Bitcoin (BTC) and Ethereum (ETH) are currently following a pattern similar to previous years, during which their prices surged by 500% and 1,000%, respectively, according to the latest research report by Coinbase Research and Glassnode. The observation draws parallels between the ongoing crypto market cycle and the period from 2018 to 2022, characterized by substantial...Read More
Earlier this week, a long wait for the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States ended after the Securities and Exchange Commission (SEC) approved 11 products for listing and trading on several national exchanges. The journey began ten years ago, and there are industry participants who laid the foundation for...Read More
Solana’s native SOL token was one of the best-performing crypto assets in 2023. The developer ecosystem of the Layer 1 network also showed consistent growth during the same period. In the same timeframe, the Solana ecosystem saw a notable increase in developer retention, jumping from 31% to more than 50% within a three-month timeframe. This...Read More
Wintermute – the popular market maker and liquidity provider – witnessed continued growth in all business verticals in 2023 despite the market downturn. In a new report, the platform said that its over-the-counter (OTC) volume surged by over 400% throughout the year as volumes moved off-exchanges. During the first half of 2023, Wintermute’s OTC trading...Read More
The dApp industry experienced unprecedented growth, with DappRadar’s 2023 Industry Report revealing a 124% year-over-year increase in Unique Active Wallets (UAW). The report provides an overview of the dynamic landscape, shedding light on key NFTs, DeFi, and blockchain gaming trends. Blockchain Games Dominate Blockchain-powered games took the lead in dApp activity with a dominance of...Read More
A father-son duo, residents of Maryland, have been sentenced for their involvement in a dark web drug trafficking and Bitcoin money laundering scheme. Joseph Farace, aged 72, was sentenced to 19 months in federal prison on January 8 for aiding his son, Ryan Farace, aged 38, in the laundering of Bitcoin proceeds from illicit drug...Read More
More than 30% of blockchain games announced in 2023 have been reported as discontinued or canceled, as per the data provided by the Big Blockchain Game List. As of January 2024, the list encompasses 911 games, with 334 currently live and 577 still in development. Blockchain Games Face High Discontinuation Rate Out of the cumulative...Read More
In its recent report, the Commodity Futures Trading Commission (CFTC) underscored a fundamental issue within DeFi systems, pointing to the absence of clear lines of responsibility and accountability intentionally overlooked by certain industry structures. The report emphasized the substantial risks that DeFi systems pose to consumers, investors, financial stability, market integrity, and the fight against...Read More
The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion. Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency. When ETH ETF? 2023 will go down...Read More
Stablecoin total value locked (TVL) on the Tron blockchain experienced a slight decline in the early part of the second half of 2023 but ultimately surged to reach record highs of approximately $48 billion. This is according to a recent report by Reflexivity, which revealed that around 94% of this total value belonged to USDT....Read More
While Bitcoin continued to break records throughout 2023, the kiosks providing the option to acquire cryptocurrencies using cash or debit cards have been on a decline. According to Coin ATM Radar, the total count of crypto ATMs worldwide has dwindled from 37,827 on January 1, 2023, to 33,628 on January 1, 2024, marking a noticeable...Read More
The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher...Read More
As phishing scammers continue to evolve and employ more sophisticated tactics to evade security measures, a relatively new form of malware associated with crypto has experienced considerable “success” in the past year. Dubbed, “Wallet Drainers,” Scam Sniffer’s discoveries regarding this new malware demand the complete attention of the industry. Crypto Malware Wars: 2023 According to a...Read More
Several crypto exchanges are taking steps to adhere to recently imposed regulations by the UK government. These regulations require crypto entities to inform users about the risks associated with trading digital assets and to promote their services responsibly. These measures have been implemented as part of the Financial Services and Markets Act in the UK,...Read More
In the early hours of January 5, an intriguing Bitcoin transaction linked to Satoshi Nakamoto’s wallet stirred conversations in the community. An unknown user sent 26.9 BTC, valued at $1.17 million, to the Genesis wallet, the very first one ever created on the Bitcoin network. This transaction has sparked curiosity and speculation within the crypto...Read More
