Tag: Report

Crypto Payments Soared To Unprecedented Levels In 2023, CoinGate Report Reveals

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The year 2023 witnessed a remarkable surge in crypto payments, signaling a significant milestone in adopting digital currencies for retail and e-commerce transactions.  According to a recent report by CoinGate, a crypto payment processor firm, the number of crypto payments processed reached staggering heights, showcasing robust growth and diversification in the crypto landscape.  Massive Surge In Crypto Payments In 2023, CoinGate processed an astounding 1,294,058 cryptocurrency payments, marking a 39.4% increase compared to the previous record. This exponential growth, equivalent to one payment every 24 seconds, underscores the accelerating pace…

New Report Predicts When The XRP Price Will Cross $1.56

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A recent crypto report has delved into the XRP price, forecasting the cryptocurrency to surpass the $1 peg in 2024. The report also included predictions for the cryptocurrency’s pricing over the next few decades.  2024 Monthly Prediction Popular cryptocurrency exchange, Changelly published a new XRP price report on January 5, providing a comprehensive forecast of the cryptocurrency for each month in 2024. Before outlining its predictions, the crypto exchange delved into XRP’s past successes and hurdles between 2017 till date. In 2018, when XRP reached its price peak of $3.84,…

Taiwanese crypto exchange founder arrested for fraud: Report

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Authorities in Taiwan have reportedly arrested David Pan, the founder of Ace Exchange, for allegedly committing fraud using cryptocurrencies.  According to a Jan. 4 report from the Liberty Times, the Taipei City police arrested Pan and 14 others following raids on several locations, including Ace’s headquarters. The authorities reportedly alleged the individuals earned roughly 200 million Taiwanese dollars — $6.4 million at the time of publication — in illegal gains by deceiving investors with false crypto claims. In a Jan. 4 statement on X (formerly Twitter), Ace said any alleged…

Revolut Posts Delayed 2022 Financial Report, Reveals Revenue of $1.2B

Revolut anticipates that its revenue for 2023 will continue its growth trajectory. British online banking company Revolut has finally published its delayed 2022 annual financial earnings report on Friday, December 22. The company reported a significant 45% increase in revenue for the year, reaching £922.5 million worth appropriately $1.2 billion. The pre-tax loss, in turn, dropped to £25.4 million ($32.2 million), a notable shift from the restated profit of £39.8 million in 2021. Revolut’s 2022 Financials The 2022 earnings results came after the firm received approval in September from the…

Institutional Investors Increase Bitcoin Appetite Ahead Of Spot ETF, Report Shows

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A report by K33 research analysts has provided insight into how much institutional investors’ appetite for Bitcoin has increased ahead of a potential approval of a Spot BTC ETF. The research firm emphasized a particular indicator to drive home their point and provided further insight into what the future holds if these ETFs get approved. The Derivatives Market: An Indicator Of Institutional Interest  In Bitcoin In the report written by K33’s Senior Analyst Vetle Lunde and Head of Research Anders Helseth, they noted that the derivatives market was important as…

S&P’s Stablecoin Report Is a Vote of Confidence for Crypto

That said, of the eight stablecoins S&P reviewed, several received lackluster scores. Most notably Tether’s USDT, the largest stablecoin by market cap and most used crypto asset in terms of trading volume, was given the fourth-lowest score in range from 1 to 5. Meanwhile MakerDAO’s dai (DAI), popular across decentralized finance (DeFi), and the Justin Sun-backed TrueUSD, the fourth and fifth largest stablecoins, respectively, were also given low scores. Source