Since the advent of the cryptocurrency industry, the government and the regulators of the United States have tried hard to pressurize the crypto industry. Whether it is the crypto firms, mining firms, NFT marketplaces, or any other segments within the crypto-verse, the US regulators want to ban all of them. However, the US administration and … Read more
Introduction Blockchains and cryptocurrencies are innovative methods of ensuring secure online payments. However, technology always keeps evolving; therefore, even state-of-the-art systems such as blockchains are not saved from the threat of cyber-attacks. This article is going to discuss and shed light on a major issue related to blockchain security called 51% Attack. Every cryptocurrency investor … Read more
Introduction Cryptocurrency investors and traders may think that trading cryptocurrencies are the easiest and most profitable method of generating income. However, cryptocurrencies are also taxed despite being part of the DeFi or decentralized finance sector. This article is going to introduce the reader to the various methods of cryptocurrency taxation and the various aspects attached … Read more
Iris Energy is among the Bitcoin mining companies that are eager to expand their mining power to increase their mining profits. To achieve this, the Bitcoin mining company based in Australia has vowed to purchase mining rigs. The company is aiming to purchase an entire army of mining rigs to increase its mining power. With … Read more
HashRate Index issued new research recently. According to this, in 2023 the Bitcoin mining firms have resulted in a rise in hash rate, as well as in Bitcoin creation. In the month of January, a big chunk of the public miners was able to increase the monthly creation of Bitcoin successfully. The increase in the … Read more
There is good news for the cryptocurrency mining industry in Russia. The country is reportedly working on the expansion of the cryptocurrency mining industry in the country. According to reports, the country is doing that by reportedly increasing its mining capacity. Russia to Increase Mining Capacity Kommersant, a local business reporting firm carried out a … Read more
MiningPoolStats, a data-tracking website has recently shared information pertaining to Bitcoin mining. The firm has revealed that the hash rate for Bitcoin mining has risen tremendously. The report shared by the data tracking website has shown that a new record has been hit in terms of Bitcoin mining hashrate. The data gathered by MiningPoolStats has … Read more
BTC Miners Commanding More Than 50% of Networks Aggregate Hashpower The eve of 28th December 2022 came as surprise to Bitcoin miners as the network’s aggregate hash power went as high as 300 EH/s. Otherwise, the hash power of the network was processing at a much lower power of 170 EH/s on 26th December 2022. … Read more
During the last couple of years, lots of new regulations and law have been introduced to regulate the cryptocurrency exchange and production. In many countries, such as China, for example, it has been completely banned. In Argentine, a new regulation has been introduced on crypto-assets production. Not all the producers will have to pay taxes, … Read more
The final Bellatrix upgrade occurred early this week, as we near the anticipated Ethereum Merge. Meanwhile, the upcoming Merge has Ethereum miners seeking alternatives as the upgrade will end the Ethereum mining community. Ethereum Classic, which uses PoW (Proof-of-Work) consensus Mechanism, saw a sudden increase in its overall hashrate. ETC had its hashrate growing by … Read more