Ever since bitcoin mining became more difficult and less profitable, many crypto-enthusiasts have turned their attention to cloud mining. And there are several reasons for that. Cloud mining providers provide users with their mining equipment for rent in accordance with the selected tariff. And such cooperation has a lot of advantages.
The power supply for mining is extremely important, because it largely determines how reliable the process of mining itself will be. The power supply has higher requirements in terms of energy efficiency and stability. Before you connect a mining farm, you need to know some of the nuances of selecting such equipment.
Experts explained the potential of investing in the first cryptocurrency in the long term, as well as gave recommendations on buying the asset and its storage
There are many applications, platforms, apps on the cryptocurrency market with a variety of functionality, profitability, development dynamics. Many of them are similar in their structure, but there are some that are unique. The cloud mining service NicaHash can be attributed to them. Cryptocurrency news periodically mentions it, pointing out that this service is one of the most famous in the field of mining.
Atomic swaps are a mechanism for enabling true P2P trading of crypto-assets directly via blockchain. How do atomic swaps work and what is the future of this technology?
Atomic swaps are automatic contracts for exchanging crypto-assets between blockchains. The mechanism of smart contracts completely eliminates the need for centralized third parties (exchanges or exchanges) in transactions and frees the counterparty from risk. It is one of the few truly decentralized methods of conducting crypto-asset exchanges.
El Salvador's government debt market felt selling pressure as bitcoin fell below $44,000. On the same day, a law recognizing bitcoin as a legal means of payment went into effect, Bloomberg writes.
The market for non-interchangeable tokens has received a new impetus. Now the NFT fever has started in China as well, with large companies and organizations already joining in. Investment firm Sino Global Capital says the sector is "growing rapidly," mostly in China.
While some countries are trying to limit the impact of cryptocurrencies on their financial systems, other states are doing the opposite, believing that cryptocurrencies will help them develop. Zimbabwe, in particular, is pursuing such a policy.
Two cryptocurrency trends stood out last year and this year: NFT and DeFi. Billions of dollars have poured into sectors that many didn't know existed before. The Piplsay platform conducted a survey among Americans and Brits to see what users thought of NFT today.
Nigerian economist Gospel Obele has called for uniform regulations for regulating cryptocurrencies so that they can complement digital currencies of the Central Bank.
The New York-based hedge fund investment firm is the latest to use NFT technology.
Edward Snowden, an American technician and special agent and former employee of the CIA and the U.S. National Security Agency, shared his views on the adoption of Bitcoin in El Salvador. He believes that other countries should definitely follow suit and accept the flagship crypto-asset as a legal tool for making payments. Snowden notes that states will later regret that they made this decision too late.
Documents published by the U.S. Securities and Exchange Commission shed light on the case against fintech company Ripple and the status of the XRP token
