The biggest news in the cryptoverse for Nov. 7 includes Bitcoin mining difficulty’s decrease by 0.19%, Binance’s decision to liquidate all its FTT holdings, and FTX CEO Sam Bankman-Fried’s assurance that the exchange is not going bankrupt.
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Bitcoin mining difficulty barely adjusts downward by 0.19% as miner pressure continues
Bitcoin’s (BTC) mining difficulty was adjusted on Nov. 7 and recorded a small 0.19% drop.
The most recent adjustment before this was on October 24, when the mining difficulty recorded a new all-time high, reaching 36.84 trillion. The 0.19% drop retreated it back to 36.76 trillion.
Fears of Terra Luna style collapse of FTX native token FTT as Binance liquidates its holdings
Binance’s CEO Changpeng Zhao (CZ) Tweeted on Nov. 6 and said that Binance would liquidate all FTX native tokens (FTT) it held because of “revelations that came to light.” Binance had over $500 million in FTT tokens at the time of CZ’s Tweet.
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