Notes released by strategists yesterday show that there has been a significant drop in the cost of production of bitcoin by bitcoin miners. It has dropped from about $24,000 to around $13,000 since the beginning of June.
Author: joyabia
joyabia
Joy Abia contributed to Blockchain Journal during 2022, covering topics related to finance, digital assets, and the intersection between traditional financial systems and emerging fintech models. Her reporting focused on explaining financial concepts, market structures, and investment-related developments within the broader crypto and blockchain landscape.
The U.S. Consumer Price Index figure for June has been released, and it surpasses the predicted rate. It reached a four-decade high last month, and the effect is being felt by the crypto market as bitcoin crumbles.
After having invested a lot of money into support of web3 and decentralized finance projects in the past, Multicoin Capital, the crypto investment firm, announces that it has set aside an additional $430 million fund to invest in the industry’s growth.
The most popular cryptocurrency, Bitcoin, is doing well right now, and so is the rest of the crypto market. At this time, the 200-week moving average is the key concern. Many analysts have expressed their opinions on Twitter.
The Sandbox and LOTTE WORLD collaborate to bring a variety of content to the virtual world and create international NFT games using LOTTE WORLD’s content IP rights.
According to Michael Moro, CEO of Genesis Global Trading, Three Arrows Capital was the significant counterparty that missed a significant margin call in June, necessitating the liquidation of the associated collateral.
It has been confirmed that Elon Musk’s Boring Company will start accepting dogecoin payments for rides on its Las Vegas transit system loop. The famous tech billionaire has confirmed that this move is to support the cryptocurrency, Dogecoin.
Voyager Digital Ltd., voluntarily files for chapter 11 bankruptcy protection to implement restructuring to maximize benefits for its stakeholders. The step towards reorganization will help restore access to accounts for customers.
A hacker gains access to one billion records of Chinese citizens’ data and attempts to sell it on the dark web. A Chinese government developer might be responsible for the data leak by mistakenly including it in a tech blog posted on the China Software Developer Network (CSDN).
Recent reports claim that Jed McCaleb, the former chief technology officer (CTO) of Ripple, currently holds only 45 million XRP and that his daily XRP sales will run out in nine days.