Tag: Report

Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023 – Altcoins Bitcoin News

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Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while crypto assets such as bitcoin and ethereum saw gains of 30% or more in 30 days, privacy tokens like monero and zcash saw more modest increases, with growth ranging from 8.7% to 10.6% in the last month. Top Privacy Coins See Slow Growth as Market Capitalization Increases by a Mere $2 Billion in 90 Days…

Ethereum gas price spikes 29% in January as user activity grows: Report

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Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction, showcased through on-chain activities on the Ethereum blockchain. According to a data report from Analytex, Ethereum’s average gas price — calculated in terms of the smallest Ether (ETH) denomination, gwei — increased by 29.27% in January 2023. The report compares gas prices from January to December 2022, noting an increase in user activity as a key indicator for the rise in average gas price…

DCG offloads Grayscale shares to raise capital: Report

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Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings, DCG sold around a quarter of its shares in Grayscale’s Ether (ETH)-based fund for around $8 per share, despite each share holding a claim to nearly double that amount in ETH. The market price per share (gray) vs holdings per share (green) of the Grayscale…

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils – Bitcoin News

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The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked to North Korea Get Hold of Crypto Worth Over $1 Billion in a Year North Korea has stolen more crypto assets in 2022 than in any other year, according to a United Nations report which is to be released…

Bitcoin BTC Favored Over Ether ETH by CME Traders in 2023 So Far , Arcane Research Report Shows

Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CoinDesk that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard fork, which will allow validators who help operate the network to withdraw 16 million staked ETH, “is expected to add selling pressure.” Source

Bitcoin On-Chain Metrics Look Bullish, Bitfinex Report Highlights

“This implies that larger and longer-term investors currently hold profitable on-paper spot positions,” Bitfinex analysts wrote in a report. “This trend is healthy for the latter half of a bear market as a sustained 30-day uptrend after an extensive downtrend on this indicator has historically provided a good buy signal for the following two years,” the report added. Source

North Korea stole more crypto in 2022 than any other year: UN report

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A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far. The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630 million and more than $1 billion in stolen crypto assets last year and targeted networks of foreign aerospace and defense companies. The UN report also noted that cyber attacks were more sophisticated than in previous years, making tracing stolen…

Crypto ad deals for Super Bowl LVII fell apart after FTX collapse: Report

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Fans watching the Kansas City Chiefs face off against the Philadelphia Eagles in Super Bowl LVII on Feb. 12 will reportedly not see a plethora of ad spots for cryptocurrency companies as they did in 2022. According to a Feb. 6 Associated Press report, there had been four potential deals with crypto firms for commercials costings roughly $6 to $7 million in the 2023 Super Bowl, all of which fell apart following the FTX bankruptcy filing in November. Fox Sports’ executive vice president of ad sales Mark Evans reportedly said…

Digital bank Revolut launches crypto staking for UK and EEA customers: Report

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United Kingdom-based neo-banking platform Revolut, which boasts 25 million customers globally, has introduced crypto staking to its U.K. and European Economic Area (EEA) customers.  According to a report from London-based news agency AltFi, the staking feature is expected to go live this week, allowing users to generate income on their crypto assets during its “soft testing” phase. At present, the staking feature is available for Polkadot’s DOT (DOT),  Tezos’s XTX (XTZ), Cardano’s ADA (ADA) and Ether (ETH), with yields ranging from 2.99% to 11.65%. However, these yields are not guaranteed.…