The Energy Information Administration, operating under the White House Office of Management and Budget, is initiating a program to collect data on the energy consumption of commercial crypto miners. This initiative aims to comprehend the sector's impact on the national energy landscape and guide future regulations or policies. The heightened scrutiny on cryptocurrency mining underscores mounting concerns regarding its ecological impact.

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Solana Chapter 2 Phone Receives 60,000 Pre-Orders Solana's Chapter 2 phone is garnering widespread attention following the successful sales of its first edition, reaching 60,000 orders within just 3 weeks of pre-order availability.Solana Chapter 2 Phone Receives 60,000 Pre-Orders Anatoly Yakovenko, co-founder and CEO of Solana Labs, revealed to The Block that Solana Mobile Chapter 2, the successor to Solana Mobile Saga, has amassed 60,000 pre-orders in less than 3 weeks. Solana Mobile unveiled Chapter 2 on January 16, promoting the phone as featuring improved specifications and a lower price compared to the Saga. The pre-order price for Chapter 2 is currently $450, which is over half the price of the previous Saga model priced at $1000. Chapter 2 is expected to be shipped in 2025. Initially launched in June 2022, Solana Mobile Saga had a price tag of $1000, which was later reduced to $599 due to sluggish sales. By December 15, 2023, the phone officially sold out following developments surrounding the Solana ecosystem. The peak came when the memecoin Bonk announced a "super beneficial" airdrop for Saga buyers, propelling the smartphone into a hot item that sold out within just one week. Related: Saga Phone Owners Receive an Airdrop from Access Protocol Projects on Solana such as Mad Lads, Jupiter, Tensor, and Backpack quickly emulated Bonk's marketing strategy and announced airdrops for Chapter 2 buyers. With hopes of capitalizing on the success of the first edition, many individuals placed orders with the intention of making a profit rather than solely using the smartphone. Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Binance Exchange Delists Four Coins: ANT, MULTI, VAI, XMR By AZC News | 10 hours ago Binance has announced the delisting of four coins, namely Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR), from its trading platform on February 20, 2024, at 3:00 AM (UTC).Binance Exchange Delists Four Coins: ANT, MULTI, VAI, XMR Binance has announced the delisting of several trading pairs, including: ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT However, corresponding USDⓈ-M Futures trading pairs for XMR and ANT will continue to be available on the platform. Register an account on Binance to enjoy reduced trading fees. Important Notes All trading orders will be automatically canceled once the corresponding pairs are delisted. Corresponding Margin trading pairs will be removed at 6:00 AM UTC on February 16th, 2024. Deposits of these tokens will be suspended at 3:00 AM UTC on February 21st, 2024. Withdrawals of these tokens will be suspended at 3:00 AM UTC on May 20th, 2024. Tokens delisted from the exchange may be converted to stablecoins for users from 3:00 AM UTC on May 21st, 2024. The proceeds will be credited to users' Binance accounts. There will be separate notifications before tokens are delisted and converted to stablecoins. Binance Simple Earn will remove the mentioned tokens at 3:00 AM UTC on February 19th, 2024. Binance Loans will close all outstanding loan positions for the mentioned tokens at 3:00 AM UTC on February 18th, 2024. Users are advised to repay these loans before this time to avoid potential losses. Binance Gift Card will remove the mentioned tokens at 3:00 AM UTC on August 22nd, 2023. Users should utilize gift cards containing these tokens beforehand to avoid any inconvenience. Binance Pay will remove the mentioned tokens at 3:00 AM UTC on February 18th, 2024. Binance will terminate Trading Bots service for the mentioned Spot trading pairs at 3:00 AM UTC on February 20th, 2024, if applicable. Related: Binance Announces Listing of Ronin (RONIN) .

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Genesis Files for Bankruptcy with U.S. Bankruptcy Court | 14 minutes ago Genesis Global Capital proposes bankruptcy, aiming to liquidate $1.6 billion in trust assets, including substantial holdings in Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.Genesis Files for Bankruptcy with U.S. Bankruptcy Court Genesis suggests filing for bankruptcy Genesis Global Capital, a crypto lending firm, has submitted a new request to the U.S. Bankruptcy Court in the Southern District of New York, seeking approval to liquidate around $1.6 billion in trust assets. According to the filing, Genesis, a subsidiary of the Digital Currency Group, holds assets including approximately $1.4 billion in Grayscale Bitcoin Trust shares, about $165 million in Grayscale Ethereum Trust shares, and approximately $38 million in Grayscale Ethereum Classic Trust shares. Additionally, the company has filed a separate motion to expedite the relevant deadlines, aiming to have the sale motion considered at the upcoming bankruptcy court hearing on Thursday, February 8. Proposed Sale of GBTC The proposal to sell GBTC shares is connected to the initial collateral Genesis transferred to Gemini through the Gemini Earn program. Some of these shares originated from the bankruptcy of Three Arrows Capital. Genesis is also pursuing legal rights to 31,180,804 additional shares (valued at around $1.2 billion) pledged to Gemini but not yet transferred, with ownership currently disputed in court. Gemini, in response, referred to the filing as a significant advancement, especially following the approval of Grayscale Bitcoin Trust (GBTC) as an exchange-traded product (ETP) on January 10th. Related: Outflow of GBTC Funds Approaching Depletion Earlier this week, Genesis agreed to settle with the SEC by paying a $21 million fine from remaining funds after bankruptcy, resolving the agency's lawsuit related to the operation of the Gemini Earn program.

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