Bitcoin Silk Road Sales Would Affect Leverage Traders More Than Holders, Analyst Argues

BenzingaJan 9 09:43 ET

The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".

It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.

wallstreetcnJan 7 07:41 ET

Express News | Tencent HK shares open lower at 7% after the U.S. adds Tencent and others to the list of Chinese firms allegedly aiding Beijing's Military. Its ADR dropped significantly in U.S. market trading.

Moomoo 24/7Jan 6 20:43 ET

U.S. stock market closing: the three major Indexes had mixed results, with the Technology conference CES boosting chip stocks higher.

① Nasdaq China Golden Dragon Index closed down 1.16%, most China Concept Stocks fell, Tencent ADR dropped nearly 8%; ② MicroStrategy has purchased Bitcoin for nine consecutive weeks; ③ Trump denies plans to reduce the applicability of tariffs; ④ Qualcomm announces the launch of the new AI chip Snapdragon X.

cls.cnJan 6 17:19 ET

Express News | Shares of Tencent Set to Open Down 7.03% After U.S. Adds Tencent and Others to List of Chinese Firms Allegedly Aiding Beijing's Military

ReutersJan 6 10:10 ET

Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket

Moomoo 24/7Jan 6 06:48 ET