Crypto Mining Difficulty Hits ATH, Gemini Investigated, South Korea Tracks Crypto

Summary:
• Bitcoin mining difficulty has hit a new All-Time High (ATH) of 39.35 T.
• The NYDFS is investigating crypto exchange Gemini over its claims related to the safety of customer funds.
• South Korea’s Ministry of Justice plans to implement a Virtual Currency Tracking System to monitor transactions and check the source of funds.

Bitcoin Mining Difficulty Hits New ATH

The difficulty of mining a Bitcoin (BTC) block increased by 4.68% on Sunday, hitting a new all-time high (ATH) of 39.35 T. It had hit its previous ATH of 37.59 T following the previous difficulty adjustment on January 15.

Gemini Investigated by NYDFS

The US, New York Department of Financial Services (NYDFS) is investigating crypto exchange Gemini over its claims related to the safety of customer funds. Gemini reportedly claimed last year that the assets of its Earn product customers were safe due to it being backed by the Federal Deposit Insurance Corporation (FDIC). Current and former FDIC officials told Axios that while the FDIC language Gemini used is misleading, it’s unclear whether it actually violates the law.

South Korea Plans Crypto Tracking System

The South Korean Ministry of Justice said it plans to create a crypto tracking system in the first half of 2021, in order to „strengthen the tracking of money laundering using virtual currency and recovery criminal proceeds.“ The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions, and check sources funds before and after remittance.

China Should Consider Long-Term Effects Of Crypto Ban

Huang Yiping, a former adviser to China’s central People’s Bank of China (PBOC), said Beijing should consider long-term effects when considering its cryptocurrency ban as reported by South China Morning Post..

FTX Seeks To Remove Turkish Units From Bankruptcy Case

Crypto exchange FTX seeks removal Turkish units from bankruptcy case arguing Turkish authorities are unlikely follow instructions from US courts according court filing stating: “The orders entered this Court do not have legal or practical effect Türkiye Debtors have no reason believe Turkish government will comply with this Court’s orders.“

Crypto Casino Stake.com Sponsors Alfa Romeo Racing Team With $100 Million Deal

• Alfa Romeo racing team has secured a $100 million sponsorship from crypto casino Stake.com.
• This is one of the first and biggest crypto-related sponsorships following the crash of FTX exchange.
• Stake has a growing list of partnerships with sports teams and famous personalities.

The crypto gambling platform, Stake.com, based in Australia, has made a landmark move by entering a partnership agreement worth $100 million with the Alfa Romeo Racing team. This marks one of the biggest, and first, crypto-related sponsorships since the catastrophic collapse of FTX exchange, which was widely known for its high-level and wide-reaching sponsorships.

The new year has brought with it a sense of optimism towards the markets, with Bitcoin rallying up around 40% year-to-date and on-chain data increasingly indicating that the worst may have passed. This resurgence in the crypto market, particularly with the rally of Bitcoin, has seemingly led to an increased interest in crypto-related sponsorships.

As part of the partnership agreement with Stake, the racing team will be adopting a new name, „Alfa Romeo F1 Team Stake“, and will be part of a long-term collaboration, as per the official statement. Bijan Tehrani, co-founder of Stake.com, commented on the partnership by saying that it will open up new opportunities for fan engagement through brand integration and activation, and that the company is dedicated to improving race weekends by providing unique experiences for fans and increasing engagement in the digital space.

Stake has a growing list of partnerships with sports teams and famous personalities. The company has previously signed a deal with Everon football club, which was considered to be one of the most valuable sponsorship agreements in the team’s history. Additionally, it also collaborated with the rapper Drake for a Bitcoin giveaway.

The Alfa Romeo F1 Team Stake partnership with Stake.com is a further indication of the renewed interest in crypto-related sponsorships, and a sign that the bear market may finally be over. With Bitcoin prices continuing to rise and the crypto market looking to make a comeback, we may be seeing more of these kinds of partnerships in the near future.

Enjin Coin Price Soars 68.9%: War of Ants Update Fixes Bugs, Introduces Ads

Bulletpoints:
• Enjin Coin Price has surged by 68.9% in two weeks
• An update for the War of Ants mobile game has been released
• The update fixed several bugs, removed the menu wallpaper and introduced interstitial ads

Enjin Coin has been experiencing a tremendous surge in price lately, with its value growing by 68.9% in two weeks. The NFT and gaming platform has seen its price skyrocket by 59.7% in a month, with its value currently dodders at $0.42. Bulls were able to successfully conquer resistance at $0.40, flipping it into immediate support.

To keep up with its growth, Enjin Coin has announced new updates for one of its games, War of Ants. The mobile strategy game, which is fueled by war, is a real-time PvP experience. Players are in charge of their own ant colony, competing with other colonies throughout the world. The updates for the game fixed several bugs, removed the menu wallpaper and introduced interstitial ads. Additionally, some units were nerfed and buffed to provide a better gaming experience.

