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Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
El Salvador to Buy Bitcoin Every Day Starting Tomorrow, President Says
18.11.2022
El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day The president of El Salvador, Nayib Bukele...
Australian Securities Exchange Cancels Blockchain-Based Clearing System at $168M Cost
17.11.2022
The Australian Securities Exchange (ASX) has cancelled its much-delayed blockchain replacement to its aged Clearing House Electronic Subregister System (CHESS)
Coinbase Sheds Roughly 60 Jobs as Cost-Cutting Continues Amid Bear Market
10.11.2022
Coinbase called the latest reductions “isolated and targeted.”
Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
9.11.2022
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital...
Bitcoin․com Wallet Integrates Polygon (MATIC) Unlocking Secure Low-Cost Access to Thousands of Decentralized Applications
8.11.2022
Bitcoin.com continues to improve access to high-throughput, low-fee decentralized networks for millions of people by integrating the Polygon network. Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital...
PlayStation VR2 Will Cost Even More Than A PS5
2.11.2022
After a slow drip-feed of teases and details, we now know a ton about Sony’s new PlayStation VR2 headset for the PS5 including its launch lineup, release date, and price point. That last bit will no doubt be the most controversial. Sony revealed on Wednesday that PS VR 2 will cost $550, even more...
Call of Duty’s Burger King Skin Is Getting Sold For Half The Cost Of The Game
28.10.2022
Burger King’s proprietary Call of Duty: Modern Warfare II operator skin, a man with a beautiful mustache and Burger Town t-shirt, is selling on eBay for about half of the full game’s $69.99 asking price. Read more
Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game
28.10.2022
There has been a lot of commotion and complaining about Overwatch 2’s in-game store prices and its lack of free loot boxes. It’s much harder in the recently released shooter sequel to earn credits and unlock new outfits for free compared to the first game. And a new example of just how pricey...
ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations
27.10.2022
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms...
Inflation-pegged 'flatcoin' launches testnet to track the cost of living
25.10.2022
The concept of an inflation-linked "stablecoin" has been trialed before, but time is yet to prove whether it is working as intended
The Art of Trading Without Trading
24.10.2022
Dollar-cost averaging may be better for your crypto portfolio – and your soul – than active trading. This article is part of CoinDesk’s Trading Week
Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt
19.10.2022
According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown.”...
Elon Musk Says Spacex Will Keep Funding Ukraine for Free Even Though Starlink Is Losing Money — $80M Spent so Far
17.10.2022
Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against...
Meta Can’t Wait For You To Use Excel In Its New $1,500 VR Device
11.10.2022
Meta just showed off its latest headset, the Meta Quest Pro. While it’s got real-time expression tracking and mixed reality, it’s also going to set you back $1,499. So who’s buying this tech that costs roughly the price of three current-gen consoles? The answer is *drumrolls* working professionals....
Bitcoin prepares for CPI showdown as BTC price dips below $19K cost basis
11.10.2022
BTC price performance declines in line with U.S. equities ahead of classic volatility engendered by CPI data
NBA 2K23’s In-Game Durags Cost More Than Real Ones, Somehow
11.10.2022
If you’ve played any of the NBA 2K games, chances are you’re no stranger to how the microtransactions serve as swift scuffing on the fresh J’s of your enjoyment of the game. While many wish microtransactions would peace out—much like the Golden State Warriors’ Jordan Poole did after suffering...
Bitcoin eyes 'textbook' bottom as $16K whale cost basis comes into play
10.10.2022
The price paid for “whale coins” is revealed as a potential new bear market bottom zone for BTC
Far Cry 6 GOTY Edition Will Somehow Cost $120 Despite Getting Almost No Awards
6.10.2022
Even by the loose standards of video game marketing, calling Far Cry 6 one of 2021's games of the year was a stretch. But Ubisoft went ahead and did it anyway. It didn’t stop there, either. The French publisher will also be charging $120 for this spruced-up release of its 2021 sequel. That’s...
Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’
27.9.2022
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term...