Cryptocurrency Analysis and News Portal
The Riot 2022 reports showed that the Bitcoin miner tripled its hashrate capacity to an all-time high of 9.7 EH/s. Bitcoin (BTC) mining company Riot Platforms recently released a full-year 2022 report on its financial and operational performance. For the period ended December 2022, the company raked in revenue of $259.2 million while
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Bankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US. On Mar. 2 the exchange released a presentation showing FTX had $2.2 billion in exchange
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Texas' State Securities Board and the Department of Banking are objecting to a proposed deal between Binance.US and bankrupted crypto lender Voyager Digital, shows a court filing from Feb. 24. According to the document, Binance.US's terms of service and restructuring plan contain a number of "inadequate" disclosures, including not informing unsecured creditors
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Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue
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The trope of developers continuously building even during a bear market rings true in 2023. Source
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Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi. Source
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NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent. Source
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Interest has skyrocketed following the first Ordinals transaction on Dec. 14. Source
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Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CryptoX that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard
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Alphabet posted a less-than-savory Q4 2022 report that reflects the current tech downswing and looming recession. Alphabet Inc (NASDAQ: GOOGL) recently posted its Q4 2022 results, which showed earnings miss on its top and bottom lines. As a result, the tech giant’s stock slid nearly 4% in the after-hours session, eroding some of
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