Author: Kryptonews

The median cost of mining a single Bitcoin is estimated to have climbed above $70,000 in the second quarter as miners navigate a rise in network hashrate and energy prices. According to a report on Monday from Bitcoin mining research firm TheMinerMag, the median cost of producing Bitcoin (BTC) already rose from $52,000 in the last quarter of 2024 to $64,000 in Q1 2025. This is expected to increase by over 9% in Q2.“Direct production costs are expected to surpass $70,000 in the current quarter,” TheMinerMag said in its May/June industry update.The implied cost of Bitcoin production by company. Source: TheMinerMagBitcoin’s…

Navigating the Complex World of Financial PlanningFinancial planning isn’t simply about saving money; it’s a comprehensive process of setting financial goals and creating a roadmap to achieve them. It involves understanding your current financial situation, defining your aspirations, and developing strategies to manage your resources effectively. This includes budgeting, investing, retirement planning, estate planning, and insurance considerations. Regardless of your income level or age, a robust financial plan can empower you to make informed decisions and build a secure financial future.## Understanding Your Financial LandscapeBefore making any significant financial moves, it’s crucial to gain a clear understanding of your current…

Archaeologists have discovered a group of 75 ancient tombs in eastern China, some of them 2,000-years-old from the Han Dynasty. Between April and December 2024, research teams from the Anhui Provincial Institute of Cultural Relics and Archaeology, in cooperation with the Qianshan City Cultural Relics Protection Center and Qianshan City Museum, excavated a total of 75 tombs and 4 kiln sites within the project site, according to a news release published on June 6. The finding has been dubbed the “Hupu Tomb Group” and it is located in Qili Village, Meicheng Town, Qianshan City, Anqing City, Anhui Province, in eastern…

Key NotesZKJ fell from $2 to $0.3772, wiping out over $439 million in market cap.Six whale wallets sold $9.66 million worth of token, sparking mass liquidations.Upcoming June 19 token unlock could put further pressure on the token price. Polyhedra Network’s native token ZKJ suffered a freefall in the late hours of June 15, shedding nearly 80% of its value in just one day. This dump has sent shockwaves through the community and wiped out over $439 million the cryptocurrency’s market capitalization. Before the crash to $0.3772, ZKJ was trading near $2. It was enjoying a comfortable spot in the top…

The Senate’s draft tax bill is set to raise the tax credit for semiconductor manufacturers to 30% for factory investments. This is up from the current 25%.  This change encourages chip manufacturers to invest more in new facilities before the tax benefit runs out at the end of 2026.  It will also boost a subsidy for chipmakers to build factories in the US. Chip makers count on the Senate for the fate of the Chips Act President Joe Biden signed the Chips and Science Act in 2022. This was one of the main pillars of his domestic policy, aiming to…

Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran. Trump has reportedly requested that the National Security Council be prepared in the White House Situation Room as he returned early from the G7 summit in Canada on Monday, Reuters reported. The report comes just hours after Trump took to his social media platform, Truth Social, with a chilling message: “Everyone should immediately evacuate Tehran!”Meanwhile, US Press Secretary Karoline Leavitt confirmed Trump arrived in Canada on Sunday for…

The relationship between Bitcoin and the US dollar is complex and multifaceted, involving aspects of competition, investment flow, and inflation hedging. While Bitcoin is unlikely to completely replace the dollar anytime soon, its growing influence is undeniably impacting the greenback’s value and its standing in the global financial system.## Bitcoin as a Potential Competitor to the DollarHistorically, the US dollar has held the position of the world’s reserve currency, meaning it’s the currency most widely held by central banks and used in international trade. Bitcoin, envisioned by some as a decentralized, borderless alternative to traditional currencies, presents a potential challenge…

Crypto markets pushed higher on Monday as traders have shifted focus from geopolitical anxieties to crypto-related institutional developments ahead of the upcoming Federal Open Market Committee’s meeting.Bitcoin has risen 3.1% in the last 24 hours and is now trading for $108,600, only a couple of thousand dollars below its all-time record. It certainly wasn’t alone in its ascension. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 4.3% in the same period of time, buoyed by strong performances from and chainlink , which both notched 6-7%…

The Brazilian lawmaker Eros Biondini has created a draft bill that proposes doing away with crypto tax, particularly in the case of citizens who hold Bitcoin (BTC) as a long-term store of value. The MP has filed his bill in the Chamber of Deputies, the Portuguese-language media outlet Livecoins reported.Brazilian Crypto Tax: Could Levies Be Scrapped?The bill calls for the removal of the clauses in the tax code that explicitly mention the taxation of cryptoassets.The Brazilian lawmaker Eros Biondini calling for support for his bill on social media. The caption reads: “Fight against the taxation of cryptoassets in Brazil.” (Source:…

Trump Media & Technology Group (TMTG), the company behind the Truth Social platform, has filed to launch a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum.The filing, submitted to the US Securities and Exchange Commission (SEC) on June 16, marks a bold move in the firm’s shift toward digital finance.According to the filing:“The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the prices of bitcoin and ether and, to the extent the Trust engages in Staking (as defined herein), rewards earned from its staked ether.”The proposed ETF will allocate 75% of…