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Crypto Miami

Channel address: @crypto_miami
Categories: Cryptocurrencies
Language: English
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💥Latest Cryptocurrency and Blockhchain news.
Contact: @Arpiner7

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The latest Messages 13

2023-09-27 17:30:36
Argentinian Oil Producer Will Mine Crypto with Associated Gas

Tecpetrol, a major Argentinian oil producer, has announced plans to mine crypto using associated gas. The Buenos Aires-based firm explores and produces oil and gas in Argentina, as well as other LATAM countries like Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia.

And per Rio Negro, the firm plans to use associated gas in its oil fields near Vaca Muerta to generate electricity, which it will then use to power miners’ rigs. The firm has not yet disclosed which coins it intends to mine, but says it has partnered with a company that performs similar functions for US-based firms.

Tecpetrol said its crypto mining operations would begin some time “between the end of October and the beginning of November.” Ricardo Markous, the company’s Chief Executive Director, said that miners will use gas from six of the fields’ wells.

These wells produce an estimated daily volume of 60,000 cubic meters of natural gas.
145.5K views14:30
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2023-09-26 19:30:00
The Second season of MetaTrace Quest platform feature large listings on major exchanges and token utility revelations!

Don't make excuses that you weren't informed about the upcoming X's – buy $TRC token on MEXC and UNISWAP!
86.3K views16:30
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2023-09-24 18:30:00
Major European Crypto Asset Manager CoinShares to Launch US Division

Popular crypto asset manager CoinShares has announced the launch of a crypto operation in the United States.

According to a press release on GlobeNewswire dated September 22, the new US operation will be called CoinShares Hedge Fund Solutions and will solely cater to cryptocurrency investors. This is despite a hostile crypto climate in the North American country.

The eligible investors can trade across a range of private investment products as the crypto asset manager extends its market reach beyond the European crypto landscape. To identify potential institutional investors in this niche, parent company CoinShares Capital LLC will conduct marketing activities.

The company, registered with the Financial Industry Regulatory Authority (FINRA), will provide a fast-track lane for the new business’ strategies and products.

Leading this initiative is Lewis Fallas, a veteran asset management professional with 23 years of industry experience, including seven years in the crypto sector.
137.3K views15:30
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2023-09-21 17:31:15
India Ranks Second in Global Transaction Volume Despite Tax Law Challenges

India has claimed the second-largest position in the global crypto market, surpassing the UK, Turkey, and Russia in raw transaction volume.

This achievement is notable given that it comes despite challenges posed by India's anti-crypto regulatory and tax environment, a recent report from blockchain intelligence firm Chainalysis said.

In the report, Chainalysis revealed that India leads the world in grassroots crypto adoption, as indicated by its Global Crypto Adoption Index. Over the period from July 2022 to June 2023, cryptocurrency transaction volumes in India reached nearly $269 billion.

Notably, this growth has occurred in the midst of a tax landscape that can be demanding for the crypto industry, with a 30% tax on gains and a 1% tax on all crypto transactions. However, Chainalysis suggests that the inconsistent application of the transaction tax might hinder local exchanges' ability to compete effectively.

Despite these regulatory and tax challenges, the demand for cryptocurrency in India remains robust. Chainalysis emphasizes that as long as this demand persists, cryptocurrency will maintain a significant presence in the world's second-most populous country.
133.8K views14:31
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2023-09-20 13:00:04
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71.4K views10:00
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2023-09-19 22:01:52
Islamic Coin’s Reg D Public Token Offering Goes Live Ahead of its Exchanges Launch!

According to the Islamic Coin's socials the official public token offering in collaboration with Republic has launched recently. Before its grand entry on both centralized and decentralized exchanges coming later in September, Islamic Coin ($ISLM) is offering a golden opportunity to secure ISLM at a presumably better price.

The coin has a potential audience of over 2 billion holders (1.8 billion Muslims + crypto-enthusiasts). And they already have the biggest Twitter account among crypto Muslim community with 1.3 million followers.

