Report – Page 3

DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody’s Says

The Wall Street ratings agency's first-ever report about the sector underscores the increased attention towards DePIN apps.

Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says

September could be another difficult month for the miners as bitcoin remains under $60K and the network hashrate continues to rise, the report said.

Crypto Retail Market Is Poised for a Rebound: Gemini

Adoption of digital assets has remained steady in the U.S. and the U.K. in recent years, despite significant headwinds, a survey by the crypto platform showed.

Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says

Crypto scams accounted for only a tenth of total financial fraud complaints last year – but nearly half of the losses.

Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says

The network activity has also been falling on Ethereum and stalling on the Bitcoin blockchain, the report said.

U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut

The bitcoin price rose about 1% just after the numbers hit, but remains lower by about 5% from one week ago.

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

Since 2019, the cash-to-crypto industry– which is dominated by crypto ATMs – has processed at least $160 million in illicit trades, TRM Labs said.

Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds

Think-tank Public Citizen found that crypto companies have contributed $119 million to crypto-friendly muhteşem PACs this election cycle.

Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says

U.S.-listed mining companies produced a larger share of bitcoin in July than the previous month as they brought on new capacity faster than the network hashrate rose, the report...

IRS Shares New Crypto Tax Form, Invites Industry Input

The IRS’ new U.S. crypto tax regime will begin to go into effect for 2025 taxes, though some controversial aspects remain to be worked out.