Shit happens — Bitshit creators made sure of that. Launching the worst crypto ever: Bitshit 🚀💩
$BITSHIT aims to be the worst crypto with features like random fees from -41.69% to +42.0%, trading for just one hour twice a week, and a jackpot for every 6,900th transaction.
Still can’t believe something this bad exists?
Check their Telegram for memes, crypto chaos, and more!
🔗 Join now: Bitshit Telegram
$BITSHIT aims to be the worst crypto with features like random fees from -41.69% to +42.0%, trading for just one hour twice a week, and a jackpot for every 6,900th transaction.
Still can’t believe something this bad exists?
Check their Telegram for memes, crypto chaos, and more!
🔗 Join now: Bitshit Telegram
#Bitcoin Climbs Above $58,000, But Experts Say Bullish Sentiment Is Waning
Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report.
The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target.
Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report.
The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target.
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💎 Playing and claiming rewards from the P2E game Bears Rumble ICO
⚡️ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification.
Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players.
⭐️ The project has not been released yet, the presale is planned in 15 days, so now you can join us on our social networks to become early users and participate in our activities.
Subscribe to Telegram, Discord and keep an eye on our Official website.
⚡️ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification.
Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players.
⭐️ The project has not been released yet, the presale is planned in 15 days, so now you can join us on our social networks to become early users and participate in our activities.
Subscribe to Telegram, Discord and keep an eye on our Official website.
🚀 Waterfall Network’s Explosive Growth!
@waterfall_network launched with 2048 validators, and within the first month, we’ve seen a 338% surge in deployed validators–– thanks to the dedication of our developers, founding team, community, and ecosystem builders.
As of September 17th, we have 7603 validators. Check the statistics here: https://waterfall.network/individuals#statistics_block 🌱
To make node management seamless, we’ve partnered with top infrastructure providers like @Infstones, @Piconbello, and Stardust. Learn more about our partnerships here: https://waterfall.network/staking-infrastructure-providers. @waterfall_network has also successfully completed a security audit with @Hackenai – Blockchain Security Auditor! 🔐
A special thanks to the Google Cloud Web3 Startup Program for supporting our validator testing. We’re proud to be the first L1 decentralized and scalable ledger to pass testing with a record 1,573,892 validators, with servers spanning 5 continents, including islands like Japan and Taiwan. 🌍
*For context: Validators on Ethereum, Gnosis, Elrond, Cardano, and others are smaller in comparison.
And this is just the beginning! Dr. Sergii Grybniak, Head of Research, has been representing Waterfall Network at key events like Coinfest Asia 2024, Korean Blockchain Week, and the Web3 Technical Application Conference in Hangzhou, showcasing our exciting vision for the future. 🌍🔥
Don’t miss out– join the Waterfall revolution today: https://www.gate.io/uk/trade/WATER_USDT 🌊✨
@waterfall_network launched with 2048 validators, and within the first month, we’ve seen a 338% surge in deployed validators–– thanks to the dedication of our developers, founding team, community, and ecosystem builders.
As of September 17th, we have 7603 validators. Check the statistics here: https://waterfall.network/individuals#statistics_block 🌱
To make node management seamless, we’ve partnered with top infrastructure providers like @Infstones, @Piconbello, and Stardust. Learn more about our partnerships here: https://waterfall.network/staking-infrastructure-providers. @waterfall_network has also successfully completed a security audit with @Hackenai – Blockchain Security Auditor! 🔐
A special thanks to the Google Cloud Web3 Startup Program for supporting our validator testing. We’re proud to be the first L1 decentralized and scalable ledger to pass testing with a record 1,573,892 validators, with servers spanning 5 continents, including islands like Japan and Taiwan. 🌍
*For context: Validators on Ethereum, Gnosis, Elrond, Cardano, and others are smaller in comparison.
And this is just the beginning! Dr. Sergii Grybniak, Head of Research, has been representing Waterfall Network at key events like Coinfest Asia 2024, Korean Blockchain Week, and the Web3 Technical Application Conference in Hangzhou, showcasing our exciting vision for the future. 🌍🔥
Don’t miss out– join the Waterfall revolution today: https://www.gate.io/uk/trade/WATER_USDT 🌊✨
KPMG calls for stronger custodial practices to boost Bitcoin adoption
Global accounting firm KPMG believes that strong custodial practices are key to boosting Bitcoin (BTC) adoption among institutions and businesses.
According to its recent report titled “The Importance of Custodians in Bitcoin Adoption and Ownership,” custodians play a crucial role in safeguarding Bitcoin holdings and are vital for the industry’s growth.
