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Cost of Mining, US Crypto News, Litecoin-Cardano Project

07/10/2020
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  • Mining
  • Regulation
  • Litecoin
  • Cardano
News list

Mining of Bitcoin is becoming even more complicated for private users. US officials' appreciation of crypto is growing. Litecoin and Cardano are up to smth, no one knows.

No More Bitcoin Mining?

Analysts believe that soon Bitcoin will be the hardest to mine ever. Over the last year, the BTC network capacities have grown at least twice the size. However, Bitcoin has entered dead calm waters. Yet even now Bitcoin hashrate is top high, today its rate was 11 times higher than that in the Golden era of Bitcoin, 2017.

Miners' investments grow as well. Large companies that specialize in mining Bitcoin buy the latest equipment for record-high sums of money. So even now mining the first cryptocurrency is still a lucrative business for miners, but it requires considerable investments.

No More Bitcoin Mining?

USA Strives to Regulate Crypto

Commodity Futures Trading Commission (CFTC) has announced its strategic plan for 2020-2024, where the key point is regulating cryptocurrencies and other digital assets.

Its Chief Executive Heath Tarbert stated that the institution would love to include to its list not only Bitcoin, but other currencies as well - or better say, futures for other cryptocurrencies. However, it will only be possible after the approval of the US Securities and Exchange Commission (SEC), infamous for its latest case with Pavel Durov and Co. of TON. The Commission has only ratified Bitcoin and Ethereum.

Tarbert advocates for legalizing crypto assets as soon as possible and claims it to be the major condition for keeping the USA ahead in the race of hi-tech countries.

USA Strives to Regulate Crypto

Litecoin and Cardano Unite for a Project

The two companies' representatives have announced a new shared project.

There are still no details about the future collaboration neither from Litecoin, nor from Cardano. The rumour has it that they are uniting their two blockchain networks.

The new project may also include MimbleWimble - a technology by Litecoin blockchain. The software is aimed at increasing privacy and data security for Litecoin users.

Well, we're waiting till Litecoin and Cardano shed some light on their new potential project!

Litecoin and Cardano Unite for a Project

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