Bitcoin Network Experiences Slight Dip in Difficulty After Record High
Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month.
Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue to Command Majority of Global Hashrate
Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month.
Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue to Command Majority of Global Hashrate
The SEC Case Against Crypto Exec Do Kwon Just Got a Lot Hairier
The Securities and Exchange Commission (SEC) has been targeting several digital currency companies and individuals over the past few weeks. In the past, the agency made a case against Do Kwon, the former CEO of Terraform Labs, and now, it looks like that case has gotten even bigger.
The SEC Continues Its Case Against Do KwonTerraform Labs was the company behind the failed LUNA token, an alleged algorithmic stable currency. The situation surrounding Luna got really hairy last summer when it crashed and burned, and its price fell to nothing overnight. Things like this aren’t supposed to happen with stable currencies, and from one day to the next, asset holders saw their wealth fall into a big, black void of emptiness. Billions were gone in mere minutes.
The SEC claims Kwon did not inform traders in the company of just how stable (or unstable) the token really was. For this, the agency has been after him for some time, and a warrant for his arrest was even issued a few months ago. Kwon, according to various news reports, has been on the lam ever since the arrest warrant was issued, though he recently claimed he’d been sitting in his living room coding, and that things have ultimately been blown out of proportion in the media. He also says that the attacks against him are “politically motivated.”
The Securities and Exchange Commission (SEC) has been targeting several digital currency companies and individuals over the past few weeks. In the past, the agency made a case against Do Kwon, the former CEO of Terraform Labs, and now, it looks like that case has gotten even bigger.
The SEC Continues Its Case Against Do KwonTerraform Labs was the company behind the failed LUNA token, an alleged algorithmic stable currency. The situation surrounding Luna got really hairy last summer when it crashed and burned, and its price fell to nothing overnight. Things like this aren’t supposed to happen with stable currencies, and from one day to the next, asset holders saw their wealth fall into a big, black void of emptiness. Billions were gone in mere minutes.
The SEC claims Kwon did not inform traders in the company of just how stable (or unstable) the token really was. For this, the agency has been after him for some time, and a warrant for his arrest was even issued a few months ago. Kwon, according to various news reports, has been on the lam ever since the arrest warrant was issued, though he recently claimed he’d been sitting in his living room coding, and that things have ultimately been blown out of proportion in the media. He also says that the attacks against him are “politically motivated.”
Helium Finally Migrates To The Solana Network, Mints Nearly 1 Million NFTs To Mark Milestone
Crypto wireless network Helium has concluded its long-anticipated exodus to Solana, creating a mutually beneficial partnership. As part of the move, 991,000 NFTs are being minted to represent each node running on the Helium network.Each NFT will also serve as an authentication tool for all nodes, making them decentralized network credentials.Solana (SOL) is having a good year, with its price skyrocketing over 131% this year and is set to improve on its technical and network infrastructure.
Helium has successfully migrated to the Solana ecosystem from its own layer 1 blockchain in a move that will create new prosperous paths for both networks. The Helium community hailed the move as a catalyst to unlocking cheaper non-fungible tokens (NFT) mints while Solana could unlock additional use cases on the blockchain.
Crypto wireless network Helium has concluded its long-anticipated exodus to Solana, creating a mutually beneficial partnership. As part of the move, 991,000 NFTs are being minted to represent each node running on the Helium network.Each NFT will also serve as an authentication tool for all nodes, making them decentralized network credentials.Solana (SOL) is having a good year, with its price skyrocketing over 131% this year and is set to improve on its technical and network infrastructure.
Helium has successfully migrated to the Solana ecosystem from its own layer 1 blockchain in a move that will create new prosperous paths for both networks. The Helium community hailed the move as a catalyst to unlocking cheaper non-fungible tokens (NFT) mints while Solana could unlock additional use cases on the blockchain.
9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by Iran
Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, Russia’s central bank governor and officials from Belarus and Afghanistan also attended the meeting.
‘De-Dollarization Is Not a Voluntary Choice by Countries’The two-day 51st annual Asian Clearing Union (ACU) meeting began on Tuesday in Tehran, with participation from officials representing members of the Asian Clearing Union (ACU) as well as several others. The meeting was hosted by the central bank of Iran and de-dollarization was a key topic discussed at the event, Tasnim news service reported.
