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Coinbase transaction revenues plummet 44% as users activity declines in Q3
4.11.2022
While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining
Bitcoin Whale Holdings Plummet to 29-Month Low – Has BTC Bottomed Out?
29.9.2022
Holdings of bitcoin (BTC) by some of the largest whales in the ecosystem have dropped to its lowest level in 29 months, as the macroeconomic backdrop has continued to worsen and put pressure on the bitcoin price.
The latest decline in whale holdings means that this key metric to watch has...
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect
5.7.2022
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading...
Do Kwon Proposes Restart of Terra Blockchain as UST, LUNA Plummet
13.5.2022
The “Revival Plan” involves redistributing network ownership to UST and LUNA token holders
First Mover Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending; Altcoins Plummet
13.5.2022
Data suggests that many traders are moving their assets from DeFi protocols; bitcoin rallies after falling below $26,000 in Thursday trading
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
11.5.2022
Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed...
Central Bank of Sudan Warns of Risks Associated With Cryptocurrency
30.3.2022
The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s...
Russia’s Crypto Transactions Plummet to 50% Amidst an Expected Rise
14.3.2022
Cryptocurrencies have become a hot topic in the ongoing political conflict between Ukraine and Russia. While Ukraine is receiving crypto donations from all over the world, many believe Russia will join this trend. This claim is supported by the fact that economic restraints have been put on Russia...
NFT Sales Nosedive This Week as Volume Drops Close to 30%
16.2.2022
According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly...
Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
27.11.2021
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming...
NFT sales and floor prices plummet as demand wanes and gas prices soar
9.9.2021
This week’s market-wide correction lead to a sharp decline in NFT sales as decreased demand for digital collectibles led to a drop in the floor price of most major projects
Two More Binance Smart Chain Projects Report Incidents, Prices Plummet
20.5.2021
Source: a screenshot, Instagram/binance
Binance Smart Chain (BSC), ran by the crypto exchange giant Binance, has landed in hot water due to the incidents suffered by its projects - yet again. Yesterday it was Venus Protocol (XVS), and today Pancake Bunny (BUNNY).
Venus is a project built...
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
14.5.2021
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important...
Bitcoin Balances on Exchanges Are Draining, Leading Platforms See $10 Billion in BTC Withdrawn in 4 Months
9.3.2021
Bitcoin prices have regained momentum during the last two days as the price per coin touched a March 2021 high at $54,822 on Tuesday morning (ET). Back in December 2020, it was noted that bitcoin on exchanges dropped to a three-year low and this year bitcoin exchange balances continue to plummet....
Nigeria Crypto Ban: Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet
18.2.2021
According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges...
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack
2.2.2021
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestock shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number...
Nomura and Ripple Partner SBI Holdings Support XRP, Reject Token’s Categorization as Security
30.12.2020
As XRP continues to plummet in value due to Ripple’s turmoil with the U.S. Securities and Exchange Commission (SEC), the token seems to find some support in Japan, as crypto exchanges in the nation have refused to delist it. Nomura and Key Ripple Partner Keep Supporting XRP, Reject US...
Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened
6.12.2020
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like...
Immortal's Version Of Assassin's Creed's Leap Of Faith Is More Of A Panicked Plummet
2.12.2020
There’s a moment at the beginning of Immortals Fenyx Rising, the new open-world adventure from the developers of Assassin’s Creed Odyssey, where it feels like newly-forged hero Fenyx is going to go full-on assassin. She climbs a massive stature, surveys the land, and then prepares to leap...
How massive liquidations caused Bitcoin to plummet 16% in 24 hours
26.11.2020
Bitcoin fell to as low as $16,334 across major exchanges as cascading liquidations caused massive volatility