Bitcoin Mining Difficulty Sees Largest Rise Since January – August 31

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $20,086

Bitcoin price continues to range around the $20,000 mark, as it approaches a crucial decision point in the market.

Top-20 altcoins look relatively stable, as Ethereum rises 2%, BNB remains unchanged and Polygon leads with a 3% advance.

Top Stories for August 31, 2022 πŸ”₯

πŸ‘‰ Bitcoin Mining Difficulty Sees Largest Rise Since January

Data from shows that Bitcoin mining difficulty has jumped by 9.26%, the largest increase since January of this year. The move indicates increasing competition (but also a reduction in individual profits) for miners on the network.

On the plus side, the rise has also been accompanied by a 12% improvement in hash rate, which means a more resilient and secure blockchain.

πŸ‘‰ Eurozone Reaches Record 9.1% Inflation In August

Inflation has reached a record 9.1% for the Eurozone, an increase from the 8.9% recorded in July. The figure comes amid soaring energy, gas and food prices, as the crisis continues in Ukraine.

The increase is the ninth month of rising inflation in a row for the area, which consists of 19 different European countries. Energy prices have had the largest impact, up by an annual rate of more than 38%.

πŸ‘‰ Ticketmaster Selects Flow Blockchain For NFT Ticketing

Event ticketing giant Ticketmaster has chosen Dapper Labs’ Flow blockchain for NFT ticketing, following a successful six-month pilot program.

The program involved Ticketmaster issuing ticket NFTs as memorabilia to attendees of specific events, including Super Bowl LVI. More than five million NFTs were minted during the period.