The Orb Tik Tock Next Block Cyber Hornets | Episode 84 Week 37

Hey everyone, let's dive into some interesting updates in the world of Bitcoin! First off, can you believe it? On November 10th, 2021, the BTC/USD price reached a peak of $69,000. That's impressive! However, as we all know, the markets can be quite volatile, and the price has since dropped to $26,700. But don't despair, because something else has been growing alongside the price drop. I'm talking about the total network hashrate, which on that very same day was around 165 EH/s. And guess what? It has now exploded to approximately 400 EH/s. That's quite a jump! It's fascinating to see how the demand to grab the remaining 1,507,106 BTC has never been higher. People are really enthusiastic about getting their hands on those Bitcoins. Moving on to some global news. Lugano, Switzerland is really making a name for itself in the world of Bitcoin. It's becoming the El Salvador of Europe, with more and more merchants adopting Bitcoin as a form of payment. That's pretty exciting stuff! It's great to see cryptocurrencies gaining more acceptance and usability in the real world. Did you catch this news? The Central Bank of Mexico is getting the Bitcoin treatment. Looks like they're exploring the possibilities of incorporating Bitcoin into their financial system. It's always interesting to see how different countries are embracing cryptocurrencies and recognizing their potential. Now, let's talk about Bitmain's expansion plans. They have some ambitious goals that could boost Core Scientific's hash rate by 4.1 exahashes. That's a significant increase! It just goes to show how the mining industry is evolving and becoming more competitive. It'll be fascinating to see how these plans play out once the judge gives their approval. And here's a fun tidbit for you all: the orb has been fixed! I'm not quite sure what orb they're referring to, but hey, we're all for positive news, right? Maybe it's some sort of inside joke in the Bitcoin community. If anyone knows more about it, feel free to enlighten us! Now, let's shift gears a bit and talk about the ongoing Mt. Gox reimbursement saga. It seems like this story just never ends. Mt. Gox was once one of the largest cryptocurrency exchanges, but unfortunately, it suffered a major hack and millions of Bitcoins were lost. The process of reimbursing the affected users has been a long and complicated one. It's a stark reminder of the importance of keeping control of your private keys. Remember, not your keys, not your Bitcoin. Alright, that wraps up our Bitcoin updates for today. It's always exciting to dive into the world of cryptocurrencies and see what's happening. Stay tuned for more news and updates. Until next time, happy Bitcoin-ing!