Category: Uncategorized

[ad_1] Bitcoin mining revenue was down to $9.55 billion in 2022 from $15.3 billion in 2021 – a 37.5% decline. Since the peak of a massive rally in 2021, cryptocurrencies have lost more than $2 trillion in market cap to reach below $900 billion. There has been more than a 70% drop in Bitcoin, the…

[ad_1] The cryptocurrency market cap saw net inflows of around $10 billion over the past 24 hours and currently stands at $806.96 billion — up 1.35%. Bitcoin and Ethereum’s market caps grew 1.09% to $322.14 billion and 1.74% to $148.95 billion, respectively. The top 10 cryptocurrencies all recorded profits during the last 24 hours. Solana…

[ad_1] While most of the market focuses on Bitcoin’s price volatility, a much bigger problem seems to go unnoticed. The centralization of Ethereum has been one of the hottest topics in the crypto industry since the network’s switch to Proof-of-Stake, with many critics warning about the dangers of such a high market cap cryptocurrency relying…

[ad_1] On Nov. 10, 2021, (BTC) established an all-time high of over $68,600, according to CryptoSlate data. On the same day, Ethereum (ETH) reached an all-time high price of $4,864.11, CryptoSlate data shows. The peak in the price of the two largest cryptocurrencies by market cap would lead investors to believe that the market was still experiencing a bull…

[ad_1] CryptoSlate looked into Glassnode data representing year-to-date (YTD) reviews of leading assets and currencies and revealed that Bitcoin (BTC) performed better than Ark Innovation ETF (ARKK), MicroStrategy Inc. (MSTR), and Coinbase Global Inc (COIN) in 2022. According to the data, BTC fell by 65.38% YTD, while ARKK, MSTR, and COIN lost 67.79%, 74.64%, and…

[ad_1] CryptoSlate looked into Glassnode data to evaluate OpenSea’s performance in 2022 and revealed that the marketplace’s dominance fell to 33% from 50% in January. At the beginning of the year, OpenSea corresponded to 20% of the total Ethereum (ETH) gas usage. This percentage declined throughout the year to see 9%. The marketplace’s NFT transfer…

[ad_1] At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry. The massive influx of collections, new marketplaces, and easy money in the space created the perfect mix of incentives for fraudulent activity. As we know, I published…

[ad_1] Elon Musk became the first person ever to lose $200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which corresponds to 0.39% of Musk’s loss. Musk’s personal fortune was at $340 billion on Nov. 4, 2021, which made him the richest man in the world.  On December 2022,…

[ad_1] Valkyrie Investments announced in a Dec. 28 statement that it has submitted a proposal to become the sponsor and manager of Grayscale’s Bitcoin Trust. Grayscale BTC (GBTC) is among the largest Bitcoin investment funds, valued at 643,572 BTC ($10.6 billion) at present. However, the fund is also in trouble: in December, GBTC traded at…

[ad_1] Arcane Research’s 2022 year-end report cited that 2022 was the second-worst-performing year for Bitcoin (BTC), as the leading crypto saw a 65% decrease throughout the year, only beaten by the 73% sink recorded in 2018. BTC, ETH, BNB, S&P500, and Gold in 2022 BTC’s performance was the second-worst of the year compared to Binance…