The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter. Source: https://cointelegraph.com/news/us-gov-killed-silvergate-to-cut-off-crypto-industry-nic-carter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Bitcoin Network Eases Up: Difficulty Falls 4.6% at Block 862,848
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: […] Source: https://news.bitcoin.com/bitcoin-network-eases-up-difficulty-falls-4-6-at-block-862848/
Terror victims claim DOJ withholding their cut of $4.3B Binance penalty
Four people who are victims or family of victims of state terrorism sued the Justice Department claiming it hasn’t put the billions from Binance’s settlement into a victim fund. Source: https://cointelegraph.com/news/terror-victims-sue-doj-share-multi-billion-binance-fine?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Russia’s Cybercrime Damage Exceeds $1.25 Billion in 2024, Minister Says
Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia Over $1.25 […] Source: https://news.bitcoin.com/russias-cybercrime-damage-exceeds-1-25-billion-in-2024-minister-says/
Meta Unveils Orion AR Glasses, Quest 3S, and More During its Connect Event
Social media and technology giant Meta unveiled a series of AI-powered features for its mixed and virtual reality products during its annual Connect event on Wednesday, showcasing some of its latest tech as the company attempts to catch up and overtake industry rivals. While a new Meta Quest headset and updates to its Horizon and virtual apps dominated the presentation,…
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […] Source: https://news.bitcoin.com/hong-kong-cbdc-pilot-enters-phase-2-with-new-firms-to-advance-digital-currency-use-cases/
NYC’s pro-crypto mayor Eric Adams indicted on corruption charges
New York Mayor Eric Adams has defended his innocence after being indicted on federal criminal charges, saying that he will fight the charges with “every ounce of his spirit.” Source: https://cointelegraph.com/news/nyc-mayor-eric-adams-indicted-corruption-charges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Should You Play Ethereum Farming Game ‘Pixels’ If You Don’t Care About Crypto?
I’m not a crypto guy. I don’t have a wallet and I haven’t invested in Bitcoin, Ethereum, or any silly meme coins. And while I love video games and have written about them for years, the world of crypto gaming is uncharted territory for me. As such, Pixels—the Ethereum-based online farming game—is something new for me, though it immediately reminds…
Ethereum bulls and bears fight to win this week’s $2.8B ETH options expiry
Ethereum price showed strength in September, but data suggests holding above $2,600 will be a challenge. Source: https://cointelegraph.com/news/ethereum-bulls-and-bears-fight-to-win-this-week-s-2-8-b-eth-options-expiry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says
BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […] Source: https://news.bitcoin.com/brics-eyes-petroyuan-for-oil-trade-amid-dedollarization-push-expert-says/