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PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit – Mining Bitcoin News
The Merge is likely to be implemented on the Ethereum blockchain in just over a month. Miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased. A great number of crypto community members are attempting to guess where the hashrate will go after The Merge.See the Story
Reports Say FTX Warns Customers Not to Interact With Aztec Network, CEO Sam Bankman-Fried Responds – Privacy Bitcoin News
FTX CEO Sam Bankman-Fried said FTX monitors transactions for AML compliance but that does not mean any accounts were frozen. Aztec Network is a privacy and scaling network, and similar to Optimism and Arbitrum it uses ZK-rollups, but Aztec's zkmoney tech is privacy enhancing.See the Story
Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge – Blockchain Bitcoin News
In 27 days, Etherum will change from proof-of-work (PoW) to proof- of-stake (PoS) The last standing top two PoW crypto tokens in the top ten will be bitcoin (BTC) and dogecoin (DOGE) On August 18, 2013, the only coin that was not a PoW coin was XRP.See the Story
Latest News Stories
Chainlink ditches Ethereum PoW forks for PoS after The Merge
A recent survey by the crypto hedge fund, Galois Capital, revealed that many expect two parallel chains to exist following the Ethereum Merge. 33.1 percent of the polled audience believe there would be an ETHPoW (Ethereum proof-of-work) chain and a ETHPoS (E Ethereum proof- of-stake) chain. There has been a decline in the network hash rate since peak levels in May 2022.See the Story
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Central Bank · Ghana
Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against 'Unacceptable Depreciation of the Cedi' – Bitcoin News
Ghana's inflation rate topped 31.7% in July. The Bank of Ghana has now hiked the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks' primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of his government.See the Story
Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a 'Truly Remarkable Moment' – Africa Bitcoin News
Changpeng Zhao, the CEO of the global cryptocurrency exchange Binance recently met the Central African Republic (CAR) President Faustin-Archange Touad�ra. The meeting comes just a few months after the CAR became the first African country to make bitcoin legal tender. Zhao has previously said he is on a mission to drive adoption in Africa.See the Story
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020 – Finance Bitcoin News
The euro dropped below the U.S. dollar for the second time in 20 years on Monday. The Dow Jones Industrial Average dropped 400 points as inflation fears continue to grip Wall Street. Gold and silver markets have felt downward pressure this week as both precious metals are down in value. The global cryptocurrency market capitalization is down 1.4% today as well, and hovering just above the $1 trillion mark.See the Story
OFAC's Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M – Bitcoin News
On August 8, the U.S. Treasury Department's Office of Foreign Asset Control (OFAC) banned the privacy-enhancing ethereum mixing service Tornado Cash. OFAC did not disclose exactly why Tornado Cash was sanctioned but it is suspected that it was due to the North Korean hacking syndicate known as Lazarus Group. Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits.See the Story