Day: February 9, 2022

How profitable is cryptocurrency mining?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io How profitable is cryptocurrency mining? What are the most profitable cryptocurrencies to be mining and what are the best mining rigs to buy in 2022, we review the best miners to buy now! Spoiler THIS is the BEST mining rig to buy this year! Compass sells Bitcoin miners – Subscribe to VoskCoin to earn more! Learn more about GSDAO – Learn more about Fightcoin! Get $250 for FREE with BlockFi! Bobcat Miner 300 Helium Miner Review – Bobcat Miner 300 is the…

FSInsight report says a single spark could see BTC 5X

Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,000, by the end of 2022. At current prices of BTC ($43,350) and ETH ($3,080), that would mean a nearly five-time and four-time increase in price for each coin respectively. The Digital Assets In A Post-Cycle World report explained several factors that are likely to combine to drive prices to those heights by the end of the year. Compared to other cycles, it would appear that BTC has not achieved what the…

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining โ€“ Mining Bitcoin News

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Authorities in Kazakhstan are discussing new regulations for the countryโ€™s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining Companies in Kazakhstan Expected to Pay Much More to the State Government officials in Kazakhstan are debating over new legislation for the cryptocurrency industry. The authors of a draft law โ€œOn Digital Assets in the Republic of Kazakhstanโ€ have covered certain matters that…

Bitcoin: Will A Capitulation Fuel The Next Rally?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Before #Bitcoin sees sustained uptrends that last more than a few weeks, we often first have to see some type of capitulation candle with a lot of volume. Since we have not seen that yet, can we really be optimistic of immediate new all-time-highs for #Bitcoin? In this video we look at prior capitulation candles that carried a lot of volume and how they fueled the next impulsive move by #Bitcoin. Premium List : LIFETIME OPTION: Alternative Option: Merch: Disclaimer: The information…

‘Comedic rapper’ charged over Bitfinex hack laundering out on bail

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New York resident Heather Morgan, 31, claims to be many things: โ€œa serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.โ€ But her LinkedIn bio doesnโ€™t mention anything about her alleged capability to help launder hacked cryptocurrency. Yesterday morning, FBI agents arrested Morgan โ€” or was it her rapper alter-ego Razzlekhan?โ€” and her husband Ilya Lichtenstein for allegedly conspiring to launder crypto connected to the 2016 Bitfinex hack that saw 119,756 Bitcoin (BTC) drained from the crypto exchange. The pair have strongly…

Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister โ€“ Regulation Bitcoin News

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Indiaโ€™s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is โ€œconstantly monitoringโ€ and โ€œwatching the crypto sector.โ€ Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency. Indian Finance Minister on Monitoring Crypto Sector and RBIโ€™s Digital Currency Launch Indiaโ€™s finance minister, Nirmala Sitharaman, has revealed that government officials are constantly monitoring the crypto sector, India Today reported Monday. Speaking at India Today Budget Roundtable 2022 on the โ€œState of Indiaโ€™s…

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GameStop stock up on rumors of Microsoft NFT game partnership

The stock price of popular video game store chain GameStop (GME) surged roughly 13% in one day amid rumors circulating online regarding a partnership with Microsoft to work on NFT gaming. At the time of writing, GME sits at $115.60 as of market close on Feb. 8 and has also held around that level in after-hours trading according to data from TradingView. GME started February at around the $100 region and has been pumping this month on the back of GameStopโ€™s partnership with NFT focused Layer-2 Ethereum scaling solution Immutable…

Bitcoin Settles Above $43,000, But What Does The 4-Year Cycle Say?

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Bitcoin has already lost its footing above $44K after breaking the coveted point to much fanfare. The downtrend has not been significant in any way but the digital asset could still end up losing more ground before the end of the trading day. Nevertheless, it has been a good run for bitcoin coming out of the weekend. As the cryptocurrency has made its bottom above $43,000, what could be expected going forward? Bitcoin In Four-Year Cycles As bitcoin has settled above $43,000, looking at other metrics to figure out where…