The European Securities and Markets Authority will release three consultations as it fulfills its mandate under MiCA regulations.
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Bitcoin mining difficulty hits all-time high as BTC miner selling peaks
In recent weeks BTC miners sent a record amount of Bitcoin to exchanges right as the network’s difficulty metric hit a new all-time high.
Bitcoin mining difficulty hits all-time high as BTC miner selling peaks
In recent weeks BTC miners sent a record amount of Bitcoin to exchanges right as the network’s difficulty metric hit a new all-time high.
Bitcoin mining difficulty hits all-time high as BTC miner selling peaks
Bitcoin mining difficulty reached an all-time high of 53.91 trillion units after the latest difficulty adjustment on July 12. It is a measure of how difficult it is to mine Bitcoin (BTC) blocks.
The blockchain adjusts its difficulty every two weeks to maintain its processing time of 10 minutes. When the network’s processing power increases, it adjusts to make mining challenging, reducing the profitability for individual miners.
The latest adjustment will add to the pressure on miners, who have been selling off their mined BTC since June. Some analysts suspect that the lack of miner accumulation has likely restricted an uptrend in the BTC price.
With the latest difficulty adjustment, the profitability of medium- and small-scale miners will likely drop into negative territory, forcing them to temporarily turn off some of their ASIC hardware.
The potential capitulation of weaker miners could finally enable larger miners to accumulate Bitcoin, which may reduce the mining selling pressure.
Blockchain Association calls for investigation into Prometheum over alleged 'sweetheart' SEC deal
The group raised concerns over Prometheum's changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license.
Crypto scams are down 77% — but this exploit is making a huge comeback
Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.
Crypto scams are down 77% — but this exploit is making a huge comeback
Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.
Crypto scams are down 77% — but this exploit is making a huge comeback
Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis.
The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more revenue than the first six months of 2022.
On July 12, Chainalysis released its Mid Year Crypto Crime report, noting it’s the second consecutive year that scam revenue has trended downwards.
The firm observed that historically, scam revenue increases in bull markets — but that hasn’t been the case so far in 2023:
“Usually, positive price movements translate to higher scam revenue, likely because increased market exuberance and FOMO make victims more susceptible to scammers’ pitches. But 2023’s drastic scam decline bucks that long-standing trend.”
Coinbase Wallet launches instant messaging feature with XMTP
The new feature offers end-to-end encrypted private messaging for anyone with a cb.id username, .eth domain, or Lens ID.
Coinbase Wallet launches instant messaging feature with XMTP
The new feature offers end-to-end encrypted private messaging for anyone with a cb.id username, .eth domain, or Lens ID.
Bitcoin’s pre-halving rally may start soon — Here’s why
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if this is your last chance to buy Bitcoin on the cheap as the Bitcoin pre-halving rally may be right around the corner.
Ethereum TPS boost? Starknet 'Quantum Leap' goes live
Uri Kolodny, the co-founder and CEO of StarWare said that Starknet's latest Quantum Leap upgrade makes high TPS a reality on the Ethereum mainnet.
South Korea to ask firms to disclose crypto holdings from 2024
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.
South Korea to ask firms to disclose crypto holdings from 2024
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.
European Banking Authority calls for early adoption of stablecoin standards
EBA officials anticipate a surge in stablecoin issuance over the coming months and have urged businesses to use its guiding principles before the necessary restrictions are implemented.
Bitcoin trader eyes BTC price 'Darth Maul candle' as CPI due 2-year low
Bitcoin is tipped to see classic volatility in BTC price around the CPI release, while liquidity remains tightly wrapped around spot.
Bitcoin trader eyes BTC price ‘Darth Maul candle’ as CPI due 2-year low
Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away.
BTC/USD 1-hour chart. Source: TradingViewCPI set to hit lowest since March 2021
Data from Cointelegraph Markets Pro and TradingView followed BTC price momentum as it slowly inched closer to $31,000.
The largest cryptocurrency showed little volatility through the start of the week, with local range highs and lows still clearly defined.
With liquidity tight around spot price, analysts hoped for a reshuffle upon the release of the June print of the United States Consumer Price Index (CPI).
Roughly expected at around 3.2% — the lowest score since March 2021 — CPI should show U.S. inflation continuing to slow down.
Google hit with lawsuit over new AI data scraping privacy policy
A week after Google updated its privacy policy to allow data scraping for AI training purposes the company is now facing a class action lawsuit.
Bank of China trials offline payments for digital yuan via SIM cards
The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities.
Celsius files lawsuit to recover $150M from staking platform StakeHound
Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound.