### Leawood Police's Successful Recovery
Leawood police have successfully **recovered over $19,000** for a victim of a **cryptocurrency scam** after tracing and seizing the funds. The victim was deceived into purchasing cryptocurrency at a **"Bitcoin ATM"** as part of the fraudulent scheme.

The department has reported tracing, seizing, and recovering stolen funds from such scams more than a dozen times, totaling over **$1 million**.

### Tips to Avoid Cryptocurrency Scams
Leawood police advise the public to be cautious and provide the following tips to avoid falling victim to scams:
- **Be wary** of someone claiming to represent a company you already use, offering better rates or stating you owe the company money.
- **Avoid promises** of exceptional investment opportunities with high returns, such as **"100% return"** or **"double your money."**
- **Watch out** for individuals claiming to be from the government or law enforcement who threaten penalties.
- **Be cautious** of messages from someone pretending to represent your bank, urging immediate action to protect your funds or move your money.
- **Be skeptical** of developing relationships with individuals who eventually request money.
- If you receive an electronic message asking you to pay with **cryptocurrency**, it may be a scam.

﻿Leawood police have recovered over $19,000 for a victim of a cryptocurrency scam after successfully tracing and seizing the funds.

Leawood Police Recover $19K from Cryptocurrency Scam: How to Protect Yourself

### CleanSpark Expands Its Bitcoin Mining Operations

**CleanSpark Inc.** (Nasdaq: **CLSK**), known as America's Bitcoin Miner®, has announced a significant acquisition that will enhance its mining capabilities. The company is set to **acquire seven Bitcoin mining facilities** in the **Knoxville, Tennessee** area for a total cash payment of **$27.5 million**, which translates to approximately **$324,000 per megawatt**. This move is part of CleanSpark's strategy to secure high-quality infrastructure at competitive valuations.

### Key Details of the Acquisition
- The acquisition is expected to close by **September 25, 2024**.
- Once the latest generation **S21 pro miners** are installed, the combined facilities will yield an increased operating **hashrate of 5 exahashes per second (EH/s)**, a boost of over **22%** to CleanSpark's current hashrate.
- The new sites will add **85 MW** of power, with individual site sizes ranging from **10 MW to 20 MW**.

### CEO Insights
Zach Bradford, CEO of CleanSpark, expressed enthusiasm about the expansion, stating:  
> "With the energization of our Dalton 4 campus last week, we've already surpassed **23 EH/s** and expect further growth this week with the energization of **50 MW of S21 pros** in Sandersville. With this additional **5 EH/s**, we now anticipate reaching **37 EH/s** by the end of 2024."

He further highlighted the similarity between Tennessee's political and energy environment and that of Georgia, where CleanSpark has invested nearly **$1 billion** in infrastructure. Bradford emphasized the company's commitment to applying a community-oriented strategy in Tennessee, showcasing how **Bitcoin** can benefit local power grids and communities.

### About CleanSpark
**CleanSpark** is dedicated to responsible Bitcoin mining, primarily utilizing low-carbon power for its operations. The company aims to foster trust and transparency with both its employees and the communities it serves. For more information, visit [CleanSpark's website](https://www.cleanspark.com).  

### Forward-Looking Statements
This announcement includes forward-looking statements regarding the company's expectations and plans, which are subject to various risks and uncertainties. CleanSpark provides detailed information about these risks in its filings with the **Securities and Exchange Commission (SEC)**.

![CleanSpark](https://rt.prnewswire.com/rt.gif?NewsItemId=LA03491&Transmission_Id=202409110900PR_NEWS_USPR_____LA03491&DateId=20240911)

/PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has entered into definitive agreements to acquire...

CleanSpark's Bold Move: Acquiring 7 Bitcoin Mining Facilities to Boost Hashrate by 5 EH/s!

