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Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760 ,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84 trillion. Bitcoin’s Mining Difficulty Adjusts Upwards by 3.44%, Now at 36.84 Trillion This weekend, Bitcoin’s (BTC) mining difficulty jumped 3.44% higher than the height miners dealt with during the past two weeks or the last 2,016 blocks. The network’s difficulty has reached a lifetime high at 36.84 trillion, following the 3.44% shift on Sunday evening (ET). Bitcoin Difficulty charts and block heights via btc.com/stats/diff The rise on Sunday follows the 13.55% increase Bitcoin’s difficulty recorded on October 10, 2022, at block height 758,016. The 13.55% increase was 2022’s largest Bitcoin difficulty rise, and it took place as BTC’s total ha...

Bitcoin is trading bearish during the European session after being rejected below a major resistance level of $19,250. Following the bearish breakout of the symmetrical triangle, Bitcoin continues to trade with a bearish bias . Whereas a slew of fundamentals weigh on BTC demand, can we expect the BTC/USD pair to rebound? Let's find out. Global Recession May Last Until 2024 Halving - Elon Musk In a tweet he posted on October 21, Tesla CEO Elon Musk stated his opinion that the global recession wouldn't end until the spring of 2024 in a tweet he posted on October 21. A technical slowdown was declared for the United States once the GDP report for the third quarter came in, and the extent to which things could worsen remains a matter of some contention.  Musk has long predicted that the United States economy would experience a recession, but he now believes that a worldwide downturn is more likely than ever.  When asked on Twitter how long he thou...

1. Binance Pool recently unveiled a $500-million project to support BTC mining and infrastructure providers. Eligible borrowers will be required to agree to terms & conditions, including but not limited to: an 18 to 24-month term，interest rates ranging from 5% to 10%，and offering security, either physical or digital assets, satisfactory to Binance. In addition to serving borrowers, Binance Pool is looking for cloud mining vendors. Read more 2. According to BTC.com, Bitcoin saw a mining difficulty adjustment at block height 758,016, with a significant 13.55% increase in mining difficulty to 35.61 T, a new all-time high. The current network-wide average hashrate is 254.80 EH/s. One explanation is that as Ether exits POW, relatively cheap power is being used for BTC mining, leading to more miners being used. 3. Bitmain will host the WDMS Global 2022 Summit in Cancun, Mexico from November 8-10, 2022, having previously been held in Dubai and Frankfurt. It's official: The Latin Ame...