Global accounting firm KPMG believes that strong custodial practices are key to boosting Bitcoin (BTC) adoption among institutions and businesses.
According to its recent report titled “The Importance of Custodians in Bitcoin Adoption and Ownership,” custodians play a crucial role in safeguarding Bitcoin holdings and are vital for the industry’s growth.
US Bitcoin ETFs Close In on Satoshi’s BTC Stash, Holding 924,768 BTC
Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion.
Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at their current pace, they could surpass Satoshi Nakamoto’s famous 1 million BTC in just over a month.
Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion.
Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at their current pace, they could surpass Satoshi Nakamoto’s famous 1 million BTC in just over a month.
Sui saw a 115% price surge in the past month following the integration of USDC into its blockchain
The increased user and network activity, especially in its memecoin ecosystem, played a significant role in this growth.
Memecoins like AAA cat and Suiba Inu posted strong gains, with SUI-based tokens outperforming the broader crypto market.
This increased activity, coupled with rising transaction volumes and total value locked (TVL), has strengthened the Sui blockchain ecosystem.
The increased user and network activity, especially in its memecoin ecosystem, played a significant role in this growth.
Memecoins like AAA cat and Suiba Inu posted strong gains, with SUI-based tokens outperforming the broader crypto market.
This increased activity, coupled with rising transaction volumes and total value locked (TVL), has strengthened the Sui blockchain ecosystem.
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James Howells, an IT engineer, is suing Newport City Council for $647 million after the council blocked his attempts to recover a hard drive containing 8,000 Bitcoin
The drive was mistakenly discarded in 2013. Despite offering the council 10% of the recovered value, the council has consistently denied his request due to environmental concerns at the landfill site.
The drive was mistakenly discarded in 2013. Despite offering the council 10% of the recovered value, the council has consistently denied his request due to environmental concerns at the landfill site.
📈Onchain stablecoin borrowing rates have hit a 70-day high of 7%
This increase in borrowing rates is driven by higher demand for stablecoins rather than a shortage of supply.
The combined utilization rate for USDC, USDT, and DAI on Ethereum has reached 87%, its highest level since June 2024. While cryptocurrency prices have remained flat recently, they experienced a 10%-20% surge following the Fed's rate cut in September.
This increase in borrowing rates is driven by higher demand for stablecoins rather than a shortage of supply.
The combined utilization rate for USDC, USDT, and DAI on Ethereum has reached 87%, its highest level since June 2024. While cryptocurrency prices have remained flat recently, they experienced a 10%-20% surge following the Fed's rate cut in September.
Vitalik Buterin’s ‘Surge’ plan aims for exponential Ethereum growth with 100,000 TPS
Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for this phase, aiming to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 solutions.
He also emphasized the importance of improving interoperability between layer-2 networks while preserving the decentralization and robustness of the blockchain’s mainnet.
Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for this phase, aiming to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 solutions.
He also emphasized the importance of improving interoperability between layer-2 networks while preserving the decentralization and robustness of the blockchain’s mainnet.
Animoca Brands to Release Ghost in the Shell Movie NFTs
Ghost in the Shell will get the NFT treatment, with the Hong Kong-based gaming firm Animoca Brands set to launch a series of tokens based on the landmark 1995 movie adaptation.
The move comes as Japan-linked firms take a fresh stab at bringing anime content into the world of crypto and blockchain. Per the Japanese media outlet CoinPost, the firm will launch the tokens on the Ethereum blockchain network.
Ghost in the Shell will get the NFT treatment, with the Hong Kong-based gaming firm Animoca Brands set to launch a series of tokens based on the landmark 1995 movie adaptation.
The move comes as Japan-linked firms take a fresh stab at bringing anime content into the world of crypto and blockchain. Per the Japanese media outlet CoinPost, the firm will launch the tokens on the Ethereum blockchain network.
DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle
The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, Jr., also known as “Repulse” and “Zayous,” guilty of conspiracy to commit wire fraud and money laundering through a cryptocurrency scheme involving non-fungible tokens (NFTs).
Nowlin, 21, and his codefendant, Devin Alan Rhoden, known as “Denny” and “Deviinz,” created NFT collections on the Solana blockchain titled “UndeadApes” and “Undead Lady Apes.” The DOJ noted that after an increase in resale prices:
The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, Jr., also known as “Repulse” and “Zayous,” guilty of conspiracy to commit wire fraud and money laundering through a cryptocurrency scheme involving non-fungible tokens (NFTs).
