Last year, China's reported hashrate dropped to zero for two months, but it has since risen sharply.
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Bitcoin
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Cointelegraph speaks with the crypto community about their historic BTC purchases in honor of Bitcoin pizza day, the first-ever real-world Bitcoin transaction.
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According to data, the put/call ratio for bitcoin options hit yearly highs on Thursday.
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Andrew Kang discussed MicroStrategy's bitcoin strategy with The Wall Street Journal on Wednesday.
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The DOJ has filed its first criminal lawsuit against an American who allegedly utilized cryptocurrencies to evade US sanctions. 'The payments site offered its services as a way to get around US restrictions, including apparently untraceable virtual currency transfers.'
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The Luna Foundation Guard, previously the greatest Bitcoin holder in the world, controls just 313 Bitcoins according to the most recent report.
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Bitcoin has failed as an inflation hedge in recent weeks due to inflation fears and bad macroeconomic mood.
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Logan Paul allegedly inflated and dumped cryptocurrency startups such as DinkDoink and EthereumMax.
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'Keep in mind that your bitcoin losses cannot be credited against your pay or compensation,' stated ATO associate commissioner Tim Loh.
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The income disparity, technological stress, and overuse of jargon all contribute to a lack of financial and crypto literacy, which makes it difficult for the average person to understand cryptocurrency.
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