Reports | ForkLog

ForkLog 13 25.07.2024

VanEck Predicts Bitcoin Could Reach $2.9 Million by 2050

According to VanEck’s “base scenario,” the price of the leading cryptocurrency could reach $2.9 million by 2050, driven by its adoption as a global medium of exchange and reserve currency. We outline the scenarios and assumptions for 7-figure #Bitcoin driven by its role as a global medium of exchange and reserve currency supported by Bitcoin […]

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ForkLog 8 22.07.2024

Benchmark Highlights Bitdeer’s Appeal for Acquisition

Bitcoin miner Bitdeer has emerged as an attractive acquisition target, according to analysts at Benchmark, reports CoinDesk. The financial firm raised the target price for the mining company’s shares from $13 to $16, maintaining a “buy” rating. Bitdeer’s closing price on Friday, July 19, was $10.99. In pre-market trading on June 21, the stock’s valuation […]

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ForkLog 19 22.07.2024

Increased Vulnerability of ZK Protocols Highlighted by Experts

Audits of DeFi projects based on zero-knowledge proof (ZK) technology revealed critical errors twice as often as in general cases, according to The Block, citing a report by Veridise. Experts from the company analyzed 1605 vulnerabilities identified during 100 audits. They found an average of 16 issues per audit, with ZK projects slightly higher at […]

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ForkLog 12 18.07.2024

CoinGecko Experts Highlight Steady Investor Interest in Meme Coins

In Q2, meme tokens emerged as the most popular narrative in the crypto industry. Spot trading volumes on CEX decreased, while they rose on DEX. The market supply of Ethereum increased by 120,000 ETH from April to June. By the end of Q2, meme tokens had become the most popular narrative in the cryptocurrency ecosystem, […]

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ForkLog 30 12.07.2024

Chainalysis Estimates $100 Billion in Laundered Cryptocurrency

Since 2019, crypto platforms have received digital assets worth approximately $100 billion from known illicit wallets, according to a report by Chainalysis. Our Money Laundering report reveals how bad actors now use crypto to launder funds from off-chain crimes — not just crypto-native crimes like ransomware. We explore advanced tracing techniques and how blockchain data […]

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ForkLog 13 04.07.2024

Crypto Startups Attract $3.2 Billion in Q2 Investments

In the second quarter, the crypto industry secured $3.2 billion in venture capital, marking a 28% increase from the previous period’s $2.5 billion. This is according to a report by Galaxy Digital. Source: Galaxy Digital. The number of deals slightly decreased from 603 to 577, a 4% drop, but their median value rose from $3 […]

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ForkLog 41 28.06.2024

Crypto Project Losses from Hacks and Scams Surge to $572 Million in Q2

From April to June, the crypto industry suffered losses of approximately $572.7 million due to hacking and fraud across 72 incidents, according to a report by Immunefi. Losses from scams and hacks in Q2. Source: Immunefi. This figure represents a 70.3% increase compared to $336 million in Q1 and a 112% rise from the same […]

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ForkLog 24 07.06.2024

Elliptic Highlights Rising Use of AI in Crypto Crimes

As with any new technology, the advancement of AI innovations in the crypto industry has spurred their use for criminal purposes, according to a report by Elliptic. Experts from the company identified five main typologies for such criminal activities: the use of generative AI to create deepfakes and promotional materials for scams; execution of fraud […]

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ForkLog 89 17.05.2024

CoinGecko Ranks Blockchains by Speed: Solana Leads the Pack

Solana has emerged as the fastest among major blockchains, with its average daily transactions per second (TPS) reaching a record 1504 on April 6, amid a surge in meme coin activity. This is according to a report by CoinGecko. Blockchain TPS rankings. Data: CoinGecko. “This makes Solana 46 times faster than Ethereum and more than […]

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ForkLog 30 14.05.2024

Bernstein: Bitcoin’s Price Plateau Favors Public Miners

Bitcoin’s “flat” price movement post-halving benefits public miners. Major miners have opportunities to increase market share amid declining revenues. The sale of accumulated cryptocurrency reserves by miners remains possible. Analysts at Bernstein believe that Bitcoin’s “almost flat” price movement is ideal for public miners in their competition for hash rate. This is reported by The […]

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ForkLog 10 14.05.2024

VanEck’s Bitcoin ETF Attracts $109 Million in Early 2024

The VanEck Bitcoin Trust (HODL) ETF garnered $109 million in the first quarter of the year. Assets under management increased to 8711 BTC ($619.1 million), according to the report. The net realized profit for the structure during this period reached $6 million, with total liabilities estimated at $20 million. “The trust pays the sponsor a […]

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ForkLog 45 10.05.2024

Magic Eden Surpasses Blur in NFT Trading Volume

In April, Magic Eden claimed the top spot in NFT marketplace trading volume, reaching $486 million. Blur, for the first time since its launch, fell behind by $108 million, according to a report by DappRadar. Source: DappRadar. Experts attributed the platform’s surge to its support for Ordinals, with trading of tokens issued via the protocol […]

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