Last week, the hashrate of bitcoin fell by about 38% due to the massive disconnection of American miners from the network. On December 25, the capacity decreased to 170.6 hashes per second (Eh/s), this is evidenced by the data of the CoinWarz service.
A journalist from China, Colin Wu, spoke about the main news of cryptomining over the past week, in the period from December 19 to December 25, 2022. He noted: The US National Weather Service reported a snowstorm from the Midwest to the Northeast with a sharp cold snap, which led to negative temperatures in about 80% of the state.
According to the Hashrate Index, public mining companies collectively owe more than $4 billion. The largest debt is due to Core Scientific, Marathon and Greenridge Generation.
The lead developer of XRP Ledger and Xumm Wallet, Witse Wind, answered a question from his subscriber and revealed theoretical scenarios in which XRP can become a stablecoin. In the manner of Michael Saylor or Changpeng Zhao, Wind stated that 1 XRP is equal to 1 XRP.
The developer said that, theoretically, he can assume two scenarios, both of which are quite impossible in themselves. The first assumes that all centralized and decentralized crypto platforms will sell XRP only for a certain amount of fiat. Wind rejected this on the grounds that there are too many crypto platforms.
The material is not an investment recommendation and is published solely for informational purposes.
What happened? The co-founder of the Ethereum network Vitalik Buterin expressed support for the Solana(SOL) blockchain team. Referring to his own authoritative sources, he said that a "serious community of smart developers" has gathered around Solana, and the project has prospects for development, since "mercantile investors" are no longer related to it. "It's hard for me to judge from the outside, but I hope that the community will get a fair chance to flourish," Buterin added.
The whale on the Chiliz fan token market has set in motion 20 million CHZ belonging to it. Such large-scale movements can collapse the price of a token in a thin market
On the penultimate day of December, ForkLog magazine prepared a traditional calendar of important events for the next month.
COTI, a company engaged in corporate cryptocurrency solutions, which is also the developer and issuer of the Djed stablecoin on the Cardano network, has presented an important update of its project. It includes a new commission model that will come into force in mid-January 2023.
The Shiba Inu (SHIB) cryptocurrency meme continues to be one of the preferred investment tools of cryptocurrencies, as evidenced by the data of the WhaleStats large transaction tracker.
TRON is making new strides in chaotic market conditions, at least according to CoinMarketCap, TRON (TRX) has surpassed Polkadot (DOT) and Litecoin (LTC) by market capitalization.
Contrary to the opinions of some influencers, the Dogecoin team does not plan to transfer the blockchain to the Proof-of-Stake (PoS) consensus algorithm. This was stated by one of the leading developers Michi Lumin.
Most XRP holders expect the U.S. Securities and Exchange Commission to seek a settlement against Ripple, according to a Twitter poll conducted by John E. Deaton, a lawyer advocating for XRP.
Analysts of the Finbold service told whether the Dogecoin (DOGE) cryptocurrency is an interesting investment for 2023. They noted that numerous traders and investors were trying to assess what the next year will bring for the digital memcoin, which has gone through a difficult period in recent months.
The Shiba Inu community is waiting for the launch of a second-level scaling solution and is optimistic about the new year 2023, although the SHIB rate has sunk by 75+ this year%
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