Bitcoin Network Hashrate Reaches Yet Another All-Time High – May 4

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,751

Bitcoin price has dropped 2% over the last 24 hours, as price cools off further from its recent run over the $9,000 mark.

Top-20 altcoins have fallen further, as Ethereum loses 4%, XRP loses 2%, and Bitcoin Cash 6%. coin is the only top-20 coin in the green, with a gain of just under half a percent.

Top Stories for May 4, 2020 🔥

👉 Bitcoin Network Hashrate Reaches Yet Another All-Time High

The Bitcoin network’s hashrate has hit yet another all-time high as we approach the Bitcoin block reward halving, which occurs on May 12.

The new one-day average hashrate has reached 139 EH/s, with miners scrambling for the last week of the block reward being 12.5 BTC, before it drops to 6.25 BTC per block mined.

👉 Indian Cryptocurrency Exchanges Look for Tax Clarity from RBI

Indian cryptocurrency exchanges have drafted a formal letter to the Reserve Bank of India, in an effort to gain clarity regarding the classification of their businesses.

According to reports, the exchanges are also still being denied access to banking services, in spite of the fact that the RBI’s cryptocurrency ban was lifted by the Supreme Court.

👉 Ripple Co-Founder Offloads 54 Million XRP Over the Month of April

Ripple co-founder Jed McCaleb has allegedly sold 54 million XRP coins during the month of April, according to data from TheCryptoAssociate.

By analyzing XRP addresses owned by McCaleb, the investigators found that he has sold off his supply of XRP coins regularly. On average, 1.8 million XRP passed through his liquidation wallet daily over the last month.