$30 Billion Lost: 4 Stats That Show a Crypto Market in Decline

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Zero-knowledge (ZK) layer 2 blockchain CryptoGPT has cashed in on the recent surge in interest around…

There’s at least one industry where the United States now has China beat: bitcoin mining.After Beijing’s crackdown on crypto in September, the U.S. took the reins as the leading location for bitcoin mining, according to data compiled by the Cambridge Centre for Alternative Finance and released last week. Just two years ago, China accounted for…

Electric car maker Tesla (TSLA) took an impairment charge of $51 million in the third quarter to account for its bitcoin holdings.Elon Musk’s electric vehicle company reported no new sales or purchases of digital assets, according to its 3Q earnings presentation. The company currently holds $1.26 billion in bitcoin.Bitcoin gained roughly 30% in the third…

Nov 11, 2020 at 7:50 p.m. UTCFlash Loans Aren’t the Problem, Centralized Price Oracles AreSince the beginning of the year, the decentralized finance (DeFi) ecosystem has rapidly grown to more than $12 billion in total value locked. With this exponential growth, incentives have increased for malicious actors to manipulate and attack vulnerable DeFi protocols, often…

news North Korea, which is believed to be using cryptocurrencies to finance weapons of mass destruction, will be holding its second cryptocurrency and blockchain conference next February. The event follows the first conference, in April 2019, which attracted 100 people. It was declared a success by the North Koreans, and a larger second conference was…

BTC has gained 8% since the death cross appeared on the daily chart on Sept. 11.The rally comes as traders see the Fed holding rates steady through the rest of the year.Bitcoin advanced Monday as U.S. rates traders penciled in greater odds of the Federal Reserve keeping borrowing costs unchanged later this week and through

Jun 17, 2020 at 18:55 UTCUpdated Jun 17, 2020 at 19:18 UTCBikers in Vienna, Austria, don protective masks, April 14, 2020. (Marion Carniel/Shutterstock)Austrian Government Funds Development of Blockchain-Based COVID-19 AppThe Austrian government is taking a considered approach to COVID-19 tech solutions after an initial rush to get some kind of contact tracing app out the…

news American football team the Miami Dolphins have teamed up with the Litecoin Foundation to accept cryptocurrency payments. Announced by the Litecoin Foundation on Thursday, the partnership will kick off on Sept. 5 – the start of the 2019 NFL season – and sees the Dolphins accept litecoin as their “official cryptocurrency.” In effect, that…

Bitcoin's (BTC) dominance rate or share in the overall crypto market continues to rise, threatening to reverse alternative cryptocurrencies (altcoins) BTC-beating rally from early 2021.The dominance rate rose to 52.45% on Monday, reaching the highest since April 2021, according to data tracked by the charting platform TradingView.The ascent is consistent with the bullish breakout seen