Bitcoin (BTC) miners have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miners over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price dips, new figures suggest that…
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for at Least $23 Billion in…
Lead Mirandus Developer and Gala Games Cofounder Michael McCarthy tells Decrypt’s Kate Irwin about the Web3 MMORPG Mirandus and what its world will be like. Source: https://decrypt.co/videos/interviews/5pey6epR/gala-games-co-founder-on-why-mirandus-will-not-have-npcs
Artificial intelligence (AI) continues its pervasive entry into industries worldwide. The latest crypto industry adoptee is Crypto.com after it announced its new generative AI user assistant. Crypto.com announced “Amy” on May 2. It is the new AI companion of the crypto exchange built to inform users with information on the industry, including real-time token prices and projects, historical events and…
Binance users flooded the exchange with over $4 billion to farm the highly-anticipated SUI token launch. The world’s largest exchange by trading volume added support for the SUI token through its Launchpad for BNB and TUSD holders on Monday with the event ending on Tuesday. Users staked tokens worth over $4 billion to farm SUI tokens. Due to the crowding…
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players. They’re consolidating with larger banks faster than a college student cramming for…
Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan. In an announcement sent to Cointelegraph, Bitdeer and DHI said that they will launch the partnership by creating a closed-end fund with an approximate value of $500…
A law firm backing an FTX investor lawsuit served a crypto influencer in a tweet. Source: https://cointelegraph.com/public/index.php/news/crypto-influencer-named-in-ftx-lawsuit-served-via-tweet
The United Kingdom is set to ban cold calls that sell financial products, including insurance and cryptocurrencies, in an attempt to crack down on fraud. It is estimated that fraud costs the country approximately £7 billion ($8.7 billion) annually. The U.K. government reportedly announced its new fraud strategy, pledging 400 new jobs to update its approach to intelligence-led policing. The government…
Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin is likely to jump by $20,000 in the event of the United States defaulting on its obligations. According to Kendrick, while bitcoin is likely to surge when the U.S. defaults, other cryptocurrencies like ethereum are likely to go down. U.S.…
