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Greenidge Generation Wins Legal Battle to Operate in New York

Summary: Greenidge Generation which is a bitcoin mining company secured a grand and difficult legal victory allowing it Dresden, New York, facility to continue operations. The New York Supreme Court ruled against the state’s department of Environmental Conservation (DEC), calling its falsehood of Title V Air Permit “arbitrary and capricious”. This is a good indication for other mining companies facing such problems but if there’s a problem it must go to legal standpoint and be won like the one Greenidge had.

Court Clears the Way for Greenidge

Greenidge won the legal battle as the New York Supreme Court overturned the DEC’s denial of Greenidge’s air permit, showing a lack of rational basis for its decision. Judge Vincent Dinolfo openly and boldy criticized the DEC’s interpretation of the Climate Leadership and Community Protection Act (CLCPA), which makes sure Greenidge can work without anyone and anything to interuppt, this might just prove to be the most significant win Greenidge has had over the time.

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Legal Battle Overreach

Greenidge had it’s initial plans set as its fresh argument included criticizing DEC for overstepping its authority by denying the permit despite the facility’s following the laws, which shines a truly negative light on DEC. The company stayed on its ground and won the ruling for ” facts and the rule of law” over “politically motivated governmental overreach.”

Looking in the future

This ruling marks Greenidge’s not first not second but seventh favorable decision on operational matters. The company still aims to conduct a partnership with the DEC on a new permit while also improving its contributions to the locals and the economy through job creation and electricity generation. This is a very fascinating case and also a case where everyone can learn something as this case highlights tension between environmental policies and industrial development in New York.

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Sad Hamster (HAMMY) Memecoin Soars 50% After Elon Musk’s Viral Tweet

SHORT EXPLANATION: Elon Musk recently tweeted about a $3M hamster study which exploded and it’s affect was also seen on crypto scene as Sad Hamster (HAMMY), meme coin surged drastically by 50%. A single tweet by the richest person of planet earth managed to affect a meme coin in such a way that it hit $0.05 before being stable at $0.041, with trading volume soaring as memes and hashtags flooded social media.

Elon’s Tweet Sparks HAMMY Frenzy

The tweet from Elon wasn’t even remotely about the meme coin but about a bizarre government funded hamster study but this managed to leverage the Sad Hamster (HAMMY) into the greatest spotlight it could ever hope for. The coin’s price jumped nearly 50% within just hours of that tweet, hitting $0.05 before finally settling at $0.041.

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Social Media Goes Wild

Social media took the hype to the next level, the hashtags #SadHamster trended on X, with countless and by countless I mean hundreds and hundreds of meme fueling the coin’s popularity. The Musk effect on meme coin is absolutely legendary, with tokens like Dogecoin and Shiba Inu are experiencing surges after this tweet.

HAMMY: The Wildcard

Unanticipated and unexpected surge of HAMMY shows volatility of the crypto market, which means it can always go up and down. However, though it may seem like a good deal, HAMMY still remains a speculative asset. We mere humans have no way to figure out whether it will remain in the spotlight or fade away in abyss but for now HAMMY is showing its greatness and the one who caused it is out beloved Elon Musk.

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Michael Saylor Predicts Bitcoin’s Rise to $100K Under Trump’s Pro-Crypto Administration

Summary: Widely known personality in crypto space, Michael Saylor says Bitcoin will hit $100,000 by the end of the year as he believes this run is fueled by President-elect Trump’s pro-crypto rules and the dominant presence of Republican in Congress. Saylor himself has a company which holds a massive number of BTC, to be exact the number is 279,420 and it attributes Bitcoin’s current rally to a great political shift for digital assets.

$100,000 Bitcoin by New Year’s Eve

Michael Saylor is very confident that BTC will hit $100,000 before the end of this year and he very happily says he’ll also organize a celebratory party at his home for this incident. He also strongly disagreed with people who still believe BTC will dip below $60k after this drastic surge by stating that BTC is still on a solid upward trajectory as it hit $93,400 following the U.S.CPI report.

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Political Tailwinds for Crypto

Michael Saylor give complete credit of this insane BTC surge to President-elect Donald Trump and Republican-led Congress. He even goes so far and calls this the “biggest thing for Bitcoin” in years. He doesn’t stay put on present but also predicts a wave of pro-crypto policies and frameworks that will strengthen the digital asset industry.

MicroStrategy Double Down

MicroStrategy with a strong base and strategy for future increased its BTC holdings to 279,420 tokens, investing an absurd additional amount of $2.03 billion. Saylor still remains positive about the bullish momentum of Bitcoin, majorly speaking about its leadership in the ongoing crypto market, which has contributed so much to the lifting of altcoins like Ethereum, Solana and meme coins.

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Prosper Secures Funding from BIT mining for Bitcoin Mining Protocol

Summary: BIT Mining has invested on a Decentralized Bitcoin mining protocol named Prosper. This is done with the aim of advancing its mission to give institutional-grade mining energy and liquidity farming. This isn’t the first investment announced on Nov. 14 but is the second in two weeks. This investment is following backing from Waterdrip Capital. This exciting news has surged the price of Prosper’s native token, PROS by 7%.

