Bitcoin Mining a Tool to Support Renewable Energy Grids
According to Odaily, Robert Kennedy Jr. recently expressed in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive grids. He highlighted that while power grids are under pressure from manufacturing, electric vehicles, and data centers, the electricity usage pattern of Bitcoin mining differs from traditional consumption and can have a positive impact on the grid. Kennedy emphasized that unlike data centers and similar facilities, Bitcoin mining operations only operate when electricity is cheap and abundant. When electricity is scarce and prices rise, mining operations can reduce their consumption in a matter of seconds. Furthermore, Kennedy noted that Bitcoin miners actively participate in demand response programs, allowing grid operators to control their electricity usage to stabilize the grid. Bitcoin miners' participation in these programs helps to supply the cryptocurrency in open markets, which reduces electricity costs for consumers.#TopCoinsSeptember #BecomeCreator #BTC☀️ #Bitcoin❗️
German authorities shut down 47 cryptocurrency exchanges for illegal activities
$BTC $ETH $SOL #TopCoinsSeptember #AirdropGuide #BecomeCreator #BinanceTurns7 According to CoinDesk, German authorities have shut down 47 cryptocurrency exchanges allegedly involved in criminal activities, including money laundering. The Federal Criminal Police Office (BKA) and Germany’s General Prosecutor’s Office in Frankfurt am Main (Generalstaatsanwaltschaft) announced the closures, citing the exchanges’ failure to comply with “know your customer” (KYC) requirements, which mandate identity and background checks on customers. The BKA’s press release on Thursday highlighted that some of the affected exchanges include Xchange.cash, 60cek.org, and Baksman.com, among others. While one of the exchanges had been operational since 2012, others had launched as recently as the previous year. During the investigation, authorities seized customer and transaction data. However, they noted that prosecuting the individuals behind these activities could be challenging, as they often reside in countries where such criminal activities are tolerated or even protected. Rather than focusing on prosecution, German authorities aim to weaken the infrastructure that supports these illegal activities. Earlier this year, the BKA seized 49,857 bitcoins, valued at $2.1 billion at the time, from the operators of privacy website Movie2k.to, which was shut down in 2013 for copyright violations. The agency sold the tokens in July, triggering significant selling pressure on global cryptocurrency markets, exacerbated by simultaneous redemptions from defunct bitcoin exchange Mt. Gox.#MarketDownturn
WLD. Another hit is coming. With over $230 million unlocked in September. Worldcoin will see its supply grow by over $230 million in September. The price of $85615061876 has shown an inverse correlation with its circulating supply. On-chain data shows that 95% of addresses are holding WLD at a loss. Worldcoin (WLD) is up 2% on Monday but is at risk of a sharp drop in the coming weeks following over $230 million worth of unlocks in September. This follows a nearly 90% drop from its all-time high in March. Why investors should be cautious about WLD Token Unlocks data reveals that crypto identity project 81588915634 will see one of the largest unlocks in September, with over $230 million of new supply entering circulation. Unlocks often cause a token's price to decline if demand fails to catch up with new supply. With such large unlocks, WLD could see its price decline in the coming weeks. This is evident in its price movement following previous unlock events. Since hitting an all-time high of $11.74 on March 10, WLD has had a number of unlock events, according to data from Token Unlocks. These unlocks, coupled with the crypto market correction, have sent WLD down 87% from its all-time high. With a market cap of around $587 million and a fully diluted valuation of $14.5 billion, WLD still has a large pool of unlocked tokens that could negatively impact its price in the future.90810652845#WLD/USDT 33137867537
NFT Market Faces Major Challenges, with 96% Considered “Dead” According to Foresight News, a recent report by NFTevening reveals that the NFT market is facing significant challenges, with 96% of NFTs considered “dead.” These NFTs feature minimal trading volume, extremely low 7-day sales, and almost no presence on social media platforms. The report analyzed over 5,000 NFT collections and 5 million transactions, and found that over 43% of holders have suffered losses, with the average return on investment declining by 44.5%. Furthermore, the average lifecycle of an NFT is only 1.14 years, which is noticeably shorter than traditional cryptoasset projects. #NFT
