ICO Archives

Mining BTC Was More Profitable in February Than January: Jefferies

March 27, 2024

Bitcoin (BTC) mining was more profitable in February than in January as the price of the world’s largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday. Publicly listed North American mining companies produced a smaller share of bitcoin compared with the previous month, slipping to 17.5% of the total network from 19%, as new hashrate came online from other sources, the report said. Hashrate refers to the total combined computational power that is being…

First Mover Americas: HSBC’s Gold Token Introduced in HK

March 27, 2024

The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source

TRM Labs Says Illicit Funds in Crypto Shrank 9% in 2023; Criminals Still Handled $34B

March 27, 2024

Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled nearly $35 billion worth of cryptocurrencies, blockchain analytics firm TRM Labs found. Source

Fetch.ai, SingularityNET, Ocean Protocol to Merge Tokens Into ASI, Create Alliance for Decentralized Artificial Intelligence

March 27, 2024

AI has seen a surge in mainstream interest since the start of 2023 thanks to tools such as ChatGPT. However, there have been concerns that the largest companies – Microsoft, Alphabet, Amazon, Apple and Meta – will establish an oligarchy over the space. That has spurred blockchain and Web3 companies to throw their hats into the ring to present an alternative where data is more transparent and shared between contributors. Source

How Sam Bankman-Fried's Sentencing Hearing May Play Out

March 27, 2024

Sam Bankman-Fried will find out this week if he is potentially facing decades in prison. Judge Lewis Kaplan is set to sentence him for his conviction last year on two fraud charges and five conspiracy charges tied to the operation and collapse of FTX. Source

Galaxy Digital (GLXY) Earnings Report Shows Several Positive Catalysts in Play: Canaccord

March 27, 2024

“Also, importantly, Galaxy continues to evolve its business model focused on institutional trading,” analysts led by Joseph Vafi wrote, adding that “we were pleased to see further maturation and rollout of the company’s unique crypto-specific prime brokerage product, Galaxy One.” Source

Vitalik Buterin Takes a Dig at the Metaverse, Calls it a Branding Ploy

March 27, 2024

Metaverse tokens have a $18 billion market cap, but we’re not quite at Ready Player One yet. Source

HSBC’s Gold Token Goes Live for Retail Investors in Hong Kong

March 27, 2024

“We are proud that HSBC Gold Token, powered by HSBC Orion, is the first retail product in Hong Kong that is based on distributed ledger technology, as authorized by the Securities and Futures Commission,” said HSBC Hong Kong head of wealth and personal banking Maggie Ng in a statement. Source

Munchables Exploited for $62M Ether, Linked to Rogue North Korean Team Member

March 27, 2024

The broader crypto community is calling for a controversial chain rollback in a bid to recover funds. Source

Near Offers Chain Signatures, Facilitating Multichain Transactions from One Account

March 27, 2024

“Since day one, the NEAR ecosystem has focused on simplifying access to Web3 for developers and mainstream users,” said Illia Polosukhin, co-founder of NEAR. “Chain Signatures is the next step in that journey, making it significantly easier to transact on any blockchain while also defragmenting liquidity across the ecosystem.” Source