Press Release
Following Fall of FTX & Silvergate, The Crypto Market Needs Sensible Regulation
The FTX collapse guarantees that crypto regulation will be on the US legislative agenda for 2023 — at long last. In total, six bills were introduced in 2022, focusing on a mix of aspects connected to the crypto industry for investor protection or compliance.
As the SEC and the CFTC are jockeying for positions, the number of voices in the room is going to increase. Some don’t want any sort of regulation to exist, but others people in the industry and anti-crypto lawmakers think regulating crypto will legitimize its existence.
The time is right for crypto custody and all other types of platforms to be supervised with certain regulations. The US has the strongest financial market in the world, and that is due in large part to regulation. Regulation will make crypto markets stronger.
No regulatory regime administering traditional finance is created in one fell swoop. Along with the system, the regime also evolves to become better, inclusive, and stronger according to the needs. Disasters like FTX become a teaching lesson for the rulemakers to improve the regulatory system.
The digital asset industry is still in its infancy, but problems like FTX are familiar. There have been previous such events at QuadrigaCX and at Mt. Gox. To prevent these types of massive losses that also deteriorate the market trust, regulatory oversight must begin. Here are five modest, sensible steps that could be taken now that don’t even require much crypto knowledge.
- Stablecoin Reserves
As stablecoins are intended to be less volatile, they play an important role in the digital asset ecosystem. Moreover, they are more practical for everyday transactions. However, these stablecoins have not always been so stable.
These stablecoins are intended to be exchangeable for the underlying asset at a 1:1 ratio. However, stablecoin issuers are not required by law to maintain reserves that are equivalent to the available supply. There is a chance that holders will rush to redeem their coins when a stablecoin loses its peg, creating a situation that resembles a bank run.
That’s exactly what happened with TerraUSD in May of 2022. Recently, the US SEC has found another strong point of concern against the platform, making the former stronger. It relied on trading based on a mint and burn algorithm linked to the supply of LUNA, a cryptocurrency issued by Terra. Ironically, Sam Bankman-Fried is now under investigation for manipulating the market for TerraUSD, whose collapse touched off the industry crisis that ultimately exposed his other misdeeds at FTX.
Yet, none of that is necessary to know in order to determine whether a stablecoin is backed by a dollar. The quantity of circulating stablecoins is equal to the number of dollars in reserve. Stablecoin issuers should be required to keep 1:1 reserves at FDIC-insured banks.
The birth of FDIC insurance came after the bank failures during the early 1800s. Quarterly audits of reserves and real-time reporting on mint and burn activity should be mandatory. We also need to implement safety and soundness controls with a diversity of banks proportional to reserve size.
- Separate Trading And Custody
Customers’ requirement to maintain their money with the exchange under the current market structure is fundamentally wrong. It is not necessary to be an expert in cryptography to understand why that is a bad idea. Imagine that the Nasdaq asked the SEC to serve as its own custodian, is it possible?
The issue with counterparty risk persists even after being entirely honest. Many of these crypto custody platforms and exchanges also engage in different kinds of lending. They engage in market-making and arbitrage. As they continue to trade and hedge on other exchanges, identifying the counterparty risk on the exchange is impossible. The reason being it’s the sum of the exchange’s risk plus the risk of whatever other markets they’re participating in that plays an important role in risk assessment.
If there’s anything one should learn from the FTX collapse, it’s that assets should be stored until required for trading by external, qualified, regulated, and insured custodians. This creates a check-and-balance for verifying reserve assets under any exchange’s control.
The public may have learned sooner that FTX was in a crisis in a fractional reserve position if trading and custody had been kept separate. After the bankruptcy, it would have been simpler to stop asset theft and hacking.
- Require Digital Asset Exchanges To Be 100% Digital
Discontinuing direct trading of digital assets with fiat or off-chain assets will make all exchanges on-chain auditable. As a result, it will enable Proof-of-Reserves that actually work. At present, Proof of Reserves does bring some level of transparency, but they are not a foolproof solution for separating who’s solvent and who’s not, for two reasons.
- No one can practice it for reserves on fiat because they cannot be represented in a digital way.