Strategic Investment from BIT Mining

BIT Mining has donated a strategic investment to Prosper, which is famously known for giving out hashrate-backed tokens linked to Bitcoin mining power which is truly a positive steps towards better crypto ecosystem. Prosper and its team knows how important this investment is and sees this as a significant endorsement of its vision to bridge Bitcoin mining to blockchain.

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A Growing List of Investors

Prosper got it’s first investment from Waterdrip Capital which is a capital firm in the blockchain space and BIT Mining’s the second investment. This sudden increase of institutional support has surged Prosper’s token, PROS to $0.52 following the most recent investment.

Future Benefits for Token Holders

If we are to look ahead in the distant future, Prosper needs PROS token holders to engage themselves in protocol governance through either voting for BNB Chain or Ethereum. The participants won’t return home empty handed as, those who participate will be eligible for unique and exciting staking rewards, moreover boosting Prosper’s appeal to long-term investors.

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Arkham Unveils Points Program to Attract Derivatives Traders

Arkham has launched a crypto derivatives exchange with an exciting 30-day points program that converts into ARKM tokens. Targeting major retail traders, it offers onchain audits and PoR but excludes U.S. users. Crypto derivatives trading is absolutely booming, just recently it hit a milestone of $3T+ volume with platforms like CME and Crypto.com baking it up for with futures tied to popular coins.

Arkham Intelligence is a blockchain analytics firm that primarily specializes in tracking and analyzing cryptocurrency transactions. It provides all tools essential in order to identify the entities behind crypto wallet addresses, and hence offers insights into blockchain activity. This blockchain analytics firm has started a points program to woo traders to its newly launched cryptocurrency derivatives exchange, according to an announcement made on Nov. 14.

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This basically means traders can earn points from trading spot crypto and perpetual futures contracts. The program is set to last for overall 30 days and the points thus earned will be converted into Arkham’s native token, ARKM. On November 6, they even launched a digital assets derivatives exchange. This exchange will reportedly target retail traders and compete with existing platforms such as Binance. In short, it mixes their research with onchain audits and proof-of-reserve (PoR). But heads up, it’s not available for U.S. users. This is likely due to regulatory restrictions and compliance issues around crypto trading platforms in the country.

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Bitfinex Hacker Lichtenstein Gets 5-Year Prison Sentence

Ilya Lichtenstein, the man behind the infamous 2016 Bitfinex hack which resulted in $71M (now billions) being stolen, has got 5 years in prison for laundering with his wife, Mrs. Heather Morgan. They used every shady techniques like creating fake ID’s, darknet markets, and NFTs to hide their funds. After finally being caught Lichtenstein cooperated and helped solve cybercrime cases while his wife is also facing sentences soon.

Ilya Lichtenstein from Russia is has been sentenced to five years in prison for working together with his wife to steal and launder billions of cryptocurrency. His wife is a rapper who goes by the name  “Razzlekhan” on her social media and she also pleaded guilty last year for their heinous crimes. Reportedly, Morgan has faced an 18 month sentence recommendation and that will be finalized on November 18.

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This case dates back to 2016, the time when Lichtenstein managed to hack into the Bitfinex exchange, stealing 119,754 Bitcoin worth $71 million at the time. The recent surge of Bitcoin makes the overall stolen amount rise to billions of dollars. The scale of this money and the complexity involved in the case has made this one of the most infamous heist in crypto.

Judge somewhat praised Lichtenstein by calling his Bitcoin heist super calculated. He and his wife both, used fake IDs, crypto exchanges, and even bought NFTs to hide stolen funds. However, after pleading guilty he cooperated with cyber police force and is also helped them solve other cybercrime cases. He showed remorse and promised to fight against cybercrimes. This case really highlights how wild crypto crimes can get.

Bhutan Sells $33M in Bitcoin Amid Price Surge

Bhutan has just sold $33.5M worth of Bitcoin at its peak price, this added to the previously sold $66M overall becomes $100M and this is just the data of this month. Well, even after this the country still holds 12,206 BTC, that totals about $1.11B. Bhutan mines bitcoins using its epic hydro power. Their strategic moves are inspiring other nations, with talks of a U.S. “Strategic Bitcoin Reserve” gaining major buzz.

The kingdom of Bhutan has just recently sold about  367 Bitcoin, worth around $33.5 million, through Binance. Arkham Intelligence says that the transfer took place exactly  at 12:06 a.m. UTC. Bitcoin’s price was high, above $90,000 at that time. Two weeks earlier Bhutan had sold  $66 million worth of Bitcoin, that time it was just $70K which is still lot but after the elections BTC has really surged like never seen before.

