The Proof of Workforce Foundation (POWF) and Careers In Government Inc. (CIG) have launched a strategic partnership aimed at integrating Bitcoin into public sector employment practices, according to a press release sent to Bitcoin Magazine. This collaboration seeks to enhance financial security, attract talent, and foster innovation within the government workforce through Bitcoin-based compensation and benefits.

The partnership’s focus is on developing innovative strategies for including Bitcoin in salary options and incentive structures for public sector employees. By testing these strategies, the initiative aims to create a scalable model that can be adopted by government employers…

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Monochrome Asset Management announced its Monochrome Bitcoin ETF (IBTC) will implement proof-of-reserves verification through a new partnership with Hoseki. This makes IBTC the first Australian spot Bitcoin ETF to adopt such transparency measures.

Launched earlier this year, the Monochrome Bitcoin ETF has seen steady inflows totalling 134 Bitcoin worth over AUD 11 million. The fund is now collaborating with Hoseki to provide daily proof-of-reserves for its Bitcoin holdings.

Hoseki’s advanced verification process, Hoseki Verified, will enable Monochrome to deliver independently verified evidence that investor assets are fully accounted for. This ongoing auditing sets a higher standard for…

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In August, major crypto exchanges saw varied web traffic, reflecting the dynamic and volatile nature of the cryptocurrency market. Binance led the pack with a massive 53 million visits, despite a slight -1.5% drop compared to July. Coinbase followed with 31 million visits, experiencing a -4.6% decline, indicating a slight cooling in user activity.

Gate.io saw a significant increase, with visits rising by 24% to 25 million, highlighting its growing popularity. Conversely, Bybit witnessed a 12% decrease, totaling 24 million visits. Bitget and Whitebit also showed varying trends, with Bitget’s traffic decreasing by 10% to 19 million, while Whitebit’s surged by 66%, also reaching 19 million visits.

MEXC recorded the most substantial growth, with an impressive 160% increase in web traffic to 16 million visits, signaling expanding user engagement. BitMart enjoyed a 15% increase, reaching 11 million. HTX, however, saw a significant drop, with visits plummeting by 44% to just 8.7 million.

These statistics provide a snapshot of the competitive and ever-changing landscape of cryptocurrency exchanges, highlighting how user preferences and market dynamics can shift web traffic significantly within a short time.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Tokyo Electric Power Company (Tepco) through its subsidiary Agile Energy X is innovating in the renewable energy space by using wasted solar power for Bitcoin mining near Tokyo. This groundbreaking approach not only conserves energy but also enhances corporate earnings, as the firm could generate approximately 360 billion Japanese yen ($2.5 billion) annually by utilizing just 10% of surplus power.

Agile Energy X is operating mining rigs near solar farms in Gunma and Tochigi prefectures to capitalize on energy otherwise lost due to Japan’s “output control” practices. These practices involve reducing energy production to manage supply and demand, which in 2023 led to 1,920 gigawatt-hours of power being curtailed, equivalent to the yearly consumption of 450,000 households.

The initiative could revolutionize how utilities manage renewable resources, positioning Japan as a leader in sustainable cryptocurrency mining. This contrasts sharply with EU policies, drawing global attention to the potential of integrating Bitcoin mining into green energy strategies for enhanced utility efficiency and profitability.

Report

U.S. Ethereum ETFs reveal varied net flows among different funds over the past week, shedding light on the shifting dynamics of investor sentiment and market trends. Grayscale’s ETHE experienced the largest outflow with -44,175 ETH, indicating a significant reduction in holdings, possibly due to profit-taking or strategic reallocations by investors.

Conversely, Grayscale’s ETH fund saw an influx of +5,748 ETH, suggesting continued confidence in Ethereum’s potential. BlackRock’s ETHA also enjoyed a positive week with a net inflow of +2,099 ETH. Fidelity’s FETH saw an addition of +3,000 ETH, reinforcing a trend where traditional investment firms are increasingly engaging with digital assets.

Other funds like Bitwise’s ETHW, Franklin Templeton’s EZET, VanEck’s ETHV, and 21Shares’ CETH reported no changes, which might indicate a wait-and-see approach in the current market. Invesco Galaxy’s QETH saw a slight outflow of -170 ETH.

In total, the Ethereum ETFs in the U.S. experienced a net outflow of -33,498 ETH, valued at approximately -$76.2 million, suggesting a cautious but strategic trading week as investors navigate through the evolving crypto environment.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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