Second-quarter data reveals that the average cash cost of producing a single Bitcoin among publicly traded mining companies has reached $49,500. When accounting for depreciation and stock compensation, this cost increases to an average of $96,100. To address these rising expenses, many mining companies are diversifying their income by expanding into AI-related ventures
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Cryptocurrency venture funds are experiencing a peak in fundraising, having raised $500 million in the past few weeks.
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Vana is a new blockchain project that focuses on user-owned private data. Recently, it announced raising $25 million through its Strategic, Series A, and Seed investment rounds, backed by Coinbase Ventures, Paradigm Capital, Polychain Capital, DeFiance Capital, GSR, and others. Currently, Vana offers an app called Vana Data Hero, where users can farm VANA points.
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