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Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
Hong Kong Web3 Festival 2024: Asia’s Top Crypto Event to Unlock the Future of Web3
24.1.2024
Following the unrivaled success of its record-breaking 2023 event, Hong Kong Web3 Festival is returning for its second edition on the 6-9 of April 2024 in the vibrant and dynamic hub of technology and innovations. Held at Hong Kong Convention and Exhibition Center (HKCEC), one of the world’s...
Near Foundation Cuts Staff by 40%, CEO Says Organization Is in Good Financial Health
13.1.2024
The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing...
Bitcoin Price Prediction: Marathon Digital’s Record Mining Boosts BTC Amid ETF Hopes
5.1.2024
In the dynamic world of cryptocurrencies, Bitcoin stands at a pivotal juncture, trading at $43,631 with a notable increase of 0.96% on Friday. This upswing is partly attributed to Marathon Digital’s record-breaking achievement in December, mining an impressive 1,853 Bitcoins. Amidst...
New Year’s Eve Sees Bitcoin Network Break Daily Transfer Record With Over 731,000 Transactions
1.1.2024
As 2023 drew to a close on New Year’s Eve, the Bitcoin network eclipsed yet another record by verifying a significant 731,351 transactions in a single day. This achievement outstripped the previous high set on Dec. 24, 2023, or Christmas Eve, where miners confirmed a total of 723,459...
Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales
30.12.2023
In November, Bitcoin clinched the leading position in monthly non-fungible token (NFT) sales, and interestingly, this month Bitcoin continued to retain its top status, amassing a total of $853 million in sales. NFT Sales Surge: Bitcoin Holds Top Spot With Unprecedented December Rise Although...
Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners
26.12.2023
Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared...
Richard Teng Says Binance Has Changed Following Record-Breaking Compliance Settlement
5.12.2023
Binance CEO Richard Teng says the company has fundamentally changed following a massive $4.3 billion settlement over compliance issues. Image by Koukichi Takahashi, Adobe Stock. On Tuesday, new Binance CEO Richard Teng stated in an interview with Cointelegraph that Binance is now “totally...
Cryptocurrency Industry Spends Record $18.96 Million in Federal Lobbying So Far in 2023
5.12.2023
Source: AdobeStock The cryptocurrency industry has spent a staggering $18.96 million in federal lobbying in the first three quarters of 2023. The figure surpasses the $16.1 million spent during the same period in 2022, Reuters reported, citing data from nonprofit research group OpenSecrets. ...
Bitcoin User Claims Hack Triggered Record $3M Bitcoin Fee, 139 BTC Lost
27.11.2023
Bitcoin hack drained user’s wallet and forced record $3 million transaction fee payment. Image by Myst, Adobe Stock. A Bitcoin user has come forward claiming they were the victim of a hack that led to the record-breaking $3 million Bitcoin transaction fee paid last week. The anonymous user...
Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives
24.11.2023
On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw and transfer” their funds to a different...
NBA Star Victor Wembanyama NFT Sells for $110,000+ in Record-Breaking Auction
3.11.2023
An NFT trading card based on NBA rookie phenom Victor Wembanyama sold for over $110,000 on Thursday, far surpassing the $67,333 that an individual paid for his physical trading card back in August. The card, released by the officially licensed fantasy basketball game Sorare, went for 61.182 ETH,...
Bitcoin Network Shatters Records With Hashrate Climbing to 464 EH/s
1.11.2023
While the price of Bitcoin has found stability, and the network’s difficulty remains fixed at 62.46 trillion until November 12, 2023, a different story unfolds in the hashrate department. Here, the seven-day average showcases a record-breaking moment for the network on November 1....
Coinshares Report Shows Rising Optimism in Digital Assets Drives Strongest Inflows Since July 2022
31.10.2023
While closing out October, the digital asset market has witnessed a significant rush in optimism, culminating in $326 million in fund inflows, marking the largest single-week gain in one and a half years, according to Coinshares latest digital asset fund flows report. Digital Asset Market Soars...
Staking Crypto Yields Hit Historic Low as Proof of Stake Networks See Rising Stake Rates – What’s Going On?
26.10.2023
As proof of stake networks see a surge in stake rates, a consequent plummet in staking yields is concerning investors and market watchers. According to a third-quarter report from Staked, a subsidiary of the Kraken exchange, the average staking yield for the top 35 stakable cryptocurrencies...
North Korean Hackers Use Russian-Based Exchanges to Launder Stolen Crypto, Report
17.9.2023
Hacking groups linked to North Korea are increasingly using exchanges in Russia to launder crypto, Chainalysis revealed. The shift in their strategy, registered by the blockchain forensics firm, coincides with a drop in the value of the stolen cryptocurrency this year in comparison with...
NFT Sales Jump 6.59%: A Week of Growth, Dominance of Ethereum, and Record-Breaking Collections
12.8.2023
In the past seven days, the non-fungible token (NFT) market has seen a slight rise, recording sales of $106.87 million — an increase of 6.59% from the previous week. Ethereum-based NFTs made a significant contribution, accounting for 56.35% of the total weekly sales, or roughly $60.23...
Creator of Record-Breaking NFT Beeple Purchases First PFP NFT: CryptoPunk #4593
3.8.2023
Beeple, the creator of a $69 million non-fungible token (NFT), has bought his very first profile-picture (PFP) NFT - and it's from one of the world's most popular collections, CryptoPunks.
Mike Winkelmann, known as Beeple, bought CryptoPunk #4593 on Tuesday, August 1, for ETH 113.69 ($208,463)...
Worldcoin’s Launch Propels Optimism to Record-Breaking Daily Transaction Volume
28.7.2023
With the recent launch of Worldcoin’s token, worldcoin (WLD), Optimism has experienced a surge in daily transactions, reaching an all-time high on July 27. Data reveals that 944,000 Optimism transactions were processed on Thursday, with WLD transfers closing in on 1 million. WLD Token Arrival...
Bitcoin ETPs Witness Record-Breaking Monthly Inflows: K33 Research
19.7.2023
Meanwhile ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC