#BTC Hashprice Hits $0.03 per TH
Bitcoin’s hashprice — the revenue miners earn per terahash — has dropped to around $0.03/TH, putting heavy pressure on mining profitability.
As a result, the network adjusted mining difficulty down by 11%, marking the largest negative difficulty change since China’s mining ban in 2021.
@Cryptoz
Bitcoin’s hashprice — the revenue miners earn per terahash — has dropped to around $0.03/TH, putting heavy pressure on mining profitability.
As a result, the network adjusted mining difficulty down by 11%, marking the largest negative difficulty change since China’s mining ban in 2021.
@Cryptoz
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🏛 Banks refused to compromise on stablecoin yields.
A new meeting was held at the White House on the CLARITY bill about the crypto market structure with representatives from banks and the crypto industry.
The banking side brought a document with a firm stance:
➠ A complete ban on any rewards to stablecoin holders.
➠ A ban not only on financial interest but on any bonuses.
➠ Strict supervision and an enforcement mechanism.
The banks' argument — protecting deposits. Yields on stablecoins could trigger outflows from the traditional banking system and hurt lending to the real economy.
@Cryptoz
A new meeting was held at the White House on the CLARITY bill about the crypto market structure with representatives from banks and the crypto industry.
The banking side brought a document with a firm stance:
➠ A complete ban on any rewards to stablecoin holders.
➠ A ban not only on financial interest but on any bonuses.
➠ Strict supervision and an enforcement mechanism.
The banks' argument — protecting deposits. Yields on stablecoins could trigger outflows from the traditional banking system and hurt lending to the real economy.
@Cryptoz
🤔 Up to 10% of Bitcoin’s market cap could flow into privacy coins.
The founder of Digital Currency Group stated that in the coming years, 5-10% of capital from BTC will move into privacy-focused cryptocurrencies like Zcash (#ZEC).
Bitcoin remains the core asset in the portfolio, but a 500x increase is unlikely unless the dollar collapses.
However, the privacy coin sector has the potential for 100x-1000x growth.
@Cryptoz
The founder of Digital Currency Group stated that in the coming years, 5-10% of capital from BTC will move into privacy-focused cryptocurrencies like Zcash (#ZEC).
Bitcoin remains the core asset in the portfolio, but a 500x increase is unlikely unless the dollar collapses.
However, the privacy coin sector has the potential for 100x-1000x growth.
@Cryptoz
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American Hodl on how each cycle compounds in difficulty, tough emotional moments in the hodling journey, life-changing money & how plebs are struggling with the nihilism of everyday life.
@Cryptoz
@Cryptoz
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🐷
Bitcoin OG Pierre Rochard debunks strategy $MSTR liquidation FUD, stating, "Critics said the same thing in 2022."
@Cryptoz
Bitcoin OG Pierre Rochard debunks strategy $MSTR liquidation FUD, stating, "Critics said the same thing in 2022."
@Cryptoz
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