Month: April 2023

UK Inflation Remains in Double-Digit in March 2023 at 10.1%

As for the monthly change, the largest downward contributions in both the CPIH and CPI annual rates are from motor fuels, as well as housing and household services (particularly liquid fuels). According to the Office for National Statistics, UK inflation maintained double digits in March at 10.1%. Meanwhile, there was a consensus projection in a Reuters poll of economists of 9.8%. The unexpected inflation in March shows that UK households are still struggling with high food prices and energy bills. Although the consumer price index went higher in March, it…

The Bitcoin mining boom is quietly going parabolic

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Bitcoin (BTC) may be struggling at $30,000, but under the hood, all-time highs of a different kind keep coming. The latest data shows that Bitcoin network fundamentals — difficulty and hash rate — will hit new records this week. Bitcoin mining difficulty, hash rate refuse to slow down Bitcoin’s 2023 recovery has been about more than just BTC price action, with miners seeing a significant turnaround of their own. As BTC/USD added 70% in Q1 alone, pressured mining participants saw some much-needed relief after the bear market squeezed profit margins…

CoinEx Charity’s Effort to Support Education Is Appreciated by Kacuv – Press release Bitcoin News

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press release PRESS RELEASE. Recently, CoinEx Charity has kicked off its second educational welfare program in Türkiye. In the first program, all the students receiving donations have continued their studies in the new semester. Since last year, CoinEx Charity has participated in the Umudum Scholarship Program initiated by the local charity organization Kacuv in Türkiye, offering support in tuition to 50 local impoverished students. The Umudum Scholarship Program provides scholarships for students in preschools, primary schools, secondary schools, and universities in Türkiye who need financial support to continue their studies.…

CoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait for Money Back

Now that our validator project is concluding, it is also time to say goodbye to Valid Points, which was launched a few years ago to focus exclusively on Ethereum and the wider array of projects connected to it. But don’t worry – the newsletter isn’t going away. Next week Valid Points officially becomes The Protocol, which will focus on blockchain and crypto tech more broadly. You, reader, don’t have to do a thing; your existing subscription will carry over. Source

Cryptocurrency Service Providers Licensing Begins in UAE

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The Securities and Commodities Authority (SCA), which oversees financial markets in the United Arab Emirates (UAE), announced this week that it has begun accepting license applications for cryptocurrency services. This follows the approval of regulations governing the market and is another step towards making the UAE an ‘Oasis’ for digital asset companies. In 2022, the UAE Cabinet passed Resolution No. 111, which granted the SCA authority to issue decisions governing virtual asset transactions and license virtual asset service providers (VASPs). All UAE-based companies offering virtual asset services, except those licensed…

Bitcoin has been ‘buried’ over 470 times in 14 years: a review of obituaries

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Born in 2009, bitcoin has faced an untimely demise 473 times over the past 14 years, and yet, like a phoenix rising from the ashes, it continues to soar ever higher. They say cats have nine lives, but bitcoin (BTC) has at least 473 (and counting). Let’s take a trip down memory lane and visit some of the most notable “deaths” of our dear friend, bitcoin. The FUD chronicles: tale of death and rebirth 2017 and…

MetaMask denies wallet exploit allegations in $10.5m crypto hack

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto wallet provider MetaMask has pushed back against accusations that an exploit in its wallet led to a massive wallet-draining operation that siphoned off more than 5,000 ether. The denial comes in response to a series of tweets by Taylor Monahan, founder of Ethereum (ETH) wallet manager MyCrypto, who claimed that an unidentified wallet-draining exploit had resulted in the loss of more than $10.5 million in cryptocurrencies and non-fungible tokens (NFTs) since December 2022. Recent reporting…

Chip Giant Intel Abandons Bitcoin ASIC Production – Bitcoin News

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After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 Series ASIC In February 2022, the California-based technology company Intel made headlines when it announced its plan to create “energy-efficient accelerators,” or ASIC technology, to contribute to the development of blockchain technologies. Later that month,…

BIS, Bank of England concludes blockchain int’l settlements pilot

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The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a blockchain-powered settlements system between the institutions. The insights of Project Meridian will be used by the Bank of England in its real-time gross settlement (RTGS) system.  On April 19, the official site of the BIS published a report about the joint pilot project with the Bank of England called Project Meridian. According to the 44-page document, banks have successfully made a house purchase in Wales and England through the synchronization network using…