Bitcoin’s hashrate has been climbing steadily over the last three months and rose more than 40% after the network’s hashpower was below 90 exahash per second (EH/s) on July 5. The trend has led to a consecutive run of five bitcoin mining difficulty accruals with another increase expected during the next transition. Hashrate Steadily Increases, …
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Gold Spikes on US Debt Fears — Finance Portal Disowns End-of-Year Gold Price Prediction
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up …
Cryptowisser : China Crypto Ban Sheds Light on Over 15 Countries That Restrict or Ban Cryptocurrency
press release PRESS RELEASE. October 2021, leading Crypto service comparison site – Cryptowisser, take an in-depth look at the recent crypto ban in China as well as several other countries who legally restrict crypto currency in some way and why. As the Cryptowisser report states, there are over 15 countries where Crypto currency is restricted …
Coinbase reports 6,000 crypto account hacks after SMS flaw
Over 6,000 Coinbase users saw their drained last week as hackers exploited an authentication bug to bypass the company’s SMS security feature, tech publication Bleeping Computer reported. Coinbase said it would reimburse the stolen amounts to make up for damages and did not report further security breaches as of press time. The hackers exploited a …
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How do the recent U.S. treasury sanctions impact crypto accessibility?
On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors. The cryptocurrency exchange SUEX, a private company registered in the Czech Republic, has facilitated transactions involving illicit proceeds for at least eight ransomware variants. The Treasury Department pointed out that …
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South African University to Commence Blockchain and Digital Currency Education in November
A South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution, students that enroll and complete the $693 six-week course will be issued a legal certificate. Better Understanding of Blockchain As explained on UCT’s website, students that successfully complete …
Canadian Bitcoin Mine Operator Facing $7 Million Fine for Setting Up Power Plants Without Permission
Link Global, a bitcoin mine operator in Canada, is facing a fine of up to $7 million for installing power plants to run its miners without government permission. The company installed several power plants without following legal procedures and alleges that, if the penalty is enforced, it will constitute a fatal blow to its finances. …
Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar
The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its …
The History of DeFi Revised: Marnotaur NFT Collection Public Launch Date Set for October 4th
press release PRESS RELEASE. Right after the Marnotaur DeFi leverage platform announced the extremely quickly completed of its Marnotaur NFT collection presale, the team announced that the collection would go public. The date for the sale has been set for October 4th on the official website https://nft.marnotaur.com/ and there are expectations in the community that …
Cryptocurrencies Have ‘No Intrinsic Value’ Says South African Hedge Fund Guru
Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of a Ponzi scheme” and for that reason, he has not invested in them. A ‘Wonderful Technology’ In remarks made during an interview, Verster …
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Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils
Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats …
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Virgin Galactic Chairman Chamath Palihapitiya Says Bitcoin Has Replaced Gold
Virgin Galactic’s chairman and CEO of Social Capital, Chamath Palihapitiya, says bitcoin has effectively replaced gold. Having predicted that the price of the cryptocurrency would hit $200,000, the executive said bitcoin’s “market cap is just going to grow.” Palihapitiya: ‘I Can Pretty Confidently Say That Bitcoin Has Effectively Replaced Gold’ Virgin Galactic Chairman Chamath Palihapitiya …
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Coinbase Meeting With US Lawmakers to Discuss Crypto Regulatory Proposal
The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal. Coinbase Meeting Congress Members and …
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How statechains are revolutionary for Bitcoin privacy and scalability
In most cases, the differing substrates of a blockchain impose limits on what techniques are available to engineers building these novel systems. For example, the Lightning Network is made possible by leveraging the time and hash locking functionality of Bitcoin script. Blockchains with fewer restrictions on their runtime have access to layered protocols that depend …
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Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals
The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race to Develop Digital …
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