📢✨ We're excited to announce new and interesting tasks for this week's Bounty program cycle!
To participate:
1️⃣ Fill out this form by Tuesday, October 8th, at 3 PM UTC (we will need your GoMining UID to calculate the results).
2️⃣ Many tasks this week require submitting screenshots, so register on this forum to submit your applications!
3️⃣ Complete one or more tasks from this cycle:
🔹 New tasks for this cycle - show your support and creative energy on social media.
1. Like, share, repost - earn from 2 to 20 points for simple tasks. ❤️
2. Try your hand at creating content about GoMining and earn from 2 to 20 points. ✍️
3. Create Instagram posts and earn an additional 3 to 9 points. 🖼
🔹 All our community tasks from the first week are still active:
1. Be active on our Telegram chat and Discord server to earn from 1 to 10 points each! 💬
2. Help newcomers on the Telegram chat; each reputation point equals one point on the Bounty leaderboard! 🤝
3. Participate and win in games and quizzes on Discord and Telegram! (follow the schedule on social media) 🎮
4. Invite friends to our Telegram group and earn 10% of the points they earn for their activity on Telegram! 👥
Join us, be active, persistent, and creative, climb the leaderboard, and win GOMINING tokens! 🎉
#GoMining #Bounty
To participate:
1️⃣ Fill out this form by Tuesday, October 8th, at 3 PM UTC (we will need your GoMining UID to calculate the results).
2️⃣ Many tasks this week require submitting screenshots, so register on this forum to submit your applications!
3️⃣ Complete one or more tasks from this cycle:
🔹 New tasks for this cycle - show your support and creative energy on social media.
1. Like, share, repost - earn from 2 to 20 points for simple tasks. ❤️
2. Try your hand at creating content about GoMining and earn from 2 to 20 points. ✍️
3. Create Instagram posts and earn an additional 3 to 9 points. 🖼
🔹 All our community tasks from the first week are still active:
1. Be active on our Telegram chat and Discord server to earn from 1 to 10 points each! 💬
2. Help newcomers on the Telegram chat; each reputation point equals one point on the Bounty leaderboard! 🤝
3. Participate and win in games and quizzes on Discord and Telegram! (follow the schedule on social media) 🎮
4. Invite friends to our Telegram group and earn 10% of the points they earn for their activity on Telegram! 👥
Join us, be active, persistent, and creative, climb the leaderboard, and win GOMINING tokens! 🎉
#GoMining #Bounty
🤯 It finally happened!
The first-ever 128x multiplier round in #MinerWars just closed. Huge congrats to Wagmington Clan and shoutout to the lucky player who claimed this whale of block.
There's plenty more mining to do on Week 3—keep pushing! 🫡⛏
The first-ever 128x multiplier round in #MinerWars just closed. Huge congrats to Wagmington Clan and shoutout to the lucky player who claimed this whale of block.
There's plenty more mining to do on Week 3—keep pushing! 🫡⛏
#MinerWars: Another week, another big milestone.
Over 1,000,000 GOMINING tokens have been spent on boosts, with 97.5% going straight to the prize pool! Big shoutout to all our miners—this is just the start. More exciting things are on the way. Let’s keep mining 🫡
Over 1,000,000 GOMINING tokens have been spent on boosts, with 97.5% going straight to the prize pool! Big shoutout to all our miners—this is just the start. More exciting things are on the way. Let’s keep mining 🫡
Big #MinerWars update (v0.82) is here! ⛏
💬 In-app General & Clan chats
🖥 Now playable on desktop via our website
⚙️ Performance upgrades for smoother gameplay
Live for 2 weeks and the action is already off the charts! Even more is in store for y’all. Stay tuned 🫡
💬 In-app General & Clan chats
🖥 Now playable on desktop via our website
⚙️ Performance upgrades for smoother gameplay
Live for 2 weeks and the action is already off the charts! Even more is in store for y’all. Stay tuned 🫡
💪 veGOMINING Tokens Now Boost Your Maintenance Discount
We’ve got great news! As promised, you can now use your veGOMINING tokens to increase your maintenance discount even further.
How it works:
Now, locked veGOMINING tokens also count towards boosting your GOMINING maintenance discount, alongside the balance of your $GOMINING tokens in your virtual wallet. These locked tokens aren’t used for maintenance payments, but they will still increase your discount!
