Foundry USA

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

January 18, 2023 Bitcoin.com

Barry Silbert

According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging

January 16, 2023 Bitcoin.com

All time high

Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin Network Braces for Notable Difficulty Increase in 3 Days

January 12, 2023 Bitcoin.com

All time high

Bitcoin’s mining difficulty, the measure of how difficult it is to find a new block and add it to the blockchain, is set to increase significantly on Jan. 15, 2023, according to current estimates. At the time of writing, Bitcoin’s mining difficulty appears to be on track for a 10% increase, rising from 34.09 trillion […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate

December 29, 2022 Bitcoin.com

2 pools

Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022 indicate that two mining pools command more than […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid

December 25, 2022 Bitcoin.com

70 EH/s

Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to 240 EH/s by 12:00 p.m. […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High

December 23, 2022 Bitcoin.com

Antpool

As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

December 6, 2022 Bitcoin.com

2016 Blocks

On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

November 23, 2022 Bitcoin.com

17 MW

Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around 17 megawatts (MW), and the company also has the […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’

November 21, 2022 Bitcoin.com

2016 Blocks

On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current 36.95 trillion. Bitcoin Difficulty Reaches All-Time High Nearing […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC

Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks

November 7, 2022 Bitcoin.com

0.20% decrease

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion. Bitcoin Miners Catch a Miniscule Break as the Network’s […]

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Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC