Bitcoin mining difficulty has decreased by 11.6%, marking the sharpest decline since China's 2021 crypto ban. This adjustment reflects changes in the network's computational power and is expected to rise by 5.63% in the next adjustment on February 20. The fluctuation in mining difficulty is a key indicator of the network's health and miner activity.
In other news, Vietnam is set to introduce a new tax framework for cryptocurrencies, treating them similarly to stocks. The draft includes a 0.1% trading levy and a 20% corporate income tax on institutional crypto earnings. This move aims to regulate the growing crypto market in the country.
Additionally, Ethereum co-founder Vitalik Buterin has sold 2,961.5 ETH, valued at $6.6 million, over three days. The sales were conducted through small CoW Protocol swaps to minimize market impact, following his prior announcement of planned withdrawals.
Bitcoin Mining Difficulty Sees Largest Drop Since 2021
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