ETH Merge Forks, Quantum Computing, Biden Drains Oil Reserves, DOJ Targets Use of Criminal Crypto – Week in Review – Bitcoin Weekly News

With the Ethereum consolidation event now successfully completed, new Proof of Work (PoW) forks have emerged to compete for miner acceptance. This, the US government has warned, is that the post-quantum world is approaching, and that weak cryptography needs to be protected. Amid sweltering inflation in the United States, President Joe Biden notes that gas prices have fallen, but does not mention the 190 million barrels that have been withdrawn from the US Strategic Petroleum Reserve to address the problem. Despite high inflation in the US, the US currency is gaining significant strength against other global currencies, and Chinese state-backed media say this “could be the beginning of another nightmare” for many countries in the world. All this and more in this week’s Bitcoin.com News Week review.

Ethereum merger gives birth to 2 Forks – newly launched Ethereumfair collects USD value and hash power

After the Ethereum merger, a number of members of the cryptocurrency community discussed a Proof of Work (PoW) fork called ETHW as its value dropped significantly recently. However, not many people realize that another Ethereum-based PoW fork called ethereumfair (ETF), the ETF has amassed a small amount of hash value and fiat value since the launch of the token mainnet.

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Bitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Cryptography May Break

Bitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Cryptography May Break

According to the US Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are unable to crack public-key cryptographic algorithms, public and private entities need to prepare for future threats against non-quantum-resistant cryptography.

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As Biden cuts strategic petroleum reserves to 1984 levels, Chinese state media claims the US dollar is 'again the world's problem'

As Biden cuts strategic petroleum reserves to 1984 levels, Chinese state media claims the US dollar is ‘again the world’s problem’

US President Joe Biden was recently criticized for claiming that inflation in America has not risen over the past few months, while the US Dollar Index (DXY) crept into the 110,776 region. Meanwhile, a recent report published by the Chinese Communist Party-backed Global Times is pressing for de-dollarization as the rise of the US dollar “could be the beginning of another nightmare” for many countries in the world.

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DOJ Launches Digital Asset Network with 150 Federal Prosecutors to Combat Criminal Uses of Crypto

Justice Department launches network of more than 150 federal prosecutors to combat criminal uses of cryptocurrency

The US Department of Justice (DOJ) has created a National Digital Asset Coordinator Network of more than 150 federal prosecutors. The authority explained that the new network will enhance its “efforts to combat the growing threat posed by the illicit use of digital assets to the American public.”

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Tags in this story

BidenAnd the CCPAnd the ChinaAnd the Chinese mediaAnd the Crypto crimeAnd the encryptionAnd the Ministry of JusticeAnd the dollar dominanceAnd the DXYAnd the Merge ETHAnd the Proof of work from ETHAnd the ethereumfairAnd the ETHWAnd the inflationAnd the oilAnd the prosecutorAnd the Quantitative StatisticsAnd the SPAnd the merge

What do you think of this week’s stories? Is the US dollar a threat to the global economy? Let us know in the comments section below.

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