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Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months


In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity...

Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary


Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2)...

Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks


Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid...

Indonesian Government Blocks Steam, Epic & Nintendo For 270 Million People


Over the weekend the Indonesian government began the task of blocking any website or service that had failed to register as part of new “internet control” laws. That ended up being a lot, including everything from Steam to the Epic Games Store to Nintendo Online to EA and Ubisoft’s platforms.Read...

Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced


According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC)....

Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets


With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest...

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