The profitability of Bitcoin mining has been falling for 3 months, North Korean hackers infiltrated more than a dozen blockchain companies, Banking companies in Spain, will launch its own stablecoin, JPMorgan forecasts an increase in demand for gold and Bitcoin, UAE exempts crypto transfers, conversion from value-added tax.

Last week, many interesting events took place in the world of cryptocurrencies.Let’s get acquainted with some of the most interesting news:

Review of the past week:

October 1, 2024

The profitability of Bitcoin mining has been falling for 3 months in a row and still remains at an all-time low.

Last month, miners earned an average of $42,100 per 1 EH/s in daily block rewards, which is 6% less than a month earlier.Despite the drop in profitability, the total market capitalization of the 14 largest American miners increased by 4% to $21 billion.

Read more

October 2, 2024 North Korean hackers have infiltrated more than a dozen blockchain companies such as Cosmos Hub, Injective, Fantom, Sushi and Yearn Finance.
Hackers use fake identity cards, successfully complete interviews, and provide authentic work histories. Read more
October 3, 2024 BBVA, one of the largest banking companies in Spain, will launch its own stablecoin in 2025 — Visa is involved in the development of the digital currency.

It also became known that Visa has introduced its platform for tokenized assets (RWA).

Read more

October 4, 2024 JPMorgan forecasts an increase in demand for gold and Bitcoin amid geopolitical tensions and the US presidential election.

According to the bank’s analysts, people are also being pushed to buy BTC and gold by constant concerns about rising inflation, significant budget deficits in large economies and declining confidence in fiat currencies. Read more

October 6, 2024 UAE exempts crypto transfers, conversion from value-added tax.

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions.

Read more

 

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FYBIT team