The Bitcoin (BTC) hash rate — the total computing power of the bitcoin network — reached new all-time highs this week, data from monitoring resource Blockchain.com confirmed on June 19. As the Bitcoin price set a new annual record above $9,000, hash rate, which can be taken as a measure of how much interest there is in mining bitcoin, shot higher than ever before. For Wednesday this week, the most recent day for which data is available, bitcoin’s hash rate had reached 65.19 trillion hashes per second (Th/s). The activity did not go unnoticed, with hash rate constantly gaining every day throughout this week. “Hashrate (more often than not) leads price,” Keiser Report host and major Bitcoin bull, Max Keiser, wrote on Twitterin related comments Thursday. “This is something not even (bitcoin’s) most ardent supporters understand. It’s the heart of the incentive scheme. It’s Satoshi’s ability to hack humans to create Gold 2.0.” The number comfortably beats the previous record of 60 Th/s set in late September 2018, and continues the metric’s upward trend. As Cointelegraph reported, the period after last September proved to be a retrograde…
Cryptocurrency exchange Binance said it is revamping security measures after losing some 7,000 bitcoin worth over $40 million in a hack earlier this week.
The U.S. Department of Energy is exploring blockchain technology as a line of defense against cyberattacks on power plants.