To make your veGOMINING tokens increase your maintenance discount, make sure that:
1. The "Pay Maintenance in GOMINING" feature is ON ✅
2. You have enough $GOMINING tokens on your virtual wallet to cover at least one day’s maintenance.
What’s veGOMINING?
veGOMING is a voting mechanism within our tokenomics that lets you earn rewards and participate in governance. Lock in your $GOMINING to receive veGOMINING tokens that can be used to vote on governance proposals and accrue extra rewards.
Vote, save, and shape GoMining's future!
We’ve got great news! As promised, you can now use your veGOMINING tokens to increase your maintenance discount even further.
How it works:
Now, locked veGOMINING tokens also count towards boosting your GOMINING maintenance discount, alongside the balance of your $GOMINING tokens in your virtual wallet. These locked tokens aren’t used for maintenance payments, but they will still increase your discount!
To make your veGOMINING tokens increase your maintenance discount, make sure that:
1. The "Pay Maintenance in GOMINING" feature is ON ✅
2. You have enough $GOMINING tokens on your virtual wallet to cover at least one day’s maintenance.
What’s veGOMINING?
veGOMING is a voting mechanism within our tokenomics that lets you earn rewards and participate in governance. Lock in your $GOMINING to receive veGOMINING tokens that can be used to vote on governance proposals and accrue extra rewards.
Vote, save, and shape GoMining's future!
📰 GoMarket Weekly #30: Geopolitical Tensions, Bull Market Peak Forecast
What's happening in crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market.
📉 Middle East Tensions Shake Bitcoin
Global markets are on high alert as tensions between Iran and Israel escalate, causing Bitcoin to dip. The cryptocurrency has experienced a 7-day trading range of $60,047 to $66,304, leaving investors anxious amid ongoing uncertainty. This sentiment is mirrored in the Crypto Fear & Greed Index, which currently indicates "Fear" at 41, down from "Greed" at 64 just a week ago.
📈Positive Macro Signals Bring Hope
Despite recent selloffs, analysts suggest that the current weakness in crypto could be temporary. As U.S. stocks rebound, the correlation between crypto and equities could help the market recover soon, raising hopes for an "Uptober" rally 🍂📊.
📉Fed Rate Cuts & Labor Market Momentum
Jerome Powell hinted at potential rate cuts in 2024, which is normally good news for digital assets! With rate cuts sweeping the globe, central banks from the US to China are stimulating digital assets like Bitcoin to make their move. Combined with a strong U.S. labor market, these macroeconomic shifts could fuel the next crypto boom.
🚀Bitcoin Bull Market Hasn’t Peaked Yet
According to CoinMarketCap Research, we're 40.66% of the way through the current bull market, which is ahead of schedule compared to historical cycles. Analysts project a potential peak in mid-2025, driven by institutional adoption and favorable economic conditions.
⚖️Regulatory Developments on the Horizon
A new US Senate bill aims to expand the CFTC's authority over crypto trading, including the use of tokenized shares as collateral. BlackRock and Franklin Templeton could soon see tokenized versions of their funds in play, further blending traditional finance with crypto.
📜 SEC Appeals Ripple Ruling
The SEC isn't backing down, appealing the recent decision in favor of Ripple, which found that XRP sold on public exchanges is not a security. Brad Garlinghouse, head of Ripple, fired back at the SEC over its move, calling it "misguided" and "infuriating".
🇯🇵 Metaplanet Expands Massive BTC Holdings
Metaplanet has added another 107.913 BTC to its holdings, totaling 506.745 BTC, at an average purchase price of ¥9.37 million per Bitcoin. With economic stability in question, companies are seeking this stability in Bitcoin, which has emerged as a safeguard against uncertainty.
For more details, read the full report here.
What's happening in crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market.
📉 Middle East Tensions Shake Bitcoin
Global markets are on high alert as tensions between Iran and Israel escalate, causing Bitcoin to dip. The cryptocurrency has experienced a 7-day trading range of $60,047 to $66,304, leaving investors anxious amid ongoing uncertainty. This sentiment is mirrored in the Crypto Fear & Greed Index, which currently indicates "Fear" at 41, down from "Greed" at 64 just a week ago.
