BUY/SELL

$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

[ad_1] Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability.The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment.Miner production cost faces off with BTC priceWhile Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious.Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production price —
Business

Yellen doubts crypto’s place in 401(k), says Congress could regulate

[ad_1] The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress. During an event organized by the New York Times in Washington on Thursday, Yellen shared her opinion on the pioneer attempt to include crypto in retirement plans undertaken by Fidelity Investments:“It’s not something that I would recommend to most people who
Business

Number of DAOs increases 8X along with spike in votes and proposals

[ad_1] The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months.Data compiled by Snapshot Labs, shared by Electric Capital Engineer Emre Caliskan in a June 9 tweet, highlighted that DAO numbers have increased by 8.8X, from 700 in May 2021 to 6,000 now. The number of proposals has
Business

Global Bitcoin adoption to hit 10% by 2030: Blockware report

[ad_1] The adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030 according to a new report.In its June 8 report, Blockware Intelligence said it arrived at this forecast by examining historical adoption curves for nine past disruptive technologies, including automobiles, electric power, smartphones, the internet, and social media, along
Business

Mattel inks multi-year deal with Cryptoys NFT marketplace

[ad_1] Major toy brand Mattel has signed a multi-year partnership with forthcoming toy-focused non-fungible token (NFT) marketplace Cryptoys to exclusively feature its brands on the platform.Cryptoys is expected to launch in late summer 2022 on the Flow (FLOW) blockchain and is the flagship product of OnChain Studios which has received funding from crypto-interested venture capital firms such as Andreessen Horowitz (a16z) and Dapper Labs.OnChain Studios also plans to make a