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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

[Feb 3, 2023 2:00 AM] Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be…

Key takeaways from Circle’s $44.5B USDC reserve report

[Jan 30, 2023 1:59 AM] Circle has released its reserve report for December 2022, highlighting overcollateralized asset holdings currently backing 44.5 billion USDC tokens in circulation.

Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K 

[Jan 24, 2023 3:30 PM] The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the product comparison web portal finder.com do not believe the leading digital asset will break the $30,000 range this year. Finder’s panel of 56…

Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges

[Jan 22, 2023 4:30 AM] The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a…

Darknet Market Solaris Hacked by Competitor, Elliptic Reveals

[Jan 22, 2023 12:30 AM] A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a…

Switzerland Less Affected by Crypto Industry Crisis, Study Finds

[Jan 21, 2023 5:30 AM] While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country…

Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports

[Jan 20, 2023 11:30 PM] While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be…

Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy

[Jan 20, 2023 12:05 PM] According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along…

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

[Jan 10, 2023 11:30 PM] On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board…

Why DeFi should expect more hacks this year: Blockchain security execs

[Jan 8, 2023 7:30 PM] One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.

Metaverse to possibly create $5T in value by 2030: McKinsey report

[Jan 7, 2023 2:05 AM] The success of Metaverse will rely on a greater focus on maximizing the human experience aimed at delivering positive experiences for consumers, end-users, and citizens.

US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year

[Jan 6, 2023 6:30 AM] The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any…

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

[Jan 2, 2023 9:30 AM] Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered…

ECB to Decide Whether to Issue Digital Euro in 2023

[Dec 24, 2022 5:30 AM] The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to…

Be ‘very wary’ of crypto proof-of-reserve audits: SEC official

[Dec 23, 2022 12:04 AM] SEC’s acting chief accountant Paul Munter said that investors shouldn't place too much confidence in a company holding up a proof-of-reserves audit.

Metaverse experience to sway real-world travel choices in 2023: Survey

[Dec 17, 2022 1:00 AM] A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices.

5 key takeaways from Huobi 2022 crypto industry report

[Dec 16, 2022 4:20 AM] Huobi’s most recent industry report dissects the most discussed crypto-related terms, countries with high levels of activity in the industry, regulations and more.

Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

[Dec 11, 2022 10:30 PM] Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such…

Blockware Solutions' 2023 Forecast Estimates Bitcoin Low Is In

[Dec 9, 2022 10:38 AM] In its 2023 Market Forecast, Blockware Solutions highlighted bullish metrics, slowing ASIC advances and the global energy crisis.Blockware Intelligence, the research arm of Blockware Solutions, has released its 2023 forecast, which indicated, among…

Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal

[Dec 7, 2022 12:30 PM] According to a report, the American singer-songwriter Taylor Swift was allegedly courted by FTX to promote the exchange. Sources say the deal was worth more than $100 million and it was reportedly pushed by the FTX executive Claire Watanabe…

Bitcoin is the king of crypto brand awareness for Aussies: Report

[Nov 28, 2022 7:55 AM] The IRCI report states that Australians still believe in Bitcoin and that the boomer demographic is growing in conviction.

Separating Web3 facts from fiction: Report

[Nov 24, 2022 11:14 AM] Web3 promises plenty of lofty goals and ideas, but what is it really, and are we close to achieving the dream?

Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils

[Nov 22, 2022 8:00 AM] Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have…

Genesis denies 'imminent' plans to file for bankruptcy

[Nov 21, 2022 7:32 PM] The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.

Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

[Nov 14, 2022 8:02 PM] The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.