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2024-05-04

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Why the Israel-Gaza War Makes Bitcoin a Good Bet It was a period in which Meta’s Reality Labs division lost $13.72 billion, followed by another $3.99 billion in first quarter of 2023. The jobs of staff in that unit now appear under threat. Horizon Worlds — Meta’s virtual realm — has struggled to generate any kind of traction, although it is responsible for some pretty memorable memes. Virtual Currency Overview-Support-TapjoyFTX Attacker Moves Stolen Funds via Threshold as THORSwap Temporarily Suspends Services Source: Vladimir/AdobeMore Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year.Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s] operator, the Central Bank.”The move will see the Rostov-on-Don-based bank join a “second group of banks” that will let clients use the coin in real-world scenarios.Rostov-on-Don, Russia. (Source: Alexxx1979 [CC BY-SA 4.0])This group, the media outlet wrote, is now “preparing systems and protocols” to “test operations with the digital ruble.”A “first batch” of Russian banks, including heavyweights like VTB, began piloting the coin with 600 of their clients and employees in 11 cities nationwide in August.Since then, the Moscow Metro has begun accepting digital ruble payments.The “first batch” of 13 banks also includes the likes of Rosbank.But – crucially – the Cental Bank was dealt a blow when Sberbank pulled out just prior to the CBDC pilot launch.Sberbank is arguably Russia’s biggest bank, and its parent company is one of the nation’s most powerful and lucrative firms.There are currently no indications that Sberbank will request to join the second group of banks, with the financial institution remaining tight-lipped about its CBDC intentions.Russian Digital Ruble: New Influx of Banks to Join PilotThe Center-Bank move is significant due to the bank’s nature.A branch of the Russian bank Center-Bank in Volgograd, Russia. (Source: Redboston [CC BY-SA 4.0])While Center-Bank is not strictly a regional bank, it is headquartered outside the Russian capital.The financial institution caters mostly to Southern Russian customers and firms.This could be an indication that Russia may look to follow the Chinese CBDC playbook.In China, larger state-run banks were the first to join the digital yuan pilot, followed at a later date by regional banks.The identity of the rest of the second batch of banks is still yet to be officially confirmed.But the Central Bank has previously confirmed that this second group will join the pilot sometime in 2024, and will be comprised of 16 banks.A senior Center-Bank executive stated:“The introduction of a [Russian] digital currency is a qualitative shift in the field of global payments. By taking part in the digital ruble pilot, we will get the opportunity to be one of the first banks to experience all the advantages of using digital currencies.”The executive added:“[Joining the pilot] will help us [improve] our future payment infrastructure and offer our clients new products and services.”The bank was founded in 1992 by a group of then-recently privatized Southern Russian companies.Sam Bankman-Fried Wrote a Draft Twitter Thread For Alameda Closure Two Months Before FTX Collapse

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Avril Dutheil, founder of Neutron, a smart contract protocol within the Cosmos ecosystem, told Blockworks in an interview that the renewed interest in the Cosmos Hub is a good sign, but remains skeptical. Wyatt suggests blockchain will likely best fit in games where money doesn’t influence outcomes, but enhances the ecosystem itself. “Where you actually are leveraging these UGC ecosystems and digital ownership is where the beauty is.” How to Buy Metaverse CryptoHow Does Consensus Algorithm Work in Blockchain Network? Ethereum (ETH) price dipped almost 5% on October 9 to the current price of $1,580 after an intra-day low of $1,546. The position of the Relative Strength Index (RSI) and its lagging Awesome Oscillator (AO) shows the slump may not be over yet, meaning ETH holders should brace up. Data on CoinMarketCap shows a 110% increase in trading volume for the token in the last 24 hours.

In earlier iterations of Helium, hotspots were deployed indiscriminately, causing MOBILE returns to fall for individual miners, Renski told Blockworks. But recent proposals from Helium token owners would create tiered reward systems based on signal strength and limit the number of hotspots that can operate in the same area. Ethereum (ETH) price correlation to Bitcoin (BTC) has continued to widen since the mid-September reading, with the second-largest cryptocurrency by market capitalization now wandering on its own. With its bearish outlook, ETH has often rubbed longs the wrong way, compelling them to close their positions to avoid more severe losses. EXODUS ONLINE WALLET“A rugger purchasing his another wallet NFT pretending it’s a fat finger” According to a blog post, the plan got 90% approval across all voting classes.

Stablecoins have endured an 18-month-long decline, with their market cap shrinking by 35% since May 2022, as reported by DefiLlama. During this period, the sector has had to deal with increased regulatory uncertainty and scrutiny from regulators globally. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Web3 vs Web2 : What’s the Difference? Is it worth investing $50 in crypto?Bitcoin (BTC) and Ethereum (ETH) are the two best-known cryptocurrencies that are altering the dynamics of the crypto industry. Bitcoin has the unique title of the world’s first cryptocurrency, and people sometimes refer to it as digital gold or gold 2.0. These titles imply that Bitcoin represents a store of value asset with a limited supply, like precious metals. source: PixabayInvestigations based on Israeli government seizure orders and blockchain analytics have indicated that Hamas, along with other militant groups such as Palestinian Islamic Jihad (PIJ) and Hezbollah, received millions of dollars in crypto funding in the lead-up to the attack on Israel.According to a report from The Wall Street Journal, crypto wallets linked to PIJ received as much as $93 million in cryptocurrency between August 2021 and June 2023, as revealed through analysis by crypto researcher Elliptic. In a similar timeframe, wallets associated with Hamas received approximately $41 million in cryptocurrency, as reported by BitOK.The recent attack by Hamas on Israel has raised some serious questions over Israeli intelligence agencies and cyber capabilities as they failed to intercept a major attack on the country. Hamas Raised Millions in Crypto Despite Being SanctionedDespite being designated as foreign terrorist organizations and subject to sanctions, Hamas, PIJ, and Hezbollah have continued to raise donations and procure weaponry.However, it remains uncertain whether cryptocurrency directly financed the attack.Cryptocurrency transactions enable instant and anonymous transfers of tokens between digital wallets, making it difficult for authorities to trace and regulate.This tactic has been exploited by various terrorist organizations in the past, including Islamic State and al Qaeda.As reported earlier, the Israeli authorities have taken action to freeze cryptocurrency accounts used by Hamas for soliciting donations on social media platforms.However, the exact amount of cryptocurrency seized was not disclosed.Terror Financing Through Crypto Remains a Challenge for GovernmentsHamas has been actively seeking cryptocurrency funds since at least 2019, primarily using its Telegram channel to request bitcoin donations. Over time, the group has turned to payment processors to generate cryptocurrency addresses and obscure the true source of their funds, creating obstacles for investigators tracking transactions.While cryptocurrency is just one of the fundraising methods used by these militant groups, it poses unique challenges for authorities. Smuggling physical currency across borders can be risky and is more easily detectable, whereas cryptocurrency offers a discreet and efficient means of transferring funds.The U.S. Department of the Treasury issued a report in April highlighting that many decentralized finance (DeFi) services have failed to implement anti-money laundering and countering the financing of terrorism (AML/CFT) obligations. Some DeFi services are not subject to existing AML/CFT regulations, while some jurisdictions lack robust AML/CFT controls in the realm of DeFi. SBF's Legal Time Seeks to Cross Examine Caroline Ellison Over FTX's Anthropic Investment

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