Crypto Currency

Bitcoin difficulty reaches all-time high, hash rate up 45% in 6 months

The Bitcoin network has hit yet another all-time high in mining difficulty after a steady climb since last July’s lows. On-chain analysis tool CoinWarz indicated on Friday that mining difficulty reached a new high of 27.97 trillion hashes. This is now the second time in three weeks that Bitcoin has hit a new all-time high

North Korea Used Stolen Crypto to Fund Missile Program: Report

The estimate of $50 million is significantly lower than the $400 million identified by Chainalysis in a report released January. North Korea used stolen crypto funds to help fund its missile development program, Reuters said, citing a report prepared for the United Nations. “According to a member state, DPRK cyberactors

Romance fraud: Man loses £150k in Bitcoin scam

A man who lost approximately £150,000 in a romance fraud scam says the experience has “ruined” him and he now receives support from a counsellor. Tom, which is not his real name, was the victim of a cryptocurrency scam that started through a dating app. He said: “Trust was built

Facebook-funded cryptocurrency Diem winds down

Meta’s experiment with cryptocurrency, Diem, is shutting down. The Diem Association, which runs the project, announced the sale of assets of the cryptocurrency venture to Slivergate Capital Corporation for $182million. Launched as Libra in 2019, the project quickly ran into opposition from policy-makers. The association said it became clear from

Jack Dorsey Says Square Is Looking to Build a Bitcoin Mining System.

Square’s existing bitcoin-focused projects include a business to build an open developer platform and a hardware wallet for the crypto. Square Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a Bitcoin mining system based on custom silicon and open source for individuals as

Bitcoin Gets Closer to $60,000, Dogecoin Value Continues to Slip.

Ether climbs by 1 percent while Cardano, Ripple and Polkadot all see a slump to start the week. Bitcoin continues to one-up its previous days best and moves past $57,000 for the first time since May. At the time of writing, the world’s most popular cryptocurrency is trading at roughly