This reduction in difficulty means that miners will find it easier to solve blocks, potentially leading to increased profitability in the short term. The adjustment is part of Bitcoin's built-in mechanism to ensure that blocks are mined approximately every ten minutes, regardless of the total computational power of the network.The Bitcoin network has experienced a 4.6% decrease in mining difficulty at block height 862,848. This adjustment occurred on September 25, 2024
The sealed brief was submitted to U.S. District Court Judge Tanya Chutkan ahead of a scheduled hearing. The nature of the evidence remains undisclosed, but it is anticipated to play a significant role in the prosecution's case regarding Trump's actions surrounding the 2020 presidential election.
https://twitter.com/KITV4/status/1839437293381099629
Web3 cybersecurity company, losses due to hacks and scams in the cryptocurrency ecosystem have reached an alarming $2.1 billion in the first three quarters of 2024. This figure has already surpassed the total losses recorded in 2023, indicating a troubling trend in the security landscape of digital assets particularly affecting centralized finance (CeFi) platforms. As new attack vectors emerge, the need for enhanced security measures becomes increasingly critical for both users and service
The tokenization process was facilitated through a partnership with the blockchain platform Zeconomy, which specializes in the issuance and governance of digital assets. This issuance not only highlights Guggenheim's commitment to innovation in financial services but also reflects the increasing institutional interest in digital assets and tokenized financial instruments .
On Thursday, the United States imposed sanctions on Sergey Sergeevich Ivanov, a Russian individual, along with the cryptocurrency firm Cryptex, which is based in Saint Vincent and the Grenadines but operates in Russia. This action was announced by the U.S. Treasury Department as part of ongoing efforts to address issues related to financial crime and sanctions evasion linked to Russia
High-bandwidth memory is crucial for enhancing processing speeds compared to traditional memory chips, making it a key component in AI applications. As companies increasingly invest in AI technologies, the demand for HBM is expected to grow significantly, prompting SK Hynix to ramp up its production capabilities
The planned investment not only highlights SpaceX's commitment to expanding its global footprint but also reflects Vietnam's growing interest in enhancing its technological infrastructure. By facilitating the launch of Starlink services, this investment could improve internet connectivity across Vietnam, particularly in rural and underserved areas, thereby supporting the country's digital transformation efforts .
El Salvador made history by becoming the first country to adopt Bitcoin as legal tender, requiring all businesses to accept the cryptocurrency alongside the U.S. dollar . This groundbreaking decision aimed to boost financial inclusion and attract foreign investment, although it has faced various challenges and criticisms.
FTC Chair Lina M. Khan emphasized that using AI tools to mislead or defraud consumers is illegal. This crackdown reflects the agency's commitment to ensuring that companies are honest about their automated offerings and that consumers are protected from deceptive practices in the rapidly evolving AI landscape
Launch Location: The initial rollout will occur in Abu Dhabi, where WeRide has been granted the UAE's first and only national license for self-driving vehicles. This regulatory approval positions WeRide as a pioneer in the autonomous vehicle sector within the UAE.Uber will incorporate WeRide's fleet of robotaxis into its existing vehicle pool, allowing users to request rides in autonomous vehicles through the Uber app. This move aims to enhance the rideshare experience by providing more options
Initially, Sky had planned to phase out WBTC due to concerns about its custody and management. However, following a recommendation from BA Labs on September 24 to pause the offboarding plan, Sky is now considering retaining some WBTC as collateral for the time being. This shift indicates that the perceived risks may now be more acceptable, allowing Sky to hold onto WBTC for the foreseeable future
Mischaracterization of Bitcoin: Mitchnick believes that Bitcoin has been wrongly categorized as a risk-on asset, which has limited its perceived potential in the financial markets. He emphasizes that factors such as unemployment rates, job numbers, and manufacturing outputs do not have a direct correlation with Bitcoin's performance
Bitcoin ETFs have seen a surge in inflows, with reports indicating that they have removed nearly five times the daily supply of Bitcoin from the market. This influx reflects growing investor interest and confidence in Bitcoin as a viable investment vehicle. The strong demand for Bitcoin ETFs suggests that institutional and retail investors are increasingly looking to gain exposure to Bitcoin through regulated financial products.
The AI Playlist tool, which is currently in beta, allows users to generate playlists based on their creative ideas and preferences. This feature aims to enhance user experience by providing personalized music selections, making it easier for users to discover new tracks that align with their tastes.
Green United LLC has recently lost its bid to dismiss an $18 million fraud lawsuit related to a crypto mining scheme. The lawsuit, brought by the U.S. Securities and Exchange Commission (SEC), alleges that the company operated a fraudulent crypto-mining operation, misleading investors by selling mining equipment for a blockchain that did not exist.
https://twitter.com/Cointelegraph/status/1838998149244825880
Pre-order demand in Russia for the new iPhone is 15% higher than for its predecessor, the iPhone 15. This increase in demand has been reported by various sources, indicating strong consumer interest despite the challenges posed by higher prices and Apple's export restrictions to Russia
This decision follows a significant decline in ASML's share price, which dropped 30% during July and August. As part of this downgrade, Morgan Stanley also adjusted ASML's stock rating from Overweight to Equal-weight.The downgrade reflects concerns over earnings growth challenges anticipated for 2025-2026, prompting a reduction in the price target for ASML's shares from 925 to 800
United Arab Emirates-based artificial intelligence company G42 has teamed up with U.S. chipmaker Nvidia to focus on climate technology. This collaboration aims to develop AI solutions that enhance the accuracy of weather forecasting and address various climate-related challenges.companies, as they plan to establish a climate technology lab to innovate and implement advanced technologies in this critical area. This initiative highlights the growing importance of AI in tackling environmental issue
As the EU moves forward with its AI Act, which aims to govern the development and application of AI technologies, these companies are advocating for more flexible regulations that would allow for greater innovation and less financial risk. The outcome of this lobbying effort could significantly impact how AI is regulated in Europe and the operational landscape for tech firms globally.
