📢 A solo Bitcoin miner did it again… and with a $222,000 reward! 💰

Today, October 24, 2024, a solo miner, a member of the Solo CK mining pool, managed to successfully process block 867118 on the Bitcoin network, earning a reward of 3,329 $BTC , valued at over $222,000. 🤑 This solo achievement is not only low probability, but also reflects the persistence of those who continue to bet on the solo mining model.

🔍 The Block 867118 Feat

The miner received a flat fee reward (3.125 BTC) thanks to the subsidy after the last halving, and added 0.204 BTC in transaction fees, reaching the total amount. According to software engineer Con Kolivas, the Solo CK pool was operating at a hash rate of 150 PH/s. Still, this contribution represents only 0.0021% of the total Bitcoin network hashrate, which is currently 728 EH/s. An incredible feat, considering the hash power of giant pools like Foundry and Antpool!

💡 How Does the Solo CK Mining Pool Work?

Solo CK allows miners to work independently, but using the pool's infrastructure to ensure a better connection to the network. This reduces the need for a node of their own and updates transactions in real-time. Although Solo CK averages only one block mined per month, this miner defied the odds and today took home the prize! 🎉

🤔 Solo or Pool Mining?

Choosing between solo mining or mining in a traditional pool depends on technical factors and luck. In Solo CK, each miner competes alone, and if they manage to mine a block, they take the entire reward, without sharing it. A high reward, high difficulty model!

IT'S OFFICIAL 🚨 WORLDCHAIN ​​IS RUNNING ON BINANCE

The coins lost by users have already been sent to their Wallets and this is a giant step forward for the ecosystem of $WLD

WE HAVE ALREADY BOUGHT YOUR $WLD AND WE PAID AT $USDC

Contact me on WhatsApp to get a quote for your coins +56 9 6223 3500

We make payments to different countries in Latin America.

Worldchain on the Way on Binance 🚨

Please note, Binance is apparently actively working on incorporating #Worldchain and incorporating $WLD payments into its platform.

𝗦𝗘 𝗣𝗥𝗜𝗠𝗘𝗥 𝗜𝗻𝗱 𝗟𝗜𝗧𝗘𝗖𝗢𝗜𝗡 𝗦𝗘 𝗧𝗜𝗘𝗦𝗘𝗡𝗧𝗔𝗧𝗔𝗟𝗜𝗧 𝗜𝗻𝗱 𝗟𝗜𝗧𝗘𝗖𝗢𝗜𝗡 📋

Canary Capital Group has filed the first-ever application to launch a Litecoin ETF ($LTC ) with the SEC, marking a milestone in the industry. This exchange-traded fund would allow investors to access#LTCthrough traditional brokerage accounts, without the need to own cryptocurrencies directly.

The news boosted the price of $LTC , which rose 11% to $71.7 after the announcement. This proposal follows a recent filing by Canary for an XRP ETF, signaling its intention to expand the offering of financial products tied to cryptocurrencies. The acceptance of this ETF could attract significant investment towards LTC, increasing its adoption and liquidity.

Cryptocurrency ETFs have gained popularity in the financial ecosystem, providing institutional investors with safer and more regulated access to digital assets. If approved, the Litecoin ETF would join Bitcoin and Ether products, consolidating LTC's presence in the regulated crypto market.

𝗜𝗧𝗔𝗟𝗜𝗔 🇮🇹 𝗦𝗨𝗕𝗜𝗥 𝗜𝗠𝗣𝗨𝗘𝗦𝗧 𝗜𝗡𝗗 𝗘𝗟 𝗜𝗠𝗣𝗨𝗘𝗦𝗧 𝗔𝗡𝗗 𝗚𝗔𝗡𝗔𝗡𝗖𝗜𝗔𝗦 𝗜𝗡𝗗 𝗖𝗥𝗜𝗣𝗧𝗢𝗠𝗢𝗡𝗘𝗗𝗔𝗦 𝗜𝗡𝗗 𝗜𝗠𝗣𝗨𝗘𝗦𝗧 𝗜𝗻𝗱 𝗮𝗻𝗱 𝗚𝗔𝗡𝗔𝗡𝗖𝗜𝗔𝗦 𝗘𝗡 𝗖𝗥𝗜𝗣𝗧𝗢𝗠𝗢𝗡𝗘𝗗𝗔𝗦 𝗗𝗘𝗟 𝟮𝟲% 𝗔𝗟 𝟰𝟮%

Starting in January 2025, Italy will implement a significant increase in the tax on profits from $BTC and other cryptocurrencies, raising it from 26% to 42% for profits above 2,000 euros. This tax adjustment seeks to increase government revenues in a context of economic challenges. However, the measure could cause investors to seek out less regulated markets, potentially affecting the volume of cryptocurrency trading within the country.

For investors, this tax change represents an additional burden. According to analysts, many could choose to move their funds to jurisdictions with friendlier regulations or explore alternatives such as DeFi or private coins 🛡️ to reduce their tax exposure. This tax is in addition to a series of restrictive measures that have been implemented in Europe recently, aiming to improve financial transparency and combat tax evasion.

For more details and analysis on how this measure will affect the European crypto market, visit our full article on our website Madridcryptocapital.com/blog

What do you think is the current sentiment of the price of #Bitcoin ? $BTC

#Tesla has moved all of its#bitcoinsto unknown addresses, according to data from Arkham Intelligence. The company made approximately 25 transactions, leaving its wallet with just $6.68 USD. In total, 11,509 BTC were moved, valued at over $770 million USD at the current rate.

