Month: January 2022

JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues

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A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this … Read more

Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero

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Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid ponzis” and that the bear market would eventually lead their prices to zero. Maker Co-Founder Calls Out … Read more

These 3 Metaverse Crypto Coins Gained Over 1000% In Price Today

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Crypto markets continue to show bearish momentum looking for new support. Metaverse crypto coins are struggling today, but some show significant price gains. This article looks at the top three Metaverse crypto coins that gained over 1000% in price today, ordered by 24-hour growth, lowest to highest. 3. Metacraft (MCT) +1087% Launched in January 2022, … Read more

Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years

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U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other police boroughs. UK Police Reveal Information About Seized Crypto Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million ($435 … Read more

Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices

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Institutional investors are optimistic about the U.S. Securities and Exchange Commission (SEC) having more power to regulate the crypto market, a recent survey shows. They believe that if the SEC is granted extra powers, the prices of cryptocurrencies will be positively impacted. What Institutional Investors Think About Crypto Nickel Digital Asset Management, a regulated European … Read more

Report: Illicit Crypto Addresses Received $14 Billion in 2021, Only 0.15% of Transaction Volume Associated With Crime

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According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost twice the $7.8 billion that was recorded in 2020, it represents just 0.15% of the 2021 cryptocurrency transaction volume. Percentage of Funds … Read more