📈Positive Macro Signals Bring Hope
Despite recent selloffs, analysts suggest that the current weakness in crypto could be temporary. As U.S. stocks rebound, the correlation between crypto and equities could help the market recover soon, raising hopes for an "Uptober" rally 🍂📊.
📉Fed Rate Cuts & Labor Market Momentum
Jerome Powell hinted at potential rate cuts in 2024, which is normally good news for digital assets! With rate cuts sweeping the globe, central banks from the US to China are stimulating digital assets like Bitcoin to make their move. Combined with a strong U.S. labor market, these macroeconomic shifts could fuel the next crypto boom.
🚀Bitcoin Bull Market Hasn’t Peaked Yet
According to CoinMarketCap Research, we're 40.66% of the way through the current bull market, which is ahead of schedule compared to historical cycles. Analysts project a potential peak in mid-2025, driven by institutional adoption and favorable economic conditions.
⚖️Regulatory Developments on the Horizon
A new US Senate bill aims to expand the CFTC's authority over crypto trading, including the use of tokenized shares as collateral. BlackRock and Franklin Templeton could soon see tokenized versions of their funds in play, further blending traditional finance with crypto.
📜 SEC Appeals Ripple Ruling
The SEC isn't backing down, appealing the recent decision in favor of Ripple, which found that XRP sold on public exchanges is not a security. Brad Garlinghouse, head of Ripple, fired back at the SEC over its move, calling it "misguided" and "infuriating".
🇯🇵 Metaplanet Expands Massive BTC Holdings
Metaplanet has added another 107.913 BTC to its holdings, totaling 506.745 BTC, at an average purchase price of ¥9.37 million per Bitcoin. With economic stability in question, companies are seeking this stability in Bitcoin, which has emerged as a safeguard against uncertainty.
For more details, read the full report here.
#MinerWars: Big new features are on the way!
🔍 Data Insights: Soon, you'll be able to explore detailed data for previous cycles and rounds.
🏅 Badges of Honor (WIP): Digital miners that get you the win in Personal competitions will visually display special marks, boosting their rarity.
Stay tuned for more updates!
🔍 Data Insights: Soon, you'll be able to explore detailed data for previous cycles and rounds.
🏅 Badges of Honor (WIP): Digital miners that get you the win in Personal competitions will visually display special marks, boosting their rarity.
Stay tuned for more updates!
⚡Hurry! Less than 10 hours left for 20% off Energy Efficiency upgrades.
This is your last chance to use the discount (code:SUPER20) before it expires on October 8th at 3 p.m. UTC.
Why upgrade?
To prepare for the bull run with enhanced energy efficiency, which will boost your returns by saving on maintenance and electricity costs.
And it gets better: If you pay maintenance with GOMINING tokens, you get even bigger maintenance discounts. And the lower your maintenance fees, the fewer tokens you need to keep in your Virtual Wallet to unlock higher discounts!
This is your last chance to use the discount (code:SUPER20) before it expires on October 8th at 3 p.m. UTC.
Why upgrade?
To prepare for the bull run with enhanced energy efficiency, which will boost your returns by saving on maintenance and electricity costs.
And it gets better: If you pay maintenance with GOMINING tokens, you get even bigger maintenance discounts. And the lower your maintenance fees, the fewer tokens you need to keep in your Virtual Wallet to unlock higher discounts!
#MinerWars Week 3 Recap: A total of 500,000 GOMINING ($208,700) was distributed in personal rewards, sourced from Boosts, Week 3 Promo (guaranteed 500k GOMINING fund), and veGOMINING voting.
🏆 1st Place: 28,545 GOMINING (~$12,000) for 128 blocks
🥈 2nd Place: 26,315 GOMINING ($11,020) each for 118 blocks
🥉3rd Place: 19,402 GOMINING ($8,125) each for 87 blocks
Congrats to the winners! Ready for Week 4? ⛏️🤠
🏆 1st Place: 28,545 GOMINING (~$12,000) for 128 blocks
🥈 2nd Place: 26,315 GOMINING ($11,020) each for 118 blocks
🥉3rd Place: 19,402 GOMINING ($8,125) each for 87 blocks
Congrats to the winners! Ready for Week 4? ⛏️🤠
🌟Announcing 11th cycle of our Bounty program with a 1,000,000 $GOMINING reward pool 🌟
🔥 Linked to our Burn & Mint cycles, Bounty cycles start every Tuesday with new reward tasks.
