Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
CoinDesk2h agoUpdated 2h ago
Smart Read
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
Coins in this story
Discussion
Related stories
CryptoSlate
Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer…
CoinDesk
Bitcoin holds monthly gain, faces 'choppy' August as 'forced-selling' exhausted, analysts say
The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom.
CoinDesk
Solana Foundation's new CISO warns AI is making crypto scams more convincing
Michael Coates, the foundation’s new CISO, said that AI vulnerabilities and fake identities will drive the next wave of blockchain security concerns.
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.