Crypto News
First Mover Americas: BoJ Comments Offer Relief to Crypto
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source link
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others haveSource link
Ethereum ETFs Took in More ETH Yesterday Than on Their Debut—But Not More Cash
Ethereum ETFs took in more ETH yesterday than on their debut—but not more dollars, thanks to the price still rebounding from Monday's crash.Source link
Jump Trading Allegedly Moves $29M in ETH as Ether Tops $2.5K
According to a blockchain data tracking service, Jump Trading has moved large amounts of ether to an address previously used to deposit coins to centralized exchanges.Source link
Satoshi Era Bitcoin Miner Moves $14 Million BTC to New Wallets
The transfer coincides with what CryptoQuant founder and CEO Ki Young Ju has said is an accumulation phrase for Bitcoin after its Monday crash.Source link