Bitcoin Mining Industry Is Booming as Difficulty Soars 14% to New High

Bitcoin Mining Industry Is Booming as Difficulty Soars 14% to New High

Mining difficulty on the Bitcoin network has taken its steepest upturn in almost a year, surging by over 14% to hit 9.06 trillion. Mining difficulty on the Bitcoin (BTC) network has taken its steepest upturn in almost a year, data from major Chinese mining pool BTC.com reveals.On July 9, difficulty surged by over 14% to hit 9.06 trillion (9.06 T), at an average hash rate of 64.85 EH/s — a new all-time-high in the…

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US Senate Committee Approves the Blockchain Promotion Act

US Senate Committee Approves the Blockchain Promotion Act

The United States Senate committee of commerce, science and transportation approved the Blockchain Promotion Act this week.
The United States Senate committee of commerce, science and transportation approved the Blockchain Promotion Act on Tuesday, tech news outlet CNET reports on July 11.
The bill, published by the outlet, moves the U.S. closer to a blockchain definition at the federal level and establishes a blockchain working group within the Department of Commerce. Members of the working…

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LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the US

LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the US

South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office. South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office (USPTO) on July 2, data published on the official office’s website shows.According to the filing documents, the trademark is for services concerning transaction and settlement services, mobile banking, “issuance of cyber money,” and “payment application software…

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