99 Bitcoins

Russia imposes a fine on Google that may be larger than all the economies of the world! They latter imposed a fine of 20 decillion dollars, and to give you the idea, one decillion is a one followed by 33 zeros. But to put you in the picture even closer, if Google wants to comply with this request, it will have to find new resources to sell outside of planet Earth! 🤨 The main reason for this fine is the ban on a group of official Russian government content on various platforms, most notably YouTube. 🪙 99Bitcoins

Circle announced the launch of a solution for masking crypto transactions Circle and Inco Network announced the release of a solution called Confidential ERC-20 Framework, which is designed to mask crypto transactions in EVM-compliant networks. Among the named benefits of the platform: - Encrypted balances. Only authorized parties or relevant authorities will be able to see them; - encrypted transfers. The amount transferred between addresses remains confidential; - delegated review. Permission to review a balance can be granted to specific individuals; - programmable transfer rules. Compliance measures can be programmed at the smart contract level. 🪙 99Bitcoins

Crypto speak: Funds are safu “Funds are safu” is a popular crypto meme symbolizing the safety of funds in any project. The expression supposedly originated thanks to the Binance Secure Asset Fund for Users (SAFU), which insures traders. In the midst of a crypto crisis, if you hold reliable assets, you can safely write “funds are safu!” And it’s also a playful reference to the Asian pronunciation of the word safe. 🪙 99Bitcoins

The world's most popular YouTube blogger MrBeast has been accused of a $23 million cryptocurrency scam - he is suspected of having ties to more than 50 cryptocurrency wallets linked to insider trading. 🪙 99Bitcoins

🇺🇸 The U.S. Treasury Department believes that Stablecoins should be replaced with CBDCs The main reason is that issuers of stablecoins have invested about $120 billion in US securities and have become a driver of popularity of US Treasury bonds. For example, a collapse of USDT could lead to a massive sell-off of Treasuries, thus triggering a global catastrophe. The U.S. cannot allow this to happen. 🪙 99Bitcoins

Security in crypto Another helpful tip: Be careful when using public WiFi networks or computers, as they may be vulnerable to hacker attacks. If you are in a cafe and decide to make several crypto transactions, your personal information could be compromised. Through public WiFi networks, attackers can easily steal your data, including passwords, bank details, and personal information. Sometimes, they launch their own access points to the free internet for these purposes. Therefore, only conduct your crypto transactions exclusively through reliable internet service providers. 🪙 99Bitcoins

⏺Alameda Research has filed a lawsuit against KuCoin to recover more than $50 million in assets that were frozen following FTX's collapse in 2022. Initially valued at $28 million, the assets have since appreciated as the market recovers. Alameda claims that these assets "belong to FTX and should be returned to creditors to help settle debts" and is also seeking compensation for delays. KuCoin explains the freeze as a response to suspicious activity, noting unsuccessful attempts to reach account owners and that it is following law enforcement guidelines. 🪙 99Bitcoins

⚡️ JUST IN: 💰 #Bitcoin hits new all-time high in euros at €68K 🪙 99Bitcoins

What is a crypto mixer? Crypto mixers are services that allow you to “mix” your crypto so that it is impossible to track. Imagine you are at a big party, where everyone takes a handful of coins out of their pocket and throws it into a common bowl. Then, everyone randomly draws a few coins, which, of course, do not belong to them. This is similar to what a cryptocurrency mixer (or tumbler) does. Let’s look at an example: Let’s say Alice has 1 Bitcoin she received from Bob and wants to spend it somewhere. But she doesn’t want anyone to be able to track where this Bitcoin is stored and that it belongs to her. Therefore, she uses a cryptocurrency mixer. This mixer takes Alice’s Bitcoin and mixes it with a lot of other Bitcoin from different people. Then it sends 1 Bitcoin (not the original one, but one of those that were mixed) to the address specified by Alice. So, now, if someone tries to track down the Bitcoin spent by Alice, it will end up in the mixer and get lost in thousands of transactions. So, why do people need this? You already know that most cryptocurrencies are not completely anonymous and that your transactions can be tracked through a blockchain explorer. This means that, without using tools like mixers, your transactions can potentially be tracked. Thus, mixers are important tools in the search for privacy in the cryptocurrency world. Of course, we gave the most harmless example of “mixing” coins. In fact, mixers are quite often used by scammers who want to “launder” money. 🪙 99Bitcoins

Capital inflows into crypto funds totaled more than $900 million in a week Between October 21 and October 26, 2024, net capital inflows into cryptocurrency exchange-traded products reached $901 million, according to a report from CoinShares. Since the beginning of 2024, the figure has exceeded $27 billion, roughly triple the previous all-time high set in 2021. 🪙 99Bitcoins

