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Introduction Bitcoin mining in 2024 is witnessing unprecedented changes and challenges. The hashrate, a key metric in mining, has seen a significant increase, pushing past 600 EH/s on the 7-day average. This rise, coupled with a surge in transaction fees, has driven the hashprice to new heights, impacting mining profitability. As Bitcoin rallies…
Introduction Ethereum, the second-largest cryptocurrency by market capitalization, has recently experienced a significant price surge, reaching over $3900. This surge follows two major catalysts: the approval of eight Ethereum-related exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) and the anticipation of the upcoming Pectra upgrade. Both of these developments have…
Introduction The Financial Innovation and Technology for the 21st Century Act, commonly referred to as the FIT21 crypto bill, marks a significant milestone in the legislative efforts to regulate the rapidly evolving cryptocurrency market. Passed by the House of Representatives with notable bipartisan support, this bill aims to provide much-needed regulatory clarity and consumer…
Introduction The Bitcoin halving 2024 event is a pivotal moment for the cryptocurrency community. As the fourth halving in Bitcoin’s history, it significantly impacts the mining industry, affecting hashrate trends, market dynamics, and future growth prospects. This comprehensive report examines how the 2024 Bitcoin halving is shaping Bitcoin hashrate growth, exploring its implications…
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