The Crypto Beat - July 3, 2021: DotWallet, BitBoss Partner to Grow iGaming Offerings in BSV Ecosystem

Written by :

Aaron Goldstein

Published on :

3 July, 2021

The Crypto Beat - July 3, 2021: DotWallet, BitBoss Partner to Grow iGaming Offerings in BSV Ecosystem

The latest episode of “Hashing it Out” features DotWallet Founder Lin Zheming and BitBoss CTO Alex Shore, two professionals who have partnered up to grow iGaming offerings within the BSV ecosystem.

Bitcoin Mining

Bitcoin mining just got way easier and lots more profitable

More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May. A Saturday morning (July 3, 2021) re-calibration has made it 28% less difficult to mine.

Way more cash is going to the Bitcoin miners who remain online as a result.

“This will be a revenue party for miners,” said bitcoin mining engineer Brandon Arvanaghi.

“They suddenly own a meaningfully larger piece of the pie, meaning they earn more bitcoin every day.”

This is actually the largest drop in difficulty to mine in Bitcoin's history. Source: CNBC

Tron Blockchain

USDC on Tron Blockchain Surpasses $100M 2 Days After Public Unveiling

USD coin (USDC) on the Tron blockchain has surpassed 108 million in less than a month in a sign that crypto traders could be turning to blockchains that provide cheaper transaction fees with faster speed than what is found on Ethereum.

The achievement came just a day after Circle, the crypto-native financial service firm behind the dollar-pegged stablecoin, said it added support for USDC on Tron.

A stablecoin, USDC is pegged 1-to-1 to the U.S. dollar, with each token redeemable for an equal number of greenbacks. Source: CoinDesk