There was a lot of talk three years ago about the data included in bitcoin transactions and the amount of block size space these OP Return transactions took up. However, in recent years, the use of OP Return transactions has decreased significantly, lowering network rates to some extent.
Argentina's government has taken the initial steps toward the establishment of its own central bank digital currency (CBDC). A new order with the number 207/2022 grants the Argentine mint unprecedented powers to investigate, produce, and issue digital currencies. Argentina is now following in the footsteps of nations such as Brazil and Mexico, who are actively participating in the creation of their e-currencies.
Kevin O'Leary, a celebrity investor, told CNBC on Friday that cryptocurrencies and companies in the embryonic digital asset industry account for one-fifth of his investment holdings.
Gibraltar has revealed new cryptocurrency legislation, aimed at preventing market manipulation and insider trading in the fast-evolving industry.
If the Bitcoin mining moratorium is made into law, it will be the world's most important law of its kind.
For the next two years, the law would prohibit new licences for proof-of-work mining activities at decommissioned power plants.
Compass Mining, based in the United States, aims to sell $30 million worth of bitcoin mining equipment currently situated in Siberia. The move to sell the mining machines comes after the United States authorities sanctioned bitcoin mining company Bitriver and its 10 subsidiaries. According to a corporate official, Compass is trying to dump 12 megawatts of capacity.
Bitcoin's hashrate hit a new peak this weekend, achieving 271.19 exahash per second (EH/s) at block height 733,197 on Saturday, April 23. The computing power is now cruising along at 233.81 EH/s, with a network difficulty modification scheduled for April 27.
The bill will now go through two more rounds of debate before reaching the president's desk.
Men dominate the crypto business; according to a LinkedIn analysis, 70 percent of new crypto employees between 2018 and 2021 were men.