Mining News
A group of eight crypto mining operators in Kazakhstan have written an open letter to President Kassym-Jomart Tokayev, expressing their concerns about high energy prices. The companies, including BCD Company, TT TECH Limited, KZ Systems, AI Solutions, Green Power Solution, VerCom, Kinur Invest, and the Zhambyl branch of Kinur, claim that the digital mining industry in the country is facing an „extremely dire straits“ situation. They have suspended their activities and plan to cease their business in Kazakhstan by the end of the year. Source: Link
Trading News
Research firm Chainalysis reports that the value of cryptocurrency transactions in mainland China and Hong Kong has declined over the past year. This is due to Beijing’s crackdown and the ban on digital assets, as well as the ongoing slump in the crypto market. Between July 2022 and June 2023, mainland China saw $86.4 billion worth of crypto transactions, a drop from $220 billion compared to the previous year. Hong Kong witnessed $64 billion in crypto transactions, down from over $70 billion in the same period a year prior. The decline in cryptocurrency activity in Eastern Asia has been notable, as it used to be one of the top markets for crypto. Source: Link
Gaming News
Gaming firm Wemade has partnered with Chainlink Labs to develop an interoperable Web3 gaming ecosystem. The collaboration aims to unlock novel cross-chain use cases. Wemade has selected Chainlink Cross-Chain Interoperability Protocol (CCIP) as the exclusive interoperability solution for its omnichain initiative, unagi(x). Chainlink Labs has also become an official member of COURT (Certified Organizations for Unagi Round Table), a consortium committed to joint research, development, and innovation. The partnership will help connect previously isolated blockchain networks and facilitate seamless cross-chain communications and asset transfers. Source: Link
Investment News
Valkyrie Funds, a digital asset investment management company, has introduced the Valkyrie Bitcoin and Ether Strategy ETF (Nasdaq: BTF). This dual cryptocurrency futures exchange-traded fund (ETF) is considered to be the first of its kind. The ETF offers investors exposure to Bitcoin Futures and now includes exposure to Ether Futures up to 50%. Trading under the new investment strategy will commence on October 3. Source: Link
Blockchain developer platform Alchemy has acquired Satsuma, a Web3 subgraph indexing platform. With this acquisition, Alchemy aims to address several issues faced by Web3 developers, such as slow sync times, operational overhead, engineering costs, and reliability. Alchemy Subgraphs provide enterprise-grade reliability, ensuring a 99.9% API service level agreement (SLA), while also reducing indexing speeds by up to 80%. Source: Link
Crime News
Binance, one of the leading cryptocurrency exchanges, has aided the Royal Thai Police in cracking down on criminal networks involved in major crypto scams. Binance’s Investigations team played a significant role in two investigation operations, leading to the dismantling of these criminal networks. The enforcement actions resulted in the arrest of key members and the seizure of substantial assets. Source: Link
