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Cambridge Study: Ethereum Consumes 28x Less Energy Than American Express
12.12.2023
Source: AdobeStock The world’s second-largest crypto protocol Ethereum network, is reported to consume 28 times less energy than the American Express business, according to a recent report from the University of Cambridge. The report compares the annual energy consumption of the smart...
Do Kwon Will Stay in Montenegrin Custody through February: Report
12.12.2023
Disgraced Terraform Labs’ co-founder, Do Kwon, will stay in Montenegrin custody through February 2024, according to a new report. Two-month extension granted Published by Bloomberg on Tuesday, the report states that Kwon’s detention in Montenegro has been extended through early 2024 at the behest...
US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates
12.12.2023
In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs witnessing a marked reduction, in contrast to...
SBF’s Lawyer Says FTX Founder was the “Worst” Witness he has Ever Seen, “Almost Impossible” to Win: Report
12.12.2023
A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the “worst person” he had ever seen do a cross-examination and called the odds of winning the case “almost impossible,” according to a new Bloomberg report. Mills roasts SBF Specializing...
China Plans to Verify Identities of its 1.4 Billion Residents Through Blockchain-Based Platform
12.12.2023
Image Source: Pexels China has unveiled plans to use blockchain technology for the verification of real-name identities of its vast population of 1.4 billion people. The announcement came from the Blockchain-based Service Network (BSN), China’s national-level blockchain initiative, according...
Taiwan’s FSC Sets Up Financial Technology Bureau to Oversee Crypto: Report
12.12.2023
Source: Pixabay Taiwan’s Financial Supervisory Commission (FSC) has set up a Financial Technology Bureau to oversee cryptocurrencies to protect investors and increase regulation, according to a Taiwanese news report by United Daily News (UDN). FSC chairman Huang Tian has confirmed the Executive...
Palau Declares First Phase of Stablecoin Pilot a Success
12.12.2023
The Republic of Palau has stated that the first phase of its limited stablecoin pilot was a success in a recently released report. The document also indicates that future phases of the project will focus on extending the reach of the stablecoin, with a high emphasis on compliance. Palau Reports...
Institutional Investors Maintain Buying Momentum as Crypto Funds Record $43 Million Inflows
11.12.2023
Source: Adobe / Luisa Institutional investors tighten their grip on cryptocurrency funds as the market records $43 million inflows in the last seven days marking an 11th consecutive week in the green zone. A recent CoinShares Digital Asset Fund Flows report shows a sustained bullish sentiment...
Blockchain Gaming Industry to Exceed Over $600 Billion in Value by 2030
11.12.2023
The blockchain gaming industry is expected to surpass over $600 billion in value by 2030, according to a new report released Monday. Blockchain gaming is booming The report, published by Fortune Business Insights, defines blockchain gaming as any video game “with features utilizing...
Goldman Sachs Predicts First Fed Interest Rate Cut in Q3 2024 – How Will Crypto Markets React?
11.12.2023
Source: Pixabay Banking giant Goldman Sachs projects two interest rate cuts in the United States by the Federal Reserve in 2024 with the first to be announced in the third quarter. A recent Reuters report states Goldman Sachs sees two rate hikes next year citing cooling inflation after...
Venture Capital Crypto Fund C1 Eyes Australia for Bargains: Report
11.12.2023
Source: Adobe / Sutthiphong Venture Capital crypto fund C1 Fund has been meeting a number of Australian businesses offering to buy private holdings from investors, reports the Australian Financial Review. C1 is a $500 million fund managed by investors based in Silicon Valley and the United Arab...
Crypto VC C1 With Coinbase Lineage Eyes Acquisition in Australia: Report
11.12.2023
Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund, according to the Australian Financial Review
Report: 47% of Nigerians Engaged in Crypto-Related Activities
10.12.2023
A new study has found that as much as 47% of Nigerians are actively engaged in crypto trading which is now increasingly incorporated in their financial lives. The analysis also showed that crypto ownership in the country grew by 15% between 2020 and 2023. Cryptocurrencies No Longer Seen...
NFT Trading Volume Surges 125%, Nears $1B in November: DappRadar Report
8.12.2023
Source: AdobeStock Digital collectibles or non-fungible tokens (NFTs) are currently experiencing a resurgence despite the ongoing bullish momentum in the broader crypto market. Capturing this shift, DappRadar’s November industry report revealed that the NFT ecosystem has sustained a positive...
Bitcoin ETF in Q1 and Bitcoin Price All-Time High in Q4: VanEck Predictions 2024
8.12.2023
Source: DALL·E VanEck, a prominent investment management firm, has released a set of 15 cryptocurrency predictions for the year 2024, casting a spotlight on potential significant developments in the digital asset space. The firm’s report offers a detailed outlook, highlighting key predictions...
Over 1,000 Bitcoins from Satoshi Era Mined in 2010 Moved to Trading Desks
7.12.2023
Source: Pixabay / Michael Wuensch Nearly 1000 Bitcoin (BTC) worth over $43 million were moved earlier this week after more than 13 years of dormancy, on-chain analysis shows. In a report shared on Wednesday, blockchain analytics platform CryptoQuant noted that a Bitcoin address received 999 BTC...
Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US
7.12.2023
Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street Journal, Justice Minister Andrej Milovic...
Do Kwon to be Extradited to the United States: Report
7.12.2023
Terraform Labs’ founder, Do Kwon, is set to be extradited to the U.S. following months of speculation, according to a report from the Wall Street Journal released Thursday. “Not excluding that kind of possibility” Kwon has been imprisoned in Montenegro since authorities caught...
Bitcoin's Next Move Might be Decided by Friday's Jobs Report
7.12.2023
A recent dovish shift in the outlook for monetary policy has played a sizable role in big gains for both crypto and traditional markets
SEC, Spot Bitcoin ETF Issuer Talks have “Advanced to Key Details:” Report
7.12.2023
Discussions between the U.S. Securities and Exchange Commission (SEC) and hopeful spot Bitcoin ETF issuers have progressed to “key details,” according to a new report citing industry executives. “Mark your calendars people” Reuters reported the encouraging news on Thursday morning...