In June 2021, Bitcoin’s global hash rate dropped to as low as 84 exahashes per second (EH/s) due to the China government’s crackdown on all crypto related activities. Since then, it has increased by 108%, with the Bitcoin network performing at a rolling seven-day average of 175 EH/s as of Wednesday 8 December 2021. This is just shy of the all-time high level of 180 EH/s in May 2021. This could indicate a forthcoming positive price action despite the bearish market sentiments at present.
In recent years, Puerto Rico has been plagued with corruption allegations and scandals up to the point where their legislature has begun to hold meetings with members of the blockchain industry on how to create “smart contracts” that would help bring more credibility and transparency to the public sector. There is also a broader plan to make this U.S. island territory a hub for crypto and blockchain innovation. This is yet another example of a blockchain use case in the hopes of paving a brighter future.
Google released its annual list of top searches for the year 2021 earlier this week. “Dogecoin” and “Ethereum Price” made the list as #4 and #10 respectively in Google Trends’ “Year in Search 2021”. Cryptocurrencies were listed among the top searched news items among topics like COVID-19 vaccine and AMC stock, a significant change from 2020 where not a single cryptocurrency was featured on the list.
Bitcoin, Dogecoin and Ether lead the list as the most popular cryptocurrencies Americans plan to gift during the holiday season,
As always, avoid leverage and stay safe.
Bitcoin hash rate returns to all-time high levels
The world hash rate of the Bitcoin community has returned to all-time high (ATH) levels simply six months after it noticed a serious crash in the course of the aftermath of the Chinese authorities’ mining ban.
The world hash rate of the Bitcoin community tanked as little as 84 EH/s initially of June following the Chinese authorities’ crackdown on the crypto mining sector.
Puerto Rico Lawmakers Want to Use Blockchain to Cut Corruption
As Puerto Rico has been beset by corruption allegations, the island’s legislature will begin holding meetings on how to use the blockchain technology that underpins cryptocurrencies such as Bitcoin to reduce government graft.
Puerto Rico House Speaker Rafael “Tatito” Hernandez said he will begin meeting with members of the island’s growing blockchain industry this month about creating “smart contracts,” on embedded computer programs in the protocols, that might bring more transparency and accountability to the public sector.
Dogecoin and Ether rank in top 10 news searches on Google in 2021
Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s most searched terms in 2021 on Google
On Tuesday, Google released its traditional annual list of the top searches for the year, breaking them down into several categories, including searches, news, people, games, movies and others.
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