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Mining News

Bitcoin (BTC) mining difficulty, which measures the level of competition for mining rewards, experienced a 6.17% increase, reaching a new all-time high of 55.62 T. This surpasses the previous record of 53.91 T, which was reached in mid-July. In addition, the average hashrate, or the computational power of the network, also reached its highest point of 397.74 EH/s.

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Web3 News

Unstoppable Domains, a Web3 domain name company, announced the launch of Unstoppable Messaging powered by the Web3 messaging network XMTP. This platform provides a Web3-native way for users to connect with friends through Web3 domains, stay updated on projects, and foster communities with decentralized, end-to-end encrypted messaging. Users can message anyone on other XMTP-enabled platforms, including Coinbase Wallet and Lens apps, by typing in their wallet address or domain. Unstoppable Messaging is fully compatible with any wallet address attached to the user’s Web3 domain. The team also plans to introduce the ability for dapps and businesses to use Unstoppable Messaging to send messages, powered by Push Protocol.

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Exchange News

Binance.US has partnered with payment startup MoonPay to allow its customers to convert USD into cryptocurrency. This partnership comes after Binance.US suspended dollar deposits in June. Customers can now purchase tether (USDT) using debit cards, credit cards, Apple Pay, and Google Pay, and then convert the stablecoin into cryptocurrency.

Binance has also launched Binance Pay in Brazil, collaborating with partners such as WeoGames and WordPress. This initiative enables local merchants to offer a new alternative for payment, attracting new customers, increasing processing speed, and reducing costs. Merchants can choose to receive the payment in Brazilian Real or in cryptocurrency directly to their wallets. This launch is expected to be particularly relevant for businesses in Brazil, given the country’s high adoption rate of cryptocurrencies.

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Security News

The US Federal Bureau of Investigation (FBI) has identified six Bitcoin wallets linked to the infamous North Korean hacking group Lazarus. These hackers have moved approximately BTC 1,580, worth more than $40 million dollars, which the FBI believes the Democratic People’s Republic of Korea (DPRK) may attempt to cash out. The FBI remains committed to exposing and combating the DPRK’s illicit activities, including cybercrime and virtual currency theft.

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Investment News

Maple Finance, an on-chain institutional credit marketplace, recently closed a $5 million strategic investment round led by Blocktower Capital and Tioga Capital. Other participants included Cherry Ventures, Spartan Capital, GSR Ventures, Veris Ventures, Maven 11, and Framework Ventures. The funds will be utilized to support Maple Finance’s expansion in Asia. The company’s CEO highlighted the regulatory support and trading focus in Hong Kong and Singapore, making these regions ideal for their expansion efforts.

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CBDC News

Australia’s decision on a central bank digital currency (CBDC) is expected to be delayed for several years, as outlined in a report by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The report illustrates that exploring use cases with a pilot CBDC has revealed various legal, regulatory, technical, and operational challenges that require further analysis. The report suggests that non-functional requirements such as performance, scalability, and security should also be considered in future research.

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legal News

A group of investors has launched a class-action lawsuit against Atomic Wallet, following a breach that resulted in the loss of over $100 million in June. This class-action lawsuit is coordinated by German lawyer Max Gutbrod and Boris Feldman, co-founder of Moscow firm Destra legal. The lawsuit represents approximately 50 clients who collectively lost between $150,000 and $2 million, totaling over $12 million.

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