Global #Bitcoin network

A new report from crypto analytics firm Alphractal has revealed a surprising resilience within the Bitcoin mining sector.

Stacks, a prominent layer-2 blockchain project built on top of Bitcoin, announced the successful activation of its Nakamoto upgrade on Tuesday.

Recent on-chain data reveals a significant rebound in Bitcoin's mining hashrate, suggesting that miners are expanding their operations despite recent market volatility.

Recent data from IntoTheBlock reveals a promising trend for Bitcoin as the cryptocurrency network experiences a notable increase in daily new addresses. This uptick marks a significant reversal from earlier in the year when adoption levels had dipped to multi-year lows.

Recent data reveals a surprising trend in the Bitcoin mining landscape: Chinese mining pools continue to control over 50% of the Bitcoin hashrate, despite China's ban on cryptocurrency mining in 2021.

The Bitcoin mining industry is facing a double whammy: a declining hashrate and a persistently bearish market. The hashrate, a measure of the processing power dedicated to securing the Bitcoin network, has plunged to its lowest level since early March, according to on-chain data.