Bitcoin mining difficulty has hit a fresh all-time high, rising 3.6% on Wednesday to reach 92.67 trillion. This follows record seven-day moving average hash rate levels over the weekend.

The higher the mining difficulty, the more computational power and energy a miner needs to find the right hash for the next block. The difficulty automatically adjusts every 2016 blocks, or roughly two weeks, to ensure a new block is found every 10 minutes.

In other news, TRON, Tether, and TRM Labs have established the first-ever private sector financial crime unit to combat cryptocurrency-related crime. Meanwhile, Solana Foundation's former VP of marketing has been hired by ZKSync developer Matter Labs.

Marinade, a DeFi platform, has also hired the founding president of Fidelity Digital Asset Services as its new chief commercial officer.

Source: https://www.theblock.co/post/315870/bitcoin-mining-difficulty-all-time-high-record-hash-rate

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