The price of **Bitcoin** experienced a slight decline on Wednesday following a report indicating that **U.S. consumer prices** rose less than anticipated in the 12 months leading up to August. The **Consumer Price Index (CPI)** increased by **2.5%** on an annual basis, as reported by the **Bureau of Labor Statistics (BLS)**. Economists had expected a **2.6%** annual rise.

On a monthly basis, inflation rose by **0.2%** in August, consistent with July's increase. Prior to that, consumer prices had decreased by **0.1%** in June, marking the first negative CPI since 2020.

Following the inflation report, Bitcoin's price dipped to **$56,500**, reflecting a **1.5%** decrease over the preceding day. Other cryptocurrencies, including **Ethereum** and **Solana**, also saw declines, priced at **$2,300** and **$130**, respectively.

Tom Dunleavy, a partner at **MV Global**, remarked, "All in all, it’s a very positive report now that leads to a **25-basis-point cut** now being very likely for next week. I think the near-term implications for Bitcoin are fairly muted." He suggested that the upcoming **presidential election** in November might have a more significant impact on Bitcoin’s price than monetary policy.

Analysts from **Bernstein** predicted a potential **$50,000 difference** in Bitcoin’s price based on the election outcome.

The new U.S. inflation data will be crucial as the **Federal Reserve** gears up for its policy meeting next week, with expectations of a series of rate cuts aimed at achieving its **2% inflation goal**. The market is particularly focused on the pace at which the Fed will lower its benchmark interest rate.

In the past month, traders indicated a **67% chance** of an initial **0.25% cut**, which rose to **85%** following the recent inflation report. Over the last year and a half, the Fed has raised interest rates nearly a dozen times to combat high inflation.

The state of the U.S. labor market also influences Bitcoin's price. For instance, Bitcoin's value dropped to **$53,300** last week after a U.S. jobs report fell short of expectations, with **142,000 jobs** added in August compared to the anticipated **160,000**.

While lower borrowing rates are generally seen as beneficial for risk assets like Bitcoin, analysts from **Bitfinex** warned of potential short-term headwinds due to a "**sell the news event**" effect.

Federal Reserve Board Governor **Christopher Waller** acknowledged the challenges in timing rate cuts, indicating that smaller cuts might better signal the Fed's intentions to the market. He stated, "I do not expect this first cut to be the last" and emphasized the need for a cautious approach to avoid alarming the markets.

As inflation continues to show signs of slowing toward the Fed’s 2% goal, officials have focused increasingly on the labor market.

Bitcoin and Ethereum Prices Dip as US Inflation Slows: What It Means for Investors

HIVE Digital Technologies Ltd. (HIVE) has made a **correction** regarding its **HODL value** in relation to its unaudited production results for August 2024. The corrected HODL balance as of **August 31, 2024**, stands at **2,567 Bitcoins**, valued at over **$151 million**, as opposed to the previously reported **2,533 Bitcoins** and $164 million. This adjustment highlights the **volatile nature** of Bitcoin's price, which led to an overstatement of approximately **$13 million**.

### Executive Commentary
Frank Holmes, Executive Chairman of HIVE, emphasized the company's dedication to minimizing **General and Administrative (G&A)** costs while maximizing **cash flow** and **revenue per employee**, all while steering clear of excessive share dilution. Aydin Kilic, President and CEO, noted ongoing **fleet optimizations**, aiming for a **hashrate increase** to **13.5 EH/s** after upgrades at their Paraguay facility, with a strong focus on **sustainable energy** use.

The HODL value and operational strategies are in line with HIVE's overarching goal of improving **mining performance**, accumulating **clean virgin Bitcoin**, and committing to **environmental sustainability**.

### At-the-Market Offering
On **August 17, 2023**, HIVE initiated an **equity distribution agreement** with Stifel GMP and Canaccord Genuity Corp, allowing the sale of up to **$90 million** in common shares under the **August 2023 ATM Equity Program**. This agreement was terminated on **July 19, 2024**.

