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AI unlikely to destroy jobs, but cost to certain workers may be 'brutal' — UN study
22.8.2023
A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others
Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds
21.8.2023
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...
Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts
19.8.2023
One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away From BNB Smart Chain in Strategy Re-evaluation...
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...
Street Fighter 6's Four TMNT Costumes Cost Almost As Much As The Game
8.8.2023
I love a video game crossover as much as the next person, and fighting games are a perfect platform for absurd matchups. Unfortunately, at $15 each, the price of new Leonardo, Raphael, Michelangelo, and Donatello costumes in Street Fighter 6 is giving a lot of players sticker shock.Read more
Crypto Exchange Coinbase Narrows Losses Thanks to Cost Reduction Strategy
4.8.2023
Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.
Coinbase’s loss for the quarter came in at $97 million, down from $1.1 billion a year before, the firm’s...
Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny
4.8.2023
The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say
Bitcoin, Ethereum Technical Analysis: BTC Surges Towards $30,000, Following Latest Microstrategy Filing
2.8.2023
Bitcoin moved towards the $30,000 level on Aug. 2, as markets reacted to the latest filings by Michael Saylor’s Microstrategy. In the second quarter the company reportedly added 12,333 BTC at a cost of $361.4 million. Ethereum jumped back above a key price floor of $1,850. Bitcoin Bitcoin...
Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023
31.7.2023
Some $52 million of assets were siphoned from Curve Finance just this weekend
Worldcoin’s Launch Propels Optimism to Record-Breaking Daily Transaction Volume
28.7.2023
With the recent launch of Worldcoin’s token, worldcoin (WLD), Optimism has experienced a surge in daily transactions, reaching an all-time high on July 27. Data reveals that 944,000 Optimism transactions were processed on Thursday, with WLD transfers closing in on 1 million. WLD Token Arrival...
Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop
23.7.2023
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal...
First Mover Americas: ProShares Dismisses Concerns Over Cost of Tracking Futures
21.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
ProShares Says Bitcoin ETF Has Matched BTC Price Closely, 'Roll Cost' Concerns Are Unwarranted
21.7.2023
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low tracking error, the firm said
Lost keys have already cost billions of dollars, many more at risk — Polygon exec
17.7.2023
Polygon’s Mudit Gupta said that despite moving fast in theoretical security, the crypto space is “so far behind” when it comes to practical security
A no-fail trade? Bitcoin traders who dollar cost average are profitable
10.7.2023
Investors who have dollar-cost-averaged into Bitcoin over time are profitable regardless of when they began implementing the strategy
Polygon spinoff launches testnet bridge to allow for low-cost layer-2s
7.7.2023
Avail launched a bridge to transmit data availability attestations to Ethereum, potentially allowing for lower fees on some L2s
Buckle up, Reddit: Closed APIs cost more than you’d expect
6.7.2023
Open APIs are vital for healthy communities on social platforms. With Web2 companies beginning to reject that principle, Web3 could be poised to supplant them
Bitcoin Ordinals Launchpad Introduces BRC-69 Standard, Promising 90% Cost Reduction
5.7.2023
Luminex, a launchpad platform for Bitcoin Ordinals, has proposed a new BRC-69 standard which promises a staggering reduction of more than 90% on inscription costs.
Ordinal inscriptions are digital assets similar to NFTs, inscribed on a Satoshi, the lowest denomination of a Bitcoin (BTC). Bitcoin...
New BRC69 Token Standard Promises 90% Savings for Bitcoin’s Ordinal Inscriptions
5.7.2023
While Ordinal inscriptions continue to rise, nearing the 15 million range, a new token standard was revealed on July 3 called BRC69. According to the creators of the concept, it can reduce the costs of inscriptions for Ordinal collections by over 90%. The launchpad Luminex, which announced...