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Mining Reading time: ~2 m Russian authorities are considering changing the terms of cooperation with Kazakhstan, which will purchase electricity for cryptocurrency mining Russia may start selling electricity to Kazakhstan for cryptocurrency mining. The Sputnik news agency writes about this, citing the Russian Foreign Ministry. It is reported that the Russian government instructed the Ministry of Energy and the Russian Foreign Ministry to hold talks with Kazakhstan. Based on the results of the negotiations, the parties may amend the agreement on the interaction of energy systems. If a new agreement is reached, the energy company Inter RAO will start supplying…

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DeFi Reading time: ~2 m A member of the board of the Swiss National Bank (SNB) expressed the opinion that in the future, digital currencies of the Central Bank will do much more for the development of DeFi than stablecoins. Thomas Moser stated that among the many digital assets, central bank digital currencies (CBDCs) will be able to provide stability and secure the decentralized finance (DeFi) sphere. In his opinion, the DeFi industry is becoming more and more popular thanks to stablecoins, and in the future, digital currencies of the Central Bank will become a catalyst for the development of…

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Altcoins Reading time: ~2 m Former US congressional candidate and head of Gokhstein Media, David Gokhstein shared another tweet praising the Terra Classic (LUNC) development roadmap. He repeatedly criticized this project, but it seems that his position has changed. A month ago, the expert emphasized that Terra Classic is a lottery. Now he admits the expediency of investing in this cryptocurrency. Twitter users suggested that the position of the specialist could change amid the news that the Binance exchange will reduce trading fees for trading with LUNC. David Gokhshtein noted that he was ready to invest $500 in the project…

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Ethereum Reading time: ~2 m Since Ethereum switched to Proof-of-Stake, staking pools have become a regular mechanism for confirming transactions. Some critics claim that the net has become more centralized than ever as a result. StakeWise co-founder Kirill Kutakov shared his opinion on the level of centralization of the Ethereum network after the Merger. StakeWise is a company that provides staking pools for Ethereum and Gnosis Chain. The amount of assets locked in their pool exceeds 75,000 ETH. Kutakov said that perhaps as early as December 2022, his company will launch StakeWise V3, an open source protocol with a non-commercial…

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Bitcoin Reading time: ~2 m MicroStrategy software developer launches work on new product based on Lightning Network MicroStrategy is preparing a new product using Bitcoin network technology called Lightning Network. This is hinted at by a new vacancy for the position of a software engineer. As described, the candidate will work on a SaaS (subscription-based service) e-commerce platform using Lightning Network technology. The candidate is required to have experience with the Bitcoin blockchain, as well as the Lightning Network, or decentralized finance (DeFi). Also, the candidate for the position must have the skills to work with one of the programming…

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Mining Reading time: ~2 m Cleanspark, Merkle Standard and Rhodium Enterprises talked about their steps to develop bitcoin mining. Despite the fact that the price of bitcoin has decreased by 72% compared to its historical maximum, the American mining sector continues to demonstrate tendency to increase their activity. This is evidenced by incoming corporate news from Cleanspark, Merkle Standard and Rhodium Enterprises. So, Cleanspark, whose shares are traded on Nasdaq under the ticker CLSK, announced that the corporate hashrate for bitcoin exceeded 4 Eh / s in the middle of this week. The company said that by the end of…

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Analytics Reading time: ~2 m In September, the Bitcoin Spent Exit Profit Ratio (SOPR) dropped to the levels recorded at the end of 2018. Employees of the research company Glassnode reported that against the backdrop of a protracted bearish trend that has dominated the BTC market since November 2021, hodlers began to sell coins at a price on average 42% lower than the price they were bought for. It turns out that investors suffered a loss of 42%, recently getting rid of coins at a rate of about $ 18,400, purchased for about $ 32,000. Due to the fall in…

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Safety Reading time: ~2 m National Security Agency employee tried to sell classified information to an undercover FBI officer for cryptocurrency In the United States, a former National Security Agency (NSA) official has been charged with attempting to pass classified information to a representative of a foreign government. This was reported in a press release from the US Department of Justice. Detainee Jare Dalke used encrypted email to send excerpts from three classified national defense documents to a foreign spy. However, the foreign spy turned out to be an undercover Federal Bureau of Investigation (FBI) agent. It is alleged that…

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Regulation Reading time: ~2 m Regulators say firm could use proceeds to reopen in violation of laws State regulators in the states of Texas and Vermont have filed a lawsuit against plans by crypto-credit platform Celsius Network to sell its stablecoin holdings. Representatives from the state of Texas expressed concern in the document that Celsius could resume illegal operations in the state after the sale of these assets. The Vermont state regulator made similar assumptions. In early June, Celsius Network ran into difficulties due to “extreme market conditions” and began restructuring its business by bringing in outside consultants and lawyers.…

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Bitcoin Reading time: ~2 m Longtime Bitcoin proponent and former MicroStrategy CEO Michael Saylor tweeted an article from the Wall Street Journal suggesting that the Bank of England was buying bonds in an attempt to avert a financial crisis. When central banks step in to support their own bonds, they hurt capital markets and bring down their own currencies. Sovereign debt is becoming an increasingly inefficient Treasury reserve asset. Bitcoin offers a reliable economic and ethical alternative. Saylor’s article indicated that the Bank of England would buy any amount of long-term government bonds issued by the United Kingdom necessary to…

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