Bitcoin News and Finance: What You Need to Know

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion. Bitcoin Miners Catch a Miniscule Break as the Network’s Difficulty Shrinks by 0.20% Bitcoin’s mining difficulty is still extremely high in comparison to the height it was in mid-August 2022. For instance, on Aug. 17, 2022, just before the year’s third largest difficulty increase, the difficulty was around 28.35 trillion. At 36.76 trillion, data shows the difficulty increased by 29.66% since Aug. 17, which makes it more than 29% more difficult to find a bitcoin ( BTC ) block today than it was in mid-August. While the 0.20% drop is a small decrease, it is still helpful to miners in contrast to the difficulty rising higher. At the time of writing, Bitcoin’s total hashrate is around 269.86 exahash per s...

PRESS RELEASE. PARIS, FRANCE / NOVEMBER 7th 2022 / Tezro’s decentralized cryptocurrency payment service is expected to revolutionize the shopping experience. Through its innovative financial chat platform, the Tezro app combines crypto and e-commerce, enabling users to make purchases using a wide range of cryptocurrencies. With Tezro , you can buy and sell cryptocurrencies on one of the most secure platforms available. The app’s exchange feature allows users to make purchases by choosing the desired currency and the desired amount. As a further security measure, escrow services allow consumers to verify payments only after the appropriate quantity of bitcoin has been sent by the related dealer. Cryptocurrencies’ success stems mostly from blockchain technology’s unparalleled features. Cryptocurrencies, non-fungible tokens, alternative coins, Decentralized Finance, Decentralized Media, the birth of Web 3.0, and many more have all been made possible by blockchain technology. Unprecede...

Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During the last 12 months, Foundry has managed to increase the pool’s hashrate by more than 350% climbing to 84.34 EH/s on Nov. 6, 2022. After 12 Months, Foundry USA’s Hashrate Muscles Its Way Into the Top Bitcoin Mining Pool Position The bitcoin mining pool Foundry USA has been a force to be reckoned with during the last 12 months. The mining operation Foundry USA is owned and operated by Foundry , a mining, staking, and consulting firm based in Rochester, New York. The company was created by Digital Currency Group (DCG) and it was founded in 2019, according to a press release announcing the mining arm on Aug. 27, 2020. Statistics from the web portal btc.com show the earliest recorded sighting of Foun...

Square Enix, the Japanese AAA game developer and publisher, announced the launch of a new NFT-based gaming franchise, titled Symbiogenesis. The experience, which will be built on top of Ethereum, will leverage the use of NFTs (non-fungible tokens) as art that users can set as profile pictures and use in a separate NFT market. Square Enix Announces Symbiogenesis NFT Project Square Enix, one of the leading Japanese gaming companies, has announced Symbiogenesis, one of its first NFT-based interactive experiences. On Nov. 3, as part of the company’s participation in the India Game Developers Conference, Square Enix finally cleared up the mystery that surrounded the game, thought to be related to its Parasite Eve franchise due to its name. However, Square Enix announced the premise of the game to be very different. The upcoming experience will revolve around a series of character “symbiosis,” that would be available to be collected as digital art in the form of NFTs. These art NFTs wil...

A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De Los Santos. The plan, identified as “Argentine Digital Peso,” also predicts that its implementation would lead to lower taxes and bring a surplus to the Argentine economy. Digital Peso Proposal to Stop Tax Evasion On Nov. 4, former Argentine banker and president of the Productive Inclusion Foundation Carlos Maria De Los Santos unveiled a proposal called the “Argentine Digital Peso,” which would encompass the elimination of the physical representation of the currency in Argentina and the digitization of all economic activity. De Los Santos explains that the implementation of this plan, which would supposedly be at no additional cost to the Argentine state, would allow banks to have oversight of all transactions made by citizens. Bank account data would substitute physical bills, with st...