);)
Bitcoin (BTC) network mining difficulty soared to an all-time high of 134.7 trillion on the 7th. While intensifying competition has strengthened the dominance of large mining companies, some small miners have also successfully mined blocks solo in July and August, securing rewards exceeding $340,000 (KRW 472.43 million).
2. El Salvador's Fourth Anniversary of Bitcoin Adoption: Mixed Results
El Salvador celebrated the fourth anniversary of Bitcoin (BTC) adoption as legal tender on the 8th, announcing its holdings of 6,313 BTC (worth $702 million, or 975.43 billion won) and educational achievements. However, controversy continues over the trial's success, as the country halted additional purchases and scaled back public sector use following a $1.4 billion loan agreement with the IMF in January.
3. Tether denies Bitcoin sales rumors, but continues to invest in Bitcoin, gold, and land.
Paolo Ardoino, CEO of Tether, denied allegations of Bitcoin sales on the 7th, stating that the company still distributes its profits between Bitcoin (BTC), gold, and land. Tether holds 100,521 Bitcoin (worth $11.17 billion, or 15.52 trillion won) and has recently transferred $3.9 billion worth of Bitcoin to a separate initiative called Initiative XXI (Twenty One).
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
