Reports | ForkLog

ForkLog 12 01.02.2024

Tether’s Q4 Net Profit Reaches $2.9 Billion

Tether, the issuer of the USDT stablecoin, reported a record net profit of $2.9 billion for the October-December period, according to its attestation report. Of this amount, $1 billion was attributed to interest from U.S. Treasury bonds, with the remaining sum resulting from positive revaluation of reserves in gold and bitcoin. The net profit for […]

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ForkLog 14 31.01.2024

BNB Chain Outlines Ecosystem Development Plans

In 2024, BNB Chain developers will focus on optimizing state and data storage by implementing the PBSS model, as well as introducing EVM 3.0 among node operators and validators. This is according to a report obtained by ForkLog. The document states that last year, BNB Chain became one of the most actively used L1 blockchains, […]

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ForkLog 28 31.01.2024

Crypto Industry Faces Over $126 Million Loss from Scams and Hacks in January

Hacker attacks and fraud led to losses of approximately $126.8 million for crypto projects in January, across 19 separate incidents, according to a report by Immunefi. The damage was six times greater than in the first month of 2023 and nearly three times the figure for December. Data: Immunefi. Exploits and hacks accounted for 96.8% […]

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ForkLog 13 30.01.2024

Anton Toroptsev: CommEX Clients Show Interest in P2P Deals and Simple Futures

As of the end of January 2024, the monthly spot trading volume on the cryptocurrency exchange CommEX reached 185 million USDT, while futures trading hit 500 million USDT, according to Anton Toroptsev, the regional director of the platform in Russia and the CIS, speaking to ForkLog. One of the popular segments has been the Simple […]

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ForkLog 9 29.01.2024

PeckShield Reports $2.61 Billion Loss in Crypto Industry Due to Hacks and Scams

The cryptocurrency industry suffered losses amounting to $2.61 billion in 2023 due to hacking incidents and fraudulent activities, according to a report by PeckShield. #PeckShieldAlert 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. $1.51B lost to hacks (excluding #Multichain unauthorized withdrawals) & $1.1B to scams. This […]

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ForkLog 12 25.01.2024

SEC’s Legal Actions Against Crypto Firms Surge by 50%

In 2023, the number of enforcement actions by the SEC against cryptocurrency companies rose to a record 46. SEC enforcement actions against crypto projects. Source: SEC. In comparison, during the previous reporting period, the Commission filed only 30 lawsuits, nearly 50% less. “Compared to 2022, the number of court cases increased slightly, while the number […]

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ForkLog 9 25.01.2024

Tesla Maintains Bitcoin Holdings Unchanged in 2023

Throughout 2023, Tesla neither bought nor sold any bitcoins, maintaining its cryptocurrency position at a balance sheet value of $184 million, according to its financial report. The electric car manufacturer’s revenue for the period amounted to $97.8 billion, marking a 15% increase over 2022. However, profits fell by 15% to $17.7 billion. Tesla’s shares dropped […]

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ForkLog 7 24.01.2024

CoinShares Analysts Predict Bitcoin Surge to $58,700

Approval of a spot Bitcoin ETF and the anticipated easing of the Fed’s monetary policy in the first half of 2024 will drive the price of digital gold to approximately $58,700, according to CoinShares analysts in their annual report. The experts presented a matrix showing the correlation between inflows as a percentage of AUM for […]

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ForkLog 16 22.01.2024

Report: BNB Chain’s Losses from Hacks Decrease by 85%

Financial losses in the BNB Chain blockchain due to security breaches have decreased from $1.11 billion in 2022 to $161 million in the previous year, marking an 85% reduction. This is according to a report by AvengerDAO. Losses in the BNB Chain from hacks and scams. Data: AvengerDAO. Over the past 12 months, there were […]

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ForkLog 23 19.01.2024

Chainalysis Reports Decline in Illicit Crypto Revenues for 2023

In 2023, the volume of illegal revenues from crypto scams and hacks decreased by 29.2% and 54.3%, respectively, according to a report by Chainalysis. For the first year since 2020, illicit transaction volume fell, from $39.6B in 2022 to $24.2B. As always, these figures are estimates based on illicit addresses we’ve identified as of now. […]

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ForkLog 29 15.01.2024

Binance Declares 2023 a ‘Favourable’ Year for Bitcoin Industry

With a 109% increase in total market capitalization, 2023 marked a “largely favourable turnaround” for the crypto industry, according to a Binance report. #Binance Research is delighted to announce the release of our comprehensive industry year-in-review report. We uncover the top crypto industry dynamics of 2023 and discuss key trends as we head further into […]

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ForkLog 9 15.01.2024

Nearly One-Third of Blockchain Games Shut Down in 2023

Out of a total of 1,322 blockchain games tracked by John Jordan’s Big Blockchain Games List, 407 ceased to exist in 2023—approximately 31%. Blockchain games closed over the year by network. Data: Big Blockchain Games List. The majority of games were closed in the first half of the year—248. The overwhelming majority of applications (112 […]

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