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4 key takeaways from KPMG Pulse of Fintech Report
8.2.2022
New Pulse of Fintech report by KPMG revealed that over $30 billion in investments flowed into the crypto and blockchain sectors in 2021
Tesla Holding Bitcoin Worth $2 Billion — Sees Crypto as Both Investment and Liquid Alternative to Cash
8.2.2022
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash....
Global crypto adoption could 'soon hit a hyper-inflection point': Wells Fargo report
7.2.2022
The firm's global investment strategy team said it wasn't too early to invest in crypto, but clearing regulatory roadblocks would likely create "higher quality investment options" in the future
State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report
7.2.2022
A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco...
Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs
7.2.2022
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price...
Crypto Users and Exchanges Must Now Report Transactions in Colombia
6.2.2022
The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue...
England’s Manchester United Set to Unveil Tezos Blockchain Shirt Sponsorship, Report
6.2.2022
Tezos blockchain has reportedly agreed to a training kit sponsorship with Manchester United in a deal that will see the latter receive over $27 million per year. This deal adds to Tezos’ growing list of sports teams it has sponsored since May 2021. Tezos’ Investment in Sports The most...
Chainalysis report finds most NFT wash traders unprofitable
6.2.2022
Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
6.2.2022
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges...
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
6.2.2022
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies...
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
6.2.2022
Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further...
Report: Google Quietly Ditching Stadia
5.2.2022
Bad news for all the Stadians out there: A new report claims that Google is looking to salvage its Stadia streaming service by moving away from focusing on video games and instead, looking to make deals with companies like Peleton instead of trying to bring in big games from studios like Rockstar...
Myanmar’s military government considers launching digital currency: report
4.2.2022
Major General Zaw Min Tun of the country's military forces said rolling out a digital currency would "help improve financial activities in Myanmar."
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
4.2.2022
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply...
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
4.2.2022
On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said...
Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit
3.2.2022
PRESS RELEASE. ESTONIA — 03 FEBRUARY 2022 — Yield App, a FinTech company and digital asset wealth management platform, has published its 2021 Q4 report, showing the firm continuing on a strong growth trajectory that saw its managed assets grow by 40% from Q3 to reach $475 million....
North America to lead growth in blockchain market, new report says
3.2.2022
Blockchain market size is expected to reach $104.19 billion by 2028, exhibiting at a CAGR of 55.8% across the forecast period as per the report
Report crowns Solana for using least energy per transaction, but there's a catch
3.2.2022
Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols
Crypto donations jumped nearly 16x in 2021, new report says
3.2.2022
The average crypto donation size was $10,455, 82x more than an average $128 cash donation
Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report
3.2.2022
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency...