BTC surge can’t save block reward mining economics

Quick Summary:

There are theories behind what’s driving this BTC surge, including bets on next week’s U.S.election and reports that U.S.federal authorities are preparing to file criminal charges against Tether.

The post BTC surge can’t save block reward mining economics appeared first on CoinGeek.

There are various theories behind what’s driving this surge, including speculative bets on next week’s U.S.election, which could return the so-called ‘crypto president’ Donald Trump to the White House and usher in a new ‘light touch’ approach to regulating digital assets.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: Canada

Topics: Proof of Stake Business Block reward mining Proof of work Bitcoin price Coinbase Crypto Crime Cartel Stablecoins United States BTC Tether Russia Ethereum USDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 14:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1620 words

Reading Time: 9 minutes read

Sentences: 58 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23339490

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