Block Mining by a Solo Miner
A solo miner with a hash rate of 120 PH/s added block #841,286 to the bitcoin blockchain on April 29, according to CKPool administrator Con Kolivas. The bitcoin mining reward decreased after the halving from 6.25 BTC to 3.125 BTC, but the solo miner earned 3,433 BTC (~$218,544), including commission, according to mempool.space.
The miner is believed to have switched to solo mining due to unreasonable power costs and may have rented his hashrate. The solo mining of a block is a rare event, having occurred only 282 times in the history of the bitcoin network.
The network's average hash rate is 591 EH/s, with a record high of 728 EH/s on April 23. Hash rates have increased by over 90% in the last year, which has made solo mining more difficult. Over the past few years, there have been instances of solo mining blocks with relatively low hash rates, such as 7 PH/s in April 2024 and 11 PH/s in October 2023.
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A solo miner with a hash rate of 120 PH/s added block #841,286 to the bitcoin blockchain on April 29, according to CKPool administrator Con Kolivas. The bitcoin mining reward decreased after the halving from 6.25 BTC to 3.125 BTC, but the solo miner earned 3,433 BTC (~$218,544), including commission, according to mempool.space.
The miner is believed to have switched to solo mining due to unreasonable power costs and may have rented his hashrate. The solo mining of a block is a rare event, having occurred only 282 times in the history of the bitcoin network.
The network's average hash rate is 591 EH/s, with a record high of 728 EH/s on April 23. Hash rates have increased by over 90% in the last year, which has made solo mining more difficult. Over the past few years, there have been instances of solo mining blocks with relatively low hash rates, such as 7 PH/s in April 2024 and 11 PH/s in October 2023.
#fuji_news #fuji_crypto
Cryptocurrency ETFs in Hong Kong
Six bitcoin and Ethereum-based spot ETFs have started trading on the Hong Kong Stock Exchange (HKEX), marking the beginning of a new phase for cryptocurrency investors. China Asset Management, Harvest Global, Bosera and HashKey have acted as issuers of these instruments, adding diversity to the palette of financial options.
New ETF tickers include Bosera HashKey Bitcoin ETF (3008.HK), Bosera HashKey Ether ETF (3009.HK), ChinaAMC Bitcoin ETF (3042.HK), ChinaAMC Ether ETF (3046.HK), Harvest Bitcoin Spot ETF (3439.HK) and Harvest Ether Spot ETF (3179.HK), giving investors choicе. ChinaAMC reported impressive subscription volume during its initial public offering, signaling interest in cryptocurrency assets.
Bitcoin ETFs have attracted attention at six times the amount of Ethereum ETFs. This event not only reinforces Hong Kong's position as a leading market in the region, but also highlights the growing interest in cryptocurrency investments in Asia.
#fuji_news #fuji_crypto
Six bitcoin and Ethereum-based spot ETFs have started trading on the Hong Kong Stock Exchange (HKEX), marking the beginning of a new phase for cryptocurrency investors. China Asset Management, Harvest Global, Bosera and HashKey have acted as issuers of these instruments, adding diversity to the palette of financial options.
New ETF tickers include Bosera HashKey Bitcoin ETF (3008.HK), Bosera HashKey Ether ETF (3009.HK), ChinaAMC Bitcoin ETF (3042.HK), ChinaAMC Ether ETF (3046.HK), Harvest Bitcoin Spot ETF (3439.HK) and Harvest Ether Spot ETF (3179.HK), giving investors choicе. ChinaAMC reported impressive subscription volume during its initial public offering, signaling interest in cryptocurrency assets.
Bitcoin ETFs have attracted attention at six times the amount of Ethereum ETFs. This event not only reinforces Hong Kong's position as a leading market in the region, but also highlights the growing interest in cryptocurrency investments in Asia.
