Throughout the previous 30 days, the average Bitcoin hashrate has been 305 exahashes per second (EH/s), and the upcoming difficulty change is anticipated to grow by more than 3%. There are still more over 60,000 blocks to be mined before the subsequent halving, and Foundry USA has found 1,514 of them. As hashrate rises amid market uncertainty, bitcoin miners prepare for another anticipated difficulty increase. At 17.88% of the world’s monthly hashrate, Antpool is the second-largest mining pool. Although the Ordinal inscription trend is increasing the fees that miners receive, some mining operations may choose not to participate due to the higher cost of production and the persistent difficulty increase. News Sorce

The Securities and Exchange Commission (SEC) of the United States does not govern a sector in a “healthy way” and may make the United States less appealing to crypto companies as a location. Brad Garlinghouse, CEO of Ripple, thinks that crypto frameworks should begin with “clear protections for consumers” and that the SEC’s action against Ripple should be resolved this year. News Sorce

Because of the bear market and ambiguous laws, Visa and Mastercard’s embrace of cryptocurrencies may have run into trouble. Crypto cycles are not for the faint of heart. Cuy Sheffield, who is in charge of Visa’s cryptocurrency section, reassured the market that Visa is dedicated to achieving its goals in the space. With the private beta launch of Bluesky, a purportedly decentralized Twitter alternative, and Goldman Sachs’ apparent need for more experts in digital assets, Jack Dorsey is embracing decentralized social networks. The CEO of Coinbase, Brian Armstrong, reaffirmed that their staking products do not qualify as securities and should not be subject to the Securities and Exchange Commission’s enforcement action. Goldman Sachs is currently accepting applications for crypto-related positions. Crypto exchange Kraken has already received a written warning from the SEC for providing staking services. Crypto exchange Kraken has already received a written warning from the SEC for providing staking services. News Sorce

Because to the Silvergate bank-based sell-off, Dogecoin (DOGE) and Shiba Inu (SHIB) both decreased to multi-month lows on Friday. SHIB/USD dropped to a six-week low of $0.00001104, while Dogecoin momentarily broke through a floor at $0.0755. The relative strength index (RSI) for 14 days also declined below its own resistance. The RSI has dropped to a two-month low as a result of SHIB’s 14% seven-day decline. News Sorce

Major digital assets fell in the early hours of the Hong Kong business day as major crypto firms distanced themselves from Silvergate. Due to connectivity issues at Coinbase, Bitcoin’s price fell to an intraday low of $22,020. Ether followed a similar pattern, falling to $1,550 after hovering around $1,650 for the previous day with little movement. Bitcoin’s market cap has dropped by more than $20 billion to $431.9 billion, and open interest has dropped by 8.8% in the last four hours. News Sorce

On March 3, the price of Bitcoin plummeted, erasing $22 billion from its market capitalization. According to Markus Thielen, head of research at digital asset platform Matrixport, the price drop is related to the recent Silvergate Bank controversy and an increased effort by US regulators to restrict ties between banks and crypto firms. Technical analysts predict a drop from the $23,000 resistance level. BTC was last priced at $22,250 on February 15. News Sorce

According to a report released on February 28 by the Bank for International Settlements (BIS), only 20% of banks have exposure to crypto assets, with the majority of them located in the Western Hemisphere. 17 Group 1 banks reported prudential exposure to crypto assets and 1 billion euros in crypto assets under custody. The BIS has instituted standards limiting banks to 2% crypto reserves by 2025, and crypto-asset holdings represented a tiny fraction of the banks’ holdings. A single, unnamed bank was responsible for 61.7% of all crypto asset prudential exposure. News Sorce

In order to harmonize local laws with proposed European Union (EU) standards, the French National Assembly has passed a bill requiring stricter licensing rules for new cryptocurrency firms. The bill requires cryptocurrency service providers based in France to follow stricter anti-money laundering rules, demonstrate that customer funds are segregated, follow new guidelines for reporting to regulators, and provide more detailed risk and conflict of interest disclosures. Binance is among the Top 100 crypto heroes and villains, having recently begun testing in-store payments in France. News Sorce