The Currency Analytics
By Maheen Hernandez
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.
Bitfarms CEO recently stated that it has been very challenging for cryptocurrency miners to sustain their profitability.
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…
The Bitcoin mining industry is shifting from “Hobbyist ‘garage’ miners to large industrial operators.”
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…
He further added, “The defendant’s fraud ends now, he will be held responsible for his criminal conduct.
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…
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.
Catherine De Bolle, Europol Executive Director stated, “The dark web is not dark as you might think.
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.
The latest in the cryptocurrency market is about Yahoo jumping into the cryptocurrency bandwagon.