Tag: Report

Liquid staking claims top spot in DeFi: Binance report

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Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023.  Within the report, the crypto exchange highlighted that liquid staking had dethroned decentralized exchanges (DEXs) as the top-ranking DeFi category by TVL as of April 2023.  The staking mechanism was a crucial part of staking Ether (ETH) before the Ethereum Shanghai upgrade when users were unable to…

Terraform Labs appoints new CEO from existing team: Report

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As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO. Kwon still remains the principal shareholder of Terra.  According to The Wall Street Journal, U.S. citizen Chris Amani is Terra’s new CEO. Amani has worked for Terra since 2021, serving as a chief operating officer and chief financial officer. Before that, he was a CEO at the scheduling solution provider Humanity. According to Amani’s LinkedIn, he’s been working…

Crypto Exchange Binance Hits Pause on Certain Employee Perks, Cites Decline in Profits: Report

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Top global crypto exchange Binance is reportedly eliminating some employee benefits due to a decrease in profits. Anonymous former company employees told the Wall Street Journal that the exchange sent out an email last month announcing it was putting a stop to work-from-home expenses and reimbursements for mobile phones and fitness, among other benefits. The WSJ also viewed a message from Binance’s internal messenger that confirmed those details.  Said the message, “Considering the current market environment and regulatory climate that has unfortunately led to a decline in profit, we have…

Apple has its own GPT AI system but no stated plans for public release: Report

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Apple’s reportedly working on its own generative pre-trained transformer (GPT) artificial intelligence (AI) model. However, there’s no indication that the company has any plans to launch it to the public. Per a July 19 report from Bloomberg, Apple’s internal GPT system is called “Ajax.” It’s purportedly similar to OpenAI’s ChatGPT and Google’s Bard. Apple has a longstanding reputation for developing its products inside of a walled garden. While “Ajax,” which Bloomberg reports some engineers have referred to as “Apple GPT,” could eventually turn into a consumer-facing product, its current infrastructure…

CoinMarketCap’s H1 2023 report says Q2 was a ‘lost quarter’

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Crypto data aggregator CoinMarketCap has released its “According to CMC: Crypto Market Analysis H1 2023” report. Within the report, the coin information website described the second quarter of 2023 as a “lost quarter” due to several factors, including the lack of a strong market narrative compared to the first quarter of the year. A few areas, however, experienced strong growth and resilience, the report notes. According to the report, Q1 2023 showed more positive developments, such as Bitcoin (BTC) doubling in price and the rise of layer-2 scaling solutions like…

Bitcoin miners hedging with recent sell-offs: Bitfinex report

Bitcoin (BTC) mining companies are employing derisking strategies by offloading BTC to exchanges, according to a market report from Bitfinex. The cryptocurrency trading platform’s latest newsletter addresses the Bitcoin mining sector at length, highlighting a recent surge in miners selling large volumes of BTC to exchanges. This has led to a corresponding increase in the value of shares in Bitcoin mining companies as institutional interest in BTC picks up in 2023. The report notes that Poolin has accounted for the highest amount of BTC sold to the market in recent…

Polychain Capital, Coinfund raise $350M for new crypto funds: Report

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Over $350 million has been raised by crypto venture capital firms Polychain Capital and Coinfund, whirespective reported raises of $200 million for a new investment fund and $152 million for a seed fund. A July 18 Forbes report said Polychain’s $200 million sum was raised in the “first close” of its fourth investment fund, according to sources familiar with the matter. The close means Polychain has now signed agreements with investors and can begin issuing funding to startups and projects. Despite the significant raise, Polychain still intends to raise $400…

Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report

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Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, is reportedly planning to meet with members of Congress to discuss digital asset legislation and related issues. According to a July 17 Bloomberg report, Armstrong has a scheduled meeting with the New Democrat Coalition, a group of roughly 100 Democrats in the House of Representatives focused on advancing “innovative, inclusive, and forward-looking policies.” The Coinbase CEO will reportedly speak with the lawmakers on digital asset legislation as well as how the technology could potentially impact national security, privacy and the…

Venture Capital Funding to Web3 Plummets 76%, Crunchbase Report Shows

Web3 was defined by Crunchbase as cryptocurrency and blockchain startups, which have been hit hard by the ongoing crypto winter. While VC funding has slowed overall, with Crunchbase reporting an 18% drop across all sectors in the second quarter of 2023, crypto-related funding has had a much steeper decline. Meanwhile artificial-intelligence (AI) startups have become the new shiny object for investors, seeing $25 billion in funding in the first half of 2023. Source

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…