The cumulative revenue of Bitcoin crypto miners exceeded $ 20 billion, after doubling in the past 2 years.
According to data from Glassnode, the cumulative income of Bitcoin crypto miners exceeded $ 20 billion, which means they have doubled over the past 2 years.
Miners accumulated more income in the last 2 years than during the first 10 years
Immediately, Rafael Schultze-Kraft, CTO of data metrics site Glassnode, responded to the crypto firm's Tweet in awe at the exponential growth in crypto mining revenue over the past two years.
Evidently, the rapidity with which crypto miners' revenues are increasing was primarily driven by the Bitcoin rally.
In fact, as we reported in CryptoTrend, the Bitcoin hashrate has increased considerably due to the addition of new miners to its Blockchain.
Let us bear in mind that, as the hashrate increases, involving a greater number of crypto miners, the network becomes more robust and, therefore, more secure.
However, crypto mining still has some downsides. Mainly, as reported by Bloomberg, mining activity could worsen the environmental situation in certain cities like Iran.
Crypto Twitter Scams Continue
According to Bleeping Computer , the number of tweets impersonating Tesla CEO Elon Musk has risen worryingly in recent weeks. Especially considering that more than $ 580,000 in the leading crypto has been siphoned off in this way.
Apparently, according to the outlet, crypto hackers use "verified" accounts, marked with the characteristic blue Twitter symbol, to spread their actions.
However, it is not the first time that the social network has been used for crypto crime.
Crypto Ledger users are harassed
As we have reported in CryptoTrend, Ledger suffered an attack that compromised the information of a large part of its crypto clients.
Now, according to Andreas Antonopoulos, the owners of Ledger hardware crypto wallets have been receiving dozens of phishing phone calls after the manufacturer's database was dumped on hacker sites.
The crypto idea of Bitcoin payments makes no sense, says Stephen Colbert
Stephen Colbert, the host of CBS's The Late Show, getting paid on the leading crypto isn't as good an idea as many might think.
Specifically, the presenter said : “Receive payments in Bitcoin? That's the second stupidest idea I've ever heard. Furthermore, he added that "Bitcoin is worth only because a group of people on the Internet have agreed that it is worth something . "
In a few lines ...
Our weekly roundup indicates that Bitcoin's crypto whale activity has slowed. However, they seem to continue to accumulate.
Crypto LINK reached a new all-time high, but failed to hold on to the level.
Anatoly Aksakov, a member of the Russian State Duma, reiterated that the Bitcoin bubble will at some point burst and global jurisdictions should ban crypto as a payment method.