The Enjin Coin ecosystem is continuing to expand, with the updates for War of Ants being just one example of the team’s dedication to product development. With its growing popularity, many investors are asking whether Enjin Coin will be able to reclaim its all-time high of $1 by next week. Only time will tell, but the outlook is certainly looking bullish so far.

The Galaxy Z Fold 2: An Advanced and Innovative Folding Smartphone

Galaxy Z Fold 2 Galaxy Z Fold 2 is the most recent to Samsung’s folding phones. It’s the successor to Galaxy Fold. Galaxy Fold, which was launched in April of this year. The Galaxy Z Fold 2, Samsung has taken the science of folding phones to entirely new level. The phone combines the revolutionary technology of folding phones and the capabilities of a top-of-the-line phone.

Design

Galaxy Z Fold 2 Galaxy Z Fold 2 is an original device that is unlike any other smartphone currently available. It has 2 displays which fold to one another. The main display measures 7.6 inches while the front display measures 6.2 inches. This provides more screen space while the handset is in use and also a smaller design when closed. It also features the latest Hideaway hinge designthat provides more security when it is closed.

Display

Galaxy Z Fold 2 Galaxy Z Fold 2 has two display options. The largest display is 7.6 inches and has an aspect ratio of 2260 pixels 1768. It features 120 Hz refresh rate, which allows the scrolling smoother and more flexible touch. The display on the front is 6.2 inches with an aspect ratio of 816x 2260. This provides greater screen space in the event that the handset is opened and a smaller design when it is closed.

Cameras

Galaxy Z Fold 2 Galaxy Z Fold 2 has 4 cameras. At the rear, there’s an ultra-wide-angle 12MP lens as well as an ultra-wide-angle 12-megapixel lens. In front of it, you will find an 10MP lens as well as the depth sensor. This provides greater flexibility when it comes to taking pictures and videos.

Performance

Samsung Galaxy Z Fold 2 is powered by the Snapdragon 865+ processor, and 8GB RAM. This makes it among the most powerful smartphones available. It is capable of handling heavy games and applications with ease.

Storage

The Galaxy Z Fold 2 comes with the capacity of 256GB internal storage. This is plenty of storage for the majority of users, however in case you require more space then you can increase your storage using microSD cards.

Battery

The Galaxy Z Fold 2 has an mAh battery of 4500 that can be capable of last for the whole day on just one charge. It also features rapid charging, which means you’ll be able quickly bring the phone back up fully charged.

Price

The Galaxy Z Fold 2 is one of the most advanced and creative phones currently available. It’s unfortunate that it comes with a the most expensive price. The phone costs $1,999.

Conclusion

Samsung Galaxy Z Fold 2 Galaxy Z Fold 2 is an advanced and unique folding smartphone by Samsung. It’s the successor to Samsung’s Galaxy Fold, and it enhances the folding technology of phones to a new level. It comes with two displays as well as four cameras and an impressive performance. It comes with a substantial price tag, but is worth it for people who want an innovative device.

Unzipping Files on Mac: An In-Depth Guide

Do you want to know ways to de-zip your files with Mac? Unzipping files is an everyday task for Mac because most people have to de-zip their files every now and then time. If you have to unzip several files, password-protected ones or files that are stored on iOS gadgets, this tutorial will help you remove files from Mac.

What is a Zip File?

Zip files are a kind of file that has been compressed and can contain several compressed folders and files. Zip files are generally utilized to reduce space, or to facilitate sharing the many files. When you open the file in a zip format the file is compressed and you are able to access the contents.

How to Unzip Files on Mac

Zipping files with Mac is simple. All you require is the integrated Mac software, called Archive Utility. To extract files from Mac Follow these steps:

1. Find the zip file you’d like to unzip.

2. Double click the file.

3. The Archive Utility will open the zip file and extract the contents.

4. The extracted files in the same directory in you can find the file in zip format.

Unzipping Multiple Files

If you have several zip files that you want to unzip You can utilize Archive Utility Archive Utility to unzip all of them in one go. For unzipping multiple zip files follow these steps:

1. Select all zip files that you wish to extract.

2. Right-click on the file you wish to open and then select „Open With“.

3. Choose the Archive Utility from the list of programs.

4. This Archive Utility will open all of the zip files that are selected and extract the contents.

Unzipping Password-Protected Files

If you own an encrypted zip file that is password protected and you want to unzip it, do so with the built-in Mac program, Archive Utility. To de-zip a password-protected Zip file Follow these steps:

1. Double-click the password-protected file.

2. If you are asked for a password, type it in.

3. The Archive Utility will open the zip file and extract the contents.

Unzipping with Third-Party Applications

If you have lots of zip files that you need to dezip it is possible to install a third-party program. There are a variety of third-party applications which can unzip files for Mac including The Unarchiver, WinZip, and BetterZip. These applications may also help extract password-protected files.

