✅ Bitcoin Approached $25,000
This week the rally of the first cryptocurrency continued. On Wednesday, January 25, the quotes came close to $25,000, but later the digital gold rolled back. By the end of the week, Bitcoin rose by 3.5% and is trading at $23,500.
As for Ethereum, it showed an unusual divergence from BTC and went down into the red zone. Overall, the decline for the week is 1.7%, and the asset itself is trading at $1600.
Overall, assets from the top 10 continue to remain in the green zone.
Actual quotes as of the morning of 30/01:
📊 BTC/USDT
📊 ETC/USDT
📊 XRP/USDT
✅ Tesla's BTC Stocks Remained Stable
Automobile manufacturer Tesla, one of the largest holders of Bitcoins, published its Q4 2022 report. According to it, assets in the first cryptocurrency remained unchanged at 9,720 BTC.
At the same time, there were no transactions with BTC during the reporting period.
✅ Cardano Officially Announced the Launch of Its Stablecoin
The Cardano project has announced the timeline for the launch of the Djed stablecoin. It will happen this week, as COTI Network announced on Twitter.
Meanwhile, the Bitrue exchange in Singapore said it was ready to list the new asset.
✅ GGC International Sued Roger Wehr
GGC International, linked to Genesis Global Capital, has accused the Executive Chairman of Bitcoin com Roger Wehr of failing to pay $20.86 million in outstanding cryptocurrency options transactions.
Roger Wehr reported $21 million and attributed the decision to his desire to obtain "solvency guarantees" for Genesis, which was one of the deal's conditions.
✅ Bitcoin Mining Complexity Has Once Again Hit an All-time High
As a result of another recalculation, the complexity of mining crypto gold increased by 4.68%. The indicator updated the historical maximum at 39.35 T.
According to Glassnode, the network's smoothed 7-day moving average hash rate is at about 291 EH/s.
✅ A Solo Miner With a 10 Th/S Hash Rate Mined a Block of Bitcoin
On January 20, a solo miner with a hardware hashrate of only 10 TH/s included block #772 793 in the bitcoin blockchain. It was announced by CKPool administrator Con Kolivas.
According to the administrator, with the current BTC complexity, a miner with this kind of equipment capacity should find a solo block about once every 500 years.
According to Glassnode, the network's processing power was 273.2 EH/s (smoothed by a seven-day moving average). The miner's share of the figure is 0.000000036%.
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