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Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month. Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue … Read more
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting … Read more
Despite many cryptocurrency users having made their first purchases using Localbitcoins, little attention is paid to the experiences of the traders who operate on the platform. News.Bitcoin.com reached out to several Localbitcoins traders to find out about the challenges facing peer-to-peer crypto brokers. Also Read: Darknet Buyers Flock to Wall Street as Dream Winds Down … Read more
In recent news pertaining to cryptocurrency regulations, Alibaba and Tencent are collaborating with Chinese authorities to monitor and prevent peer-to-peer cryptocurrency trading via their respective mobile payments platforms, a 21-year-old has been indicted for operating an unlicensed cryptocurrency exchange, and Coinbase has filed with the U.S. Patent and Trademark Office for a mechanism designed to … Read more
Bitpay’s chief operating officer, Sonny Singh, recently attested to the efficacy of bitcoin as a means of payment, stating that “bitcoin is being used all around the world for things other than speculation and trading.” The COO also reported that Bitpay processed $1.2 billion USD worth of bitcoin payment in 2018. Also Read: Swissquote Reports 44% … Read more
