Cryptocurrency mining is a practice as old as the first cryptocurrency. And, like the fast-paced industry underpinning it, crypto mining requires attention to keep up with the constant updates. For instance, in the early days, anyone with a computer and some technical skills could mine cryptocurrencies like Bitcoin. Fifteen years later, mining difficulty has skyrocketed, making solo mining of major cryptocurrencies practically impossible. Investor-backed mining farms using powerful computers that solve complex mathematical problems at incredible speeds dominate the industry.
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Bitcoin in 2024
Earlier this week, the cryptocurrency community scored its first major victory of 2024 with the approval of spot Bitcoin ETFs in the United States. This has sparked a lot of excitement, catapulting Bitcoin to a cycle high of $49,000. Now eyes are on the next major event in May: the Bitcoin halving. Post-halving investors believe Bitcoin will gather enough momentum to break through its 2021 all-time high of $69,000.
CRYPTO & PHILIPPINES
Cryptocurrency is gaining rapid global acceptance, and the Philippines has not been left behind. The country, which has a population of over 100 million people, has seen increased crypto adoption as the technology reshapes investments, online payments, and transactions.
Binance’s Future After Lawsuit
Binance has been making headlines recently, though not for reasons they would like. The platform is facing a mega lawsuit brought by investors that legal experts say could seriously impact their future operations. What exactly is behind this case and how does it affect the crypto industry? This post will answer all your questions about the recent controversy.
How Will 2023 End for the Crypto Sector?
Unlike 2022, this year hasn’t seen crypto breaking the internet multiple times every other month. The entire sector has been much quieter due to the bear market born after the craze in the summer of last year. But things are finally looking up for the crypto community as we head towards the end of 2023. Let’s find out why.