🏆 Points earned in the weekly cycles accumulate on the leaderboard, where we’ll distribute 1,000,000 $GOMINING tokens at the end of the token's 4th epoch—don't miss out!
👉 How to join:
1️⃣ Register in the GoMining app here.
2️⃣ Submit this form by Oct 15, 3 PM UTC.
3️⃣ Register on our forum to apply.
4️⃣ Complete tasks and earn rewards!
Join now to start earning $GOMINING tokens!
#GoMining #GoMiningBounty #Bounty #Airdrop
🔥 Linked to our Burn & Mint cycles, Bounty cycles start every Tuesday with new reward tasks.
🏆 Points earned in the weekly cycles accumulate on the leaderboard, where we’ll distribute 1,000,000 $GOMINING tokens at the end of the token's 4th epoch—don't miss out!
👉 How to join:
1️⃣ Register in the GoMining app here.
2️⃣ Submit this form by Oct 15, 3 PM UTC.
3️⃣ Register on our forum to apply.
4️⃣ Complete tasks and earn rewards!
Join now to start earning $GOMINING tokens!
#GoMining #GoMiningBounty #Bounty #Airdrop
🛡 #MinerWars: 2,549 players received 19.3% token rebate in Week 3 thanks to the Boost Insurance fund!
As previously announced, for Weeks 3 and 4, we're allocating 50,000 GOMINING tokens to compensate players who purchased Boosts but didn’t profit based on the results of the cycle's personal leaderboard.
The negative delta has been calculated, with Week 3 rebate at 19.3%. For example, if you spent 100 GOMINING on Boosts and didn't profit, you got 19.3 GOMINING tokens back.
Let’s see what Week 4 has in store! 🫡
As previously announced, for Weeks 3 and 4, we're allocating 50,000 GOMINING tokens to compensate players who purchased Boosts but didn’t profit based on the results of the cycle's personal leaderboard.
The negative delta has been calculated, with Week 3 rebate at 19.3%. For example, if you spent 100 GOMINING on Boosts and didn't profit, you got 19.3 GOMINING tokens back.
Let’s see what Week 4 has in store! 🫡
#MinerWars: Never miss a big multiplier round! ✖️
We’ve rolled out a small but very useful update: Now you’ll receive push notifications from the GoMining app whenever a >x4 multiplier round starts.
Let’s get those blocks—it’s time to mine! 🤠⛏️
We’ve rolled out a small but very useful update: Now you’ll receive push notifications from the GoMining app whenever a >x4 multiplier round starts.
Let’s get those blocks—it’s time to mine! 🤠⛏️
📢✨ We're excited to announce new and interesting tasks for this week's Bounty program cycle!
To participate:
1️⃣ Fill out this form by Tuesday, October 15th, at 3 PM UTC (we will need your GoMining UID to calculate the results).
2️⃣ Many tasks this week require submitting screenshots, so register on this forum to submit your applications!
3️⃣ Complete one or more tasks from this cycle:
🔹 New tasks for this cycle - show your support and creative energy on social media.
1. Like, share, repost posts about Miner Wars - earn from 2 points for simple tasks. ❤️
2. Boost your Bounty points by promoting the GoBTC Foundation on X (ex-Twitter) - earn from 3 points. ⭐️
3. Create a video about your experience playing Miner Wars - get up to 100 points. 👾
🔹 All our community tasks from the first week are still active:
1. Be active on our Telegram chat and Discord server to earn from 1 to 10 points each! 💬
2. Help newcomers on the Telegram chat; each reputation point equals one point on the Bounty leaderboard! 🤝
3. Participate and win in games and quizzes on Discord and Telegram! (follow the schedule on social media) 🎮
4. Invite friends to our Telegram group and earn 10% of the points they earn for their activity on Telegram! 👥
Join us, be active, persistent, and creative, climb the leaderboard, and win GOMINING tokens! 🎉
#GoMining #Bounty
To participate:
1️⃣ Fill out this form by Tuesday, October 15th, at 3 PM UTC (we will need your GoMining UID to calculate the results).
2️⃣ Many tasks this week require submitting screenshots, so register on this forum to submit your applications!