Solana Drops Below 130 USDT Amid Market Crash According to Odaily, the Solana (SOL) cryptocurrency has seen a dip, falling below the 130 USDT mark. According to the latest data, SOL is trading at 129.91 USDT, reflecting a 24-hour decline of 2.51%. $SOL #Solana #TopCoinsSeptember
HOLD THE POSITION TO WIN BIG! 🚀 Don't be the one who regrets selling $DOGS at $0.0013 when it could skyrocket to $0.90 in a few months! 📈 The real winners are those who hold on to the position for the long term. Secure your future profits and remember: if you can't hold the position, you can't be rich! 👊🏻🔥#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #Babylon_Mainnet_Launch #TopCoinsSeptember $DOGS
NFT sales decline slightly as buyer and seller numbers rise According to Odaily, data from Cryptoslam reveals that total NFT sales reached $90,678,150 over the past week, which is a 4.3% decrease compared to the previous week. Ethereum-based NFTs led the market with $32,195,968 in sales, although this represented an 8.26% decrease from the previous week. Despite the drop in sales, the number of NFT buyers increased by 31.48% and the number of sellers increased by 25.86%. Solana-based NFTs took second place with $19.4 million in sales, reflecting a 6.39% increase from the previous week. Bitcoin-based NFTs took third place, with $13.7 million in sales, showing a week-over-week growth of 12.39%. The top-grossing NFT series during this period was Ethereum-based Cryptopunks, which generated $5.43 million in sales, despite a 29.01% drop. Solana-based Monkey NFTs followed with $3.36 million in sales, a significant increase of 52.16%. #NFT #NFTS $SOL #TopCoinsSeptember $ETH $BNB
With its recent listing on Binance, $DOGS is making waves. This meme token, driven by its Shiba Inu mascot and a fiercely loyal community, has its sights set on hitting the $1 mark by September 2024. 🚀 #DOGSENSEPTIEMBRE #TopCoinsSeptember #DOGS $DOGS
Solo Miner Earned $200,000 in BTC With Just 0.012% Hash Rate A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hash rate.
The miner processed block number 858,978 at 4:21 p.m. UTC, according to data from Bitcoin block explorer Mempool.space. The block contained 2,391 transactions, and the miner received 3.27 BTC, valued at $199,094 at current prices, for his efforts.$BTC #TopCoinsSeptember #Bitcoin #binancesuquare
Bitcoin ATMs on the rise in Australia amid controversy According to PANews, Bitcoin ATMs are rapidly increasing in Australia, making it the fastest-growing market for these machines and raising questions about demand for this controversial service. Data from Coin ATM Radar indicates that the United States holds the majority of the market with approximately 32,000 cryptocurrency ATMs, followed by Canada with around 3,000. Australia is in third place with nearly 1,200 cryptocurrency ATMs, a significant increase from 73 machines two years ago. More ATMs are currently being built. In an August call with analysts, Brandon Mintz, CEO of U.S.-based Bitcoin Depot Inc., stated that the company has more than 200 cryptocurrency ATMs awaiting regulatory approval for deployment in Australia. Data from Coin ATM Radar shows that recent cryptocurrency ATM growth in Australia is leading the world. Operators argue that these ATMs promote financial inclusion by providing convenient access to cryptocurrencies. However, critics highlight risks such as money laundering and potential fraud leading to losses for users. Countries such as the UK and Singapore have banned these ATMs, while Germany is cracking down on them.#btc #TopCoinsSeptember $BTC
Independent Miner Discovers Bitcoin Block Worth $199,098 According to BlockBeats, on August 30, mempool data revealed that an independent miner successfully mined a block at a height of 858978. This block is valued at 3.275 bitcoins, equivalent to $199,098. The discovery occurred approximately 30 minutes before the report.$BTC #TopCoinsSeptember #btc #Binance #Bitcoin!
Uniswap CEO Slams SEC Stance on Digital Art According to Odaily, Uniswap Labs CEO Hayden Adams has expressed support for OpenSea on the X platform. Adams slammed the US Securities and Exchange Commission (SEC), comparing them to clowns for their stance on digital art. He argued that the SEC’s position, which suggests that digital art magically transforms into a security once placed on the blockchain, is nonsense.#SEC
Toncoin Drops Over 10% Following Telegram Founder’s Arrest In France According to BlockBeats, on August 25, Toncoin (TON) experienced a sharp decline of over 10%, temporarily trading at $6.01. This sudden drop is believed to be influenced by the news of the arrest of Telegram's founder in France. The market reacted swiftly to the development, causing significant volatility in the price of TON.$TON #Toncoin #Telegram