• Industrial Internet of Things (IIoT) and distributed ledger technology (DLT) are converging to create a machine economy that could contribute up to $15 trillion to the global economy by 2030. • The machine economy is defined as a network of smart, connected, and economically independent devices and machines acting as autonomous market participants, executing economic transactions and other activities […]
Weiterlesen »• Bitcoin dominance has hit 41.5% as of Jan. 20 — the highest level over the past six months. • Ethereum dominance is also up and currently stands at 19.4%. • BTC-ETH Market Cap Dominance has been trending downwards, indicating an outperformance of Ethereum over Bitcoin since early 2021. The crypto market has been abuzz over the past few weeks, […]
Weiterlesen »• Argo Blockchain mined 25% less BTC in December due to winter storm Monika Ghosh. • Argo’s mining revenue dipped 28% from $3.46 million in November to $2.49 million last month. • As of Dec. 31, Argo had $79 million in total debt and $20 million in cash. Argo Blockchain, the debt-ridden Bitcoin miner, experienced a significant decline in its […]
Weiterlesen »– New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, the former CEO and co-founder of Celsius Network LLC, for allegedly misleading investors about billions of dollars of cryptocurrency. – The lawsuit demands damages, restitution, and disgorgement, as well as a ban from Mashinsky from doing business in New York, citing multiple violations. – Mashinsky allegedly […]
Weiterlesen »• HiFi Finance and Crown Ribbon are partnering to tokenize real-world assets, such as horse syndicates, on the blockchain. • Tokenization of real-world assets will allow a broader audience to invest and gain financial exposure to experiences such as horse ownership and can also serve as a growth tool for syndicates. • HiFi Finance is a decentralized lending and borrowing […]
Weiterlesen »• The cryptocurrency market cap experienced minor net inflows of around $740 million over the past 24 hours and currently stands at $807.70 billion — up 0.07%. • Bitcoin and Ethereum’s market caps decreased by 0.01% to $322.15 billion and 0.15% to $148.80 billion, respectively. • The top 10 cryptocurrencies traded flat during the last 24 hours, with the majority […]
Weiterlesen »• Bitcoin core developer Luke Dashjr lost 216 BTC ($3.6 million) to the compromise of his PGP key. • Blockchain explorer showed that the wallet transacted four times and holds 216.93 BTC as of press time. • Crypto-security experts have raised several theories behind the compromise, ranging from the possibility of a backdoored software to a data breach. On January […]
Weiterlesen »• BTC and ETH bear market started in mid-2021, months before the all-time highs in November 2021. • Active addresses suggest the bear market could have started in mid-2021, months before BTC and ETH attained all-time highs. • Analyzing address activity can help to gauge the activity in the ecosystem or how well the ecosystem is being used. The cryptocurrency […]
Weiterlesen »Bullet Points: • Sam Bankman-Fried, founder and former CEO of FTX, denies accessing funds related to the Alameda cryptocurrency addresses. • Bankman-Fried is facing criminal charges, but will likely plead not guilty at his next hearing on Jan. 3. • Bankman-Fried is willing to cooperate with authorities to investigate the matter. Sam Bankman-Fried, the founder and former CEO of FTX, […]
Weiterlesen »• Valkyrie Investments has proposed to become the sponsor and manager of Grayscale’s Bitcoin Trust (GBTC). • Valkyrie plans to offer orderly redemptions at net asset value, reduce fees, and offer redemptions in both Bitcoin and cash. • Grayscale intends to convert GBTC into an ETF, though its past attempts to do so have been rejected. Valkyrie Investments recently announced […]
Weiterlesen »