Russia looks to crypto to avoid sanctions and moves to legalize cryptocurrency mining later this year. In a strategic move to mitigate the impact of international sanctions on its economy, Russia is set to embrace cryptocurrency as a new method to facilitate transactions despite the ongoing conflict in Ukraine. According to a Bloomberg interview with…
Bitcoin’s future looks uncertain and has been in a downtrend since the beginning of June, unable to gain upward momentum despite positive ETF inflows. On July 3, Bitcoin’s price fell briefly below the crucial $60,000 psychological mark on fears that Mt. Gox is about to release $9 billion worth of BTC. U.S. Sport Bitcoin ETFs…
The winds of change are blowing through the crypto mining industry. The highly anticipated halving event in April 2024, which sliced block rewards in half, has sent shockwaves through the ecosystem. Daily revenue for miners has plummeted by over 70% since the halving, forcing them to scramble for new avenues to secure their bottom line.…
Updated March 22nd 2024. If the volatility of investing in cryptocurrencies is too much for you but you still want to benefit from the new economy, setting up a small cryptocurrency mining operation at home may be the right choice for you. Although the quoted returns are high, we warn against ‘cloud mining’, as every…
The winds of change are blowing through the Bitcoin landscape. On March 14th, 2024, the network witnessed a monumental shift – mining difficulty skyrocketed to a record-breaking 84 trillion hashes. This unprecedented challenge coincides with another significant event on the horizon: the Bitcoin halving slated for April. According to BTC.com, the rate has risen by…
Bitcoin mining has been up by a considerable fraction this year, as the blockchain network recorded a new all-time high in hash rate in the second quarter of the year. Mining revenue is also up, as the bitcoin Bitcoin recorded a spike in transaction volume. As a result, Riot Blockchain, one of the largest publicly…
After a year-long winter accompanied by massive losses in the mining sector, the recent Bitcoin recovery is a relief to miners. Moreover, the Bitcoin price rally has rubbed off on crypto mining stocks as they witness the highest performance in the past year. In the 2022 bear market, public crypto miners recorded up to $4…
Following the ongoing rally in the crypto market, the stocks of the top five leading Bitcoin mining companies have surged in value, amassing solid gains. Major crypto stocks are also rising and have recorded massive gains in recent weeks. Though investors are still skeptical if this is genuinely the real bull run they have been…
Litecoin (LTC) was among the few bright spots for the crypto market which had to endure the negative effects of the collapse of the FTX exchange platform. In the midst of one of the worst implosions that the space has ever witnessed, LTC momentarily became vulnerable, plummeting all the way down to $49.58. But the…
Bitcoin and the entire crypto market bleed due to many challenges that have befallen the industry. From the Terra crash and continuous interest rate hikes to FTX implosion, the market hasn’t enjoyed a whole month of positive price trend. As the investors cry about the loss of investment funds, the miners of Bitcoin struggle to…