The NFT bubble of 2021 may have well and truly burst, but according to data published by London-based blockchain analysis provider Elliptic, the proliferation of scams is only going up.
Over 4,600 NFTs were stolen in July 2022, the highest monthly figure ever by volume, despite NFTs sales being nearly 80% below 12-months highs.
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) is “excellently positioned to capitalise when conditions change,” said analysts at FinnCap following the release of its first half results.
FinnCap, reporting on one of its clients, believes its ability to scale Helios, its crypto mining facility in Texas, during tough market conditions and its experience in navigating previous tough winters means its well positioned to capitalise when conditions turn favourable.
The crypto markets inched slightly higher this Thursday morning, adding a bit less than 1% to bring total market capitalisation up to US$1.04tn.
Bitcoin is changing hands at around US$21,700 after adding 1%, while Ethereum, as is standard at the moment, outpaced the market with a 3.2% upshot, bringing its price to US$1,670.
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) said it made “significant” progress towards completing the first phase at its new Helios facility in Texas.
The comments came as the cryptocurrency miner revealed its performance in the first half of the year was impacted by the fall in the price of Bitcoin.
A recent legal spat has shed light on the murky world of cryptocurrency influencers who promote digital financial assets on YouTube and other social media channels.
Blogger Erling Mengshoel (aka “Atozy”) has been slapped with a civil suit by high-profile crypto YouTuber Ben Armstrong, who goes by the ‘BitBoy Crypto’ moniker.
The crypto markets show signs of stabilising after a bearish start to the week, adding 2.2% to bring total market capitalisation up to US$1.03tn.
Bitcoin is currently changing hands at around US$21,200, while Ethereum is trading upwards of US$1,630 following a 4% rally in the past day.
Shark Tank billionaire investor Mark Cuban recently shot back against Securities and Exchange Commission (SEC) chair Gary Gensler’s latest anti-crypto missive.
Writing in the Wall Street Journal, Gensler reiterated his long-held contention that digital assets are fundamentally no different to the rest of the capital markets when it comes to securities law.
Ethereum seems to have lost some pre-Merge goodwill, having dropped another 1.5% this morning, bringing its exchange price close to the mid-US$1,500 point.
Bitcoin fell below US$21,000, having lost around 2%; similar price action was observed with Ripple XRP, Cardano, Dogecoin, Polkadot, and other blockchain network tokens.
A recent leak of FTX’s financial documents gave a glimpse into the substantial growth the Bahamas-registered digital asset exchange encountered throughout 2021.
According to figures seen by CNBC, chief executive officer Sam Bankman-Fried’s three-year-old baby grew its revenues from under US$90mln in 2020 to over a billion in 2021, an incredible growth rate of 1,000%.
AQUIS-listed blockchain technology group Valereum is pushing forward with its takeover of the Gibraltar Stock Exchange (GSX) through a strategic reorganisation that will see the company move away from its nascent Bitcoin mining operation.
Valereum’s acquisition of GSX was first announced in October 2021 by signing an option to purchase an 80% stake in the exchange, subsequently refined up to 90% earlier this year.
Friday’s second-quarter earnings from Coinbase Global Inc (NASDAQ:COIN) provided a few "ouch" moments, including a year-on-year 60% decline in revenues and a decisive move into the red.
However, Wedbush, the west coast tech investment house, still managed to find reasons to be cheerful that support its bullish thesis on shares in the crypto exchange.
The crypto markets went into stabilisation mode over the weekend following Friday’s sudden reversal, clawing back 1.5% to bring global market capitalisation to US$1.02tn.
Bitcoin is staying well below the key US$22,000 line for the moment, changing hands at US$21,400 at the latest reading.