Bitcoin hashrate triples since June 28 in recovery from China syndrome
Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown.
Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown.
submitted by /u/couchfi [link] [comments]
submitted by /u/PuzzleheadedAd1081 [link] [comments]
submitted by /u/PuzzleheadedAd1081 [link] [comments]
David Marcus, an executive in Facebook, released the regulatory information concerning Novi. The update states the current status of Diem’s crypto wallet. Through a recent blog post, Marcus confirmed the approval for Novi in almost every state in the United States. Also, he revealed that it will not be launched in places where it has yet to get approval. The Facebook executive mentioned that project commits not to launch Novi on Diem without the necessary clearance. Moreover, he states that the project still keeps to its commitments. As such, there’s an ongoing consultation with international regulators. Furthermore, Marcus disclosed some information about Novi’s features and functions. According to him, the crypto wallet will enable free person-to-person payments within and outside the U.S. He explained the possibility for a future Novi’s profitability from merchant payments. This could be effective if the project will build a larger customer base. Related Reading | Solana Continues Bullish Trend, Becomes The 10th Largest Cryptocurrency Marcus added that they could diversify and provide a range of other financial services. These could be achieved through collaborations with prominent, reputable, and regulated partners that will bring expansion. How has The Facebook Project Fared? From the current news on Facebook’s crypto, the project is progressively moving to its launching period. This’s after over 2 years through the period of development and delay in the project. The announcement of the project was in June 2019. However, some issues surrounded it immediately after that. Also, most of the project members exited the Diem Association in early October 2019. Some of the old members to exit the group include Paypal, Mastercard, and Visa. Consequently, many European regulatory made moves to crack down on the project within the period. The same time brought Mark Zuckerberg to face the U.S. Congress concerning Facebook involvement. From the multiple issues, Diem was forced to move for a rebrand this year. This probably shifted its attention to the US. The rebranding process is meant to give the project independence from Facebook’s involvement. However, the project before its rebranding had several concerning Facebook’s direct involvement. Some of the concerns were the misuse of Facebook in legitimate activities and funding of terrorism. Related Reading | Coinbase States Infrastructure Bill Could Impact 60 Million American Crypto Owners Additionally, to boost its new stance, Diem, through its rebranding, selected some new members to its team. The move was for better repositioning in compliance with regulations and regulatory bodies. So, the aim is not just to create a name but to perform beyond the name. Recall that before now, Diem has passed through several tracks as different brands and trademarks. Some of the previous brands include Globalcoin, Facebook Coin, and Libra. Also, Facebook, in May, revealed its plans of launching Diem as a stable coin with the U.S. dollar’s backing. Invariably, it took the project out from several other international currencies. However, neither Marcus, Facebook, nor the Diem Association gave any possible release date for the wallet or stable coin. Featured image from Pixabay
submitted by /u/bugs______ [link] [comments]
Speaking on OnlyFans’ ban on adult content, founder and CEO Tim Stokely explained the banks were the only reason behind the policy change.
Hi Reddit I’m new to learning about crypto and a question that came to mind is how the dollar generally stays level and gradually moves weaker or higher. If crypto such as eth takes over how will it be stable with such fluctuations? What happens to the general dollar if everyone is paying for things…
Read more
Hey, I am getting into web3 development but I am having some trouble getting eth in the Ropsten network, I have tried a lot of faucets from google results and waited a few hours. Can someone help me get some or give me some? here is my address: 0x9F6f288D5E91A310f92C939633cA21d40080B84D submitted by /u/mpcabete [link]…
Read more
submitted by /u/tickletaylor [link] [comments]