Category: Latest news

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[ad_1] Bitcoin (BTC) shrimps aggressively accumulated Bitcoin in the last 30 days — adding a total of roughly 60,000 BTC to their portfolios, according to Glassnode data. Source: Glassnode Shrimps refer to wallets holding less than one Bitcoin. This group of retail investors has invested heavily in BTC throughout 2022. Their cumulative balance now sits…

Kraken to shutter operations in Japan by end of January 2023

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[ad_1] Kraken will shut its operation in Japan and deregister with the country’s Financial Services Agency on Jan. 31, 2023, according to a Dec. 28 statement. According to the exchange, the decision was made as part of efforts to prioritize its overall business. The firm said the “current market conditions in Japan in combination with…

How Solana is fixing outages, and the challenges it will tackle in 2023

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[ad_1] For Solana (SOL), 2022 has been an especially tumultuous year. With revelations of the now defunct crypto exchange FTX’s insolvency in early November, SOL price cratered 55% during the month. As of press time, SOL was trading at $11.15, down 70% from its November peak of $37.73. Solana last traded at this level in…

BTC bear market is worse than in 2014 but better than in 2018

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[ad_1] Recent data indicate that the current bear market has fared better than in 2018 but worse than in 2014 in terms of ROI. The price of bitcoin, which started the year at $50,700, has declined by more than 66% to $16,847.51 at press time, according to CoinMarketCap. BTC Year to Date ROI / Source:…

ProtonMail creator unsure whether his firm will continue to hold Bitcoin

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[ad_1] Proton CEO and co-founder Andy Yen said that he is unsure whether his company will continue to hold Bitcoin during a Forbes interview published on Dec. 27. The company, which offers the encrypted email app ProtonMail and various other services, has held Bitcoin for at least five years. After years of limited integration, Proton…

US to investigate $372 million stolen in FTX exploit post bankruptcy

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[ad_1] Hours after defunct crypto exchange FTX and hedge fund Alameda Research filed for bankruptcy on Nov. 11, large amounts of funds were moved out of the exchange. Both firms were owned by Sam Bankmand-Fried (SBF), facing multiple counts of fraud until the bankruptcy filing. More than a month later, the US Department of Justice…

Research: The Antminer profitability crisis

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[ad_1] Bitcoin’s fall from its all-time high to a low of $15,700 has been one of the most dominating narratives this year. Bitcoin lost 75% of its value since Nov. 10, 2020, and over 65% since the beginning of the year. However, a much more remarkable story than Bitcoin’s volatility is the divergence between its…

Argo blockchain to suspend trading on NASDAQ for 24 hours

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[ad_1] Bitcoin mining firm Argo blockchain has requested to suspend the trading of its US shares on NASDAQ, effective Dec. 27. The troubled mining firm said in a Dec. 27 press release, that the move to suspend trading of its shares, is related to an announcement due on Dec. 28. As a result, Argo has…

Ethereum L2 language Cairo’s TVL surpasses Solana’s Rust

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[ad_1] Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data. As of Dec. 26, Cairo has a TVL of $418.23 million. In comparison, the programming language of layer1 blockchain networks like Solana’s (SOL) Rust has a TVL of $396.22 million, while Cardano’s (ADA)…

Increase in transactions, new collaborations, and more

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