3️⃣ Complete one or more tasks from this cycle:
🔹 New tasks for this cycle - show your support and creative energy on social media.
1. Like, share, repost posts about Miner Wars - earn from 2 points for simple tasks. ❤️
2. Boost your Bounty points by promoting the GoBTC Foundation on X (ex-Twitter) - earn from 3 points. ⭐️
3. Create a video about your experience playing Miner Wars - get up to 100 points. 👾
🔹 All our community tasks from the first week are still active:
1. Be active on our Telegram chat and Discord server to earn from 1 to 10 points each! 💬
2. Help newcomers on the Telegram chat; each reputation point equals one point on the Bounty leaderboard! 🤝
3. Participate and win in games and quizzes on Discord and Telegram! (follow the schedule on social media) 🎮
4. Invite friends to our Telegram group and earn 10% of the points they earn for their activity on Telegram! 👥
Join us, be active, persistent, and creative, climb the leaderboard, and win GOMINING tokens! 🎉
#GoMining #Bounty
Congratulations to GRINGO for winning a GoMiner Avatar in our weekly raffle! 🎉
GoMiners Avatars are premium, rare NFTs within our ecosystem, designed to elevate your mining experience with unique perks like automatic discounts or extra power.
Want to boost your mining efficiency too? Here's how:
1. Don’t have a digital miner yet? Download our app to get started.
2. Upgrade your miner with at least $10 to boost power and efficiency.
💡 Remember, every $10 upgrade boosts your miner and improves your odds in the raffle. This week's champion, GRINGO, had only a 0.092% chance of winning, proving that anyone can strike it rich!
🗓 Next drawing: October 15. Keep upgrading to boost your odds. Good luck! 🍀
#GoMining #DigitalMiners #WeeklyRaffle
GoMiners Avatars are premium, rare NFTs within our ecosystem, designed to elevate your mining experience with unique perks like automatic discounts or extra power.
Want to boost your mining efficiency too? Here's how:
1. Don’t have a digital miner yet? Download our app to get started.
2. Upgrade your miner with at least $10 to boost power and efficiency.
💡 Remember, every $10 upgrade boosts your miner and improves your odds in the raffle. This week's champion, GRINGO, had only a 0.092% chance of winning, proving that anyone can strike it rich!
🗓 Next drawing: October 15. Keep upgrading to boost your odds. Good luck! 🍀
#GoMining #DigitalMiners #WeeklyRaffle
Hey GoMiners,
Exciting news! On Monday, we’re revamping our Telegram chat with a new channel structure for better organization and engagement. Expect new topic-based channels like Announcements and Clan recruitment for Miner Wars, plus the addition of German, Spanish, and French chats—all under one roof to make them more accessible!
We’ll also be introducing new language-specific moderators to support our multilingual community. We’re so grateful for the impact Aavo and Iswebro are making as community mods, and we’re excited to expand that experience to the language-specific chats. In the meantime, all language channels are available on Discord.
Thank you for being such an amazing community! 💜
Exciting news! On Monday, we’re revamping our Telegram chat with a new channel structure for better organization and engagement. Expect new topic-based channels like Announcements and Clan recruitment for Miner Wars, plus the addition of German, Spanish, and French chats—all under one roof to make them more accessible!
We’ll also be introducing new language-specific moderators to support our multilingual community. We’re so grateful for the impact Aavo and Iswebro are making as community mods, and we’re excited to expand that experience to the language-specific chats. In the meantime, all language channels are available on Discord.
Thank you for being such an amazing community! 💜
🔄 59th Burn & Mint Cycle: Done
🔥 Burned: 1,259,129 $GOMINING tokens
🔨 Minted: 1,057,669 $GOMINING tokens
Minted tokens were distributed as:
⚡️ 687,485 to Service Provider
🔒 211,534 to veGOMINING voters
🪙 105,767 to GoMining Rewards
👥 52,883 to the GoMining team
Voting results for Cycle 60:
📌 Extra Solo mining discount: 0.92%;
📌 GOMINING added to Miner Wars Personal Rewards through voting: 53,422;
📌 Greedy Machines power boost: 0.09% per digital miner sold
🎉 Secure Your Weekly Rewards!
Lock your $GOMINING tokens in veGOMINING to earn rewards: https://app.gmt.io/ve-my-lock.
