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Amid a pullback in the crypto market, Dogecoin mining has surged, yielding three times the profits of Bitcoin, while Lunex Network emerges as a formidable competitor to Ethereum with its innovative DeFi solutions and crypto staking appeal. Ethereum faces a 10% dip as investors secure $2.5B in profits, raising questions about the future of the altcoin season.
Litecoin has shown remarkable resilience amid a recent market downturn, with over 370,000 daily active addresses and more than 200,000 daily transactions, surpassing Dogecoin and Cardano in network activity. Its hash rate reached a new all-time high of 1.80 PH/s, enhancing network security and attracting long-term holders, 72% of whom are currently in profit. BIT Mining's shift to mining Litecoin alongside Dogecoin has proven highly profitable, yielding nearly three times the returns compared to Bitcoin mining.
Eric Trump has called for clear and sensible cryptocurrency regulations in the U.S. to foster innovation and maintain global competitiveness, criticizing past regulatory approaches as detrimental to the industry. He warned that without cohesive guidelines, the U.S. risks falling behind other nations investing in blockchain technology.In related news, BIT Mining has expanded its operations by acquiring data centers and Bitcoin mining equipment in Ethiopia, with plans to finalize the expansion by early 2025. The company has also reported significant profits from mining Litecoin and Dogecoin, driven by recent price surges.
BIT Mining Ltd
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altcoin surge dogecoin mining profits triple while lunex challenges ethereum dominance
17:02 20.12.2024
litecoin surpasses dogecoin and cardano in network activity amid market decline
14:13 10.12.2024
Eric Trump advocates for clear crypto regulations to boost US competitiveness
17:03 09.12.2024
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