Here’s what happened in crypto today
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, IREN shares got a boost after it mined more Bitcoin than MARA in July, Tornado Cash co-founder Roman Storm was found guilty of conspiring to run an unlicensed money business, and an unfortunate investor lost $3 million to a phishing scam.
Shares in IREN Ltd closed trading on Wednesday up 11.4% after the Bitcoin miner outperformed MARA Holdings in Bitcoin (BTC) production in July, mining 728 BTC to MARA’s 703 BTC.
IREN, formerly Iris Energy, beat out the sector’s top miner despite having a smaller deployed hashrate of 50 exahashes per second (EH/s) compared to MARA’s 58.9 EH/s. IREN’s average hashrate in July was 45.4 EH/s, signalling that most of its machines stayed online and productive throughout the month.
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