Whales failed to bring BTC down
Bitcoin (BTC) managed to stay above $60,000, despite the whale sale earlier this month. On Monday night, November 7, the cryptocurrency price rose to $62,297.
The giants first pumped up the cryptocurrency to reach the highest values in its history, and then sold some of their reserves in BTC to make good money.
Bitcoin (BTC) managed to stay above $60,000, despite the whale sale earlier this month. On Monday night, November 7, the cryptocurrency price rose to $62,297.
The giants first pumped up the cryptocurrency to reach the highest values in its history, and then sold some of their reserves in BTC to make good money.
Sweden has proposed a ban on mining in the European Union.
Swedish regulators believe that cryptocurrency mining will prevent the country and the EU from complying with the Paris Agreement on climate change:
Officials claim mining digital assets already emits up to 120 million tons of carbon dioxide a year into the atmosphere. According to politicians, this could prevent the country and the EU from complying with the Paris Agreement on climate change.
Swedish regulators believe that cryptocurrency mining will prevent the country and the EU from complying with the Paris Agreement on climate change:
Officials claim mining digital assets already emits up to 120 million tons of carbon dioxide a year into the atmosphere. According to politicians, this could prevent the country and the EU from complying with the Paris Agreement on climate change.
Coinbase report: The number of crypto users in the world grew to more than 200 million in the first half of 2021 – the growth rate is constantly accelerating.
The curve of cryptocurrency adoption over the decade repeats the curve of Internet adoption.
The curve of cryptocurrency adoption over the decade repeats the curve of Internet adoption.
Twitter sets up crypto team to explore decentralised apps
The social media company has hired Tess Rinearson to lead the new Twitter Crypto team and “set the strategy for the future of crypto at (and on) Twitter”.
“We’re exploring ways to incorporate decentralised technologies into our products and infrastructure,” Twitter said, adding that it in the short term it was exploring payments, ways for people creating content to earn crypto, and the “decentralisation of social media”.
The social media company has hired Tess Rinearson to lead the new Twitter Crypto team and “set the strategy for the future of crypto at (and on) Twitter”.
“We’re exploring ways to incorporate decentralised technologies into our products and infrastructure,” Twitter said, adding that it in the short term it was exploring payments, ways for people creating content to earn crypto, and the “decentralisation of social media”.
💎 CryptoQuant analysts stated that the supply of ETH is no longer increasing after the London update.
So far, 850,000 ETH worth $4 billion have been burned. NFT marketplace OpenSea destroyed the most (98,100 ETH), transfers on the Ethereum network burned 81,000 ETH, and the Uniswap V2 exchange burned more than 72,000 ETH.
Alike Bitcoin, Ethereum is a scarce asset with limited supply now.
So far, 850,000 ETH worth $4 billion have been burned. NFT marketplace OpenSea destroyed the most (98,100 ETH), transfers on the Ethereum network burned 81,000 ETH, and the Uniswap V2 exchange burned more than 72,000 ETH.
Alike Bitcoin, Ethereum is a scarce asset with limited supply now.
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Currently, Bitcoin is worth $64.9 thousand, Ethereum is trading at $4.7 thousand, the price of Binance Coin is $632.
📈 Of the top 100 cryptocurrencies by capitalization, Decentraland showed the largest growth over the past 24 hours – 17%.
📉 IoTex has fallen the most in the last 24 hours – by 25%.
📈 Of the top 100 cryptocurrencies by capitalization, Decentraland showed the largest growth over the past 24 hours – 17%.
📉 IoTex has fallen the most in the last 24 hours – by 25%.
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🐶 Binance blocks user accounts due to an old Dogecoin network glitch
Some Binance clients have found negative Dogecoin balances in their accounts, with any withdrawals blocked as users are allegedly in arrears.
The essence of the problem lies in the fact that on November 10, as a result of a software update failure, the exchange replayed an unknown number of Dogecoin transactions made several years ago: when the coins went to the accounts of unidentified persons, Binance demanded the senders of the original transactions to pay the damages at the current rate and blocked the balances.
