Cryptocurrency Analysis and News Portal
According to data gathered by Matrixport, a crypto services provider that is tracking the market, the expected payout for creditor claims against FTX has surged to an average of 37 cents on the dollar, its highest since the bankruptcy filing in late 2022, and up from just over 10 cents
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Given recent developments, "the time may be right to expand into this sector," using either Iris Energy's existing sites or the ones under construction, the company said. The miner has procured items with long lead times to expand to build out another 100 megawatt (MW) facility, which would bring its
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Mass crypto adoption is already taking place around the world, but not in the United States or Europe, nor does it have Bitcoin as a flagship asset for mainstream acceptance. According to Daniel Fogg of smart contract platform Rootstock, the increase in adoption is instead ongoing in emerging markets, where
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While Bitcoin mining firms face major operational challenges they continue to add more rigs and make slimmer profits from their existing machinery.During the crypto winter of 2022, Bitcoin miners had a really tough time with BTC prices collapsing and profitability sinking. On the other hand, the rising energy costs contributed
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Private banks are even more risk-averse when granting a loan. In Brazil, the largest private bank, Itau, offers personal loans with an annual interest rate that can go up to 172.85%, according to its website. In Argentina, the annual interest rate offered by the largest private player, Banco Santander, can
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Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from
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Mark Zuckerberg might claim the Metaverse is the future — but in the eyes of others, the future has already begun. Science fiction author Neal Stephenson coined the term “Metaverse” back in his 1994 novel, Snow Crash. Within the pages, the main character, Hiro Protagonist, navigates through the virtual world. Since
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According to a local media source, crypto trading in India is on the rise. This comes as the Indian government is mulling over a ban on private digital currencies, which they say is necessary to protect investors. But, based on the rising popularity of local crypto exchanges, it appears that
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By the end of 2018, many crypto skeptics had their “I told you so” moment, as many initial coin offerings, or ICOs, failed to deliver on their promises. Between 2017 and 2018, 3,250 projects were launched via ICO and $21.4 billion was collected from investors. But by early 2018, a
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At the start of 2020, Ripio, one of Argentina’s largest crypto exchanges, had around 400,000 users. It’s finishing the year with 1 million. Ripio’s chief brand officer, Juan Mendez, told CryptoX that around 70% of Ripio users are from Argentina, with the remainder mostly concentrated in Brazil. According to Mendez, the
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