On October 16, 2023, Bitcoin’s difficulty impressively crossed the 61 trillion mark at block height 812,448, setting a fresh benchmark for the network. This ascent marked the fourth-largest rise in difficulty for the year. Yet, in the face of this increase, the hashrate has steadily and unflinchingly risen. Bitcoin’s Difficulty Explodes to 61 Trillion, Hashrate […]
Bitcoin Ordinal inscriptions have tapered off markedly since September 24, 2023, following a historic peak on September 15. This deceleration emerges as inscriptions nestled within the Bitcoin blockchain verge on the notable 35 million milestone. A Look at Bitcoin’s Recent Inscription Decline as 35 Million Milestone Looms The flurry of Ordinal inscriptions on the Bitcoin […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine peso reaches historic lows, Tether’s USDT accounts for more than 80% of the transactions in the Brazilian market, and Binance gets fully licensed in El Salvador. Argentine Peso Sinks Before Elections […]
Since the inception of the Bitcoin blockchain by Satoshi Nakamoto, the network has diligently processed in excess of 800,000 blocks. An examination of data from 99 distinct mining pools, spanning the previous 14 years, reveals that unidentified mining participants discovered 28.37% of the network’s total blocks. Trailing not far behind, F2pool secures the second position, […]
The exchange rate of the Argentine peso reached historic lows Monday in a decline that took its exchange rate to almost 600 pesos per U.S. dollar. Economists state that the uncertainty of the upcoming elections caused key bagholders to hedge their portfolios with foreign currency. However, analysts fear the effect this movement might have on […]