Bitcoin Mining Dominance Shifts to US as China's Bitcoin Hashrate Surges 55%

China’s Bitcoin Mining: Massive Growth Amid Ban According to Ki Young Ju, the CEO of CryptoQuant, Chinese mining pools still control 55% of the global Bitcoin mining network. This revelation is startling, given China’s aggressive anti-crypto measures in recent years. #Bitcoin hashrate dominance is shifting to U.S. mining companies. Chinese mining pools operate 55% of...

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Circle Launches Feature to Simplify Regulatory Compliance

Businesses can also granularly customize transaction and alert policies using Compliance Engine to align with their specific business needs and regulatory requirements. The platform also supports incoming and outgoing transactions that are performed using programmable wallets. This includes EOA and MSCA wallet account types and developer-controlled or user-controlled wallets. Compliance Engine supports a wide range...

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South Korean Police Arrest 7 in Crypto-powered Drug Dealing Bust

Officers said that the dealer covered bags of narcotics “with plastic and paper” and used “double-sided tape” to attach “deliveries.” The suspected dealer’s “dead drop” locations included “the railings of a one-room apartment block.” Police spokespeople said the dealer also left drugs in “the inside of a communication terminal box,” as well as a “fire...

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Ethereum Foundation Offloads 200 ETH Amid Investors' Bearish Sentiment

These figures suggest that institutional investors remain cautious about Ethereum despite macroeconomic conditions that typically support riskier assets. Coinglass data also shows an increase in Ethereum’s futures open interest, which rose by 0.69% to $12.09 billion today. Derivatives volume surged by 77.12% to $28.37 billion, hinting at a growing interest in Ethereum trading. Despite the...

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Crypto-keen Soldiers ‘Gave Loan Sharks Passwords as Collateral’

Media outlets said there were allegations that “most of the soldiers involved in the incident were officers in their 20s and 30s.” These soldiers allegedly “urgently wanted” to borrow money “for cryptocurrency trading or investment.” The military officers were reportedly refused loans when they applied at commercial bank branches. Media reports have claimed that the...

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Bitwise CIO: Financial Advisors Increasingly Adopting Crypto

In a keynote speech delivered at the Barron’s Advisor 100 Summit on September 20, Bitwise Chief Investment Officer (CIO) Matt Hougan revealed that top financial advisors are increasingly incorporating cryptocurrency into their personal portfolios. Increase in Financial Advisors Embracing Crypto Signals Changing Times In a memo published on September 23, Bitwise CIO Matt Hougan reflected...

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