Most of the affected users reported that they were willing to cooperate with the exchange, but did not plan to give thousands and tens of thousands of dollars for other people's mistake.
Some Binance clients have found negative Dogecoin balances in their accounts, with any withdrawals blocked as users are allegedly in arrears.
The essence of the problem lies in the fact that on November 10, as a result of a software update failure, the exchange replayed an unknown number of Dogecoin transactions made several years ago: when the coins went to the accounts of unidentified persons, Binance demanded the senders of the original transactions to pay the damages at the current rate and blocked the balances.
Most of the affected users reported that they were willing to cooperate with the exchange, but did not plan to give thousands and tens of thousands of dollars for other people's mistake.
Binance
Temporary DOGE Network Withdrawal Suspension | Binance Support
Fellow Binancians,
Thank you for your patience as we continue to resolve the issue that occurred with DOGE network withdrawals after the version update on 2021-11-10. DOGE network withdrawals continu
Thank you for your patience as we continue to resolve the issue that occurred with DOGE network withdrawals after the version update on 2021-11-10. DOGE network withdrawals continu
👨💻 Indian hacker claimed responsibility for breaking into BTC-e and Bitfinex
A resident of the state of Karnataka has testified about his involvement in the hacking of several popular online services, including the Bitfinex and BTC-e crypto exchanges.
In May 2015, taking advantage of a bug in the Bitfinex data center, Srikrishna Ramesh rebooted the server, reset the root password, logged in, reset the server password to withdraw funds, and transferred 1,500 BTC to his wallet.
The hacker also admitted that he stole $3.5 million from BTC-e exchange and 100 BTC from Bitclub Network service, all money he spent for his luxurious life.
A resident of the state of Karnataka has testified about his involvement in the hacking of several popular online services, including the Bitfinex and BTC-e crypto exchanges.
In May 2015, taking advantage of a bug in the Bitfinex data center, Srikrishna Ramesh rebooted the server, reset the root password, logged in, reset the server password to withdraw funds, and transferred 1,500 BTC to his wallet.
The hacker also admitted that he stole $3.5 million from BTC-e exchange and 100 BTC from Bitclub Network service, all money he spent for his luxurious life.
India Today
1st person to crack Bitfinex, multiple hacking scams: Karnataka hacker's tell-all statement to police | Exclusive
The prime accused in the Karnataka Bitcoin scam, Srikrishna Ramesh alias Sriki, has told the police that he was the first to hack into Hong Kong-based Bitfinex. He said it was his first significant bitcoin exchange hack. He was involved in multiple international…
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Litecoin gained more than 30% in a week
Compared to the September lows, the value of LTC has doubled. Over the last week, the cryptocurrency capitalization increased by 31%, and now it exceeds $18.074 billion.
According to BitinfoCharts, the average daily number of transactions on the blockchain exceeded 148,000. Interest in the altcoin in social networks has been growing in recent weeks, which also creates conditions for the strengthening of the LTC exchange rate, the Santiment team predicts.
Compared to the September lows, the value of LTC has doubled. Over the last week, the cryptocurrency capitalization increased by 31%, and now it exceeds $18.074 billion.
According to BitinfoCharts, the average daily number of transactions on the blockchain exceeded 148,000. Interest in the altcoin in social networks has been growing in recent weeks, which also creates conditions for the strengthening of the LTC exchange rate, the Santiment team predicts.
🧬 Taproot update activated on Bitcoin network
Taproot is one of the most important protocol updates to the Bitcoin network since SegWit in 2017, which includes:
— Schnorr signatures, a digital signature scheme that will improve the privacy and scalability of the first cryptocurrency's network. The Schnorr scheme will replace the current ECDSA.
— The Merkelized Abstract Syntax Trees (MAST) will also improve scalability and privacy by separating smart contracts into distinct parts, reducing the data size in a block and verifying ownership of those separated parts of the smart contract by example of any one hash in the tree.
