Trezor reports 300% surge in sales revenue due to FTX contagion
The hardware wallet firm is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of the FTX failure. Go to Source Powered by WPeMatico
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Amid FTX collapse, crypto funds see largest inflows in 14 weeks
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy. Go to Source Powered by WPeMatico
Former Huobi-linked entity says it has $18.1 million stuck on FTX
Lin Li, the company’s founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients. Go to Source Powered by WPeMatico
Arbitrum sees steady growth as airdrop speculation leads to increased earnings
Arbitrum earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop. Go to Source Powered by WPeMatico
Is GPU mining profitable after the Ethereum Merge?
The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network. Go to Source Powered by WPeMatico
Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX
CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX. Go to Source Powered by WPeMatico
Bitcoin miner Canaan scales operations despite low earnings, CEO says
Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business. Go to Source Powered by WPeMatico
Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year
A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees in a number of European countries. Cyberpolice Department Busts Ukrainian Arm of International Financial Fraud Scheme The cybercrime combatting unit of … Read more
Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto
The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year. Russia’s Central Bank Takes Legislative Initiative in … Read more
Crypto token supplies explained: Circulating, maximum and total supply
Circulating, maximum and total supply are all essential metrics for an investor’s price discovery. Find out here what they are and how they can be used. Go to Source Powered by WPeMatico