💰 Solana network transactions hit multi-month low in August

Monthly non-vote transactions on the Solana network fell almost 63% from July's year-to-date high of 1.31 billion to 485.61 million for the month of August, according to The Block's Data Dashboard. August's transaction activity on the Solana blockchain dropped significantly, falling below levels observed throughout most of 2024, where every preceding month surpassed 700 million transactions. This decline has seen activity return to levels not seen since September 2023, when there were 494 million transactions.

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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👑 WazirX begins second phase of fiat withdrawals early, hackers begins moving funds

WazirX has begun the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3. The process was originally slated to begin on Sept. 9 and comes as the exchange faces the aftermath of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty shared the update on social media and said the exchange is continuing to do all it can to restore access to customer funds.

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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💰 SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan

The FTX bankruptcy saga is moving along, with creditors now faced with the choice of pursuing claims through either the Bahamas or U.S. processes. Most customers are on track to get their full money back, plus an extra 9% interest for the trouble. For those with smaller claims under $50,000, the process is set to be even quicker, with 98% of customers likely to see their full repayment within 60 days after court approval. As for the bigger distributions, they’re expected to start rolling out in late 2024 or early 2025.

Source

https://t.me/Bitcoin_Crypto_Coin_Calendar

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💰 Bitcoin leads $305 million outflows as strong US economic data hits crypto

Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.”

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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🧿 Cardano shifts to decentralized governance as Chang hard fork goes live

Cardano, the Layer 1 blockchain founded by Ethereum co-founder Charles Hoskinson, has officially undergone the first stage of its Chang hard fork, becoming the first major blockchain to transition its centralized governance structure to a token-based decentralized governance system. Over the next 90 days, Cardano will undergo a full transformation to a community-led governance model overseen by an interim committee.

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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💰 Bitcoin’s Hash Price Is at All-Time Low

The Bitcoin hash price, a metric measuring miner revenue per terahash or computing power, has fallen to its lowest level ever. According to recent data, this is a sign of upcoming bullish momentum. Woominkyu shared a chart highlighting the relationship between the price of bitcoin and the network’s hash price. The chart showed periods when a drop in hash price corresponded with BTC bottoms; hence, based on historical data, lower hash level periods have occurred simultaneously with BTC price bottoms.

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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🌏 Asia leads in global crypto adoption due to progressive regulatory approach

Singapore has emerged as the global leader in crypto adoption due to its progressive regulatory approach toward the industry, according to the Henley Crypto Adoption Index 2024. The report, published by investment migration consultancy Henley & Partners, highlighted the city-state’s robust regulatory environment, innovation in financial technology, and widespread public adoption as key factors propelling it to the top of the list.

Source

https://t.me/Bitcoin_Crypto_Coin_Calendar

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🇸🇻 El Salvador’s Bukele says ‘Bitcoin hasn't had the widespread adoption we hoped for'

Nayib Bukele, the president of El Salvador who passed the bill to legalize bitcoin as legal tender in the Latin American nation, said the monetary experiment has had mixed results so far. “Bitcoin hasn't had the widespread adoption we hoped for. Many Salvadorans use it. The majority of large businesses in the country have it,” Bukele said in a wide-ranging interview with TIME Magazine when asked if bitcoin monetization has “been a success.”

Source

https://t.me/Bitcoin_Crypto_Coin_Calendar

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🟠 Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds

The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that prioritize user privacy and autonomy.

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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💰 Bitfarms Takes Control of Its First US Mega-Site to Expand Bitcoin Mining Capacity

Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal for bitcoin mining, high-performance computing, and artificial intelligence (AI).

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https://t.me/Bitcoin_Crypto_Coin_Calendar

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