Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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So not sure exactly when this was released, but Coinbase original flavor now has advanced trading with market and limit buys. Checking out the fees on Pro and the regular site, they seem to be completely identical. I'm not sure if there is anything I am currently overlooking, but from what I can tell, you…
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The U.S. Securities and Exchange Commission (SEC) has charged cryptocurrency lending platform Blockfi in a first-of-its-kind action. The crypto lender has agreed to pay $100 million to settle the charges and pursue necessary registrations. SEC Charges Crypto Lending Platform Blockfi The U.S. Securities and Exchange Commission (SEC) announced Monday that crypto lending platform Blockfi has […]
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Hello all, the following was my experience going through a card upgrade with Crypto.com. I had most of my CRO locked up in the defi wallet and was in the process of waiting the 28 days to move it over. I had a few more just sitting in my regular wallet and figured I’d put…
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Bitcoin’s hash rate has continued its recent climb, riding the waves to new highs. The digital asset that has been suffering following the market crash seems to only be suffering in price as it has kept up the pace in other avenues. Coming out of the weekend, bitcoin has recorded a significant spike in its hash rate, leading to a new high of 248.11TH/s in a period of 24 hours. Bitcoin Hash Rate Touches New High Between February 11th and February 12th, the bitcoin hashrate recorded a new high. Miners who have been an integral part of the network since inception have continued to increase their support for it. Not only does mining profit the miners through block rewards and transaction fees, but they also help to secure the network with their activities which is why the recent surge is important. Relaed Reading | Argentinian Tax Authority to Seize Digital Wallets to Collect Tax Debts The hash rate has continued to trend around the same level for the better part of the month, fluctuating above and below 200 TH/s. On Saturday however, Blockchain.com reported that the hash rate had jumped 31% in the space of a day. It is one of the most significant growth recorded on the blockchain in recent times. In a matter of one year alone, the hashrate has grown 54%. This is coming up from the China crackdown on mining that saw the hash rate from the region crash to near zero. The digital asset has since recovered from this and surged towards new highs. With more power coming from the computing machines of miners, the hash rate has continued to climb. It is, in turn, helping to straighten the bitcoin network, an all-around win for the asset. Why Is Hash Rate Rising? The rise in the hash rate can be attributed to the number of miners that are coming into the space. Gone are the days when bitcoin mining was carried out on computers with graphics cards. Nowadays, there are entire farms dedicated to the activity of thousands of mining machines all connected to give the miners a better shot at mining a block. It has grown into a robust, billion-dollar industry. BTC settles above $42K | Source: BTCUSD on TradingView.com On the flip side of this, small-time miners are also ramping up their activities. Although their small hash rate makes it harder to make a profit, these small miners are finding refuge in mining pools where they pool their hash rate together, thereby increasing their chances of finding a block. Relaed Reading | Bitcoin Price Quick Look: Profit Taking Affects Current Market Movements This has worked out for a couple of miners who have been able to mine full blocks, receiving the full reward, despite their small hash rate. With this, more small miners are coming online but the real values are coming from the big players. It is expected that bitcoin’s hash rate will continue to rise as more players move into the mining industry. It has become a refuge for investors who want to invest in bitcoin-adjacent products. Currently, Russia has overtaken China and the United States to become the country with the highest hash rate. Featured image from CoinDesk, chart from TradingView.com
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Momentum for GNO builds as Gnosis rebrands to the Coincidence of Wants (CoW) Protocol and launches an airdrop for GNO stakers and validators.
