Bitcoin falls to $62,000 amid geopolitical uncertainty
On June 19, the price of the first cryptocurrency dropped to $62,000 — the asset lost about 3% over the day. Ethereum fell below $1700. The correction is happening amid the emergence of yet another uncertainty around the situation in the Middle East. US Vice President JD Vance postponed a trip to Switzerland that had been planned as part of signing an agreement with Iran. In addition…
JPMorgan reports a deterioration in mining economics
The mining economics of the first cryptocurrency have deteriorated this year. Bitcoin has been trading below the cost of production for five months already, The Block writes, citing JPMorgan. The bank's experts estimated the average cost of mining a single coin at $78,000. At the asset's current price, roughly 20% of miners are operating at a loss.
CFTC and SEC to clarify the definition of swaps amid CME's lawsuit against the regulator
The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have issued a joint request for public comment. The regulators want to update and clarify the definitions of a number of derivatives, and this is happening against the backdrop of the CME exchange's lawsuit against the CFTC. The request covers a wide range of topics, including the definitions of "swaps" and "security-based…
Schiff Accuses Saylor of Manipulating Strategy's Shares
Amid the falling share price of Strategy, the largest public corporate holder of bitcoins, economist Peter Schiff accused the company's founder Michael Saylor of deception. The economist claims that investors who bought the shares thanks to Saylor's promotion have every reason to file lawsuits, since…
Cardano governance reform: will Hoskinson's plan save ADA
Charles Hoskinson wants to govern Cardano via Discord, but ADA is holding near its 2020 lows with little price reaction.
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