Blockchain
By Maheen Hernandez
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Bitcoin miners are having a hard time as the bear market has depressed the price of the cryptocurrency and the proceeds from mining does not any longer covers for the expenses.
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Bitfarms CEO recently stated that it has been very challenging for cryptocurrency miners to sustain their profitability.
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Fulford stated, "With the decrease in the price of BTC and increased difficulty in mining, these participants have failed to recover original hardware costs which will deter the…
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The Bitcoin mining industry is shifting from “Hobbyist ‘garage’ miners to large industrial operators.”
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Richard P. Donoghue, Attorney for Eastern District of New York, stated, “As alleged, the defendant had defrauded investors thereby making false promises and eventually sending…
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He further added, “The defendant’s fraud ends now, he will be held responsible for his criminal conduct.
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Christopher Wray, FBI Director recently stated, “Criminals have always adopted innovations and new technologies to achieve illicit goals, and it is our job to adapt and stay…
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While mining is getting harder and several fraudulent operators are getting caught, the US government has been trying to break the anonymity factor in Bitcoin.
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Catherine De Bolle, Europol Executive Director stated, “The dark web is not dark as you might think.
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Bitcoin is considered to be a revolution due to its potential to disrupt the financial industry. Cryptocurrency exchanges serve to be the gateway into the crypto market.
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The latest in the cryptocurrency market is about Yahoo jumping into the cryptocurrency bandwagon.
The Currency Analytics
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