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Record $1.1 Trillion in Crypto Exchange Volume Driven by Spot Bitcoin ETF Anticipation
3.1.2024
Source: Adobe The monthly spot trading volume on crypto exchanges exceeded $1 trillion in December 2023, marking the first time this significant volume level has been surpassed in over a year. According to data from compiled by The Block, the total exchange volume for the month reached a whopping...
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...
Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline
31.12.2023
Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been decommissioned, constituting a 14.56% decrease from the peak...
5 Mining Pools Dominated in 2023, Discovering Over 84% of Bitcoin’s Blocks
31.12.2023
Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners navigated through a total of 27 difficulty...
Bit Mining Sells Btc.com’s Mining Operations for $5 Million
30.12.2023
On Friday, Bit Mining Limited declared it had sold the mining pool operations of Btc.com to a Hong Kong limited liability company for $5 million. This transaction is anticipated to bolster the total equity of Bit Mining’s shareholders, contingent upon certain concluding conditions. BTCM...
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...
Altcoins Rise: Top 10 Performers and Crypto Growth Stories in 2023
29.12.2023
The rise of altcoins in 2023 has been fuelled by huge resurgence across the crypto market from the lows of 2023, but what are the top 10 performers and crypto growth stories of the year? Lets dig in. Illustrating the crypto growth across 2023, the total global market cap for all crypto assets...
CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
29.12.2023
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan, another user has fallen...
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
28.12.2023
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1 Billion Initially, on Nov. 22, 2023...
XRP Price Prediction: Drops to 6th in Market Cap Rankings – What’s Behind the Shift?
28.12.2023
Ripple’s XRP coin, defying the overall market trend, has shown remarkable resilience, maintaining an upward momentum well above the $0.630 mark. This sustained growth comes amidst a broader market downturn, which saw the total cryptocurrency market cap fall by 2.6% to $1.71 trillion over...
Microstrategy Acquires More Bitcoin, Raising Total Holdings to 189,150 BTC
27.12.2023
Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $615.7 million. The latest purchase raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for about $5.9 billion at an average price of $31,168 per coin. Microstrategy’s executive...
South Korea’s Leading Crypto Venture Made 29 Investments in 2023, Allocating $28.44 Million in Total
27.12.2023
Source: Pixabay Hashed, South Korea’s largest crypto venture, has invested 36.8 billion won ($28.44 million) in blockchain projects this year. Despite the challenges faced during the prolonged crypto winter, Hashed successfully forged numerous new investments in blockchain infrastructure...
Bitcoin Closes 2023 With 27 Dynamic Difficulty Adjustments, Netting a 74% Rise in Mining Challenges
27.12.2023
Three days ago, on Dec. 23, 2023, Bitcoin marked its 27th and final difficulty adjustment for the year. This year witnessed 27 shifts in epochs, with the most substantial one on Jan. 15 at block 772,128, seeing a surge in network difficulty by 10.26%. Bitcoin’s Year: 20 Ups, 7 Downs Total...
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
26.12.2023
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $135...
US-Approved Spot Bitcoin ETFs Could Surpass Entire $50 Billion Crypto ETP Market: BitMEX
26.12.2023
Source: Pexels The global market for cryptocurrency exchange-traded products (ETPs) has reached a significant milestone, currently comprising approximately 150 products with a total value of $50.3 billion in assets under management, as reported by BitMEX research. According to the research,...
PancakeSwap Community Proposes CAKE Token Total Supply Reduction to 450 Million
21.12.2023
Adobe Stock / JorgeEduardo Decentralized cryptocurrency exchange, PancakeSwap plans to reduce the total supply of CAKE after a community proposal was announced to sustain its development roadmap. The team proposed the reduction via a community forum highlighting the development recorded so far...
Michael Saylor Says Bitcoin ETFs Aren’t a Threat to MicroStrategy + More News
21.12.2023
Source: a video screenshot, Savvy Finance / YouTube Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Michael Saylor Says Bitcoin ETFs Aren’t a Threat to MicroStrategy WisdomTree...
ARK Invest Coinbase Share Sale Takes December Total Close to $200M
21.12.2023
Cathie Wood's investment firm also sold GBTC stock while increasing its holdings of Block
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...