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- 30-10-2024
30-10-2024
Fernando Fierro
October 30, 2024
Howdy folks,
🤖📰 Over 1,150 crypto accounts, primarily bots, are reportedly involved in disseminating Chinese propaganda tied to Chinese interests, according to an investigation by VOA Mandarin and DoubleThink Lab. These typically crypto-focused bots have shifted to spreading political content, highlighting a trend where accounts like "Watermelon Cloth" mix crypto news with pro-China narratives.
This issue underscores the potential misuse of bot-driven social media promotions, raising concerns about their impact on global political dynamics.
In other news:
🚀💰 Ramp Network has unveiled its revolutionary integration with Mexico's SPEI for instant crypto-to-peso conversions, aiming to transform crypto accessibility in the region. With the introduction of the SPEI system, Ramp Network offers a streamlined process for users with a much lower fee of 2.9%, making these transactions not only faster but also more financially feasible.
Although this is a significant step toward enhancing crypto adoption, it raises questions about whether global financial systems are truly prepared for the oncoming tide of digital currencies.
📉🛠️ ConsenSys is cutting over 160 jobs, totaling 20% of its workforce, citing challenging macroeconomic conditions and regulatory concerns as key factors. With Ethereum (ETH) underperforming against Bitcoin and facing stiff competition, observers wonder if this move signifies deeper issues within the blockchain giant.
However, despite the gloomy outlook, some analysts are optimistic, predicting a potential rally for Ethereum based on recent price action patterns.
🔗🪙 BitcoinOS aims to revolutionize crypto by bridging Bitcoin to Cardano, boosting BTC functionality with smart contracts without intermediaries. The newly announced Grail Bridge leverages zero-knowledge cryptography for trustless exchanges, promising heightened security and decentralization.
Nevertheless, this integration faces criticism from skeptics and Bitcoin maximalists, who dismiss it as hype, pointing out concerns about Cardano's value and motives.
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