The estimation of Bitcoin’s production costs has recently been under scrutiny following adjustments by JPMorgan. The revised production cost now stands at $18,000, down from the previous estimate of $21,000. This change is attributed to the updated methodology by the Cambridge Bitcoin Electricity Consumption Index (CBECI), showcasing the interconnectedness between financial analysis and industry metrics.
Tamadoge, a web3 games platform, has recently introduced an exciting burn program aimed at enhancing the scarcity and value of its native token, $TAMA. This comprehensive strategy focuses on reducing the circulating supply of $TAMA and includes various methods such as Mega Burns, Community Burns, and Platform Revenue Burns. Through this program, Tamadoge aims to
Former co-CEO of FTX Digital Market, Ryan Dalame, is reportedly planning to plead guilty to criminal charges related to the collapse of the exchange in November. This plea deal comes after lengthy negotiations with prosecutors and is expected to take place on September 7 at a Manhattan Federal Court. Ryan Dalame’s Role and the Plea
Since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, the popular crypto exchange, on June 6, Coinbase’s top executives have sold more than $30 million worth of company shares. These sales, led by co-founder and CEO Brian Armstrong, have raised eyebrows within the crypto community, with some speculating on the timing
Cryptocurrencies like Bitcoin and stablecoins have experienced rapid growth in recent years, raising concerns about their impact on financial stability and integrity. To address these risks, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a comprehensive report commissioned by G20 under India’s leadership. The report synthesizes policy recommendations and outlines
A recent survey conducted by the newspaper Segye Ilbo, in collaboration with the research firm Embrain, has shed light on the South Korean population’s perception of cryptocurrencies. The survey found that a staggering 80% of citizens consider crypto investments to be a form of “gambling.” This perception is primarily driven by the lack of real-world
In an effort to comply with the Monetary Authority of Singapore (MAS) regulations, Coinbase Singapore has implemented new requirements for users initiating cryptocurrency deposits or withdrawals. Effective September 5th, users are now required to provide additional counterparty information. This article will explore the reasons behind these measures and the potential impact on users. Why the
In the world of trading, accurately predicting asset prices can make all the difference between financial success and failure. However, for many traders, this task proves to be incredibly challenging. Recognizing the need for a solution, yPredict is developing a groundbreaking platform that combines artificial intelligence with financial expertise to assist traders in making informed
Bitcoin price has settled within a consolidation phase above the $25,650 and $25,500 support levels. As BTC trades below $26,000 and the 100 hourly Simple Moving Average, the next move is crucial for determining its short-term trend. Bitcoin is currently trading within a defined range above the $25,650 support zone. However, it is struggling to
Coinbase, one of the leading cryptocurrency exchanges, is making waves in the industry with its plans to launch an institutional lending service. According to regulatory filings and statements from the company, Coinbase is creating a digital asset lending program specifically designed for its institutional Prime clients. This new service will allow institutions to lend their
