Cryptocurrency mining in Argentina remains under pressure from the country’s electricity sector, which wants to increase operating costs. In recent days, several measures announced were anti-mining and caught the attention of businessmen in the sector. The cryptocurrency mining it is an essential activity for the functioning of networks, validating transactions and guaranteeing the security of the ecosystem. In the case of bitcoinFor example, your transactions are validated with the help of miners, who use sophisticated graphics processing equipment. By relying on energy for its operation and cooling process, many governments consider the sector bad, even with the growing investments of…
Author: Farwa Raza
Gafisa will accept Bitcoin as a means of payment for the purchase of apartments, being another public company that supports bitcoin. For this, a Brazilian cryptocurrency exchange will help in the intermediation of transactions. The cryptocurrency market it even makes it easy for people who live outside of Brazil to send securities to the country quickly and securely, making it an attractive option for real estate investors from anywhere in the world. In Brazil, despite the fact that cryptocurrencies are not recognized by the Central Bank as a means of payment, the modality has matured and the entry of brokerage…
Attracted by the impressive growth of cryptocurrencies in 2021, thousands upon thousands of investors flocked to crypto mining. Despite the fact that the market has become slow since 2022 began, the interest of people in mining cryptocurrencies has not diminished. This year, the hashrate of Bitcoin reached new highs and hit an all-time high of 254.77 I/s on May 16. According to BTC.com, a block explorer, most current hashrates are held by mining pools, and the latest blocks are mostly mined by these pools. This is due to the continuous increase in the BTC hash rate: as the network continues…
We live in a society increasingly focused on the technological world and its novelties. So much so that more and more people are generating passive income in a non-tangible way. We refer to cryptocurrencies, a type of investment that does not stop adding followers. The financial market is changing towards a new perspective. There is no longer much investment in real estate or tangible assets. For this reason, today we want to talk to you about the five best books to learn how to navigate this new crypto-universe. The Cryptocurrency BibleJared Snyder This book published in 2018 is ideal for…
Newman Perez, who has been characterized for carrying out a large number of scams in the digital world and who has been in charge of projecting a “successful” image at the expense of fraudulent businesses, has been accused again for various threats to a renowned Venezuelan crypto enthusiast which has been in charge of unmasking its illicit and highly corrosive operation for the world of cryptocurrencies in general. Newman Perez If you haven’t seen our first report on Who is Newman Perez? We recommend you visit it at the link below so that you have a clearer idea about this…
May 2022 has been quite a difficult month for crypto investors, especially with the collapse of the Terra ecosystem. The collapse of the Terra ecosystem has been devastating not only for investors, but also for developers and other members of the crypto community. Crypto exchange Bybit has partnered with blockchain analytics firm Nansen to study the state of the crypto market. This is what investors are doing after everything that has happened in the crypto space. 1. Move to risky assets Amid skyrocketing inflation and a tightening of monetary policy by the Federal Reserve, investors have been adopting a risk-averse…
The CTO (Chief Technology Officer) of the Itaú BBA Digital Assets sector, Vanessa Fernandes, defended at a recent event that the use of stable currencies is interesting to democratize innovation. The executive’s speech comes amid the stablecoin scandals of recent weeks. That’s because Terra (LUNA) and TerraUSD (UST), which became one of the top coins by market cap, ended up collapsing and showing that stablecoins may not have anything stable. In this way, a wide global debate was generated among regulators about who should take over this market. In the case of LUNA CEO Do Kwon, he will be investigated…
Showing the dominance of sellers, Bitcoin is about to close its eighth week in the red. Going from $48,200 to $30,100, this represents a 38% drop. However, this could be the turning point and the appearance of a green candle next week. The reason for this is the strong support in the region of $30,000, the current price of Bitcoin. Tested last week and this week, it’s hard to believe the barrier will break next time. Despite this, the bears may be taking a breather to test the market further ahead, promising a tough year for Bitcoin. In addition to…
Citing that the alternative cryptocurrencies (altcoins) they have already fallen a lot, a famous analyst points out that the fall could be even greater, 90%. The reason is the correlation of these currencies with Bitcoin, which is still struggling to stay above $30,000. If Bitcoin falls out of this region, altcoins will not only follow the fall, but suffer even greater losses. As reported by cryptoreport, today the dominance of Bitcoin is the highest in the last 6 months, and the bear market is one of these reasons. After all, big investors take less risk by dumping small cryptocurrencies. Furthermore,…
While participating in a question session on Reddit, the famous founder of MicroSoft, Bill Gates, stated that he does not own Bitcoin. Going further, he took the opportunity to criticize cryptocurrencies for not generating value as companies do. This is not the first time that the founder of Microsoft has attacked Bitcoin. In 2018, Gates had already stated that he would bet against the price of BTC if there was an easy way to do it. Even with the recent crash, Bitcoin It’s already up 197% since his speech, so the billionaire was lucky to stay out. In the years…