The "Short ASTER Whale" position currently has a floating profit of $1.29 million, with a total floating profit of $7.86 million.

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…