Last week, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, predicted that the company’s income for 2022 will be “50% or less” than that of 2021. COIN hit a new low of $39.65 at the start of trading this Monday. The price has fallen 60% from its all-time high of $98
Reddit’s foray into tokenized avatars has been a ray of light in an otherwise gloomy crypto market. With NFT sales falling and the broader crypto market in disarray. Now, the Polygon-based project has reached a new milestone with more than 5 million collectibles having been minted so far. Furthermore, based
Bybit, another major cryptocurrency exchange, has joined the chorus of its peers calling for more openness in the wake of the FTX disaster. Its Merkle Tree-based proof-of-reserve technology was disclosed to the public on December 12. Through this new endeavor, Bybit’s users will be able to independently check the exchange’s
DUBLIN–(BUSINESS WIRE)–The “Indonesia NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to ResearchAndMarkets.com’s offering. NFT industry in Indonesia is expected to grow by 50.8% on an annual basis to reach US$2367.6
In the face of mounting difficulties, one Arkansas energy company is offering a discounted rate to cryptocurrency miners. Even though the state of Texas already has among of the lowest energy rates in the United States, the Fortune 500 business Entergy, which specializes in delivering electric power to clients in
The biggest cryptocurrency exchange by trading volume, Binance, has replied to a Reuters piece saying the U.S. Department of Justice (DOJ) uncovered solid evidence of breaking U.S. sanctions, namely anti-money laundering laws. Binance has responded to Reuters’ allegations. By saying that their platform is well-protected against any instances of money
Bitmain Purchase Agreement Meaningfully Increases Self-Mining Capabilities by 8,200 miners (+23%) to 44,450 Owned Miners with an Expected Hash Rate Capacity of 5.0 EH/s Fully Utilizes Expected 160 MW of Mining Infrastructure Capacity Available in Q1 2023 with Approximately 34,000 Miners at Lake Mariner and 15,000 Miners at Nautilus Cryptomine
The debate upon the stablecoins has been the most anticipated topic for the year 2022. Most people know very well that the crypto industry is indeed an extremely volatile industry along with extreme insecurities, being the situation in recent times desperately. The stable coins were always said to be a
VICTORIA, Seychelles–(BUSINESS WIRE)–Global leading audit firm Mazars has released a report about KuCoin’s Proof-of-Reserves to determine the total collateralization ratio of their asset holdings. The report prepared by Mazars concluded that KuCoin’s BTC, ETH, USDT and USDC reserves are overcollateralized, which are 101%, 100%, 102% and 101% respectively. Mazars verified
OKCoin Japan, a major exchange in the country and a branch of the global digital asset business OK Group, has announced that it would be listing Shiba Inu (SHIB) three days after first hinting at doing so. OK Group is a leader in blockchain technology development and service provision. OKCoin,
