The new crackdown by the Communist Government of China against digital currency, including mining, has prompted an exodus of miners. Which is being named the extraordinary mining movement. So Taiwan can turn into a coherent decision for miners. Since it is the closest country to mainland China. Nonetheless, the broad
Vladimir Putin, Russia’s president, has signed new legislation limiting cryptocurrency mining in certain areas in an effort to control the country’s energy use. As part of its larger attempts to control the sector and save power during winter peak hours, Russia has imposed certain limits. Between December 2024 and March
Using the country’s Finance Ministry as a source, Russian news agency Interfax reported on Monday that the Russian government has authorized draft modifications to a law regarding the taxation of cryptocurrency transactions and mining. According to the report, cryptocurrency would be considered property for tax reasons under the proposed law.
Crypto.com has announced the acquisition of Fintek Securities Pty Ltd., a brokerage service regulated by the Australian Securities and Investments Commission (ASIC). This acquisition, revealed on November 14, 2024, allows Crypto.com to offer a wider range of financial services to eligible users in Australia. Today we’re proud to announce the
As 2024 nears its end, people scrutinizing their crypto holdings are keen on strategies for the upcoming year. Ethereum’s updates bring hope to the broader crypto market, hinting at more institutional participation, while BNB’s price swings with uncertainty. Meanwhile, BlockDAG has amassed 200,000 users on its X1 app, underscoring the
An analyst predicts that a $1,200 investment in specific cryptocurrencies today could grow into enough wealth to purchase a yacht by 2026. This bold forecast has sparked interest across the crypto world. Which digital assets promise such remarkable returns, and what factors could propel them to such heights? CYBRO Presale
Global crypto funds managed by asset giants such as BlackRock, Bitwise, Fidelity, Grayscale, and ProShares experienced net inflows of $407 million last week, according to CoinShares. This marked a sharp reversal from $147 million in outflows the previous week. The inflows were primarily driven by U.S.-based funds, which contributed $406
Bitcoin (BTC) mining profitability took a hit in September 2024, as rising network difficulty and a steady Bitcoin price put pressure on miners. U.S. investment bank Jefferies highlighted that the network’s hashrate saw a 1.7% increase, making it tougher for miners to generate rewards despite Bitcoin’s value remaining mostly unchanged.
As the crypto landscape evolves at a fast pace, more investors are getting involved, drawn in by promising opportunities. Top performers like BlockDAG are setting the tone for what could be an exciting year ahead. BlockDAG’s miner sales have exceeded $5 million, with over 12,800 mining rigs sold so far.
Miners.Club (MC), a newly launched multi-tokens mining platform, has quickly attracted significant attention from the market since its official operation just 15 days ago. The platform, centred around its Telegram Mini-bot, offers users an engaging mining experience, with daily Proof of Work (PoW) rewards distributed to participants. The platform’s simplicity
