
Bitcoin hashprice drops as miners face possible 30% energy tax
Jaran Mellerud said Bitcoin's mining difficulty and hashrate has soared by more than 20% in 2023 while the asset's decline has erased most of the gains it made early in the year.
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Jaran Mellerud said Bitcoin's mining difficulty and hashrate has soared by more than 20% in 2023 while the asset's decline has erased most of the gains it made early in the year.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

Bitcoin had a negative netflow of $13.7 million as investors withdrew more BTCs from exchanges during the last 24 hours, according to Glassnode data.

Hut8's financial statements for 2022 showed that the Bitcoin miner earned less revenue despite its higher productivity levels.

Xapo became the first licensed bank to integrate with the Lightning Network as Silvergate shuts down and Signature struggles.

Hayes said 1 NUSD would be created by depositing $1 Bitcoin on a derivative exchange and then shorting the same amount of Bitcoin on an inverse perpetual swap.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

The significant USD liquidity decline shows Silvergate's role in connecting the traditional financial system and the crypto industry.

The total crypto market cap sinks below $1 trillion as the Silvergate crisis deepens and Fed hawkishness takes hold.




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