A significant data breach has occurred involving Star Health, one of India's largest health insurers, where a hacker has utilized Telegram chatbots to leak sensitive customer data. Reports indicate that over 31 million records are allegedly for sale, with the data accessible through these chatbots. The compromised information includes medical reports, policy documents, names, phone numbers, and other personal details of customers
Response from SpaceX: In response to the proposed fines, Musk has expressed strong opposition, indicating that SpaceX plans to contest the FAA's decision. He has criticized the agency for what he perceives as a misallocation of resources, arguing that the FAA is focusing on minor issues while overlooking more significant safety concerns
On September 17, 2024, Neuralink, the brain-chip startup founded by Elon Musk, announced that its experimental implant, known as Blindsight, has received breakthrough device designation from the U.S. Food and Drug Administration (FDA). This significant milestone is aimed at restoring vision for individuals who have lost their sight, including those who have lost both eyes and their optic nerve
Focus Areas: The primary focus of this investment will be on AI data centers and energy projects, which are critical for the growing demands of AI applications. The initiative is expected to not only bolster AI capabilities but also address the increasing need for energy infrastructure to support these technologies.
Automatic Teen Accounts: All users under 18 will be automatically assigned to Teen Accounts, which come with built-in privacy protections. This means that their accounts will be set to private by default, limiting visibility to only approved followers
The urgency of this appeal is underscored by the significant financial losses reported due to scams facilitated through crypto ATMs. In 2023 alone, scammers reportedly stole over $120 million via these machines, highlighting a troubling trend that has caught the attention of lawmakers and regulatory bodies alike. The Federal Trade Commission (FTC) noted that reported losses from such scams have surged nearly tenfold since 2020, indicating a growing threat to consumers .
Circle, the issuer of the USDC stablecoin, has taken a strong stance by blacklisting two wallets associated with North Korea's Lazarus Group. This action makes Circle the fourth stablecoin issuer to implement such measures, following similar decisions by other firms. However, some blockchain analysts have criticized Circle for acting months after its competitors
The report emphasizes that Bitcoin's integration into DeFi is driven by several factors, including technological advancements and the growing demand for decentralized financial services. As DeFi platforms seek to leverage Bitcoin's established network and security features, they are creating new opportunities for users to engage with Bitcoin in ways that were previously not possible.
The situation unfolded on September 15, 2024, when law enforcement responded to reports of a potential threat at the Trump International Golf Club. The FBI has confirmed that they are treating this as a serious matter, marking it as the second assassination attempt against Trump in just two months
Bybit has ensured that these products meet the necessary religious standards by obtaining double Shariah certification from both Crypto Halal Certification and ZICO Holdings. This certification process aims to provide Muslim traders with confidence in the compliance of the trading environment.
MicroStrategy purchased an additional 7,420 Bitcoin for about $458.2 million, bringing its total holdings to 252,220 BTC. The total investment in Bitcoin now stands at around $9.9 billion, with an average purchase price of $39,266 per Bitcoin . With Bitcoin currently trading at approximately $62,945, the value of MicroStrategy's holdings has significantly increased, contributing to the company's stock outperformance
The primary goal of this acquisition is to enhance Visa's existing portfolio of fraud detection and risk-scoring solutions. Featurespace's AI-enabled solutions are expected to significantly improve Visa's ability to help clients manage fraud in real time, thereby strengthening the overall security of its payment ecosystem
One of the major announcements was the unveiling of Orion, Meta's first working prototype of augmented reality glasses. This prototype aims to enhance user interaction with digital content in the real world, reflecting Meta's commitment to advancing AR technology
The Bank of New York Mellon (BNY) is advancing its plans to provide custody services for Bitcoin and Ether held by its exchange-traded fund (ETF) clients. This development follows a recent decision by the U.S. Securities and Exchange Commission (SEC), which granted BNY an exemption from adhering to certain controversial crypto accounting guidelines.
Validate Holdings: BlackRock conducts nightly validations of its Bitcoin balances, ensuring that the assets held in its ETFs are accurately reflected on-chain.Enhance Transparency: By managing its own node, BlackRock aims to provide greater assurance to investors regarding the integrity of its Bitcoin holdings.
https://twitter.com/thecryptobasic/status/1838563787068354643
several Bitcoin miner wallets that had been dormant for over 15 years have come back to life, moving a total of 250 BTC, valued at approximately $15 million. This unexpected activity has sparked speculation within the cryptocurrency community about the identity of the wallet owners, with some suggesting that it could be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, while others believe it may simply be another early miner taking advantage of the current market conditions
The low percentage of remittances utilizing cryptocurrency suggests that traditional methods remain the preferred choice for most Salvadorans. The lack of a surge in cryptocurrency adoption for remittances indicates potential barriers, such as limited understanding of digital currencies, concerns about volatility, and the established reliability of conventional remittance services.
BitcoinOS has recently launched BitSNARK, a zero-knowledge (ZK) verification protocol designed to enhance privacy on the Bitcoin blockchain. This innovative technology utilizes zk-SNARKs (Succinct Non-Interactive Arguments of Knowledge) to allow for the validation of transactions and smart contracts without revealing sensitive information, such as user identities or transaction details
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