2021-11-01 19:36 Monday
Ethereum network's hashrate is 685,681.49 GH/s,mining difficulty is 9,294.46T

According to data from eth.btc.com,ethereum network's hashrate is685,681.49 GH/s,mining difficulty is9,294.46T. ETH's price :$ 3,381.46 Avg Gas Price:70.00Gwei Pending Txs :120093

2021-11-01 19:36 Monday
Ethereum network's hashrate is 681,634.12 GH/s,mining difficulty is 9,243.95T

According to data from eth.btc.com,ethereum network's hashrate is681,634.12 GH/s,mining difficulty is9,243.95T. ETH's price :$ 3,391.13 Avg Gas Price:385.00Gwei Pending Txs :127713

2021-11-01 19:36 Monday
Korean crypto exchange Upbit to halt withdrawals for unverified users

South Korean cryptocurrency exchange Upbit will soon halt services for unverified users. On Saturday, the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money Laundering (AML) requirements. According to the announcement, Upbit will start gradually limiting services for unverified users this week, restricting unverified customers from transacting more than 1 million Korean won ($850) at a time, effective Wednesday, Oct. 6.

2021-11-01 19:35 Monday
Bitcoin got stronger despite government crackdowns, says Edward Snowden

Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world. Tweeting on Sunday, the former United States Central Intelligence Agency agent stated that Bitcoin has gotten stronger on the back of government bans and anti-crypto policies. Snowden’s tweet referenced remarks made back on March 13, 2020, amid the throes of the Black Thursday decline that saw crypto and equity markets tank amid fears of the coronavirus pandemic.

2021-11-01 19:35 Monday
Silvergate Bank issues $100M credit line to mining firm Marathon Digital

Marathon Digital Holdings, a United States-based crypto mining company, has secured a $100 million revolving line of credit with Silvergate Bank using USD and Bitcoin. According to information provided by Marathon Digital, the mining firm obtained the $100 million credit line from the crypto-friendly bank on Friday. The company will use the credit to purchase Bitcoin (BTC) mining equipment and fund its mining operations. Marathon Digital said it expects Silvergate to renew the revolving line of credit annually after the initial one-year arrangement. In addition, Marathon Digital reported it had produced more than 1,252 BTC — roughly $59.5 million at the time of publication — during the third quarter of 2021, with 340.6 BTC minted in September alone— a 91% increase over Q2. The increase in Bitcoin production follows the firm acquisition of 26,960 ASIC mining machines from Bitmain, with an additional 8,459 miners expected soon. Its current operations produce a hashrate of roughly 2.7 EH/s.

2021-11-01 19:35 Monday
Institutional bulls back Bitcoin after weeks of altcoin accumulation

Institutional investors are pivoting back to digital gold with Bitcoin (BTC) investment products posting a third consecutive week of inflows. According to CoinShares’ latest Digital Asset Fund Flows Weekly report, BTC investment products generated $68.7 million worth of inflows between Sept. 27 and Oct. 1, representing a 36% increase in exposure week-over-week. While products tracking BTC have now dominated inflows to digital asset products for two weeks in a row, the bullish turn comes fresh off a record streak of outflows that persisted for eight consecutive weeks until early September.

2021-11-01 19:35 Monday
Colin McRae’s long-lost rally car reportedly sold for Bitcoin at auction

Bitcoin (BTC) adoption is growing in the auction world, where privacy is a key concern. An anonymous buyer purchased a legendary rally car driven by iconic rally figures Colin McRae and Carlos Sainz, which was thought to be long-lost in an auction for half a million Australian dollars ($360,000) and reportedly used Bitcoin as a payment method. Australian auction house Lloyds Auctions announced that the 1994 Subaru Prodrive 555 Group A World Rally Championship Car had been found in a barn, covered in dust, in the Victoria state of Australia. The car was originally thought to be valued at 15,000–20,000 Australian dollars ($10,900–$14,500). But a six-month investigation from the International Classic Automobile Authentication and Rating System (ICAARS) revealed that “it may well be worth more than $1 million [$725,000].”

