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Tech giants like Amazon and Microsoft are intensifying competition with bitcoin miners for access to electricity, which could lead to a reduction in the USA's share in the global hashrate to less than 20% by 2030 ⚡
The Federal Energy Regulatory Commission (FERC) of the USA has blocked Amazon's request to use electricity from a neighboring nuclear power plant, which may complicate bitcoin miners' access to resources.Expert Yaran Mellerud stated that AI data centers are willing to pay more for electricity, threatening mining. It is forecasted that by 2030, the USA's share in the global hashrate will decrease from 40% to less than 20%, with mining shifting to regions lacking sufficient infrastructure for AI.Tech companies like Amazon and Microsoft are actively purchasing electricity, complicating the situation for bitcoin miners using equipment unsuitable for AI. By 2024, AI is expected to consume 169 TWh, exceeding the projected 160 TWh for bitcoin mining by 2027.
Donald Trump becomes the 47th president of the United States, becoming the first convicted criminal to hold the office and the oldest president in history at the age of 78, defeating Kamala Harris in the election and securing 277 electoral votes 🗳️
Donald Trump became the 47th president of the United States, becoming the first convicted criminal to hold this office and the oldest president in history at the age of 78. His victory raises concerns due to his chaotic leadership style and sympathies towards authoritarian leaders.Trump defeated Kamala Harris, who focused on abortion rights. He secured key states, including North Carolina, Georgia, and Pennsylvania, which ensured him 277 electoral votes.Despite criminal cases, including allegations of financial misconduct, Trump maintained the support of his base. Harris, who became vice president, will preside over a joint session of Congress in January to certify the election results. JD Vance, a Trump supporter, will become vice president.
Strike launches a Bitcoin and Lightning Network payment app in the UK: opportunities for buying, selling, and transferring Bitcoin to users in 100 countries 🌍
Strike has launched its services in the UK, allowing residents to buy, sell, and use Bitcoin. Founder Jack Mallers noted that Strike's expansion into Europe covers nearly 100 countries, and the Lightning Network technology enables instant and anonymous micropayments.Strike operates in Africa, Asia, the Caribbean, and Latin America. The app allows users to top up accounts in pounds without fees and offers automatic currency conversion. Users can sell Bitcoin and withdraw funds to bank accounts or self-custody wallets.The instant transfer feature allows sending pounds to friends' accounts in other countries, while "Send Worldwide" enables converting GBP into local currencies, including Nigeria and Mexico. Strike also offers a "Strike Private" service for high-net-worth clients looking to make large transactions.Founded in Chicago in 2020, the company provides services similar to Cash App and PayPal but uses the Bitcoin blockchain for faster and cheaper transactions.
Coinbase has launched an engineering center in Singapore to develop the local developer ecosystem and strengthen Singapore's position as a key hub for blockchain innovations in the Asia-Pacific region 🏗️
Coinbase has launched an Engineering Center in Singapore to develop the developer ecosystem and support blockchain innovations in the Asia-Pacific region. A partnership with the Economic Development Board (EDB) will help local engineers create an accessible crypto economy.Filbert Gomez from DISG noted that the center will expand opportunities for product engineering professionals and strengthen Singapore's status as a hub for blockchain innovations.Singapore is investing 1% of its GDP in the "Research, Innovation, and Enterprise 2024" plan to enhance competitiveness. The new center will provide resources and training for engineers, allowing for the development of local talent and the blockchain ecosystem. 56% of financiers in Singapore believe that cryptocurrency is the future of finance.