The move has sparked speculation as to whether Tesla plans to sell these assets. The $BTC were originally held in Coinbase Prime Custody, but the exact destination of the funds is now unknown. Although there is no official confirmation on the purpose of these transactions, it is believed that they could imply Tesla's exit from the market or a change in its cryptocurrency investment strategy.

Tesla was one of the major US companies with large Bitcoin reserves, after MicroStrategy, Marathon Holdings, and Riot Platforms. Since its initial investment of $1.5 billion USD in 2021, Tesla has sold part of its assets, and now holds the remaining ones in non-public addresses.

Bitcoin Price Soars, Causing $285 Million in Cryptocurrency Liquidations

The price of#Bitcoinsaw a sharp spike, reaching nearly $68,000 before falling back to $65,200, triggering a series of liquidations in the cryptocurrency market. This sudden surge caused significant losses for traders betting on the short side, who saw $130 million in short positions liquidated. However, following the decline, long positions also suffered the impact, with $155 million in liquidations. In total, losses in the market amounted to $285 million in a single day.

This movement in the price of Bitcoin is attributed to a renewed interest in Bitcoin-related exchange-traded funds (ETFs), which attracted $556 million in investment in the United States alone. The influx of capital into these instruments reflects renewed investor confidence in the crypto market, especially after a period of significant outflows.
#Ethereumalso saw a surge during this period, reaching $2,677 before falling back to $2,560. Crypto market volatility remains a constant, and political factors are expected to influence upcoming moves. Donald Trump, who is seeking to return to the White House, has been pro-crypto, in contrast to Kamala Harris, who has only just begun to outline her stance on digital assets.

The crypto market continues to display erratic and volatile behavior, highlighting the inherent risks for investors. The competition for the attention of cryptocurrency enthusiasts is intensifying as the US presidential election approaches, adding an additional layer of uncertainty to the already volatile cryptocurrency environment.

$BTC

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Caution! Don't Lose Your Funds When Transferring from World Chain to Binance

If you have been migrated to the new World Chain in the Worldcoin app, this article is crucial for you. The Optimist network, which you previously used to send funds to Binance, is no longer supported on the new chain, meaning any transfer attempts will fail and you may lose your funds.

Follow these steps to avoid errors:

1. Confirm Your Network in the Worldcoin App
Check if you have already been migrated to the World Chain. Go to your wallet section within the Worldcoin app and confirm the network your tokens are on. If you are on World Chain, this step is essential to avoid errors.

2. Don't use the Optimist Network on Binance
Currently, Binance does not support World Chain and only has the Optimist network enabled for certain transactions. When trying to use Optimist from World Chain, your transaction will be rejected, and there will be no way to recover the funds.

3. Check Supported Networks on Binance
Before sending any transaction, make sure that the selected network is supported by Binance. As of yet, Binance has not enabled support for World Chain, so it is best to wait for future platform updates.

4. Check for Binance Updates
Stay informed about Binance updates. The platform is expected to eventually adopt World Chain, but until this happens, do not make transfers using unsupported networks.

5. Stop Transfers if in Doubt
If you are not completely sure about which network to use, it is best to wait. The loss of funds from a failed transfer cannot be reversed, so stop transactions until Binance confirms support for World Chain.

Upcoming Event

Don't miss the event on October 17, where these changes and the transition to the new World Chain will be discussed in more detail.

Get more news in real time on our IG @madridcryptocapital!

Users Lose Funds on WLD Due to Migration to Unsupported Worldchain 🚨 $WLD

The recent migration of the WLD token to the new Worldchain ecosystem has caused numerous users to lose access to their deposits. Worldcoin, the project led by Sam Altman, launched this network as a layer 2 solution built on Ethereum, designed to improve the efficiency and security of the ecosystem by prioritizing transactions from verified users. However, the migration has brought problems due to incompatibility with previous networks, such as Optimism, resulting in irreversible deposits for those who did not make the transition in time.

With more than 10 million users migrated, Worldchain seeks to reduce bot traffic and facilitate faster and cheaper transactions, but currently, those who make transfers through unsupported networks will lose access to their funds.

Cryptocurrency wallets linked to MrBeast generated $13 million in tokens promoted by influencers

A blockchain researcher has linked famous YouTuber MrBeast to millions of dollars in profits from controversial crypto projects.

Summary:

• Wallets linked to MrBeast generated around $13 million in token sales.
• The tokens were part of crypto projects accused of being “pump-and-dumps.”
• Arkham Intelligence linked MrBeast to wallets used to buy and sell these tokens.
• MrBeast publicly promoted some of these tokens, such as SUPER, on social media.

Cryptocurrency wallets associated with MrBeast have reportedly amassed approximately $13 million by selling tokens from launches that analysts deemed “pump-and-dump” schemes. According to Arkham Intelligence, one of the wallets is directly linked to Jimmy Donaldson (MrBeast), who in the past claimed to use it to acquire NFTs.

MrBeast and Crypto Token Gains

A SomaXBT analysis revealed that wallets linked to MrBeast reportedly invested around $250,000 in 2021 in various tokens, selling them shortly after for a huge profit. In one case, the wallet invested $25,000 in the Polkamon (PMON) token, selling it hours later for a $1.3 million profit. According to ZachXBT, Polkamon was flagged for being a high-risk project with suspicious activities.

SuperVerse (SUPER) Implications

The wallet also showed trades with SuperVerse (SUPER), publicly promoted by MrBeast on Twitter. The wallet bought one million SUPER tokens for $100,000 USDC and sold them at their all-time high. In the following weeks, the value of SUPER fell by more than 90%.

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