year

Sen. Lummis to propose new US crypto market overseer next year: report

Sen. Lummis to propose new US crypto market overseer next year: report

advertisement A new US regulatory entity focused on crypto will be proposed next year by Senator Cynthia Lummis, according to Bloomberg. Per the outlet’s report, the yet-to-be-filed legislation includes a mandate for “a new organization under the joint jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission to oversee the digital …

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Analyst expects Bitcoin to cross $54,000 this year, but next year belongs to...

Analyst expects Bitcoin to cross $54,000 this year, but next year belongs to…

In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency exchanges. The decreasing supply is not news though, since the Bitcoin halving in 2020 when the BTC block reward was split in two. Now, despite the growing concerns, BTC has showcased some decent trajectory. …

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Crypto exchanges saw over $14 trillion in trading volume this year

Crypto exchanges saw over $14 trillion in trading volume this year

advertisement Centralized crypto exchanges, which hold customers’ private keys unlike decentralized exchanges, reported more than $14 trillion in trading volume in the year 2021, according to The Block Research. That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24. Last year, centralized crypto exchanges facilitated over …

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Decentralized exchanges saw over $1 trillion in trading volume this year

Decentralized exchanges saw over $1 trillion in trading volume this year

advertisement Decentralized exchanges (DEXs) reported more than $1 trillion in trading volumes in the year 2021, according to The Block Research. That figure is a massive 858% increase compared to 2020 DEX trading volumes, based on data as of December 23. Last year, DEXs facilitated over $115 billion in trading volumes. Overall, monthly DEX trading …

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Novi lead David Marcus to depart Meta, formerly known as Facebook, at the end of the year

Novi lead David Marcus to depart Meta, formerly known as Facebook, at the end of the year

advertisement David Marcus, co-creator of the Diem digital currency and current leader of the Novi unit at Meta (formerly known as Facebook), announced Tuesday that he will exit the company at the end of 2021. In a set of tweets, Marcus wrote that “after a fulfilling seven years at Meta, I’ve made the difficult decision …

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Ether miners enjoyed more profits this year than Bitcoin miners. Here's why

Ether miners enjoyed more profits this year than Bitcoin miners. Here’s why

At first glance, one might think Bitcoin miners had an enriching year overall. However, a new weekly update report by Arcane Research claims that another set of miners enjoyed a more profitable year. The little miner that could In spite of complaints about high gas fees, Ether miners in 2021 earned over $3 billion more …

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Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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Bank of Japan to begin central bank digital currency experiments later this year

Bank of Japan to begin central bank digital currency experiments later this year

The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …

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