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Block nets $1.18B Q4 gross profit marking a 47% YoY increase
25.2.2022
In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million
Chainalysis Study Shows ‘Criminal Whales’ Hold $25B in Digital Assets, Entities Represent 3.7% of All Crypto Whales
24.2.2022
According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year...
Coinbase’s Q4 Trading Volumes Set to Increase but Outlook Could Get Gloomy Amid Volatility
23.2.2022
Analysts are divided on the outlook for America’s largest cryptocurrency exchange
Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets
23.2.2022
The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial...
Coinbase Plans to Increase its Workforce by Around 70% This Year
15.2.2022
Major US-based crypto exchange Coinbase said it plans to hire up to 2,000 employees this year, increasing its total workforce by around 70%.
The firm aims to grow its Product, Engineering, and Design teams, according to L.J Brock, Chief People Officer of the company. Coinbase says it had over...
Bitcoin hits $44K after Canada emergency powers accompany 6% BTC price increase
15.2.2022
Plans to include crypto in enhanced surveillance by the Canadian government has the unintended knock-on effect of fuelling "unstoppable money."
2021 Saw A 31% Increase In VR-Related Insurance Claims
13.2.2022
Please, be careful the next time you slip on a virtual reality headset and go jumping into the latest MMO craze or Beat Saber. Otherwise, you might end up hurting yourself, someone else, or breaking something. If so, you won’t be alone. According to an insurance company in the UK, VR-related claims...
Bandai Namco to Invest $130 Million in Building Its Own IP Metaverse
12.2.2022
Bandai Namco, a game development and publishing company, has announced its intention of creating its own metaverse to increase the engagement fans have with the brand. The strategy was announced during the reveal of its new mid-term plan, which outlines the roadmap of the company for the next three...
Kazakhstan President Orders Government to Find All Miners and Raise Tax by April
10.2.2022
President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted....
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
9.2.2022
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining...
The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
7.2.2022
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
7.2.2022
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also...
ADALend Sign the Contract With Robatz Network for the Cardano Native Decentralized Lending Protocol Development
4.2.2022
PRESS RELEASE. ADALend and Robatz Network sign the contract for development of the decentralized lending protocol. Robatz Network and ADALend represents a significant milestone for developing the lending protocol and will allow both companies to work together to further the development of...
India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions
1.2.2022
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these...
Salvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’
31.1.2022
El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s...
El Salvador president predicts ‘gigantic price increase’ for Bitcoin
31.1.2022
There is not enough Bitcoin for global millionaires if each of them wants to own one, Bukele said
Study: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60%
31.1.2022
According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The number...
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
30.1.2022
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last...
Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year
26.1.2022
There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction...
Bitcoin and Ethereum In Slow and Steady Increase
26.1.2022
Bitcoin price is showing a few positive signs above the USD 37,000. BTC even climbed above USD 37,500 and is currently (11:30 UTC) eyeing an upside break. A close above USD 38,000 might start a wave towards the USD 40,000 level.
Similarly, most major altcoins are slowly rising. ETH was able...