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Ethereum Hashrate Slides As Falling Price, Rising Energy Costs Trouble Miners

Rising energy costs, crypto market decline, and Ethereum's upcoming shift to POS delivers a triple whammy for miners.

Ethereum’s hashrate, a computational notation used to measure the security of the network based on mining activity, recorded an accelerated decline from April.

This processing power suffered more than a 10% plunge as the value of mining proceeds plummeted due to ETH’s price which has been in freefall lately. On a year-to-date chart, miners’ activity slopes to about 900 TH/s after peaking above 1,000 TH/s this June.

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Indian investors likely lost Rs 1,000 cr to fake crypto exchanges: Report @ShillongTimesIn https://theshillongtimes.com/2....022/06/21/indian-inv

Indian investors likely lost Rs 1,000 cr to fake crypto exchanges: Report - The Shillong Times
theshillongtimes.com

Indian investors likely lost Rs 1,000 cr to fake crypto exchanges: Report - The Shillong Times

New Delhi, June 21:  Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company CloudSEK said it has uncovered
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https://www.financemagnates.co....m/cryptocurrency/new

Circle to Launch Euro-Pegged Stablecoin
www.financemagnates.com

Circle to Launch Euro-Pegged Stablecoin

Circle announced on Thursday that it is preparing to issue a fully-reserved, euro-pegged stablecoin from the United States, dubbed Euro Coin.
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Analyst Michaël van de Poppe Unveils Altcoin Picks, Says He’s Bullish on Ethereum and Three ETH Rivals

https://dailyhodl.com/2022/06/....19/analyst-michael-v

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