Reports | ForkLog

ForkLog 11 19.11.2024

JPMorgan Reports 29% Increase in Bitcoin Mining Profitability

In the first half of November, the profitability of bitcoin mining—hashprice—rose by 29%. This was reported by CoinDesk, citing a JPMorgan report. Analysts Reginald Smith and Charles Pierce noted that two main factors contributed to the significant improvement in mining economics: the rally in the leading cryptocurrency’s prices, which outpaced the increase in hash rate; […]

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ForkLog 11 03.11.2024

October Sees $88 Million Lost in Crypto Hacks, Reports PeckShield

In October, hackers executed 20 attacks, resulting in losses of approximately $88.47 million for the crypto industry, according to PeckShield. #PeckShieldAlert In October 2024, there were ~20 hacks in the crypto space, resulting in losses of ~$88.47 million.#Top 5 Hacks in October 2024:—#RadiantCapital: $53M (bridged to #Ethereum)-U.S. Government seizure funds: $20M (returned)—#Eigenlayer: $5.7M (laundered to… […]

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ForkLog 22 31.10.2024

MicroStrategy Aims to Raise $42 Billion for Bitcoin Purchases

In its financial results for the third quarter, MicroStrategy reported a loss of $340.2 million and unveiled a plan to raise $42 billion to continue its bitcoin acquisition strategy. The business analytics software provider’s revenue amounted to $116.1 million, falling short of the consensus estimate by about $8 million and down 10.3% from the same […]

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ForkLog 79 22.10.2024

Analysts Assess Binance’s Market Share Decline Over the Past Year

Over the past year up to October 9, Binance accounted for $22.5 trillion out of $54 trillion in trading volume across spot and derivatives markets on 22 platforms, according to data from 0xScope. Read the full report here: https://t.co/0PsYzBujP3 pic.twitter.com/wJNz17rwqr — 0xScope (@ScopeProtocol) October 21, 2024 Analysts noted increased competition among CEX, which has weakened […]

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ForkLog 29 16.10.2024

Tether Reports 330 Million USDT Users

As of the end of the third quarter of 2024, the stablecoin USDT is utilized by 330 million cryptocurrency wallets and on-chain accounts, according to its issuer, Tether. Tether Insights Vol 1 How Many USDt Users Are There? Read more: https://t.co/KWycnb6xDfhttps://t.co/sZwx9tUtJ8 — Tether (@Tether_to) October 16, 2024 The company compared this figure to the population […]

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ForkLog 41 11.10.2024

Bitwise Report: Crypto Market Leaders and Narratives in Q3

Analysts at Bitwise have released a global report on the crypto market for the third quarter of 2024, examining the performance of major blockchains, key trends, and significant events. “[During the reporting period] cryptocurrency prices remained unchanged. The Bitwise 10 Large Cap Crypto Index ended the quarter down 3.5%, marking one of the smallest price […]

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ForkLog 13 04.10.2024

Ethereum’s Inflation Surge Challenges Its ‘Hard Money’ Status, Says Binance

The increase in Ethereum’s issuance to a two-year high of 0.74% per annum (30 DMA) raises doubts about the cryptocurrency’s deflationary prospects and its status as ‘hard money’. This conclusion was reached by Binance, reports Cointelegraph. Experts highlighted the shift of network activity to L2, which led to a reduction in the number of transactions […]

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ForkLog 9 02.10.2024

Crypto Hackers and Scammers Steal $753 Million in Q3

In the third quarter of 2024, participants in the crypto industry suffered losses amounting to $753 million due to 155 incidents of hacks, exploits, and scams, according to data from CertiK. ? Hack3D Report: Q3 2024 ? 155 hacks, scams, and exploits drained $753,094,610 from Web3 in Q3 2024. This represents a 9.5% increase in […]

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ForkLog 19 02.10.2024

Crypto Projects Suffer $120 Million Loss from September Hacks

In September, over 20 hacker attacks resulted in losses of approximately $120.23 million for the crypto industry, according to data from PeckShield. #PeckShieldAlert September 2024 saw 20+ hacks in the crypto space, leading to ~$120.23 million in losses. (Note: The $32.4 million worth of $spWETH drained in a Permit signature #phishing is not included)#Top 10 […]

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ForkLog 9 27.09.2024

Crypto Industry Faces $413 Million Loss from Hacks and Scams in Q3

Between July and September, cryptocurrency companies experienced 34 incidents of hacks and scams, resulting in losses exceeding $413 million, according to a report by Immunefi. Losses since January have risen to $1.34 billion, which is 3.9% lower than the same period last year. Compared to the previous quarter, the figure for July-September decreased by 28%, […]

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ForkLog 42 19.09.2024

Tether Responds to Comparisons with FTX and Alameda Research

350 million users engage in transactions with USDT, and its issuer collaborates with 180 institutions across 45 jurisdictions. Such information was presented by Tether Limited. The company described the stablecoin it manages as a “cornerstone in modern financial ecosystems.” According to the issuer, Tether is committed to consumer protection and regulatory compliance. This is reflected […]

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ForkLog 38 19.09.2024

BlackRock Identifies Bitcoin as a Unique Hedge Against Global Risks

The world’s largest asset manager, BlackRock, has released a report describing the first cryptocurrency as a “unique diversifier.” The document emphasizes the historical price dynamics and the challenges of forecasting it. Experts believe that investors find it much harder to analyze cryptocurrencies compared to traditional assets. Bitcoin price dynamics since 2010 (total investment return over […]

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