Today’s top news in the Crypto Roundup: Bitcoin hash rate reaches all-time high, Tether Treasury prints 100 million tethers (USDT) and Bitcoin mining giant Bitmain sues former staff for $4.3 million.

At the time of writing,  bitcoin (BTC) is trading at $9,153.97 (-1.7%) with a 24h volume of $3.59.bn and ether (ETH) is trading at $269.51 (-2.75%) with a 24h volume of $1.71bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,334.52 (+0.49%).

Bitcoin Hash Rate Hits All-Time High

The Bitcoin hash rate has hit a new record - topping over 62 quintillion hashes per second on Friday last week, according to data from Blockchain.com. The previous high for the Bitcoin network was seen last year on August 27, 2018. The record comes during a period of high activity on the Bitcoin network - as the number of active Bitcoin addresses recently surpassed one million for the first time since November 2017.

Tether Treasury Prints $100 Million

Tether, the company behind the stablecoin of the same name, has printed 100 million more USDT. The Tether Treasury, responsible for managing the supply of USDT, released the coins yesterday (Jun 16) at 13:21 UTC.

Despite an ongoing legal battle between Tether and Bitfinex and the office of the New York Attorney General over allegations from the AG over an  “ongoing fraud being carried out by Bitfinex and Tether,” Tether has seen no let-up in demand and is still dominating the stablecoin market in terms of volume.

Bitcoin Mining Giant Bitmain Sues Former Staff

Bitmain Technologies, one of the largest companies in the cryptocurrency mining sector, is reportedly “locked in a legal battle with three former employees who started a rival mining pool.”

The mining pool in question is Poolin, a new competitor to the Bitmain subsidiary - BTC.com - the world’s largest bitcoin mining pool by hash rate. Bitmain is seeking $4.3 million worth of damages from one of the Poolin co-founders, whom

State of the Crypto by Top Tier Exchange Volume

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