Ethereum's new testnet Holesky goes live Holesky was supposed to go live on September 15 (Merge Date), but it did not happen, it went live on September 29th on second attempt, thus it iscalled Holesky 2.0. **The Goerli testnet has been replaced** Actually, Goerli was not a testnet but a hackathon project developed by Protocol Berg in August last year. Goerli was the first proof-of-authority that became popular due to its permissionless validator set. Now Holesky has replaced…
@Yugocean in October 2023
First Geothermal Powered Bitcoin Mining Lava Pool launched in El Salvador There are government efforts to mine Bitcoin through geothermal energy in El Salvador, and now the mining industry has also joined in with Lava Pool. **What is lava pool?** The "Lava Pool" is a Bitcoin mining pool, the first mining pool in the bitcoin country of El Salvador, as well as an initiative mining pool powered by renewable geothermal energy. Lava Pool has been jointly launched by Volcano…
Bitcoin value and situation Bitcoin's value is prone to swings; while cryptocurrency sceptics mock it, advocates remain steadfast. **The Price is Right** Although the price of bitcoin has been moving for some time, its movement level oscillates between $26k and $29k levels. It is currently only profitable for day traders and short-term traders; it is still too early for hodlers and long-term traders. **Still Buy the Dip** When discussing Bitcoin, Bitcoin maximalists predict…
New UK crypto regulations weigh heavily on the crypto industry The UK's new regulations have come into force, and the crypto industry in Britain has started bearing heat. **FCA issued a warning** The Financial Conduct Authority (FCA), the UK's financial watchdog, has mow warned the crypto industry after imposing new regulations that have hit 149 firms, including HTX, Kucoin, ByBit, Bitmex, etc. **The crypto industry will change** Some platforms, such as OKX, Binance etc have…
Crypto Exchanges caught in Israel v Hamas war Crypto is established as an economic technology; the situation is such that it has also started being used in war, and exchanges are becoming its carriers. **Hamas, Exchange, and Dispute** Hamas is using crypto via the centralised exchanges Poloniex, Huobi, Binance, Bitfinex (Tether), Bittrex, and CEXIO. Now, all the exchanges are under pressure; if they take action, then the Muslim parties will get angry; if they do not, then…
Stars Arena recovers funds from the hacker with controversial WhiteHat deal Avalanche-based SocialFi Stars Arena has reached a settlement with the hacker who drained AVAX worth $3 million from the platform on October 7. **Hacker returns assets** On October 8, Stars Arena set up a special white-hat development team to find a solution. It seems that the platform had reached an agreement with the hacker, which is why it was ready to make a deal, and it also moved its assets to…
Madeira to become European Bitcoin hub At the Bitcoin conference taking place in Amsterdam (second day), the President of Madeira has announced his welcome to everything related to Bitcoin. **About President Albuquerque and Madeira** It is important for the crypto world to know about President Miguel Albuquerque and Madeira. President Albuquerque's full name is Miguel Filipe Machado de Albuquerque. He has been the President of Madeira since 2015. Madeira is not a country; it…
Justin Sun becomes the largest individual ETH HODLer Trackers claim that Torn blockchain creator Justin Sun is the largest individual ETH holder at the moment. **Justin left Vitalik behind** Until now, ETH founder Vitalik Buterin was considered the largest hodler with 240k ETH, but Justin Sun has over 280k ETH staked in Lido Finance itself. With such huge ETH assets, Justin Sun has become the largest individual ETH hodler, surpassing Vitalik Buterin. **Source of Justin Sun's…
Fake spot ETF approval news played with BTC price What rumours don't flourish? This time the rumour about the approval of BlackRock iSHARES Spot BTC ETF played with the price of Bitcoin. **The Rumour that was believed** Crypto news provider Cointelegraph reported the approval of BlackRock's iSHARES Spot BTC ETF by the US SEC, although there was no news accompanying it. Cointelegraph is a big name in crypto news, so its information was considered a reliable source, and that…
