Headframe BTC Mining Pool ENG
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⚡ The correlation between bitcoin and gold has fallen to its lowest level in 11 months

According to K33 Research, the correlation between bitcoin and gold has reached its lowest level in 11 months at -0.36. This means that the prices of these assets are now more likely to move in opposite directions. Most recently, bitcoin rose by 20%, while gold, on the other hand, fell in price by 5%. Analysts suggest that bitcoin is strengthening its position as “digital gold” and attracting capital that was previously invested in traditional safe-haven assets.

#news
Hi. Here's a news digest.

⚡ The Russian government has approved taxation for cryptocurrency transactions
Miners should take into account the new tax obligations when planning profits and withdrawals. This will help avoid legal problems and improve financial efficiency.

⚡ Britain has created an AI grandmother to fight phone scammers
Artificial intelligence developed in Britain mimics a conversation with elderly people to apprehend phone scammers.

⚡ A trader lost $25.8 million due to an address error
A cryptocurrency trader accidentally transferred $25.8 million to the wrong address, resulting in an irrecoverable loss of funds. This incident highlights the importance of carefully checking details before sending large sums of money.

⚡ Most institutional investors plan to increase investments in cryptocurrencies
The influx of institutional money is boosting cryptocurrency rates, making mining more profitable.

⚡ The body of a missing cryptoblogger is found in a Montreal park

The body of well-known cryptoblogger Benedict Arthur was found in a Montreal park a few days after his disappearance. Police speculate that his activities in the cryptocurrency industry may have been the cause of the crime.

⚡ Bitcoin's correlation with gold has fallen to its lowest in 11 months
The correlation between bitcoin and gold has reached a level of -0.36, indicating an opposite movement in the prices of these assets. This is a signal to miners that bitcoin is becoming less dependent on traditional assets, strengthening its value in the market.

⚡ Chinese tech giant Nano Labs has started accepting bitcoins as payment
Nano Labs, a major technology company in China, has started accepting bitcoins as payment for its goods and services. This is a step towards widespread adoption of cryptocurrencies in business.

See you next week!
#news
⚡ In which regions of the Russian Federation is mining the cheapest?

The Analytical Credit Rating Agency (ACRA) has published a study in which it singled out the Russian regions with the lowest electricity tariffs for mining. The top includes the Irkutsk region, Khakassia and Dagestan. For example, in the Irkutsk region, the cost of electricity for consumption of up to 6,000 kWh per month ranges from 9,000 to 16,000 rubles, which makes it particularly attractive for miners. In some regions, such as Kalmykia and Tyva, the same amount of energy will cost 43,000-47,000 rubles.

#news
⚡ Bitfinex hacker Heather Morgan sentenced to 1.5 years in prison

A U.S. federal court has sentenced Heather Morgan, known as “Rap Scheherazade,” to 18 months in prison for her involvement in laundering funds stolen from the Bitfinex exchange in 2016. Her husband, Ilya Lichtenstein, received a five-year sentence. The couple was arrested in 2022 when 94,643 BTC (about $3.6 billion at the time) was seized from them. Both pleaded guilty in August 2023. The court took into account Morgan's cooperation with the investigation when handing down the lighter sentence.

#news
⚡ JPMorgan noted a 29% increase in bitcoin mining yields

Experts from JPMorgan reported that the profitability of bitcoin mining increased by 29% in November 2024. This is due to an increase in the value of bitcoin against the background of a decrease in the complexity of the network, which made the process of mining more profitable for participants. According to the bank, such changes create more favorable conditions for increased investment in equipment and capacity expansion

#news@headframeeng
Transparency and control are key elements of mining ⛏

With Payment Uploads, you have access to detailed reports on your accruals and payments. This data allows you to better understand how your mining is performing and make informed decisions. Reports are provided in a convenient format for a period of 7, 30 or 90 days, which is easy to analyze and use to optimize your processes - right from your personal account in a couple of clicks!

Payment uploads are your tool for efficiency and control.

Join Headframe!
⚡ Bitcoin price exceeds $97,800

On November 21, 2024, the price of bitcoin reached a new all-time high, surpassing the $97,800 mark. Experts predict that bitcoin could surpass the $100,000 mark before the end of the year if current trends continue.

