Bitcoin Observes Largest Drop in Mining Difficulty Since 2011 – March 26

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $6,615

Bitcoin price has traveled sideways in a tight range over the last day of trading, as it hovers below $7,000 resistance.

Top-20 altcoins have had another uneventful day, with Ethereum losing 2% and XRP remaining stationary. Monero continues to be the only notable gainer, rising almost 6%.

Top Stories for March 26, 2020 πŸ”₯

πŸ‘‰ Bitcoin Observes Largest Drop in Mining Difficulty Since 2011

Bitcoin mining difficulty has fallen by 16% today, the second-largest amount in the entire history of the Bitcoin network. The only greater drop in mining difficulty was seen in 2011, when it fell 18%.

Today’s fall was a direct consequence of the recent collapse in price, which has led to many miners becoming unprofitable and subsequently closing down – made evident by a fall in network hash rate.

πŸ‘‰ IOSCO Report Claims Stablecoins Subject to Securities Laws

A report recently published by the International Organization of Securities Commissions (IOSCO) has claimed that global stablecoin projects may be subject to securities laws.

Using an example that appeared to be very similar to Facebook’s Libra, the IOSCO noted that a large-scale adoption of such a coin would subject it to compliance with standards set by the Bank of International Settlements.

πŸ‘‰ Almost 1.5 Million XRP Stolen Through Google Chrome Extension

Victims have lost an estimated 1.4 million XRP coins through scam Google Chrome extensions, recommended by impersonator accounts on YouTube.

The fake YouTube accounts had impersonated XRP officials, luring unsuspecting viewers into a fake XRP giveaway, involving the browser extensions.