Bitcoin News and Finance: What You Need to Know

Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority ( HKMA ), and the Hong Kong Applied Science and Technology Research Institute has produced a prototype of Hong Kong’s upcoming digital currency, the Bank for International Settlements ( BIS ) announced. Project Aurum is a full-stack, front-end and back-end, central bank digital currency ( CBDC ) system comprising a wholesale interbank system and a retail e-wallet system, the international financial institution explained in a press release this week. Participants in Aurum want to launch two different types of digital tokens. The first kind will be an interm...

PRESS RELEASE. INTERNET CITY, DUBAI, Oct. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list VNX Gold (VNXAU) on October 25, 2022. For all users of LBank Exchange, the VNXAU/ USDT trading pair will be officially available for trading at 10:00 UTC on October 25, 2022. Utilizing the blockchain technology to tokenize the physical gold, VNX Gold (VNXAU) provides the reliability of gold with the flexibility of a crypto asset and enables users to buy and sell the purest gold from anywhere in the world. Its token VNXAU will be listed on LBank Exchange at 10:00 UTC on October 25, 2022, to further expand its global reach and help it achieve its vision. Introducing VNX Gold VNX Gold is a project under VNX that enables users to easily manage all of their gold transactions with digital tokens. Its tokenization of gold allows users to skip the hassle of visiting a vault or bank, and confidently invest from anywhere in the world. As the first registered EEA investm...

Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84 trillion. Bitcoin’s Mining Difficulty Adjusts Upwards by 3.44%, Now at 36.84 Trillion This weekend, Bitcoin’s ( BTC ) mining difficulty jumped 3.44% higher than the height miners dealt with during the past two weeks or the last 2,016 blocks. The network’s difficulty has reached a lifetime high at 36.84 trillion, following the 3.44% shift on Sunday evening (ET). The rise on Sunday follows the 13.55% increase Bitcoin’s difficulty recorded on October 10, 2022, at block height 758,016. The 13.55% increase was 2022’s largest Bitcoin difficulty rise, and it took place as BTC ’s total hashrate reached an ATH on October 11, 2022, at block height 758,138. On October 11, the network’s hashrate reached...

When Satoshi Nakamoto created Bitcoin, the full node client came with a wallet often referred to as Bitcoin-Qt. Nakamoto’s simplified payment verification (SPV) concept was not available until two years later, after the former Bitcoin Core developer Mike Hearn published BitcoinJ in 2011. However, prior to the first SPV client or optimized lightweight bitcoin wallet, the first phone-to-phone bitcoin transaction occurred more than 11 years ago on December 7, 2010. Sending 0.42 Bitcoin From a Nokia N900 to Another Nokia N900 in 2010 Satoshi’s Bitcoin is nearing its 14-year anniversary, which will occur on January 3, 2023, and to date, the Bitcoin network has been functional 99.98777985271% of the time since its inception on January 3, 2009. During the first few years of Bitcoin’s life, the ecosystem had very little infrastructure compared to today’s plethora of crypto exchanges and bitcoin wallets . The protocol’s second Bitcoin client in the network’s history, Bitcoind was published...

Bitcoin.com yesterday announced that buyers in the VERSE token sale, which starts on November 1, will receive exclusive NFTs. Register now at getverse.com to increase your Schance of getting the allocation you want. We also announced that Evan Luza, the co-founder of Cool Cats, had joined Bitcoin.com to advise on the Verse NFT project. Cool Cats is a blue-chip NFT project with a host of charming characters and rich narrative, which lends to the IP’s broad appeal and positions the company as a global transmedia brand to watch. Today we bring you an interview with Evan, where we get his thoughts on Bitcoin.com , NFTs, Verse, and more. Bitcoin.com Director of Product Experience Alex Knight: Super excited to have you aboard Evan. Could you tell us in your own words about Cool Cats? Cool Cats co-founder Evan Luza: Excited to contribute! It’s been a full circle for me from helping with the Bitccoin.com rebrand and now coming back to advise with Verse. Cool Cats is a collection ...

According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said participants in the pyramid scheme may have lost as much as over $6 million. Obelisk Used Social Media Platforms to Lure Victims A South African consumer watchdog, the National Consumer Commission (NCC) recently announced that Obelisk — a purported bitcoin mining equipment supplier — is in fact a pyramid scheme which has swindled millions of dollars from unsuspecting investors. The watchdog reportedly made the announcement after it received complaints from investors who accuse Obelisk of defrauding them. According to a Businesstech report , the 4,000 individuals who participated in the investment scheme were convinced they were purchasing bitcoin mining equipment which could generate constant income for them. The machines cost between $18.75 and $24,850, the report added. In a statemen...

The party of the Nigerian presidential hopeful Asiwaju Bola Tinubu has promised to set up an advisory committee to review regulations that govern blockchain and virtual asset services if it wins in the upcoming elections. The All Progressives Congress also said it “will work with the Central Bank and the financial sector to carefully review and better optimise the exchange rate regime.” A ‘Business-Friendly Regulatory Framework’ In its recently unveiled manifesto , Nigerian presidential aspirant Asiwaju Bola Tinubu’s party — the All Progressives Congress (APC) — said it plans to “establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services.” The APC, which is also the party of current Nigerian President Muhammadu Buhari, added that where necessary the committee will propose changes that bring about “a more efficient and business-friendly regulatory framework.” According to the APC’s 80-page manifesto, the T...