Episode Details

25th April: Crypto & Coffee at 8
👀Hedera Hashgraph- Fakenews 🚀Bitcoin Mining difficulty❗ Jack Dorsey’s #BTC mining system💡 SEC gets sued

🟢 Hedera’s HBAR token experienced a remarkable 113% surge in value following news of BlackRock’s fund being tokenized on the platform. However, as additional information surfaced and BlackRock disavowed any direct participation, the token’s price swiftly declined. Archax, a digital asset exchange, broadened its selection of tokenized fund shares to encompass BlackRock’s ICS U.S. Treasury money market fund, despite BlackRock’s clarification that it was not directly engaged in the tokenization process.

❗ The tweet that started the #fakenews / confusion is here https://lnkd.in/dsc7krBg A BlackRock spokesperson told Decrypt via email.“We have not worked with Hedera,” The clarified “Archax distributes our product through tokenization and [is] using Hedera.”

🔴 Following Bitcoin’s fourth halving, the network recently underwent its initial difficulty adjustment, marking a 1.99% uptick and propelling mining difficulty to an all-time peak. The difficulty level soared from 86.39 trillion to a fresh milestone of 88.10 trillion. At block 840,672, 672 blocks subsequent to the fourth halving at block 840,000, the difficulty surged by 1.99%. The next adjustment in difficulty is projected to occur around May 8, 2024. Initially, the hash price surged to $182 per petahash per second (PH/s) per day, but subsequently dwindled to $74 per PH/s just two days prior. More info via Bitcoin.com here https://lnkd.in/dTq_k_2i

- Will it be sustainable for miners?
- How much does it cost to mine a single Bitcoin?

👀 Censorship King’s BTC mining system with a 3nm chip headed to the foundry
❗ Block, is building its own Bitcoin (BTC) mining system. They plan to leverage their product and software development expertise, system engineering competency, supply chain experience, and aftermarket support capability, having shipped tens of millions of devices. Their intention is to utilize this extensive experience to introduce a compelling and differentiated mining solution to the market. Info here https://lnkd.in/djAH-JaQ

🔴 The Blockchain Association and a Texas crypto group are suing the SEC over its “Dealer Rule” expansion, claiming it stifles innovation in the digital asset industry. They argue the SEC’s broad interpretation of “dealer” creates burdensome regulations for crypto businesses. The lawsuit alleges violations of the Administrative Procedure Act and seeks to overturn the rule. Info here https://lnkd.in/dGDYYVHq CFAT members include Coinbase, a16z crypto,