2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the spirit of Charles Dicken’s classic, “A Christmas Carol,” we’ll look into crypto …
Yearly archives: 2022
SOL Recovery In 2023 – Will The Solana Mobile Updates Help?
Solana is having a hard time springing back to life. Apparently, the FTX crash has negatively impacted SOL and its bearishness doesn’t seem to improve the crypto’s price. Here’s a quick look on how the crypto has been performing: FTX crash drags price down SOL price nosedives by 2.13% $200 million in crypto wiped out …
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Around Asia, cryptocurrency miners and brokers are closing their doors
Global bitcoin fever swept millions of people between 2020 and the middle of 2022. Converts to blockchain and Web3 reached every nook of the cryptocurrency […] Go to Source
Changpeng Zhao Names Seven Reasons Why People Are Spreading FUD About Binance
Binance CEO Changpeng Zhao (CZ) is addressing what he calls FUD (fear, uncertainty and doubt) surrounding the world’s largest crypto exchange. In a lengthy thread on Twitter, CZ lists seven “non-exhaustive” reasons why he says people like to spread FUD about Binance. CZ starts his thread by saying that many people in crypto impulsively dislike …
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Women who made a contribution to the crypto industry in 2022
2022 saw the continued rise of disruptive blockchain-centric concepts such as decentralized finance, GameFi, nonfungible tokens and Web3. Notably, some of the related projects that thrived in 2022 were headed by women, which is a good indicator of progress in an otherwise male-dominated sector. The increased involvement of women in the cryptocurrency field signals growing …
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French investors sued Binance for over 2.4 million euros in losses
Binance France and its parent company Binance Holdings Limited are being sued by 15 investors in France over alleged misleading commercial practices and fraudulent concealment, according to local media reports. In a complaint filed on Dec. 14, the plaintiffs claimed that Binance violated French laws by advertising and distributing crypto services before receiving registration from …
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Net worth of CZ fell 93% while 10 crypto moguls lost billionaire status in 9 months: Report
For the crypto world, 2022 has been a tumultuous and eventful year with multiple high-profile bankruptcies, record-high scams, and frauds. In early 2022, the Russia-Ukraine war brought the crypto community together and proved its solidarity as people around the globe used crypto to donate and provide aid to Ukraine. Then the collapse of Terra-Luna shook …
Iceberg + Spark + Trino: a modern open source data stack for blockchain
1.The challenge for modern blockchain data stack There are several challenges that a modern blockchain indexing startup may face, including: Massive amounts of data. As the amount of data on the blockchain increases, the data index will need to scale up to handle the increased load and provide efficient access to the data. Consequently, it …
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Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy
Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But overall it seems to be going in a good direction.” Twitter Won’t Go Bankrupt Anytime Soon, …
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Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid
Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to 240 EH/s by 12:00 p.m. …
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As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created
109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via inflation. The Purchasing Power of the U.S. Dollar After the Creation of the …
IRS Delays $600 Crypto Tax Threshold, Citing Need To Clarify Conditions Before Rollout
The Internal Revenue Service (IRS) is delaying rolling out its new $600 reporting threshold for third-party settlements, saying that more clarity is needed before it can kick off. In a new press release, the IRS says that due to the moratorium, third-party settlement businesses will no longer be required to report transactions in 2022 that …
Former Alameda CEO Admits to Using FTX Customer Deposits To Repay Loans on Risky Investments: Report
Caroline Ellison, the former CEO of Alameda Research, says the trading firm made short-term and open-term loans worth billions of dollars to pay for its venture investments. In a transcript of her guilty plea shared by Inner City Press on Twitter, Ellison says she agreed with others to pay for the loans by borrowing from …
Time in the market: Ways to approach crypto investing in 2023
2022 was brutal for cryptocurrency and nonfungible token (NFT) investors. Bitcoin (BTC) hit its yearly low on Nov. 21, almost exactly a year after it reached its all-time high price of $69,044. After such a tumultuous year, how should crypto investors plan for 2023? Firstly, this space has critical risks worth considering before investing. Macroeconomic …
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CZ addresses reasons behind Binance’s recent FUD
Binance CEO Changpeng “CZ” Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange. According to CZ in the thread, Binance’s FUD is primarily caused by external factors – not by the exchange itself. One of the reasons mentioned …
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