🐂 DIGEST 14-18 OCTOBER

Stay ahead in the crypto world with our latest digest, covering essential updates and insights from the crypto mining industry

⭕️Blockchein Life 2024 - show more

⭕️Larry Fink: Bitcoin is an Asset Class, Like Gold - show more

⭕️Ethiopia is becoming one of the centers for mining - show more

⭕️The price of Bitcoin (BTC) has surpassed $68,000 - show more

⭕️The Trump Family's Crypto Project Sold Tokens for Only 4% of the Planned Amount - show more

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❗️Blockchain Life 2024 starts tomorrow❗️

🐂 UMINERS is engaged, once again, as the event's general sponsor, so be sure to visit our booth A1. We have many exciting and surprising gifts reserved for the forum guests!

⚡️ Join us at the year's most important crypto conference.

❗️ This is an event you can't miss! See you in Dubai!

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🐂 As part of the Blockchain Life 2024 forum, a raffle for valuable prizes was held among the guests!

Congratulations to the winners, and thank you all for participating!

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🐂 Hong Kong Increases Tax Incentives for Cryptocurrency Investments

🪙 The head of the Hong Kong Treasury announced plans to expand tax incentives for cryptocurrency investments by the end of the year, as well as to issue more licenses for trading platforms.

💬 Christopher Hui, the Secretary for Financial Services and the Treasury, noted that the government aims to make tax incentives available to private funds and family offices, which will help attract interest in the market.

⚡️Since June 2023, Hong Kong has issued three licenses to cryptocurrency exchanges: OSL Exchange, HashKey Exchange, and HKVAX.

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🐂 The price of Bitcoin has increased by nearly 5% over the past 24 hours, surpassing the $71,000 mark for the first time since early June.

🪙 Bitcoin's market capitalization has risen to $1.4 trillion, and its market dominance index has reached 59.78%.

💬 In the past day, the total amount of liquidations for traders betting against Bitcoin has exceeded $88 million. On major cryptocurrency exchanges, the total value of forced liquidations in short positions has surpassed $170 million, affecting more than 68,000 users.

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🐂 The price of Bitcoin has surpassed the $73,000 mark and is approaching its all-time high.

🪙 At the moment, Bitcoin is just a few steps away from the record of $73,777, which was set on March 14 of this year.

💬 On the night of October 29, Bitcoin rose to $70,000, reaching its highest point since the beginning of summer.

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🐂 Blockchain Life 2024: let's recall how one of the key forums in the field of web3, cryptocurrencies, and mining took place.

🪙 This year, Uminers was nominated in two categories: "Company of the Year" and "Distributor of the Year." We won in both nominations!


💬 Our team actively engaged with participants from various countries, shared experiences, and established valuable connections.

⚡️See you at the next Blockchain Life 2025!

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🐂 The cost of mining one BTC reached $49,500 in the second quarter.

🪙 This figure increased to $49,500 in the second quarter, compared to $47,200 in the first quarter. Taking into account depreciation and stock-based compensation, this amount rises to $96,100.

💬 The increase in costs is associated with the rise in mining difficulty and the increase in energy resource prices.

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🐂 Today marks the 16th anniversary of the release of the Bitcoin white paper.

🪙 On October 31, 2008, Satoshi Nakamoto presented a document that became the foundation for Bitcoin and opened a new era in the world of financial technology.

💬 This paper outlined the concept of a peer-to-peer payment system that allows online payments to be made directly between users without the need for intermediaries or trusted third parties.

⚡The Bitcoin network began operating in January 2009, and just two years later, Satoshi Nakamoto disappeared, leaving behind a legacy that sparked a multi-billion-dollar industry.

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🐂 Uminers. News

🐂 Current price list as of 29.10 for equipment orders

UMINERS — the largest distributor of mining equipment directly from manufacturers.

⚡Direct contracts with manufacturers Bitmain, MicroBT, and Canaan.
⚡Worldwide logistic service.
⚡The lowest prices on the market.
⚡1-year warranty on all equipment from the manufacturer.
⚡Hosting in our data centers on favorable terms.
⚡Personalized approach to each client.
⚡Localization of the company's offices in several countries around the world.

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🐂 The British pension fund invests 3% of its capital in bitcoins

🪙 Employees of the consulting firm Cartwright reported that a British pension fund, the name of which is kept confidential, is investing 3% of its capital in bitcoins.

💬 The management of the pension fund decided to purchase cryptocurrency based on the advice of Cartwright specialists, who noted the high long-term potential of BTC. This view is supported by the fact that over the past five years, bitcoin has appreciated by 634%, while gold, for example, has only increased in price by 81% during the same period.

⚡Notably, it’s not just the investment in bitcoin that stands out, but also the amount of funds that the organization from the UK plans to allocate to cryptocurrency. For instance, the American pension fund "Michigan State Pension System" invested only 0.05% of its managed assets in shares of the ARK 21Shares Bitcoin ETF (ARKB), which amounts to $6.6 million in monetary terms.

💬 Cartwright specialists believe that the situation with bitcoin will mirror what happened with company stocks in the 1970s when pension funds began purchasing securities from various enterprises. Initially, they invested small amounts in firms, but over time, they started allocating substantial portions of their capital to these securities.

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