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Russia's Sweeping Crypto Mining Regulations Take Effect, Setting Strict New Rules.

Russia’s sweeping crypto mining regulations took effect Nov. 1, transforming the industry with strict energy caps, mandatory registration, and stringent oversight.

[Source](https://news.bitcoin.com/russias-sweeping-crypto-mining-regulations-take-effect-setting-strict-new-rules/)


Here i~~~~s a comprehensive article on Bitcoin, covering its history, technology, benefits, risks, and future prospects.

The Rise of Bitcoin: Understanding the Pioneer Cryptocurrency

Bitcoin, the world's first decentralized digital currency, has been a subject of fascination and controversy since its inception in 2009. Created by an individual or group of individuals using the pseudonym Satoshi Nakamoto, Bitcoin has grown from a niche experiment to a global phenomenon, with a market capitalization exceeding $1 trillion.

In this article, we'll delve into the history of Bitcoin, its underlying technology, benefits, risks, and future prospects. We'll also explore the various use cases, regulatory environments, and the impact of Bitcoin on the global financial landscape.

History of Bitcoin

The concept of a decentralized digital currency dates back to the 1980s, when computer scientist David Chaum proposed the idea of eCash. However, it wasn't until the release of the Bitcoin whitepaper in October 2008 that the modern concept of cryptocurrency began to take shape.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, published the whitepaper, outlining the principles and design of a peer-to-peer electronic cash system. The whitepaper proposed a decentralized network, where transactions would be recorded on a public ledger called the blockchain, and secured through a cryptographic process called proof-of-work.

On January 3, 2009, Nakamoto created the first block in the Bitcoin blockchain, known as the Genesis Block. The first Bitcoin software client was released in February 2009, and the network was launched.

In the early days, Bitcoin was met with skepticism and curiosity. The first Bitcoin transaction took place on January 12, 2009, when Nakamoto sent 10 BTC to developer Hal Finney. The first real-world transaction occurred on May 22, 2010, when a programmer named Laszlo Hanyecz offered 10,000 BTC to anyone who could get him two Papa John's pizzas delivered.

Bitcoin's price remained relatively stable until 2011, when it began to gain traction and attract media attention. The price surged to $31.91 in June 2011, only to crash to $2.22 in November 2011.

Despite the volatility, Bitcoin continued to grow in popularity, with the launch of the first Bitcoin exchange, Mt. Gox, in 2010. The exchange was later hacked, resulting in the theft of hundreds of thousands of Bitcoins.

In 2013, Bitcoin's price surged to $1,242 in November, before crashing to $177 in January 2015. The price remained relatively stable until 2017, when it began to rise rapidly, reaching an all-time high of $19,666 in December 2017.

Today, Bitcoin is the largest cryptocurrency by market capitalization, with a global user base and a wide range of use cases.

How Bitcoin Works

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. Transactions


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From Record Hashrate to a 241% Onchain Fee Increase – Bitcoin Mining’s Big October Unpacked

Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase.

[Source](https://news.bitcoin.com/from-record-hashrate-to-a-241-onchain-fee-increase-bitcoin-minings-big-october-unpacked/)


Paul Grewal, chief legal officer at Coinbase, urged the United States Securities and Exchange Commission to change its approach toward crypto following Donald Trump’s election as president for a second term.

https://cointelegraph.com/news/trump-sec-shakeup-coinbase-pro-crypto-reforms


BlackRock Bitcoin ETF sees ‘biggest volume day ever’ with $4.1B traded

BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.

[Source](https://cointelegraph.com/news/blackrock-bitcoin-etf-sees-biggest-volume-day-ever-4-1-billion-traded)


Chinese scientists claim to have created a powerful 'Death Star' capable of electromagnetic powerful beams. The weapon, similar to the one in Star Wars, may be able to destroy enemy satellites in orbit.

https://www.dailystar.co.uk/news/world-news/china-built-real-life-death-34062764


Hive Digital buys 6,500 ASICs, starts Paraguay construction

Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity.

[Source](https://cointelegraph.com/news/hive-digital-paraguay-bitcoin-mining-expansion)


Amazon.com's cloud computing unit on Tuesday said it will offer free computing power to researchers who want to use its custom artificial intelligence chips, aiming to challenge Nvidia's popularity among those researchers
.

https://www.reuters.com/technology/artificial-intelligence/amazon-offers-free-computing-power-ai-researchers-aiming-challenge-nvidia-2024-11-12/


Apple was told by the EU on Tuesday to stop geo-blocking, the practice of restricting content according to a user's geographical location, on services such as its App Store, Apple Arcade, Music, iTunes Store, Books and Podcasts.

https://www.reuters.com/technology/eu-calls-apple-stop-geo-blocking-practices-apple-media-services-2024-11-12/


DeFi Technologies, a cryptocurrency investing platform, has created a new company called SolFi designed to be a “Microstrategy for Solana”, according to a Nov. 12 announcement.

https://cointelegraph.com/news/de-fi-technologies-spins-out-solana-investing-platform


The Supreme Court declined Tuesday to let Mark Meadows move his Georgia election subversion case to federal court, effectively barring the former chief of staff during Donald Trump’s first term from claiming immunity from those charges.

https://edition.cnn.com/2024/11/12/politics/mark-meadows-supreme-court/index.html


Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker

The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.

[Source](https://cointelegraph.com/news/texas-gold-coin-bitcoin-adoption-cody-harris)


Texas taking baby steps toward strategic Bitcoin reserve: Satoshi Action Fund

Satoshi Action Fund CEO Dennis Porter said a Texas lawmaker has started conversations to introduce strategic Bitcoin reserve legislation at some point in the future.

[Source](https://cointelegraph.com/news/texas-discussion-introduce-strategic-bitcoin-reserve-satoshi-action-fund)


MicroStrategy completes $3B raise to buy more Bitcoin as MSTR falls 25%

The $3 billion offering of 0% convertible senior notes is part of MicroStrategy’s plans to raise $42 billion over the next three years —  primarily to buy more Bitcoin.

[Source](https://cointelegraph.com/news/microstrategy-completes-3-billion-raise-to-purchase-more-bitcoin)


Bitcoin Bull Market May Drive Russian Miners Underground.

The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions.

[Source](https://news.bitcoin.com/bitcoin-bull-market-may-drive-russian-miners-underground/)


Here's a comprehensive article on Bitcoin (BTC), covering its history, technology, benefits, risks, and future prospects.

---

The Rise of Bitcoin: Understanding the Pioneer Cryptocurrency

Bitcoin, the world's first decentralized digital currency, has been a subject of fascination and controversy since its inception in 2009. Created by an individual or group of individuals using the pseudonym Satoshi Nakamoto, Bitcoin has grown from a niche experiment to a global phenomenon, with a market capitalization exceeding $1 trillion.

In this article, we'll delve into the history of Bitcoin, its underlying technology, benefits, risks, and future prospects. We'll also explore the various use cases, regulatory environments, and the impact of Bitcoin on the global financial landscape.

History of Bitcoin

The concept of a decentralized digital currency dates back to the 1980s, when computer scientist David Chaum proposed the idea of eCash. However, it wasn't until the release of the Bitcoin whitepaper in October 2008 that the modern concept of cryptocurrency began to take shape.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, published the whitepaper, outlining the principles and design of a peer-to-peer electronic cash system. The whitepaper proposed a decentralized network, where transactions would be recorded on a public ledger called the blockchain, and secured through a cryptographic process called proof-of-work.

On January 3, 2009, Nakamoto created the first block in the Bitcoin blockchain, known as the Genesis Block. The first Bitcoin software client was released in February 2009, and the network was launched.

In the early days, Bitcoin was met with skepticism and curiosity. The first Bitcoin transaction took place on January 12, 2009, when Nakamoto sent 10 BTC to developer Hal Finney. The first real-world transaction occurred on May 22, 2010, when a programmer named Laszlo Hanyecz offered 10,000 BTC to anyone who could get him two Papa John's pizzas delivered.

Bitcoin's price remained relatively stable until 2011, when it began to gain traction and attract media attention. The price surged to $31.91 in June 2011, only to crash to $2.22 in November 2011.

Despite the volatility, Bitcoin continued to grow in popularity, with the launch of the first Bitcoin exchange, Mt. Gox, in 2010. The exchange was later hacked, resulting in the theft of hundreds of thousands of Bitcoins.

In 2013, Bitcoin's price surged to $1,242 in November, before crashing to $177 in January 2015. The price remained relatively stable until 2017, when it began to rise rapidly, reaching an all-time high of $19,666 in December 2017.

Today, Bitcoin is the largest cryptocurrency by market capitalization, with a global user base and a wide range of use cases.

How Bitcoin Works

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. Transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world.

Here's a step-by-step explanation of how Bitcoin works:

1. *Transaction creation*: When a user wants to send Bitcoins to another user, they create a transaction and broadcast it to the network.
2. *Verification*: The transaction is verified by nodes on the network, ensuring that the sender has the necessary Bitcoins and that the transaction is valid.
3. *Mining*: A group of specialized computers called miners collect and verify transactions, grouping them into blocks.
4. *Block creation*: Miners compete to solve a complex mathematical puzzle, which requires significant computational power. The first miner to solve the puzzle creates a new block and adds it to the blockchain.
5. *Blockchain update*: Each node on the network updates its copy of the blockchain to reflect the new block.
6. *Transaction confirmation*: Transactions are considered confirmed once they are included in a block and added to the blockchain.