The ACU currently has nine members: Bangladesh Bank, Royal Monetary Authority of Bhutan, Reserve Bank of India, Central Bank of Iran, Maldives Monetary Authority, Central Bank of Myanmar, Nepal Rastra Bank, State Bank of Pakistan, and Central Bank of Sri Lanka. Apart from the top officials of the ACU members, the governor of the Russian central bank is attending as an observer along with officials from Belarus and Afghanistan.
Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, Russia’s central bank governor and officials from Belarus and Afghanistan also attended the meeting.
‘De-Dollarization Is Not a Voluntary Choice by Countries’The two-day 51st annual Asian Clearing Union (ACU) meeting began on Tuesday in Tehran, with participation from officials representing members of the Asian Clearing Union (ACU) as well as several others. The meeting was hosted by the central bank of Iran and de-dollarization was a key topic discussed at the event, Tasnim news service reported.
The ACU currently has nine members: Bangladesh Bank, Royal Monetary Authority of Bhutan, Reserve Bank of India, Central Bank of Iran, Maldives Monetary Authority, Central Bank of Myanmar, Nepal Rastra Bank, State Bank of Pakistan, and Central Bank of Sri Lanka. Apart from the top officials of the ACU members, the governor of the Russian central bank is attending as an observer along with officials from Belarus and Afghanistan.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Disgraced Crypto Exec Do Kwon is Out on Bail
A Montenegro court has accepted a bail payment on behalf of Do Kwon, the disgraced crypto executive behind fallen digital currency firm Terraform Labs. The company established the crumbled algorithmic stable currency known as Terra USD.
Do Kwon is Out on BailAt the time of writing, Kwon – along with another detained South Korean man believed to have been involved in the project – is out of prison after presenting $435,000 to court officials to ensure he would not have to await his upcoming trial behind bars. He is now confined to a nearby apartment, and he and his associate are not allowed to leave the domicile until the trial has been concluded.
A Montenegro court has accepted a bail payment on behalf of Do Kwon, the disgraced crypto executive behind fallen digital currency firm Terraform Labs. The company established the crumbled algorithmic stable currency known as Terra USD.
Do Kwon is Out on BailAt the time of writing, Kwon – along with another detained South Korean man believed to have been involved in the project – is out of prison after presenting $435,000 to court officials to ensure he would not have to await his upcoming trial behind bars. He is now confined to a nearby apartment, and he and his associate are not allowed to leave the domicile until the trial has been concluded.
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The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 17 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 9 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Worldcoin Publishes Audit Reports Amid Scrutiny From French Privacy Regulator
Worldcoin, the ambitious crypto project recently launched by ChatGPT founder Sam Altman, has published security audit reports amid mounting concerns regarding its privacy and safety. The audit reports came just hours after France’s top privacy watchdog stated that it was investigating the blockchain protocol.
Auditors Find 29 Security Issues In WorldcoinAccording to a blog post by Worldcoin, two separate audit firms were tapped to carry out separate suits that lasted three months. During the audit, audit firms Nethermind and Least Authority focused on several key areas, including the correctness of the implementation, appropriate use of smart contract constructs, adversarial actions, exposure of critical information during user interaction, etc.
The audit firms also scanned the blockchain protocol for case-specific implementation errors, resistance to attacks like DDoS, vulnerabilities in the codebase, etc. From a privacy and security point of view, the audit also covered areas like secure key storage, proper management of encryption and signing keys, data privacy, information integrity, etc.
Worldcoin, the ambitious crypto project recently launched by ChatGPT founder Sam Altman, has published security audit reports amid mounting concerns regarding its privacy and safety. The audit reports came just hours after France’s top privacy watchdog stated that it was investigating the blockchain protocol.
Auditors Find 29 Security Issues In WorldcoinAccording to a blog post by Worldcoin, two separate audit firms were tapped to carry out separate suits that lasted three months. During the audit, audit firms Nethermind and Least Authority focused on several key areas, including the correctness of the implementation, appropriate use of smart contract constructs, adversarial actions, exposure of critical information during user interaction, etc.
The audit firms also scanned the blockchain protocol for case-specific implementation errors, resistance to attacks like DDoS, vulnerabilities in the codebase, etc. From a privacy and security point of view, the audit also covered areas like secure key storage, proper management of encryption and signing keys, data privacy, information integrity, etc.
Ripple Secures Spot in People Magazine’s List of 100 Companies ‘Putting Their Communities First’
San Francisco payments firm Ripple secured a spot on People Magazine’s official list of the top 100 companies that care about their communities.
People Magazine said the list was about companies that “go the extra mile to honor their customers, empower their employees – and make the world a better place.”
San Francisco payments firm Ripple secured a spot on People Magazine’s official list of the top 100 companies that care about their communities.
People Magazine said the list was about companies that “go the extra mile to honor their customers, empower their employees – and make the world a better place.”
Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the executive opined: “That was the stupidest investment I ever saw.”
Charlie Munger Continues to Slam CryptoBerkshire Hathaway Vice Chairman Charlie Munger expressed criticism toward cryptocurrencies once again during an appearance at Zoom’s Zoomtopia conference on Thursday.
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Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the executive opined: “That was the stupidest investment I ever saw.”
Charlie Munger Continues to Slam CryptoBerkshire Hathaway Vice Chairman Charlie Munger expressed criticism toward cryptocurrencies once again during an appearance at Zoom’s Zoomtopia conference on Thursday.
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BestChange Reinforces Its Credentials As Top Crypto Exchange Aggregator
October 9, 2023 – Dubai, United Arab Emirates
BestChange.com has revealed the progress it’s made in cementing its position as a leading gateway for cryptocurrency exchange.The platform aggregates multiple crypto exchangers, enabling traders to find the best possible price for swapping digital assets.
Every potential exchanger on BestChange.com undergoes a rigorous assessment to ensure their credibility.
October 9, 2023 – Dubai, United Arab Emirates
BestChange.com has revealed the progress it’s made in cementing its position as a leading gateway for cryptocurrency exchange.The platform aggregates multiple crypto exchangers, enabling traders to find the best possible price for swapping digital assets.
Every potential exchanger on BestChange.com undergoes a rigorous assessment to ensure their credibility.
South Africa Becomes the Sole African Nation to Adopt Crypto-Asset Reporting Framework
South Africa is the only African country to join the group of countries that have agreed to implement the Crypto-Asset Reporting Framework. According to the South African Revenue Collector, the reporting framework is expected to improve its “ability to ensure tax compliance and clamp down on tax evasion.”
Tax Transparency StandardSouth Africa has joined more than 40 other countries and jurisdictions in agreeing to implement the so-called Crypto-Asset Reporting Framework (CARF), a statement issued by the country’s tax collector has said. Developed by the Organisation for Economic Co-operation and Development (OECD), the CARF is a tax transparency standard whose agreement was reached in March 2023.
According to a joint statement unveiled by His Majesty’s (HM) Treasury on Nov. 10, the agreement provides a basis for the “automatic exchange of information between tax authorities on crypto exchanges.” The goal of such an exchange is to combat offshore tax avoidance and evasion. The agreement also commits the 40-plus countries and jurisdictions to the simultaneous implementation of amendments to the Common Reporting Standard (CRS).
South Africa is the only African country to join the group of countries that have agreed to implement the Crypto-Asset Reporting Framework. According to the South African Revenue Collector, the reporting framework is expected to improve its “ability to ensure tax compliance and clamp down on tax evasion.”
Tax Transparency StandardSouth Africa has joined more than 40 other countries and jurisdictions in agreeing to implement the so-called Crypto-Asset Reporting Framework (CARF), a statement issued by the country’s tax collector has said. Developed by the Organisation for Economic Co-operation and Development (OECD), the CARF is a tax transparency standard whose agreement was reached in March 2023.
According to a joint statement unveiled by His Majesty’s (HM) Treasury on Nov. 10, the agreement provides a basis for the “automatic exchange of information between tax authorities on crypto exchanges.” The goal of such an exchange is to combat offshore tax avoidance and evasion. The agreement also commits the 40-plus countries and jurisdictions to the simultaneous implementation of amendments to the Common Reporting Standard (CRS).
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Solana (SOL) Is Grossly Overpriced After Scorching Rally, According To This Uber Angel Investor
Prominent angel investor and internet entrepreneur Jason Calacanis has aroused discussion in the cryptoverse with his unfavorable take on Solana’s (SOL) sky-high valuation.
