They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Bitcoin tops $123K as mining difficulty reaches a record 126T, squeezing profits for miners. Meanwhile, Bitcoin Hyper emerges as a promising Layer 2 project riding the wave of Bitcoin’s growth. Bitcoin smashed through its previous all-time-high at $118K to briefly hit $123K yesterday. It has since fallen back slightly, now hovering around $117K. But even…
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 crypto cloud mining offer…
Bitcoin miners are experiencing a significant surge, with their collective market capitalization nearing $40 billion. This growth is propelled by Bitcoin's escalating price, which recently approached $100,000, and a consistent rise in mining difficulty, now set for its fifth consecutive increase. The combined market cap of publicly traded Bitcoin mining companies has reached approximately $39.09…
Abkhazia, a self-proclaimed republic on the Black Sea, has intensified its crackdown on cryptocurrency mining, targeting both large and small operations. The government has shut down numerous large-scale mining farms in response to severe electricity shortages that have fueled ongoing societal and political challenges. Despite these efforts, the region continues to grapple with power scarcity…
Russia looks to crypto to avoid sanctions and moves to legalize cryptocurrency mining later this year. Russian President Vladimir Putin has signed legislation aimed at reducing Russia’s reliance on the United States dollar in international trade. The new law, effective from November 2024, permits approved mining firms to register via a state database to mine…
Updated August 3rd 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…
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.…