The cryptocurrency mining space is an increasingly competitive space, with miners having to optimize for lower profits. However, with the market cooling down, miners are now looking to other sources of income to supplement their profits. According to JP Morgan, miners are now starting to offer hosting services for wallets and exchanges, as well as developing blockchain products and services. They are also offering cloud computing and data services to companies developing blockchain applications. Additionally, some miners are venturing into the cryptocurrency lending and borrowing businesses, offering direct investments in various cryptoassets. All of these provide additional sources of income that will help to diversify miners’ earnings and avoid the effects of market fluctuations.
According to new documents filed by the FBI, the agency seized nearly $2 million worth of digital assets in three months during the summer of 2020. The assets were seized either from criminals or from those believed to be committed financial or cyber crime. The documents reveal an increase in FBI activity in digital asset […]
Vitalik Buterin, the co-founder of Ethereum, recently shared his insights on Sam Bankman-Fried, the founder of a crypto derivatives exchange called FTX. Buterin remarked that Bankman-Fried has built an impressive project, and that the first thing that stands out about him is his extremely high level of passion, dedication, and ambition. In his opinion, this […]
The French government recently amended the country’s blockchain and cryptocurrency regulatory framework in line with the provisions of the recently released Markets in Crypto-assets (MiCA) licensing regime. This regulatory change is meant to facilitate the streamlined and secure trading of digital tokens as well as make operations and activities involving cryptocurrencies more transparent and safer. […]