Bitcoin hash rate continues to rise, but DeFi is under threat: Report

Bitcoin hash rate continues to rise, but DeFi is under threat: Report


New hardware is revolutionizing the mining industry, while other crypto sectors continue to falter.

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The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to decouple from the broader environment and showed positive signs in February, but the rest of the market remains cautious.

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For those serious about understanding the crypto space’s various sectors, Cointelegraph Research publishes a monthly Investors Insights report that dives into venture capital,

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