Bitcoin Mining Difficulty Reaches ATH After 13% Jump – October 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,241

Bitcoin price has taken a slide over the weekend, as the Russia-Ukraine war escalates with some significant strikes in Kyiv.

Top-20 altcoins are mostly down over the last 24 hours, as Ethereum drops 1%, BNB slides almost 2% and Tron is the largest gainer with a 2% rise.

Top Stories for October 10, 2022 πŸ”₯

πŸ‘‰ Bitcoin Mining Difficulty Reaches ATH After 13% Jump

Bitcoin mining difficulty has reached an all-time high of 35.61 trillion hashes, following a significant 13% jump in the latest adjustment.

The network’s total hash rate is also at all-time highs, showing a surprising strength in mining on the network despite a reduced BTC market price. Analysts estimate miners’ profitability to be reduced by around 20% from the adjustment.

πŸ‘‰ Huobi Exchange Native Token Rises 18% After New Investment

Crypto exchange Huobi’s native token has spiked 18% following news of new investment. Founder Leon Li Lin has also sold off his stake in the exchange to a Hong Kong company.

The exchange plans for more international brand promotion and “business expansion initiatives.”

Huobi is currently the eighth-biggest crypto exchange in terms of daily trading volume, with almost half a billion in 24 hour normalized volume.

πŸ‘‰ PayPal Reneges On Controversial “Misinformation” Policy

Payments platform PayPal has retracted a clause in its Acceptable Use Policy that may have fined users $2,500. for spreading “misinformation”.

The clause would have taken effect on November 3, however was met with a significant amount of backlash across Twitter, especially among the crypto community.