#news
⚡ Head of the Federal Tax Service Daniil Egorov: Our work with miners is only just beginning

Head of the Federal Tax Service of Russia Daniil Egorov told about the start of registration of miners in the official register. At the moment, about 150 applications have already been submitted, which was the first step in the implementation of the new law on mining. Egorov noted that work with miners is just beginning, and regulation in this area requires coherent interaction with the Ministry of Energy for optimal allocation of energy resources. He also emphasized the importance of separating the taxation of individuals and legal entities, which allows the system to be adapted for different categories of participants.

#news
Hi!

Let's take a look at the news review for the past working week.

⚡ Andrey Lugovoi: We need a barrier to banning and restricting mining in Russia
State Duma deputy Andrei Lugovoi said that it is necessary to protect the mining industry in Russia from possible bans. He emphasized that mining can become a strategic direction for the country's economy, and its ban would lead to the loss of jobs and tax revenues. Lugovoi suggests creating favorable conditions for the development of the industry and taking measures to legalize it.

⚡ JPMorgan noted a 29% increase in bitcoin mining profitability
Increased profitability attracts new participants to the industry and contributes to its further growth.

⚡ We don't call the poor: Casa founder reveals who scammers are after
Jameson Lopp, founder of Casa, said that scammers most often target wealthy cryptocurrency owners. He noted that their main target is large sums of money, and their main methods are phishing attacks and social engineering.
This information emphasizes the need for increased attention to security for all market participants, especially large miners and investors.

⚡ A user transferred $129 million to a phishing address, but it was returned
An unknown user accidentally transferred $129 million in cryptocurrency to a phishing address. But within six hours This case was a rare example of a successful return of crypto assets.
This incident is a reminder of the need for caution when dealing with cryptocurrency wallet addresses and the efforts of some platforms to protect their users.

⚡ Brazilian pianist hospitalized for losing access to bitcoin wallet
A Brazilian pianist, whose name was not disclosed, was hospitalized after he lost access to a cryptocurrency wallet containing about $500,000 worth of bitcoins. The loss of access caused him severe emotional distress.
This case emphasizes the importance of backing up and safely storing cryptocurrency wallet keys.

⚡ Bitfinex hacker Heather Morgan sentenced to 1.5 years in prison
A U.S. federal court has sentenced Heather Morgan, known as “Rap Scheherazade,” to 18 months in prison for her involvement in laundering funds stolen from the Bitfinex exchange in 2016. Her husband, Ilya Lichtenstein, received a five-year sentence. The couple was arrested in 2022 when 94,643 BTC (about $3.6 billion at the time) was seized from them. Both pleaded guilty in August 2023. The court took Morgan's cooperation with the investigation into account when imposing the lighter sentence.

⚡ In which regions of the Russian Federation is mining the cheapest?
The Analytical Credit Rating Agency (ACRA) published a study in which it singled out the Russian regions with the lowest electricity tariffs for mining. Irkutsk region, Khakassia and Dagestan were included in the top.

See you next week
⚡ The demand for mining equipment in Russia has tripled

According to the latest data, the demand for mining equipment in Russia has tripled compared to the same period last year. The main reasons for the growth are the legalization of mining in the country, the high bitcoin exchange rate and attractive electricity tariffs in some regions. Russian companies note that miners are actively purchasing ASIC devices aimed at long-term operation under stable regulatory changes.

#news
⚡ Inflows into crypto funds strengthened to a record $3.12 billion

According to the CoinShares report, for the first half of November 2024, the inflow to cryptocurrency funds reached a record $3.12 billion. This is a 17% increase compared to the previous month. Bitcoin remained the most popular among investors, which accounted for more than 70% of all investments. Analysts attribute the growth of interest to the strengthening of the cryptocurrency market and its resistance to macroeconomic risks.

#news
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⚡ Experts called the current bitcoin pullback a pause before growth to $100,000

The current drop in bitcoin price to $93,000 is considered by analysts as a temporary correction before further growth. A trader at Bluntz Capital noted that the uptrend is expected to continue after this pullback. Analysts at K33 Research attribute the correction to seasonal fluctuations and are confident in overcoming the $100,000 mark in the coming weeks. Charlie Sherry of BTC Markets considers the decline “healthy” and predicts further growth after consolidation.

#news
Hi! Its weekly digest!

⚡ Russia has legalized taxes on bitcoin transactions
Russia has adopted a law on taxation of transactions with cryptocurrencies. Income from bitcoin transactions is now taxed up to 22% depending on the amount of profit. Transactions with digital assets are treated as property transactions.

