Bitcoin Hash Rate & Mining Difficulty Hit New All-Time Highs – April 7

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$27,905

Bitcoin price hovers around the $28,000 for yet another consecutive day, heading into the weekend.

Top-20 altcoins are following suit with low volatility, with the exception of Dogecoin which has fallen 8% over the last 24 hours. Ether and BNB have each fallen just 1% in the alst day of trading.

Top Stories for April 7, 2022 🔥

👉 Bitcoin Hash Rate & Mining Difficulty Hit New All-Time Highs

Bitcoin’s hash rate has reached a new record high of 342.16 EH/s, while the network’s mining difficulty has increased for the fourth time in a row. The figure has also reached a new all-time high, of 47.89 trillion – making it harder than ever to mine a Bitcoin block.

Despite the increased mining costs, miner revenue has also increased due to the price of Bitcoin rising by 69% since the start of this year, resulting in increased block rewards and transaction fees.

Bitcoin miners made just under $732 million in March from block rewards, with an additional $755 million from transaction fees.

👉 ECB President Reveals “There Will Be Control” Via CBDC

A video has been widely shared of European Central Bank  (ECB) President Christine Lagarde, admitting to the need for a digital euro and the limited control it would have over payments.

Lagarde cited a desire not to rely on an unfriendly country’s currency or a currency provided by a private corporate entity such as Facebook or Google. She later implied that it was under consideration whether “very small amounts” under 300-400 euros should even be allowed to have “zero control”.

The ECB began investigating a digital euro in July 2021 and is set to make a decision on whether to launch it in October.

👉 Mt. Gox Repayment Window Opens, Payments Will Take Time

The deadline has passed for creditors of defunct exchange Mt. Gox to provide their repayment information, which opens the window for repayments to be made.

The repayments will be carried out by October 31, 2023, and will be made in a mix of crypto and fiat currency. The first 200,000 yen worth of each creditor’s claim will be paid in yen, with any claims above this amount being paid in a mix of around 71% crypto and 29% cash after the initial payment.

The deadline for repayments to be made could be subject to change with the permission of the Tokyo District Court.