Bitcoin News and Finance: What You Need to Know

Over the past 30 days, bitcoin miners discovered 4,324 block rewards during the month of June, with approximately 37 mining pools dedicating hashrate to the blockchain. The blockchain achieved two milestones in June, as the network reached an all-time high in hashrate on June 11, and three days later, on June 14, the mining difficulty also reached a new peak. While Miners Accrued 27,025 Fresh Bitcoin in June, Mining Difficulty Tapped an All-Time High Bitcoin miners, over the past 2,016 blocks, have recorded an average hashrate of approximately 359 exahash per second (EH/s). On Saturday, July 1, 2023, the current hashrate is roughly 335.71 EH/s, with 37 mining pools dedicating hashpower to the Bitcoin chain. Foundry USA is the top mining pool on Saturday, and it also held the top position during the previous month. Statistics indicate that throughout June, mining pools discovered 4,324 block rewards, with Foundry finding 1,404 of them. Foundry’s metrics in June indicate that the po...

The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. “Opening yuan accounts could attract more people and enterprises to exchange Argentinian peso to yuan, as more or less a ‘safe haven’ currency, instead of exchanging all of their local currency to U.S. dollars,” an economist explained. Banks in Argentina Now Authorized to Open Yuan Accounts Argentina’s central bank announced Thursday that it is now allowing Chinese yuan in bank accounts. The announcement states (translated by Google): The Central Bank of the Argentine Republic has incorporated the renminbi yuan as an accepted currency for deposit-taking in savings banks and checking accounts. Financial entities will thus be enabled to open bank accounts denominated in renminbi yuan. The decision by Argentina’s central bank to incorporate the Chinese yuan aligns with the country’s struggle against a dwindling supply of U.S. dollars. The move also c...

The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law on SEC positions and quit the personal attacks on the SEC Chair or the SEC staff,” he stressed. “It’s an anemic and flawed pivot that does not work in a courtroom and is a transparent and bush-league attempt to rally the mob.” Stark Defends SEC Chair Gensler Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark has defended SEC Chairman Gary Gensler, calling on the crypto community to quit personal attacks on him. Stark is currently president of cybersecurity firm John Reed Stark Consulting. He founded and served as chief of the SEC Office of Internet Enforcement for 11 years. He was also an SEC enforcement attorney for 15 years. Gensler has said several times that all crypto tokens, besides bitcoin ( BTC ), are securities. His stance has raised conc...

After climbing by over 20% on Friday, litecoin extended gains to start the weekend, surging to its highest point in over a year. The move comes as momentum surrounding the token’s listing on EDX markets continues to grow. Dogecoin also recorded a strong start to the day. Litecoin ( LTC ) Litecoin ( LTC ) was once again a big mover in cryptocurrency markets, as the token rallied to a multi-month high. Following a low of $91.73 during Friday’s session, LTC /USD raced to an intraday high of $111.76 earlier today. As a result of the rally, litecoin peaked at its strongest point since April 7 last year, when price reached a top at $116.00. After breaking out of a ceiling at 61.00 on the relative strength index (RSI), LTC bulls took the index past yet another ceiling. This time at the 68.00 level, with price strength peaking at 73.91 to start the weekend, which is its highest point since January. Litecoin has since gone on to retreat from today’s high, and as of writing, is trading ...

Ethereum entered the month of July in the green, as price traded at a two-month high to start the weekend. Markets moved to rebound on Saturday, after better than expected consumer sentiment data in the United Stated spooked traders. Bitcoin also rebounded, after falling below $30,000 on Friday. Bitcoin After falling below the $30,000 level during Friday’s session, bitcoin ( BTC ) rebounded on Saturday, however sentiment was still somewhat bearish. Following a high of $31,093.98 on Friday, BTC /USD dropped to an intraday low at $29,600.28 as the session progressed. However, the price is now trading at $30,444.75, as bulls moved to buy the dip, pushing BTC higher to start the weekend. As per the chart, the rebound came as the relative strength index (RSI) found a floor at the 63.00 mark. The index is now tracking at 65.64, and seems to be heading for a resistance point around the 70.00 level. A collision with this target will likely result in bitcoin once again moving above $31...

Jay Clayton, former chair of the U.S. Securities and Exchange Commission (SEC), has revealed his stance on the recently implemented enforcement strategy of U.S. regulators. In an interview on CNBC, Clayton stated that the SEC’s strategy of bringing myriad cases to court against U.S. corporations was problematic “at a 30,000-foot level.” Jay Clayton Criticizes SEC’s Case Volume Strategy Jay Clayton, former chair of the U.S. Securities and Exchange Commission (SEC), voiced his concerns with the new “ethos” of U.S. regulators, which involves bringing many cases to court, even those they think won’t succeed. In a recent interview on CNBC, Clayton referred to this enforcement strategy as a “fundamental shift” from how Americans view the role of the government. About this new strategic approach, Clayton stated: I don’t want to be in a place where I know the government is going to bring cases they think they are going to lose; imagine you are the person that is subject to that case. ...