A market sizing analysis from crypto exchange Crypto.com states that by the end of 2023, more than half a billion individuals have become users or owners of cryptocurrencies. From 432 million in 2022 to 580 million in 2023, the number of crypto users worldwide jumped 34%, according to the company’s
January 22, 2024 1 min read
The co-founder of BitMEX, Arthur Hayes, recently predicted that Bitcoin prices would go under $40,000 in a fresh forecast made on Monday. The approaching US Treasury quarterly refunding statement and a long-term projection of $5,000 for Ethereum (ETH) and $200 for Solana (SOL) have both contributed to the shift in
January 22, 2024 2 mins read
With a new record set in January, the amount of stablecoin transfers on the layer-1 Solana blockchain has been constantly increasing. For Solana, the stablecoin transfer volume surpassed $300 billion in January, according to blockchain analytics company Artemis. The amount of Solana stablecoin transfers for December 2023 was $297 billion,
January 21, 2024 1 min read
A distinct account for the impending payments function has been established by Elon Musk’s “everything app” X (previously Twitter), leading the crypto community to speculate about the prospective application of cryptocurrencies. Many are waiting for the X app to launch its in-app payment features by the middle of 2024. The
January 21, 2024 1 min read
The $8.6 trillion asset management behemoth Vanguard Group Inc. has taken a conservative stance on the crypto market, especially in the wake of the U.S launch of a spot Bitcoin ETF. “Avoid Bitcoin like the plague,” reportedly cautioned renowned investor Jack Bogle in 2017. Sticking to the cautious investment strategy
January 21, 2024 2 mins read
Since spot BTC ETFs were introduced in the US, one analyst has seen an uptick in bitcoin exchange-traded fund outflows from Europe. This change in the market, according to CoinShares Research Associate Luke Nolan, exemplifies a pattern in which American institutional traders are presumably shifting their focus to the newly
January 20, 2024 2 mins read
An independent examiner was ordered to be appointed by the court presiding over the bankruptcy of FTX crypto exchange by the United States Court of Appeals for the Third Circuit, months after the initial filing. Ruling of Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware
January 20, 2024 1 min read
The volume of NFT trades in 2023 was almost half of what it had been in 2022. The figure dropped from $26.3 billion to $11.8 billion, as reported by CoinGecko. Crypto investors have mostly ignored NFTs in the last two years after the meteoric rise in value of blue chip
January 19, 2024 1 min read
According to the Bitcoin ESG Forecast, sustainable energy-powered Bitcoin mining hit a new record high of 54.5% in 2023, with sustainable mining as a whole increasing by 3.6%. By comparing Bitcoin’s sustainable energy mix to other businesses over the last four years using publicly accessible data, The Bitcoin ESG Forecast
January 19, 2024 1 min read
Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC. In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a
January 18, 2024 1 min read
