Donald Trump has decided to transform the United States into a global tricenter. It is said that he wants to ensure freedom of action in the country. I think this is why the price of Bitcoin is constantly increasing. And Bitcoin looks set to hit $100,000 in a few days. What do you think?

This incident highlights the growing threat of phishing attacks in the cryptocurrency space, where attackers use deception to gain control of users' digital assets. The loss of 55.47 million Dai DAI underscores the importance of vigilance when interacting with blockchain networks.In this case, the attacker exploited the victim's mistake of signing an unverified transaction, allowing them to change the wallet’s ownership and drain the funds. Despite the user's attempt to recover the assets, the transaction failed as the ownership had already been transferred to the attacker's address.

Finding a reliable Telegram group or channel that focuses on new projects on the Binance Smart Chain BSC can be valuable, especially for early investment opportunities or airdrop farming. There are several groups and channels dedicated to this, but it's important to choose those that provide accurate information and have a good reputation to avoid scams.A popular channel that covers new projects, updates, and partnerships within the Binance Smart Chain ecosystem.

Maybe the value of the altcoins you are mining just had their prices slashed and that is what's causing the profitability decline?

That seems like the most plausible situation for me.

The thing is, people are not really making mineable PoW coins that become big anymore, with the exception of privacy coins, so we'll just have to wait and see if the next BTC bull run brings up the other altcoins.

the potential impact of declining altcoin prices on mining profitability. When the value of the coins being mined drops, it can drastically reduce the returns from mining, especially if the mining difficulty remains high. This scenario is common during bear markets, where altcoin prices can be heavily slashed, making it less profitable or even unprofitable for miners to continue their operations.

The concerns about Solana's network performance, particularly its inability to consistently deliver on the promise of high transaction throughput, are valid. Solana's reputation as a fast and low-cost blockchain has taken a hit due to these network issues, especially with the surge in meme coin activity causing congestion and transaction failures. The discrepancy between the advertised 50,000 transactions per second TPS and the actual performance, which is far lower in real-world conditions, has raised doubts about the network's scalability.

The arrest of Telegram CEO Pavel Durov is a significant development, and while French President Emmanuel Macron insists it's not politically motivated, the situation raises questions, especially given the complex dynamics around freedom of expression, privacy, and government regulation in the tech world.Telegram's strong stance on privacy and encrypted messaging has made it a target for governments concerned about the platform being used for illegal activities. While the official reason for Durov's arrest may be related to Telegram's messaging features, it's plausible that the broader influence of the Telegram Open Network TON could become a point of scrutiny as well. Governments often have multiple reasons for targeting tech leaders, especially those whose platforms challenge state control.

Quote from: erus on August 18, 2024, 06:13:53 AM

Does anyone know when this SEC can be quiet or take a break from interfering in the crypto space?

To the question of WHEN will SEC stop its crypto interference, the best answer is when the people in SEC will be replaced. And when I say people that includes its chairman Gary Gensler who unfortunately has a 5-year tenure until 2026. There is a possibility of have him go if Harris/Walz will not win the White House in November 2024, otherwise the crypto industry should be bracing itself for two more years of antagonism from this agency.

Your perspective on the SEC's stance towards crypto under Gary Gensler reflects the concerns many in the industry share. The regulatory environment, especially under his leadership, has been notably stringent. The possibility of change, as you mentioned, could indeed depend on the outcome of the 2024 presidential election. A shift in leadership could lead to a different approach toward cryptocurrency regulation, potentially more favorable to the industry. However, if the current administration remains in power, the crypto industry may need to prepare for continued regulatory challenges until at least 2026.

While Ethereum and the broader cryptocurrency market are not immune to economic fluctuations, they also have long-term potential driven by technological advancements and growing adoption. Monitoring macroeconomic trends, Ethereum's technological progress, and market sentiment will be crucial in assessing its future trajectory.In summary, Ethereum may well make a significant comeback, especially with positive developments and institutional support. However, its performance will continue to be influenced by broader economic conditions and market sentiment in the near term.