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XRP Ledger Sees Over 100% Surge in Transaction Activity Amid Decline in Average Costs
20.5.2024
The XRP Ledger (XRPL) has experienced an increase in transaction activity, with the number of transactions more than doubling from the fourth quarter of 2023 to the end of the first quarter of 2024.
The post XRP Ledger Sees Over 100% Surge in Transaction Activity Amid Decline in Average Costs...
Crypto Funding Picks Up As Bitcoin Bull Run Sparks Fresh Interest
16.2.2024
Crypto’s comeback year is getting even better, as venture capitalists are reentering the funding arena. Breaking a downward trend, VC investment in crypto startups climbed 2.5% to $1.9b in Q4 2023, marking the first such rise since Q2 2022, PitchBook data published Thursday showed. Though still...
Coinbase Shares Surge After Beating Fourth-Quarter Profit Estimates
15.2.2024
MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023
7.2.2024
MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company’s total Bitcoin holdings to 190,000 units. MicroStrategy’s Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated...
Web3 Game Developer Wemade Reports Widening Losses in Q4 2023
6.2.2024
South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6...
Meta’s Reality Labs Reports $4.65 Billion Operating Loss in Q4 2023 as Metaverse Efforts Continue
2.2.2024
Meta subsidiary Reality Labs, which focuses on the development of the metaverse, recorded a significant operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, released on February 1, Meta revealed that Reality Labs reported a loss of $4.65 billion during...
Crypto VC Deals in 2023 Plunged 70% on Funding Constraints
25.1.2024
Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value. That’s a drop from nearly $32b in 2022, which had nearly 90% more deals. Galaxy Digital published a report Wednesday showing venture deal activity in the crypto sector last year. It revealed...
Crypto Assets Under Management Surged 14% as Daily Trading Volumes Recorded 33% Increase in December
4.1.2024
Source: Adobe / Luisa The digital asset market recorded massive highs on several fronts in Q4 2023 as institutional investors tightened their bullish grip on the market in anticipation of a spot Bitcoin (BTC) ETF approval in the United States. A new report released by CCData on the fourth quarter...
100,000 South Koreans Will Start Using CBDC Next Year
24.11.2023
Source: tktktk/Adobe The Bank of Korea (BOK) has announced that 100,000 South Korean citizens will start making “real-world” CBDC transactions next year. The central bank said that the digital won will be tested in the “fourth quarter of the next financial year.” Per the media outlet Newsway,...
As Gold and BTC Rise Key US Equities Index Now Down By Over 10% from July 31 Peak
29.10.2023
The key U.S. equities index the S&P 500 has now declined by just over 10% from its July 31 peak on fears that the U.S. economy is headed for a recession. One expert characterized the index’s drop as the first correction since the market bottomed in the fourth quarter of 2022....
Uptober Begins: Bitcoin’s Rally Sparks $40K Hopes; Yet $20K Threat Lingers
3.10.2023
The price of bitcoin (BTC) has risen 6% over the previous 30 days, pushed higher by factors such as its finite availability and growing investor confidence, according to this week’s Bitfinex Alpha report. Moreover, on October 1, a popular cryptocurrency trader suggested that $40,000 could...
Bloomberg Analysts Boost Spot Bitcoin ETF Approval Odds After Grayscale’s Court Victory
31.8.2023
In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities...
ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock
3.8.2023
According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,”...
Auradine Unveils Teraflux, New Line of US-Crafted Bitcoin Mining Rigs Providing Up to 270 TH/s
27.7.2023
According to a press release published July 25, 2023, Auradine, a new competitor in the blockchain infrastructure sector, is entering the application-specific integrated circuit (ASIC) bitcoin mining industry with a line of bitcoin mining rigs known as the Teraflux series. Auradine’s...
Macro Strategist David Hunter Predicts Global Markets’ ‘Melt Up’ Surge in Q4 2023, Followed by Impending ‘Bust’
23.6.2023
David Hunter, the chief macro strategist at Contrarian Macro Advisors, predicts an interesting development for global markets in the fourth quarter of 2023. According to him, global markets will experience a remarkable surge, aptly described as a “melt up.” However, this surge will...
Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise
21.3.2023
Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set and missed for 2022
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division
4.2.2023
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of...
MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know
3.2.2023
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.
The net loss for MicroStrategy for the fourth quarter ended up at $249.7m, with the number dragged down...
Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
26.1.2023
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc....
Tesla Did Not Buy or Sell Any Bitcoin in the Fourth Quarter
25.1.2023
The company reported $34 million in impairment charges to its bitcoin holdings, however