The SEC’s appeal to extend the ongoing court battle with Ripple Labs was rejected, causing the price of XRP (XRP) to surge over 7%. This legal win builds new momentum for XRP, which has been beaten down since mid-July’s huge jump. Given the positivity surrounding XRP’s latest legal win, Bitcoin Minetrix (BTCMTX) is gaining buzz as a project that could benefit from the surge. BTCMTX is a decentralized cloud mining platform that aims to make Bitcoin (BTC) mining accessible to retail investors. It is available to investors via a 10-stage presale, priced at just $0.011 per token. The minimum investment in this presale is $10, which makes it accessible to a wide range of investors. Over $430,000 has already been raised in the presale ahead of Bitcoin Minetrix’s public launch, with the project having undergone a highly successful presale phase.Using its Stake-to-Mine mechanism, users can purchase and stake BTCMTX tokens on Ethereum-compatible wallets, like MetaMask. In exchange, users will receive non-transferable mining credits that can be used to generate cloud mining power. Ultimately, this process allows users to earn BTC rewards for mining while avoiding the need for massive upfront investment in specialized mining hardware. Additionally, the project has been audited by blockchain security firm Coinsult, adding transparency that’s often lacking with traditional cloud mining firms.Members of the crypto influencer community have also taken note, including YouTuber Michael Wrubel, who has an audience of over 310,000 subscribers. Wrubel recently released a video breakdown of Bitcoin Minetrix, stating that he’s “bullish” on its future. With a strong buzz from influencers like Wrubel and low barriers to entry, Bitcoin Minetrix could benefit from the positivity surrounding XRP’s latest legal win.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 9 |
| People | Analisa Torres, Stuary Alderoty, Michael Wrubel |
| Companies | SEC, MetaMask, PrimeXBT, Coinsult, Binance, Bitcoin Minetrix, Ripple Labs |
| Currencies | BUSD, US Dollar, Ethereum, XRP, Bitcoin, Minto, primexbt |
| Securities | None |