Nowlin, 21, and his codefendant, Devin Alan Rhoden, known as “Denny” and “Deviinz,” created NFT collections on the Solana blockchain titled “UndeadApes” and “Undead Lady Apes.” The DOJ noted that after an increase in resale prices:
US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal.
He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal.
He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.
Bitcoin could be one upgrade away from overtaking Ethereum DeFi
A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new functionality that could potentially see the Bitcoin network rival Ethereum in terms of decentralized finance (DeFi) activity.
The upgrade is called “OP_CAT” (short for operation code concatenate) and refers to a few simple lines of code originally introduced by Satoshi Nakamoto.
A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new functionality that could potentially see the Bitcoin network rival Ethereum in terms of decentralized finance (DeFi) activity.
The upgrade is called “OP_CAT” (short for operation code concatenate) and refers to a few simple lines of code originally introduced by Satoshi Nakamoto.
Bitcoin miner Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030, according to a Nov. 18 statement.
The offering, subject to market conditions, includes an additional $105 million purchase option for initial buyers within 13 days of issuance.
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Securitize Unveils Vault System to Revolutionize Institutional Defi Liquidity
Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs).
This S-Token Vault offers institutional investors a way to tap into liquidity through DEUSD while maintaining the benefits of their original investments.
Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs).
This S-Token Vault offers institutional investors a way to tap into liquidity through DEUSD while maintaining the benefits of their original investments.
Public Bitcoin miners underperform BTC and other proxies year-to-date
Bitcoin mining stock CleanSpark (CLSK) has gained 18% year-to-date, falling short of Bitcoin’s 121% rise over the same period.
Analyst Caleb Franzen of Cubic Analytics highlights this discrepancy, questioning the effectiveness of investing in mining stocks for higher exposure to Bitcoin’s performance.
Bitcoin mining stock CleanSpark (CLSK) has gained 18% year-to-date, falling short of Bitcoin’s 121% rise over the same period.
Analyst Caleb Franzen of Cubic Analytics highlights this discrepancy, questioning the effectiveness of investing in mining stocks for higher exposure to Bitcoin’s performance.
🎉 Exciting News! Somnia Points Season 3 is LIVE! 🚀
🌟 Somnia Devnet hit 1M+ transactions in 2 weeks! Now you can earn points for on-chain activities! 💫
🔮 What is Somnia?
Somnia: The Dream Computer for a Fully Onchain World
⚡️ The fastest EVM L1 blockchain with:
• 400k+ TPS speed 🏃♂️
• Sub-second finality ⚡️
• Ultra-low fees 💰
Perfect for mass adoption! 🌍
✨ What's New?
• Trade on DEX 📊
• Earn Points 🎯
• Invite Friends 👥
• Daily Streaks 🔥
• Compete on Leaderboards 🏆
💎 Why Join? Built by $3B+ valued Improbable, backed by a16z, SoftBank & more with $150M funding! 🚀
🎁 Early contributors get max rewards!
🔗 Start here: https://bit.ly/SM-QST-CS
🌟 Somnia Devnet hit 1M+ transactions in 2 weeks! Now you can earn points for on-chain activities! 💫
🔮 What is Somnia?
Somnia: The Dream Computer for a Fully Onchain World
⚡️ The fastest EVM L1 blockchain with:
• 400k+ TPS speed 🏃♂️
• Sub-second finality ⚡️
• Ultra-low fees 💰
Perfect for mass adoption! 🌍
✨ What's New?
• Trade on DEX 📊
• Earn Points 🎯
• Invite Friends 👥
• Daily Streaks 🔥
• Compete on Leaderboards 🏆
💎 Why Join? Built by $3B+ valued Improbable, backed by a16z, SoftBank & more with $150M funding! 🚀
🎁 Early contributors get max rewards!
🔗 Start here: https://bit.ly/SM-QST-CS
🇨🇿The Czech Republic has enacted a tax policy exempting Bitcoin holdings from capital gains tax if held for over three years, effective January 1, 2025
This move aligns cryptocurrency taxation with existing securities exemptions, aiming to foster a more favorable environment for long-term crypto investors.
The policy also exempts individuals from paying taxes if income from digital currencies exceeds 100,000 Czech crowns.
This move aligns cryptocurrency taxation with existing securities exemptions, aiming to foster a more favorable environment for long-term crypto investors.
The policy also exempts individuals from paying taxes if income from digital currencies exceeds 100,000 Czech crowns.