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Briefly Crypto
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Screening #Crypto & #NFT news in real-time, AI-driven.

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​Bitcoin’s Hashrate Comes Close to Recording New All-Time High Despite China’s Ban

Bitcoin's hashrate, which shows the network's combined computing power, hit 177.5 EH / s on October 2, according to data provided by Blockchain.com.

The closely watched metric managed to stage a stunning recovery after plunging in late June due to a large number of Chinese provinces banning Bitcoin mining.


Sentiment: Neutral
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​Ethereum breaks through resistance, now nothing can stop ETH from $4,000

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.

The author has not received compensation for writing this article, other than from FXStreet.


Sentiment: Negative
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​Coinbase Promises to Deposit Stolen Funds to At Least 6,000 Hacked Accounts

Even if a hacker has access to customers' email accounts and credentials, they would still be prevented from logging into an account if multi-factor authentication has been enabled.

Due to the fact that it was a bug in Coinbase's SMS Account Recovery process allowing threat actors access to accounts, the exchange is depositing funds in affected accounts equal to the stolen amount.

"We will be depositing funds into your account equal to the value of the currency improperly removed from your account at the time of the incident. Some customers have already been reimbursed - we will ensure all customers affected receive the full value of what you lost. You should see this reflected in your account no later than today."


Sentiment: Negative
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​11.9m leaked files show how billionaires and world leaders avoid tax - yet it's crypto that must be regulated.

The secret deals and hidden assets of some of the world's richest and most powerful people have been revealed in the biggest trove of leaked offshore data in history.

The Pandora papers reveal the inner workings of what is a shadow financial world, providing a rare window into the hidden operations of a global offshore economy that enables some of the world's richest people to hide their wealth and in some cases pay little or no tax.

The Pandora papers represent the latest - and largest in terms of data volume - in a series of major leaks of financial data that have convulsed the offshore world since 2013.Setting up or benefiting from offshore entities is not itself illegal, and in some cases people may have legitimate reasons, such as security, for doing so.


Sentiment: Neutral
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​Tezos (XTZ) Hits New All-Time High as it Climbs 23% in 24 Hours

Tezos is showing bullish signals, not showing signs of allowing down at the time of writing.

On Wednesday, 29 September 2021, the Relative Strength Indicator of Tezos showed a substantial bearish divergence, even though the trend for Tezos remained largely bullish from a technical perspective.

Development activity on Tezos dApps has been gathering pace, and currently has about 135 projects and dApps in development on its network.


Sentiment: Positive
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​PSA: Pandora Papers just hit. Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials but yeah... blame crypto for money laundering.

The leaked records come from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients often seeking to keep their financial activities in the shadows.

A document in the Pandora Papers shows that banks around the world helped their customers set up at least 3,926 offshore companies with the assistance of Alemán, Cordero, Galindo
​Visa's New Payment System Will Accept Everything From Bitcoin to Dollars

So where does that leave payment processors like Visa? Well, if Visa has anything to do with it, it'll continue to be right in the middle of it all.

Visa has consistently worked to carve a space for itself in the crypto world, from partnering with cryptocurrency exchanges to offer Visa debit cards that earn crypto rewards, to settling the first crypto-only payment.

Its latest Universal Payment Channel shows it wants to maintain its pole position, whether that involves working with govcoins or existing cryptocurrencies.


Sentiment: Positive
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​The Pandora Papers: Why we need a global blockchain system for business and politician money transfers. Billions of hidden, offshore transfers by politicians, businesses, and criminals

Now, a massive leak of data pulls back the veil of secrecy on the offshore finance industry like never before.

Known as the Pandora Papers, it is the broadest-yet leak of confidential financial documents, comprising nearly 12 million files from 14 companies that provide offshore services.

It's a hidden world in which a reported secret mistress of Russian President Vladimir Putin can get a luxury apartment in Monaco via an offshore shell company, and where the King of Jordan is able to secretly snap up real estate in London and Malibu.


Sentiment: Neutral
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​"Bitcoin soon to become legal tender in Brazil", says congressman as "Bitcoin Law" passes committee and is expected to be approved by the brazilian Congress.

O deputado federal Aureo Ribeiro, disse em uma entrevista que em breve os brasileiros poderão comprar casas, carros e até McDonald's com Bitcoin, após aprovação de sua lei, que acontecerá em breve.