- It’s not possible to give proof of non-liabilities, which is really the thing that matters most. FTX combined fiat, and digital reserve components and their liabilities far outstripped their reserves.
With pure digital exchanges representing fiat digitally as a regulated stablecoin, Proof of Reserves for everything can become a reality. The last thing to be solved is the liabilities component.
A reasonably solid and effective system with compliance can be built by fixing settlement and clearing to be entirely digital. Exchanges are currently attempting to establish a business in a hybrid world because they have no other option. So, as a transition, it is preferable to package fiat and securities in digital form. The ability to work in a digital environment will be significantly improved after the archaic wrappers have been removed.
- Regulate Digital Asset Exchanges’ Use Of Omnibus Wallets
In an omnibus wallet, the funds of multiple clients are stored under a single address. The benefit is that it makes key management easier for the custodian and also makes it easier to enable efficient off-chain transactions.
However, one of the main limitations is that individual customers no longer have visibility into the transactions. Neither do they have any information on the counterparty risk. It’s also unclear what happens to each customer’s funds in the event of bankruptcy.
Omnibus wallets are only acceptable when the qualified crypto custody platform is aware of each of the exchange’s clients in the omnibus pool and assets are segregated in such a way as to provide bankruptcy protection to each client. The custodian must also participate in AML/KYC compliance of exchange clients.
- Define Securities For The Digital Era
The SEC is still using an ancient definition of securities which was developed in the 1940s. The result is it leads to underpinning their enforcement efforts. Builders in crypto have honest questions about how the rule applies to them, and they deserve answers.
Can the SEC not update their definition and upgrade the meaning of securities while taking into account the crypto era? How hard would it be for the SEC to provide an updated definition, detailed guidance, and sensible grandfathering policies? Having that clarity would go a long way toward providing protection to innovators and investors alike.
They should listen more to Commissioner @HesterPeirce, who has an open opinion that the agency should not be leading with enforcement. Enforcement is clearly in their purview, but there’s an opportunity to make the enforcement load a lot lighter by providing appropriate guidance, to begin with.
What occurred at FTX was a common form of financial fraud that has been practiced for ages. The sole connection between cryptocurrency and blockchain technology is that a lack of regulation created a level playing field for dishonest players.
Conclusion
At present, the crypto community understands SEC’s Custody Rule. These rules are meant to safeguard the crypto industry. As per this rule, the crypto custody and other types of platforms are required to separate custody from trading. This move is hailed as a positive aspect of the crypto industry.
The crypto industry is in dire need of regulatory administration aimed at preventing catastrophic investor losses. Designers and builders are more than capable of architecting a better system to meet the requirements of regulators. Once people can’t be rug pulled or defrauded, the next discussion will be about more nuanced issues and building something more comprehensive.
It will take a collective effort to get through this phase. FTX isn’t the first exchange to run into trouble; it’s just the biggest. It is easy to compartmentalize it as one guy who was a charlatan and go back to business as usual. However, doing so will be like setting the industry up for the next failure. To come out stronger and better, it is essential to use this opportunity to take a few simple steps in the direction to lead the industry into a new direction in order to thrive.
The transformation that Bitcoin went through, from a niche digital currency to a globally recognized asset, has revolutionized how we think about money, investment, and technology. By advancing decentralized finance, Bitcoin directly challenged the existing financial institutions. With the surge in interest came a growing need for innovative approaches to access this ecosystem. That’s why Bitcoin mining, once an obscure activity reserved for early tech adopters, has quickly grown into a sophisticated, multi-tiered industry. Today, it’s even more than that. Cryptocurrencies live by their own laws and regulations; there are trends to follow, and elements to understand before getting involved. Yet, despite Bitcoin’s evolution, it continues to face challenges that require new, user-friendly solutions.
The Traditional Path: From CPUs to ASICs
In the early days of Bitcoin, enthusiasts mined using their personal computers’ central processing units (CPUs). The power was more than enough, and the lack of interest in a new, untested technology didn’t allow for Bitcoin to make waves. Still, as competition grew, users upgraded to more powerful graphics processing units (GPUs), which offered better efficiency. The popularity of Bitcoin also surged, and that’s when Bitcoin mining slowly stopped being just a hobby. Eventually, application-specific integrated circuits (ASICs) became the standard for serious miners, offering unparalleled speed and energy efficiency. But ASICs are expensive, consume large amounts of electricity, and demand constant maintenance. Large facilities led by companies spearheaded the change and Bitcoin mass adoption.
