Bitcoin News (Aug 25)

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Today's News

Welcome to today's edition of the news. In today's headlines, we take a look at a major change to ethereum that could split users forever, the US stock market ahead of the Fed summit, and hackers breaking into Cash App accounts. We also look at an AI rapper that has been cancelled over racist lyrics, and why NFTs will be around for a long time.

Outline

How a major change to ethereum could split users – and cryptocurrency – forever: This article outlines how a proposed change to ethereum could potentially split the cryptocurrency community in two.
US stocks trade mixed as investors struggle to regain momentum ahead of Fed summit: US stocks are trading mixed as investors await the outcome of a meeting of Federal Reserve officials.
US stocks rise as investors wait for Fed summit and as Biden announces long-awaited student debt plan: US stocks rise as investors wait for the outcome of a meeting of Federal Reserve officials and as US President Joe Biden announces a long-awaited plan to forgive student debt.
Hackers Are Breaking Into and Emptying Cash App Accounts: Hackers are breaking into Cash App accounts and emptying them of their funds.
Market Snapshot: Stock futures stuck near two-week lows as Fed fears reverberate: Stock futures are stuck near two-week lows as fears of a possible interest rate hike by the Federal Reserve continue to reverberate.
How (and Why) to Use CoinMarketCap: This article outlines how and why to use CoinMarketCap, a website that tracks cryptocurrency prices.
Capitol Records preemptively cancels AI rapper FN Meka over racist lyrics: Capitol Records has preemptively cancelled the contract of an AI rapper known as FN Meka over racist lyrics.
Twitter whistleblower alleges cybersecurity negligence, gives Elon Musk a leg to stand on: A Twitter employee has alleged negligence on the part of the company's cybersecurity team, giving Tesla CEO Elon Musk a boost in his ongoing fight with the social media platform.
3 Adams-backed moderates lose key state legislative races to left-leaning opponents: Three moderate candidates backed by US Representative Alexandria Ocasio-Cortez have lost key state legislative races to left-leaning opponents.
Why NFTs will be around for a long time: This article outlines why Non-Fungible Tokens (NFTs) are here to stay.
Is "Flippening" on the Horizon?: This article discusses the possibility of a "flippening" event in which ethereum overtakes bitcoin as the most valuable cryptocurrency.
Real Bedford: Forest Green promotion winner Rob Sinclair leading bitcoin-backed side: Rob Sinclair, the manager of English football club Forest Green Rovers, is leading a bitcoin-backed side in the Bedford & District Sunday League.
3 Top Things to Look at Before Buying Bitcoin: This article outlines three things that potential bitcoin buyers should look at before making a purchase.
The Most Divisive Rapper Right Now Is an A.I.: The most divisive rapper right now is an AI-generated rapper known as FN Meka.
How Hedge Fund Three Arrows Capital Was Crypto's Long-Term Capital Management: This article discusses how hedge fund Three Arrows Capital was able to become one of the leading crypto investment firms.
The Bear And The Gold Bull: This article discusses the current state of the gold market and the possibility of a "flippening" event in which gold overtakes bitcoin as the most valuable asset.
Breaking The Chain; How Blockchain Is Sponsoring More Equity And Transparency In Hollywood: This article discusses how blockchain is being used to promote equity and transparency in Hollywood.
Nvidia: Disaster Guidance: This article discusses the potential impact of a disaster on Nvidia's stock price.
First Mover Asia: Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks: Bitcoin is trading sideways as investors await any interest rate signals from the Federal Reserve, while the International Monetary Fund sees a growing link between crypto and Asian stocks.
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs: Bitcoin mining firm Argo has cut its year-end hashrate forecast due to delays in the delivery of Intel mining rigs.
Market Wrap: Bitcoin Rises Slightly Along With Stocks: Bitcoin rises slightly as stocks rebound from last week's sell-off.
Law Society of England and Wales Tells Members to Be Wary of Bitcoin Use in Transactions: The Law Society of England and Wales has warned its members to be wary of using bitcoin in transactions.
First Mover Americas: Ether Outperforms Bitcoin; CME BTC Futures Hit a Huge Discount to Spot Prices: Ether outperforms bitcoin as CME BTC futures hit a huge discount to spot prices.
Tron Consumes 99.9% Less Power Than Bitcoin and Ethereum, Crypto Researcher Says: A crypto researcher has claimed that Tron consumes 99.9% less power than Bitcoin and Ethereum.
Coinme Brings DOGE, ETH, MATIC and More to Grocery Crypto Kiosks: Coinme, a crypto ATM operator, has brought DOGE, ETH, MATIC and

How a major change to ethereum could split users – and cryptocurrency – forever

Ethereum turning off its mining rigs and slashing the currency’s carbon emissions should be good news. But not everyone agrees<ul><li>Don’t get TechScape delivered to your inbox? Sign up here</li></ul>On 15 September, the ethereum blockchain is planning to sw…

US stocks trade mixed as investors struggle to regain momentum ahead of Fed summit

The Fed has already seen some early signs that inflation is cooling down, mostly driven by a consistent decline in commodity prices like oil.