Vitalik Buterin explained the sale of cryptocurrencies to Ethereum Foundation Vitalik Buterin responded to criticism of cryptocurrency sales from Ethereum Foundation reserves - according to him, the funds go to pay developers. He called for respecting the team's efforts preventing losses of 5 million ETH per year and providing low fees and fast transaction processing. Buterin also stressed that sending digital assets by an organization to exchanges does not equal an instant sale. In addition, the Ethereum co-founder noted that the fund does not use staking to maintain neutrality in case of a “controversial hardfork.” 🪙 99Bitcoins

How to earn crypto Let’s take a look at a common question among crypto enthusiasts: How can I make money with crypto?😄 We have an entire section on our website where we talk in very simple terms (but at the same time in detail) about the most popular methods of earning: ICOs, staking, farming, DeFi, etc. We’ll also tell you about the basic principles of safety when earning crypto, too😎 🪙 99Bitcoins

JUST IN: BlackRock CEO Larry Fink says "we're going to have at least" another 25bps interest rate cut this year. 🪙 99Bitcoins

Anthony Pompliano DESTROYS Fox Host who says Bitcoin is "way too volatile" to be used for savings. 🪙 99Bitcoins

Google to unveil AI assistant for Chrome browser by the end of the year - Media Google will unveil an AI assistant for the Chrome browser in December 2024. The project, called Jarvis, will run on the yet-to-be-released Gemini model and will be able to perform various tasks on its own, such as: - making purchases or booking tickets; - searching for relevant information in the browser. The tool is designed to help people automate everyday web tasks. 🪙 99Bitcoins

FTX and Bybit have entered into a $228 million settlement agreement Bankrupt cryptocurrency exchange FTX has settled a lawsuit against Bybit, its executives, and its investment arm Mirana with a $228 million settlement agreement. The deal will allow FTX to recover about $175 million in cryptocurrencies, as well as sell nearly $53 million worth of additional assets, including BIT tokens, to Mirana. 🪙 99Bitcoins

10 questions for Satoshi Nakamoto The administrators of the Kraken crypto exchange’s Twitter account invited their users to ask questions to Satoshi Nakamoto, the anonymous founder(s) of Bitcoin. This is a fun little activity, but you can be almost 100% sure that Satoshi will not answer. It’s interesting to know what crypto enthusiasts want to learn from the creator of the world’s predominant cryptocurrency. Questions: 1. Do you have private keys? 2. How much Bitcoin do you have? 3. Are you going to sell your Bitcoin? 4. Why did you make Bitcoin halvings happen every 210,000 blocks mined? Is the decision somehow related to the frequency of U.S. presidential elections or financial market cycles? 5. How do you assess what the crypto industry has become? Does it meet your expectations? 6. What project did you start working on after Bitcoin? 7. Where have you been all this time? 8. Are there other coins in your portfolio besides Bitcoin? 9. Is the Ordinals protocol dangerous for Bitcoin? 10. What do you think about the PEPE memecoin? What would you like to ask Satoshi? 🪙 99Bitcoins

Crypto scammers spent investors' money on a shark tank and sex workers In Austria, several members of a fraudulent group who created a scheme to illegally enrich themselves under the guise of investing in cryptocurrency have been put on trial The con artists swindled 40,000 clients out of $21.6 million in total, They used them to rent expensive real estate, travel between cities on private jets, bought premium cars and spent at least $100,000 on the services of sex workers. And during a search of one of the scammers' Bali home, police found a large shark tank. Two men were sentenced to five years in prison, two others received 2.5 years, and one scammer was sentenced to 1.5 years. Meanwhile, five suspects were acquitted by the court and several others are still wanted. 🪙 99Bitcoins

OpenAI to unveil new AI model OpenAI plans to release a new AI, known as Orion, tentatively by December. Unlike past models, only some partner companies will have access to Orion at first. It is estimated that Orion could be 100 times more powerful than GPT-4, making it a significant step toward creating artificial general intelligence. 🪙 99Bitcoins

Speaking of hackers… Hacking in the crypto industry is a real scourge. Attackers steal vast numbers of digital assets every year. For example, in 2022 alone, they stole $3.8 billion, with about half of the sum stemming from DeFi (when hackers manage to exploit the smart contracts of decentralized services). And since 2012, investors have lost $28.084 billion from criminals — enough to build an entire country! At the same time, many people suffer from more primitive attacks, such as phishing, and a considerable part of this money is not taken into account in statistics. We pay for decentralization with security — in the world of crypto, you need to be extremely careful and carefully select the projects you work with; otherwise, you risk losing your money forever. 🪙 99Bitcoins