Bitcoin Mining Difficulty Surges: Miners Face Toughest Conditions Yet

Bitcoin Mining Difficulty Surges: Miners Face Toughest Conditions Yet

Source: Bitcoinist The difficulty in mining Bitcoin has surged to a new record level, hence squeezing profit margins. Reaching 92.67 trillion, the difficulty index exceeded the previous record peak of 90.67 trillion set in July this year. This 3.6% rise represents the increased competitiveness resulting from record-breaking hashrate values. It emphasizes how resilient and secure…

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South Korea eyes KuCoin, BitMEX in crypto exchange crackdown

South Korea eyes KuCoin, BitMEX in crypto exchange crackdown

Source: Coin Tegraph South Korean authorities are reportedly looking into blocking crypto exchange platforms that may have operated without adhering to the requirements set by the country’s financial regulator.  On March 21, local media Hankyung reported that the Financial Intelligence Unit (FIU) of the Financial Services Commission is considering sanctions against crypto exchanges for allegedly…

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‘Video games are not manufactured in China,’ Playasia reassures tariff-wary customers

‘Video games are not manufactured in China,’ Playasia reassures tariff-wary customers

Source: The Verge Playasia, a popular retailer for buying video games, toys, and more from Asia, says that it “does not expect” the Trump administration’s planned import rule changes on Chinese-made goods to apply to “game-related orders” because “those orders will not include Chinese-manufactured goods.” On May 2nd, the Trump administration is planning to end…

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Bybit Turns To Bitget And Binance For 9 Million ETH Loan Amid Withdrawal Spike

Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal Spike

Source: Bitcoinist Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and…

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