Crypto Pulse #27 - BTC mining difficulty reaches all-time-high. Tuesday, 11th Oct 2022 | Powered by GenShards.
11 Oct 2022, 14:18
Crypto Pulse #27 - BTC mining difficulty reaches all-time-high ⛏
Tuesday, 11th Oct 2022 | Powered by GenShards
🌎 Here's all you need to know about what's been up in the worlds of crypto, NFTs & metaverse over the past few days
👉 Read the issue | 🐧 Read the tweet thread |👇You can also find some highlights below
⛰Macro Landscape
📌 Bitcoin mining difficulty, or the complexity that miners must overcome to solve valid blocks, has soared by 13% to a new all-time-high (source)
📌 Due to the government's initiatives, the United Arab Emirates (UAE) has become one of the Web3 projects' fastest-growing locations (source)
📌 An opinion piece on why the US can be regarded as one of the most crypto friendly countries right now (source)
📈 Markets and Ecosystem
📌 As Bitcoin continues consolidating near the $20k level, many traders are shifting attention towards altcoins (source)
📌 Ex-Coinbase executives have raised $5.3 Million in seed funding to launch Scale3 Labs, a Web3 infrastructure company (source)
📌 Brazil police have busted a crypto group led by the ‘Bitcoin Sheikh’ which reportedly defrauded thousands of people (source)
🀄️ NFTs, Metaverse & Gaming
📌 The metaverse appears lonely with the top 2 platforms with valuations of $1 billion+ each, totalling less than 1000 daily active users (source)
📌 As per DappRadar's Q3 report, the NFT and GameFi sectors are showing optimistic trends (source)
📌 OpenSea CFO Brian Roberts leaves the firm less than a year after joining it, adding to the "crypto exodus" (source)
👉 Read the newsletter for the latest in the Web3 and NFT world (and for some of the choicest memes 😉). Subscribe to get it directly in your inbox !
👉 Next issue drops Friday - stay tuned ! 📺
🐧 Spread the word - retweet !