Fractal Bitcoin is a new project that promises to revolutionize mining, but is it a real breakthrough?
Why is it important for bitcoin miners?
Fractal offers Cadence Mining: every three blocks on the mining pool will be distributed like this:
Fractal is not a Bitcoin sidechain, but simply a fork, of which there have been many similar ones in the past. Despite being compatible with Bitcoin Core, the project does not expand the Bitcoin ecosystem, but only utilizes its liquidity.
This project promises additional revenue for miners, but be prepared: Fractal is not a second-tier technology, as the developers claim, but another altcoin.
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The launch of Fractal Bitcoin, a new sidechain that will utilize merged mining with the Bitcoin network, will take place today.
This could potentially increase the revenue of miners by increasing the amount of rewards they receive from both BTC tokens and Fractal Bitcoin.
π Start with 100$ and begin mining in one click!
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Bitcoin price has surpassed $63,000
The first cryptocurrency started the week at the $60,000 level. On Tuesday, September 17, digital gold tested the $61,000 mark. On Thursday, September 19, the asset exceeded $63,000.
As of this writing, bitcoin is trading at $63,000.
On September 18, the U.S. Federal Reserve (Fed) lowered its key rate range to a range of 4.75-5% per annum. The rate cut was the first since March 2020.
The decision was in line with market expectations.
βRecent indicators suggest that economic activity continues to grow at a solid pace. Job growth has slowed and the unemployment rate has risen but remains low,β the release said.
The Fed reiterated its previous goals of maximizing employment and 2% inflation over the long term. The regulator believes the indicator is βsteadily movingβ in that direction.
Cryptocurrency exchange Binance has released its own mini-game based on Telegram messenger called Moonbix.
The game is already available on Telegram. At the start, users get 100 coins and six attempts. The latter are restored one every 10 minutes.
On September 20, the Hamster Kombat team performed a snapshot of user accounts. The developers announced the end of the first season of the clicker game, announced the second season and launched the intermediate season.
On September 17, they introduced an anti-chit strategy, which resulted in some users getting the βCheating is Badβ achievement and losing potential rewards.
The Solana Mobile team presented a new version of the Web3 smartphone called Solana Seeker (formerly Chapter 2), developed in collaboration with the Solflare wallet.
The number of pre-sales of the device has already exceeded 140,000 in 57 countries.
Solana Seeker, similar to its predecessor model Saga, is equipped with a Seed Vault wallet. The ability to create an AI agent has been added to the device, and the Solana Mobile Dapp Store has been optimized.
π Start with 100$ and begin mining in one click!
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When we compare the current value of BTC to the world's largest assets, the picture becomes clearer:
The adoption of BTC as a global asset could lead to a significant increase in its value in the future.
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This prediction was made by the co-founder of WeRate, based on historical data and current market cycles.
By the way, it's been 153 days since the last halving.
π In the previous halving years β 2016 and 2020, Bitcoin showed significant growth in Q4. Moreover, the asset also closed with gains in Q1, Q2 and Q3 of the following year.
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After 3 months of rigorous testing and tweaking, we are happy to announce that the official Clore Wallet for Android is finally available for download! ππ±
π Download Clore Wallet on Google Play: https://play.google.com/store/apps/details?id=com.clore.app
With the Clore Wallet app you can:β Easily manage your Clore coins on the goβ Send and receive transactions securelyβ Participate in POH directly from your mobile device
π Start with $100 and begin mining CLORE right now!
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Mining is an opportunity to not just own digital assets, but also to participate in supporting their network, earning rewards for doing so.
With the growing popularity of cryptocurrencies such as BNB, the potential for increased income from mining is becoming more and more apparent.
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If not, hurry up and experience the thrill of Liquidation with amazing bonuses!
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Thanks to a significant reduction in transaction fees on the TRON (TRX) network, buying mining equipment is now much more profitable.
This is a great time to buy equipment β start mining and take advantage of low commissions!
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On September 26, digital gold quotes crossed the $66,000 mark.
