2022 – DIGIT INFO

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

DIGIT — Tue, 14 Feb 2023 05:45:00 +0000

Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain.
Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion
Bitcoin mining company, Iris Energy, announced plans […]

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US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles

DIGIT — Mon, 13 Feb 2023 09:30:01 +0000

A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S. Securities and Exchange […]

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Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High

DIGIT — Sun, 05 Feb 2023 17:00:49 +0000

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the […]

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

DIGIT — Mon, 09 Jan 2023 01:30:18 +0000

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.

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Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

DIGIT — Sun, 08 Jan 2023 16:00:05 +0000

Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy […]

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Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?

DIGIT — Mon, 02 Jan 2023 21:30:14 +0000

Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of the volcano bonds, and also the construction of Bitcoin […]

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Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

DIGIT — Mon, 02 Jan 2023 18:30:15 +0000

In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an […]

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Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

DIGIT — Sun, 01 Jan 2023 16:00:10 +0000

According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the FTX collapse, global cryptocurrency trade volumes were approximately […]

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NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week

DIGIT — Sat, 31 Dec 2022 21:00:43 +0000

Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales are down this week, 13.97% lower […]

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More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse

DIGIT — Tue, 27 Dec 2022 12:30:26 +0000

For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were withdrawn from a myriad of crypto trading platforms worldwide. $6 Billion in Bitcoin, Over $5 Billion […]

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