Reports | ForkLog

ForkLog 13 21.03.2024

Solana Captures Investor Interest, CoinGecko Reports

Solana ecosystem dominates investor interest. Ethereum-based L2 protocols maintain leadership. In 2024, Solana accounts for 49.3% of global investor interest in blockchain ecosystems, according to CoinGecko experts based on internet search data. What are the most popular blockchain ecosystems? Our study reveals that the Solana ecosystem has emerged as the leading blockchain ecosystem this year, […]

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ForkLog 8 11.03.2024

Coinbase Highlights Potential Risks for Bitcoin’s Continued Growth

Despite Bitcoin reaching a new all-time high, the market may face challenges in maintaining its upward trajectory in the short term, according to Coinbase’s weekly report. “The unwinding of bearish positions, which initially fueled the rise, is likely exhausted. However, spot Bitcoin ETFs in the US remain a significant anchor for demand,” noted analysts David […]

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ForkLog 14 04.03.2024

Crypto Project Losses from Hacks and Scams Drop to $67 Million in February

In February, the cryptocurrency industry suffered losses of approximately $67 million due to hacker attacks and fraud across 12 different incidents, according to a report by Immunefi. Data: Immunefi. The damage was roughly half of January’s figure of ~$126.8 million. In February, nearly all losses were attributed to hacks of the gaming platform PlayDapp ($32.35 […]

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ForkLog 14 28.02.2024

IMF Advises Pacific Nations Against Using Unbacked Cryptocurrencies

The introduction of digital currencies in Pacific nations could address numerous issues, but reliance on “unbacked private crypto assets” should be avoided. This warning comes from experts at the IMF in a report. It’s great to see the fruits of last year’s IMF Conference in Fiji ?? The departmental paper, “Rise of Digital Money: Implications […]

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ForkLog 16 27.02.2024

Grayscale: Ethereum to Mature with Dencun Launch

Despite increasing competition among blockchains, the launch of the Dencun upgrade will aid Ethereum in “maturing” by reducing transaction fees and enhancing network scalability, according to a report by Grayscale Research. Analysts believe the protocol is poised to benefit from the update, which, along with other factors, makes it more modular. In 2023, the blockchain […]

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ForkLog 13 26.02.2024

Venture Capital Investment in Crypto Startups Surpasses $90 Billion

The cumulative amount raised by crypto and blockchain firms from venture investors since 2017 has exceeded $90 billion, according to data from The Block. In February, analysts counted over 50 deals, with a total of 9500 transactions recorded since the inception of such statistics. Data: The Block. Since the beginning of the year, experts have […]

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ForkLog 8 16.02.2024

Coinbase Reports $273 Million Quarterly Profit

In the fourth quarter of 2023, the cryptocurrency exchange Coinbase reported a net profit of $273 million. For the year, the figure amounted to $95 million with total revenue of $3.1 billion, the company announced in a letter to investors. Our Q4’23 and full-year 2023 update is in. Read the full shareholder letter and tune […]

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ForkLog 15 14.02.2024

Bitcoin Dominates December NFT Trading Volume, CoinGecko Reports

In 2023, the turnover of non-fungible tokens (NFTs) across the top ten networks fell by 55.1% to $11.8 billion. Of this, 72.3% ($8.54 billion) was associated with NFTs on Ethereum, according to CoinGecko. DID YOU KNOW: #Bitcoin was the biggest NFT chain in December 2023, with $0.81 billion in trading volume, translating to a 42% […]

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ForkLog 15 14.02.2024

FinCEN Reports Rise in Bitcoin Use for Human Trafficking

The United States Financial Crimes Enforcement Network (FinCEN) has released a report indicating an increase in the use of cryptocurrencies in global crimes related to human trafficking and child sexual exploitation during 2020-2021. The agency’s analysis referenced data from financial companies. During the specified period, they collectively recorded 2311 instances of transactions for these illegal […]

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ForkLog 9 07.02.2024

Crypto Investors See Average Profit of $888 in 2023

The average realised profit for digital asset holders in 2023 was $887.6, compared to a loss of $7102 in the previous 12 months, according to estimates by CoinLedger, reports Cointelegraph. The cryptocurrency tax calculation platform analysed data from 500,000 clients, 80% of whom are residents of the United States, with the remainder from Australia, Canada, […]

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ForkLog 25 06.02.2024

Europe Leads Ethereum ETF Market with 81% Share

Europe and Canada account for nearly 98% of the $5.7 billion Ethereum ETF market. The introduction of spot ETFs in the US could significantly alter the landscape. Amidst expectations for the approval of spot Ethereum ETFs in the US, CoinGecko experts have examined the global market for such products, revealing the dominance of Europe and […]

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ForkLog 30 02.02.2024

Reality Labs Posts $4.7 Billion Loss for Meta

The operating loss for Meta’s metaverse division, Reality Labs, amounted to $4.67 billion for the period from October to December 2023. This figure marks a record since the business unit’s inception in the fourth quarter of 2020. Revenue for the latest reporting period rose to $1.07 billion. For comparison, it was $210 million in the […]

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