NEWS: 💰 U.S spot #Bitcoin ETFs have bought over $750mn worth of bitcoin in the last 8 days 🔥
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JUST IN: 🇺🇸Donald Trump says he will make the United States the "crypto capital of the planet" if elected president.
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JUST IN: 🇫🇷 Pavel Durov officially released from custody and is out on €5,000,000 bail.
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Justin Sun has called for a DAO to support Pavel Durov and is personally ready to donate $1,000,000.
.“Telegram is critical to the freedom of communication and privacy of billions of people. I hope it will soon receive legal freedom and provide a legal way to protect the rights of users.”
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💡💡💡: Toncoin $TON falls 13% following Telegram founder Pavel Durov's arrest in France.
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BREAKING: Telegram founder Pavel Durov arrested in France 🇫🇷
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The Proof of Capacity (PoC)
Meet Proof of Capacity (PoC), a revolutionary consensus mechanism that’s reshaping the cryptocurrency mining landscape. Unlike the traditional Proof of Work (PoW) and Proof of Stake (PoS) methods, PoC utilizes storage capacity to validate transactions and secure blockchain networks, offering a greener and more accessible alternative.
Here's how it works : In PoC, miners allocate storage space to create plots filled with pre-computed solutions to cryptographic challenges. When the network needs a new block, miners quickly scan their plots to find a solution that fits the network’s difficulty criteria. The first miner to identify the correct solution is rewarded with coins and transaction fees.
PoC’s major advantage over PoW is its energy efficiency. Instead of relying on raw computational power, PoC depends on available storage space, drastically reducing energy consumption and environmental impact. Plus, PoC doesn’t require specialized hardware like ASICs, making mining more accessible to individuals.
Cryptocurrencies like Burst and Chia are leading the way with PoC, creating more sustainable and decentralized mining ecosystems. By leveraging storage capacity, PoC not only reduces energy usage but also fosters a more inclusive and decentralized approach to cryptocurrency mining.
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JUST IN: 🇮🇹 Italian bank, Banca Sella now offers #Bitcoin trading service on its banking platform for its 1.2 Million citizens
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💰 Crypto analyst doubts Bitcoin dominance is ‘going back up’ to 70% again
Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024.
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🧡 The number of institutions investing in Bitcoin ETFs is growing - in the second quarter of 2024, 1,008 institutional institutions reported having investments in Bitcoin ETFs.
This is a 15% increase from the 874 in the first quarter.
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⚡️ USDC contactless payment feature to be integrated into iPhone - Circle CEO.
This feature will be implemented after the release of iOS 18.1 update.
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💰 Tether’s Q2 2024 attestation reveals they hold $4.7 billion in Bitcoin
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⚡️Trust Wallet have partnered with TON to make the TON and Telegram ecosystem more accessible to TrustWallet users.
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🇺🇸 The team of Kamala Harris, the U.S. presidential candidate who replaced Biden, has contacted representatives of Ripple, Circle and Coinbase with the intention of resetting the relationship and creating a regulatory framework for crypto.
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JUST IN: 🇧🇷 Brazil officially bans X (Twitter).
Brazil's Supreme Court says anyone caught using a VPN to access it will be fined up to $8,874 per day.
X/ Twitter's website has been ordered to be removed within 24 hours, and app stores have 5 days to remove the app.
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Blockchain and Ethereum will be taught in Argentina
The ETH Kipu Foundation announced a partnership with the Buenos Aires Ministry of Education. As part of the agreement, blockchain and Ethereum technology will be included in the high school curriculum of local schools.
The first course will begin as early as August 27, 2024. It also states that students will get not only theoretical but also practical experience.
In addition, work is underway on a project of a training course on Solidity programming language for creating dApps in the Ethereum ecosystem. It is an online program designed for 500 participants aged 18 and above.
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The UAE 🇦🇪 has formally requested the Government of the French Republic to urgently provide all necessary consular services to Emirati citizen Pavel Durov.
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🇷🇺 #Russia will start using cryptocurrency in international transactions on September 1.
Russia plans to test crypto payments as a way to escape Western sanctions.
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🇦🇪 Tether will launch a stablecoin pegged to the UAE dirham
Reportedly, each token will be fully backed by liquid reserves. Tether aims to obtain a license from the UAE Central Bank.
💲The stablecoin is being touted as an effective tool for transactions in dirhams—cross-border payments, trading, or simply diversifying digital assets.
🤝 The new asset will be launched in partnership with the technology conglomerate Phoenix Group and supported by Green Acorn Investments.
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💰 Bitcoin’s Market Dominance Grows, Sustained by Long-Term Holder Support
Stablecoins and altcoins are facing steep declines in their dominance, while Bitcoin strengthened its market position. According to Glassnode’s latest report, Bitcoin’s dominance has surged from 38% in November 2022 to a remarkable 56% of the entire digital asset market today. On the other hand, Ethereum, as the second-largest asset in the ecosystem, has experienced a 1.5% decrease in dominance, remaining largely unchanged over the last two years.
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🥇 At the moment, 94% of all possible bitcoins have already been mined - only 1 million 258 thousand 128 BTC remain to be mined.
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⚠️Forbes recommends to update Windows as a serious vulnerability has been discovered in the system that allows cryptocurrency theft.
Styx Stealer malware leaks user data such as cookies, credentials, messenger messages, etc. to hackers.
Crypto is stolen during transactions by replacing the original wallet with the attacker's wallet. The script is written for 9 cryptocurrencies: BTC, ETH, XMR, XLM, XLM, XRP, LTC, NEC, BCH and DASH.
Due to a serious security vulnerability in Microsoft Windows Defender, the malware executes the scripts on a third-party PC without any warning from the antivirus.
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💰 South Korea's National Pension Service, the world's third-largest public pension fund, has purchased $34 million worth of MicroStrategy shares, further increasing its exposure to Bitcoin.
The fund now holds significant stakes in other crypto-related companies, including Coinbase, Roblox, and Block.
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📈 A surge in stablecoin issuance, with over $2.5 billion minted by Tether and Circle recently, could trigger the next Bitcoin rally, according to 10x Research.
If this trend continues, it might provide the necessary momentum for Bitcoin to break above key resistance levels.
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🇦🇪 UAE residents can now trade crypto directly from their bank accounts
The new integration allows direct conversion of UAE dirhams to bitcoin and ether using the M2 crypto exchange spot market.
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💲Tether will soon launch a new open source project that will be an important layer of their futuristic ecosystem - Tether CEO.
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