The company aims to take advantage of Hong Kong's renewed status as a promising crypto hub, considering the city's efforts to establish a well-defined regulatory framework for digital assets.
Bitcoin's price has dropped more than 22% against the US dollar in the previous 30 days, yet its hashrate has maintained above 200 exahash per second (EH/s) during that time. During the last month, 16 known mining pools mined the leading crypto asset, but the top five mining pools had 71.4 percent of the worldwide hashrate.
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.
In the first session of the second day of the #bitcoinmasterclass in Slovenia, Dr. Craig Wright talks about Distributed Hash Tables, ...
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On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
Cathie Wood also alluded to the significant downfall of the crypto exchange FTX last year, stating that it effectively 'proved the concept' of bitcoin.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.