Data: 2.26 million GHOST were purchased by 3 wallets in the past hour.

The post Crypto Mining News: UAE Telecom du Launches “Cloud Miner” Service for Crypto Mining Subscribers appeared on BitcoinEthereumNews.com. UAE telecom provider du launched “Cloud Miner.” It offers residents subscription-based crypto mining via existing data centers. In a significant, du, a major UAE telecom formally launched its new Cloud Miner service. This offering is a Cloud Mining as a Service (MaaS) initiative. Specifically, it enables the residents of UAE to mine crypto easily. Users are allowed to rent computational power on a subscription basis on the fly. Furthermore, it uses du’s extensive data centers around the country. Cloud Miner Aims to Pioneer Sustainable Crypto Innovation At first, the cloud mining offer is called “Cloud Miner.” Moreover, it is offered under du’s operating sub-brand, du Tech. Thus, the service makes use of du’s strong ICT infrastructure and data center capabilities. As a result, the main objective becomes being a pioneer of sustainable crypto innovation at the local level. Indeed, the service is only available for the UAE residents exclusively. Related Reading: Crypto News Today: Canaan Strikes Japan Deal in First State-Backed Bitcoin Mining Move | Live Bitcoin News Also, this service is in line with du’s fundamental commitments. Specifically, these commitments include transparency and security for all users. Furthermore, strict compliance with regulations is a big focus. Therefore, du’s goal is to supply a reliable entry point. This secure access opens the world of cryptocurrency mining efficiently. Subsequently, Cloud Miner makes the entry process a lot easier. It provides a platform to the clients immediately in the form of a cloud. This greatly simplifies traditional mining processes as a result. Clients benefit from all the advantages of mining, including possible Bitcoin rewards. Moreover, they can easily be a part of the blockchain ecosystem. On the other hand, users get rid of the typical burdens completely. These burdens involve hardware management and maintenance issues. They also save themselves from the high…

The post Digital Euro on Track for 2029, Pending Legal Framework: ECB ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp The European Central Bank is expected to roll out the digital euro in the next four years, pending regulatory approvals. Authorities have hinted at renewed efforts to advance the technology in line with other jurisdictions now in pilot phases. Critics remain defiant, highlighting potential complications and risks associated with traditional finance.  Digital Euro Prep Enters New Phase According to the ECB, the next phase to achieve the digital euro is now underway and needs the right regulatory framework. The bank recently concluded the initial preparation phase, which kicked off in 2023, and has set new dates to achieve future milestones. If legislation is in place by 2026, a pilot phase could commence in 2027. However, the first issuance is scheduled to begin in 2029, with the central bank digital currency (CBDC) being deployed to consumers. The bank began working on the digital currency in 2020 to rival the growth of private cryptocurrency assets and provide users with more payment options. A key milestone attained so far is the selection of the digital euro service platform.  “The sourcing process covered both externally procured and internally sourced components. Externally, the European Central Bank (ECB) launched tenders for five components of the DESP; core settlement and issuance components were sourced within the Eurosystem. Five external providers were selected, and they all signed framework agreements,” the bank wrote.  Advertisement &nbsp Piero Cipollone, ECB Board member, reiterated the importance of the CBDC to everyday payments amid pushbacks from critics. Benefits include low-cost transactions, multiple options, and an opportunity to innovate within the ecosystem. In a recent announcement, the bank stated that it will complement cash and ensure that users have access to public and trusted means of payment.  On the other hand, pro-crypto commentators have criticized CBDC, describing the technology…

The post Cardano’s Hoskinson Predicts Bitcoin Price To Reach $1 Million, Fires Back At Peter Schiff ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Cardano founder Charles Hoskinson has forecasted Bitcoin (BTC) to trade at $1 million in defiance of Peter Schiff’s grim prediction for the cryptocurrency. The gold bug theorized that Bitcoin is a bubble that is “about to pop,” criticizing the premier cryptocurrency for failing to match the highs of precious metals and technology stocks. Bitcoin Will Clinch Seven Figures, Says Charles Hoskinson After gold bug Peter Schiff railed against Bitcoin for failing to mirror the price performance of precious metals and technology stocks, Charles Hoskinson is pitching his tent with the leading cryptocurrency. The Cardano founder noted in an X post that the Bitcoin price will reach $1 million in response to Schiff’s criticism. Schiff issued a grim prediction for Bitcoin, describing it as an asset in a late-stage bubble staring at an imminent correction. “Bitcoin’s failure to hit new highs with gold or tech stocks indicates the bubble is about to pop,” said Schiff. The Bitcoin critic hinged his argument on the asset’s latest decline to trade at 10% below its record high. Meanwhile, Schiff underscored Strategy’s MSTR down by 48% from its 2024 record high as proof of a frothy market for Bitcoin. Advertisement &nbsp In a swift rebuttal, Hoskinson noted that Schiff’s prediction is “wrong and utterly irrelevant,” citing his streak of inaccurate forecasts. He disclosed that Schiff has made similar calls about Bitcoin being a bubble since the asset traded at $100 all the way to $100,000. “He was wrong at 1000 dollar bitcoin. He was wrong at 10,000 dollar bitcoin. He is wrong at 100,000 dollar bitcoin,” wrote Hoskinson. “He will be wrong at million dollar bitcoin.” However, the outspoken Cardano founder did not disclose a timeline for Bitcoin to clinch the $1 million price point. Aware of Bitcoin’s superiority, Hoskinson…