US stocks rise as investors wait for Fed summit and as Biden announces long-awaited student debt plan

Fed Chair Jerome Powell has signaled that the Fed will be more sensitive to incoming economic data to determine if inflation is falling.

Hackers Are Breaking Into and Emptying Cash App Accounts

Multiple users of the hugely popular Cash App have reported hackers stealing their funds, and fraudsters are selling access to accounts on the dark web.

Market Snapshot: Stock futures stuck near two-week lows as Fed fears reverberate

Since hitting a 4-month high on August 16th, the S&P 500 retreated 4.1% as investors fear optimism that the Fed would slow its pace of rate hikes was misplaced.

How (and Why) to Use CoinMarketCap

It's not an exchange, but it's a very useful tool for all crypto users.

Capitol Records preemptively cancels AI rapper FN Meka over racist lyrics

Today in “of course, this happened,” AI rapper FN Meka made history by becoming the first robot rapper fired by its record company for racist lyrics. The cartoon rapper powered by artificial intelligence has been accused of offering crass, exploitative, and r…

Twitter whistleblower alleges cybersecurity negligence, gives Elon Musk a leg to stand on

Ex-head of security at Twitter, Peiter "Mudge" Zatko, has revealed that Twitter's security problems were severe enough to threaten national security of the U.S.

3 Adams-backed moderates lose key state legislative races to left-leaning opponents

The setback comes as the mayor feuds with fellow Democrats in Albany who are refusing his demands to further roll back bail reform.

Why NFTs will be around for a long time

Even with cryptocurrencies currently facing a bear market, NFTs are continuing to reshape the arts—and they’re likely to stick around for a long time. The post Why NFTs will be around for a long time appeared first on 500px.

Is "Flippening" on the Horizon?

Fans of Ether have fingers crossed that the token could eventually overtake Bitcoin, upending more than a decade of dominance.

Real Bedford: Forest Green promotion winner Rob Sinclair leading bitcoin-backed side

Real Bedford - the bitcoin-backed club with EFL ambitions - are looking to new manager Rob Sinclair to secure their first promotion.

3 Top Things to Look at Before Buying Bitcoin

The world's most valuable cryptocurrency may deserve a place in your portfolio.

The Most Divisive Rapper Right Now Is an A.I.

The strange saga of FN Meka, who was signed to and dropped from Capitol Records in the span of a few days, and is also not real.

How Hedge Fund Three Arrows Capital Was Crypto's Long-Term Capital Management

His playbook is pretty similar to what he did during the dotcom bubble or the Great Financial Crisis.

The Bear And The Gold Bull

Gold should rocket with inflation but it seems that information is obsolete because gold is stuck, all the while huge inflation numbers are splashing all over the world. So what is the gold play?

Breaking The Chain; How Blockchain Is Sponsoring More Equity And Transparency In Hollywood

As blockchain begins to be used within the creative spaces, many possibilities immediately become apparent for widespread use across the film and TV sector.

Nvidia: Disaster Guidance

Nvidia reported its second quarter earnings, missing estimates. NVDA's Q3 guidance is more important, however. Unfortunately, that guidance was horrendous.

First Mover Asia: Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks

Bitcoin and Ether were roughly flat over the past 24 hours.

Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs

The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices.

Market Wrap: Bitcoin Rises Slightly Along With Stocks

U.S. equity indexes snapped a three-day losing streak on Wednesday, dragging along crypto assets. Bitcoin and other crypto assets rose along with U.S. stocks, which broke a three-day losing streak on Wednesday as investors' appetite for riskier assets returne…

Law Society of England and Wales Tells Members to Be Wary of Bitcoin Use in Transactions

The professional association compared bitcoin to cash in response to a query from one of its members and flagged the possibility of it being used for money laundering.

First Mover Americas: Ether Outperforms Bitcoin; CME BTC Futures Hit a Huge Discount to Spot Prices

The latest price moves in bitcoin (BTC) and crypto markets in context for August 24, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Tron Consumes 99.9% Less Power Than Bitcoin and Ethereum, Crypto Researcher Says

The report said that the network consumed power equivalent to fifteen U.S. households in a year.

Coinme Brings DOGE, ETH, MATIC and More to Grocery Crypto Kiosks

“People are attracted to different coins for different reasons, whether that's a store of value or a medium of exchange,” said Coinme CEO Neil Bergquist.

Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week

The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.

Anomalous Ether Futures Pricing Condition Is Likely to Revert After the Merge

"The current state of backwardation reflects the general market view that ETH will fall following the Merge, but this could be short-lived," one observer said.

Ethereum Proof-of-Work Forks: Gift or Grift?

Ethereum will soon transition to a more energy-efficient system for processing transactions, but prominent crypto personalities are hell-bent on keeping the energy-hungry version of the chain alive. Why?

GeForce Now: A Review

In my writeup the other day about not getting a new computer (or, more accurately, about ordering one and then cancelling the order because of supply chain issues), I mentioned that in lieu of getting a ginchy new computer with a top-of-the-line graphics card…