Month: January 2023

Revolut Suspends Launch of Native Token RevCoin, Here’s Why

Revolut is holding off on its token launch to determine the full extent of the damage caused by the FTX crash. Fast-growing fintech Revolut is presently trying to decide the best time to launch its native token RevCoin. Although Revolut has previously hinted that the RevCoin launch date will be this year, a spokesperson confirms that the specificity of the time will be dependent on the firm’s research. The spokesperson wrote in a statement” “We are scoping the market conditions and assessing the best time to launch RevCoin in the…

Bitcoin Hash Rate at Near All-Time High

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The Bitcoin hash rate is trending at near all-time highs, per on-chain data on January 20, 2023. Bitcoin Hash Rate at 274 EH/s According to streams from BitInfoCharts, the Bitcoin network currently has a hash rate of 274 EH/s, up by almost one percent in the past 24 hours. Even at this pace, the hash rate is down from January 16 highs of 302 EH/s. Bitcoin Hash Rate | Source: bitinfocharts.com Hash rate is the measure of computing power dedicated to BTC mining. As a proof-of-work platform, the Bitcoin network depends on…

Empowering people to foster trust in tomorrow’s technological advancements

The ICO is encouraging developers to consider privacy at an early stage when implementing new technologies to maintain public trust and confidence. Our Tech Horizons Report looks at technologies emerging over the next two to five years and warns that the significant benefits they offer could be lost if people feel companies are misusing their data. The report, which follows analysis of key technologies expected to impact society in the future, found businesses must consider transparency, what control people have over their data, and how much data is gathered to…

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News

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Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate the current environment, according to the CEO Alan Lane, the firm remains “focused on providing value-added services for [its] core institutional customers.” Confidence Crisis Less than a month after Silvergate Bank reported a massive drop in customer deposits, the crypto-focused financial institution’s parent firm, Silvergate…

T-Mobile Suffers Data Breach, 37 Million Customers Affected

The full scale of the impact on T-Mobile’s business is not yet clear. Besides, the company is unable to predict how the incident might change its customers’ behaviour. American largest telecommunications company T-Mobile US Inc (NASDAQ: TMUS) is investigating a data breach that has affected as many as 37 million customers. According to the company, the hackers have been stealing the account data, including name, billing address, email, phone number, date of birth, T-Mobile account number, and information such as the number of lines on the account and plan feature, for…

NFT sales topped 101 million in 2022: DappRadar report

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Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long-term value. A new DappRadar report on blockchain and decentralized application (DApp) adoption in 2022 revealed that the NFT sale count last year reached 101 million. This is a 67.57% increase from the previous year. According to the report, the Ethereum ecosystem holds the top spot in the NFT ecosystem, holding 21% of the market share and over 21.2 million transactions…

Binance to Increase Presence in Poland in Compliance With Local Regulations – Exchanges Bitcoin News

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Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves Forward With Plans to Expand Operations in Poland Binance, the world’s largest digital asset trading platform, is enhancing its presence in Poland, noting in an announcement that it maintains its commitment to comply with the country’s rules for virtual asset service providers (VASPs). The expansion in 2023 will…

Crypto becomes second most widely-owned asset class for women: eToro survey

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While traditional asset classes fail to foster broader adoption among women, crypto seems to have found success in bringing women on board, according to a recent survey.  Data sent to Cointelegraph by the eToro team highlighted that crypto is now the second most widely-owned asset class for women second only to cash. This comes from the results of eToro’s latest Retail Investor Beat, which surveyed around 10,000 global retail investors in 13 countries. According to the survey results, there is a significant rise in crypto ownership among women. Data shows that…