Month: July 2021

Bitcoin Mining Gets 6% More Difficult in First Positive Adjustment Since May

Bitcoin’s difficulty level, a measurement of how difficult it is to mine the cryptocurrency, increased by 6% today in its latest fortnightly change, according to data on BTC.com. It’s the first positive adjustment since the crypto crash began in May. The crash, hastened by anti-Bitcoin mining regulation from China, led to four consecutive difficulty drops.

Former Ripple Partner MoneyGram Boasts 33% Digital Growth in Q2

Ads Ads Former Ripple partner, San-Francisco-based remittance giant MoneyGram published its second-quarter report on Friday, with the total figure of the revenues being $239.3 million. MoneyGram’s Q2 digital growth During the earnings call on Friday, July 30, the company chief Alex Holmes stated that MoneyGram had seen a massive digital boost – the overall amount

Will Binance Smart Chain Be Able to Handle 20 Million Transactions Daily? CZ Answers

Ads Ads Binance Smart Chain, a smart contract platform by the world’s leading crypto exchange, Binance (BNB), witnesses an unparalleled upsurge in the number of transactions. 20 million+ transactions for BSC According to the celebratory tweet by CEO and co-founder of Binance (BNB) Changpeng “CZ” Zhao, Binance Smart Chain yesterday processed eight times more transactions

What's Wrong with New US Infrastructure Bill: Explained by Crypto Lawyer

Ads Ads Seasoned corporate lawyer and Compound Finance (COMP) general counsel Jake Chervinsky shares his (sad) commentary on the new U.S. taxation proposal. KYC for everyone: no more pseudonymous DeFis? Mr. Chervinsky states that the new U.S. infrastructure bill notably expands the definition of “broker.” If passed, all non-custodial actors might fall into this category.

Bitcoin (BTC) Difficulty Sees First Positive Adjustment Since May

Ads Ads As the Bitcoin (BTC) price seems to have ended its multi-week painful collapse, its difficulty—an integral metric that displays how difficult it is to compete for the privilege to add a new Bitcoin (BTC) block to the network—is also showing signs of life. Bitcoin (BTC) difficulty adds six percent, touches 14.5 trillion According

China Vows To Continue Cracking Down On Crypto ‘Hype’

The People’s Bank of China said in a statement Saturday that the central bank will “maintain high pressure on virtual currency trading hype.” The statement comes a day after policymakers set the priorities of the bank for the second half of the year. The PBoC congratulated itself for “severely cracking down on illegal activities of

BTC, ETH, XRP, BNB and ADA Price Analysis for July 31

The weekend has begun with the growth of the market as all coins are again under the bulls’ influence. Top coins by CoinMarketCap BTC/USD Bitcoin (BTC) is one of the biggest gainers over the last day. The growth has made up 8.23% while the price change over the last week has been +23%. BTC/USD chart

Robinhood Stock Closes Rocky First Week of Trading Down 7.5%

Robinhood might have driven sales of ‘meme stocks’ like Gamestop, AMC and meme-coin Dogecoin, but investors are less interested in shares in the popular stock and crypto trading app itself. Robinhood’s IPO got off to an underwhelming start on Thursday, when HOOD shares closed their first day of trading at $34.82, an 8.4% drop from

Sun, Sand, and NFT Tickets: Here Come the DAO Music Festivals

Atop a sun-drenched platform, above sparkling water and under an open sky, 5,000 music lovers will soon come together for Croatia’s music festival. In the stunning surroundings of Zrce Beach, on the island of Pag, they’ll feast on 360-degree-views of the Adriatic Sea to a soundtrack of electronic beats. But this year, while the festival

‘Not a Drill’: Infrastructure Bill Could Sink American Crypto Industry

Things just got ugly for crypto in Washington, D.C. For years, the threat of major regulation has been raised like a hammer, ready to smash the crypto industry. Now, the hammer is ready to drop in the unlikely form of a major infrastructure bill in the U.S. Senate. “This is not a drill,” writes Jake

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