This evolution effectively shut out the average user from participating in mining. Today, running an independent mining operation requires significant capital, technical knowledge, and physical space. There are seemingly too many barriers that deter mainstream adoption.
Mining as a Service: Cloud and Mobile Solutions
To bridge this gap, cloud mining platforms were created. These services allow users to rent hash power from remote data centers without dealing with hardware directly. While more accessible, cloud mining platforms often lack transparency, and many have been accused of being Ponzi schemes. Some users never see a return on their investment, and that’s just part of the issue. Companies often offer a locked contract that doesn’t allow a user any control over their mining operation.
Meanwhile, mobile mining apps claim to offer Bitcoin mining on phones, using device CPUs or offering simulation-based experiences. These apps are typically inefficient, power-draining, and often function more as marketing tools than real mining mechanisms. Nonetheless, they illustrate the public demand for convenient and passive income apps tied to Bitcoin.
Digital Bitcoin Mining: The Most Modern Approach
Digital mining is an evolution of both cloud and mobile mining. It enables users to own digital miners. A digital miner is a virtual asset that represents actual hash power in professional mining facilities. Unlike cloud mining contracts, digital miners are ownable. As such, they can be upgraded, sold, or transferred, offering more control and transparency.
Digital mining removes the need for hardware ownership, offering users real mining rewards without the hassle of dealing with the issues related to traditional mining. It represents a step forward in making legit Bitcoin mining accessible to anyone, anywhere.
GoMining: A Digital Mining Ecosystem
A leader in this new wave is GoMining, a crypto mining website that offers a fully digital experience. Through its app and web platform, users can purchase and manage digital miners that are directly linked to physical mining operations.
GoMining combines ease-of-use with real mining infrastructure. It’s a Bitcoin mining website designed for both beginners and seasoned crypto users. The core of its ecosystem may be built around accessible Bitcoin mining, but there’s so much more to the platform.
What sets GoMining apart is its holistic approach:
- Two Mining Modes: Aside from solo mining, which allows users to acquire daily BTC rewards according to the power of their farm, there is another mode. Miner Wars is a clan-based mining game, in which players join clans and compete against each other for rewards.
- Launchpad: A Bitcoin-centric launchpad allows Bitcoin projects to present their tokes for pre-sale.
- GOMINING Token: Used to pay maintenance fees at a discount, access token presales, and participate in the ecosystem through voting. The tokens can also be invested in a liquidity pool.
- Secure Wallet: Integrated features that allow users to hold and store their Bitcoin rewards and GOMINING tokens.
- Passive Income Potential: Rewards are distributed daily, and users can optimize earnings through strategic upgrades and in-game participation.
- LBH (Level-Based Hashrate): A tiered system that rewards long-term engagement and miner power accumulation.
The GoMining platform is available as a Bitcoin miner app, suitable for mobile devices and providing Bitcoin mining on phone without draining local resources. This makes it a strong contender among crypto mining sites aiming for mass adoption of Bitcoin.
Why Digital Mining Matters
Digital mining lowers the barriers to entry in the Bitcoin mining world. It provides an accessible gateway into an otherwise complex industry. For those asking whether mining is still profitable, the answer is nuanced. It can bring considerable rewards, but only when done through efficient, transparent, and legitimate platforms.
GoMining’s transparency, use-case versatility, and gamified features make it one of the most promising players in the space. It transforms passive income apps into real revenue channels tied to blockchain infrastructure.
As Bitcoin continues its journey toward global acceptance, platforms like GoMining will play a crucial role in democratizing access to mining. They are not merely tools, they’re part of the broader movement toward decentralized financial empowerment.
Final Thoughts
The landscape of Bitcoin mining is shifting. From hardware-heavy operations to app-based solutions, the evolution has opened doors for millions of new participants. Digital mining, exemplified by GoMining, is the most advanced iteration yet. It offers the security of real hash power with the ease of mobile access.
