Tag: Report

Total stablecoin supply hits $180 billion: Report

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Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that the stablecoin supply has hit the milestone amount of $180 billion.  The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. In times of market volatility, stablecoins can offer price stability, backed by specific assets or algorithms. Source: CryptoRank Over the month of February, three stablecoins entered the top 10 coins by market capitalization as Binance USD (BUSD) briefly entered. According to Arcane Research,…

Journalist alleges Mimo Capital co-founder was behind 2016 exploit of The DAO: Report

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Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016. According to a Tuesday Bloomberg report, Shin claimed that she had “extremely strong evidence” that Mimo Capital co-founder Toby Hoenisch was responsible for removing more than 3.6 million Ether (ETH) from The DAO in June 2016 — roughly $50 million at the time. An unknown hacker used an exploit to drain roughly…

Analyst comments on Deutsche Bank report

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As an unlikely but welcomed source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity.  A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy at Deutsche Bank, told Cointelegraph: “It is interesting to note the deep bullishness for cryptocurrencies. Even in an extremely bearish crypto market in which values were to drop 80%, less…

Georgia punches well above its weight for Bitcoin mining: Report

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At first glance, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining activity. An underdog for mining, the country boasts abundant hydropower while ranked seventh worldwide for the World Bank’s ease of doing business index –ahead of the United Kingdom and Germany. Nestled on the Black Sea at the intersection of Europe and Asia, Georgia hosts Bitfury’s industrial mining operations as well as smaller, solo miners that tap into enormous amounts of hydroelectric power. Dutch miner Bitfury’s Bitcoin mining operation at the foot of the Tblisi National Park.…

DeFi may turn to DAO governance to reduce regulatory risks in 2022: Report

KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs). With the DeFi ecosystem continuing to be plagued by criminal whales, the risks of financial loss within the sector are becoming more apparent. Because of this, calls to regulate decentralized finance began taking flight in 2021, and the sector has started to face enforcement actions over the past year. As…

Low Millennial financial well-being drives crypto adoption: report

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Data shows that Millennials in the United States are flocking to alternative financing methods such as crypto assets to boost their financial well-being. A report titled The State of Consumer Banking & Payments by Morning Consult in January found that Millennials are adopting new technologies to help them make financial decisions at a higher rate than any other generation. The author of the report, financial services analyst Charlotte Principato, combined data from 50,000 different respondents to monthly surveys conducted in the U.S. and internationally from July to December 2021. Principato…

Biden expected to issue executive order on crypto and CBDCs next week: Report

The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework. In a Thursday report from Yahoo! Finance, Jennifer Schonberger said an official familiar with the matter within the Biden administration revealed the executive order could arrive as soon as next week. The directive from President Biden would reportedly order the Office of the Attorney General, the State Department, and the Treasury Department to study…