#fuji_news #fuji_crypto
Record Bitcoin-ETF Outflows and Analytics Growth in 2024
Bitcoin prices and cryptocurrency analytics are attracting attention, especially among investors. On May 2, outflows from bitcoin ETFs hit a record $564 million, while investments in 2023 ETFs from ProShares hit a high.
Outflows from some bitcoin-ETFs, such as BlackRock's IBIT and Fidelity's FBTC, increased, while Ark Invest's ARKB also saw significant outflows. Total inflows into such products since the start of their registration have fallen to $11.2 billion. Some bitcoin-ETFs are trading at a discount to their net assets, which is causing discussions.
Experts point out that such fluctuations are due to the peculiarities of price calculations in ETFs. Analysts also warn about the threat of liquidating positions if bitcoin prices fall below a certain level.
#fuji_news #fuji_crypto
Bitcoin prices and cryptocurrency analytics are attracting attention, especially among investors. On May 2, outflows from bitcoin ETFs hit a record $564 million, while investments in 2023 ETFs from ProShares hit a high.
Outflows from some bitcoin-ETFs, such as BlackRock's IBIT and Fidelity's FBTC, increased, while Ark Invest's ARKB also saw significant outflows. Total inflows into such products since the start of their registration have fallen to $11.2 billion. Some bitcoin-ETFs are trading at a discount to their net assets, which is causing discussions.
Experts point out that such fluctuations are due to the peculiarities of price calculations in ETFs. Analysts also warn about the threat of liquidating positions if bitcoin prices fall below a certain level.
#fuji_news #fuji_crypto
Bitcoin Jumped above $60,000 after the U.S. Labor Market Report
Bitcoin's price is holding above the $60,000 mark, inspired by a U.S. jobs report that changed expectations for the Federal Reserve's key rate from November to September, according to data compiled by Bloomberg.
The Labor Department report showed a 175,000 gain in new nonfarm jobs in April, below expectations. The unemployment rate rose to 3.9%, contrary to forecasts. The slowdown in wage growth to 3.9% caused analysts to revise down their forecasts.
The economic data also impacted expectations for the Fed's key rate trajectory, with the market now assuming two cuts before the end of 2024. The S&P 500 stock index rose 1.2% and two-year bond yields fell 9 basis points to 4.88% following the release of the U.S. labor market report.
#fuji_news #fuji_crypto
Bitcoin's price is holding above the $60,000 mark, inspired by a U.S. jobs report that changed expectations for the Federal Reserve's key rate from November to September, according to data compiled by Bloomberg.
The Labor Department report showed a 175,000 gain in new nonfarm jobs in April, below expectations. The unemployment rate rose to 3.9%, contrary to forecasts. The slowdown in wage growth to 3.9% caused analysts to revise down their forecasts.
The economic data also impacted expectations for the Fed's key rate trajectory, with the market now assuming two cuts before the end of 2024. The S&P 500 stock index rose 1.2% and two-year bond yields fell 9 basis points to 4.88% following the release of the U.S. labor market report.
#fuji_news #fuji_crypto
Türkiye is preparing new legislation on cryptocurrencies
The Turkish government plans to implement new legislation regarding cryptocurrencies by the end of 2024, according to a report by Cointelegraph. Turkish Finance Minister Mehmet Simsek said the rules were finalized in January, but they have not yet been submitted to parliament. In November 2023, a Turkish official mentioned using FATF rules to remove the country from the gray list.
The central bank has already adopted two key rules regarding digital assets, banning payments in cryptocurrencies and requiring compliance with AML rules. The Turkish Capital Markets Authority has recommended a ban on cryptocurrency transactions for government entities.
Türkiye ranks fourth in the world in terms of crypto market volume. It is expected that the new rules will primarily affect the activities of crypto exchanges and investor protection. The tax on crypto transactions is expected to be 5%, but users will be exempt from income tax.
