The wait is (finally) almost over. After months of anticipation, the world’s first ecological mining pool to ever hit the market is finally almost here. But what’s got Bitcoin (BTC) miners so excited about PEGA Pool’s launch? For starters, they’ve been battling to make ends meet amidst Bitcoin’s dismal prices,
State Duma members will consider and vote on a bill in 2023. To allow cryptocurrency mining in the Russian Federation, according to the chairman of the Financial Market Committee, Anatoly Aksakov. Who made the announcement in remarks for the crypto section of the business news site RBC. The prominent senator,
Even though Bitcoin has suffered a severe sell-off this year, legendary investor Bill Miller remains positive about the cryptocurrency. The Baltimore investment firm became a household name because it consistently beat the S&P 500 from 1991 through 2005. After that, he took on the role of chairman and chief investment
Peter Schiff, an economist, and staunch gold bull, has a holiday greeting for bitcoin holders. Schiff established Schiffgold, a precious metals company that deals mostly in gold and silver bullion, and serves as its chairman. He has always been skeptical about bitcoin and has instead advocated for gold. Mark stated:
Mark Cuban, a billionaire tech entrepreneur, is optimistic about Bitcoin and has even said he hopes the price keeps falling. During an interview on comedian Bill Maher’s “Club Random” podcast, Cuban expressed a desire for the price of Bitcoin to decrease so that he could purchase more. The owner of
Cybercriminals successfully stole a significant amount of money from the cryptocurrency mining pool BTC.com. Client funds to the tune of $700,000 and corporate funds to the tune of $2.3 million were stolen in the assault on December 3. BIT Mining Limited, the parent company of the mining pool, made the
Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per the CoinWarz data, the bitcoin hashrate was 168.85 EH/s on Dec 25th. And two days prior (Dec 23rd) it was 271.4 EH/s. The reason for the fall was stated to
The progress toward the next Bitcoin block reward reduction has hit 65%. Several on-chain analytics implied that Bitcoin is at or very close to its cycle bottom. The Bitcoin cycle typically reaches its lowest point 517–547 days before the subsequent halving event. So, it will be almost 500 days before
As an important case in the market, the location of Do Kwon, the founder of Terraform Labs remains hidden from the crash of the entire Terra network. The South Korean government was taking out so many initiatives to find his whereabouts. In light of this case, Kwon cashes out a
Argentine authorities in the province of Buenos Aires have given the green light to a proposal. That would make cryptocurrency mining a taxable sector beginning in 2023. 4% of all profits made from “Processing and validation services for crypto assets and/or cryptocurrency transactions (crypto asset and/or cryptocurrency mining),” as stated
