Tag Archives: social

2022 has been a turbulent year. One good thing to come out of it is that – ransomware earnings are significantly down. Attacks on the crypto industry remain rampant. However, data suggests that victims are increasingly refusing to pay ransomware attackers. Blockchain analytics company Chainalysis, in a new report, shed light on the changing dynamics in the ransomware industry. Zooming in on Ransomware Attacks 2022 It found that over 10,000 unique strains were active in the...

With the end of the week coming, bitcoin continued to gradually increase in value and tapped yet another multi-month high well above $23,000 before retracing slightly. Most altcoins have calmed on a daily scale, aside from OKB and APT. The latter has soared by almost triple digits in the past seven days. Bitcoin’s Recent Journey Bitcoin’s 2023 so far is in sharp contrast to 2022 and especially the end of last year. The cryptocurrency entered the new year at $16,500, and it...

The US-based cryptocurrency exchange – Coinbase – reportedly doubled down on its agreement with one of the most successful German soccer teams – Borussia Dortmund (BVB). The deal, which turned the platform into a Premium Partner of the Bundesliga club, will last until the end of June. Making the Collaboration Public Coinbase started its partnership with Borussia Dortmund in July last year by running ads on the video screens in the club’s stadium. According to recent coverage,...

21Shares announced the launch of first-of-its-kind crypto staking index ETP focused on proof-of-stake-based coins. Dubbed 21Shares Staking Basket Index ETP (STAKE), the product will essentially provide exposure to staking rewards while tracking the performance of underlying staked coins via a single ETP. World’s First Crypto Staking Index ETP According to the official press release, the index will track ten crypto-assets, including Binance Coin (BNB), Cardano (ADA), Cosmos...

ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues to work its magic on asset valuations across the board. The S&P 500 Index and NASDAQ Composite have continued their new...

According to a study by Bybit and Toluna, 64% of North Americans spend less than two hours or don’t research at all before investing in cryptocurrencies. Boomers (those aged 56-64) tend to be more cautious, focusing on technical factors and inspecting the market a few days before diving into it. Jumping on the Bandwagon Without Proper Analysis The cryptocurrency exchange – Bybit – and the consumer intelligence platform – Toluna – surveyed over 10,000 individuals to determine...

Despite much turmoil in 2022, the Bitcoin mining industry’s hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC).  The industry also grew marginally greener, retaining a sustainable energy mix of over 58%. Bitcoin is Green, Says BMC In a press release on Thursday, the BMC confirmed that its members’ hashrate has increased from 95 exahashes from its inception in Q1 2022 to 119 exahashes by...

The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are the 55 million Robinhood shares owned by Bankman-Fried and Gary Wang, valued at over $455 million. The ownership of the shares has been disputed even by BlockFi and FTX creditor Yonathan Ben Shimon who laid claims over them. The Feds, for one, believe they were purchased using allegedly...

Bitcoin soared by roughly $2,000 in the past several, charting its highest price position since mid-September. The altcoins are well in the green as well, with some, such as SOL and OKB, posting massive double-digit price increases. Bitcoin Sees 18-Week High The latest bitcoin surge came amid five bullish on-chain factors provided by CryptoQuant earlier this week. The asset had calmed after touching $21,600 and had retraced to just under $21,000. The bulls had a battle that...

After a few days of trading sideways and even slipping below $21,000, the bitcoin bulls returned on Saturday morning to push the asset to its highest price tag since September 13. With most altcoins well in the green as well, the number of liquidated short traders has soared. The start of 2023 continues to bring good news for the bitcoin bulls, which were quite dishearted following the painful 2022. However, BTC had added over $5,000 in the first few weeks of the new year and...