Bitcoin mining difficulty rises 3.4% to all-time high as hashrate jumps
Bitcoin’s mining difficulty level rose 3.4% on Thursday to an all-time high, as the network’s hashrate also increased to a record high.
Bitcoin’s mining difficulty level rose 3.4% on Thursday to an all-time high, as the network’s hashrate also increased to a record high.
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Bitcoin fell on Thursday morning in Asia to post the first monthly loss of the year. Ether and all other top 10 non-stablecoin tokens also traded lower.
Virtual assets will receive the same regulatory clarity in Hong Kong as their real-world counterparts, says former Hong Kong SFC regulator Angelina Kwan.
A downturn impacted Bitcoin and Ether, along with the majority of top 10 non-stablecoin cryptocurrencies in Wednesday’s Hong Kong trading session. XRP remained the sole exception, maintaining its positive performance from the morning.
Tether, the issuer of the world’s most traded stablecoin, will invest in power generation and Bitcoin mining in Uruguay to tap the country’s renewable energy resources, the company said on Tuesday.
The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority have agreed to strengthen cooperation in regulating virtual assets.
Dubai-headquartered Bybit said it will exit the Canadian crypto market and stop accepting new accounts from Wednesday, citing a “recent regulatory development.”
Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching US$28,000. Ether dipped while other top 10 non-stablecoin tokens traded mixed.
China’s possible entry into NFTs, Russia’s crypto payments, and new token standards fuel market optimism.