⚡ Anatoly Aksakov: bitcoin is not yet suitable for gold and currency reserves
This approach indicates a cautious attitude to cryptocurrencies at the state level, despite their growing popularity among investors.

⚡ Demand for mining equipment in Russia has tripled
Demand for mining equipment in Russia has tripled compared to last year. This is due to the rise in bitcoin prices and the legalization of mining activities in the country.

⚡ Texas authorities obliged miners to register their equipment
In Texas, a law requiring mandatory registration of mining equipment came into force. This measure is aimed at preventing congestion on the power grid and increasing the transparency of the industry.

⚡ Hackers and crypto fraudsters took in over $71 million in November
According to Immunefi, hackers stole more than $71 million in November 2024 through hacks and fraudulent schemes, including attacks on DeFi platforms.
This incident emphasizes the need for increased security when dealing with cryptoassets.

⚡ 180 people tried to convince an AI bot to give up $40,000
An AI bot was subjected to 180 hacking attempts to gain access to a wallet containing $40,000. This is a deliberate measure in which AI creators try to find vulnerabilities with a test like this. All attempts were unsuccessful due to the built-in defenses.

See you next week!
⚡ French department store Printemps has started accepting cryptocurrency for payment

The famous French department store Printemps has become the first major retailer in the country to start accepting cryptocurrency to pay for goods. Customers can pay with bitcoin and other popular digital assets through special terminals. Transactions are processed instantly using a secure platform that automatically converts the cryptocurrency to euros.

#news
⚡ Big miners spent $3.6 billion on modernization

According to a recent report, the largest mining companies invested $3.6 billion in equipment modernization in 2024. The main spending was on purchasing new ASIC devices, improving power supply, and expanding infrastructure. These investments are attributed to the increasing complexity of mining and the need to improve efficiency to remain competitive.

#news
⚡ A Russian deputy organized a mining farm in his garage

The Prosecutor's Office of the Novosibirsk Region has charged 28-year-old Alik Nersisyan, a deputy of the Krivodanovsky Village Council, with causing damage to the energy company “RES” to the amount of at least 6.5 million rubles. From June 2022 to June 2023, Nersisyan illegally connected his mining farm, located in a garage, to an overhead power line using special piercing clamps. During the search, 16 mining devices were seized. The case was sent to the district court, the deputy faces up to five years in prison, and his property worth 1.2 million rubles was arrested.

#news
⚡ Bitcoin price has passed the $100,000 mark

On the night of December 4-5, 2024, bitcoin broke the $100,000 mark for the first time in history, peaking at $104,088 on the Binance exchange.

Today you and I witnessed a historic event! With what we congratulate our dear miners 🎉

#news
⚡ Bitcoin surrendered the $100,000 mark in extreme volatility

From December 5 to 6, 2024, the bitcoin price reached an all-time high of over $104,000, but then fell sharply to $90,500 before recovering to $98,000. Experts attribute this to “leverage offloading” and forced position closures caused by excessive leverage by retail traders. Liquidations reached $564 million, the highest since June 2024.

#news
Hi! This is the weekly digest.

⚡ In France, the country's first real estate deal for bitcoins has taken place
The country's first real estate transaction for bitcoins took place in France. The seller and buyer used a secure platform for the transaction, an important step for the adoption of cryptocurrencies in traditional markets.
The recognition of bitcoin as a means of payment in large transactions such as real estate purchases reinforces its status in the global economy.

⚡ Absolute record: bitcoin broke through the $100,000 mark
Bitcoin has reached an all-time high, breaking the $100,000 mark. The new bitcoin price record confirms its attractiveness for investors and positively affects the profitability of mining.

⚡ The UK has shut down a Russian cryptocurrency laundering network
The UK, together with international partners, has shut down a Russian cryptocurrency laundering network linked to the Garantex and Ryuk platforms. This is one of the biggest strikes against illegal schemes in recent times.

⚡ Google DeepMind has tested a Russian AI environment
Integrating AI into the crypto industry could increase its efficiency and predictability, opening up new opportunities for miners and traders.

⚡ Illegal miners have pushed Abkhazia's energy infrastructure into a state of emergency
In Abkhazia, the energy infrastructure was on the verge of collapse due to the activities of illegal miners. The authorities have strengthened control and started shutting down illegal farms.

⚡ The complexity of bitcoin mining has reached a record 103 T
Bitcoin mining difficulty has risen to 103 T, setting a new record.

See you next week!