💡 Maximize Your Savings:
Use $GOMINING tokens for miner upkeep to lower electricity costs and boost rewards.
#GoMining #NFT #BurnMint
🔥 Burned: 1,259,129 $GOMINING tokens
🔨 Minted: 1,057,669 $GOMINING tokens
Minted tokens were distributed as:
⚡️ 687,485 to Service Provider
🔒 211,534 to veGOMINING voters
🪙 105,767 to GoMining Rewards
👥 52,883 to the GoMining team
Voting results for Cycle 60:
📌 Extra Solo mining discount: 0.92%;
📌 GOMINING added to Miner Wars Personal Rewards through voting: 53,422;
📌 Greedy Machines power boost: 0.09% per digital miner sold
🎉 Secure Your Weekly Rewards!
Lock your $GOMINING tokens in veGOMINING to earn rewards: https://app.gmt.io/ve-my-lock.
💡 Maximize Your Savings:
Use $GOMINING tokens for miner upkeep to lower electricity costs and boost rewards.
#GoMining #NFT #BurnMint
📰 GoMarket Weekly #31: HBO ‘Unveils’ Satoshi, FBI Creates Bait Token
Our guest expert Mike Ermolaev covers this week’s most pressing developments in the crypto space—and it’s been an action-packed few days!
📉 Bitcoin Struggles Amid Inflation & Global Uncertainty
Bitcoin’s value has been under pressure, fluctuating between $60,129 and $62,812. U.S. inflation hit 2.4% in September, while unemployment claims surged to a yearly high. These factors, combined with geopolitical instability in the Middle East and a heating U.S. election season, have left investors uneasy and risk-averse.
📈 Bull Market Before Year’s End?
Despite a shaky Q3, Bitcoin remains the top-performing asset of 2024, with a 49.2% gain so far this year! Even with a modest 2.5% rise in Q3, Bitcoin is showing signs of resilience. Investor appetite is on the rise, thanks to spot ETFs accumulating $4.3 billion in Bitcoin holdings. Could we see a strong market rebound post-election? NYDIG analysts think so, especially if Trump takes office, as his policies are expected to be more crypto-friendly.
🎥 HBO Documentary ‘Unveils’ Bitcoin’s Creator
In an explosive twist, HBO released a documentary that claimed that a Bitcoin developer Peter Todd is the real Satoshi Nakamoto. According to filmmaker Cullen Hoback, Todd—who has been involved in Bitcoin development since 2010—may have hidden his identity for over 15 years and even destroyed access to 1.1 million bitcoins, now worth $70 billion. But Todd fiercely denied the claims, calling them “ludicrous.”
🇦🇪 UAE Makes a Bold Move: VAT Exemption for All Crypto Transactions
In a major regulatory development, the UAE has announced a full exemption from VAT for all crypto transactions, retroactive to January 1, 2018. As part of a broader overhaul of tax regulations, this decision is expected to supercharge crypto adoption in the region. The new rules kick in on November 15, 2024, making the UAE a top destination for crypto businesses and investors.
⚖️ FBI Creates Its Token For Major Market Manipulation Sweep
In a historic first, federal prosecutors in Boston have filed criminal charges against 18 individuals and organizations for market manipulation in the crypto space. Gotbit, ZM Quant, and others are accused of fraudulent activities, including wash trading to inflate token prices. The authorities have seized over $25 million in assets, and Gotbit’s 26-year-old founder, Alexey Andryunin, has been arrested. Even more fascinating is that the FBI created their own Ethereum-based token, NexFundAI, to expose fraudulent activities in the crypto market.
💥 FTX’s $16 Billion Bankruptcy Plan Approved
In another major update, a U.S. court has approved FTX’s bankruptcy plan, which aims to repay up to $16.5 billion to creditors. Smaller claims (under $50,000) will be settled by the end of 2024, with larger claims being addressed in 2025. While the plan is a huge step forward, some customers remain frustrated as they’ll receive their payouts based on 2022 cryptocurrency values, missing out on the recent price surge.
Don't just keep up – stay ahead of the crypto curve. Check out the full report to dive into all the essential insights you don’t want to miss!
📲 Read the full article here 👇
Our guest expert Mike Ermolaev covers this week’s most pressing developments in the crypto space—and it’s been an action-packed few days!