VanEck launches the VanEck Pyth ETN on Euronext Amsterdam and Euronext Paris for investors to participate in the growth of the PYTH cryptocurrency 💹🚀 - a fully collateralized product with total management expenses of 1.5% and the risk of high volatility
China will issue $2 billion in U.S. dollar bonds in Saudi Arabia starting November 11, 2024: strengthening economic cooperation and investment ties between China and Saudi Arabia 🌍
Elizabeth Warren surpassed John Dighton, garnering nearly 75% of the votes in the Senate election from Massachusetts, securing her third term in the U.S. Congress 🗳️
Metaplanet Inc. entered the CoinShares Blockchain Global Equity Index: the first debut inclusion for a Japanese investment company with an accumulation of 1,108 BTC and a strategy to increase shareholder value 💹
Binance Charity donated $3 million to the Spanish Red Cross for urgent assistance to those affected by the floods in Valencia 🌊
Bybit registered with the National Bank of Georgia as a Virtual Asset Service Provider (VASP) on November 5, 2024, reinforcing its regulatory presence in 2024 after licenses in the Netherlands, Kazakhstan, and Turkey 🌍
Lista DAO integrates Chainlink Price Feeds to enhance the security and reliability of price data for ezETH, STONE, weETH, and wstETH, providing users with secure staking solutions 🔒
Huawei uses TSMC technologies in its artificial intelligence chips: TechInsights' discovery amid increased U.S. sanctions and rising electricity prices for TSMC ⚡
SynFutures launches Perp Launchpad—the first platform for derivatives markets—and allocates $1 million as part of a grant program to support projects in creating perpetual futures and promoting tokens on on-chain markets 💰
SynFutures, a leading decentralized derivatives protocol, has launched Perp Launchpad—the first platform for derivatives markets that enables any project to create perpetual futures for any assets. As part of this launch, SynFutures also introduced a $1 million grant program to support projects in listing tokens and increasing their visibility on on-chain markets.Perp Launchpad by SynFutures opens access to derivatives trading, expanding opportunities to attract new audiences and hedge risks.
BingX Labs invests in the AgentLayer project to create decentralized economies of autonomous AI agents using the AGENT token 🤖
BingX reports on the investment of its investment division, BingX Labs, in the project AgentLayer to create decentralized economies of autonomous AI agents. The project, launched in September, is already available for trading.AgentLayer uses large language models and generative AI to create a secure task execution network with minimal human intervention. The technology is expected to enable AI agents to make independent decisions, enhancing the interaction between humans and AI.The ecosystem is based on the AGENT token, which serves governance, staking, and virtual transaction functions. The platform offers tools such as AgentHub and AgentStudio for creating AI agents.Vivienne Lin, head of BingX Labs, noted that AgentLayer combines blockchain and AI, which could change everyday interactions between people and AI. Co-founder of AgentLayer, Professor Liu Yan, expressed support for the partnership with BingX Labs in developing new blockchain projects.
Taiwan's FSC introduces new registration rules for cryptocurrency exchanges starting January 1, 2025: 26 exchanges have received AML compliance declarations, with a special law on the management of virtual assets in development for 2024 🏦
Starting January 1, 2025, Taiwan will introduce new registration rules for cryptocurrency exchanges aimed at enhancing market transparency and compliance with anti-money laundering (AML) standards. The Financial Supervisory Commission (FSC) of Taiwan announced that 26 exchanges have already received AML compliance declarations, while another 20-30 applications are under review.The FSC is developing a "Special Law on the Management of Virtual Assets," which will be presented by June next year. Discussions are focused on licensing, consumer protection, and operational standards for exchanges. The introduced AML regulations require annual risk assessments and internal control systems.At the same time, around 76% of Taiwanese investors prefer overseas virtual assets, and the 26 operators that meet AML standards are relatively small in scale. Peng Chinlong emphasizes the importance of developing the local crypto industry and enhancing its competitiveness.
Robinhood, Kraken, and Paxos are launching a global dollar network to support the USDG stablecoin, backed by the US dollar 💵. The new project aims to increase competition in the stablecoin market dominated by Tether and USD Coin 🌐
Robinhood, Kraken, and Paxos have created a Global Dollar Network to accelerate the adoption of stablecoins. On November 5, Paxos announced the launch of the USDG stablecoin, backed 1:1 by the US dollar and managed by DBS Bank in Singapore.USDG will be available on other blockchains as legislation changes, and custodial companies and fintech firms can join the network by invitation. The new stablecoin aims to increase competition in a market dominated by Tether and USD Coin.