2021-11-01 19:35 Monday
Brazil aims to tighten penalties for crypto-related financial crimes

Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto. Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties for financial crimes that employ cryptocurrencies like Bitcoin (BTC), according to an official announcement on Wednesday. The latest regulatory amendments are part of bill 2303/15, increasing the size of the fines from one-third of the amount of laundered money to two-thirds. The bill also proposes to raise minimum prison terms from three to four years, and increase maximum prison time from 10 years to 16 years and eight months, in addition to a fine.

2021-11-01 19:35 Monday
Judge rejects XRP hodlers' bid to join SEC against Ripple case as defendants

There has been another twist in the ongoing battle between distributed ledger technology firm Ripple and the U.S. Securities and Exchange Commission (SEC). On Monday, Oct. 4, U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. The determination comes after a number of XRP token holders aimed to file “friends of the court” briefs which would allow them to join the case as defendants and support Ripple in its claims that the token does not violate securities laws.

2021-11-01 19:35 Monday
Hong Kong exploring CBDC as part of fintech strategy

On Monday, the Hong Kong Monetary Authority (HKMA) released an official white paper exploring the potential of a retail-focused central bank digital currency (CBDC), the digital Hong Kong dollar (e-HKD). According to the document, the HKMA will seek to understand the “potential architectures and design options” from a technical and regulatory policy perspective, with the ambition of creating a dual-tier system — the first being designed for a “central bank to issue and redeem CBDC,” and the second being retail-centric for “commercial banks to distribute and circulate either rCBDC or CBDC-backed e-money.” Hong Kong debuted its investigation into CBDCs in 2017 with Project LionRock, and in early 2020, it embarked on a seven-month collaboration with the Bank of Thailand, prospecting the “potential of wholesale CBDC for cross-border payments.”

2021-11-01 19:35 Monday
Crypto transactions surge 706% in Asia as institutional adoption grows — Chainalysis

Emerging markets across Central and Southern Asia have registered a dramatic uptick in cryptocurrency transactions, highlighting a diverse range of motivations among locals for gaining exposure to digital assets such as Bitcoin (BTC) and Ether (ETH). New research from blockchain analytics firm Chainalysis finds that crypto transactions surged 706% in Central and Southern Asia and Oceania — a broad region that includes countries such as India, Pakistan and Vietnam — between July 2020 and June 2021. In dollar terms, the value of the transactions amounted to $572.5 billion, or 14% of the global transaction value. Institutional and large payments accounted for the highest percentage of transactions, offering further evidence of smart money adoption of cryptocurrency. This trend was most pronounced in India, where large institutional-sized transfers above $10 million represented 42% of transactions. For Vietnam and Pakistan, that figure was 29% and 28%, respectively.

2021-11-01 19:35 Monday
Hash rate and difficulty rebound shows miners have recovered from China exodus

Bitcoin mining operations are on the path to full recovery following the most dramatic short-term disruption in network history earlier this year, and miners are reaping the rewards in revenues.  In its Oct. 4 Week on Chain report, on-chain analytics provider Glassnode reports that Bitcoin hashrate has largely recovered despite 50% of the network’s hashing power going offline in May following China’s crackdown on the sector. Hash rate measures the total computational resources of a Proof-of-Work network. Glassnode asserts that both hash rate and mining difficulty — which measures competition among miners seeking to solve the network’s next block — are both on a “consistent path to recovery.” Cointelegraph reported that difficulty slumped by 28% in early July.

2021-11-01 19:35 Monday
Bitcoin moves past $49K as Facebook, Instagram and WhatsApp go down

Major social media and communication platforms Facebook, Instagram and WhatsApp went offline Monday as the price of Bitcoin and other cryptocurrencies surged. As data from Cointelegraph Markets Pro shows, Bitcoin (BTC) price moved above $49,000 after falling to a daily low of $47,166, an increase of roughly 4.5% in less than two hours. Similarly, the price of Ether (ETH) rose 3.5% over the same period to reach $3,411 at the time of publication. The sudden price volatility comes as major social media platform Facebook, photo and video sharing app Instagram, and messenger app WhatsApp — both owned by Facebook — went down at approximately 3:16 pm UTC on Oct. 4. According to Facebook's communications team, which communicated through Twitter, the company was “working to get things back to normal as quickly as possible.”