— P2SH (Pay-to-Script Hash) is a multi-signature technology that reduces the load on the first cryptocurrency infrastructure in terms of data storage.
Among other things, Taproot is to ease future Bitcoin updates by reforming the scripting language it uses.
Taproot is one of the most important protocol updates to the Bitcoin network since SegWit in 2017, which includes:
— Schnorr signatures, a digital signature scheme that will improve the privacy and scalability of the first cryptocurrency's network. The Schnorr scheme will replace the current ECDSA.
— The Merkelized Abstract Syntax Trees (MAST) will also improve scalability and privacy by separating smart contracts into distinct parts, reducing the data size in a block and verifying ownership of those separated parts of the smart contract by example of any one hash in the tree.
— P2SH (Pay-to-Script Hash) is a multi-signature technology that reduces the load on the first cryptocurrency infrastructure in terms of data storage.
Among other things, Taproot is to ease future Bitcoin updates by reforming the scripting language it uses.
At the end of last week, the Securities and Exchange Commission (SEC) refused to approve an application to launch a spot bitcoin ETF.
The application was sent by Van Eck, it expected to present an exchange-based cryptophone focused on BTC. This tool would provide institutional investors with another channel to enter the cryptosphere.
The leading digital currency did not react in any way to the refusal of the American regulator. On the night of Monday, November 15, bitcoin is trading just above $64,000. The capitalization of BTC now stands at $1.212 trillion.
The application was sent by Van Eck, it expected to present an exchange-based cryptophone focused on BTC. This tool would provide institutional investors with another channel to enter the cryptosphere.
The leading digital currency did not react in any way to the refusal of the American regulator. On the night of Monday, November 15, bitcoin is trading just above $64,000. The capitalization of BTC now stands at $1.212 trillion.
📈 Bitcoin is going up forever, and the supply of gold is ever-increasing
MicroStrategy CEO Michael Saylor believes that Bitcoin will continue to become more and more valuable if governments around the world continue with inflationary fiscal policies, and the first cryptocurrency is going up forever due to a limited supply of 21 million BTC, which cannot increase regardless of demand and price.
Saylor also refuted people's perceptions of a gold shortage, saying that the supply of precious metal is increasing in both physical and paper form:
"Gold is increasing in supply at 2% a year in the physical regime. Bankers can rehypothecate gold and they can print 100 ounces of paper gold for every real ounce of gold"
MicroStrategy CEO Michael Saylor believes that Bitcoin will continue to become more and more valuable if governments around the world continue with inflationary fiscal policies, and the first cryptocurrency is going up forever due to a limited supply of 21 million BTC, which cannot increase regardless of demand and price.
Saylor also refuted people's perceptions of a gold shortage, saying that the supply of precious metal is increasing in both physical and paper form:
"Gold is increasing in supply at 2% a year in the physical regime. Bankers can rehypothecate gold and they can print 100 ounces of paper gold for every real ounce of gold"
🇺🇸 Joe Biden signed the $1 trillion Infrastructure Bill into law with new regulations for cryptocurrencies.
The new legislation introduces stricter rules for cryptocurrency companies and expands reporting requirements for crypto exchanges — all transactions of digital assets over $10,000 must be reported to the IRS.
"Together with the infrastructure bill, millions of lives will be changed for the better," Biden.
The crypto market has lost more than 7% against this backdrop.
The new legislation introduces stricter rules for cryptocurrency companies and expands reporting requirements for crypto exchanges — all transactions of digital assets over $10,000 must be reported to the IRS.
"Together with the infrastructure bill, millions of lives will be changed for the better," Biden.
The crypto market has lost more than 7% against this backdrop.
⚡️ 10 fundamental rights for crypto users
Binance called on regulators to create unified rules for the crypto market and published its own vision for legal control of digital assets
Binance called on regulators to create unified rules for the crypto market and published its own vision for legal control of digital assets