Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities.

The cryptocurrency market got its first Bitcoin ETF this week after a long. The market also responded in equal measure with an overwhelming demand for the ProShares strategy Bitcoin ETF.

IOTA, a smart contracts platform redesigning the distributed ledger technology, has released the beta version of the network’s new smart contracts solution. With the launch, the Internet of Things (IoT) protocol has made a move towards Web3, along with adding new utility of decentralized applications (dApps).

Closely followed crypto analyst and trader Michaël van de Poppe is saying that the current Bitcoin correction is likely not yet over. In a new strategy session, Van de Poppe tells his 136,000 YouTube subscribers that BTC could drop further before the leading crypto asset can show signs of recovery.

Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns.

3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned.

Valkyrie has announced the launch of its Bitcoin Strategy ETF (BTF), becoming the second of its type in the US. The Bitcoin futures ETF began trading on the 22nd of October after receiving approval from the US Securities and Exchange Commission (SEC).

Polygon’s team has paid a record bounty of $2 million to white hat hacker Gerhard Wagner for discovering a critical vulnerability that had put around $850 million of capital at risk. Gerhard’s discovery identified a potential “double-spend” bug on Polygon’s Network that could have turned out to become a costly affair.  According to Immunefi, a bug bounty and security platform that also hosts Polygon’s bounty program, this is the highest bounty to be paid in DeFi.  The Vulnerability  Immunefi, a firm that facilitates bug reports in Decentralized Finance, put up a blog post stating Polygon’s Plasma Bridge was at risk of having around $850 million stolen by a competent enough hacker.

Popular New Zealand based crypto analyst and influencer Lark Davis says that Bitcoin is set to continue its bullish trend next year.

Polkadot co-founder Gavin Wood has announced an 18.9 million DOT ($777 million) development fund just ahead of the network’s launch of the auctions for the initial batch of parachain slots.  Here is an overview of Polkadot using information from the Polkadot website: “Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains.