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Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months
7.11.2022
Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During...
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
5.11.2022
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate...
Tim Draper Extends BTC Price Prediction by 6 Months — ‘By Mid-2023, I’m Expecting to See Bitcoin Hit $250K’
4.11.2022
The American venture capitalist and founder of Draper Fisher Jurvetson (DFJ), Tim Draper, is still confident his bitcoin prediction that says the crypto asset will tap $250K per unit. Draper said in April 2018, at the Draper University blockchain party, that he predicted: “$250K...
BNB Chain DeFi ecosystem recovers almost one-third in three months
2.11.2022
On the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery
Gamestop NFT Marketplace Is Now Live on Immutable X, Market Features Web3 Games
1.11.2022
After announcing the non-fungible token (NFT) marketplace seven months ago, the American consumer electronics and gaming merchandise retailer, Gamestop, has officially launched the company’s NFT market on Immutable X. In addition to NFTs, Gamestop’s marketplace also features Web3 gaming with games...
PlayStation Plus Loses Nearly 2 Million Subscribers Months After Relaunch
1.11.2022
Sony’s June relaunch of PlayStation Plus doesn’t look like it’s going entirely as planned. In the Japanese giant’s latest financial report, it’s shown that since Plus launched, it’s lost 1.9 million subscribers between July and September this year. Sony’s CFO Hiroki Totoki said there “hasn’t been...
Ether Sees Biggest Weekly Gain in 3 Months, ETH-BTC Rally to Continue
31.10.2022
Ether rallied 16% last week, registering its biggest gain since July. The recent positive change in ether's tokenomics are helping the cryptocurrency outperform industry leader bitcoin
Market Wrap: Bitcoin Heads for Best Week in 3 Months
28.10.2022
The largest cryptocurrency’s push past $20K this week has turned the market more bullish. The outlook hinges on the Federal Reserve’s messaging next week – about its plans for December. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Morgan Stanley: Record Number of Bitcoin Have Not Been Used for Six Months
28.10.2022
Bitcoin has traded in the narrowest range since late 2020, suggesting investors are holding on for higher prices, the report said
Gaming Store Robbed At Gunpoint Months After $14,000 Burglary
26.10.2022
This Monday, a man with a gun robbed a popular video game store in Seattle, Washington. No one was hurt, though the store owner is worried that the thief might return. He is still currently at large.Read more
Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge
26.10.2022
Crypto exchange FTX saw some $500 million in liquidations alone, a larger-than-usual figure
Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s
26.10.2022
On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s original year-end goals. Cleanspark says it now aims to surpass 5.5 EH/s by...
‘Sleeping Bitcoin’ Spends Slow Down Considerably in 2022, as 92 Decade-Old BTC Worth $1.79 Million Wake Up
25.10.2022
While the price of bitcoin has remained range bound and coasting along just above the $19K zone, over 60% of the bitcoin in circulation has not moved in a year or more. Moreover, there’s been very few transfers from bitcoins stemming from 2010, and it’s been more than two months since...
Tesla's Bitcoin losses rise to $170M in first 9 months of 2022
24.10.2022
The electric vehicle maker's actual BTC losses are far lower with $64 million worth of previously realized profits to offset the decline
State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months
22.10.2022
During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down...
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
22.10.2022
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin...
Massive Zelda Wiki Reclaims Independence Six Months Before Tears of The Kingdom
21.10.2022
Earlier this month, the wiki-hosting company Fandom scooped up several games sites, including Giant Bomb and GameSpot, in an acquisition worth $50 million. And that exorbitant price of the sale, coupled with what the website calls “questionable staffing decisions” at the company, has led the Zelda...
Genesis Chief Risk Officer Said to Be Exiting After 3 Months
20.10.2022
Michael Patchen joined the company only this past summer
German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business
20.10.2022
Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain...
BTC energy use jumps 41% in 12 months, increasing regulatory risks
19.10.2022
Despite the European Union rejecting a proposal banning crypto mining earlier this year, more regulations could soon be implemented to mitigate the environmental impacts of crypto mining