📉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.
One of the original Bitcoin developers, Luke Dashjr, revealed today on Twitter that his PGP key had been broken into and that his bitcoins had been taken. The quantity of missing bitcoins is still unknown.
After learning of the theft, the well-known developer voiced shock and amazement and theft questions about why he couldn’t get through to anyone at the FBI or IC3. The exact quantity of lost Bitcoin is still unknown, however, according to Dashjr, a sizeable sum appears to have been sent to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa using the CoinJoin mixing service.
📣Web3 Game Magic Fantasy Completed $3 Million Private Round Investment
The Web3 game project Magic Fantasy has completed $3 million in private equity financing, and EasyCoins Venture participated in the investment. Its built-in economic model is backed by the VOD game token and USDT stable currency.
It is reported that Magic Fantasy is a free strategy card game based on Binance Smart Chain. Its built-in economic model is supported by the game token VOD and the stable currency USDT. Players get incentives by winning in PVP games. Everyone can freely access the game and be provided with great rewards for becoming our enthusiastic players and will be encouraged to co-create.
💰New Ripple Scam Was Warns By XRP Ledger Developer
The XRP Ledger’s developer, Wietse Wind, recently issued a warning on Twitter about a new type of Ripple-related scam including “air drops,” “events,” and “freebies.”. The XRP Ledger’s developer, Wietse Wind, warned on Twitter about a new Ripple scam.
Wietse Wind, the creator of the XRP Ledger, cautioned on Twitter of a new Ripple scam. He emphasized that the corporation is not conducting any air drops, events, or freebies. Wind displayed a screenshot of a user fraudulently bidding XRP. “As the new year approaches, we have decided to reinstate XRP AirDrop. XRP for all Ripple users,” the bogus article says. The post will alert users on Ripple Scam and be aware of any related cases.
💰Securities Commission Of The Bahamas Moved $3.5B FTX Digital Assets To Wallets It Controls
The Securities Commission of The Bahamas (SCB) has directed the transfer of all digital assets in FTX Digital Markets, the Bahamas unit of FTX, valued at more than $3.5 billion, to digital wallets controlled by the commission, a document said by SCB on Dec.
The Bahamas Securities Commission explained that based on information provided to the Commission by SBF about cyberattacks on the FTX Digital Markets Ltd (FTXDM) system, limited access by FTXDM employees to its AWS system name and other available information, the Commission has determined that digital assets under the custody or control of FTXDM already exist.
📣Victims seek refund as 3Commas CEO verifies API data leak
3Commas CEO Yuriy Sorokin confirmed that a hacker leaked his firm’s API keys in a Dec. 28 Twitter thread.Sorokin said the data published by the hacker was factual. According to him, the platform has reached out to exchanges like Binance, KuCoin, and others to revoke the keys connected to 3commas.
Binance CEO Changpeng ‘CZ’ Zhao advised users to disable its access immediately as he was “reasonably sure there are widespread API key leaks from 3Commas.”. Sorokin apologized for his firm’s handling of the situation. He said they have implemented new security measures and involved law enforcement agencies in launching a full investigation. the firm’s Twitter account had again denied that its data was breached.
🇸🇬Asia’s Leading Web3 Conference TOKEN2049 Will Return To Singapore In September 2023
TOKEN2049 will return to Singapore in September 2023 and will welcome over 7000 attendees. After an impressive launch in Singapore in September 2022 and concluding, the conference has achieved resounding success. Asia’s leading large-scale Web3 event Token2049 will return in September 2023.
According to the announcement, the conference will occur on 13-14 September 2023 at Marina Bay Sands, coinciding with the Formula 1 Singapore Grand Prix race weekend. This is the flagship event of Asia Crypto Week that will see an expanded program of over 100 side events and networking opportunities taking place from September 11-17 across the city.TOKEN2049 is expected to welcome over 7,000 attendees, including industry leaders, traders, and innovators.
🪙Dogecoin Becomes The Most Traded Crypto By Whales Following Elon Musk’s New Post
Dogecoin, commonly known as DOGE, became the most traded token among the top 100 Binance Coin (BNB) holders, according to WhaleStats. To reach this milestone, DOGE passed Filecoin’s FIL token, which has recently gained a lot of attention from these investors.
After eccentric billionaire and new Twitter CEO Elon Musk sent Christmas greetings accompanied by images of his puppies, DOGE trading volumes increased. Although it doesn’t appear to be anything unique, one of them, a Shiba Inu, bears the Dogecoin emblem. Musk’s subsequent mention of DOGE did not significantly affect the token price, but trading volumes.
Located in the accumulation zone 53-57. Could pump hard 🚀🚀 I am buying some.
A few key points about the project:
1. Founded in 2016, Chrono.tech operates the biggest crypto freelance platfrom - LaborX. Seems like there're some special perks for TIME holders. 2. Token is already listed on tier-1 exchanges, including Coinbase and Kucoin.
3. In the near future the TIME token will be listed on two top exchanges.
4. TIME-30D Fixed Promotion on KuCoin, APR of 72%! WOW😳
The price stabilized at around 53-57, looks good for a medium term holding.
📣Institutions Are Not Interested in Crypto, Says JPMorgan Senior Strategist
Institutional investors feel relieved they stayed away from crypto, said Jared Gross. Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it.
The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time. However, JPM’s senior investment analyst – Jared Gross – believes this interest has either disappeared or has never been at the scene at all.