Reports | ForkLog

ForkLog 20 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 […]

AI translated

ForkLog 17 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, […]

AI translated

ForkLog 38 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 […]

AI translated

ForkLog 34 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 […]

AI translated

ForkLog 19 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 […]

AI translated

ForkLog 21 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, […]

AI translated

ForkLog 43 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% […]

AI translated

ForkLog 20 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 […]

AI translated

ForkLog 21 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 […]

AI translated

ForkLog 13 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 […]

AI translated

ForkLog 19 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 […]

AI translated

ForkLog 10 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 […]

AI translated

#Reports