As the Bitcoin halving approaches, the mining difficulty metric for BTC has surged by over 8% recently, hitting an all-time high. This metric is crucial for the BTC blockchain as it adjusts every 2,016 blocks based on the mining power in order to maintain the block production ratio. The consistent rise in mining difficulty over
Crypto
XRP, the cryptocurrency associated with the Ripple network, has experienced a notable increase in price over the past 24 hours. Despite reaching above $0.57, the bulls were unable to sustain the pressure, and the sellers brought the price back down to around $0.56. Although this may seem like a minor fluctuation, it represents a significant
In a recent announcement, Tron Founder Justin Sun outlined an ambitious roadmap for TRON’s Bitcoin Layer 2 initiative. This roadmap aims to enhance the interoperability and utility of blockchain technologies, setting a new standard for the industry’s future. With this initiative, TRON seeks to inject funds into the Bitcoin network while simultaneously improving scalability, speed,
Genesis Global, a prominent player in the cryptocurrency industry, has been granted permission by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC). The estimated value of these shares amounts to a massive $1.3 billion. This decision was made by U.S. Bankruptcy Judge Sean Lane during a recent court hearing
The crypto community has recently been alerted to a distressing new wave of scams that are specifically designed to deceive users through deceptive user interfaces (UIs) in crypto wallets. Hayden Adams, the founder of Uniswap, took to social media to express his concerns and warn users about the increasing frequency of these scams. This article
In a surprising turn of events, the verdict in Changpeng Zhao’s court battle with the United States government has been delayed. A recent notice filed in a Seattle court indicates that the court’s deliberation will now come to an end on the 30th of April. Originally scheduled for this month, the verdict will not only
After a prolonged period of considering the possibility of restarting FTX Exchange following the bankruptcy process, lawyers for the defunct exchange have now revealed that this plan has been completely abandoned. Instead, FTX will dissolve entirely once all outstanding debts have been settled. This decision has disappointed investors, as they had hoped for a potential
Bitcoin continues its impressive run, as it recently reached a new monthly peak at $48,600. This surge in price coincides with the altcoins also turning green once again, causing the total market cap to reclaim the coveted $1.8 trillion level. After a period of sideways trading, Bitcoin displayed its bullish momentum and experienced consecutive leg-ups.
Chinese Bitcoin miners are shifting their focus to Ethiopia as they search for locations with affordable power and friendly regulations. The pursuit of cheap energy and favorable climates are the driving forces behind this strategic move. In this article, we will explore how Ethiopia provides a unique opportunity for Bitcoin miners and examine the potential
Bitcoin continues to impress investors with its positive price performances, as the asset surged above $48,000 and reached a new monthly peak. This recent surge marks a significant milestone for Bitcoin and raises the overall optimism in the cryptocurrency market. Over the past seven days, Bitcoin experienced a rollercoaster ride of ups and downs. Initially
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