7 biggest crypto collapses of 2022 the industry would like to forget
A look at some of the biggest disappointments in the crypto space form this year as the industry readies itself for better things to come. 2022 has been a bumpy year for the cryptocurrency market, with one of the worst …
Bitcoin mining pool BTC.com reports $3M cyberattack
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services were unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of company and customer funds. The …
Defrost offers 20% payment to hackers as ‘Exit Scam’ allegations surface
“Merry Christmas guys. We got a lump of coal from Santa Claus,” wrote one user in response to the allegations and the incident. On Dec. 26, blockchain security firm CertiK issued a warning alleging that Defrost Finance, a decentralized leveraged …
Bitcoin accumulation addresses near record 800K despite whale selling
Someone has been accumulating BTC throughout the 2022 Bitcoin bear market, and the trend shows no sign of reversing. Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as redistribution of the BTC supply continues. Data from on-chain analytics …
Crypto community expresses Christmas market sentiments: ‘No Santa rally’
A community member pointed out that the lack of movements may be because of the controversies surrounding centralized exchanges. Traders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated …
Italy to create the crypto art Renaissance: NFT market report
Research and Market’s latest NFT market report for Italy predicts a 47.6% growth in the country’s NFT market by the end of 2022. Italy is one of the cultural hubs of Europe, with centuries of history, art and culture. Now …
FTX collapse calls for ‘prudent regulation’ in the UK
The United Kingdom is taking cautionary lessons from the collapse of FTX as calls for greater regulation come from public and private sector institutions. The collapse of FTX is being viewed as a cautionary tale and a precursor for more …
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
None of the 31 crypto exchanges registered with Japan’s Financial Services Agency are currently offering trading in stablecoins like USDT or USDC. Japanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoins like Tether (USDT) or …
ETH staking on top exchanges contributes to Ethereum censorship: Data
One of the biggest factors harming Ethereum’s credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges. For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when …
Bitcoin exchange withdrawals sink to 7-month low as users forget FTX
Bitcoin exchange users get comfortable as “Do Nothing December” sees BTC price volatility drop to record lows. Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows. According to on-chain analytics firm Glassnode, exchange outflows …