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โฝ๏ธ Mining company Marathon Digital has learned how to mine cryptocurrency using methane emitted from landfills. At the first stage, the company has allocated 280 kW of equipment for the project - if the initiative proves successful, the company is ready to supply more machines.
๐ Named "Uptober" among crypto-enthusiasts, October lived up to expectations, showing Bitcoin up 28.5% for the month, outperforming its average and confirming its reputation as a growth month. ๐ But Bitcoin isn't the only winner of the month. Ethereum also showed significant growth, up 8.6%.
๐จ๐ปโโ๏ธ Sam Bankman-Fried faces 115 years in prison - found guilty on all counts. ๐ฎ The former head of FTX has been found guilty of all seven charges. He now faces up to 115 years of real life imprisonment. ๐ฎโโ๏ธ The U.S. Attorney's Office said Bankman-Fried committed one of the largest financial crimes in U.S. history. A tentative sentencing date has been set for March 28, 2024.
๐ฐThe news of a giant transaction of 1,347,167,859 USDT on Binance is being actively pushed. ๐คMany took it as a signal for a massive purchase, which could possibly lead to a price increase. However, a detailed analysis of the transaction (you can view it here) shows that it was simply a transfer of funds between wallets within the exchange. โ๏ธะะฐะถะฝะพ to understand the details before drawing conclusions about such large transactions.
๐ธPaypal has been subpoenaed by the SEC over its PYUSD stablecoin ๐Payment giant PayPal is facing regulatory pressure from the US Securities and Exchange Commission over its PYUSD stablecoin. Launched in August this year, PYUSD has ushered in a new era for PayPal, making it the first major fintech giant to introduce its own digital asset for payments and transfers.