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Will September be more difficult for Bitcoin miners and world coin faces scrutiny in Singapore. You’re watching Coin desk daily, I’m your host, Jen Sani Bitcoin. Mining was notably less profitable in August than July. According to a report from Investment bank, Jeffrey, this comes after the average Bitcoin price fell over 4% and the average network cash rate rose about 2.7% in the past month. The report noted that miners average daily revenue per ex has fell by 11.8% from the month. Previous as a result, Jeffrey said September could be another difficult month for the miners as Bitcoin remains below $60,000 and the network hash rate continues to advance which countries are the leaders in crypto adoption. According to an annual report from cha analysis, India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption. But Indonesia is the fastest growing since 2023 Indonesia jumped four places to third as one of the fastest growing crypto markets within the Central and Southern Asia and Oceania region. Indonesia has the highest year over year growth at nearly 200% and the highest Cryptocurrency value received at approximately 100 and $57.1 billion. The US maintained its fourth position from 2023 and Singapore is investigating seven subjects for offering services of buying or selling of world coin accounts and tokens. That’s according to a written reply in parliament by the government. While world coin does not perform a payment service under Singapore regulations. The chairman of the Monetary Authority of Singapore said that people buying or selling world coin accounts and tokens may be acting illegally by providing a payment service as unlicensed individuals created by open A I founder, Sam Altman, the retina scanning crypto start up has already faced regulatory scrutiny in Colombia, Hong Kong, Argentina and Kenya. That’s it for coin desk daily, get more updates on coindesk.com and we’ll see you next time.