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Criminal use of crypto an ‘emerging threat’ — Australian police https://ift.tt/598xCM7

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Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s federal police said. from Cointelegraph.com News https://ift.tt/0kNW3th via IFTTT

Nokia Believes the Metaverse Will Replace Smartphones in the Future #Bitcoin https://ift.tt/598xCM7

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Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users to interact in several activities. Industrial usage will also be significant. Nokia Predicts the Fall of the Mobile Phone in Favor of the Metaverse Nokia, one of the first manufacturers to create a mobile phone system, is predicting the fall of the mobile phone trend known today at the hands of the metaverse. While phones will still be around, metaverse experiences will be the primary form of communication in the second half of the decade. While augmented reality devices have still ways to go, Nokia believes that there will be a rise in the interest of the audience in such devices, that will power this metaverse push. Nokia’s chief strategy and technology officer Nishant Batra is confident ab...

Global Bitcoin payments market projected to reach $3.7B by 2031: Research https://ift.tt/x29X6Pd

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Private keys and hardware sub-sectors will drive the BTC payment expansion as demand from banks and emerging economies continue to grow. from Cointelegraph.com News https://ift.tt/kmVPBfE via IFTTT

Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit #Bitcoin https://ift.tt/gdvS60p

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On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due to mistakes, flash loans, faulty smart contracts, and unchecked lines of code. On October 24, Quickswap explained that the Market XYZ lending market was compromised for $220,000. “Quickswap Lend is closing,” the team’s Twitter account noted on Monday. “$220K was exploited in a flash loans attack due to a vulnerability with the Curve Oracle, which [Market XYZ] was using. Only the Market XYZ lending market was compromised. Quickswap’s contracts are unaffected.” Quickswap also added that Qi Dao provided the seed funds for the Market XYZ lending market and stressed that “no user funds were compromised.” The dex is encouraging use...

Reddit NFT trading volume hits all-time high as wallet holders near 3 million https://ift.tt/gdvS60p

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Meanwhile, the minting volume of nonfungible tokens have been declining steadily. from Cointelegraph.com News https://ift.tt/X9lymAk via IFTTT

Finding A More Optimistic Future With Bitcoin

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Bitcoin is a beacon of hope in a world of uncertainty and despair. By having a monetary constant, people can focus on things that really matter. bit.ly/3f7o14k http://dlvr.it/Sbbwqh

Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High #Bitcoin https://ift.tt/Ggm2xjq

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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...

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take #Bitcoin https://ift.tt/Ggm2xjq

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Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...

Crypto incubators have a responsibility to maintain fiscal discipline https://ift.tt/Ggm2xjq

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Incubators provide a foundation for many crypto companies and have a responsibility to ensure they’re taking steps to survive in a bear market. from Cointelegraph.com News https://ift.tt/fkwS4pE via IFTTT

Bitcoin will surge in 2023 — but be careful what you wish for https://ift.tt/Ggm2xjq

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Depending on who you listen to, Bitcoin’s price is headed for either $3,500 or $1 million in the year ahead. from Cointelegraph.com News https://ift.tt/sqNkGLg via IFTTT