Unzipping on iOS Devices

If you have to unzip the file using the iOS device, like the iPhone or iPad then you can make use of Files. Files app. It’s the Files app is an integrated app on iOS devices that allows you to unzip files. To dezip a file from an iOS device then take these steps:

1. Launch the Files App on an iOS device.

2. Click on the zip file you wish to dezip.

3. Click onto the „Extract“ button.

4. The Files application will extract content of the file.

Conclusion

Zipping files with Mac is simple and is done using the built-in Mac application, Archive Utility. There are also third-party applications to dezip files on Mac or if you want to unzip a file using an iOS device then you can do so using the Files application. After reading this article you’ll be able to dezip documents on Mac.

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Bithumb Under Tax Investigation: Prosecution Summons Suspected Shareholder

• South Korean crypto exchange Bithumb has been the subject of a „special“ tax investigation by the National Tax Service (NTS) and prosecutors have summoned its suspected largest shareholder for questioning.
• The investigation is being carried out by a branch of the Bureau of Investigation of the Seoul Regional Tax Service and will examine cases of possible tax evasion.
• Prosecution officials are also investigating Bithumb’s owners, which are thought to be highly complex, with many shareholders owning stakes.

South Korean crypto exchange Bithumb has recently become the subject of a „special“ tax investigation by the National Tax Service (NTS). The investigation is being carried out by a branch of the Bureau of Investigation of the Seoul Regional Tax Service and seeks to examine cases of possible tax evasion. In addition, prosecutors have summoned its suspected largest shareholder for questioning.

The investigation was launched on January 10, when NTS officers were dispatched to the headquarters of both Bithumb Korea and Bithumb Holdings, the two companies operating the Bithumb trading platform. The NTS is seeking to “examine the domestic and international transactions of Bithumb Korea, Bithumb Holdings, and affiliate companies.” This is not the first time that Bithumb has been subject to a tax investigation. Back in 2018, the exchange was hit with a tax bill worth over $64 million.

The ownership of the exchange is thought to be highly complex, with many shareholders owning stakes. These include a number of publicly listed companies that have no other ties to the blockchain or crypto industries. As such, prosecution officials are also looking into the owners of Bithumb. This investigation was prompted by the death of the Vice President of one of the publicly listed companies, which was ruled a “suspected suicide.”

The investigation into Bithumb has caused concern amongst its users, many of whom remain unaware of the potential implications for the exchange. This has been further complicated by the fact that the NTS has yet to issue a statement regarding the investigation.

It is unclear how the investigation will impact the exchange, but it is likely that the process will take some time to resolve. In the meantime, Bithumb users are advised to take extra precautions when using the platform, to ensure that their funds remain safe.

China Launches State-Backed NFT Marketplace: Crypto Assets Sidelined

• The Chinese government has announced plans to launch a state-backed „non-fungible token (NFT)“ marketplace.
• The platform will go live on January 1 and will be an official “secondary market for digital assets that comply with national regulations”.
• Private blockchain networks and NFTs are being used, but crypto assets are being sidelined in favor of fiat yuan.

The Chinese government has recently made moves to enter the NFT space with its own version of a state-backed „non-fungible token (NFT)“ marketplace. The Hangzhou Internet Court ruled that virtual items such as NFTs can be legally recognized as property, and Beijing is now ready to launch the China Digital Asset Trading Platform on January 1. It will become an official “secondary market for digital assets that comply with national regulations”.

The government is determined to sideline all crypto assets and instead cherry-pick technological advances associated with crypto and the blockchain space. Private blockchain networks and NFTs are part of this picture, but firms have been encouraged to label their products as „digital collectibles“, rather than NFTs, and limitations have been placed on secondary market trading in a bid to reduce „speculation“ on NFT prices. Cryptocurrency will be replaced by the fiat yuan currency, and marketplace transactions will be recorded on centralized ledgers, rather than on the blockchain.

The Chinese government is placing a heavy emphasis on its own version of an NFT marketplace, and it’s clear that it sees potential in digital assets. Although it remains to be seen how this platform will be used, it could be a way of allowing Chinese citizens to access the virtual asset market. It is also possible that this platform could be used to provide a gateway to wider international markets, with digital assets being traded with foreign countries.

The Chinese government’s decision to launch its own NFT platform could be the start of something significant. It will be a test of whether the state-backed model can be successful in a space that has traditionally been dominated by decentralized networks. It will also be interesting to see how the Chinese government will continue to regulate the space, and if other countries, such as the United States, will follow suit.