Bitcoin mining difficulty continues to climb.

Quick Take Yesterday, April 6, Bitcoin difficulty adjusted positively again to over 2%, the sixth positive adjustment this year out of 8. The difficulty is now at an all-time high due to the ongoing hash rate surge, which is now at 340 TH/s (7DMA). origin »

Australian Authority Cancels Binance’s Derivative License.

Australian Securities and Investment Commission (ASIC) have canceled Binance’s derivatives license, a crypto exchange platform that has offered derivatives services in Australia since July 2022. After deliberating on its mode of operations, ASIC has seen reasons to withdraw the exchange’s derivatives license. origin »

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Bitcoin Loss Taking Spikes, Why This Could Be Bullish.

On-chain data shows Bitcoin loss-taking transaction volume has spiked recently. Here’s why this could turn out to be bullish for the asset’s price. Bitcoin Loss-Taking Volume Has Been More Than The Profit-Taking One Recently According to data from the on-chain analytics firm Santiment, traders are currently taking losses at twice the rate of profits. origin »

Russia becomes 2nd most powerful BTC miner in the world.

As of the end of the first quarter of 2023, Russia ranked as the world’s second most powerful Bitcoin (BTC) mining provider, according to the Moscow Times, citing data from Bitriver. During the first three months of the year, Russia generated one gigawatt (GW) of mining power, according to the Moscow Times report. origin »

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