During the period from **July 1 to July 19, 2024**, the company issued **1,368,297 common shares** under this program, generating **C$6.09 million** (approximately **$4.46 million**) in gross proceeds. The shares were sold at **prevailing market prices**, averaging **C$4.45** each, with a cash commission of **$133,735** paid for the services rendered under the agreement. The net proceeds from this initiative are intended for the acquisition of **data center equipment**, strategic investments to bolster **BTC assets** on their balance sheet, and general working capital.

HIVE Digital Technologies Provides Updated August 2024 Bitcoin HODL Value, ATM Equity Program Details

HIVE Digital Technologies Reveals Corrected Bitcoin HODL Value and ATM Equity Program Insights for August 2024

### A Town in Transition
On a typical day, the drive from Dallas to Corsicana takes about an hour, passing through small towns and landmarks. Corsicana, known for its historical oil boom, now finds itself on the brink of a different kind of boom—**Bitcoin mining**. 

### From Oil to Bitcoin
Once a hub for oil extraction, Corsicana now struggles with economic challenges, with **nearly one-sixth of its population living below the poverty line**. Amidst crumbling roads and neglected neighborhoods, a **265-acre bitcoin mining facility** is under construction by Riot Platforms, aiming to become the **largest bitcoin mine in the world**. Local officials view this as a potential economic boost, but many residents are concerned about the impact on property values, the energy grid, and their rural lifestyle.

### Community Resistance
Jackie Sawicky, founder of the **Texas Coalition Against Cryptomining**, is at the forefront of the opposition. After discovering plans for the Riot mine during a city meeting, she mobilized protests against what she calls a **“stupid, disgusting waste of energy.”** With a growing online presence of over 800 members, her coalition is determined to fight the project, citing concerns over noise, resource depletion, and community disruption.

### The Energy Dilemma
Bitcoin mining is energy-intensive, requiring **up to one gigawatt of power**, enough to supply hundreds of thousands of homes. The Texas grid, already under strain from increased mining and data center demands, may need to nearly **double its capacity** in the coming years. Critics argue that bitcoin miners exploit stabilization schemes, straining local resources while benefiting financially.

### Noise and Health Concerns
Residents near existing bitcoin facilities report severe noise pollution and health issues attributed to mining operations. In Corsicana, the Riot facility is currently operational at about **10% capacity**, yet locals express concerns over light and noise disturbances. Riot claims to use a quieter **liquid immersion cooling system**, but skepticism remains about its effectiveness at scale.

### Political Challenges
Opposition to the bitcoin mine is complicated by the political landscape in Navarro County. Despite Sawicky's passionate activism, local officials have shown little inclination to intervene against the mining industry, further complicating efforts for community-led initiatives.

### A New Era for Corsicana
As Corsicana grapples with the realities of this new technological incursion, residents like Sawicky plan to continue their fight, even as some choose to leave for quieter pastures. The transition from oil to bitcoin marks a pivotal moment for this small Texas town, raising questions about the future of its community and environment.

A cash-strapped city in rural Texas will soon be home to the world’s largest bitcoin mine. Local protesters are “raising hell.”

Texas Town Faces Turmoil as World's Largest Bitcoin Mine Takes Shape

### Peter Brandt's Bold Bitcoin Predictions

**Veteran trader Peter Brandt** has outlined a potential price path for **Bitcoin (BTC)** that could see it break out of its current stagnation and reach **new record levels**. With over **737,800 followers** on social media platform X, Brandt shared a chart suggesting that Bitcoin is following a **parabolic curve pattern** on the weekly chart.

![Peter Brandt's Chart](https://dailyhodl.com/wp-content/uploads/2024/09/Trader-Peter-Brandt-Hints.jpg)

### The Cup-and-Handle Formation
Brandt hints that Bitcoin might be forming a **massive cup-and-handle pattern** dating back to late **2020**. This pattern is often seen as a **bullish continuation**, indicating that Bitcoin could be taking a breather before breaking through a **key resistance level**.

