Analysts say Bitcoin's falling hash rate and difficulty adjustment is making the cryptocurrency more profitable for miners. This and more news is in this handy daily roundup so you're always up to date with the latest events happening in the crypto world.
Cryptocurrencies and altcoins
📍Bitcoin suffers the largest difficulty adjustment in its history after a 28% drop in the hash rate. This weekend, the Bitcoin network suffered the largest difficulty adjustment in its history, dropping by 28%. hash rate Bitcoin fell to 84,7 PE/s, data from Blockchain.com shows.
Willy Woo, one of the most well-known crypto analysts in the industry, noted that the drop in computing power and the network difficulty adjustment is driven by China’s crackdown on Bitcoin miners. However, the analyst took the opportunity to point out that “miner capitulation” has historically been a good underlying indicator for the cryptocurrency.
Bitcoin's drop in computing power makes the cryptocurrency more profitable for miners. BTC has surpassed 35K again and is trading at press time with a value of $35.400.
📍The price of Ethereum (ETH) has recovered by 20% in the last week. Cryptocurrency analysts note that the price of ether is stabilizing as the launch of London approaches, an update that has sparked high expectations in the crypto community. Currently, ETH is trading at a value of $2.335 per unit.
All cryptocurrencies in the Top 20 are in the green at press time.
Bitcoin and Blockchain Adoption
📍AZ Alkmaar football club starts offering Bitcoin salaries to its professional players. AZ Alkmaar is associated with a Dutch cryptocurrency firm to offer its players the option of receiving part of their salaries in BTC. As the announcement explains, the football club seeks to encourage the use and adoption of cryptocurrencies such as bitcoin, integrating it increasingly into the world of sports, which is home to millions of fans and supporters.
📍Cerex, the beer company based in Cáceres (Spain), begins accepting payments with cryptocurrencies. The company reported that it has verified the security and usefulness of cryptocurrencies, so it decided to integrate them among its payment options. Now Cerex customers can use bitcoins, ethers and the stablecoin USDC to pay for your products.
📍Grayscale, the largest cryptocurrency investment fund provider, adds Cardano (ADA) to its service offering. The investment firm with more than $29.800 billion in digital assets under management announced the integration of Cardano (ADA) to its large-cap investment portfolio. The firm announced that ADA will be the third largest holding in its Digital Large Cap Fund.
Cybersecurity
📍LinkedIn suffers another security breach exposing data of 700 million users. The social platform for professional profiles LinkedIn has once again fallen victim to a security breach that allowed the massive leak of data from millions of its users on the Internet. The leaked data, according to a report restore privacy, including email addresses, full names, phone numbers, physical addresses, geolocalized location, LinkedIn name and profile URL, and access to other social media accounts of the affected users.
This is the second hack that the social network has suffered, exposing its users to phishing, identity theft, social engineering attacks and much more, the cybersecurity firm explained in its report.
📍Researchers warn that scammers are selling fake COVID-19 vaccines using cryptocurrencies. Coinfirm, a company focused on blockchain analysis, indicates that several scammers from the United States and Russia are promoting the sale of fake COVID-19 vaccines on the darknet, accepting cryptocurrencies as payment in an unsuccessful attempt to hide from the authorities. report The firm notes that it has already identified and tracked several cryptocurrency addresses such as BTC, ETH, DASH, LTC, TRX, XMR and ZEC of people related to the sale of fake vaccines and other medical products.
Development and Technology
📍Talent Land Foundation opens call for 10.000 talented people from El Salvador. Together with the Innovation Secretariat of the Presidency of El Salvador, the Talent Land Foundation is inviting young talents from El Salvador to participate in the largest innovation and technology event called Jalisco Talent Land Digital, where they will be able to access diverse content, network and participate in various online competitions. The Talent Land Foundation will award scholarships to the 10.000 young talents selected for the event.
Rules and Regulations
📍CBDCs will be present in the upcoming UK reforms. British Chancellor of the Exchequer Rishi Sunak has said he is exploring the issuance of a central bank digital currency (CBDC) with the Bank of England and discussing the country's future financial reforms, where cryptocurrencies and stablecoins will be integrated to support the safe adoption of crypto assets in the territory. Sunak made these statements during his speech at the Mansion House in London.
Likewise, via Twitter, Sunak expressed that the United Kingdom will establish higher global standards to offer competitive financial services while ensuring investor protection.
📍Bitcoin.org website, operated by “Cobra”, blocks access to Bitcoin whitepaper in the UK. Cobra, the anonymous operator of Bitcoin.org, has decided to comply with the ruling handed down by Judge David Hodge QC, who ruled in favour of Craig Wright in his Bitcoin copyright lawsuit against Cobra. On Twitter, a bitcoin user reported that the anonymous operator of the Bitcoin.org website blocked British users from accessing the cryptocurrency’s whitepaper; in addition, it also blocked access to the bitcoin software, which cannot be downloaded from the UK.
The news did not go down well with Bitcoiners and the crypto community, who point out that Cobra should seek a good lawyer since it is misinterpreting the law by blocking access to the Bitcoin software. Others criticize the importance that the operator is giving to the claims of someone who has not been able to prove his ownership of the whitepaper Bitcoin, clearly referring to Wright. Cobra clarified that it is only trying to comply with the law.
Continue reading: 56% of Bitcoin miners use sustainable energy, indicates the Bitcoin Mining Council
