A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Almost 25% Of New Crypto In 2022 Could Have Been ‘Pump And Dumps’, Study Finds
According to the most recent study conducted by Chainalysis, unwitting users spent around $ 4.6 billion worth of crypto, acquiring them in fraudulent schemes last year which saw the creation of over 1.1 million tokens.
Chainalysis’s study shows that about 25% of these crypto reflected “pump and dump” tendencies, and the vast majority of them were unsuccessful, with their creators stealing $ 30 million from their victims.
Based on exchange transactions, fewer than 41,000 of the more than 1 million tokens in circulation in 2022 were deemed to have no substantial impact on the cryptocurrency market.
Reduced To Penny Stocks In 2022, Public Bitcoin Miners Are Primed To Come Back
After a historically-bad year for bitcoin mining, public companies that fell into penny stock status surged back in January following a strong bitcoin rally.
2022 was arguably the worst year on record for bitcoin mining. Every market suffered from the consequences of unprecedented recklessness by central banks around the world. But because bitcoin is nothing if not volatile — and because mining acts as a leveraged bet on bitcoin itself — the mining sector of the bitcoin economy finished last year battered and bruised. In fact, many public mining companies were relegated to trading as literal penny stocks.
Bitcoin Derivatives Market Volumes Show Bullish Trend After 2022 Downturn
Bitcoin continues to see a bullish uptrend across the board, with the derivatives market volume witnessing an upturn in fortunes. BTC prices in futures contracts have begun to exceed spot market prices indicating that traders are gaining confidence in the derivatives market.
Bitcoin Derivatives Volume Shows Steep Decline In 2022
Bitcoin witnessed an extended bearish trend in 2022, resulting in a 60% drop in its price and a steep decline in bitcoin futures and options volumes. The collapse of FTX last November further diminished the market sentiments, and there was a significant withdrawal from the derivatives market, accompanied by long liquidations and a strong bearish bias.
Crypto Hack: Cybercriminals Steal Over $3.5 Billion In Crypto In 2022
Imagine the sad faces of thousands to even millions of investors in the cryptocurrency market when news of a huge amount of digital currency assets have been stolen by hackers during a single fiscal year alone.
That is the reality that many have faced in 2022, wherein $ 3.5 billion worth of bitcoin and other related assets were stolen in that particular year, according to Digital Information World.
The data was provided by a hacking tracker website called Slowmist Hacked and additional data was provided by a VPN service provider named AtlasVPN, which was confirmed on the 11th of January this year.
Luxor’s Hashrate Index 2022 Mining Year In Review Shows Bitcoin’s Resilience
Analysis shows that even though the mining industry saw major pressure this year, the network hashrate still grew immensely.
Hashrate Index has released its 2022 Bitcoin Mining Year In Review, an extensive report on the mining industry and markets surrounding it.
2022 was a difficult year for Bitcoin mining, with the bear market leading to a hashprice all-time low, bankruptcies and losses for miners. Despite this, hash rate still grew 41%, and Bitcoin mining still generated nearly double the rewards compared to the previous three years. The report covers all of these topics and more in detail.
Bitcoin Spot Volume Slightly Up After Rally, But Still Very Below H2 2022 Levels
Data shows the Bitcoin spot trading volume has slightly gone up after the rally but is still significantly lower than the average for the 2nd half of 2022.
Bitcoin Spot Trading Volume Has Gone Up A Bit This Week
As per the latest weekly report from Arcane Research, there has been low speculative activity in the BTC market recently. The “trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the Bitwise 10 exchanges on any given day.
Bitcoin Analyst Who Predicted 2022 Crash Warns Of A Huge BTC Reversal
The year 2023 is showing, at least in part, renewed investor sentiment on the Bitcoin market. According to CoinMarketCap, the total market capitalization of cryptocurrencies currently stands at $ 846.4 billion. Only a 1% decrease from yesterday’s $ 853.9 billion market cap.
This surge in market valuation can be attributed to recent bullish price actions in the market. Based on data by CoinGecko, major cryptocurrencies Bitcoin and Ethereum are all experiencing a surge in price with BTC even breaking through its $ 17,000 resistance level.
This rising trend in prices, however, is not continuous according to CryptoCapo.
Crypto’s Year In Sports: A 2022 Review
Is there a concise way to describe the sports landscape throughout crypto over the past year? It’s been climbs to mountain top highs, dips and dives to unthinkable lows, and everything in between. We saw smashing new sponsorship deals that rose to prominence and crashed to rock bottom all in less than a year’s span. We saw controversy around athlete endorsement of crypto products. The list goes on and on, but after a quick start to 2022, market conditions impacts sports in a major way by the time the end of the year rolled around.
The Good, The Bad And The Ugly From 2022, Bitcoin’s Year Of The Bear
For Bitcoin, 2022 was a year of lessons, frustrations, vindications, progress and, in some cases, regress. What should we take with us for 2023?
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” It is part four of his “Remnant Series.”
What a year. Many of us said that it would only get stranger, but I’m not sure anyone was truly ready for what would transpire.
U.S. Bitcoin Miner Increased Its Annual BTC Production By 200% In 2022
Cleanspark’s December 2022 mining update examines the company’s year at large as well as the operations of the previous month.
Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has announced their December 2022 bitcoin mining update, in addition to comments from the CEO reflecting on 2022.
