US Government To Destroy Collected Bitcoin Mining Data; Ripple Gains Momentum; InQubeta (QUBE) Nears $11M in Presale
The post US Government To Destroy Collected Bitcoin Mining Data; Ripple Gains Momentum; InQubeta (QUBE) Nears $11M in Presale appeared first on Coinpedia Fintech News
The crypto industry has been winning on all fronts, from the market’s explosive surge to the recent lawsuit victory against the US government. A lawsuit by the Texas Blockchain Council has forced the US government to stop data collection on Bitcoin miners, as well as forcing them to delete all data gathered thus far.
Meanwhile, in the crypto market, fueled by excitement around GoDaddy’s integration with ENS for domain name linking and Bitcoin hitting $68,000, Ripple (XRP) has finally gained traction. This came after a period of under-par performance, sending ripples of excitement within the community.
At the same time, InQubeta (QUBE), an emerging crypto, is also experiencing a massive show of interest. The presale recently raced past $10.9 million, with sights set on the $11 million fundraising milestone. Poised to skyrocket after its market debut, it is arguably the best new crypto to invest in.
InQubeta (QUBE): Preparing for an Explosive Market Debut
InQubeta’s (QUBE) bullish stride continues as it closes in on the $11 million fundraising goal. Leaving most of the new ICOs in its wake, it appears poised for massive adoption, which makes it a recommended presale.
Analysts’ confidence in its potential is through the roof. The presale is currently in stage eight, and a token costs only $0.0245. According to forecasts, it will experience a 70x jump after its launch—a must-have crypto.
While its staggering growth potential is one of its biggest appeals, there is more. Its fascinating convergence of AI and blockchain makes it a fundamentally strong altcoin with real-world applications. It intends to reshape the fundraising landscape of the burgeoning AI sector by building the first-ever crypto-based crowdfunding platform for AI tech startups.
US Government to Destroy Gathered Bitcoin Mining Data
Bitcoin (BTC), the flagship crypto, remains in the spotlight in 2024, as is expected. The industry’s poster boy is the newest kid on Wall Street following the SEC’s approval of spot Bitcoin ETFs. This ushered in a bullish wave, with the price hitting $68,000 in recent days.
There are even more success stories to share. In an exciting piece of news, a lawsuit by the Texas Blockchain Council forced the US government to stop its data collection on Bitcoin miners. Further, the data collected so far has been deleted.
The lawsuit began on January 24 when the Texas Blockchain Council and Riot Platforms, a mining company, approached a Texas federal court to block a survey handed out by the US administration. The focus of this survey was on the changing power demand for crypto mining.
However, according to the Texas Blockchain Council, the survey was invasive and would ruin the business of miners. They claimed the survey failed to give enough public notice before being issued, thus a permanent injunction prohibiting the EIA from requesting the data without following the law was requested, which is now successful.
Ripple (XRP): Trades in an Uptrend
In the crypto market, Ripple (XRP) has been trading in an uptrend, which might come as a shock to some. After all, it is still embroiled in an ongoing lawsuit against the US SEC regarding its regulatory status.
However, in an exciting twist, XRP finally gathered momentum and now trades in tandem with the rising crypto market. Aiming to surpass $1, Ripple is among the best cryptos to buy now.
With the year shaping up to be a bull market, XRP will likely not be exempted from the market’s surge. Given its significant growth potential, it is a bullish wave not to miss out on and one of the best cryptos to invest in.
Conclusion
Following the Texas Blockchain Council lawsuit victory, the US government has destroyed collected Bitcoin mining data. In the crypto market, XRP finally charts a bullish course, while InQubeta prepares to skyrocket after its launch. To hop on the QUBE bandwagon and position yourself for astounding gains, click the link below.
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