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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
20.1.2023
Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody...
First Mover Asia: Active Crypto Developers Decreased Nearly 60% in 2022
16.12.2022
Despite the decline over the past year, more than 1,500 developers are still active in building the top blockchains and decentralized applications during this bear market
Metaverse trading volume plummeted 80% but hype hasn’t decreased
21.10.2022
A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%
Rug Pulls Were Rampant In August But Slightly Decreased On Previous Months - Report
8.9.2022
Rug pulls, a type of theft which occurs when owners of a crypto project flee with the funds collected from their investors, dominated Web3 world-based scams and exploits in August, with 33 out of the 44 recorded exploits deemed rug pulls and exit scams, according to a recent report released...
Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining Sector
21.8.2022
SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans...
Market Wrap: Bitcoin Falls on Lower Volume and Decreased Volatility
4.8.2022
Bitcoin’s ‘Average True Range’ Shows That Markets Have Calmed A Bit
Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022
27.4.2022
At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25, 2022, the organization published a report that discusses the bitcoin mining...
Elden Ring's Biggest Patch Yet Nerfs Bleed, Fixes Huge Bug Quest, And Way More
19.4.2022
FromSoftware released another massive update to Elden Ring on Tuesday and players are celebrating and beamoning its long list of balance changes and bug fixes. Rather than weaken fan favorite weapons like the Moonveil katana, the game’s biggest patch yet makes a ton of other stuff stronger. Plus...
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
16.10.2021
A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise the facility produces. The lawsuit, which was filed in August, asks mining operator Red Dog to shut down operations and pay personal damages fees, as well as compensate owners for decreased property...
Tron (TRX) Consolidation Indicates Decreased Volumetric Action!
13.10.2021
TRON currently holds the 28th position in terms of market cap with a combined value of $6.76 billion and above 71 billion coins in circulating supply. Unlike other cryptocurrencies, TRON is focused on the content sharing and entertainment industry and intends to rule the content creation domain...
Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal
5.8.2021
China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities...
Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes
20.7.2021
The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day....
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
17.7.2021
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders...
Cryptocurrency Trading Volumes Decreased 40% in June
14.7.2021
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China...
Vow Introduces the Next Step in the Evolution of Crypto-Based Currencies
13.7.2021
Since the beginning of 2021, the cryptocurrency industry has experienced a marked surge in popularity, as institutions and individuals flock to the rapidly developing space in large numbers. Whilst the barrier to enter the space has significantly decreased since its birth a decade ago, there remain...
Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report
8.4.2021
Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results. Report Focused on Cryptojacking Incidents With Monero According...
JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K
6.4.2021
JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan...
Number of Active Crypto Traders in Japan Decreased Mid-COVID
4.8.2020
A report updated by Japan’s self-regulatory body JVCEA shows the number of active crypto traders in the country decreased in March