Tuesday, October 4, 2022
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Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax – Exchanges Bitcoin News

The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees Record Number of Indian Users The number of

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Bitcoin Miners’ Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year

The hashprice, a metric coined by mining services firm Luxor Technologies that measures revenue per terahash of computing power, has dropped dramatically in the last month and particularly in the past few hours, following the difficulty adjustment. In the month of August, revenue in U.S. dollars per terahash dropped by

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Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards – Mining Bitcoin News

While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the lower prices, Bitcoin’s hashrate has jumped significantly in recent times and block intervals have sped up a great deal. The

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IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equity Markets – Markets and Prices Bitcoin News

Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly. IMF Staff on Crypto and Correlation to Asian Equities The International Monetary Fund (IMF) published a blog post on Monday on cryptocurrency

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Ethereum’s Merge Will Increase Its Use Cases and Drive Its Investment Narrative

Many investors, including large institutional investment firms such as endowments, family offices, and pension funds, are extremely interested in cryptocurrency investments. They are governed by environmentally conscious investment standards (ESG) and have expressed concern with the energy requirements of PoW networks. While PoW networks are secure, the Ethereum upgrade to

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