Mining News
- Bitcoin mining difficulty reached a new all-time high of 55.62 T, with a 6.17% increase.
- The average hashrate also reached its highest point of 397.74 EH/s.
Web3 News
- Unstoppable Domains launched Unstoppable Messaging, a Web3-native messaging network.
- Users can connect with friends, stay updated on projects, and foster communities through decentralized, end-to-end encrypted messaging.
- Soon, dapps and businesses will be able to use Unstoppable Messaging to send messages.
Exchange News
- Binance.US partnered with MoonPay to allow customers to convert USD into crypto after suspending dollar deposits.
- Customers can buy tether (USDT) using various payment methods and then convert it into cryptocurrency.
- Binance launched Binance Pay in Brazil, offering a new alternative for payment to local merchants.
Security News
- The FBI identified six Bitcoin wallets linked to the North Korean hacking group Lazarus.
- The hackers moved over BTC 1,580 into these wallets, worth more than $40 million.
- The FBI aims to combat the DPRK’s illicit activities, including cybercrime and virtual currency theft.
Investment News
- Maple Finance closed a $5 million strategic investment round led by Blocktower Capital and Tioga Capital.
- The funds will support Maple Finance’s expansion in Asia, where there is regulatory support and heavy trading focus.
CBDC News
- Australia’s decision on a central bank digital currency (CBDC) is likely years away.
- Exploring CBDC use cases raised legal, regulatory, technical, and operational issues that require further analysis.
- Non-functional requirements like performance, scalability, and security will also be considered in future research.
Legal News
- A group of investors launched a class action against Atomic Wallet, which suffered a breach resulting in over $100 million in losses.
- The class action is coordinated by German lawyer Max Gutbrod and Moscow firm Destra Legal’s co-founder Boris Feldman.
- About 50 clients, with losses ranging from $150,000 to $2 million, are represented in the class action.
Hot Take
The crypto industry continues to experience significant developments across mining, Web3, exchanges, security, investments, CBDCs, and legal matters. The increasing mining difficulty and hashrate of Bitcoin highlight the growing competition and power of the network. The launch of Unstoppable Messaging brings decentralized communication to Web3 users, enhancing connectivity and community-building. Partnerships and expansions by Binance and Maple Finance demonstrate the ongoing growth and adoption of crypto in various regions. Additionally, the FBI’s identification of Bitcoin wallets linked to a North Korean hacking group emphasizes the importance of security measures in the crypto space. The industry’s progress and challenges indicate its resilience and potential for further innovation in the future.
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