New data reveals that the number of crypto ATMs grew in 2022 despite a tumultuous year for the digital assets industry. According to Coin ATM Radar, an ATM-tracking app, the number of Bitcoin (BTC) ATMs has increased by a staggering 506% since January 2020, when there were 6,362 BTC ATMs. The data shows there are …
Yearly archives: 2022
Cardano Massively Dominated Ethereum, Polygon and Seven Altcoins in 2022 on One Metric: Santiment
Crypto analytics platform Santiment is revealing that Cardano (ADA) led all other blockchain protocols on one critical metric this year. Santiment says that Cardano had the highest level of development activity in 2022 in the crypto ecosystem ahead of Ethereum (ETH) and other blockchain protocols. Based on the submissions to the software development hosting platform …
SBF to enter plea deal, Mango’s exploiter arrested, and Celsius news: Hodler’s Digest, Dec. 25-31
Top Stories This Week Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to …
2023 will see the death of play-to-earn gaming
Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years. Gamers have embraced the opportunity to collect cryptocurrencies or nonfungible tokens (NFTs) that have been produced in blockchain-based games. Through the advent of this new technology, players have been able to generate income by selling in-game NFTs or earning cryptocurrency rewards, both …
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Bitcoin Price Prediction for Today, December 31: BTC/USD Could End the Year 2022 Further Lower
The Bitcoin price prediction shows that BTC remains at a risk of more downsides below the $16,000 support before the end of the year. Bitcoin […] Go to Source
Crypto Bull Tom Lee Reveals 2023 Macro Outlook, Says This Year’s Terrible Conditions Are ‘Unlikely To Persist’
Fundstrat Global Advisors’ managing partner Tom Lee thinks the terrible macroeconomic conditions of 2022 are “unlikely to persist” next year. In a new Twitter thread, Lee says that he thinks inflation is falling faster than the markets and the Federal Reserve expect. The CNBC contributor also notes the Fed likes to see a strong labor …
US lawmakers under pressure following FTX collapse: Report
Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX’s collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies. Several proposals are in the works …
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OpenSea’s dominance shrank 23% in 2022
CryptoSlate looked into Glassnode data to evaluate OpenSea’s performance in 2022 and revealed that the marketplace’s dominance fell to 33% from 50% in January. At the beginning of the year, OpenSea corresponded to 20% of the total Ethereum (ETH) gas usage. This percentage declined throughout the year to see 9%. The marketplace’s NFT transfer count …
27 stats about NFTs in 2022 – who are the big winners?
At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry. The massive influx of collections, new marketplaces, and easy money in the space created the perfect mix of incentives for fraudulent activity. As we know, I published an …
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Ex-Meta crypto head expects crypto winter to drag through 2024
David Marcus, founder of Bitcoin (BTC) payments firm Lightspark, disappointed crypto bulls hoping for a quick crypto market recovery, as he predicted that the bear cycle will likely last through 2024. In a blog post on Dec. 30, Marcus, who was the co-creator of Meta’s scrapped crypto project Diem, wrote: “We won’t exit this “crypto …
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Only 0.39% of Elon Musk’s $200B loss is due to BTC volatility
Elon Musk became the first person ever to lose $200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which corresponds to 0.39% of Musk’s loss. Musk’s personal fortune was at $340 billion on Nov. 4, 2021, which made him the richest man in the world. On December 2022, Musk’s …
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Research: Nearly $9B worth of ETH was burned in 1.4 years
The second largest cryptocurrency by market cap, Ethereum (ETH), implemented a token burn mechanism on Aug. 5, 2021, through the Ethereum Improvement Proposal (EIP) 1559 upgrade. Since then, nearly $9 billion worth of tokens have been burned cumulatively, data from Glassnode indicates. A total of around 2.8 million ETH tokens have been removed from the …
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Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure
According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTX’s collapse. He believes that future cryptocurrency bull runs probably won’t happen. However, Moss says that bitcoin will continue to see demand as it is “solving a problem that has plagued humanity from Day …
China’s Digital Yuan Little Used, Former Central Bank Official Says
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker believes. Common People Used …
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Top Crypto Gainers Today December 31 – TWT, SOL, FGHT, D2T, RIA, TARO
The cryptocurrency market on Saturday, December 31, 2022, was flashing green, as the wider market stepped on the shoulders of leading cryptocurrencies Bitcoin (BTC) and […] Go to Source