> *“Might we declare Tea and Crumpets on this chart?”* - Peter Brandt

![Cup and Handle Pattern](https://pbs.twimg.com/media/GXEa7vIWYAAw4vq?format=jpg&name=large)

### Key Price Levels
According to Brandt, the crucial level to breach is **$73,734**. His chart suggests that if Bitcoin breaks this level, it could soar above **$150,000** sometime next year. Currently, Bitcoin is trading at **$57,652**, indicating a potential gain of **160%** if it reaches Brandt’s bullish target.

### Warning Signs
However, Brandt also cautioned last week that Bitcoin could drop below **$50,000** if bulls fail to gain momentum. He mentioned:
> *“A test of the lower boundary would be to $46,000 or so. A massive thrust into new all-time highs is required to get this bull market back on track.”*

![Inverted Expanding Triangle](https://pbs.twimg.com/media/GWvIQ9TXkAAtS-U?format=png&name=small)

### Final Thoughts
Brandt's analysis showcases the **volatile nature** of Bitcoin trading and highlights the potential for significant price movements in the coming months. 

**Disclaimer:** Opinions expressed at The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl participates in affiliate marketing.

Seasoned trader Peter Brandt is outlining a potential price path for Bitcoin that would see BTC massively break out of its price doldrums en route to fresh record levels. 

Bitcoin's Next Big Move? Peter Brandt Predicts a Parabolic Surge to $150,000!

### sCrypt's Historic Win at the Bitcoin Olympics

**sCrypt**, a pioneering blockchain scripting and contract firm, made waves at the **2024 Bitcoin Olympics Hackathon** by showcasing a remarkable transaction that enables payments across different blockchains. The dynamic duo of software engineers, **Mihael Šinkec** and **Yusuf Idi Maina**, leveraged the **SPV** (Simplified Payment Verification) and the **Bitcoin opcode OP_CAT** on the **BTC Signet**, demonstrating how a user can utilize **Litecoin** to acquire **BTC Ordinal tokens**.

### The Innovative Approach

sCrypt emphasized that their demonstration paves the way for **DeFi applications**, allowing for the direct exchange of various digital assets without the need for intermediaries like exchanges. This trustless method eliminates the necessity for coordination between the involved parties.

**Šinkec** explained that creating such a transaction using raw **BTC ASM** (assembly code) would have been overly complex, which is why they opted for sCrypt’s **SDK**. This toolkit allows developers to write in **TypeScript**, focusing more on the logic of contracts than on intricate code details. They successfully verified transaction preimages and conducted a straightforward function call within a BTC covenant.

### The Technical Details

The process further utilized **Simplified Payment Verification (SPV)** on **Litecoin**, reconstructing the **Merkle Root** of a transaction using its data and **Merkle Path**, thereby validating it against the transaction’s Block Header. This method allows clients to confirm the Block Header's integrity without needing to download the entire blockchain.

In a detailed explanation on Medium, **Šinkec** noted the challenges associated with verifying a **Litecoin transaction proof** using **BTC script**, citing the differing **Proof of Work (PoW)** algorithms of the two blockchains. They implemented an **oracle** to validate Litecoin transactions, utilizing **Lamport signatures** verifiable within **BTC script**.

The **Litecoin SPV proof** facilitated the unlocking of a **BTC Ordinal token** secured in a BTC covenant, allowing for the seamless transfer of assets to the recipient’s BTC address. A covenant imposes constraints on how specific coins can be utilized in future transactions.

### The Importance of OP_CAT

**Šinkec** stated that enabling **OP_CAT** on BTC opens up numerous possibilities, including advanced functionalities like covenants and Merkle Proof validation. They used these mechanisms to create an **Ordinal sales** listing as a covenant on BTC, which accepts **Litecoin** as a payment method, bypassing traditional exchanges.

**OP_CAT** is an opcode that was part of the original Bitcoin protocol, allowing for the concatenation of two items on the stack, thus enhancing the sophistication of transaction scripts. Although originally disabled due to concerns about network spam, it was re-enabled on the **BSV blockchain** in recent years, allowing for more innovative uses of blockchain technology.

