Argo Blockchain plc, a major global cryptocurrency mining firm, announced Thursday an update of its business operations for June 2022. Argo said it mined 179 Bitcoins in June compared to 124 BTC in Ma...
Tag: costs
rising costs are squeezing retailers’ margins
Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retail...
U.S. credit unions association says CBDCs are not worth the costs
As the United States explores the possibility of rolling out a central bank digital currency (CBDC), a leading trade organisation has opposed the idea. In a letter to the U.S. Commerce Department on ...
Core Scientific Sells Massive 7202 Bitcoins in June 2022 to Cover Operational Costs
Bitcoin mining giant Core Scientific has to sell more than 85% of its BTC holdings last month to repay other scheduled debts and cover operational costs. The brutal correction in the crypto market has...
Bitstamp Charges Inactive Fee to Make Up for Costs
Inactive users of the cryptocurrency exchange Bitstamp platform will have to pay a fee to make up for costs, according to a report from The Block. Bitstamp is taking this action as the crypto market i...
Luxury car buyers pay more than ever as prices and loan costs rise
If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights...
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
WASHINGTON—The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average home prices are at an all-time high. Pre...
Surging Fuel Costs Are Causing Demand Destruction, Says Vitol
(Bloomberg) — The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Most Read from Bloomberg Consumers are being hit by th...
Transaction Costs On Arbitrum Exceed Ethereum Fees
Transaction costs on Arbitrum exceeded those on the Ethereum Mainnet earlier this week. With the cost of swapping tokens rising above $6 on Arbitrum this Wednesday, the Ethereum network became a comp...
Cardano launches new wallet feature to lower transaction costs
Typhon wallet on the Cardano wallet has received an upgrade that will support transactions on multiple addresses. This shows that users will now have a chance to send with ADA or any other supported c...
Rising costs take shine off strong revenue growth at Wise
Payments app Wise reported strong revenue growth and said it was “business as usual” a day after the group revealed its chief executive was under investigation by the UK financial watchdog. Rising tra...
$100 USDC on Ethereum Now Costs Almost $300 USDC on Harmony, But There’s Catch
Following Harmony’s Horizon bridge $100 million hack, the exchange rates on Ethereum mainnet and the bridge were rigged, offering some users to triple their USDC holdings with a simple exchange....
In June, The Average New Car Or Truck Costs Nearly $6,000 More Than A Year Ago
Many auto dealership lots are looking empty these days, due to a shortage of computer chips. In … [+] turn, high demand and low supply are driving record-high prices. Getty Images U.S. auto sale...
How to Protect Assets From Nursing Home Costs
SmartAsset: How to Protect Assets From Nursing Home Costs Nursing home costs can take a real bite out of your assets without proper planning. Although protecting your assets can be complicated, itR...
Electric vehicle raw material costs doubled during pandemic
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Dav...
Amid recalls, Ford says costs to build Mustang Mach-E are skyrocketing
Ford Motor is preparing for an economic downturn, despite steady consumer demand for new vehicles, according to the automaker’s chief financial officer. Even though Ford has seen record profits ...
Travel costs are up but travelers aren’t canceling their plans yet
Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which c...
I’ve Stayed Away From Bitcoin at All Costs – Featured Bitcoin News
The billionaire founder and chairman of Equity Group Investments, Sam Zell, says he is staying away from bitcoin at all costs. He explained that he does not understand the cryptocurrency and believes ...
Ford’s Mustang Mach-E Profit Wiped Out by Commodity Costs
(Bloomberg) — Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs. Most Read from Bloomberg “We actuall...
OpenSea Prefers Moving to Seaport Protocol to Lower Transaction Costs
OpenSea said that the shift will save users about $460 million in transaction gas costs every year. Besides, the Seaport protocol also provides OpenSea with greater flexibility to launch new features....
How the Blockchain Optimizes Real-Time Liquidity of Nostro Accounts to Reduce Operational Costs – crypto.news
A Nostro account is a system that allows a bank to hold foreign currency in another bank. For instance, a US bank may hold some Pounds(UK currency) in a UK-based bank. The Ideology That Fuels Nostro ...
My parents-in-law sold their home and bought an RV. They have $200K in the bank. How can they protect their assets from being used for nursing-home costs?
My father-in-law has health issues. While he is not quite ready for a nursing home, that may be a necessity in the near future. He has state retirement benefits and a very small Social Security check....
Bitcoin Miners Sell BTC Holdings Amid Prices Plunge to Cover Energy Costs – crypto.news
Recent reports indicate that Bitcoin miners are selling most of their crypto tokens on exchanges to cover most costs. This comes as inflation rates have been rising throughout the year, perhaps causin...
Historic Rupee Low Forecasts Grow as Oil Costs Widen Deficits
(Bloomberg) — The worst is still to come for the Indian rupee after its slide in May to a historic low, according to analysts and forward markets. Most Read from Bloomberg The currency may drop ...
Airline Pioneer Frank Lorenzo Says JetBlue-Spirit Deal Would Raise Costs. JetBlue Says Consumers Would Win.
Continental Airlines Chairman Frank Lorenzo announced a $75 million hub expansion at Cleveland … [+] Hopkins International Airport in 1986. Bettmann Archive One of the airline industry’s b...
GM slashes prices of Chevy Bolt EVs despite rising commodity costs
2022 BOLT EUV Source: Chevrolet DETROIT – Despite rising commodity costs, General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric veh...
Bed Bath & Beyond is reducing store hours and turning down the air conditioning to cut costs, analysts say
Bed Bath & Beyond Inc. is turning down the air conditioning at its stores in order to save cash, according to Bank of America analysts who conducted channel checks and store visits. Other measures...