Blockchain Bites: It’s Never Been Harder to Mine Bitcoin

Bitcoin’s mining difficulty is at a record high, Singapore’s central bank digital currency could find commercial use and Chinese firms are going in on Filecoin. “The Filecoin craze in China may be largely related to the long-standing popularity of crypto mining in the country in general, which is home to around 65% of the computing power on Bitcoin by estimation,” CoinDesk’s Wolfie Zhao writes.

Quick bites Bitcoin Gold developers foiled a 51% attack  Fidelity holds over 10% stake in bitcoin mining firm Hut 8 (The Block) A Ripple founder is building a surveillance network in San Francisco (Decrypt) Making links Chainlink is surging today, as it has for the past several days, weeks and months. “As such, one could argue that bitcoin ownership is being transferred from relatively few whales to a large number of smaller investors,” CoinDesk’s Omkar Godbole Hügli, chief research officer at Schlossberg Co., sees stablecoins, or crypto dollars appended to a blockchain, as succeeding where the eurodollar has failed.

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