Goga

@gogaja

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Second-quarter data reveals that the average cash cost of producing a single Bitcoin among publicly traded mining companies has reached $49,500. When accounting for depreciation and stock compensation, this cost increases to an average of $96,100. To address these rising expenses, many mining companies are diversifying their income by expanding into AI-related ventures

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Cryptocurrency venture funds are experiencing a peak in fundraising, having raised $500 million in the past few weeks.

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Vana is a new blockchain project that focuses on user-owned private data. Recently, it announced raising $25 million through its Strategic, Series A, and Seed investment rounds, backed by Coinbase Ventures, Paradigm Capital, Polychain Capital, DeFiance Capital, GSR, and others. Currently, Vana offers an app called Vana Data Hero, where users can farm VANA points.

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Compass Coffee, an American coffee company, has successfully completed an international purchase of Salvadoran coffee using Bitcoin. This deal followed discussions held between the Salvadoran Ministry of Foreign Affairs and Compass Coffee in 2022. In addition, Compass Coffee will enable buyers to tip producers directly via their Bitcoin wallets.

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CEO of Eclipse Labs announced that they plan to launch the mainnet in October.

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Monerium has issued the first (https://x.com/noble_xyz/status/1836391529004355932) EU-regulated stablecoin on the Cosmos blockchain, named "EURe." This development marks a significant step in expanding regulated digital currencies within the Cosmos ecosystem.

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Binance clarified that the WazirX platform, operated by Zanmai, was hacked, leading to a loss of $235. WazirX has since been unable to fulfill customer withdrawal requests. Binance also refuted rumors that it is responsible for WazirX's creditors, explaining that a proposed acquisition deal between the two companies was never finalized.

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At the launch event for his World Liberty Financial crypto platform, former U.S. President Donald Trump stated that he believes U.S. crypto developers currently under investigation by the SEC "will be living in hell" if he is not re-elected in the upcoming November election.

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The DeFi protocol DeltaPrime has been hacked resulting in a loss of $7 million.

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However, if you're still interested in adding #Solana to #MetaMask despite the challenges, there are ways to do it. Follow some simple steps in this article to make it happen now👇 https://coinwire.com/how-to-add-solana-to-metamask/

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In the latest update on the U.S. SEC's lawsuit against Binance, the SEC has classified additional tokens — Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), and Decentraland (MANA) — as unregistered securities.

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CryptoPunk #2386, which previously had a highest offer of 600 ETH ($1.5 million), was purchased for just 10 ETH ($23,000). The buyer used a smart contract from the now-defunct Niftex platform and successfully activated the buyout feature.

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Nubank, the largest digital bank in Latin America, announced (https://portaldobitcoin.uol.com.br/nubank-anuncia-fim-das-negociacoes-da-nucoin-de-forma-imediata/) that it will discontinue its operations with its native cryptocurrency, Nucoin. Customers holding at least R$100 in Nucoins will be able to convert them into Bitcoin or USDC, as reported by Portal do Bitcoin.

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a16z Crypto revealed the 21 startups joining its Crypto Startup Accelerator (CSX) Fall 2024 cohort. The list includes Anera Labs, Banyan, Blocksense, Cork Protocol, Fermah, Future Primitive, MeshMap, Term Labs, and zkSpin. Each selected company will receive a minimum investment of $500,000 from a16z CSX.

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Tether reported that it has assisted 145 law enforcement agencies in recovering over $108.8 million in USDT tied to illicit activities since its launch in 2014. Tether has also "voluntarily blocked" more than 1,900 cryptocurrency wallets globally that were linked to criminal activity. The company stated, "We unequivocally condemn the misuse of USDT or any cryptocurrency for criminal activities."

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The TON Foundation has allocated an additional $24 million to support the development of DeFi projects within the TON ecosystem.

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Binance will launch (https://www.binance.com/en/support/announcement/binance-futures-will-launch-dogsusd-coin-m-perpetual-contract-with-up-to-20x-leverage-13f1544b6ee84b0baa9a6d94fba1d024?hl=en) DOGS/USD futures (with 20x leverage) on September 10.

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Mino Games, a gaming company, has announced that its independent card game Dimensionals will fully transition from Web3 to Web2, dropping its previous use of blockchain technology and NFT integration. This decision comes after the project faced significant challenges, including bot fraud, DDoS attacks, and shifts in the NFT market, all of which contributed to a steep decline in revenue. Since its inception, Mino Games has raised over $35 million from prominent venture capital firms, including a16z, SYBO Games, Y Combinator, and Standard Crypto.

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The share of Bitcoin mining in global electricity consumption currently stands at 0.16%. This demonstrates that the myths portraying mining as a "black hole of energy," where supposedly a lot is consumed to produce very little, are nothing more than FUD.

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A U.S. federal court has thrown out a lawsuit against Elon Musk and Tesla, which accused them of misleading investors by artificially boosting the value of Dogecoin and participating in insider trading, resulting in billions of dollars in losses. Manhattan District Judge Alvin Hellerstein determined that Musk's tweets and comments could not be used as grounds for securities fraud.

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