Calacanis told his 779.8k followers on X that Solana, which recently surpassed the $100 milestone and reached a $46 billion valuation, is overvalued.
Prominent angel investor and internet entrepreneur Jason Calacanis has aroused discussion in the cryptoverse with his unfavorable take on Solana’s (SOL) sky-high valuation.
Calacanis told his 779.8k followers on X that Solana, which recently surpassed the $100 milestone and reached a $46 billion valuation, is overvalued.
Ethereum Ready for 70%+ Surge, According to Crypto Trader Michaël van de Poppe – Here’s the Timeline
A widely followed cryptocurrency analyst and trader believes Ethereum (ETH) is on the verge of a massive breakout.
Michaël van de Poppe tells his 691,900 followers on the social media platform X that there are three main reasons why he believes ETH could soon soar by more than 70% from its current value.
A widely followed cryptocurrency analyst and trader believes Ethereum (ETH) is on the verge of a massive breakout.
Michaël van de Poppe tells his 691,900 followers on the social media platform X that there are three main reasons why he believes ETH could soon soar by more than 70% from its current value.
Bitcoin Explosion To $300,000 Looms, Tether Co-Founder Opines. Here’s Why This Bull Rally Could Be The ‘Biggest’ One Yet
After Bitcoin (BTC) recently hit a new all-time high above $70,000, analysts and investors are looking out for the next potential milestone for the maiden cryptocurrency.
Tether pioneer William Quigley suggests the ongoing bull run could outshine all previous ones, and there is room for BTC to surge to as high as $300,000.
Bitcoin On Track For $300,000?This current Bitcoin bull run stands out in several ways. For one, as Tether co-founder William Quigley explained in a recent interview with CNBC, the market is in “better shape” fundamentally than it was before the May halving in May 2020. He cited the shiny new spot Bitcoin exchange-traded funds (ETFs) and the high derivative volumes.
Bitcoin’s upswing in recent weeks has coincided with the accelerating inflows into the spot ETFs. Notably, these products have amassed more than $53 billion in assets under management as of March 7 since their debut in January.
After Bitcoin (BTC) recently hit a new all-time high above $70,000, analysts and investors are looking out for the next potential milestone for the maiden cryptocurrency.
Tether pioneer William Quigley suggests the ongoing bull run could outshine all previous ones, and there is room for BTC to surge to as high as $300,000.
Bitcoin On Track For $300,000?This current Bitcoin bull run stands out in several ways. For one, as Tether co-founder William Quigley explained in a recent interview with CNBC, the market is in “better shape” fundamentally than it was before the May halving in May 2020. He cited the shiny new spot Bitcoin exchange-traded funds (ETFs) and the high derivative volumes.
Bitcoin’s upswing in recent weeks has coincided with the accelerating inflows into the spot ETFs. Notably, these products have amassed more than $53 billion in assets under management as of March 7 since their debut in January.
Trader Says One DEX Altcoin Primed for a Breakout After Repeating Previously Seen Pattern Once Again
A popular crypto analyst thinks one decentralized exchange (DEX) altcoin is primed for a breakout.
The pseudonymous analyst Kaleo tells his 634,800 followers on the social media platform X that he’s “still a believer” in PancakeSwap (CAKE), the top DEX on the BNB chain.
A popular crypto analyst thinks one decentralized exchange (DEX) altcoin is primed for a breakout.
The pseudonymous analyst Kaleo tells his 634,800 followers on the social media platform X that he’s “still a believer” in PancakeSwap (CAKE), the top DEX on the BNB chain.
Can BlackRock’s Saudi Arabia Expansion Drive Bitcoin ETF Adoption in the Middle East?
BlackRock, the world’s largest asset manager, is making strategic moves in the Kingdom of Saudi Arabia to expand its foothold in the Middle East. Led by CEO Larry Fink, the firm has been actively engaging with Crown Prince Mohammed bin Salman and was the first major global investment manager to establish an office in Riyadh, as reported by Bloomberg.
BlackRock, the world’s largest asset manager, is making strategic moves in the Kingdom of Saudi Arabia to expand its foothold in the Middle East. Led by CEO Larry Fink, the firm has been actively engaging with Crown Prince Mohammed bin Salman and was the first major global investment manager to establish an office in Riyadh, as reported by Bloomberg.