The total market cap of public crypto stocks has quadrupled since January
The combined capitalization of publicly-traded crypto stocks surged from roughly $25 billion in January to around $100B today. The combined market cap of publicly-listed crypto firms has roughly quadrupled this year while the number of public digital asset firms has increased by 28% over the same period.A new report from CoinShares estimates that public “cryptocurrency pure play companies” were worth roughly $25 billion at the start of the year, with mining firms and financial service providers representing the lion’s share of value.While the report notes that 16 digital asset firms have....
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Ransomware attacks have quadrupled this year over last year, averaging 4,000 per day, according to the U.S. Justice Department, The Wall Street Journal reported in a front-page story recently. This is because ransomware has become easier to deploy and more profitable than other scams, and bitcoin is more widely used. The FBI noted ransomware costs totaled $209 million in the first three months this year, compared to a total $24 million for all of 2015. Costs include lost productivity and time needed to recover files. Ransomware losses averaged $333,000 per incident in the first three....
Volatility in the crypto markets is here to stay. Thus, understanding the utility, necessity and long-term viability of projects is crucial. In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%.Volatility of this magnitude in the crypto markets is nothing new, especially for those battle-tested by market cycles of years past.....
It's been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks. Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine different companies during a January 2021 rally.According to a Thursday report from Reuters, United States District Court Judge Cecilia Altonaga of the Southern District of Florida ruled that investors in GameStop, AMC and seven other....
Bitcoin public mining companies have been struggling along with the rest of the crypto market. With the decline in the price of bitcoin, these companies had seen their cash flow decline, driving come to the brink of bankruptcy. However, while it seemed like the losses that public BTC miners have incurred have happened in the bear market run, it goes back even father back. Bitcoin Miners Are Barely Profitable Public bitcoin miners, both large and small, had grown in popularity over the last year. Their stocks allowed investors to bet on the crypto market without having to buy any of the....
The report states that KYC and AML standards for exchanges have significantly improved over the last four months. Out of the 160 cryptocurrency exchanges analyzed in a recent report, half control roughly 85% of the total market share.According to a CryptoCompare Research report published today, exchanges that the analytics firm rated as “top tier” gained 13% of the market share from October 2020 to January. This put the market share of these 84 exchanges at roughly 74%, with more than $1 trillion in assets.However, CryptoCompare said this percentage likely rose to 85% for January. Given....