The drop in profitability, as well as the notable increase in difficulty, were the main topics during this week. Since the beginning of 2023, mining has emerged from the lows that the market experienced last year. An increase in profitability led to a growing number of miners connecting to the network to take advantage of […]
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According to recent reports, the secret service has arrested a Russian citizen for allegedly donating cryptocurrency to support the Ukrainian military. According to a press release by the Russian Federal Security Service (FSB), Alexander Vecherko, a Russian citizen residing in the Khabarovsk region, in the Far East of the country, has been arrested and charged […]
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The survey, which spanned the Americas, Asia, Europe and Africa and interviewed more than 15,000 people, found that most respondents are aware of cryptocurrencies, with many seeing a bright future for the industry. Joint research by Consensys and YouGov estimated that 92% of participants are aware of cryptocurrencies. 37% see the asset class as future […]
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The American banking sector has been the backbone of the economy in the US. The so-called American Dream is based on the promise of wealth and security. However, it seems to be collapsing. Silicon Valley Bank is one of the largest banks in the United States, which however has experienced one of the largest bank […]
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On June 30, a US court ruled that Kraken must provide its users’ information to the Internal Revenue Service (IRS), to investigate those who do not file their taxes. The court ruled that the IRS has a legitimate reason to obtain the information from the cryptocurrency exchange due to activity on the platform. President Joe […]
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