Tag: OneThird

Coinbase’s one-third revenue ‘at stake’ as SEC battle faces dismissal challenges

Experts doubt a quick end to Coinbase’s battle against the SEC, citing the challenge of proving listed tokens are not securities. The American cryptocurrency exchange Coinbase is unlikely to overcome its legal challenges with the U.S. Securities and Exchange Commission (SEC) soon, as the Wall Street Journal reports that the exchange’s request for dismissal, scheduled for Jan. 17, is considered a long shot by legal and financial insiders. Lisa Bragança, a lawyer and former SEC enforcement branch chief, stated that the case is unlikely to be dismissed, as proving that…

One-third of all CFTC crypto enforcement actions took place this year: Chair Behnam

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United States Commodity Futures Trading Commission (CFTC) chair Rostin Behnam highlighted his agency’s activity in the crypto sphere and the need for up-to-date legislation at the Financial Industry Association Expo 2023 event in Chicago. He described the CFTC Enforcement Division’s efforts as a “nonstop drumbeat.” In the text version of his keynote address to the industry group, Behnam recounted the $6 billion his agency collected in penalties in fiscal year 2023. He added: “45 of those [enforcement] actions this fiscal year involved digital asset related misconduct, representing over 34% of…

Nearly one-third of bitcoin’s circulating supply possibly lost: report

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data from blockchain analytics company IntoTheBlock indicates that approximately 29% of the total Bitcoin supply, which has remained stagnant for over five years, might be lost forever. Fresh data unveiled by the blockchain analytics firm, IntoTheBlock, reveals that close to 29% of Bitcoin’s total circulating supply might be lost forever, showing no signs of movement for over five years. This highlights an inherent attribute of Bitcoin (BTC) – its scarcity – as only 21 million…

Crypto Services Company Prime Trust Lays Off One-Third of Staff

Last week, Prime Trust said it would be suspending business operations in Texas by Jan. 31 after withdrawing its applications to receive a money transmitter license (MTL) in the state. The company declined to comment at the time on why the application was withdrawn, but public records show Prime Trust was fined nearly $30,000 by Texas regulators in 2022 for conducting money transmission activities in the state without a license. Source

One-third of singles are ready to date in the Metaverse: Survey

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Online dating has already become a commonplace activity in modern-day romance. Data from Statista forecasted nearly 280 million online dating users by 2024. Now with data from a recent survey conducted by Dating.com, an online matchmaking platform, the numbers say many singles are ready to take their search for love into the metaverse. According to the survey, those looking for love continue to turn to technology, with 33% of singles planning to date in the metaverse. The survey highlighted that the use of metaverse avatars can help put an emphasis on, “communication…

Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The second week of November could have been a bullish week, as Consumer Price Index data released on Nov. 10 indicates lower-than-expected inflation. This resulted in a significant rally for traditional stocks, but the crypto ecosystem is currently fighting its own demon. The FTX turmoil has not just tanked the price of the native FTX Token (FTT) but any token associated with Sam Bankman-Fried…

BNB Chain DeFi ecosystem recovers almost one-third in three months

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After a year-long struggle to fend off the market bears, parts of the crypto ecosystem started showing signs of recovery in the third quarter of 2022. BNB Chain’s Q3 report confirms significant growth in crypto trading volumes and decentralized finance (DeFi) but a drop in nonfungible token (NFT) trading. According to DappRadar BNB Chain Report Q3, BNB Chain retained its position as the second biggest DeFi blockchain after Ethereum, with a total value locked (TVL) of $7.6 billion. On the DeFi side of things, BNB Chain suffered a 93% decrease…

High Bid on NFT of Ethereum’s Final PoW Block Is Just One-Third What Creators Paid to Mint It

VanityBlocks, a relatively new NFT collection, paid some 30 ether, or just over $48,000, in fees to crypto miner F2Pool, which mined the final transaction, to mint the NFT, paying some 1.3 ether as transaction fees. However, the NFT had received just three bids as of Thursday at roughly 15:00 UTC, with the highest bidder, OpenSea user “lossy-eth,” offering just 10 ether. Lossy’s bid was about five times that offered by Nostalgia_NFT, which bid just 2 ether. Meanwhile, “cryptogle” bid just 0.5 ether. All three bids are currently active on…

One-third of estimated 115M Indian crypto users concerned about regulations

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India is now home to an estimated 115 million cryptocurrency investors despite a historically negative attitude towards the sector from the government, according to new data. The latest gauge on the number of users in India comes from cryptocurrency exchange KuCoin, which released the findings of its ‘Into The Cryptoverse India Report’ survey on Aug. 23. The estimated 115 million crypto users represent around 15% of the Indian population aged between 18 and 60. A key highlight was the 33% of survey takers concerned by ambiguous government regulations that could…

A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate

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The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that provides the average monthly hash rate produced by each country across the globe. The map is informed by the data of mining pools ViaBTC, Poolin, and BTC.com. Cambridge claims the platform is the first to publicly offer a geographic breakdown of Bitcoin (BTC) hash power distribution. China represents 65% of hash power Unsurprisingly, the map shows the vast majority of hash power is located within China — with 65.08% of the global total. That’s almost nine…