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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms
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The company did not reveal what price it sold its bitcoin for in the second quarter but a rough calculation shows it sold for an average price of around $29,000 per bitcoin, helping it avoid a much more substantial impairment charge, since bitcoin ended the second quarter at a price
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The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world.According to a Friday announcement and information shared with Cryptox, Ukraine’s Ministry of Culture and Information Policy said the government-supported Meta History Museum of War platform, aimed
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A drop in bitcoin prices came as electric carmaker Tesla said in an earnings report on Wednesday that it sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter. CEO Elon Musk cited “the uncertainty of the COVID lockdowns in China” as a crucial reason
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Of that early success, sales volume of 1,200 ETH (around $1.7 million) has been from the project MetaBoy, the marketplace’s top collection since the launch. On its opening day, the marketplace had trading volume of 1,831 ETH (around $2.7 million), with daily sales steadily declining since then. Original Source
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Starting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the coins can be traded and used as “security for loans and credit
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Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges. Yet, the bear market hasn’t negatively impacted all players in
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Core Scientific’s operations produced 1,106 bitcoins in June, about 36.9 bitcoins a day, slightly higher than in May. Bitcoin production was helped by server deployments in June, but production advances were limited by a “substantial increase in curtailment activity,” Core said in its update. Daily production rose by about 14%
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In times of market upheaval and a falling bitcoin price, margins compress across the board, and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing environment for the mining industry has “shifted materially” since late last year,
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