Bitcoin’s hash rate has seen a significant recovery over the past month, and will continue to grow as more miners reconnect to the network. In Iran, the Ministry of Energy plans to lift the ban on Bitcoin and cryptocurrency miners next month. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Bitcoin's hash rate has grown by 30% in the last month. According to data from Blockchain.com, the hash rate de Bitcoin (BTC), or the network's computing power, has risen 30% in the past month, showing a clear recovery since its last drop in July, a result of Chinese regulations against cryptocurrency miners.
📍Solana integrates Chainlink oracles to boost its DeFi ecosystem. the blockchain network announced that the participants of its ecosystem DeFi Soon you will be able to access reliable price data thanks to the oracles of chainlink, considered the main pillars of the interconnection between decentralized applications and the real world. At the moment, the network has integrated Chainlink's price oracles into Solana Devnet, its test network.
NFT and DeFi Markets
📍Visa confirms its support for the NFT market. According to statements by Visa's cryptocurrency director, the multinational financial services company will support all its clients interested in participating in this digital innovation. Cuy Sheffield, Visa's head of cryptocurrencies, stated that the company will integrate new tools and solutions to support buyers, sellers and creators of cryptocurrencies. NFT. This week, Visa took a big step into the world of non-fungible tokens, buying a cryptopunk collectible for $150.000. Sheffield assured that the purchase of this token is part of its strategy for a broader understanding of NFTs, in order to offer new services to its clients within this space.
📍David Marcus, head of Facebook Financial and co-creator of Diem and Novi, revealed Facebook's interest in NFTs. Marcus said Bloomberg reported that the company is considering entering the NFT space and that new NFT features could be launched from the Novi digital wallet after it goes live. In July, Facebook CEO Mark Zuckerberg discussed the company’s future plans to become a metaverse company.
Miners
📍KuCoin will launch a mining pool with incentives for environmentally friendly miners. The company announced that Bitcoin and Bitcoin Cash miners will be able to connect to its new mining pool KuCoin Pool to receive discounts and other benefits. These benefits will be given to those miners who use energy-efficient hardware equipment and who make use of clean energy sources, to promote green mining in the cryptocurrency industry.
Events
📍NWC10Lab launches the second edition of the Digitalization Contest for Tokenized Companies in Spain. Together with Bit2Me, Stocken Capital, and others, the think tank in digital transformation and blockchain, is launching the second edition of its competition for digitalization and tokenization of Spanish companies. As reported in the web page From the event, the winners of the competition will obtain the legal and technological training necessary to streamline decision-making, improve the efficiency of their internal processes and have greater visibility and transferability of their shares to their partners, in addition to a prize that will allow them to enter Stocken Capital for free, taking advantage of all its services.
Cybersecurity
📍A report by CNBC exposes several unauthorized accesses to Coinbase accounts in recent months. The information medium quoted Several Coinbase customers claim to have suddenly lost their cryptocurrency funds. The accounts of “thousands” of users were apparently accessed by cybercriminals, who took advantage of weak account protection to change the passwords and withdraw the funds. Coinbase user Tanja Vidovic claims to have lost more than $160.000 in unauthorized access to her account. Like her, many other Coinbase users are also affected. exchange They claim that the funds deposited in their Coinbase accounts “disappeared before their eyes.”
In addition to these incidents, affected users are complaining about “poor customer service.” In total, CNBC notes that more than 11.000 complaints and claims have been filed against Coinbase with the Federal Trade Commission and the Consumer Financial Protection Bureau, and that most of these are related to poor customer service. At the time of this publication, the exchange has not responded to CNBC’s post.
Rules and Regulations
📍Iran will lift the ban on the use of electric power for crypto mining in the country. According to publication According to the Financial Tribune, a spokesman for Tavanir, Iran’s Power Generation, Distribution and Transmission Company, reported that the ban imposed by the country’s Ministry of Industry, Mining and Trade on cryptocurrency mining will be lifted next September. The spokesman explained that energy demand has decreased in recent months, so the company will be able to provide service to legally registered miners in the country again.
As an reported Bit2Me News, in July, Iran's Ministry of Energy ordered the closure of crypto miners in the country, including those authorized to carry out such activity, in order to minimize energy consumption and guarantee power to essential places in the nation, such as government entities, among others.
📍The US House of Representatives will vote on the Infrastructure Bill by September 27. As an reported Nancy Pelosi from Congress, US lawmakers will vote on the controversial bill before the end of September. Specifically, Pelosi, Speaker of the House of Representatives, noted that the infrastructure bill will be voted on before September 27. Pelosi also pledged to approve the original bill, without any of the amendments previously submitted by congressmen.
📍In Thailand, the country's Securities and Exchange Commission is opening a public consultation related to crypto regulation. Thailand's SEC is considering applying a new regulatory framework to cryptocurrency custody providers, and has opened a public consultation to hear the opinion of stakeholders on the matter. The consultation will be open until next September, the financial regulator reported in a statement. release.
Continue reading: MicroStrategy acquires another 3.900 BTC, strengthening its confidence in Bitcoin
