Ny Nice (@redsugar0411) β’ Hey
ππ ππππ ππππππ π±πππ π & π»πππ & Eyelash
Publications
- Marathon Announces Significant Drop in Mining Rate
Marathon Digital Holdings, a Bitcoin (BTC) mining company,Β announcedΒ a 9% decline in total Bitcoin mined in August, which is 9% below the figure in July yet more than five times more than what was mined in August last year.Β
Marathon Generated 1,072 BTC in August
Marathon released its August miner installation and unaudited BTC output reports on September 5. The company stated that it generated 1,072 BTC last month, a reduction from July due to unfavorable weather conditions.Β
Climate Conditions are to be Blamed
Notably, compared to other blockchain networks, the network that runs Bitcoin uses a lot more energy. This is because the Proof of Work (POW) consensus method used by the blockchain requires the use of energy-hungry computers.Β
Marathon CEO Fred Thiel also attributes the percentage decline in BTC production to the state of the climate.
He noted: βThe decrease in Bitcoin production from July was largely due to increased curtailment activity in Texas due to record high temperatures. These temporary shutdowns more than offset the progress we have made to increase our operational hash rate and optimize our operations.β
- CFTC Charges Fraudulent Utah Man $2M For Restitution
United States regulator, The Commodity Futures Trading Commission (CFTC) has charged one Utah man, Jacob Orvidas, for fraudulent activities.
Consequently,Β he is required to pay more than $2 million in restitutionΒ and a $500,000 civil monetary penalty. Orvidas is expected to cease and desist from violating the Commodity Exchange Act any further.
In addition to these settlement charges, the 28-year-old Utah man has been levied with a 10-year registration and trading ban. According to CFTCβs Director of Enforcement Ian McGinley, it is the core of the agencyβs digital-asset enforcement program to protect ordinary people.Β
**Orvidas Deceives Four Pool Investors**Β
Orvidasβ dubious activities took place for almost two years; from approximately October 2017 through at least July 2020. He solicited about four pool participants to trade leveraged Bitcoin (BTC) on their behalf in a commodity pool. He deceived them with empty promises of outrageous profit.
The CFTC filing highlighted that βOrvidas told one pool participant that another client contributed $100,000 worth of bitcoin and cashed out at $2.7 million, and that β[c]rypto trading is a joke . . . [i]tβs like printing money . . . .,βΒ and none of this was true.
- Trident Digital Group Raises $8M in Seed Round
Trident Digital Group,Β a promising startup founded by former Coinbase executives recentlyΒ secured an impressive $8 million in investment fundingΒ for its crypto lending business.Β
**The Trident Promise**
This funding round was co-led by White Star Capital and New Form, with prominent participation from CMT Digital, Joint Effects, and Permit Ventures. Tridentβs successful fundraising efforts are a testament to the industryβs belief in the startupβs mission.Β
In the midst of crypto lending market turmoil, investors are showing strong support for Tridentβs vision to address the core issue of counterparty risk. Anthony DeMartino, the CEO of Trident Digital Group, highlighted the significance of counterparty risk in the crypto lending market.Β
He emphasized that this factor, often overlooked in previous cycles, has become the primary obstacle preventing lenders from re-entering the market with confidence. Tridentβs solution aims to provide a comprehensive approach to risk management, bridging the gap between security and capital efficiency.
As Trident Digital Group continues its journey, the $8 million raised in this seed round will serve as a solid foundation upon which to build. With a clear vision, a strong team, and the backing of prominent investors, Trident appears poised to make a meaningful impact in restoring liquidity and trust to the crypto lending market.
- Chilling conner
- Looking for my destiny
- A traditional girl
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master π§
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT π€©
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT π₯\n\n#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT πΏ\n\n#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT π€―\n\n#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT π\n\n#orb #orbapp #orbsbt
- Tea with my close friends
- Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with
The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters.
https://cointelegraph.com/news/crypto-council-for-innovation-poll-sees-crypto-voters-as-a-force-to-be-reckoned-with
- Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes
https://news.bitcoin.com/federal-reserve-chairman-jerome-powell-faces-political-pressure-over-interest-rate-hikes/
- Hi lenster, i already build my profile
- Whats your favorite Linkin Park song?
- Aave News #72
π¦ Spotlight: Flaave
- Earn up to one year's worth of lending fees paid instantly and upfront
π° Protocol
- Increase capital efficiency of wMATIC on the Polygon V3 Pool
- Proposal for a new aToken primitive by Aave Companies
π§ Ecosystem
- Thank you to the October Community Call speakers @HelloShreyas @StaniKulechov @0x4Graham @pauljlei @eboadom @DMSchlabach @francisgowen @BenDiFrancesco @ZacharyDash & @ajbeal π»
- Check out the re-designed Deposit & Earn page on Sentible
- Watch "The Butterfly Effect β How Simple Oversights Turn Into Smart Contract Nightmares" by @the3d.lens
π Risk by Gauntlet
- Design of V3 ETHβs initial market structure
- Precautionary risk parameter updates: AIP 111 & 112
βοΈ Governance by Boardroom
- AIPs: Risk Parameter Updates for Aave Polygon Markets, , Risk Parameter Updates for Aave V2 ETH, FEI Reserve Factor Update & Whitelist Balancerβs Liquidity Mining Claim
- Snapshot votes: Risk Parameter Updates for Aave V3 Avalanche, Aave v3 Polygon wMATIC Interest Rate Update & Add TRYB to Aave V3
- In the forums: Delegate platform updates, Continuous formal verification report for September, $GHST is a potential risk factor & Aave v2 on zkSync 2.0 Testnet
π Events
- What events should Aave Grants sponsor for the rest of the year and into Q1 and Q2? Respond below with any suggestions
π» Hey Anon
- Have you seen the recent stats from Aave Grants?
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- Get ready for ETHSanFrancisco! π
What to expect:
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