Blockchain Financial News

07.03 / 20:39

business Blockchain Drop Q4 Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4

According to a new filing with the U.S. Securities and Exchange Commission on Mar. 7, Canaan, a Chinese Bitcoin (BTC) miner and manufacturer of application-specific integrated circuit (ASIC) mining machines, reported that its revenue decreased by 82.1% Y/Y to $56.8 million in Q4 2022. During the quarter, Canaan sold 1.9 million terahash per second worth of computing power for Bitcoin mining, not accounting for lower ASIC prices, representing a 75.8% decline from Q4 2021.

07.03 / 20:03

Blockchain Provident Aware Enterprise Bitcoin VeChain unveils VET 3.0 whitepaper with special focus on…

Blockchain protocol VeChain, in collaboration with the global management firm Boston Consulting Group (BCG), has issued a whitepaper for VET 3.0.

07.03 / 18:21

Blockchain Provident Target Digital Aware Strategy strategies 14 Web3 marketing strategies that can increase exposure and consumer trust

Web3 has its share of high-profile influencers who have opened the door to consumer and business interest in the industry. While this creates a tide that can help raise the profile of all companies in the space, eventually a Web3 brand will need to find a way to stand out and stand on its own two feet.

07.03 / 18:11

Blockchain Target Platform Fighting Police Bitcoin South Korean Police Form New Crypto Scam-fighting Cybercrime Taskforce

South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.

07.03 / 17:55

business Blockchain Binance reserves Binance adds 11 tokens to PoR, claims $63B in reserves

According to an announcement on Mar. 7, cryptocurrency exchange Binance has added an additional 11 tokens to its proof-of-reserves (PoR) report. These include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. With the latest update, Binance says it now has over $63 billion across 24 assets in its proof-of-reserves system. The largest assets on the exchange include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with $12.7 billion, $7.1 billion, and $16.3 billion in net customer balances, respectively.

07.03 / 16:00

Blockchain Provident BLOCK Bitcoin network bitcoin lightning TBD's Block Launches c= to Enhance Bitcoin Lightning Network

TBD, a subsidiary of Block, has announced the launch of c=, a new initiative that aims to improve the Bitcoin Lightning Network. c= is a new endeavor that aims to improve the Bitcoin Lightning Network. The Lightning Network is a layer 2 payment network that aims to make Bitcoin transactions quicker, cheaper, and more reliable. Its primary function is to reduce the fees associated with Bitcoin transactions. From its inception, the network has been subject to unplanned expansion, with the acceptance of its services in the real world being the primary driver of its liquidity and capacity.

07.03 / 15:43

Blockchain CEO Remark Discover Shell FTX episode illustrates need for ‘Home’ regulator: Top U.S Banking official

According to one of the United States’ most prominent banking officials, cryptocurrency companies that operate many organizations in various nations should be under the control of a single, consolidated “home” regulator. This, to prevent them from engaging in “games” meant to circumvent laws.

07.03 / 15:39

Blockchain UPS Ethereum Waves Digital Platform HedgeUp’s Projected Record Breaking Growth Propels It Ahead Of Aptos And Neo

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07.03 / 13:15

Blockchain Technology Adoption Investments inflation Bitcoin 9 essential finance terms you must know

Financial literacy is a critical life skill that can have a significant impact on an individual’s financial well-being and overall quality of life. It is important for individuals to continuously educate themselves on financial terms and concepts to make informed decisions and achieve their financial goals.

07.03 / 11:53

Blockchain cryptocurrency Provident NASDAQ Platform tracking Tracking crypto funding: Top 7 projects raising capital in a bear market

Despite the prevailing high-interest rates and bearish market sentiment, Venture Capital (VC) funding has continued to flow to the crypto industry.

07.03 / 10:51

Blockchain Provident Threat Cyber Shellboxes, an Industry-Leading Cyber Security Firm, Declares Continuous Commitment to Protect Blockchain Projects from the Growing Threat of Cyber Attacks

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

07.03 / 10:13

Blockchain defi Hackers hacks wallet Cybersecurity Cybercrime Warning Algodex reveals wallet infiltrated by 'malicious' actor as MyAlgo renews warning: Withdraw now

Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved.

07.03 / 09:03

Blockchain defi Hackers hacks Cybersecurity security Uranium Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

One of the wallets associated with the $50 million exploit of Uranium Finance in April 2021 appears to have awoken after 647 days of dormancy, with funds headed towards crypto mixer Tornado Cash.

07.03 / 08:35

Blockchain Ethereum Adoption coinbase Decentralization layer2 network Coinbase CEO hints its new layer-2 network could include AML measures

Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and anti-money laundering measures at launch.

07.03 / 06:33

Blockchain Ethereum Adoption privacy Developers us government Tornado Cash dev says 'sequel' to crypto mixer aims to be regulator-friendly

A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which he hopes will convince U.S. regulators to reconsider its position on privacy mixers.

07.03 / 05:43

Blockchain UPS Digital Platform Customer What’s better than customer loyalty? Community loyalty.

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07.03 / 01:11

business Blockchain Technology Law Web3 Decentralization Digital Asset Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision

Hermès International, the French luxury fashion house, has requested a Manhattan federal court to block artist Mason Rothschild from marketing or owning his "MetaBirkin" non-fungible tokens (NFTs) following a recent jury decision that found Rothschild had violated Hermes' trademark rights in its famous Birkin bags, as reported by Reuters.

07.03 / 00:15

markets business Blockchain Investments Bitcoin Regulation Bitcoin Price Crypto Investment Products week Investor concerns persist as crypto investment products see 4th week of outflows

On Mar. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto investment products, with outflows totaling $17 million.

06.03 / 21:53

Blockchain UPS Ethereum Provident Ripple Platform EOS week Cryptocurrencies To Watch: Week of March 6

The cryptocurrency market is holding tight at its current ranges. News of crypto bank Silvergate Capital (SI) potentially being investigated by the U.S. Department of Justice and delaying its annual report sent ripples through the market late last week, but may not have a significant impact. On the whole, it was a middling week for crypto.

06.03 / 19:55

Blockchain Ethereum ETH Suspected Hackers Move Stolen Funds to Sanctioned Crypto Mixer

Blockchain security firms PeckShield and Beosin have reported that suspected hackers who exploited Lendhub, a decentralized finance lending protocol, have moved more than half of their ill-gotten gains to Tornado Cash, a crypto mixer service. According to Beosin, around 2,415 Ether (ETH), worth about $3.85 million, was sent to Tornado Cash from a wallet connected to the Jan. 12 exploit. Beosin also reported that a total of 3,515.4 ETH, currently worth over $5.7 million, has been sent to Tornado Cash by the exploiter since Jan. 13.

06.03 / 19:19

Blockchain COST UPS Progressive Fighting This New Crypto Will Introduce Token Gated Access for the Leading Combat Sports Community on Web3 – How Does it Work?

Move-2-Earn (M2E) created a lot of noise last year, with projects such as Solana-based STEPN gaining big traction. Yet, despite surging interest - many feel the sector has failed to deliver on the promise of revolutionising fitness and health with Web3.

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