Benefits of Bitcoin

Bitcoin offers several benefits, including:

1. *Decentralization*: Bitcoin operates on a decentralized network, meaning that there is no central authority controlling transactions or the money supply.
2. *Security*: Bitcoin transactions are secured through a cryptographic process called proof-of-work, making it virtually impossible to alter or manipulate transactions.
3. *Limited supply*: The total supply of Bitcoin is capped at 21 million, making it a scarce asset.
4. *Fast and global transactions*: Bitcoin transactions are processed and settled in real-time, regardless of the sender's and recipient's locations.
5. *Low transaction fees*: Compared to traditional payment systems, Bitcoin transaction fees are relatively low.
6. *Financial inclusion*: Bitcoin provides access to financial services for people in countries with underdeveloped banking systems or those who are unable to access traditional financial services.

Risks and Challenges

While Bitcoin offers several benefits, it also comes with risks and challenges, including:

1. *Volatility*: Bitcoin's price can be highly volatile, making it a high-risk investment.
2. **


Trump campaign seizes on Bill Clinton’s Laken Riley comments as indictment of Harris’ handling of immigration


Metaplanet shares jump 15% after buying 107 Bitcoin

Metaplanet has already doubled its Bitcoin holdings this month across four purchases totaling over 450 Bitcoin.


US spot Bitcoin ETFs see $556M inflows in biggest day since June

More than half a billion dollars flowed into spot Bitcoin ETFs in the US as the cryptocurrency topped $66,000.


Netflix could report its slowest subscriber additions in six quarters on Thursday as gains from a password-sharing crackdown ease, with investors looking for signs its nascent ad revenue business is accelerating.


EU’s MiCA bill set to shape global stablecoin regulations — Binance


Trump leads Harris, but POTUS won’t matter for Bitcoin: BlackRock’s Fink


Startups working on the Sui blockchain can get a boost from the newly launched SuiHub Global Accelerator Program. The Sui Foundation and its partners will provide up to $200,000, as well as technical and marketing support, to teams with pre-token minimum viable products.

https://cointelegraph.com/news/suihub-global-accelerator-200k-blockchain-startups


Blockstream secures $210M debt funding for Bitcoin layer-2 strategy

The company raised $210 million in debt financing less than a month after launching a security token offering in Europe.

*BMN2 locked hashprice strategy. Source: Blockstream*


Cash-Margined Bitcoin Futures are More Popular Than Ever as Open Interest Reaches New Highs.

CME futures open interest nears all-time high with 165k BTC, signaling a maturing and stable market.

*Cash vs Crypto Margin (Glassnode)*


Italy is preparing to test the use of satellites produced by Elon Musk's Starlink to offer internet connection services in some remote areas of the country, a government official was quoted as saying on Tuesday.


Canary Capital files S-1 for Litecoin ETF


Azra Games secures $42.7M funding for mobile RPG game


Crypto market matured ‘dramatically’ in 2024: Coinbase


Blockstream secures $210M debt funding for Bitcoin layer-2 strategy


STKD launches Bitcoin and gold ETF as ‘debasement trade’ gains traction


Ethereum validators up 30% in a year, driven by institutional adoption


EU markets watchdog urges amendments to MiCA crypto regulations


Why the Harris campaign has spent $11 million on a Facebook page with 1,000 followers


Bitcoin dominance hits 3.5-year high as altcoins get left behind

Bitcoin’s market share neared 60%, hitting its highest level since April 2021, while altcoins were muted in the last 24 hours.

*Bitcoin’s market cap dominance showing its share of the crypto market. Source: TradingView*


Over 90% of Salvadorans don’t transact with Bitcoin: Survey.

Salvadorans have expressed approval of President Nayib Bukele, but they’ve not exactly warmed to his adoption of Bitcoin as legal tender.

*92% of surveyed Salvadorans said they didn’t use Bitcoin for transactions. Source: UFG*


Italy to raise capital gains tax on Bitcoin from 26% to 42%.

In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold.


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Amazon on Wednesday announced its first color Kindle e-reader following years of effort to bring the more immersive device to market.


Thailand's oldest bank announces stablecoin remittance services


Google Flights, a tool that helps users find and compare flight prices, has introduced a new feature to make finding the lowest fares even easier.

The new "Cheapest" tab will present users with more travel options, potentially saving them more money.


Microsoft recruits accessibility app to make its AI more useful to blind and low-vision users.

Be My Eyes, the accessibility app for mobile devices that puts blind and low-vision people on a live video call with a sighted guide, will help Microsoft train its AI. Be My Eyes will provide anonymized video data to improve scene understanding in Microsoft’s accessibility-focused AI models.


Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend

Bitcoin price remains in a seven-month downtrend despite the record ETF net flows.

*Bitcoin ETF net flows. Source: Eric Balchunas*


Russia is using generative artificial intelligence (AI) to ramp up disinformation campaigns against Ukraine, a senior Ukrainian official told Reuters on Wednesday on the sidelines of a cyber conference, branding them a global danger.


TON selects Axelar to link 68 blockchains in Web3 ecosystem


Special counsel says obstruction charge against Donald Trump in January 6 case should stand


Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the U.S. chipmaker has "constantly harmed" the country's national security and interests.


Elon Musk, a tech mogul who is the world's richest person, plunged more than $70 million into helping Donald Trump and other Republicans win in November's election, making him one of the biggest donors to GOP causes this campaign season, according to campaign finance disclosures released this week.


The parents of a Massachusetts child are taking his school to court after the student was punished for using AI in a class project.

The individual, named only as RNH, admitted to teachers that they had used AI when writing a Social Studies project in December, but claimed it was only for research and not to write the whole paper. The student was given a Saturday detention and marked down on the project, something his parents are now suing to rectify.


Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages.


Most US voters prefer a pro-crypto candidate — Grayscale CLO


Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC's strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications.


MicroStrategy’s aggressive Bitcoin acquisition strategy has captivated investors, but is it sustainable? With plans to raise $42 billion in three years, the company is taking bold steps to finance its Bitcoin buying spree.

https://cointelegraph.com/news/is-micro-strategy-bubble-what-risk-bitcoin-price


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Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds

Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack of Bitfinex, should receive a reduced sentence of five years in prison, prosecutors say.

*An excerpt from the prosecutor’s sentencing memorandum shows part of the reasoning behind the recommendation for a reduced prison sentence for Lichtenstein. Source: Pacer*


STKD launches Bitcoin and gold ETF as ‘debasement trade’ gains traction

The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.


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Facebook owner Meta said on Thursday it had teamed up with Blumhouse Productions, the Hollywood company behind popular horror films such as "The Purge" and "Get Out," to put its new generative AI video model Movie Gen to the test.


Bain & Co said on Thursday it will expand its partnership with OpenAI to sell the AI startup's tools, including ChatGPT, to the consultancy's clients.


Cyprus freezes crypto applications ahead of EU-wide MiCA transition


Facebook owner Meta said on Friday it was releasing a batch of new AI models from its research division, including a "Self-Taught Evaluator" that may offer a path toward less human involvement in the AI development process.


New wireless technology reaches record 1 Tbps data transmission speed
An unprecedented data rate which could revolutionize wireless and mobile networks.

A University College London (UCL) team achieved a nearly one terabit per second data transfer speed over a wireless connection. The world record feat opens the doors to future improvements to high-speed wireless.


Malta-Based Investment Company to Follow Microstrategy's Bitcoin Playbook.

Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio.


Microsoft is terminating Azure OpenAI service for individual developers in China. Microsoft has started sending email notices to developers in China that it will stop serving the Azure OpenAI service to individual developers in mainland China from October 21st.


The U.S. government's road safety agency is again investigating Tesla's “Full Self-Driving” system, this time after getting reports of crashes in low-visibility conditions, including one that killed a pedestrian.


Bitcoin to pump if oil, energy prices surge amid Middle East tension: Hayes

BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.


Solv launches Bitcoin staking token on Solana

Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.

*Jupiter Exchange TVL. Source: DefiLlama*


FBI arrests hacker behind SEC fake Bitcoin ETF approval

Eric Council Jr. faces charges of conspiracy to commit aggravated identity theft and access device fraud.


Asset manager Franklin Templeton has partnered with Sui to develop new blockchain technologies and use cases on the layer-1 network, Sui said on Nov. 22.

https://cointelegraph.com/news/sui-franklin-templeton-ecosystem-partnership


Washington, DC-based advocacy group Blockchain Association submitted a letter to Donald Trump on Nov. 22 beseeching the President-elect to prioritize radical cryptocurrency and blockchain regulatory reform during his first 100 days in office.

https://cointelegraph.com/news/blockchain-association-crypto-reform-priorities-trump-first-100-days


Bitcoin remains on track to the $100,000 mark despite investor concerns about Friday’s near $2.7 billion options expiry, which threatened a correction below $85,000.

https://cointelegraph.com/news/bitcoin-options-expiry-rally-toward-100k


Despite heavy sell-off from early investors worth millions, some of the most popular industry analysts believe the Ether market price is poised for a price breakout.

https://cointelegraph.com/news/ether-3-7k-breakout-1-3-b-whale-sold-after-8-years


President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN.

https://edition.cnn.com/2024/11/22/politics/kelly-loeffler-trump-agriculture-department/index.html


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