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Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds
21.8.2023
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...
Strategies for profitable perpetual futures trading
18.8.2023
Perpetual futures trading is a type of derivative trading that utilizes contracts to deliver an underlying asset at some point in the future. These derivatives allow traders to speculate on price movements and take advantage of short-term market swings without purchasing or selling any underlying...
Robinhood turns profitable in Q2, but crypto revenue declines
2.8.2023
Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline
Litecoin on the Brink of Third Halving: Record Hashrate and Profitable Mining Despite 17% Value Dip
17.7.2023
In a mere fortnight, the Litecoin network is poised for its third reward halving event, a seismic shift that will slash the LTC miners’ block rewards from 12.5 LTC per block down to 6.25 LTC. Data illustrates an intensified dedication of hashrate to the Litecoin blockchain as the critical...
A no-fail trade? Bitcoin traders who dollar cost average are profitable
10.7.2023
Investors who have dollar-cost-averaged into Bitcoin over time are profitable regardless of when they began implementing the strategy
Ethereum trend reversal points to $1950 and trading with this AI crypto algo could give you an edge
26.6.2023
Trends and patterns are crucial indicators for profitable crypto trading, and the in-thing knows how to spot trend reversals. Spotting uptrends, downtrends, and where they begin or end is a task many traders execute by closely monitoring graphs. Ethereum depicts signs of a trend reversal point...
CleanSpark Spends $9.3 Million on New Bitcoin Mining Facilities to Accommodate 6,000 Miners – Is Bitcoin Mining Still Profitable?
22.6.2023
Bitcoin (BTC) mining firm CleanSpark is expanding its operations with the acquisition of two Bitcoin mining sites in Dalton, Georgia, for $9.3 million.
The facilities will accommodate over 6,000 Bitcoin mining machines, including the latest generation Antminer S19 XP and S19j Pro+ units....
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ASIC Heavyweights: These Are the Most Profitable Proof-of-Work Algorithms in 2023
24.5.2023
Eight months ago, there was a significant transformation in the realm of lucrative proof-of-work (PoW) mining algorithms when Ethereum made the transition from PoW to proof-of-stake (PoS). During that period, the prevailing consensus algorithms for mining were Kadena, Scrypt, and Cuckatoo32....
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...
GTA VI Publisher Suggests 2024 Will Be A Very Profitable Year (Wink, Wink)
18.5.2023
Grand Theft Auto VI, the next entry in the popular open-world franchise from Rockstar Games, might be coming out as soon as next year based on some big numbers found in a new earnings report. Read more
Is building a profitable crypto portfolio still possible in 2023?
17.5.2023
With the growing concerns about crypto amidst the FED interest rate increase and financial constraints, many investors wonder whether building a profitable crypto portfolio is still possible in 2023. Analysts suggest adding AI crypto projects for more substantial returns. AI Crypto AI Crypto...
Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed
16.5.2023
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers,...
Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows
28.4.2023
Bitcoin's long-term holder spent output profitability ratio (LTH-SOPR) shows coins moved onchain that have a lifespan of at least 155 days or higher are being sold at profit. That suggests the bitcoin bear may be behind us
Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead
17.4.2023
If you hold crypto that has appreciated in value for more than one year, you won't need to worry about paying capital gains taxes and you’ll reap the benefits of one of the most generous deductions in the tax code, Adam Nash writes
Ukraine Dismantles $40 Million Russian Crypto Pyramid
6.4.2023
Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With...
First Mover Asia: Crypto Liquidity Providers Can Be Profitable by Considering Trade Volume, Volatility Other Factors, Data Firm Says
6.4.2023
ALSO: Ether falls but still outperforms bitcoin for another day as investors look hopefully at the Shanghai upgrade
GameStop Profitable For First Time In Years Even As Everything Seems On Fire
22.3.2023
GameStop shocked investors, and anyone else who’s been paying attention to the meme stock video game retailer, when earlier this week it reported its first profitable quarter in over two years. It’s all the more surprising considering that everything else about the business, from botched pre-orders...
Holding Bitcoin: A profitable affair 88.5% of the days
21.3.2023
The historical price performance of Bitcoin confirms the notion that a hard limit on total supply combined with seamless global usability is key to becoming a store of value
GMX makes permissionless trading easy, Avorak AI makes it profitable
18.3.2023
With the downfall of multiple exchanges in 2022, many users went to DeFi exchanges to make their trades, keeping custody of their crypto at all times and stopping the risk of an exchange becoming insolvent and users being unable to withdraw. GMX GMX became well-known for leverage trading on-chain...
Only 31% of Staked Ether May be Profitable: Binance Research
16.2.2023
Around 2 million ETH was staked when prices were in the range of $400-$600. These stakes are are some of the strongest Ethereum believers, according to Binance Research