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Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
6.10.2024
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking...
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
6.10.2024
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb...
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
6.10.2024
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer...
BTC short-term holders 'likely taking on more risk' as realized cap drops by $6B
6.10.2024
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
6.10.2024
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and redirecting them to a suspicious external site selling “Lego tokens.”...
Bitcoin realized price rejections hint BTC price ‘weakening’ — Analyst
6.10.2024
Bitcoin hodlers' realized cap sees a snap drop while speculators get more confident in market trajectory
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
6.10.2024
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in...
Coinbase to Delist USDT in Europe Amid New EU Regulations
6.10.2024
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require...
Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention
6.10.2024
Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes cryptocurrencies will play a “very, very important role” in...
DMCC and CVVC Partner to Drive Web3 Innovation
6.10.2024
The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have partnered to support the Web3 ecosystems in Dubai and Switzerland. The partnership aims to foster collaboration, knowledge sharing, and innovation in blockchain technology....
Last Week Featured Bullish Continuation
6.10.2024
This editorial is from last week’s newsletter, Week in Review, with some slight tweaks to dates so the article makes sense. Subscribe to the newsletter to get this editorial the second it’s released, which also includes the biggest stories of the week and a comment on each story. One Week...
AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation
6.10.2024
AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like Microsoft and Nvidia. The $6.6 billion raised would be used to expand its set of tools and raise its computing capacity, which needs to increase significantly to train new...
Spellborne’s Side Quests Take Center Stage
6.10.2024
Having completed the main quests of Season 1, Regina returns to the captivating world of Spellborne to tackle the latest side quests. What ensues is an intense blend of strategy, reflex challenges, and immersive world-building. Last week’s quick recap In Heroes of Mavia, players build and defend...
Crypto Ponzi Leader Receives 121-Month Prison Sentence
6.10.2024
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none...
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
6.10.2024
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal...
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
6.10.2024
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff...
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
6.10.2024
Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven...
Zimbabwe Injects $50 Million to Bolster Devalued Currency
6.10.2024
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have...
Will Satoshi be revealed? Banks to join SWIFT digital asset trials and more: Hodler’s Digest, Sept. 29 – Oct. 4
6.10.2024
HBO’s Money Electric: The Bitcoin Mystery, Banks to join SWIFT digital asset trials in 2025: Hodlers Digest
Nigeria Introduces System to Boost Forex Market Transparency
5.10.2024
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS....