Here’s what happened in crypto today

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, Bitcoin mining difficulty drops by over 11%, and the US has granted a national bank charter to crypto startup Erebor Bank. Meanwhile, China issued a ban on unapproved stablecoins and tokenized real-world assets.

The Bitcoin network mining difficulty, the relative challenge of proposing new blocks for inclusion in the Bitcoin blockchain, fell by over 11.1% over the last 24 hours, marking the sharpest drop in a single adjustment period since China’s 2021 mining ban.

The Bitcoin network mining difficulty is at 125.86 T, according to data from CoinWarz, which also shows the average block time has fallen from over 11 minutes to about 9.47 minutes. 

Read more