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Bitcoin Mining Difficulty Decreases by 5%

Bitcoin Mining Difficulty Decreases by 5%

The latest recalibration has seen the difficulty of mining the premier cryptocurrency drop by 5%, settling at 79.5 T. Data: BTC .com. The average hash rate since the previous adjustment was 568.75 EH/s, with the interval between blocks increasing to 10.5 minutes. According to Glassnode, the network’s computational power, smoothed by a 7-day moving average, […]

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Bitcoin Dips Below $54,000 Amid Mt. Gox Movements, Experts Warn of Further Decline

Bitcoin Dips Below $54,000 Amid Mt. Gox Movements, Experts Warn of Further Decline

On the morning of July 5, the price of the leading cryptocurrency fell below $54,000 following reports of Mt. Gox coin movements. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, the price is attempting to hold this level after a slight rebound. Nobuaki Kobayashi, the trustee of the bankrupt exchange […]

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German Bundestag Criticizes Government's Bitcoin Sale

German Bundestag Criticizes Government’s Bitcoin Sale

The sale of seized bitcoins by Germany’s Federal Criminal Police Office (BKA) is counterproductive, according to Bundestag member Joana Cotar. Statt #Bitcoin als strategische Reservewährung zu halten, wie es in den USA bereits debattiert wird, verkauft unsere Regierung im großen Stil. Ich habe @MPKretschmer, @c_lindner & @Bundeskanzler @OlafScholz darüber informiert, warum dies nicht nur nicht […]

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OpenAI's Internal Systems Breached by Hacker, Reveals NYT

OpenAI’s Internal Systems Breached by Hacker, Reveals NYT

In early 2023, a hacker infiltrated OpenAI’s internal messaging systems, stealing information about AI technology design. This was reported by the NYT, citing sources. According to the newspaper, the perpetrator accessed employee communications but did not reach the systems where the company develops and hosts its artificial intelligence. Employees learned of the incident at a […]

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Rising Interest in Cryptocurrency Mining Among Russian Investors

Rising Interest in Cryptocurrency Mining Among Russian Investors

The recent Bitcoin halving has not diminished the enthusiasm for mining among Russian investors. According to a survey by Intelion Data Systems, 38% of respondents began investing in this sector shortly before the event, reports Kommersant. Data from the equipment supplier, part of the Association of Industrial Miners, indicates that 14% of respondents directed capital […]

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Pavel Durov Announces Hamster Kombat Token Launch on TON

Pavel Durov Announces Hamster Kombat Token Launch on TON

Telegram founder Pavel Durov has endorsed the clicker game Hamster Kombat and announced the imminent release of the project’s token on the TON blockchain. “Hamster Kombat has become the latest internet phenomenon everyone is talking about. 239 million people registered for this Telegram mini-app in just three months. It took Hamster 73 days to reach […]

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Bitcoin's Potential Drop to $50,000 Raises Concerns

Bitcoin’s Potential Drop to $50,000 Raises Concerns

A “double top” reversal pattern is forming on the Bitcoin chart. Miners, ETF buyers, and hodlers are selling, with a reversal possible if stablecoin supply increases. Investors continue to bet on ETH-ETF approval by purchasing call options for September-December. A sharp decline in Bitcoin may not stop at $57,000 and could push the price down […]

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Tech Giants Warn of AI Risks to Their Business Models

Tech Giants Warn of AI Risks to Their Business Models

Major technology firms have cautioned that artificial intelligence could disrupt their business models, according to financial reports cited by Bloomberg.

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Crypto Startups Attract $3.2 Billion in Q2 Investments

Crypto Startups Attract $3.2 Billion in Q2 Investments

In the second quarter, the crypto industry secured $3.2 billion in venture capital, marking a 28% increase from the previous period’s $2.5 billion. This is according to a report by Galaxy Digital. Source: Galaxy Digital. The number of deals slightly decreased from 603 to 577, a 4% drop, but their median value rose from $3 […]

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Bitcoin's Decline Dampens Market Sentiment

Bitcoin’s Decline Dampens Market Sentiment

As digital gold fell below $57,000, the cryptocurrency fear and greed index dropped to 44 points, confirming bearish market sentiment. #crypto market sentiment has turned into fear! pic.twitter.com/HdRK0j52E8 — Ali (@ali_charts) July 4, 2024 At the time of writing, the leading cryptocurrency is trading at $57,800, having fallen 5.5% over the week. 15-minute BTC/USDT chart […]

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Dormant Bitcoin Wallet Awakens, Moves 119 BTC After 12 Years

Dormant Bitcoin Wallet Awakens, Moves 119 BTC After 12 Years

A Bitcoin wallet inactive since February 2012 has transferred 119 BTC ($6.8 million) in two transactions to a new address, as noted by Whale Alert. ? A dormant address containing 119 #BTC (6,992,389 USD) has just been activated after 12.4 years (worth 599 USD in 2012)!https://t.co/yk2qe3UUQ0 — Whale Alert (@whale_alert) July 4, 2024 Initially, the […]

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German Authorities Transfer 1300 BTC to Major Exchanges

German Authorities Transfer 1300 BTC to Major Exchanges

On July 4, a Bitcoin wallet associated with Germany’s Federal Criminal Police Office (BKA) transferred 1300 BTC (~$75.5 million) to centralized exchanges, according to data from Arkham. Data: Arkham. Of the total amount, German authorities sent 400 BTC each to Coinbase and Kraken, and 500 BTC to Bitstamp. An additional transfer of 1700 BTC was […]

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