Downturns in the market can also be used as opportunities to build wealth in the long term.
The shift to Proof of Stake consensus has obviated the use of graphics cards for Ethereum mining. However, a new ETHW Fork coin and use for mining other stablecoins may keep GPU-based mining going, say experts
The Bill caps electricity use at current levels for existing mining operations. The Bill does not alter operations running on renewable sources, or using less energy-intensive alternatives such as proof-of-stake to verify transactions.
On March 21, the government clarified that losses incurred in the transfer of one VDA (virtual digital assets) i.e. crypto-assets cannot be set off against income generated against another VDA, a move that has been termed as detrimental for the Indian crypto industry
Minister of State for Finance Pankaj Chaudhary said from April 1, a 30 percent I-T plus cess and surcharges, will be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day
Per the Cambridge Bitcoin Energy Consumption Index, Bitcoin consumes around 137 terawatt-hour (TWh) per year, which is higher than the electricity requirements of some countries like Norway (124.3 TWh), Ukraine (124.5 TWh) and more.
Due to cheap power prices in Kosovo in recent years, many young people in Kosovo have got involved in crypto mining.
Bitcoin fell by almost 3 percent, declining consistently for the 6th consecutive day. This happened just days after it hit an all-time high of $68,789.63 on November 10, 21.
India made significant strides in the cryptocurrency regulation space, with reports suggesting that the government may allow and regulate the use of cryptocurrencies as an asset class like gold, shares, bonds, etc.
Texas-based Ishaan Thakkar (14) and his sister Aanya (9) have made a successful business out of mining cryptocurrencies.
Siblings Ishaan and Aanya Thakur, 14 and 9, didn’t want to spend their summer just playing video games. So they learnt crypto mining.
Square Inc., a financial services company owned by Twitter CEO Jack Dorsey, holds 8,027 Bitcoins worth $220 million.