Bitcoin mining difficulty fell more than 5% on July 5, hitting a quarterly low of 79.50 terahashes (79.5T). This marked the largest drop since March, when difficulty briefly dipped below 80T. Difficulty spiked between March and May, reaching an all-time high of 88.10T, before slowly declining to levels seen at the time of this article’s publication.Mining DifficultyBitcoin mining difficulty is a measure of hashrate, which is essentially how many guesses a mining machine has to make before it solves the cryptographic puzzle needed to unlock one of the remaining bitcoins. The hash rate is updated every 2,016 blocks, which takes…
Author: Crypto Flexs
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According to Binance, the leading cryptocurrency exchange has successfully completed the token merge of Ocean Protocol (OCEAN) and SingularityNET (AGIX), resulting in Fetch.ai (FET). The merge is part of a new initiative under the project name Artificial Superintelligence Alliance. Token Merge Details Deposits and withdrawals for the newly merged FET tokens are now open. Binance has also provided a conversion function that allows users to exchange OCEAN and AGIX tokens for FET tokens. The conversion rate is set as follows: 1 ocean = 0.433226 FET 1 AGIX = 0.433350 completed It is important to note…
The ambitious Polkadot (DOT) multi-chain network has been a huge success so far, but it’s becoming clear that it will soon need an upgrade to meet the expectations of modern users. This is where Polkadot 2.0 comes in. It is an improved version of Polkadot 1.0 that aims to revamp key areas of the ecosystem to create a platform that is bigger, faster, and easier for users to enjoy. Given that Polkadot’s “next evolution” will have a major impact on how the platform operates and the rules it will follow, it wouldn’t be a bad idea for current or future…
Despite Bitcoin’s price dropping to as low as $54,000 in recent days, down about 25% from its March high of over $73,000, spot Bitcoin ETFs saw their biggest inflows in a month on July 5, amassing a total of $143 million. Four of the top 11 Bitcoin ETFs saw inflows, with total inflows exceeding $3,000. Bitcoin +2.12% That’s roughly $172 million at current prices, with around 80% of that amount going into Fidelity’s FBTC fund. ETF products from Bitwise (BITB), Ark 21Shares (ARKB), and VanEck (HODL) attracted the rest of the inflows, while Grayscale’s GBTC saw an outflow of 500…
The Data Ownership Protocol (DOP) is emerging as a key initiative that aims to revolutionize data privacy and control within the Web3 ecosystem. According to blog.bitfinex.com, DOP uses advanced cryptographic techniques such as zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) and ECDSA (Elliptic Curve Digital Signature Algorithm) to allow users to manage and optionally disclose their on-chain activity. Data Privacy Innovation DOP’s innovative approach allows users to balance transparency and privacy by curating the information they wish to share about their asset holdings and transactions. This optional disclosure is essential to maintain liquidity while maintaining…
One of the Solana (SOL)-based meme assets is riding high after being listed on several cryptocurrency trading platforms, beating the market’s slump. According to new data, BILLY, a dog-themed meme coin built on Solana, has jumped more than 30% in the past 24 hours after multiple cryptocurrency exchange platforms added support. Cryptocurrency trading platforms that have listed Billy include Bittrue, Bitget, MEXC, and Gate.io, all of which announced support for the meme asset earlier this week. At the time of writing, Billy is trading at $0.1659, up 36% over the past day. On June 26, Billy was trading at $0.0286.…
According to trustee documents, Mt Gox creditors could have to wait up to three months to receive their Bitcoin or Bitcoin Cash payments, depending on which cryptocurrency exchange they used to claim the money.Custodian of a closed cryptocurrency exchange announce Today it is there Started paying off Some of the cryptocurrency exchanges designated under the recovery plan.The custodian previously detailed that the timeline for payments to appear in the creditor’s account can vary depending on the exchange. Kraken has 90 days to process payments, while Bitstamp can take up to 60 days. BitGo will see payments appear within 20 days.…
The U.S. House of Representatives is preparing to hold a crucial vote on President Joe Biden’s decision to veto Staff Accounting Bulletin 121 (SAB 121), a controversial bill that has been the subject of much debate. Also known as the “may-be-considered bill,” Senate Bill 121 has been the subject of fierce debate within the crypto industry due to concerns that it could make it harder for banks to effectively safeguard digital assets. What exactly is Senate Bill 121? Under the proposed rule, known as SAB 121, companies that are required to report to the SEC…
Uniswap whales observed selling significant amounts of tokens UNI’s network growth has declined significantly over the past few days. Uniswap (UNI), one of the largest DEXs (decentralized exchanges) in the crypto space, saw a significant rally earlier this year as bullish momentum built around UNI. However, it is unclear how well the DEX has performed recently, but at the time of writing, interest in UNI seemed to be waning. The whale swims According to Lookonchain, a major whale deposited 561,782 UNI, or approximately $4.38 million, on Binance a few hours ago. This deposit is based on a period of accumulation…
German Bundestag member Joanna Cotard has strongly criticized the government’s decision to “hasty” sell off its Bitcoin holdings and called for a comprehensive Bitcoin strategy to be developed.“Instead of holding Bitcoin as a strategic reserve currency, as is already being discussed in the United States, our government is selling it off en masse,” the independent lawmaker and Bitcoin advocate wrote Thursday, according to a translation of the X post.Cotar called this “unreasonable” and “counterproductive” and called on German Chancellor Olaf Scholz, Chancellor Michael Kretschmer and Finance Minister Christian Lindner to “Bitcoin Bitcoin +2.65% The “Strategy for the Nation” event, hosted…