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The Turkish government plans to implement new legislation regarding cryptocurrencies by the end of 2024, according to a report by Cointelegraph. Turkish Finance Minister Mehmet Simsek said the rules were finalized in January, but they have not yet been submitted to parliament. In November 2023, a Turkish official mentioned using FATF rules to remove the country from the gray list.
The central bank has already adopted two key rules regarding digital assets, banning payments in cryptocurrencies and requiring compliance with AML rules. The Turkish Capital Markets Authority has recommended a ban on cryptocurrency transactions for government entities.
Türkiye ranks fourth in the world in terms of crypto market volume. It is expected that the new rules will primarily affect the activities of crypto exchanges and investor protection. The tax on crypto transactions is expected to be 5%, but users will be exempt from income tax.
#fuji_news #fuji_crypto
Cyber Criminals in the UK have been Convicted
Two cybercriminals in the UK have been convicted of stealing £5.7 million worth of cryptocurrencies through the phishing site Blockchain.com. They created a fake website to gain access to victims' assets.
55 people from 26 countries were affected by their actions, with one losing $13,700 worth of bitcoins. Both pleaded guilty to three charges of fraud. Lee was sentenced to four years in prison, while Heppel was sentenced to 15 months.
Police seized $1 million in cash, $79,800 worth of cryptocurrency, three cars and a Banksy painting. A $1.2 million forfeiture order has been issued against Lee to compensate the victims and he has already handed over $687,400.
#fuji_news #fuji_crypto
Two cybercriminals in the UK have been convicted of stealing £5.7 million worth of cryptocurrencies through the phishing site Blockchain.com. They created a fake website to gain access to victims' assets.
55 people from 26 countries were affected by their actions, with one losing $13,700 worth of bitcoins. Both pleaded guilty to three charges of fraud. Lee was sentenced to four years in prison, while Heppel was sentenced to 15 months.
Police seized $1 million in cash, $79,800 worth of cryptocurrency, three cars and a Banksy painting. A $1.2 million forfeiture order has been issued against Lee to compensate the victims and he has already handed over $687,400.
#fuji_news #fuji_crypto
Trading the NOT Token
On May 16 at 12:00 UTC, cryptocurrency exchange Bybit will begin trading the NOT token owned by gaming Web3 project Notcoin; similarly, OKX also announced the upcoming listing of NOT. Binance, for its part, announced the launch of Notcoin farming on its Launchpool platform.
The campaign will run from May 13 to May 16, after which the listing will take place and trading will open in several pairs. The tokens will be credited to BNB and FDUSD stablecoin holders who participated in the farming. In addition, OKX will add the coin to the Jumpstart Marketplace Launchpad with the possibility of NOT earning NOT by steaking Toncoin.
To participate, users must register on OKX, complete verification, and deposit TON into the staking. Distribution of NOT tokens based on the results of the farming will begin on May 16. The NOT listing was originally scheduled to take place in time for the bitcoin halving on April 20, but was postponed.
#fuji_news #fuji_crypto
On May 16 at 12:00 UTC, cryptocurrency exchange Bybit will begin trading the NOT token owned by gaming Web3 project Notcoin; similarly, OKX also announced the upcoming listing of NOT. Binance, for its part, announced the launch of Notcoin farming on its Launchpool platform.
The campaign will run from May 13 to May 16, after which the listing will take place and trading will open in several pairs. The tokens will be credited to BNB and FDUSD stablecoin holders who participated in the farming. In addition, OKX will add the coin to the Jumpstart Marketplace Launchpad with the possibility of NOT earning NOT by steaking Toncoin.
To participate, users must register on OKX, complete verification, and deposit TON into the staking. Distribution of NOT tokens based on the results of the farming will begin on May 16. The NOT listing was originally scheduled to take place in time for the bitcoin halving on April 20, but was postponed.
#fuji_news #fuji_crypto
Risks and the Future of Stablecoins
Analysts at Deutsche Bank Research have conducted a study that implies most stablecoins are at risk of losing their peg and disappearing. After studying 334 pegged currencies since 1800, they found that 49% of such assets face failure with an average life span of eight to 10 years. Reasons for failure include macroeconomic vulnerability, speculation and governance issues.
