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LocalBitcoins falls victim to crypto winter
A crypto winter can be challenging. Continually checking your portfolio and hoping today is the day the market turns around isn't good for your health. You might consider taking some time away from crypto altogether during this downtime. You can exercise, spend time with family and friends, or enjoy the countryside.
The state of Illinois decided to make a difference in the world of blockchain, and it succeeded. The local Senate wants to be able to... cancel bitcoin transactions.
According to the Digital Property Protection and Law Enforcement Act, validators must cancel transactions and return the funds to the sender or transfer them to the state Treasury if ordered by the state's attorney. The same goes for smart contracts, which must be rescinded upon a valid court request.
Shall we expect a manual sunset in the next bill?
A bitcoin mining operation powered entirely by "green" nuclear energy has just launched in Pennsylvania. TeraWulf has announced that it will be using the Susquehanna nuclear power station to mine BTC.
The key details about the project:
Nuclear power station capacity – 2.5 GW.
Fixed cost of electricity – $0.02 per kWh for five years.
Planned load – 50,000 mining rigs, 160 MW.
Actual load at present – 8,000 mining rigs.
Computing power – 5.5 EH/s.
With such a low electricity rate, this project promises to be highly profitable even in a bear market. Indeed, it's a far cry from mining BTC in a school's crawlspace!
Blockchain technology has been used to pilot Brazil's digital real. Execution took place on the Stellar infrastructure of the local Mercado Bitcoin exchange.
The experiment included a KYC procedure, a fraud protection check using decentralized identity identification, and direct fund transfers.
All worked well, no violations of the country's laws were detected (thankfully, the tests had not yet been banned), though Mercado's head teased that the Central Bank's real motive was to see how things would unfold if it lost its direct control over money. US school official caught stealing electricity for Bitcoin mining
The Massachusetts prosecutor's office reported about the bust of a secret group of illegal miners, led by a former employee of a local school, Nadeam Nahas. He is accused of running an illegal BTC mining operation at the school's crawlspace.
The Wall Street Journal recently published a sensational article about a handful of mysterious coders-maintainers who back Bitcoin Core and have the power to crash the network at any time!
It turns out that Bitcoin Core only has 5 maintainers, with the sixth leaving the group due to burnout and health issues. And only 17 people had the ability to change the code throughout the entire BTC existence. Furthermore, the code base is hosted on GitHub, a Microsoft-owned website...
What? Five cripples decide the fate of the world's most decentralized project?
While our editor was getting an indirect heart massage, our techs reassured everyone that this was pure FUD and that there are plenty of ways to avoid any of these guys' tricks.
Also, the well-known cypherpunk Adam Back has already come up with a counter-argument. Take a deep breath and relax! 












