Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022

The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling... Read more »

US Bitcoin spot ETFs bleed $168 million amid market chaos, Ether ETFs gain

Key Takeaways Grayscale and Fidelity Bitcoin funds each saw around $69 million in withdrawals on Monday. Ethereum ETFs logged nearly $49 million in net inflows, contrasting with Bitcoin’s heavy outflows. Share this... Read more »

Trump reiterates support for Bitcoin during livestream with Adin Ross

Republican presidential nominee Donald Trump reiterated his support for Bitcoin and crypto during an interview with popular live streamer Adin Ross on Aug. 5. The former President reaffirmed statements made during his... Read more »

Australia Flags Over 2,000 Compromised Crypto Wallets

More than 2,000 compromised cryptocurrency wallets belonging to Australians were recently uncovered during a global operation targeting cryptocurrency scammers. The Australian Federal Police is reportedly investigating Australian losses identified in “Operation Spincaster”... Read more »

Bitcoin funds see $400 million outflows amid recession fears

Key Takeaways Digital asset investment products saw $528 million in outflows, the first decline in 4 weeks. Ethereum products faced $146 million in outflows, with new US ETFs gaining $430 million while... Read more »

DeFi giant Aave achieves $6M revenue in volatile market conditions

Leading DeFi platform Aave Protocol generated over $6 million in revenue during the current market downturn. On-chain data shows that Aave earned $802,000 from a $7.4 million wrapped Ether (WETH) liquidation, reflecting... Read more »

Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet

Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company... Read more »

Bitcoin falls to $57k as market bleeds amid fears of recession, war

Bitcoin (BTC) fell below key support levels as markets continued to bleed over the weekend due to fears of an impending global recession and escalating tensions in the Middle East. The flagship... Read more »

New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes

U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability... Read more »

Historic Drop in Bitcoin Revenue Leaves Miners Struggling

After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the... Read more »