Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14

Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High Difficulty... Read more »

CFTC Pays $1M to Whistleblower in Digital Asset Case

The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly... Read more »

Putin Signs Law to Regulate Crypto Mining in Russia

Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for... Read more »

Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts

Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to... Read more »

Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace

Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that... Read more »

Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss

According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for... 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 »

Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop

On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1... Read more »

Ronin Network Reclaims $12 Million in Stolen Digital Assets

Ronin Network stated that digital assets worth $12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day. The Ronin team mentioned that they paused... Read more »

Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations

The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were... Read more »
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