Cryptocurrency Analysis and News Portal
Chainalysis recently published a study on criminal enterprises, specifically the so-called criminal whales, that retain vast sums of money in the form of cryptocurrencies. The study claimed that criminal whales still hold $25 billion in crypto assets despite substantial law enforcement seizures last year. Cryptocurrency had a solid year in 2021, reaching
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The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department
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Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over
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Coinbase’s Q4 financial report vastly exceeded market expectations Thursday, after the firm posted $2.5 billion in net revenue for the quarter, beating analyst predictions by 27%. FactSet consensus had forecasted Coinbase to generate approximately $1.9 billion in revenue for the period. Notably, the popular crypto exchange more than doubled transaction revenue
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Stablecoin supply shows significant growth during the year. The market cap of the top stablecoins is roughly $181 billion, over 11% of the total crypto market, which is now at $1,6 trillion after shedding over $140 billion in the past two days over geopolitical concerns. Consequently, data shows that stablecoins
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A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the
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Axie Infinity, the Ethereum-based video game, continues to amaze its fandom over the last year. Despite some hiccups, the play-to-earn game is relentless. In fact, it just made quite a bit of a noise this week after the Sky Mavis project snagged nearly $4 billion in all-time NFT revenues. The in-game currency
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KeychainX AG is a Swiss based crypto recovery company helping people access lost crypto since 2017. The company also has a patent pending keyless crypto wallet based on geographical and bio metrics using social recovery. Robert Rhodin is the CEO of KeychainX. He recently joined the Cryptox.trade News Podcast to talk
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This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales. The Sky Mavis Crafted Blockchain Game Axie
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Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion. Capital Raised to Fund Flutterwave’s Expansion Plans The Nigerian fintech startup Flutterwave recently announced it raised $250 million
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