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Official newscryp.to channel Only last news about bitcoin, blockchain, decentralization and crypto currencies! @CryptoNews
FriendTech, the Web3 social network which surged in activity one year ago, has been effectively shuttered after its developers renounced control over its smart contracts. A revival of the platform now seems unlikely as the contract ownership revocation prevents its takeover by a new team interested in adding features to the social platform. TheBlock
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“You buy and HODL #Bitcoin. Keep those diamond hands.”
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JUST IN: 🇺🇸 Donald Trump says he will charge a 100% tariff on countries shifting away from the US Dollar, if elected President.
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NEW: 🇺🇸 A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin over the next 18 months 👀
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FUN FACT: 🇸🇻 El Salvador adopted #Bitcoin as legal tender 3 years ago today 🙌
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Tether diversifies with a $100M investment in an agriculture firm, expanding beyond AI, Bitcoin mining, and digital education as stablecoin competition intensifies. - CoinTelegraph
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🟠 Giant #Bitcoin logo projected in the German Parliament 🇩🇪
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GREG FOSS: 🟠 “Bitcoin is being traded as a risk asset, when in fact #btc is “protection” or insurance.” 💪
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USDT issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments into the agriculture and food sectors. Adecoagro is a major milk producer in Argentina and manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. — link
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The chairman of the Russian Industrial Mining Association said that miners based in Russia mined about 54,000 bitcoins (worth more than $3 billion) in 2023, generating about 50 billion rubles (about $556 million) in tax revenue for the Russian government. Russian President Vladimir Putin has just signed a law that will legalize cryptocurrency mining from November. — link
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The Penpie hacker has deposited the last 1,661 ETH into Tornado Cash today. This means that the $27 million in assets (about 11,261 ETH) stolen from Penpie by the Penpie hacker have all been transferred through Tornado. Penpie had earlier told the hacker that it was willing to negotiate a bounty to return the funds safely, offer the opportunity to become a white hat, and would not take any legal action. But the hacker seemed to ignore it. — link
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Friend.tech assigns 0x000 as admin and owner of contracts. Is this the end? - 𝕏/@friendtech
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🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.
Germany selling 50k #BTC "was something very, very upsetting." 👀
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It's easy to point fingers and say "he was lucky!" but who's willing to buy Bitcoin at 52k after having bought at 73k and hodling for 8+ years?
Food for thought.
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“THIS IS THE WORST #BITCOIN CYCLE EVER!” 😭
NOPE!
• In 2016, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was struggling near the red-line floor/support. This was a worse scenario.
• In 2020, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was between green-line linear-regression and red-line floor/support. Same as today.
• Today, in 2024, 20,200 ₿itcoin ₿locks after the halving, just like in 2020, ₿itcoin is between green-line linear-regression and red-line floor/support.
By John Osterman
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Following up on our earlier story,
Friend.Tech, once a leading Web3 social network, shuts down after developers renounce control over its smart contracts following a lackluster airdrop and Version 2 launch. - The Block
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Crypto industry faces internal divide over strategy for influencing the 2024 U.S. elections. - Politico
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Polymarket is rumored to launch a token, sparking speculation and prompting traders to farm for a potential airdrop as its crypto prediction market rises in popularity. - decrypt.co
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Sony Bank partners with Startale Labs to develop a Japanese yen-pegged stablecoin, leveraging blockchain technology through its Soneium network, positioning Sony as a key player in Japan's digital economy and Web3 innovation. - 𝕏/@neurolauncher
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Multicoin partner Kyle Samani said that interoperability issues have a direct impact on Ethereum's price performance. Many users are frustrated with cross-chain operations. Vitalik needs to promote the establishment of an interoperability standard so that all Layer 2 projects can reach a consensus. — link
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Opinion: Travis Kling: Why Crypto is experiencing Pervasive Quiet Quitting
The crypto community has lost momentum, enthusiasm, and faith in the potential of crypto projects to solve real-world problems and gain widespread adoption. VCs continue to sell off projects that have no use to retail investors at huge profits. Bitcoin and stablecoins have found their niche, while other cryptocurrencies are lost in the ocean. Read more — link
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Catizen, a TON mini-game invested by Binance, claims to have 34 million users in the six months since its launch and to be ranked first in revenue among all Telegram applications, with 800,000 paying users and an ARPPU of $33. The above data may be mainly driven by the volume of airdrops. — link
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Justin Drake of the Ethereum Foundation said in an AMA that unless ETH actually becomes the programmable currency of the Internet, Ethereum cannot become the settlement layer of the value Internet. In addition, he believes that global lottery will become a readily available application on Ethereum based on verifiable randomness, with a commission close to free (the government usually takes 50%). — link
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Treasury Secretary Janet Yellen said that she believes the U.S. economy is healthy and that recent months of cooler jobs data is a signal of a soft landing, not a recession. Yellen said the U.S. is not seeing meaningful layoffs and the economy is “deep into a recovery.” — link
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JACK MALLERS: 🟠 Bitcoin is the exit door, a way to protect yourself from government-induced currency debasement." 💯
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🟠 Bitcoin will unite a deeply divided country - and eventually the world 🌎
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NFT marketplace Magic Eden’s daily volume has recently surged from $1 million to an average of $30 million, and peaked at $60 million. The surge in volume is related to Magic Eden’s upcoming utility token, ME. Magic Eden has an 80% market share in Bitcoin Ordinals and Runes trading. — link
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“The longest most honest decentralized and secure chain wins overtime.”
- Jeff Booth on #Bitcoin
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