Fantom Foundation wallets drained by hackers Hacker(s) emptied multiple wallets of Fantom Foundation through the Chrome zero-day flaw; the hacker(s) are now under trace. **Fantom Wallets Drained** The hacker(s) emptied Fantom's multiple token wallets, Fantom Token $FTM Wallet 1, 16, 19, and Ethereum $ETH Wallet 18, 20. According to information from tracker Certik, the hacked tokens were worth of $7 millions. **People claim Fantom is guilty** Fantom is being blamed for this…
Anti-crypto lawmakers call for tighter crypto laws on the excuse of Hamas The Israel v Hamas war is used by anti-crypto lawmakers like Elizabeth Warren, Brian Nelson, etc. to increase pressure against crypto. **Anti Crypto Lawmakers wrote to Biden** Over a hundred US Democrat lawmakers have stated that crypto was used by the terrorist organisation Hamas to raise funds. This anti-crypto lobby went too far; it has written to Biden that cryptocurrency poses a threat to the…
SEC has withdrawn the famous Ripple case The US Securities and Exchange Commission has withdrawn its lawsuit against Ripple and its officials, making Ripple the winner. **Surrendered to Ripple** Ripple miraculously won its three-year legal battle with the SEC; the SEC's appeal against this decision was also rejected. So SEC had nothing; some people are calling it a settlement between the SEC and Ripple, but according to Ripple, it is SEC's surrender. **Fear of Authority is…
Bitcoin Politics Hitting United States US politics has revolved around Biden since the time of the Israel war, but slowly it is moving to Bitcoin too. **Bukele's Old Interview Strikes US** During an interview last year with Tucker Carlson on El Salvador's deteriorating relations with the US over Bitcoin, Nayib Bukele claimed that the destruction of the USA is coming from within, and people from the third world do not want to live in the US. **US crypto Industry is alert on…
Dogecoin hits as Dogefather Musk hints The crypto world's first memecoin, DOGE, has become bullish with a slight hint from Elon Musk. **Binance: Yes on X** X (Twitter) posted "Ready for it," and Binance replied "Yes," although it was not clear. There was a lot of speculation on this, but people got a hint that Musk might now accept Dogecoin on X. That is why the crypto platform is saying yes without knowing.…
Justin Sun Rewarded at Blockchain Life 2023 Tron founder and controversy-led Justin Sun was honoured at Blockchain Life 2023, founded by crypto entrepreneur Sergei Khitrov. **Big Honour for Justin** Blockchain Life, is an event for the stalwarts of the crypto world. The 2023 event was held on October 24–25 in Dubai, where Justin Sun was honoured with the Crypto Entrepreneur of the Year award and HTX was awarded the Crypto Exchange of the Year award. **Many find it…
Pro Crypto US senator wants to sue Binance & Tether The demand by a US senator to initiate criminal proceedings against Binance and Tether has generated new controversy in the crypto world. **What is the matter?** US Senator Cynthia Lummis has urged the US Justice Department to initiate criminal proceedings against Binance and Tether for letting Hamas use crypto, citing reports by the Wall Street Journal and the Financial Times. **Controversy in the crypto world** Cynthia…
BitcoinSpot ETFs: Importance, Controversy, and Preparation Bitcoin Spot ETF is currently an important scheme for both the business world and the crypto world, so there is a situation of finance over it. **Why are Bitcoin Spot ETFs important?** Investors in Bitcoin Spot ETFs HODL actual Bitcoins instead of trading, this ensure ETFs to reflect Bitcoin’s spot price. This differs from Bitcoin Futures ETFs, in which investors hold futures contracts related to Bitcoin. This…
Ethereum's bull run is near The recent Bitcoin bull run has given Bitcoin some stability at the $34k level; now an Ethereum bull run looks likely. **Whales are interested in Ethereum** The rise in Ethereum often exceeds the rise in Bitcoin; at this time, some whales are increasing interest in Ethereum. Trackers have found that some whales are investing heavily in Ethereum, leading analysts to speculate on bull prospects in Ethereum. **Shadow Ethereum in Altcoin** Although…