Tag: Report

Blockchain-based Games Rallied Up 2,000% in One Year, DappRadar’s Latest Report Shows

DappRadar, a major online platform that offers information and insights about all the existing blockchain-based decentralized applications (DApps), Wednesday disclosed through its Blockchain Games Report that interest in blockchain-based games has risen by 2,000% since Q1 of 2021. The study shows that blockchain games are leading in decentralized applications, which put them at 52% of all blockchain activities. The report further reveals that blockchain games attracted 1.22 million unique active wallets (UAW) in March of this year. According to the report, Axie Infinity, a platform that offers decentralized games, was…

IMF global financial stability report sees complex roles for cryptocurrency, DeFi

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According to the International Monetary Fund’s Global Financial Stability report released Tuesday, the war in Ukraine — following hard on the heels of the coronavirus pandemic — has led to a tightening of global financial conditions. Rapid changes in fintech and the uses and misuses of cryptocurrency play into the jumble of challenges facing the global economy. According to the report, the pandemic and war have led to accelerated “cryptoization” in emerging markets, due to increased speculative interest during the pandemic and then attempts to evade sanctions. Given compliance within…

Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether – Bitcoin News

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On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets. Ethereum Foundation Holds $1.294 Billion in Ether The Ethereum Foundation is a non-profit organization that’s dedicated to fostering growth within the Ethereum ecosystem. The recently published EF April 2022 report explains that there are various ways the EF bolsters the Ethereum environment. EF creates teams focused…

Bitcoin․com Exchange Market Insights Report for April 2022 – Promoted Bitcoin News

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This is the inaugural monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto market performance In late March, BTC tested $48,000, a key resistance level which had not been reached since September last year. After failing to push through, the marquee crypto saw a reversal to the $40-42,000 level. This had been acting as new support, notably higher than the previous support of $36-38,000 seen in the first quarter…

Access to Bitcoin Lightning Payments Has Grown by 800% in 1 Year – Report

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Quick take: An estimated 80 million crypto users now have access to Bitcoin’s Lightning network This is an 800% growth from one year ago when the figure stood at 100,000 The increased access to the Bitcoin Lightning network is due to several applications integrating the payment option Hyperbitcoinization is not the only way the Lightning Network can flourish The provision of cheap fiat-to-Bitcoin conversions will make it the preferred network for crypto users According to a report by the team at Arcane Research, a record 80 million crypto users now…

Coinbase exploration report leads to over 100% price gains for MITX, KROM and BDP

United States-based cryptocurrency exchange Coinbase sent waves across the cryptocurrency ecosystem on Apr. 11 when it released a list of 50 crypto assets that were under consideration for listing in the second quarter of 2022 in a bid to increase the transparency of its listing process.  Responses to the release were mixed and led to some allegations of insider trading by crypto sleuths, while a majority of crypto traders took a deeper dive into the list in an attempt to discover diamonds in the rough. Following a week’s worth of…