Bitcoin crypto miners accumulate an income of USD 20 billion

The accumulated revenue of Bitcoin’s crypto miners exceeded $20 billion, after doubling in the last 2 years.

According to Glassnode data, the accumulated revenue of Bitcoin’s crypto miners exceeded USD 20 billion, which means they have doubled over the last 2 years.

Miners accumulated more income in the last 2 years than during the first 10 years

Immediately, Rafael Schultze-Kraft, CTO of the Glassnode data metrics site, responded to the crypto firm’s tweet in amazement at the exponential growth of crypto mining revenues over the past two years.

Clearly, the speed with which crypto mining revenues are increasing was mainly driven by the Bitcoin rally.

In fact, as we reported in CryptoTrend, Crypto Revolt hashrate has increased considerably due to the addition of new miners to its Blockchain.

Keep in mind that, as the hashrate increases involving more crypto miners, the network becomes more robust and therefore more secure.

Nevertheless, crypto mining still has some points against it. Mainly, as reported by Bloomberg, the mining activity could worsen the environmental situation in certain cities like Iran.

Cryptomining could worsen pollution in Iran

Crypto scams on Twitter continue

According to Bleeping Computer, the number of tweets posing as Elon Musk, Tesla’s CEO, has increased worryingly over the past few weeks. Especially considering that more than USD 580,000 in leading crypto has been diverted in this way.

Apparently, as the media explains, crypto pirates use „verified“ accounts, marked with the blue Twitter symbol, to propagate their acts.

However, this is not the first time that the social network has been used for cryptocrime.

Would you pay USD 7,777 for Elon Musk’s Tweet regarding Dogecoin?

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 customers.

Now, according to Andreas Antonopoulos, owners of Ledger crypto hardware wallets have been receiving dozens of phishing phone calls after the manufacturer’s database was dumped on hacker sites.

Ledger suffers data leakage

The crypto idea of payments in Bitcoin makes no sense, says Stephen Colbert

Stephen Colbert, the host of CBS‘ The Late Show, getting paid in leading crypto is not as good an idea as many might think.

Specifically, the host said, „Getting paid at Bitcoin? That’s the second stupidest idea I’ve ever heard. He added, „Bitcoin is worth it just because a group of people on the Internet have agreed it’s worth something.

Deltec Reveals Big Position in Bitcoin

In a few lines…

Our weekly summary indicates that Bitcoin’s crypto whale activity has decreased. However, they seem to continue to accumulate.
The crypto LINK reached a new all-time high, but it didn’t manage to hold on to the level.

Anatoly Aksakov, a member of the Russian State Duma, reiterated that the Bitcoin bubble will eventually burst and global jurisdictions should ban crypto as a method of payment.