In navigating the challenges of Bitcoin mining, GoMining and similar passive income apps offer clarity, control, and opportunity. They bring us one step closer to true Bitcoin mass adoption, where earning BTC is not limited to those with tech labs and industrial budgets, but is available to anyone with a phone and a plan.
News
ZA Miner Launches Cloud Mining Platform with Profit Potential of Up to $100,000 to Make America Great Again
ZA Miner, a revolutionary cloud mining platform, has officially launched, providing users worldwide with a seamless and efficient way to mine cryptocurrencies. The platform has already captured significant attention for its intuitive design, stringent security measures, and the potential for users to earn up to $100,000 effortlessly.
ZA Miner is designed to democratize cryptocurrency mining, making it accessible to everyone without the need for costly hardware or specialized knowledge. Users can get started by simply registering an account, selecting a mining package, and leveraging the platform’s fully automated mining solutions to generate rewards.
The platform’s cutting-edge infrastructure and optimized computing power allocation are key to its success. ZA Miner utilizes top-tier global data centers to ensure smooth and efficient mining operations, while intelligent algorithms maximize profitability. Security is a cornerstone of the platform, with advanced encryption technologies safeguarding user assets and personal data, creating a secure and reliable environment.
Understanding Cloud Mining
Cloud mining is a remote cryptocurrency mining method that allows users to rent mining power from professional providers. This approach eliminates the need for personal hardware investment and maintenance, enabling users to earn cryptocurrency rewards with minimal effort.
Getting Started with ZA Miner:
1. Register: Sign up today to receive a $100 bonus ($2 for daily check-ins).
2. Choose a Contract: After registration, select a mining contract that aligns with your financial goals and budget. ZA Miner offers a variety of contracts designed to cater to both beginners and experienced miners.
| Contract Price | Contract duration | Fixed Income | Daily Rate |
| $100 | 1day | $100+$2 | 2% |
| $200 | 2days | $200+$14 | 3.5% |
| $500 | 3days | $500+$27 | 1.8% |
| 1200 | 5days | $1200+$111 | 1.85% |
| $2500 | 10days | 2500+$475 | 1.9% |
| $5000 | 14days | $5000+$1365 | 1.95% |
| $10000 | 16days | $10000+$3200 | 2% |
3. Start Earning: Once your contract is activated, ZA Miner’s advanced technology takes over, ensuring efficient mining operations and maximizing your potential earnings.
A spokesperson for ZA Miner commented, “Our mission is to make cryptocurrency mining accessible to everyone, from newcomers to experienced investors. At ZA Miner, users can find tailored solutions to achieve financial freedom while supporting the advancement of blockchain technology.”
Currently, ZA Miner offers a diverse range of mining packages for popular cryptocurrencies such as Bitcoin and Ethereum. Users can select investment plans that meet their needs, and the platform frequently introduces promotions and reward programs to boost profitability.
As blockchain technology and the cryptocurrency market continue to grow, cloud mining is emerging as a popular investment option. ZA Miner’s launch has brought new energy to the market, offering users a dependable and efficient investment channel.
Looking to the future, ZA Miner plans to expand its offerings, enhance its services, and establish itself as a global leader in cloud mining. If you’re interested in cryptocurrency mining, visit the ZA Miner website to learn more and embark on your journey toward digital wealth.
ZA Miner’s FCA Certification
In the fast-paced world of financial technology, platform security and compliance are paramount. ZA Miner’s certification by the UK Financial Conduct Authority (FCA) highlights its commitment to user safety and regulatory compliance.
The FCA certification is one of the most respected financial regulatory standards worldwide. Achieving this milestone demonstrates ZA Miner’s dedication to international financial regulations, ensuring the security of user funds and data privacy. This certification not only validates the platform’s legitimacy but also underscores its industry-leading transparency and compliance.
For investors, selecting an FCA-certified platform is a crucial step in minimizing risks. ZA Miner’s achievement reflects its technical expertise, professionalism, and steadfast focus on user rights.
