According to Cointelegraph, the parliament of the Swiss canton of Bern has approved a motion to commission a report on Bitcoin mining, despite opposition from the canton’s Government Council. The report, proposed by the multiparty Bitcoin Parliamentary Group, aims to explore the feasibility and implications of Bitcoin mining in the region. The motion passed with a vote of 85 to 46, marking a significant step for supporters who view this as a victory. The report will investigate potential sources of excess energy within the canton, opportunities for collaboration with Swiss Bitcoin miners, and the possibility of Bitcoin mining contributing to the stability of the electricity grid. The group drew inspiration from the US state of Texas, which has integrated Bitcoin mining into its state energy policy. By promoting Bitcoin mining, the canton could potentially attract mining companies and jobs, encourage renewable energy use, and enhance grid stability. The proposal for the report was introduced in March as part of several initiatives by the parliamentary group. Despite the Government Council's recommendation against the proposal in September, the motion gained a clear majority. Canton member of parliament Samuel Kullmann noted that the debate was influenced by classic FUD (fear, uncertainty, and doubt) arguments but ultimately reflected a changing narrative on Bitcoin. The Government Council argued that energy use in Bern Canton is an international issue, as the region exports energy. They also highlighted the growing energy consumption from other data centers and the development of energy storage technology. Additionally, they pointed out that Bitcoin mining is subject to market trends and that Bitcoin is not legal tender, thus not under the control of the Swiss National Bank. Despite these challenges, Switzerland maintains a pro-crypto stance. Dennis Porter, co-founder of the Satoshi Action Fund, contributed to the preparation of the proposal. Porter also played a role in drafting the "Bitcoin rights" legislation in Pennsylvania, USA. Ripple CEO Brad Garlinghouse has praised Switzerland for its supportive crypto environment, with cities like Lugano and Zug being notable hubs for blockchain innovation.

The private market platform says $15 million in Pump.fun equity is for sale. source: https://cointelegraph.com/news/second-lane-pump-fun-equity-1-5-billion-fdv?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Cointelegraph, North Korean hackers have reportedly intensified their social engineering scams aimed at stealing cryptocurrencies by infiltrating numerous large, multinational information technology companies. At the Cyberwarcon cybersecurity conference, researchers identified two North Korean hacker groups, "Sapphire Sleet" and "Ruby Sleet," as key players in these operations. Sapphire Sleet has been targeting individuals through fraudulent employment schemes, posing as legitimate recruiters to lure victims into interviews or job offers. During these interactions, the hackers infect the victims' computers with malware disguised as PDF files or malicious links. Meanwhile, Ruby Sleet has successfully infiltrated aerospace and defense contractors in the United States, the United Kingdom, and South Korea, aiming to steal military secrets. The report also highlights that North Korean IT workers are using fake identities, crafted through AI, social media, and voice-changing technologies, to infiltrate companies and execute recruitment scams. The threat posed by North Korean hackers to the cryptocurrency industry is not new. Prior to the Cyberwarcon warning, hackers linked to the DPRK regime had already been targeting cryptocurrency firms using similar tactics. In August, onchain investigator ZackXBT identified 21 developers, believed to be North Koreans, working on various crypto projects under fake identities. In September, the Federal Bureau of Investigation (FBI) issued a warning about North Korean hackers targeting crypto companies and decentralized finance projects with malware disguised as employment offers. Once users downloaded the malware or clicked on malicious links, their private keys were at risk of being stolen. In October, concerns arose within the Cosmos ecosystem regarding its Liquid Staking Module, which was allegedly developed by North Korean developers. Jacob Gadikian, a Cosmos ecosystem developer, remarked that the individuals behind the LSM are among the world's most skilled and prolific crypto thieves. This prompted several security audits of the Cosmos Liquid Staking Module due to fears of backdoors and other malicious code. The ongoing threat from North Korean hackers underscores the need for heightened cybersecurity measures within the cryptocurrency and IT sectors.

Meme coins are doing well in 2024, helped by the ongoing crypto bull run and the fear of missing out. Pepe coin has emerged to be one of the best-performing cryptocurrencies this year as it jumped by 1,472% from its lowest point in January. This article explores why Pepe may continue rising and why crypto […] The post iDEGEN: The next Pepe with a potential for 1,000% gains appeared first on... source: https://coinjournal.net/news/idegen-the-next-pepe-with-a-potential-for-1000-gains/

Bern’s Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it. source: https://cointelegraph.com/news/swiss-bern-bitcoin-mining-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The government of North Korea (DPRK) has reportedly employed various hacking groups, most notably the Lazarus Group, to seal crypto in recent years. source: https://cointelegraph.com/news/north-korean-hackers-expand-social-engineering-operation-it-firms?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ex-CFTC chair Chris Giancarlo has predicted that the U.S. SEC is likely to end its simmering lawsuit with blockchain payments startup Ripple. source: https://zycrypto.com/former-cftc-boss-giancarlo-predicts-sec-will-drop-years-long-ripple-lawsuit-over-xrp/

null source: https://x.com/DaanCrypto/status/1862240549543321866

The founder of the Cardano (ADA) blockchain Charles Hoskinson is leaning bullish on Bitcoin (BTC). Hoskinson says Bitcoin could skyrocket by up to 436% from the current level within two years. According to the Cardano founder, Bitcoin’s surge will be fueled by growing demand. “It is my belief that Bitcoin is going to go to […] The post Bitcoin Could Reach up to $500,000 Within 24 Months, Says... source: https://dailyhodl.com/2024/11/28/bitcoin-could-reach-up-to-500000-within-24-months-says-cardano-founder-charles-hoskinson-heres-why/

The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work. source: https://cointelegraph.com/news/microsoft-breakthrough-quantum-exclusive-future-blockchain-mining?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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Vancouver is exploring using Bitcoin in its financial reserves to protect against economic instability and inflation. The city aims to position itself as a hub for digital asset businesses and attract tech talent.