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
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
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
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
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
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
Crypto whales have taken a keen interest in the Dogecoin competitor, and have gambled big on SHIB since its release. An anonymous buyer decided to go on a SHIB coin shopping spree over two days buying close to an enormous 6.3 trillion coins. The whale began his spree on October
El Salvador is the first country to adopt Bitcoin as legal tender alongside the US dollar. El Salvador President Nayib Bukele has tweeted that his country has mined Bitcoin, the world’s largest cryptocurrency, using energy from a volcano. He shared an image of the mining in progress, which showed 0.00599179
Major cryptocurrencies like Bitcoin and Ethereum have been witnessing constant falls in recent days. Bitcoin prices have fallen below $45,000. This drastic change of 8 percent can be attributed to Chinese developer Evergrande’s debt of $300 billion, according to analysts. Although there’s no direct link between the property developer and
Salvadoran President Nayib Bukele stepped in on Wednesday to manage the fraught roll-out of a payments app that underpins the nation’s adoption of Bitcoin as legal tender, and called on users to report any problems on his Twitter feed. Adopting language similar to IT departments in offices around the world,
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