Moving forward, ZA Miner aims to leverage its compliance advantages and innovative technologies to make further progress in financial technology, providing users with safer and more convenient services globally.
About ZA Miner
ZA Miner is an innovative technology company specializing in cloud mining services, committed to delivering efficient, secure, and accessible digital currency mining solutions worldwide. Supported by a leading technical team and robust data center infrastructure, ZA Miner has earned the trust of users through its exceptional services.
Strengthening America’s Position in the Global Economy
Cryptocurrency is rapidly becoming a cornerstone of the global economy, and nations that embrace this shift will likely reap significant benefits. By supporting platforms like ZA Miner, America can strengthen its position as a hub for blockchain innovation and digital finance. This proactive approach ensures that the country remains competitive in an increasingly interconnected world.
Moreover, as more Americans engage with cryptocurrency through cloud mining, the nation’s collective understanding of blockchain technology deepens. This widespread adoption has the potential to drive advancements in other sectors, from supply chain management to secure voting systems.
Conclusion
ZA Miner’s cloud mining platform exemplifies how technology can empower individuals and contribute to broader economic growth. By making cryptocurrency mining accessible to everyday Americans, it fosters financial inclusion, drives innovation, and strengthens the country’s position on the global stage.
In many ways, initiatives like these embody the spirit of progress and opportunity that has long defined America. Through technological advancements and equitable access to resources, platforms like ZA Miner are not just transforming industries—they’re helping to make America great again.
– Company Name: ZA FUNDINGS LTD
– Website: https://www.zaminer.com
– Email: info@zaminer.com
Press Release
Free cloud mining starts here: Recommended top 3 cloud mining platforms in the United States to earn Bitcoin
Exploring the world of cryptocurrency can feel like stepping into the unknown, especially when it comes to cloud mining. The promise of earning passive income through cloud mining is undeniably tempting, but it’s essential to be cautious and select a reliable platform. To make an informed decision, you’ll need to evaluate more than just potential returns. You must also consider factors such as legality, security, and long-term sustainability.
Here, we highlight the top 3 cloud mining platforms that are not only legal but also highly trustworthy in 2025. In this comprehensive guide, we compare the performance and reliability of Snxcrypto, ECOS, and Binance.
Platform Comparison:
| Platform | Key Features | Difficulty of Use | Overall Rating |
| Snxcrypto | Real-time mining statistics, excellent price-to-performance ratio, user-friendly interface, free Bitcoin plan | Very Easy | ★★★★★ |
| ECOS | Cloud mining and trading features, built-in wallet, intuitive interface (though slightly cluttered) | Easy | ★★★★☆ |
| Binance | Multiple mining contracts, wide range of features and active community for trading, earning, and reinvesting cryptocurrencies | Moderate | ★★★★★ |
Introduction to Top 3 USA Cloud Mining Providers:
Snxcrypto
Snxcrypto is one of the best-known cloud mining platforms in the US and UK. It stands out for its strong security features, eco-friendly mining practices, and user-friendly design. New users even receive a $100 bonus upon registration. Whether you’re new to mining or an experienced user, Snxcrypto offers a smooth experience with mining rewards delivered daily.
Key advantages include its detailed, real-time mining statistics, a powerful price-to-performance ratio, and a no-cost Bitcoin mining plan. While it doesn’t offer physical hardware ownership, it ensures efficient mining with the latest technology. However, it has limited cryptocurrency options compared to larger platforms.
ECOS
ECOS is another trusted cloud mining provider, offering diverse contracts to suit different investment levels. The platform also supports a mobile app for performance tracking, allowing miners to stay updated on their cloud mining activities.
ECOS offers a good combination of energy-efficient operations, detailed analytics, and excellent customer service. However, its misleading profit calculator and limitation to Bitcoin mining may not appeal to those looking for more diverse investment opportunities.
Binance
Binance, a major player in the cryptocurrency exchange world, extends its services to cloud mining through Binance Pool. The platform allows users to mine popular cryptocurrencies like Bitcoin and Ethereum while taking advantage of a range of other crypto services such as trading and reinvesting.
Binance stands out for its beginner-friendly interface and free mining plans, although users will have limited control over mining operations. Additionally, while it offers a range of contracts, it’s more suited for traders looking for integration with their broader cryptocurrency activities.
Why Is Snxcrypto the Best Cloud Mining Platform Right Now?
Snxcrypto has earned a solid reputation as one of the leading cloud mining platforms. The platform’s success is due to its commitment to transparency, cutting-edge technology, and a user-first approach. Here’s why Snxcrypto stands out in 2025:
Transparency and Trustworthiness
One of Snxcrypto’s core values is transparency. Unlike many competitors, the platform provides users with detailed real-time data about the mining process, including pool performance, equipment efficiency, and earnings. This level of transparency builds trust with users, giving them a clear understanding of how their investments are performing.
Competitive Pricing and Flexible Plans
Snxcrypto offers flexible pricing plans to cater to various budgets. Whether you’re a beginner with modest investment goals or a large investor seeking higher returns, Snxcrypto’s diverse options allow for tailored strategies. This flexibility makes cloud mining accessible to a broader audience, ensuring that everyone can participate regardless of their investment level.
Cutting-edge Technology and Efficiency
Snxcrypto stays ahead of the curve by using the latest mining technology, maximizing efficiency while minimizing operational costs. This competitive edge helps boost returns for users and ensures that mining operations remain cost-effective and high-performing.
Top-notch Customer Support and Community Engagement
Snxcrypto’s customer service is responsive and knowledgeable, providing users with timely assistance whenever needed. The platform also fosters a strong sense of community, allowing miners to exchange insights and collaborate, which enhances the overall user experience.
Conclusion
Selecting the right cloud mining platform is crucial for anyone serious about cryptocurrency mining. While the idea of earning passive income through cloud mining is tempting, it’s vital to do so with caution. Informed decision-making is key to ensuring that your investments are secure, sustainable, and rewarding.
Whether you’re an experienced miner or a newcomer, Snxcrypto offers one of the safest, most reliable cloud mining platforms in the market. By prioritizing transparency, efficiency, and customer satisfaction, Snxcrypto has earned its spot as the top cloud mining choice in 2025.
Want to get started with Snxcrypto? Visit Snxcrypto’s official website for more information.
Company Information：
Company name: SNXCRYPTO LIMITED
Company Website：https://snxcrypto.com
Company Video：https://youtu.be/ICSteeVYao4
Company mail: info@snxcrypto.com
Navigating the Challenges of Bitcoin Mining
ZA Miner Launches Cloud Mining Platform with Profit Potential of Up to $100,000 to Make America Great Again
Free cloud mining starts here: Recommended top 3 cloud mining platforms in the United States to earn Bitcoin
Free Cloud Mining with SnxCrypto: A Revolutionary Way to Make Money with Cryptocurrency Without Investment
Cequire Capital Announces $500K Investment and Strategic Partnership with BBA Chain to Drive Web3 Innovation
GoMining Expands Bitcoin Mining Opportunities with NFT-Backed Digital Miners
Cardalonia Aiming To Become The Biggest Metaverse Project On Cardano
P2P2C BREAKTHROUGH CREATES A CONNECTION BETWEEN ETM TOKEN AND THE SUPER PROFITABLE MARKET
WOM Protocol partners with CoinPayments, the world’s largest cryptocurrency payments processor
ETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
Project Quantum – Decentralised AAA Gaming
WOM Protocol Recommended by Premier Crypto Analyst as only full featured project for August
-
Crypto3 years agoCardalonia Aiming To Become The Biggest Metaverse Project On Cardano
-
Press Release4 years agoP2P2C BREAKTHROUGH CREATES A CONNECTION BETWEEN ETM TOKEN AND THE SUPER PROFITABLE MARKET
-
Blockchain5 years agoWOM Protocol partners with CoinPayments, the world’s largest cryptocurrency payments processor
-
Press Release4 years agoETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
-
Press Release4 years agoProject Quantum – Decentralised AAA Gaming
-
Blockchain5 years agoWOM Protocol Recommended by Premier Crypto Analyst as only full featured project for August
-
Press Release4 years agoETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
-
Blockchain5 years ago1.5 Times More Bitcoin is purchased by Grayscale Than Daily Mined Coins