Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create Crypto Tracker

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Mining NewsThe difficulty of mining a Bitcoin (BTC) block increased by 4.68% on Sunday, following a 10.26% rise seen two weeks ago, reaching a new all-time high (ATH) of 39.35T. had reached its previous ATH of 37.59T following the previous difficulty adjustment on January 15th. Legal NewsNew York’s US Department of Financial Services (NYDFS) is investigating crypto exchange Gemini over claims related to the security of customer funds, Axios reported. Gemini reportedly claimed last year that its Earn product customers’ assets were safe because they were backed by the Federal Deposit Insurance Corporation (FDIC). Current and former FDIC officials told Axios that while the FDIC language used by Gemini is misleading, it is unclear whether it actually violates the law. Crypto exchange FTX is seeking to remove Turkish units from its bankruptcy filing, arguing that Turkish authorities are unlikely to follow US instructions. law courts. A court filing said: “The debtors include two Turkish subsidiaries that are not strategic to global operations: FTX Turkey and SNG Investments. […] Orders made by this Court have no legal or practical effect in Turkey and the Debtors have no reason to believe that the Turkish government will comply with the orders of this Court. As a result, debtors are unable to exercise sufficient control over the affairs of Turkish debtors to comply with their obligations under the bankruptcy code. first half of the year, to “strengthen the monitoring of money laundering using virtual currency and the recovery of proceeds of crime”, reported khgames. The “Virtual Currency Tracking System” will be used to monitor transaction history, extract transaction information and verify the source of funds before and after payout. Huang Yiping, a former adviser to the People’s Central Bank of China (PBOC), said Beijing should consider the long-term effects of its cryptocurrency ban, the South China Morning Post reported. A continued “no” to crypto-related products could lead to missed opportunities in technologies such as blockchain, which are “very valuable” to regulated financial systems, said Huang, now an economics professor at the University. Peking University National School of Development. DeFi newsHolepunch, a crypto platform for building peer-to-peer applications – backed by USDT issuer Tether, crypto exchange Bitfinex and scalable peer-to-peer distributed systems developer Hypercore – announced the launch of Keet Mobile. According to an announcement, it is a free decentralized peer-to-peer instant messaging application (dapp) that works without the need for centralized entities on any device. The initial release of Keet Mobile alpha will be limited to texting, while the ability to make audio or video calls is slated for release in a few months.Security NewsCrypto exchange KuCoin has launched a set of anti- fraud to provide more security tools to prevent commercial scams, the statement said. In addition to official contact verification, new measures added include advanced anti-phishing verification and business wallet address verification, “which significantly reduce the potential for fraud,” he added. OpenZeppelin, a smart contract security solution provider, has released the results of the latest security audits conducted on zkSync, a zero-knowledge-based scaling solution compatible with the Ethereum virtual machine developed by Matter Labs . In total, out of 45 issues discovered during OpenZeppelin’s two previous audits conducted last November and December respectively, 40 have been fully resolved by the Matter Labs team. This includes two critical-severity issues and two medium-severity issues, said a press release. Investment News Entertainment company Web3 Hume announced that it has acquired Blocktones, a Web3 music startup founded by award-winning producer a Grammy winner Gino Borri, “Gino The Ghost”, and show designer and director Michel Mauro. Mauro has collaborated with some of the biggest names in the music industry, including Diplo, Lil Uzi Vert and Megan Thee Stallion, the press release states. He added that: “The acquisition will bring Blocktones’ open source generative audio collections to the Hume platform, opening up new avenues for its virtual artists and new ways for creators to create open source musical beats.”

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