European Union countries account for 6% of the Bitcoin network hashrate, and the United States has emerged as the world’s No. 1 Bitcoin miner, a new report says. However, the economic bloc’s Bitcoin mining prospects are hampered by geopolitical tensions and the region’s energy dependence..advertising Bitcoin Mining Outlook in the EU According to Bankless Times’ latest report on Bitcoin mining, the 28 countries that make up the European Union (EU) collectively account for 6% of the Bitcoin network hashrate. Meanwhile, Ireland, with a 2023 gross domestic product (GDP) of $115 billion, nearly 160 times the GDP of the European Union,…
Author: Crypto Flexs
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The small cryptocurrency project built on top of Kusama (KSM) exploded by more than 188% this week amid broader momentum from Polkadot (DOT) ecosystem projects. Moonriver (MOVR) is an Ethereum (ETH) compatible parachain built on Kusama. The project serves as a canary network for testing the code of Moonbeam (GLMR), a smart contract platform for cross-chain connected applications. As of this writing, MOVR is trading at $29.16, up from $10.12 a week ago. The 201st-ranked cryptocurrency asset by market capitalization also rose more than 36% in the past 24 hours. MOVR’s gains have materialized amid a broader upward trend in…
Since header-first synchronization specifies that the entire header chain is downloaded from a single peer, how does the downloading node know that it will not be presented with a header chain outside of the manufactured consensus? Do you cross-reference to other peers? What is the exact mechanism used here?
Taxes and cryptocurrency remain a pretty intricate topic. Here, we will explore the current state of crypto tax and what investors can expect in 2024. In the crypto world, simply holding on to your digital assets, often called ‘HODLing’ by the community, does not incur any tax obligations in almost every jurisdiction. However, any profit derived from crypto-related activities, including lending, staking, or selling, could potentially result in some taxation. How is crypto taxed? In the U.S., the Internal Revenue Service (IRS) categorizes all cryptocurrencies as capital assets, meaning that capital gains tax applies to profits made from selling them.…
Some time has passed, and new news has arrived. 👋 It’s happening! 👋 After being cooped up for the past few years, I’m excited to finally say this. Devcon 6 will be held in Bogota, Colombia in the first half of the fourth quarter of 2022. We know that Devcon has a special place in everyone’s heart (and ours too!). We hope to share more information soon (stay tuned!). In the meantime, Road to Devcon continues with another project we’ve been working on recently. Meet something a little new DevConnect The week-long gathering in Amsterdam will feature independent Ethereum events,…
XRP appears to be stagnating as the price of XRP fluctuates around $0.63. Will the bullish momentum return? Ripple (XRP) started the week with a promising surge, rising from $0.62 to $0.65. However, the cryptocurrency struggled to maintain its bullish momentum, falling 5% and falling below $0.62 just after Christmas. At the time of writing, XRP is trading around $0.63 and has seen some recovery over the past 24 hours. XRP Bulls vs Bears In December 2023, Ripple reportedly transferred 240 million XRP from escrow accounts, leaving more than 96 million XRP in primary spending wallets. This equates to approximately…
Indonesian police reportedly shut down 10 mining operations and confiscated 1,314 Bitcoin machines, electrical cables and various computer parts. North Sumatra police reportedly dismantled Bitcoin mining operations in 10 provinces in Indonesia. 26 people arrested Indonesian police have shut down nearly 10 Bitcoin mining operations and charged the organizers with the theft of about $1 million in electricity, according to local reports. North Sumatra Police Chief Agung Setya Imam Effendi said at a press conference: “Yesterday we took action in relation to electricity theft. “We have taken action against these thefts at 10 locations where we know the stolen electricity…
In the course of a long legal battle in the United States, Changfeng said,Czech Republic” Zhao, who previously served as CEO of Binance, faced a serious setback. In response to Zhao’s second request to leave the country, a federal judge named Richard Jones of the U.S. District Court for the Western District of Washington, Seattle, refused to grant his request. This decision It came as part of proceedings preceding Zhao’s sentencing hearing. Judge Jones ordered Zhao to remain in the United States when he issued the transfer order on December 7. The ruling handed down on December 29 followed that…
MKR has seen a sudden surge in interest over the past few days. The growth of interest in whales and protocols may have played a role in this surge. MakerDAO (MKR) has been one of the most popular DeFi protocols in the space. The recent surge in MKR price, registering a significant 4.11% gain in the last 24 hours, has sparked the curiosity of investors and analysts alike. The big question is whether this surge is just a temporary uptick or a harbinger of continued long-term growth. What’s behind the uptrend? The surge in MKR price is not an isolated…
join us telegram A channel to stay up to date on breaking news coverage Over the past 24 hours, the cryptocurrency market has seen a variety of movements, with 9% of the tracked cryptocurrencies experiencing positive changes. Casper appeared. top winner It increased by 13.94% during this period. Over the past year, LoLBitcoin has performed exceptionally, boasting an incredible rise of 6,643.76%. Specifically, in 2022, Lolbit Coin continued its strong performance, recording a rise of 5,613.36% since the beginning of the year. Biggest Cryptocurrency Earners Today – Top List valuation cryptocurrency 2023 saw an upward trend, increasing by more than…