Best news of the last 10 days
MANTRA partners with Libre Capital to provide accredited investors access to tokenized investment funds, including money market funds 💰✨
Ubisoft faced issues in Champions Tactics: Grimoria Chronicles due to a vulnerability allowing player Paulstar111 to win matches before they start 🎮⚔️
OpenSea announced the launch of a new platform "from scratch" in December 2024 against the backdrop of declining NFT sales volumes to lows not seen since 2021 📉🖼️
The first pension fund in the UK allocates 3% of its assets (£50 million) to Bitcoin following a recommendation from Cartwright, corresponding to a 10-year investment horizon 💼📈
TON Accelerator launches a $5 million program to support innovative projects in the TON ecosystem with a focus on decentralized finance, cross-chain gaming, and staking 🚀
TON Accelerator, the incubation project for The Open Network blockchain, has launched a program worth $5 million to support innovation in the TON ecosystem. The launch took place on November 4, and the initiative received support from TON Ventures and Mantle EcoFund.The new program "Cohort 2.0: Synergy" provides selected projects with access to mentorship and funding, aimed at decentralized finance, cross-chain gaming, and staking. The total value of locked assets in the TON ecosystem has reached $707 million, significantly increasing since the beginning of the year.
Cryptocompanies invested 78 million dollars in the Super-PAC Fairshake for the 2026 elections 💰, including 30 million from Coinbase and Andreessen Horowitz 🚀
A day before the US elections, crypto companies poured tens of millions into the 2026 elections. Super-PAC Fairshake raised $78 million, including over $30 million from various companies and $48 million in new commitments from Coinbase and Andreessen Horowitz.Chris Dixon from a16z stated that the fund allocated $23 million to Fairshake to support lawmakers from all parties aiming to create effective regulations for the crypto industry. a16z has donated a total of $70 million.Coinbase increased its donations to over $75 million, while Ripple Labs contributed around $50 million. Fairshake has raised about $170 million and spent $135 million. Research shows that of the 42 races supported by crypto PACs, 36 were won by candidates who received funding from the crypto industry.Donors to Fairshake advocate for the adoption of cryptocurrency and stable coin legislation in the US.
Circle increases its presence in Southeast Asia, planning to hire employees and develop business in Hong Kong against the backdrop of the stable coin USDC 💼
Circle plans to strengthen its presence in Southeast Asia, focusing on Hong Kong for business expansion. According to information from November 4, the company intends to hire more employees and establish new business relationships in the region.Circle's CEO, Jeremy Allaire, noted that stable coins like USDC play an important role in Hong Kong's trading practices. The HKMA plans to implement regulations for stable coins by 2025. Local companies are already utilizing stable coins; for example, First Digital Trust launched the FDUSD token on Solana.Hong Kong is becoming a crypto-friendly jurisdiction despite its ties to China. Circle has also introduced a white paper for the Confidential ERC-20 standard, ensuring user privacy and compliance.
APISentry launches an API security program with a prize of up to $150,000 for 50 African startups amid rising cyber threats, with data leak levels nearing 300,000 in Nigeria for the second quarter of 2024 💻🔐
In light of the surge in cyber incidents in Nigeria—nearly 300,000 data breaches in the second quarter of 2024—the API security platform APISentry is launching a Startup Security Program.The initiative will help early and growth-stage startups enhance their cybersecurity. Up to 50 African tech startups will receive up to $150,000 in APISentry credits to secure their APIs and digital infrastructure.Participants will also receive mentorship and support from experts. Emmanuel Ezehivelle, CEO of APISentry, emphasized the importance of proactive cybersecurity measures for startups, which often become easy targets for attacks.