Outro ponto que a lei de Bitcoin no Brasil dará de vantagem, segundo Aureo Ribeiro, será a compra de produtos e serviços com criptomoedas, como casa, carro e até um McDonald's, destacou o deputado federal.

"A gente quer separar o joio do trigo, criar uma regulamentação para que você possa transacionar, saber onde você está comprando, saber com quem você negocia, e ter esse ativo para comprar uma casa, um carro, vai no McDonald's comprar um hambúrguer, vai ser uma moeda corrente no país igual acontece em outros países".


Sentiment: Negative
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​Satoshi Nakamoto has Actually implemented Easter Eggs in certain Blocks. In block 666,666, a message from the bible was inserted in the block that reads “do not be overcome by evil, but overcome evil with good – Romans 12:21

Satoshi Nakamoto encoded hidden messages in some Bitcoin blocks that often come as a pleasant surprise.

In the genesis block, Nakamoto's message was a headline of a London Times article on Jan 3rd, 2009.Other cryptic messages have been embedded in bitcoin blocks, often passing poignant messages.

Aside from the cryptic messages embedded in the genesis block, several other easter eggs have sprung forth for the cryptocurrency.


Sentiment: Positive
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​Salvadoran president, Nayib Bukele revealed on Friday that Chivo wallet users will be able to get a discount on petroleum fill-ups at the largest gas stations in the country. Chivo wallet users paying for fuel will save $0.20 per gallon using the government’s crypto wallet

The Salvadoran president, Nayib Bukele revealed on Friday that Chivo wallet users will be able to get a discount on petroleum fill-ups at the largest gas stations in the country.

The guidelines for this new discount are not super clear, but Bukele said that a number of the largest gas station companies in the country will drop the price of gas per gallon by $0.20 if a customer uses the Chivo wallet application to pay.

The state company Chivo negotiated with the largest gas station companies in our country, so starting tomorrow, these gas stations will sell each gallon of fuel $0.20 cheaper, with the Chivo wallet.


Sentiment: Positive
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​Will chrome dropping adblockers drive more users to Brave browser?

It's also a big deal for a very different, and for many Chrome users much more practical, reason: As TechRadar explains, the loss of Manifest V2 means that the ad blockers many Chrome users have grown used to having around will no longer work.

Manifest V3 deprecates a particular API that current ad blockers use to do their thing, and there's debate over whether new ad blockers can or will be built using the new Manifest V3 specification.

Even if Google does kill off ad blockers as we know them in Chrome, extension devs will likely find workarounds to keep avoiding ads.


Sentiment: Positive
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​Switzerland national postal service to debut crypto stamp on Polygon

On Sept. 20, the Swiss Post officially announced the upcoming launch of the "Swiss crypto stamp," a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs.

According to the announcement, the Swiss crypto stamp will be the first stamp of its kind ever launched in Switzerland.

In May 2021, Austria's postal service announced plans for incorporating NFC chips in its Crypto Stamp 3.0, the third iteration of its limited-edition NFT postage stamp collectible series.


Sentiment: Neutral
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​Colin McRae’s Subaru Got Sold for $360,000 Worth of Bitcoin.

An anonymous buyer at an Australian auction paid $361,000 in bitcoin to acquire a classic Subaru WRX driven by the rally champion Colin McRae.

An investigation found out that the car was particularly symbolic as champion drivers like Colin McRae and Carlos Sainz have been behind its wheel.

The classic Subaru WRX was so popular in the late 90s that it became one of the iconic cars in the Colin McRae Rally PlayStation game.


Sentiment: Positive
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​The Era of Cash Is Ending

What cryptocurrencies like Bitcoin have shown us is that there are technological pathways for central banks to be able to issue digital versions of their own currency in a relatively secure form and in a form that makes digital payments broadly available and accessible to the masses.

A more sophisticated version of a central bank digital currency is where, in effect, each one of us has an account with the central bank, perhaps in tandem with a digital wallet that we can use to transact using digital versions of the currency.

PRASAD: The proliferation of central bank digital currencies and even cryptocurrencies does not really pose much of a threat to the major global currencies.


Sentiment: Neutral
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Bitcoin is currently trading at $48,263 up 0.79% since yesterday.

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