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BitHarvest: Revitalizing the Bitcoin Landscape for the Mining Industry
Bitcoin’s historical four-year cycle has revolved around its halving events, where the reward for mining new blocks is halved, reducing supply and typically leading to a bull market. This cycle, once a reliable predictor of market trends, is showing signs of disruption as the industry matures and external factors gain influence. Miners are increasingly aware that reliance on this traditional cycle may no longer be sufficient to ensure profitability.
BitHarvest’s Innovative Approach:
Recognizing the need for change, BitHarvest has introduced BitBooster, a groundbreaking technology designed to enhance mining efficiency through AI optimization and hardware acceleration. BitBooster represents a significant shift in mining strategy, allowing existing equipment to operate more efficiently, thereby extending its operational life and reducing energy costs. This innovation provides a critical advantage in an industry where increasing mining difficulty and rising operational costs pose ongoing challenges. Read More
Decentralized Exchanges Won’t Go Too Far Without Capital Efficiency
One main goal of investing is to ensure that your money works for you at all times, whether that’s through a savings account you barely look at or through high-activity stock trading.
In the past, a savings account yielding 10 percent was a reliable and safe option for many people. However, today’s financial landscape paints a different picture.
Pursuing meaningful returns has redirected investor focus away toward solutions powered by blockchain and DeFi (decentralized finance).
However, for a DEX (decentralized exchange), the quest for optimal capital efficiency extends beyond blockchain networks.
And without a way to meaningfully solve challenges like fee spikes, liquidity bottlenecks and market inefficiencies, DEXs are destined to fail.
In this scenario, the critical question is – what capital inefficiency challenges are unique to DEXs, and how can developers ensure that resources are allocated appropriately to address these gaps? Read More
FBI will use NFTs to contact victims of crypto fraud scheme Clucoin
The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pleaded guilty to using the funds to fund his online gambling habit.
The Federal Bureau of Investigation is set to use non-fungible tokens (NFTs) to return $1.14 million in funds to victims involved in a crypto fraud scheme that began with the launch of a sham project called CluCoin in 2021.
According to an Aug. 21 statement from the US Attorney’s Office in Florida, 40-year-old Austin Michael Taylor pled guilty to wire fraud on Aug. 15 for routinely using investor funds intended for his CluCoin (CLU) project to fund his online gambling habit.
The FBI will provide notice to “identified victims” of the planned restitution through their NFTs — marking one of the first times law enforcement has publicly stated it will use NFTs to contact victims.
The US Attorney’s Office also requested that anyone believed to be a victim in the fraud scheme provide relevant information to the FBI. Read More
Sony’s Long-Awaited Ethereum Layer-2 Chain to Launch in Coming Weeks
Sony is expected to release technical documentation and tools for developers, providing firsthand experience, in the coming weeks.
Sony Group has finally pulled back the curtain on Soneium, an Ethereum layer-2 blockchain developed in partnership with Web3 infrastructure provider Startale.
Driven by a joint venture between Sony and Startale—known as Sony Block Solutions Labs—Soneium marks the company's initial steps towards developing a fully realized blockchain.
The network, planned for launch in the coming weeks, will initially operate on a testnet in collaboration with Astar Network, a blockchain platform known for its multi-chain capabilities.
The collaboration will integrate Astar's zkEVM assets and infrastructure with Soneium, providing initial liquidity and a range of fungible and non-fungible digital assets, the companies said in a statement on Friday.
ZkEVM is a technology that enhances privacy and efficiency by using zero-knowledge proofs—a cryptographic method that allows transactions to be verified without revealing all transaction details. Read More
MARKETHIVE - Entrepreneur One Upgrade Explained - UPDATED 2024
Markethive’s Entrepreneur One Loyalty Program takes on a new meaning and concept.
Loyalty programs have become second nature and intrinsically crucial to many businesses and us as consumers, starting way back in the 1970s when airlines offered frequent flyer points. There are now many loyalty programs; however, the point program is the most common, where customers accumulate points to redeem rewards.
Loyalty programs were introduced to increase the customer base and the company's bottom line and create the potential for loyal consumers and repeat business.