Optimism over a Bitcoin ETF may not be as prevalent in mainstream financial circles as within the online crypto community, according to new survey results published by Bitwise. The crypto index fund provider – which itself is awaiting approval for its Bitcoin ETF application – said that only 39% of surveyed investment advisors believe an...Read More
The Digital Currency Group (DCG) has announced completing a payoff of all short-term loans from its bankrupt subsidiary Genesis, according to its official announcement on January 6th. Over the past year, DCG has paid off more than $1 billion of debt to various creditors. The venture capital giant directed nearly $700 million towards Genesis, thereby...Read More
Bitget – the Seychelles-based crypto derivatives exchange – has significantly expanded its team, growing from 1,100 to 1,500 employees. A similar trend could be seen with its user base increase from 8 million to 20 million. According to an open letter, Gracy Chen, Bitget’s Managing Director, revealed that the the support team played a crucial...Read More
CertiK’s latest report reveals a noteworthy decline in cryptocurrency security incidents in 2023. Total losses came down to $1.84 billion across 751 events, marking a 51% decrease from 2022. Moreover. each incident averaged $2.45 million in losses, with the top ten contributing $1.11 billion. Interestingly, the blockchain security firm found that the median loss per...Read More
Marathon Digital Holdings achieved its highest monthly Bitcoin mining output ever by successfully mining 1,853 BTC in December. In an update this week, Marathon said it mined 12,852 BTC, worth over $563.4 million, last year, surpassing its mining production from 4,144 BTC in 2022 by more than three times. The Bitcoin miner also raised its...Read More
With Bitcoin (BTC) spot ETF approvals seemingly just days away, applicants are racing to seize investor attention – and cash – ahead of their competitors upon launch. From VanEck to HashDex to Bitwise, here are the commercials being pushed by billion-dollar asset managers to encourage hungry customers to buy Bitcoin. The Bitcoin Ad Campaign One...Read More
Crypto market participants are moving to the sidelines, leading to low activity in the derivatives market as the date for the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin exchange-traded funds (ETF) approaches. According to a weekly report from market intelligence platform CryptoQuant, the decline in derivatives market activity is due to the...Read More
The Securities and Exchange Commission has been in the crypto community’s minds for the past few years, mainly due to the attacks it launched against numerous companies and projects. Now, though, the agency is expected to finally greenlight a spot Bitcoin ETF in the US after a decade of rejecting all proposals. ETF Next Week?...Read More
Bitcoin reached its highest point in almost 21 months, surpassing $45,800, as the ongoing crypto rally extends into 2024. A new report suggests that the flagship asset is set for more gains in the coming weeks, with several catalysts in play. Matrixport’s latest analysis suggests the potential approval of a spot Bitcoin ETF, which could...Read More
Cryptocurrency hedge funds have generated an average return of 44% this year through December 20, marking a rebound from a 52% loss in 2022, ranking as the best among 29 strategies monitored. They have weathered a challenging 2022 and are experiencing a recovery, and many are anticipating a prosperous 2024. Crypto Hedge Funds Recover Pantera...Read More
Despite India’s controversial crypto policy and lack of clarity in several aspects, the country emerges as the top market. According to a new report by crypto exchange CoinDCX, 28 Indian entities became ‘FIU-Registered Reporting Entity.’ India emerged as a global crypto adoption leader, reflecting sustained interest and robust demand for digital assets. India Defies Crypto...Read More
According to an analysis from CoinGecko, the period from 2020 to 2023 has witnessed a surge in crypto airdrops. Led by giants like Uniswap, Apecoin, and dYdX, the top 50 airdrops have distributed $26.6 billion in tokens in that period. Uniswap’s Historic $6.43 Billion Airdrop Uniswap (UNI) led the pack, which made headlines with its...Read More
What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came...Read More
An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors. Are Ripple Use Cases Limited? If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and...Read More
The infrastructure for Web3 game development is experiencing rapid expansion, according to Delphi Digital’s recently published report titled “The Year Ahead for Gaming 2024.” The collective market capitalization of 183 gaming projects has demonstrated relative stability, fluctuating between $4 billion and $7 billion throughout the year. This range is notably 86% lower than the peak...Read More
