Bitcoin mining difficulty continues to hit a record high | Binance Morning Report (January 30)

Community News:

1. Bitcoin mining difficulty increased by 4.68% to 39.35 T, setting a new record high

According to BTC.com data, the difficulty of Bitcoin mining was adjusted on January 29, increasing by 4.68% to 39.35T.

Industry News:

1. Binance will release multiple products around proof of reserves and proof of solvency in the future

Binance's official blog published a summary of "Recap: Product AMA with CZ and Mayur", and Binance's next big product aims to solve trust and transparency issues. Multiple products will be released around Binance's proof of reserves and proof of solvency to provide greater transparency and a publicly released roadmap.

Policies and Regulations:

1. Panama’s Supreme Court to rule on cryptocurrency bill, which the president partially vetoed

Panamanian President Laurentino Cortizo recently sent the cryptocurrency legislation passed last year to the Supreme Court for review, saying that the bill violated the core principles of the constitution and was unenforceable. The Supreme Court must now decide whether to declare the legislation unenforceable or approve it after modification. (Cointelegraph)

2. Central banks of Ghana and Nigeria open regulatory sandbox applications

The Central Bank of Ghana has called on registered financial institutions and unlicensed fintech startups to apply to join its regulatory sandbox. The bank said in a recent press statement that the process of accepting the first batch of participants will begin on February 13 and end on March 14. In addition, the Central Bank of Nigeria also recently stated that its regulatory sandbox is now online. (Bitcoin.com)

3. South Korea’s Ministry of Justice plans to introduce a “cryptocurrency tracking system” in the first half of this year

Recently, the South Korean Ministry of Justice passed the "2023 Government Business Report" and announced that it will introduce a "cryptocurrency tracking system" in the first half of this year to strengthen the tracking of money laundering and recovery of criminal proceeds using cryptocurrencies. (KH Games)