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Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months


It’s now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today’s 29.85 trillion. It’s the largest DAA drop since July 17, 2021, when the difficulty dropped 4.81% at block height 691,488. Bitcoin...

Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday


AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of today’s biggest losers, as prices...

Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization


On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered...

New Elon Musk Crypto Scam Deepfake Promises 30% Returns On Deposits


  Tesla CEO Elon Musk continues to be the target of online con artists who are using his image to rob traders of their cash - with a new deepfake video depicting the billionaire entrepreneur making the rounds on Twitter. A short video, reposted by user DogeDesigner, shows Musk being interviewed...

Chinese Indexes Company Launches Hang Seng Metaverse Index


A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes...

Bitcoin Trends Lower, Ethereum and Altcoins Take Hit


  Bitcoin price declined and settled below USD 30,000. BTC traded below USD 29,200 and is currently (11:45 UTC) showing bearish signs near USD 29,100. BTC is down 1% in a day and is still up more than 1% in a week. Besides, most major altcoins are gaining bearish momentum. ETH declined below...

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