2021-11-01 19:35 Monday
BitOasis crypto exchange to help Dubai Police spread fraud awareness

BitOasis, a cryptocurrency exchange from the United Arab Emirates, has partnered with the Dubai Police Force to raise awareness about frauds related to crypto investment and trades. The exchange’s partnership with the Dubai Police is intended to help build regulations that will make crypto safe for investors in the region, BitOasis CEO Ola Doudin said. Speaking to Cointelegraph, Doudin stated: The move to safeguard investors coincides with UAE regulators’ decision to approve crypto trading within Dubai’s DWTCA free zone on Sept. 23. On the same day, BitOasis announced it was linking its services with GoAML, a surveillance platform built and operated by the UAE Financial Intelligence Unit, for reporting suspicious transactions.

2021-11-01 19:35 Monday
DeFi security project 'Lossless' helps recover $16.7M from Cream Finance hack

Lossless, a decentralized finance (DeFi) security outfit, has assisted in the recovery of 5,152.6 Ether (ETH) siphoned during the Cream Finance exploit that occurred in August. Tweeting on Monday, Lossless identified white hat security expert Pascal Caversaccio as being pivotal to the successful recovery of the siphoned funds. As previously reported by Cointelegraph, DeFi lending protocol, Cream Finance suffered a flash loan attack to the tune of $19 million in ETH and Amp tokens back in August. Following the exploit, Cream stated that it would repay the siphoned funds via fees collected on the protocol to compensate affected users.

2021-11-01 19:35 Monday
Valued at $4.3B, NFT platform Sorare to invest in women’s sports

Following a $680-million funding round, nonfungible token (NFT) marketplace Sorare is looking to be an active player in bridging the gap between sports and digital entertainment. Now valued at $4.3 billion, Sorare told Cointelegraph that the company plans to use the fresh capital to expand its business with new hires and partnerships, as well as support community-led programs. Besides working with community-led football programs aimed at helping young people from disadvantaged backgrounds and backing underprivileged entrepreneurs in sports and gaming, Sorare CEO Nicolas Julia explained via email that the NFT unicorn would also support female representation in sports. He said:

2021-11-01 19:35 Monday
Tweet mocking how little value NFTs have ... is turned into $5K NFT

Twitter user Lauren Walker tweeted a message claiming she was “stealing” nonfungible tokens, only to have crypto-Twitter turn around and mint her words into a token listing for thousands of dollars. In an Oct. 2 post on Twitter, Walker mockingly said her current collection of nonfungible tokens, or NFTs, was valued at more than $8 trillion given that she claimed she has right-clicked on the images and saved them to her drive. The message ignores the verifiable scarcity underpinning tokenizing images and artwork, but Walker said she had “a real job” and dismissed criticism from the community. i have stolen over 4 terabytes of NFTs via the little known hacker technique known as "right click -> save as". my collection has a net estimated value of over 8 trillion dollars

2021-11-01 19:35 Monday
Ethereum network's hashrate is 703,017.87 GH/s,mining difficulty is 9,532.45T

According to data from eth.btc.com,ethereum network's hashrate is703,017.87 GH/s,mining difficulty is9,532.45T. ETH's price :$ 3,502.71 Avg Gas Price:230.00Gwei Pending Txs :131828

2021-11-01 19:35 Monday
CoinMarketCap to integrate crypto price data into Presearch

Crypto data provider CoinMarketCap continues expanding its reach by integrating its crypto price data into Presearch, a major decentralized search engine. CoinMarketCap has partnered with Presearch to provide its data feeds to the search engine, allowing users to see CoinMarketCap price data directly on Presearch, according to a Tuesday announcement shared with Cointelegraph. With the partnership, Presearch’s 2.4 million registered users will instantly see a CoinMarketCap-provided overview for any crypto-related term on the engine, including prices, daily volumes, a market capitalization, circulating supply and total supply.

2021-11-01 19:35 Monday
Robinhood launches 24/7 phone support, crypto users included

Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments.  Users of the app will now be able to speak with a live customer service representative 24 hours a day, seven days a week, regardless of holidays. The company said the 24/7 support line is part of a broader effort to expand reliability and accessibility, as well as answer time-sensitive requests from its customers. To access the service, users can request a call through the Robinhood app and receive a notification when they are next in line for a phone conversation. A Robinhood representative will then initiate the call.

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