“Among our many accomplishments this year, I’m most proud of increasing our annual bitcoin production by over 200% as we expanded our fleet and the number of mining campuses we own and operate throughout Georgia,” said Zach Bradford, CEO, in the release. “Even in this down market, we are committed to the promise of bitcoin and are proud to be part of the global network that keeps it secure for millions of users across the world.”
Cardano Enters Top 10 Most Spent Crypto In Commerce In 2022, Report Claims
Crypto payments on e-commerce platforms are booming despite market conditions, with Cardano (ADA) and Binance Coin (BNB) entering the top 10 most spend crypto. According to a report from payment processor Coingate, people spent a lot of their crypto in 2022.
The report gathered data from 2014 and determined that e-commerce shops have received 2.5 million crypto payments during this period. On average, these online shops see around 312,500 crypto payments per year.
In that sense, 2022 set a new record by recording over three times this figure, as seen in the chart below. Online merchants saw 927,294 payments with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), and Binance Coin (BNB) during this period.
2022 Paved The Way For National Bitcoin Adoption, And 2023 Will Be Even Bigger
In 2022, nation state Bitcoin adoption accelerated, setting the stage for even more progress this year.
This is an opinion editorial by Samson Mow, CEO of JAN3 and former CSO of Blockstream.
Approximately one year ago, I had the opportunity to speak at Feel The Bit in El Salvador alongside President Bukele. During the event, we announced the Bitcoin Volcano Bonds, while President Bukele made a significant announcement of his own: the creation of Bitcoin City. By legally recognizing bitcoin as tender and establishing Bitcoin City, President Bukele took a bold step toward nationwide adoption. This decision has helped to accelerate the timeline for bitcoin becoming a recognized currency on a national level.
5 Best Crypto Performers During The 2022 Market Flop
The exuberant peaks of the crypto business in 2022 fell into an extended crypto winter and left many of the sector’s top companies belly up.
The aftermath of the shutdown of several large cryptocurrency exchanges has made concerns about liquidity and solvency a big topic of conversation throughout the market.
At the beginning of the year, the total market capitalization of all cryptocurrencies was estimated to be $ 2.2 trillion. By the end of 2022, this amount would fall below $ 800 billion. Therefore, this shows a great deal about the events of the period.
Metaverse: The Biggest Loser Of 2022 In Crypto Sector
Report shows Metaverse, the killer narrative of 2021, turned out to be the biggest loser in the crypto sector this year.
Metaverse Observes Drawdown Of 89% Over The Year 2022
As per the year-end report by Arcane Research, both the alternative layer 1s craze and the Metaverse hype of last year came crashing hard in 2022. Here is a chart that shows how some of the biggest narratives of 2021 performed this year:
2022: A Year Of Grassroots Bitcoin Adoption For Africa
Traveling to four African countries throughout 2022, Bitcoin For Fairness encouraged several grassroots Bitcoin adoption projects.
This is an opinion editorial by Anita Posch, the founder of Bitcoin For Fairness who has traveled around the world to learn how the globally unbanked can benefit from sovereign money.
In early 2020, during my first visit in Zimbabwe, my assumption that Bitcoin is needed the most in the Global South was confirmed. I found a nation in distress about money, because of a kleptocratic ruling elite that had been defrauding and stealing from their people by inflating the national currency for decades. Despite this, corruption and military support allowed these leaders to stay at the top for over 40 years.
Bad Actors Win Big In Crypto With Over $3 Billion Stolen In 2022
Bad actors are now almost synonymous with the crypto space given the number of scams and hacks perpetuated on an almost daily basis. So far in the year 2022, these bad actors have come out on top, beating out previous years’ records. With $ 3 billion stolen already in 2022, they have had a very ‘productive year.’
Billions Of Dollars Moved Through Crypto Hacks
A Forbes report details the hacks of 2022 and how much these attackers have been able to steal this year alone. Citing a Chainalysis report, it explains that over the course of the year, hackers stole $ 3 billion from 125 hacks. The majority of these had been from decentralized finance (DeFi) attacks alone.
Bitcoin Ends 2022 With 55% Of Supply In Loss, But Is It Enough For Bottom?
On-chain data shows Bitcoin is about to end 2022 with a peak supply in loss of 55%. Here’s how this value compares with previous bottoms.
Around 55% Of Total Bitcoin Supply Has Been Underwater Recently
As per CryptoQuant’s year-end dashboard release, this metric reached a value of 60% during previous bottoms. The “supply in loss” is an indicator that measures the percentage of the total circulating Bitcoin supply that’s currently carrying some loss.
As Financial Surveillance Intensified In 2022, Bitcoin Is Needed By Individuals And Nations Alike
A rise in financial censorship this year, perpetrated by citizens’ own governments and adversarial nations alike, calls for Bitcoin.
This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30.
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, and every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
New Data Shows Over 80,000 Crypto Related Jobs Filled In 2022, Despite Mass Layoffs
The weakening crypto market and contagion among companies as a result of the implosion of the Terra ecosystem in mid-May and the unexpected collapse of FTX last month have had a significant impact on the industry’s headcount, which is perhaps its most important asset.
In the previous two months, a large number of people lost their jobs. According to media sources and press announcements, as of July 21, 2022, an estimated 3,726 jobs have been vacated.
The layoffs have taken a significant toll on employee morale and have damaged the foundations of certain corporate giants.
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