Title: Compromised Chatgpt Accounts Discovered on Darknet, North Korean Analyst Warns of Dollar Dominance End, Bitcoin Cash Hashrate Surges, and More – Week in Review
In the world of finance and crypto, it has been an eventful week with various developments taking place. As we enter July, let’s dive into the highlights: compromised Chatgpt accounts being sold on the darknet, the surge in Bitcoin Cash’s hashrate following an increase in BCH price, a North Korean analyst’s perspective on the threat to the dominance of the U.S. dollar, and other noteworthy news. Welcome to the Bitcoin.com News Week in Review.
North Korean Analyst Cautions about the Accelerating Decline of Dollar Dominance
According to a North Korean analyst, the U.S.’s restriction on the usage of the dollar and the growing interest of countries joining the BRICS bloc are contributing to the hastening decline of the U.S. dollar as the world’s leading currency. These actions pose a challenge to the hegemony of the United States.
Turkish Lira Hits Record Low after Central Bank’s Interest Rate Policy U-Turn
Shortly after the central bank’s decision to hike interest rates for the first time since 2021, the Turkish lira plummeted to 25.74 per dollar. Despite the widely anticipated rate hike, the increase fell short of the 21% forecasted by some analysts.
Bitcoin Cash Hashrate Gains Momentum, Attracting Miners with Improved Profitability
Bitcoin Cash has experienced a surge over the past fortnight, with its value against the U.S. dollar rising by 182%, attracting more hashrate to its network. Currently, approximately 22 bitcoin cash mining pools are allocating SHA256 hashrate to the chain. BCH mining is 2.7% more profitable than BTC mining, which has contributed to the increased interest from miners.
Over 100,000 Compromised Chatgpt Accounts Discovered on Darknet Markets
Researchers in the cybersecurity domain have identified tens of thousands of devices infected with info-stealing malware, compromising Chatgpt credentials. These account details are being sold on the dark web, with the Asia-Pacific region leading in terms of the number of such offers.
Understanding De-Dollarization and Its Shift Away from the U.S. Dollar’s Global Dominance
The concept of de-dollarization, which gained significant attention in the latter half of 2022 and continues into 2023, has been making headlines. Countries like Brazil, China, and Russia from BRICS have been actively striving to diminish the dominance of the U.S. dollar. While some believe that the dollar’s global reserve status is on the verge of dissolution, others argue that the hype surrounding de-dollarization has been overstated.
We would love to hear your thoughts on this week’s stories. What are your predictions for the price and hashrate of Bitcoin Cash in July? Share your opinions in the comments section below.
