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2023-01-05 03:03:01 Bitcoin Miner Riot Rebrands With Business Strategy Expansion

The company’s growth goal to continue growing its increasingly diversified business operations is supported by the rebranding, which signifies a rejuvenation. It is still committed to finding ways to improve the company’s expansion plans across all of its expanding, vertically integrated business lines. The company’s rebranding strategy, which entails further diversifying its commercial operations, and it reflects a commitment to becoming the premier Bitcoin-driven infrastructure platform in the world. Riot is still committed to finding ways to improve the company’s expansion plans across all of its expanding, vertically integrated business lines. While Riot’s electrical equipment manufacturing business will continue to run under the ESS Metron.

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2023-01-04 21:14:01 Number Of Bitcoin Addresses Holding Over 1,000 Coins Reached A 3-year Low

The number of Bitcoin addresses holding more than 1,000 Coinsjust reached a 3-year low of 2,031. Bitcoin addresses with more than 1000 coins are the wallet addresses of sharks or whales, who hold the majority of the current Bitcoin supply and have a certain influence on the number of coins they hold. On January 2, Glassnode data shows that the number of addresses holding more than 1,000 Bitcoins is 2,031, a three-year low.Bitcoin addresses with more than 1000 coins, in other words, these are the wallet addresses of sharks or whales, who hold the majority of the current Bitcoin supply and have a certain influence on the number of coins they hold. The number of Bitcoin supply last activities 2-3 years (1d MA) has also risen to a one-year high.

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2023-01-04 15:14:01 Bitcoin Mining Revenue In 2022 Dropped 37.5% To $9.55 Billion

Bitcoin mining revenue in 2022 fell 37.5% year-on-year to $9.55 billion. The market suffered the most from the collapse of LUNA-UST in May and the fall of FTX in November. Top miners such as Core Scientific, Greenidge Generation, and Stronghold Digital Mining also hit hard. Along with poor market conditions, miners also suffered from high electricity costs and record mining difficulty. Data shows that Bitcoin mining revenue in 2022 will drop to $9.55 billion, down 37.5 percent from $15.3 billion in 2021. Since the culmination of a significant rally in 2021, the cryptocurrency has lost more than $2 trillion in market capitalization to less than $900 billion.several companies and projects that failed famously have caused shock waves in the past year.

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2023-01-04 09:14:01 Justin Sun: Huobi Plans To Reach 100 Million Users By 2023

On January 3, Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, shared on his account that Huobi plans to reach 100 million users in 2023.Meanwhile, Huobi still needs to explain about Pi Network, accusing the exchange of arbitrarily listing Pi.Justin Sun is proud to present Huobi Exchange which has 100% uptime and has not had a single security breach in the industry in the past ten years. This is because it operates in an industry where cyber-attacks and hacks are widespread.However, in further development, Pi Network has officially listed on the Huobi exchange. According to the latest statement, Huobi announced it would be opening Pi (Pi Network) spot trading (PI/USDT ) at 09:00 (UTC) on December 29.

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2023-01-04 03:14:01 VanEck forecasts BTC price to hit $10K to 12K in Q1,$30K by Q3

Investment manager VanEck’s head of Digital Assets Research Matthew Sigel predicts Bitcoin (BTC) will hit $10,000 to $12,000 in the first quarter, which will mark the bottom of the bear market.Sigel added that prices will fall to these levels “amid a wave of miner bankruptcies.” In the company statement, Sigel reported that the MVIS Global Digital Assets Mining Index median market cap now rests at $180 million, “with nearly all constituents burning cash and trading well below book value. Sigel also predicted that Ripple losing the SEC lawsuit “may coincide with this final downdraft, which would take out nearly the entirety of the post-2020 halving bull market.”

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2023-01-03 21:14:00 UK Enforces Crypto Tax Break For Foreigners Who Appoints Local Brokers To Invest

From January 1, 2023, the United Kingdom will implement a tax exemption policy for foreign investors who appoint local brokers or investment managers to invest in cryptocurrencies. This will prevent the appointment of UK managers for crypto-related funds from being delayed. The nation already provides resident cryptocurrency dealers with tax advice. HM Revenue and Customs (HMRC) released a consultation in July to solicit opinions from experts and investors on how it should tax decentralized finance. HMRC said the exemption was an important factor in attracting global investors, meaning foreign investors would not be brought under tax simply by appointing a UK investment manager.

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2023-01-03 15:14:00 Binance to Re-Enter South Korea by Acquiring Local Exchange

The world’s largest crypto trading platform is reportedly close to completing the acquisition of Gopax – one of the most utilized Korean exchanges. Binance had “recently completed due diligence on the acquisition of Gopax.”. The coverage said Binance planned to announce the purchase around Christmas, but it was delayed due to last-minute discussions about the value of the deal. The CZ-led exchange will buy a 41.2% stake from Gopax’s current CEO – Lee Jun-Haeng, who is also the largest shareholder. Gopax is one of the five largest digital asset exchanges in Korea, alongside Coinone, Upbit, Corbit, and Bitsum.

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2023-01-03 10:10:00 Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

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. Cryptocurrency trade volumes worldwide have significantly declined since the beginning of the year. For example, on Jan. 2, 2022, one year ago, the global trade volume for the 24-hour period was approximately $70.48 billion, according to archived coingecko.com statistics. Today’s 24-hour volume worldwide is 67.43% less at $22.95 billion. In addition, 71.63% of all trades on Jan. 1, 2023, were paired with the cryptocurrency economy’s stablecoins.

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2023-01-03 03:14:00 Sam Bankman-Fried’s Alameda Research troubles predate FTX

SBF had claimed that the operations of FTX and Alameda were independent, but the recent lawsuit has revealed that both firms worked in conjecture from day one. New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm. A report published in The Wall Street Journal citing former employees revealed that Alameda incurred heavy losses from its trading algorithm. The algorithm was designed to make a large number of automated and fast trades. However, the firm was losing money by guessing the wrong way about price movements. SBF used the event to get in touch with investors to get funding for his failing trading firm.

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2023-01-02 21:14:01 Australia overtakes El Salvador to become 4th largest crypto ATM hub

El Salvador, the first country to legalize Bitcoin has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. El Salvador’s drive to establish Bitcoin as a legal tender, President Nayib Bukele had decided to install over 200 crypto ATMs across the country. While this move made El Salvador the third largest crypto ATM hub at the time after the United States and Canada in September 2021, Spain and Australia overtook the Central American country’s ATM count in 2022.

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