Islamic Coin will officially launch in September on several main CEX and DEX exchanges. But even before the listing they have already secured $400M from private investments and from ABO Digital.

In addition, partnerships with SushiSwap and Pyypl will help further expand Islamic Coin's ecosystem, providing liquidity and staking assets, and setting the stage for lucrative token mining opportunities.

Get ready to witness the birth of a coin that could very well disrupt the $2 trillion Islamic financial market. And for those who are keen, the ISLM Reg D public token offering is your ticket for this promising journey.
105.0K views19:01
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2023-09-18 17:31:06
Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake

According to an X post, a cryptocurrency mining pool, F2Pool, has returned the mistakenly transferred transaction fee of 19.8 BTC made by Paxos, a Financial infrastructure firm. It started on September 10, when a transaction fee of $510,000 was paid to a miner on block 807,057 for a transaction worth $2,000.

This caused debate among the crypto community as a regular estimated fee of $2 was meant to be charged on such transactions. Initially, the crypto community suspected it was a well-experienced Bitcoin user, given a history of sending and receiving more than 120,000 transactions.

Although, F2Pool co-founder Chun Wang said that users could claim overpaid fees within three days, or they would be redistributed to miners. On September 13, as people contemplated the likelihood of what happened, Paxos took responsibility for the error after claiming that their server made the transaction.

The firm also assures its users that their funds are safe and that only the company's funds were affected by the mistake. A Paxos spokesperson confirmed that they were behind the fee blunder.

"Paxos overpaid the BTC network fee on September 10, 2023," the spokesperson said while adding:

"This was due to a bug on a single transfer, and it has been fixed. Paxos is in contact with the miner to recoup the funds."
133.8K views14:31
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2023-09-15 17:30:31
Binance US Loses Key Executives as Regulatory Issues Intensify

Binance US, the American subsidiary of the well-known cryptocurrency exchange, is experiencing a series of high-profile departures.

Today, Sidney Majalya, the Chief Risk Officer, and Krishna Juvvadi, the head of legal, resigned according to a report by Wall Street Journal. Their exits followed the recent resignation of Brian Shroder, the firm's President and CEO.

These departures add weight to speculations about a potential ripple effect of high-level exits at the firm.

Both departures come amid increasing scrutiny from the U.S. Securities and Exchange Commission (SEC). The SEC filed a lawsuit against Binance US and its CEO earlier this year, accusing the company of running an unauthorized trading platform in the United States.

Juvvadi was one of the main liaisons between Binance US and the SEC and joined the company in May 2022. Majalya took on the role of CRO in December 2021.

Binance US commented on the departures, stating, "The SEC's aggressive attempts to cripple our industry and the resulting impacts on our business have real-world consequences for American jobs and innovation, and this is an unfortunate example of that."
116.1K views14:30
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2023-09-14 19:30:00
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144.5K views16:30
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2023-09-12 17:30:52
Shocking Sybil Attack Uncovered: Individual Controls Over 21,000 Wallets on zkSync Network

According to a recent X thread, it has recently come to light that an individual has orchestrated an incredibly sophisticated Sybil attack on zkSync, a layer-2 scaling solution for Ethereum.This Sybil attack has given this individual control over a staggering 21,877 wallets within the network.

The individual's strategy involved a meticulously designed bot, which they utilized to execute various transactions within the zkSync network. Notably, these transactions were not manually conducted but automated by the bot. This level of automation allowed for a high degree of precision in the attack.

One key aspect of this attack was the individual's ability to manipulate liquidity within the network. By adding liquidity themselves, this actor was able to evade issues related to slippage that might have otherwise occurred. Consequently, they could execute a series of transactions on the zkSync Era network with remarkable efficiency and cost-effectiveness.

Furthermore, the individual behind this attack demonstrated a keen understanding of how to minimize costs. Despite accumulating an impressive volume of transactions across the 21,877 wallets, they managed to do so with minimal fees.
112.8K views14:30
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