Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumbling crypto prices also equate to diminishing profits for Bitcoin miners and this week’s regulatory action by the United…

Mona Bushnell

Live Mona’s interest in business and finance began at a young age, inspired by reading the now defunct Zillions magazine, a children’s version of Consumer Reports published by Consumers Union. She opened her first checking account at the age of 10 and became passionate about saving. However, after getting her first full-time job, she realized…

USDC whale holdings percentage lowest in almost two years

The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues. Cryptocurrency analytics firm Glassnode has released the latest data on USDC metrics, reflecting a recent sell-off of the second biggest U.S. dollar-backed stablecoin by market capitalization. $USDC Percent…

BendDAO contract now has only 15 ETH left to pay lenders

Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 wETH to pay lenders and an estimated 15,000 Ether (ETH) left to be paid to lenders. Researcher NFTStatistics.eth dissected the issue in a Twitter thread, highlighting that nonfungible token (NFT) borrowers in…

Rachel Morgan Cautero

Live Rachel Morgan Cautero worked as an energy reporter at a daily newspaper during the height of the fracking craze, editor of several luxury lifestyle publications, and even as a reporter and several major publications in New York City. (She even interviewed Melania Trump once, but that’s another story.) Currently, her job is to help…