biden, china, chinese media, crypto crime, cryptography, dollar hegemony, eth merge, eth proof of work, ethereumfair, ethw, inflation, prosecutor's, quantum computing, the merge

With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantum world is getting closer, and vulnerable cryptography will need to be protected. Amidst red hot inflation in the U.S., President Joe Biden notes that gas prices have fallen, but doesn’t mention the 190 million barrels that have been tapped from the U.S. Strategic Petroleum Reserve to address the issue. Though U.S. inflation is high, the greenback is gaining great power against other world currencies, and Chinese state-backed media says this “might be the beginning of another nightmare” for “many countries in the world.” All this and more in this week’s Bitcoin.com News Week in Review.

biden, china, chinese media, crypto crime, cryptography, dollar hegemony, eth merge, eth proof of work, ethereumfair, ethw, inflation, prosecutor's, quantum computing, the merge

Ethereum’s Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower

Following Ethereum’s Merge, a number of cryptocurrency community members have been discussing the proof-of-work (PoW) fork called ETHW as it has dropped significantly in value recently. However, a lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair (ETF), and ETF has gathered a small amount of hashrate and fiat value since the token’s mainnet launch.

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biden, china, chinese media, crypto crime, cryptography, dollar hegemony, eth merge, eth proof of work, ethereumfair, ethw, inflation, prosecutor's, quantum computing, the merge

Bitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Encryption Could Break

According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future threats against cryptography that is not quantum resistant.

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biden, china, chinese media, crypto crime, cryptography, dollar hegemony, eth merge, eth proof of work, ethereumfair, ethw, inflation, prosecutor's, quantum computing, the merge

As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’

U.S. president Joe Biden was recently criticized for claiming inflation in America hasn’t increased during the past few months, while the U.S. Dollar Index (DXY) crept up to the 110.776 region. Meanwhile, a recent report published by CCP-backed Global Times is pressing for de-dollarization as the U.S. dollar’s rise “might be the beginning of another nightmare” for “many countries in the world.”

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biden, china, chinese media, crypto crime, cryptography, dollar hegemony, eth merge, eth proof of work, ethereumfair, ethw, inflation, prosecutor's, quantum computing, the merge

DOJ Launches Network of Over 150 Federal Prosecutors to Combat Criminal Uses of Crypto

The U.S. Department of Justice (DOJ) has established the nationwide Digital Asset Coordinator Network of over 150 federal prosecutors. The authority explained that the new network will further its “efforts to combat the growing threat posed by the illicit use of digital assets to the American public.”

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NEWS RELATED

Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem

The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part ...

View more: Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem

What’s Next for China’s Lunar Exploration Plans?

China is starting to become a force in space exploration. Its main focal point of lunar exploration has started bearing fruit, with several successes, including a sample return mission and the first-ever craft to land on the far side. So what’s next for the Lunar Exploration Program? Establishing a ...

View more: What’s Next for China’s Lunar Exploration Plans?

Vitalik on Suspect Centralization, FTX's 'Absolute Fraud,' Coinbase Confirms Bitcoin Holdings — Week in Review

As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried ...

View more: Vitalik on Suspect Centralization, FTX's 'Absolute Fraud,' Coinbase Confirms Bitcoin Holdings — Week in Review

Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi's Depreciation

According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian government’s plan to ...

View more: Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi's Depreciation

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply ...

View more: Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

Elon Musk Plans to Launch Alternative Phone if Apple, Google Boot Twitter off Their App Stores

Tesla CEO and Twitter boss Elon Musk says he will make an alternative phone if Apple and Google boot Twitter from their app stores. Many people want him to go ahead with a phone launch even if Apple and Google do not deplatform Twitter. Elon Musk Could Launch Alternative ...

View more: Elon Musk Plans to Launch Alternative Phone if Apple, Google Boot Twitter off Their App Stores

Robert Kiyosaki: I'm Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin despite the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be blamed for the actions of former FTX CEO Sam Bankman-Fried. Robert Kiyosaki Still Bullish on Bitcoin The ...

View more: Robert Kiyosaki: I'm Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse

NYC convictions plummet, downgraded charges surge under Manhattan DA Bragg

Manhattan DA Alvin Bragg has seen convictions plummet under his watch. ALEX KENT/AFP via Getty Images Soft-on-crime Manhattan District Attorney Alvin Bragg has downgraded more than half his felony cases to misdemeanors — while also managing to lose half of the felony cases that do reach court. Since taking ...

View more: NYC convictions plummet, downgraded charges surge under Manhattan DA Bragg

After More Than 380 Days, Crypto Supporters Celebrate Surviving the Second-Longest Bitcoin Bear Market

Quantum Breakthrough: Scientists Extend Qubit Lifetimes

Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless

El Salvador Establishes National Bitcoin Office to Manage 'All Projects Related to the Cryptocurrency'

Report: State Securities Regulators Probe Crypto Lender Genesis

China’s Xinjiang region eases pandemic restrictions after lockdown protests

Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

Biggest Movers: DOGE Hits 3-Week High on Saturday

Chinese carmakers target European EV sales with five-star safety scores

Bitcoin, Ethereum Technical Analysis: ETH Surges Above $1,200 to Start the Weekend

Bitget Launches Major Campaign With Messi to Reignite Confidence in the Crypto Market

Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

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