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Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have on inflation
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Bitcoin miners are still generating healthy profits, despite the sharp sell-off in crypto prices and an increase in the network hashrate, Wall Street investment firm D.A. Davidson’s analyst wrote on Tuesday.“Since the late-October peak, hash price ($/TH/day) has fallen from over $0.40 to just $0.22 today yet gross margins remain
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Cryptocurrency derivatives exchange FTX is increasing the margin requirements on its TRUMP and other President 2020 futures contracts.Announced Friday, the exchange said it is upping the initial margin requirement to $0.50, meaning traders must put up that amount to acquire 1 short TRUMP contract. The change comes in on Saturday
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Bitcoin’s hashrate is soaring. Ethereum incubator ConsenSys has signed on to another CBDC pilot. JPMorgan unveiled a revamped interbank transfer blockchain network that could challenge SWIFT.Top shelfLower profitsBitcoin mining profitability is at all-time lows in 2020, spurred in part by new ASIC mining machinery driving up the network’s hashrate. While bitcoin‘s hashrate
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Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable.On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board to the tune of 39 employees laid off. According to Maddie Kennedy,
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