● Binance announces the launch of Binance Pay in Brazil

According to the Binance blog, Binance announced that it has launched Binance Pay in Brazil to simplify crypto payments for local merchants.

Since its initial launch in 2021, Binance Pay has over 12 million active users and has processed over $98 billion in payments to date. Binance Pay is currently available in Brazil, Latin America, Argentina, Mexico, and Colombia. Payment services in Brazil are provided by Latam Gateway, which works with the Central Bank of Brazil to ensure the processing of legal payment activities.

● Bitcoin mining difficulty hits a record high, up 6.17% to 55.62 T

BTC.com data shows that the difficulty of Bitcoin mining underwent a mining difficulty adjustment at 01:16 this morning (block height 804384), with the mining difficulty increased by 6.17% to 55.62 T, a record high.

● Binance reminds users to avoid social engineering scams and it is crucial to manage personal digital footprints

According to a Binance blog post, users need to be careful to guard against social engineering scams. Social engineering is a method used by cybercriminals to exploit human psychology and deceive victims through phishing emails, phone calls or messages. Digital footprints have also become information that criminals use social engineering techniques to target individuals, so it is crucial to manage personal information to reduce potential risks.

Users need to be alert to potential threats, and it is recommended to enable features such as two-factor authentication, SMS verification, and Google authentication to increase security. Binance only communicates through its official, verified channels and will never contact via text message or add users to group chats. Users can use Binance’s official verification channels to prevent fraud. Binance will continue to strengthen security measures and cooperate with law enforcement agencies to curb fraud at the source.

● Local company in the Sultanate of Oman launches new data hosting and crypto mining center worth approximately $370 million

According to Oman Observer, Exahertz International, a local company in the Sultanate of Oman (a subsidiary of Afaaq for Advanced Technologies), launched a new data hosting and crypto mining center worth 135 million Omani riyals (about 370 million US dollars). The center is also the second largest enterprise to enter the crypto mining field in the country. The first is Al-Madina Al-Khadraa, which is worth about 150 million Omani riyals. The new data center is considered a milestone in Oman's digital transformation.

● Bank for International Settlements: Regulation of the crypto industry is preferable to a blanket ban

According to CoinDesk, central banks in Latin American countries such as Mexico and Colombia said that although cryptocurrencies have not definitely reduced financial risks in emerging markets, the response strategy should be regulation rather than a total ban. Cryptocurrencies are more commonly used in developing countries due to exchange rate fluctuations and insufficient banking services.

Chainalysis data shows that of the 20 regions with the highest cryptocurrency usage in the world, only two are from developed countries, and the rest include Vietnam, Brazil and India. However, the study pointed out that the promise of cryptocurrency to fight inflation and provide low-cost payments is only part of its "illusory appeal." A research report released by the Bank for International Settlements (BIS) in Basel stated that crypto assets have played an amplifying role in financial risks in developing countries and recommended regulation of the field rather than a blanket ban.

● Report: The fading of crypto market "buy the dip" sentiment may indicate opportunities

According to CryptoPotato, after the crypto market fell, many people hoped that the market would rebound quickly, and the frequency of mentions of "buy the dip" in social media channels increased significantly. However, most of this idea has faded, and major assets such as Bitcoin are still hovering in the bear market area, with no signs of reversal in the short term. According to Santiment's latest observations, people are no longer sure that this is an opportunity to buy the dip, which means that pessimism in the market is beginning to dominate again. Historically, when all four social media platforms (Reddit, Twitter, 4chan, and Telegram) reach a consensus and return to neutral mentions of "buy the dip", it is an appropriate time for patient traders.

● Nodal Power closes $13 million seed round to build renewable energy plants on landfills

According to Bitcoin Magazine, Nodal Power, which reduces methane emissions from landfills by providing electricity to Bitcoin mining data centers, has completed a $13 million seed round of financing to build renewable energy power plants on landfills.

Nodal Power said a significant portion of the funding has been used to build and operate two power plants within the United States. The first site is located in the southeastern United States and transmits electricity generated from landfill gas to the local utility grid. The second site is located in the Mountain West region and has an off-grid Bitcoin mining data center powered by landfill gas. Nodal Power plans to allocate additional funds for the development of the third site, which is scheduled to be completed in early 2024.

● Thailand orders Facebook to shut down over cryptocurrency scams and other fraudulent ad schemes

According to Cointelegraph, Thailand is planning to seek a court order against Facebook unless Facebook takes steps to deal with advertisements on its platform suspected of investment and cryptocurrency scams.

On August 21, the Ministry of Digital Economy and Society (MDES) said that more than 200,000 people were deceived by Facebook ads that promoted cryptocurrency scams, investments in fake businesses, and fake government agencies, such as the Securities and Exchange Commission. MDES claimed that common tactics used by scammers include cryptocurrency investment and trading scams. Some ads also allegedly used pictures of celebrities and well-known financial figures and promised daily returns of up to 30% to lure people into these schemes. MDES Minister Chaiwut Thanakamanusorn said the ministry had negotiated with the Meta-owned platform over the issue and sent a letter to the platform, but claimed that the platform failed to screen advertisers.