Why Bitcoin Miners Made $6 Billion Less in 2022?
[ad_1] Bitcoin (BTC), the oldest and largest cryptocurrency, closed last year with a loss of more than 60%. The mining industry also suffered from BTC’s sharp price declines, with revenues falling 37.5% in 2022 to $9.55 billion. According to Glassnode data, mining revenues stood at $15.3 billion in 2021....
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TRON Upbeat And Registers $1 Billion In Stablecoin Inflow
[ad_1] TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement. Let’s consider this summary: TRON’s seven-day jump was less...
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Meta’s Reality Labs Reports $3.6 Billion In Losses, When Will It End?
[ad_1] Meta (formerly Facebook) officially declared its entry into the metaverse space last year with the Reality Labs division. Its announcement had understandably triggered the popularity of metaverse projects and their tokens during this time, as a lot went on to rally to billions of dollars in market cap....
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Crypto Investors Lost $1 Billion in Scams during the Last 15 Months, Says FTC
[ad_1] Crypto scams are on the rise, according to the latest report published by the US Federal Trade Commission (FTC). Since the start of 2021, more than $1 billion worth of digital assets have been lost in cryptocurrency scams. The fraudulent activities affected approximately 46,000 people. According to the...
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Bitcoin Whale Sends $2 Billion in Tandem with BTC Rally
[ad_1] One of the biggest BTC addresses recently transferred approximately 45,000 bitcoins to 2 unknown wallets. When BTCUSD price is on the rise large transfers are often seen. Today’s BTC transfer is certainly among the biggest. 45,000 bitcoins in today’s markets price are worth over $2 billion. Whale transfers...
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FTX Launches $2 Billion VC Fund to Invest in Crypto Startups
[ad_1] On January 14, FTX, a popular Bahamian-based cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the...
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Crypto Scammers Raked In $14 Billion In 2021
[ad_1] According to blockchain research firm Chainalysis, scam involving crypto reached an all-time high of $14 billion last year, a record that comes as regulators demand for more power over the fast-growing sector. Growing Interest In Crypto Fueled Most Scams Cryptocurrency crime set a new high in 2021, according...
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Scaling Ethereum & crypto for a billion users
[ad_1] A guide to the multi-chain future, sidechains, and layer-2 solutions Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Justin Mart & Connor Dempsey. As of late 2021, Ethereum has grown to support thousands of applications from decentralized finance, NFTs, gaming and more....
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Over $10 Billion Has Been Lost To DeFi Exploits In 2021
[ad_1] Decentralized finance (DeFi) platforms have been the target of criminal attacks this year. Investors in the blockchain-based form of finance have lost billions of dollars to criminals that target the platforms. The total amount of money deposited at DeFi services has spiked from just $500 million in 2019 to...
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Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40 billion AUM
[ad_1] Grayscale could launch its Bitcoin (BTC) exchange-traded fund (ETF) as soon as July 2022, one of its executives has said. Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale’s global head of ETFs, David LaValle, gave a nine-month timeline for approval by U.S. regulators. Grayscale:...
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