Stablecoins that survive tend to exist in small authoritarian states or oil-exporting countries with strong financial positions. Deutsche Bank warns that based on their analysis, stablecoins could face turbulence and depeg risk. They emphasize transparency of operations and vulnerability to speculation as the main risk factors.
Events such as the collapse of the Terra USD and USDC emphasize the volatility. Experts fear that the dominance of the USDT raises doubts about the adequacy of collateral. They call for careful monitoring of market sentiment to mitigate potential risks.
#fuji_news #fuji_crypto
Analysts at Deutsche Bank Research have conducted a study that implies most stablecoins are at risk of losing their peg and disappearing. After studying 334 pegged currencies since 1800, they found that 49% of such assets face failure with an average life span of eight to 10 years. Reasons for failure include macroeconomic vulnerability, speculation and governance issues.
Stablecoins that survive tend to exist in small authoritarian states or oil-exporting countries with strong financial positions. Deutsche Bank warns that based on their analysis, stablecoins could face turbulence and depeg risk. They emphasize transparency of operations and vulnerability to speculation as the main risk factors.
Events such as the collapse of the Terra USD and USDC emphasize the volatility. Experts fear that the dominance of the USDT raises doubts about the adequacy of collateral. They call for careful monitoring of market sentiment to mitigate potential risks.
#fuji_news #fuji_crypto
Bitfarms fired CEO and Faced Lawsuit
Bitfarms, a mining company, fired its CEO, Jeffrey Morphy, faster. This happened after he filed a lawsuit against her. The company stated this in a press release.
In March 2024, they announced a change of CEO, expecting Morphy to remain in an interim position until a new head was found. However, on May 10, he filed a lawsuit in the Ontario Supreme Court, demanding compensation of $27 million for breach of contract and dismissal.
Bitfarms stated that it considers the claims to be unfounded and intends to defend itself. Nicholas Bonta, Chairman of the Management Board and co-founder of the company, became the new interim CEO.
#fuji_news #fuji_crypto
Bitfarms, a mining company, fired its CEO, Jeffrey Morphy, faster. This happened after he filed a lawsuit against her. The company stated this in a press release.
In March 2024, they announced a change of CEO, expecting Morphy to remain in an interim position until a new head was found. However, on May 10, he filed a lawsuit in the Ontario Supreme Court, demanding compensation of $27 million for breach of contract and dismissal.
Bitfarms stated that it considers the claims to be unfounded and intends to defend itself. Nicholas Bonta, Chairman of the Management Board and co-founder of the company, became the new interim CEO.
#fuji_news #fuji_crypto
Notcoin provides the Ability to Hallmark the NOT Token
The Notcoin project team has made it possible to brand the NOT token prior to the May 16 listing through several options. Users can deposit coins into Binance, Bybit, OKX, or Telegram's built-in wallet until May 14.
The second option is NOT staking in Web3 projects based on The Open Network (TON), with rewards proportional to the number of blockchain assets. The Notcoin balance can also be funded using NFT vouchers.
Withdrawals to non-custodial wallets will become available on the day of listing. A dynamic fee is charged to NOT to avoid network congestion. The team has denominated the balances by three orders of magnitude.
#fuji_news #fuji_crypto
The Notcoin project team has made it possible to brand the NOT token prior to the May 16 listing through several options. Users can deposit coins into Binance, Bybit, OKX, or Telegram's built-in wallet until May 14.
The second option is NOT staking in Web3 projects based on The Open Network (TON), with rewards proportional to the number of blockchain assets. The Notcoin balance can also be funded using NFT vouchers.
Withdrawals to non-custodial wallets will become available on the day of listing. A dynamic fee is charged to NOT to avoid network congestion. The team has denominated the balances by three orders of magnitude.
#fuji_news #fuji_crypto