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A metric providing a window into the profitability of Bitcoin mining is approaching the all-time low it reached after the collapse of Sam Bankman-Fried’s FTX, signaling hard times ahead for miners. The sharp drop in the so-called “hashprice” comes on the heels of Bitcoin’s fourth “halving,” which on April 20 cut in half the reward miners earn for their work ...
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Cboe Global Markets plans to close its cryptocurrency exchange in the third quarter of 2024. Cash-settled Bitcoin and ether futures contracts will move from the Cboe Digital Exchange to the Cboe Futures Exchange in the first half of 2025. According to the press release, John Palmer, the President of Cboe Digital, will head US Derivatives Market Development. ...