Bitcoin (BTC) mining difficulty reached an all-time high of 53.91 trillion units after the latest difficulty adjustment on July 12. It is a measure of how difficult it is to mine Bitcoin blocks. The blockchain adjusts its difficulty every two weeks to maintain its processing time of 10 minutes. When the network’s processing power increases,
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North Carolina Treasurer Dale Folwell praised the General Assembly’s override of Gov. Roy Cooper’s veto of legislation on environmental social and governance issues. Late last month, the General Assembly overrode the governor’s veto of House Bill 750, which removed political and social considerations from state pension plan investment decisions. “I think the citizens of this
The head of the CBI attended an event chaired by a UK minister on Tuesday in her first known high-level government engagement since the business lobby group was boycotted over a misconduct scandal in April. Rain Newton-Smith, director-general since April, was among invitees at a “roundtable” meeting on Tuesday morning between City minister Andrew Griffith
At Nato’s summit this week, allies were careful to stress their staunch support for Ukraine in the face of Russia’s invasion, and for its leader Volodymyr Zelenskyy. But after Zelenskyy blasted Nato for its “absurd” lack of a clear timeline for Ukraine’s entry, tensions began spilling into the open. Referring to Kyiv’s long military wish
US inflation dropped to 3 per cent in June, lower than expected, in the latest sign that the Federal Reserve’s interest rate rises are having an effect on price pressures. The annual increase in the consumer price index slowed from 4 per cent in May to 3 per cent, the slowest rate of inflation since
The boss of Channel 4 has said the broadcaster’s management would have been quickly notified about the sort of complaint made to the BBC over the behaviour of its suspended presenter, describing it as a “very difficult situation” for the national broadcaster. BBC bosses have been criticised this week for their handling of allegations that
Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis. The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more revenue than the first six months of 2022. On
Rising costs, particularly for wages, are pressuring K-12 school districts, colleges and universities, possibly leading to strained budgets, credit negative responses and labor strife, according to Moody’s Investors Service. While inflation growth has slowed, its effects linger. The consumer price index was up 3% from June 2022 to June 2023, marking the smallest 12-month increase
Wall Street stocks and US government debt rallied on Wednesday while the dollar tumbled after inflation fell more than expected in June, easing pressure on the Federal Reserve to keep raising interest rates. Wall Street’s benchmark S&P 500 stock index rose 1 per cent to its highest level since April 2022, while the tech-heavy Nasdaq
Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using blockchain addresses. XMTP is also used by decentralized social media
In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Standard Chartered bank’s $120,000 Bitcoin price expectation based on the halving impact. According to the report, increased miner profitability due to a pre-halving rally would “reduce the net BTC supply.” Pechman, on the other hand, doesn’t acknowledge the thesis, given
The new co-chief executive of Thames Water has defended her record when running industry regulator Ofwat, telling MPs she would not “apologise” for a period during which the company’s previous owners extracted hefty dividends. Cathryn Ross headed Ofwat between 2013 and 2017, a tenure that overlapped with Australian investment group Macquarie’s ownership of the troubled
G7 countries have agreed a joint framework for providing long-term security pledges to Ukraine, a symbolic commitment that President Volodymyr Zelenskyy said would help his country on its journey to becoming a Nato member. But the promises to sustain existing financial and military support to Kyiv, drawn up as a signal to Moscow that western
In this article STLAM-IT HLLY SPWR ROKU Follow your favorite stocksCREATE FREE ACCOUNT Packages of Beyond Meat Inc.’s plant-based products, Beyond Burger and Beyond Sausage, are displayed at a supermarket in Katwijk, Netherlands, November 19, 2020. Yuriko Nakao | Getty Images Check out the companies making headlines in premarket trading. Roku — The streaming provider
The much-anticipated Quantum Leap upgrade by layer-2 scaling protocol Starknet was recently deployed on the Ethereum mainnet, allowing for as much as 90 transactions per second (TPS), boosting the network’s speed. MOARRR TPS DADDY STARKNET MAINNET QUANTUM LEAP 0.12.0 LIVE ON MAINNET pic.twitter.com/RaI1XKcgy7 — Starknet (@Starknet) July 12, 2023 According to Uri Kolodny, the co-founder
The South Korean government is continuing to develop tighter regulations targeting the cryptocurrency industry with the introduction of new asset disclosure rules. On July 11, South Korea’s Financial Services Commission (FSC) announced a new bill that will require all firms that issue or hold cryptocurrencies like Bitcoin (BTC) to disclose their holdings. According to the
Do Conservatives still believe in capitalism? Or to put it less starkly, do they still have faith in their economic model? For decades, Tories were unified behind Thatcherite economics that preached free markets, private enterprise, lower taxes, fiscal prudence, deregulation and globalisation. Free trade was an unquestioned good. Oligarch money was welcome in London, China
It was often said that when Bill Clinton walked into a room, each person thought he noticed them in particular. Clinton was the ultimate retail politician: he liked people and they knew it. When Ron DeSantis shows up, even those who want to support him feel that he harbours a special dislike for them. Being
The Bank of England’s latest financial stability report landed today, with the main conclusion that UK lenders are in decent shape. But there was a fascinating, more unnerving nugget buried in the report. The UK central bank reckons that one of the bigger vulnerabilities of the global financial system is a US hedge fund trade
Andrew Bailey has called on UK banks to pass on higher interest rates to savers, as the Bank of England concluded that the country’s top eight lenders are sufficiently resilient to withstand a severe economic downturn. Speaking after the latest stress tests on banks’ capacity to weather potential catastrophes, the BoE governor said lenders were
Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away. BTC/USD 1-hour chart. Source: TradingView CPI set to hit lowest since March 2021 Data from Cointelegraph Markets Pro and TradingView followed BTC price momentum as it slowly inched closer to $31,000. The largest cryptocurrency showed little volatility