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US Employment Data Boosts Bitcoin to $71,000

US Employment Data Boosts Bitcoin to $71,000

By the evening of November 1, the leading cryptocurrency rebounded from lows near $69,000 to $71,100, marking a 3% increase. The primary price surge occurred following the release of US employment data. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin’s price had adjusted back to $70,000. October’s non-farm employment figures […]

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TON Foundation Introduces DAO to Decentralize Ecosystem Governance

TON Foundation Introduces DAO to Decentralize Ecosystem Governance

The TON Foundation, the organization behind The Open Network (TON), has unveiled a new governance model, Society DAO. This initiative aims to further decentralize, enhance transparency, inclusivity, autonomy, and competition. The decentralized autonomous organization (DAO) was founded by teams including: TON Core — responsible for blockchain development, updates, and maintenance; TON Studio — supporting project […]

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NFT Creators Found Guilty of Rug Pull Scheme

NFT Creators Found Guilty of Rug Pull Scheme

Two U.S. citizens have been found guilty of conducting a rug pull following the successful launch of NFT collections, according to a press release from the Department of Justice. Twenty-one-year-old Berman Jerry Nowlin Jr. and 25-year-old Devin Alan Roden created two NFT collections on the Solana blockchain: UndeadApes and Undead Lady Apes. NFT collections UndeadApes […]

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Florida Reports $800 Million in Cryptocurrency Reserves

Florida Reports $800 Million in Cryptocurrency Reserves

Florida, USA, holds cryptocurrency-related assets valued at $800 million. This was stated by the state’s Chief Financial Officer and Fire Marshal, Jimmy Patronis, in an interview with CNBC. He noted that he would not be surprised to see these assets grow if Donald Trump wins the upcoming US presidential election. Florida is not the first […]

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Tether's Net Profit Reaches $7.7 Billion in 2024

Tether’s Net Profit Reaches $7.7 Billion in 2024

In the third quarter, Tether, the issuer of the USDT stablecoin, reported a net profit of $2.5 billion. Since the beginning of the year, this figure has reached $7.7 billion. Tether Hits $7.7 billion 2024 Nine-Month Profits, $102.5 billion in U.S. Treasury Holdings, Almost $120 billion USD₮ Circulation, and an Over $6 billion Reserve Buffer […]

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What is fully homomorphic encryption (FHE)?

What is fully homomorphic encryption (FHE)?

How homomorphic encryption is used in Web3.

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Binance Burns Over $1.07 Billion in BNB Tokens

Binance Burns Over $1.07 Billion in BNB Tokens

Cryptocurrency exchange Binance has completed its 29th quarterly BNB token burn, removing 1.77 million coins worth $1.07 billion from circulation. The 29th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC), with 1772712.363 $BNB being burned ? View burn details below ?https://t.co/QjGO4lmhDP pic.twitter.com/SrEKXtAc4Y — BNB Chain (@BNBCHAIN) November 1, 2024 The […]

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Russia Launches Miner Registry

Russia Launches Miner Registry

As of November 1, Russia has implemented a regulation establishing a miner registry under the Federal Tax Service. Deputy Anton Gorelkin shared details about the compilation of this list. The Federal Tax Service will effectively create two lists: individuals directly engaged in mining and operators of mining infrastructure who provide facilities for extraction. Only Russian […]

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Binance Integrates Amazon's AI Technology

Binance Integrates Amazon’s AI Technology

Binance is set to incorporate Amazon Web Services’ (AWS) generative artificial intelligence into its products, as stated in the company’s blog. AWS will assist in enhancing user experience, customer support operations, automated diagnostics of internal systems, and troubleshooting. The AI application is focused on two key areas: streamlining KYC processes; resolving user issues. A more […]

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NoOnes: how ex-Paxful chief Ray Youssef’s P2P project works

NoOnes: how ex-Paxful chief Ray Youssef’s P2P project works

In October ForkLog held an AMA session with NoOnes CEO Ray Youssef. The new project from the former Paxful chief targets the Global South and offers a P2P platform, instant conversion of digital assets, gift-card sales and a wallet with Lightning Network support. This article explains NoOnes and tests crypto exchange on the platform. Who […]

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Mt.Gox Transfers $35 Million in Bitcoin from Cold Wallet

Mt.Gox Transfers $35 Million in Bitcoin from Cold Wallet

The bankrupt cryptocurrency exchange Mt.Gox has transferred approximately 500 BTC (~$35 million) to an unknown address. The transaction from the platform’s cold wallet was recorded by the service Arkham. Data: Arkham. In May, Mt.Gox began moving its bitcoin holdings for the first time in five years, with the amount then estimated at 137,892 coins valued […]

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Another 'Pseudo-Satoshi': Stephen Mollah Claims to Be Bitcoin's Creator

Another ‘Pseudo-Satoshi’: Stephen Mollah Claims to Be Bitcoin’s Creator

On October 31, at the Front Line Club in London, a man named Stephen Mollah declared himself to be Satoshi Nakamoto. A man called Stephen Mollah has taken to the stage. He claims to be Satoshi Nakamoto — the mystery inventor of Bitcoin. He’s claimed this before and is currently in legal dispute about it. […]

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