📉 Bitcoin Struggles Amid Inflation & Global Uncertainty
Bitcoin’s value has been under pressure, fluctuating between $60,129 and $62,812. U.S. inflation hit 2.4% in September, while unemployment claims surged to a yearly high. These factors, combined with geopolitical instability in the Middle East and a heating U.S. election season, have left investors uneasy and risk-averse.
📈 Bull Market Before Year’s End?
Despite a shaky Q3, Bitcoin remains the top-performing asset of 2024, with a 49.2% gain so far this year! Even with a modest 2.5% rise in Q3, Bitcoin is showing signs of resilience. Investor appetite is on the rise, thanks to spot ETFs accumulating $4.3 billion in Bitcoin holdings. Could we see a strong market rebound post-election? NYDIG analysts think so, especially if Trump takes office, as his policies are expected to be more crypto-friendly.
🎥 HBO Documentary ‘Unveils’ Bitcoin’s Creator
In an explosive twist, HBO released a documentary that claimed that a Bitcoin developer Peter Todd is the real Satoshi Nakamoto. According to filmmaker Cullen Hoback, Todd—who has been involved in Bitcoin development since 2010—may have hidden his identity for over 15 years and even destroyed access to 1.1 million bitcoins, now worth $70 billion. But Todd fiercely denied the claims, calling them “ludicrous.”
🇦🇪 UAE Makes a Bold Move: VAT Exemption for All Crypto Transactions
In a major regulatory development, the UAE has announced a full exemption from VAT for all crypto transactions, retroactive to January 1, 2018. As part of a broader overhaul of tax regulations, this decision is expected to supercharge crypto adoption in the region. The new rules kick in on November 15, 2024, making the UAE a top destination for crypto businesses and investors.
⚖️ FBI Creates Its Token For Major Market Manipulation Sweep
In a historic first, federal prosecutors in Boston have filed criminal charges against 18 individuals and organizations for market manipulation in the crypto space. Gotbit, ZM Quant, and others are accused of fraudulent activities, including wash trading to inflate token prices. The authorities have seized over $25 million in assets, and Gotbit’s 26-year-old founder, Alexey Andryunin, has been arrested. Even more fascinating is that the FBI created their own Ethereum-based token, NexFundAI, to expose fraudulent activities in the crypto market.
💥 FTX’s $16 Billion Bankruptcy Plan Approved
In another major update, a U.S. court has approved FTX’s bankruptcy plan, which aims to repay up to $16.5 billion to creditors. Smaller claims (under $50,000) will be settled by the end of 2024, with larger claims being addressed in 2025. While the plan is a huge step forward, some customers remain frustrated as they’ll receive their payouts based on 2022 cryptocurrency values, missing out on the recent price surge.
Don't just keep up – stay ahead of the crypto curve. Check out the full report to dive into all the essential insights you don’t want to miss!
📲 Read the full article here 👇
📈 GoMining Secondary Market Weekly Stats!
💸 Last week, we recorded a trading volume of 613,922 $GOMINING tokens.
🏆 Top Sales:
💎 The Greedy Machines #1209: Sold for $249/1 TH
💎 The Greedy Machines #1003: Sold for $244/1 TH
💎 The Greedy Machines #1244: Sold for $244/1 TH
🛒 Enhance Your Mining Experience:
Trade digital miners securely on our official marketplace. Purchased miners are instantly added to your GoMining account.
🔍 Explore our marketplace 👉 https://bit.ly/3SWS2sR
📘 Need help? Check our FAQ 👉 https://bit.ly/46Uy8nU
#GoMining #DigitalMiners #WeeklyStats
💸 Last week, we recorded a trading volume of 613,922 $GOMINING tokens.
🏆 Top Sales:
💎 The Greedy Machines #1209: Sold for $249/1 TH
💎 The Greedy Machines #1003: Sold for $244/1 TH
💎 The Greedy Machines #1244: Sold for $244/1 TH
🛒 Enhance Your Mining Experience:
Trade digital miners securely on our official marketplace. Purchased miners are instantly added to your GoMining account.
🔍 Explore our marketplace 👉 https://bit.ly/3SWS2sR
📘 Need help? Check our FAQ 👉 https://bit.ly/46Uy8nU
#GoMining #DigitalMiners #WeeklyStats