Adoption
Analysis
Mark Cuban expects many crypto projects to go extinct
Mark Cuban said the current bear market will reveal which projects were weak and demolish them, making room for the real disruptive applications to soar.
Adoption
El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves
El Salvador has collected over 2,300 Bitcoins since 2021. Even though the county lost more than $50 million with the recent crash, it's finance minister says the risk is extremely minimal.
Regulation
FINRA CEO welcomes crypto employees who were laid off as agency increases focus on digital assets
The Financial Industry Regulatory Authority welcomes people who got laid off from crypto platforms as it increases resources to understand and monitor cryptocurrencies.
NFTs
Bill Gates puts NFTs on blast as ‘shams’
Bill Gates recently spoke at a climate conference and addressed crypto projects like NFTs as shams, saying they have no real contribution.
Analysis
Saving in Bitcoin 73% more profitable over last 5 years versus S&P500
Even after the recent price dump, Bitcoin is still 73% more profitable as a savings mechanism than the next best asset, the S&P500.
Analysis
Blockworks’ founder claims crypto headed to ‘lifeless’ stage 3 bear market
Jason Yanowitz recently described the three stages of a bear market and said the market is currently at stage two. Things will get depressing before the market bounces, and the ones who stay will be rewarded.
Mining
Bitcoin mining equipment older than 2019 reaches shutdown price
With the recent price fall in Bitcoin, some mining rigs produced in 2019 are working in the red as the amount they mine does not compensate for the energy they spend.
DeFi
BlockFi cutting 20% of staff to prioritize profitability goal
BlockFi announced it will let 20% of its staff go to remain profitable in the current market conditions.
Exchanges
Crypto.com will lay off 260 people, shrinking by 5%
Crypto.com becomes the third crypto company to announce their downsize by letting go 260 people from its staff.
Payments
Bitcoin of America increases ATMs across the U.S. by more than 30%
Bitcoin of America has increased its ATM count to more than 2,500 and added two new coins to the network.
Analysis
Bitcoin to see boom in adoption, break 10% level by 2030
Blockware's report compares Bitcoin adoption to the historical data of other technologies and concludes that Bitcoin adoption has not yet reached its exponential growth phase.
Regulation
Solstin opposes Lummis’ bill; says Bitcoin should be separate from other digital assets
Senate candidate Brian Solstin opposed Senator Cynthia Lummis' bill on crypto assets, referring to a report from Fidelity that argues Bitcoin should be considered separately from other digital assets.