Currently, sCrypt’s cross-chain transaction operates solely on the BTC Signet, a testnet for blockchain applications. However, its functionality on BSV indicates a potential for future cross-chain payment solutions.

![sCrypt Hackathon](https://108.181.5.29/embed/ncwDirkGR0Q?si=ImBbmKiOnkXanA6-&controls=0)  
Watch: sCrypt wants to bring hackathon initiative to more people

**Explore more about blockchain** in our [Blockchain for Beginners](https://108.181.5.29/blockchain101/) section, your ultimate resource guide to blockchain technology.

sCrypt's Mihael Šinkec and Yusuf Idi Maina leveraged SPV and the Bitcoin opcode OP_CAT on the Bitcoin Signet, demonstrating a transaction using Litecoin to purchase BTC Ordinal tokens.

sCrypt Triumphs at Bitcoin Olympics with Groundbreaking Cross-Chain Transaction Using OP_CAT

## China's Digital Yuan Surpasses $1 Trillion in Transactions

In a significant milestone, **China's Digital Yuan** has reached an impressive **$1 trillion** in total transactions, as confirmed by a **People's Bank of China (PBOC)** official. This development underscores the increasing adoption and reliance on digital currencies in the world's second-largest economy.

### Key Insights from the PBOC Announcement
- The Digital Yuan's rapid growth reflects a **strong governmental push** towards digitization in finance.
- With this achievement, China is setting a precedent for other nations contemplating their own **Central Bank Digital Currencies (CBDCs)**.
- The PBOC has indicated that the **Digital Yuan** aims to enhance financial inclusion and streamline transactions across various sectors.
- This vast adoption could pose challenges for the **cryptocurrency market**, as it introduces a state-controlled digital asset that may compete with decentralized cryptocurrencies like Bitcoin.

### Implications for the Global Financial Landscape
- The success of the Digital Yuan could influence other countries to accelerate their own digital currency projects.
- Analysts believe this move might lead to a **shift in global financial power dynamics**, especially as countries assess the efficacy of CBDCs.

As the Digital Yuan continues to gain traction, stakeholders in the cryptocurrency market should closely monitor its impact on the broader economic landscape and the competitive dynamics of digital currencies worldwide.

Leawood Police Recover $19K from Cryptocurrency Scam: How to Protect Yourself

Summary:

Leawood Police's Successful Recovery

Tips to Avoid Cryptocurrency Scams

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Other Latest News

CleanSpark's Bold Move: Acquiring 7 Bitcoin Mining Facilities to Boost Hashrate by 5 EH/s!

Bitcoin and Ethereum Prices Dip as US Inflation Slows: What It Means for Investors

HIVE Digital Technologies Reveals Corrected Bitcoin HODL Value and ATM Equity Program Insights for August 2024

Texas Town Faces Turmoil as World's Largest Bitcoin Mine Takes Shape

Bitcoin's Next Big Move? Peter Brandt Predicts a Parabolic Surge to $150,000!

sCrypt Triumphs at Bitcoin Olympics with Groundbreaking Cross-Chain Transaction Using OP_CAT

China's Digital Yuan Hits $1 Trillion: What It Means for Cryptocurrency

Other Latest News

CleanSpark's Bold Move: Acquiring 7 Bitcoin Mining Facilities to Boost Hashrate by 5 EH/s!

Bitcoin and Ethereum Prices Dip as US Inflation Slows: What It Means for Investors

HIVE Digital Technologies Reveals Corrected Bitcoin HODL Value and ATM Equity Program Insights for August 2024

Texas Town Faces Turmoil as World's Largest Bitcoin Mine Takes Shape

Bitcoin's Next Big Move? Peter Brandt Predicts a Parabolic Surge to $150,000!

sCrypt Triumphs at Bitcoin Olympics with Groundbreaking Cross-Chain Transaction Using OP_CAT

China's Digital Yuan Hits $1 Trillion: What It Means for Cryptocurrency