Loyalty Programs have evolved online, with Markethive at the forefront. It embraces the loyalty program concept and enhances it with the opportunity to earn a significant income and rewards. Markethive will continue to offer loyalty programs such as the Entrepreneur 1 Loyalty Program and Bounty Program.
The E1 upgrade includes products and services like Press releases, Banner Impressions Exchange, banner and video advertising, and matching coin bonus airdrop. Then there's the Vault, even gamification, and much more as we continue to improve and enhance the incentives for Markethive members to achieve their personal and business goals, resulting in your financial legacy and self-sovereignty. Read More
Bitfarms Acquisition of Bitcoin Miner Stronghold a ‘Strategic’ Move Against Rival Riot: Experts
Bitfarms has acquired Stronghold Digital Mining, a “strategic” move that could help the Bitcoin miner resist a hostile takeover by its rival Riot, several experts told Decrypt.
Bitfarms agreed this week to purchase the crypto mining firm in a $175 million deal, the company said Wednesday. Market watchers say the deal will boost Bitfarm's valuation and operations, making the firm a more challenging acquisition target for its competitor.
“By acquiring Stronghold now, Bitfarms demonstrates that it is not just passively waiting but is taking proactive steps to increase its value and strengthen its negotiating position,” said Julio Verissimo, CEO of Borderless Consulting, a consulting firm that works with Bitcoin miners.
Riot has been trying to acquire Bitfarms since last April, when it made an unsolicited offer of roughly $950 million to its Canada-based rival. After Bitfarms rejected the offer, Riot began to snap up the company’s stock in a bid to gain control over its competitor. Read More
Fantasy football platform on Telegram raises $1M in seed funding
Telegram is becoming the go-to platform for onboarding traditional gamers into the world of Web3.
Fanton Fantasy Football, a blockchain-integrated fantasy sports platform, recently secured $1 million in seed funding to expand its reach and refine its user experience.
Fantasy football, a popular subset of the broader fantasy sports market, has become a significant driver of fan engagement, transforming casual spectators into dedicated followers. Within the expansive $32.75 billion fantasy sports industry, fans find an unparalleled opportunity to strengthen their bond with the game.
As users create and manage teams composed of players from various teams across the league, they are motivated to follow a broader range of matches, often including games they wouldn’t have watched otherwise.
This increased involvement brings new importance to less prominent games, as fantasy players often have a stake in the success of athletes from smaller clubs or lesser-known leagues. Read More
Magic Eden to launch ME token for cross-chain trading
The ME Foundation introduces the ME token to enhance cross-chain trading, driving NFT platform expansion and DApp integration.
The Magic Eden (ME) Foundation has announced the upcoming launch of the ME token, a new token designed to support Web3 consumer decentralized applications (DApps) via cross-chain digital asset trading.
According to a press release shared with Cointelegraph, the ME Foundation’s mission is to help develop the ME decentralized autonomous organization (DAO) protocols “with community-led governance.”
The token is expected to be central to Magic Eden, a global non-fungible token (NFT) and Runes platform, which plans to be the first to officially adopt ME as its ecosystem token.
Speaking with Cointelegraph, Matt Szenics, director at ME Foundation, stated that the Foundation was “excited” to introduce the new ecosystem token.
“Between hosting the top cross-chain protocols and the upcoming Magic Eden mobile in-wallet claim, we see demand for DApps actually designed for users taking off.“ Read More
India to Invite Industry Stakeholders to Help Shape Crypto Policy in Upcoming Consultation Paper
The Indian government is taking steps to shore up its domestic crypto policy as it attempts to juggle innovation with regulatory oversight.
The Indian government is drafting a consultation paper to address key crypto concerns as part of its push towards greater regulatory clarity surrounding the asset class.
According to a CNBCTV18 report on Wednesday, the Secretary of the Department of Economic Affairs is heading up a panel that is expected to publish a consultation paper, with its release slated between September and October.
The Indian government is taking steps to shore up its domestic crypto policy as it attempts to juggle innovation with regulatory oversight, inviting stakeholders to provide feedback.
During the G20 Summit last year, Indian Prime Minister Narendra Modi called for a global framework for regulating crypto, artificial intelligence, and other emerging technologies. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