The first cryptocurrency did not hold the achieved level and traded in the range of ~$65,500-65,900 in the following days.
The largest digital assets ended the week in the green zone.
On September 28, Binance co-founder and ex-CEO Changpeng Zhao (CZ) was released two days ahead of the expiration of his detention.
The entrepreneur was serving a four-month prison sentence on charges of money laundering and other illegal activities. As part of a settlement with the U.S. Justice Department, he agreed to pay a $50 million fine and step down as CEO of the exchange.
On September 26, the team of the Hamster Kombat game project began distributing the HMSTR token among 131 million users.
At the same time, major cryptocurrency exchanges including Binance, OKX and Bybit launched spot trading of the coin.
TON developers expected an increased load on the network due to the airdrop. As a result, Wallet and Tonkeeper wallets and some Binance users experienced problems amid HMSTR listing on the platforms.
In another recalculation, the mining complexity of the first cryptocurrency has decreased by 4.6% to 88.4T.
The average hashrate for the period since the previous value change amounted to 740.3 EH/s, the interval between blocks - eight minutes and 24 seconds.
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This is especially surprising considering that the cryptocurrency usually loses about 3.48% in value in early fall, and in 2014 and 2019, the decline exceeded 10%.
The βFear and Greed Indexβ also looks unusually active, reaching the 61 mark, indicating that βgreedβ is prevalent in the market.
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Exchanges are experiencing a shortage in the amount of Bitcoin supply, which may affect the price of the main cryptocurrency.
In addition, it is also profitable to mine Bitcoin right now for several key reasons:
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PlanB analyst put forward such a scenario:
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The strategy of putting aside 10% of your monthly paycheck into bitcoins (using the example of an average American family receiving payments 2 times a month)
You can get even more passive profits by starting to mine Bitcoin right now!
π Start with $100 and begin mining cryptocurrency in one click!
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Especially for our users, we have prepared a calendar of important events for the month.
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Bitwise has applied to register a spot XRP-ETF
Digital asset manager Bitwise has applied to launch an XRP-based spot exchange-traded fund. The firm promised to provide details at a later date.
βΉοΈ The SEC's legal battle against Ripple regarding XRP's status has been ongoing since December 2020.
In July 2023, the fintech firm won a partial victory. The court ruled that programmatic sales and other distributions of the token do not constitute an offer and sale of investment contracts.
On October 9, a new HBO documentary will be released to reveal the identity of bitcoin creator Satoshi Nakamoto.
The film, titled Money Electric: The Bitcoin Mystery, was directed by Cullen Hoback. His previous work - Q: Into the Storm - exposed the QAnon conspiracy theory prevalent in the US.
The fortune of Binance co-founder and ex-CEO Changpeng Zhao (CZ) increased by about $3 billion during his prison sentence, according to a Forbes estimate.
That means the entrepreneur βearnedβ roughly $25 million for every 24 hours of his 117-day sentence.
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In the third quarter of 2024, the value of bitcoin rose by 2.5%, despite large sell-offs by governments in various countries and payouts to customers of bankrupt crypto exchanges.
All things considered, bitcoin remains the best performing asset in 2024
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According to Ecoinometrics, Nvidia shares have a higher RAROC than bitcoin, while Meta securities and gold have moved closer to the cryptocurrency in terms of risk-adjusted return on investment.
However, things could change in October as historically this is a high-yielding month!
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Usually BTC reaches ATH in 518-546 days after halving. This time, the cryptocurrency is ahead of the βtraditionalβ dynamics for 100 days.
This is stated in the CoinMarketCap report for the third quarter.
This could be both an anomaly and the beginning of a long-term change in market behavior and a potential entry into the βsupercycleβ phase.
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Investment company BlackRock sees bitcoin as a new asset class that deserves attention not as a risky instrument, but as a means of capital protection.
According to the company's analysts, the largest cryptocurrency can play a key role in the face of weakening traditional banking systems, depreciating fiat currencies and growing geopolitical instability.
Despite this, Ethereum continues to expand the capabilities of blockchain technology, making it an important element in the development of decentralized applications and services.
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