Search
Bitcoin miner Riot Platforms trims Q2 loss to $27.7M
10.8.2023
The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production
Analyst Discusses US-BRICS Power Shift — Warns of Dollar Dominance Ending
9.8.2023
A think tank analyst says the U.S. dollar’s dominance may be coming to an end as countries position themselves for a new international system. “As the reliance on U.S. dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike...
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...
Polkadot’s loss, DigiToads’s gain: Shifting investor sentiments stir the crypto market
5.8.2023
In recent weeks, the market has witnessed massive surges and corresponding dips in the price of many cryptocurrencies. Some investors are actively accumulating new tokens through the presales, while others remain concerned with the downfall of their investment. As per the recent market stats,...
Crypto Assets Held in Self-Custody Wallets Have ‘a Non-Zero Chance’ of Getting Stolen — Fairside Network CEO
4.8.2023
According to Brandon Brown, the co-founder and CEO of Fairside Network, self-custody crypto wallets generally lack inbuilt insurance coverage to protect against theft or loss. Brown attributes this to the challenges encountered when assessing digital asset risks as well as “the absence...
Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 LTC; Miners Face Revenue Loss as Prices Dip 4%
2.8.2023
The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market data reveals LTC has declined over 4% in the past 24 hours....
Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013
2.8.2023
A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework
Cato Institute Experts: Dollarization ‘Protects Ordinary People’s Purchasing Power’
31.7.2023
According to Cato Institute experts, full dollarization of the Argentine economy helps to protect “ordinary people’s purchasing power” from corrupt politicians and “often subservient—or simply incompetent—central bankers.” The experts said the loss of seigniorage should...
Conic suffers two devastating attacks resulting in a loss of $4.2M in funds
27.7.2023
Conic Finance, a promising Layer 1 blockchain known for its “Play to Own” principle, has been hit by two severe attacks that have shaken the decentralized finance (DeFi) community. As a result of the first exploit, $3.3 million was drained from the ETH pool, and the second attack forced...
Meta Q2 earnings: Reality Labs losses top $7.7B year to date
27.7.2023
Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022
Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
26.7.2023
As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD)...
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
24.7.2023
In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once...
Biggest Movers: TRX Surges to 20-Month High on Saturday
22.7.2023
Tron was one of the notable movers on Saturday, as the token broke out of a key resistance level to start the weekend. The move came as the global crypto market cap mostly consolidated during Saturday’s session. Stellar was another exception, as the token rebounded from yesterday’s...
Crypto Turmoil: Market Slump, Heavy Liquidations, and Unexpected Gainers
18.7.2023
In a volatile twist, the cryptocurrency market experienced a 0.82% decrease in value within the last day, descending to $1.2 trillion. This transpired as bitcoin (BTC) faced unstable conditions, dropping below the crucial $30K mark on Tuesday. Crypto Market in Flux Throughout this chaotic 24-hour...
AI Eye: AI content cannibalization problem, Threads a loss leader for AI data?
17.7.2023
The reason AIs will always need humans, religous chatbots urge death to infidels, and is Threads’ real purpose to generate AI training data?
BTC traders brace for $30K loss — 5 things to know in Bitcoin this week
17.7.2023
BTC price performance is getting market participants worried in the short term, but the signs of wider Bitcoin accumulation are there
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
Bitcoin's Price Bump to $30K Sees Short Traders Nurse Biggest Loss in 2 Months
22.6.2023
“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” one investor said
Gold to $2,100 — Investment Management Firm Says Gold to Be Key Instrument in New Financial Order
21.6.2023
Central banks, particularly those in emerging economies, are ramping up their gold reserves in preparation for a new monetary regime, signaling a potential loss of reserve currency status for the U.S. dollar, according to the investment management firm Goehring & Rozencwajg. The company’s...
Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
8.6.2023
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.
The loss came despite Binance.US receiving some $132 million last year from its parent company...