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Overall Bhutan still has about 12,206 BTC, considering current price that amounts to about $1.11 billion. These Bitcoins holdings are managed by Druk Holding & Investments. Bhutan seems to sell them strategically so as to make as much profit possible. The recent rally of Bitcoin was the right moment for them to sell out some of the BTC and hence profit is all theirs.

Conclusion

Bhutan’s killing it as the 5th biggest Bitcoin-holding government, leveraging its hydro power energy source instead of seizures to mine BTC. Their high sell-strategy is attracting every major global organizations. Even the US. is thinking of creating a “Strategic Bitcoin Reserve” with recent buzz from Trump and Senator Lummis.

Pennsylvania Looks to Build Bitcoin Reserve

Synopsis: A latest bill has been proposed to invest state funds in Bitcoin in Pennsylvania’s legislature which is being led by the one and only Mike Cabell. This Pennsylvania Bitcoin Strategic Reserve Act would allow the corresponding state to fight against rising and terrifying inflation by allocating a maximum of 10% of certain funds into Bitcoin. This initiative signals rising interest in crypto as a strategic asset across the great U.S.

State Pushes for Bitcoin Reserve

The latest legislative move done by Pennsylvania wants to make Bitcoin which is a booming cryptocurrency right now into a part of the state’s financial strategy. This idea planted by Representative Mike Cabell, the bill, now known as the Pennsylvania Bitcoin Strategic Reserve Act. This act this act of brilliance into the crypto space proposes investing up to just 10% of key state fund which also includes the Rainy Day Fund in Bitcoin. Cabell very boldly claims and strongly believes that Bitcoin is the future and could provide an economic buffer in difficult times.

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Bitcoin as a Safety Net

One of the current global problem includes inflation and U.S. is no different as inflation still remains a rising concern, Cabell in the mist of all this trouble suggests Bitcoin as a helping hand hoping to stabilize the state’s economy. Notable and reputed players like BlackRock and Fidelity continuously investing in Bitcoin offer a hint of the asset’s potential to diversify and bring hard resilience to portfolios.

National Shift Toward Crypto

This start from Pennsylvania goes hand to hand with a broader pro-Bitcoin sentiment across the United States right now. as the call for a national digital asset framework grows day by day. The bill came after Pennsylvania’s recent Bitcoin Rights legislation. which passed the House and showcases residents’ rights to securely hold digital assets.

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Trump’s World Liberty Financial Integrates Chainlink for Offchain Data

Shortly, World Liberty Financial (WLFI) is a decentralized digital finance projects also widely known as DeFi project which has links to Trump Organization and is now partnering with Chainlink to combine data feeds in support of its upcoming Aave c3 Launch.

Partnership with Chainlink

WLFI announced it’s partnership with Chainlink on November 14 and said it selected chainlink to provide necessary price feeds and data connectivity for its decentralized finance service. It is also said and highly anticipated that this partnership will begin with integration of Chainlink Price Feeds on Ethereum, however it still requires approval through WLFI’s Governance Platform. Chainlink isn’t the weak link in this partnership as it’s infrastructure provides access to essential onchain data and cross-chain capabilities, which have successfully powered and supported over $16 trillion in transactions.

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Trump’s Vision for Crypto

Eric Trump, WLFI’s web3 ambassador, showed excitement and enthusiasm about this unforeseen partnership, calling it a significant step towards crypto excellence. The project’s founder Donald Trump, boldy stated WLFI in September with a fantastic aim of establishing America as a global crypto phenom, a crypto sensation and be known as Global crypto leader.

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Hamster Kombat Surpasses $5.3B in Volume, Gains 11M Token Holders

Hamster Kombat token (HMSTR) is back on track as it stays hot in trading. It just hit massive $1.3B daily spot and $4B perpetual volumes, despite its Web3 game losing 86% of users since August. After this recent news, Tokenholder vibes stay strong at 11M even though active addresses and price have dropped significantly. Binance Dubai talks stressed keeping Web3 games fresh and emotionally engaging.

A profoundly known crypto gaming platform called Hamster Kombat has managed to amass a community of 11 million tokenholders. The team even jokingly compared this number to about 239 Yankee Stadiums full of hamsters, which made it seem like a legit strong community that holds strong belief in token’s value and so is the truth as well. On November 14, they declared an amazing $1.3 billion in daily spot trading volume and $4 billion in perpetual trading volume for HMSTR.

However, analysts report major decline in the user engagement lately. The token’s price reflects this decline well, as it has fell down form a high of $0.01 on September 26 to $0.0022 on November 4. Nevertheless, their loyal fanbase’s emotion remains strong and very much positive. CoinMarketCap research indicates that over 73% of the total 87,689 voters are very optimistic about Hamster Kombat, while remaining 27% are in doubt.

Recently, at Binance Dubai, Notcoin co-creator Sasha Plotvinov shared his opinion which stated that Web3 games need to vibe with players emotionally and always feel fresh to keep them engaged. Speaking especially on the “Telegram Mini Apps and Games” panel, he believes social and emotional connections are key to keep players coming back.

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