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⛽ ️ 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.
📈 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. 📈 But Bitcoin isn't the only winner of the month. Ethereum also showed significant growth, up 8.6%.
👨🏻⚖️ Sam Bankman-Fried faces 115 years in prison - found guilty on all counts. 👮 The former head of FTX has been found guilty of all seven charges. He now faces up to 115 years of real life imprisonment. 👮♀️ 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.
💰 The news of a giant transaction of 1,347,167,859 USDT on Binance is being actively pushed. 🤑 Many 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. ☝️ Важно to understand the details before drawing conclusions about such large transactions.
💸 Paypal has been subpoenaed by the SEC over its PYUSD stablecoin 🚀 Payment 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.