As the price of bitcoin cratered last year, falling 83% and erasing $250 billion in market value, one company has secretly been making a killing with some rather unusual business transactions. Selling to a paradoxical mixture of bitcoin-believing crypto entrepreneurs and hedge funders out to profit off what they hope is the demise of cryptocurrency, bitcoin lending firm Genesis Global Capital originated $1.1 billion in cryptocurrency loans last year, according to a report released today. Continue reading Why Genesis Made Over $1 Billion In Bitcoin, Ethereum And XRP Loans
A report from Chainalysis, a blockchain analytics firm based in the U.S. and Denmark, has revealed that just two groups have stolen more than $1 billion worth of crypto in the past several years. Continue reading $1 Billion in Crypto Stolen by Just 2 Groups: How Do They Cash Out?
Brock Pierce, a co-founder of Blockchain Capital, a major venture capital firm that focuses on the crypto sector, has said that EOS and TRON are thriving based on the number of decentralized applications (DApps) and active users on the two smart contract blockchain protocols. Continue reading 235 DApps and $3.5 Billion in Transactions: Prominent Crypto Investor Sees EOS [and TRON] ‘Crushing it’
Tuesday afternoon saw Bitcoin, Ethereum, and Bitcoin Cash post minor against against the backdrop of a tepid crypto market recovery. Bitcoin SV continues to teeter on the brink of being the only major Bitcoin variant to not rank among the top 10 cryptocurrencies by market capitalization, closing out the period with a less than 0.5% gain. Continue reading Bitcoin & Ethereum Grind Upwards as Crypto Market Crosses $120 Billion
The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, generating a massive $88 billion in the past year. Continue reading Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018