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AlphaQuest counted the number of “dead” cryptocurrencies.
For crypto projects, 2023 was the hardest year over the last 4 years. During this period, developers abandoned 59.35% of tokens tracked on CoinMarketCap.
Analysts studied more than 12,000 projects, identifying the “dead” ones based on four criteria:
📌Low liquidity/trading volume 📌Dysfunctional site 📌Delisted from CoinMarketCap 📌Deleted X account (no updates in X for more than three months).
It turns out that almost 60% of projects have been abandoned.
This is why we constantly remind you that any investment in crypto is high risk and to always DYOR.
Get ready as pixel is about to launch on WORLD LARGEST CRYPTO EXCHANGE (binance) gear up!! there's usually going to be a short term dump,if you're swapping your token don't forget to keep small. "YOU NEVER KNOW WHAT CAN HAPPEN.
As 🥇 Bitcoin hit the $52,000 price mark, it has reclaimed the $1tr market cap today, a key milestone, for the first time since December 2021. BTC now has a bigger market capitalization than giants such as Walmart, Tesla, or Berkshire Hathaway.
🔵 Coinbase Global reported robust financial results for Q4 2023, exceeding expectations and demonstrating strong growth across key metrics:
⚫️Revenue reached $953.8m, marking a 51.6% increase year-over-year ⚫️Earnings per share (EPS) stood at $1.04, a significant improvement from -$2.46 in the previous year ⚫️The company surpassed Wall Street estimates with revenue and EPS surprises of +30.31% and +1255.56%, respectively ⚫️Key metrics such as trading volume and net revenue from transaction revenue and subscription services demonstrated notable growth compared to the previous year
“SBF” stands for Sam Bankman-Fried, the founder of the FTX crypto exchange, which, last year, was ranked second among all major rankings of cryptocurrency trading platforms behind only Binance.
In the fall of 2022, the FTX platform collapsed. There were a lot of discussions and theories surrounding its demise (there is even a widely held theory that FTX was eliminated by the well-known CZ). But anyway: SBF is now under investigation and in jail, and his next trial is scheduled for October 3.
SBF himself recently described himself as “one of the most hated people in the world.” The former FTX head faces up to 115 years in prison (that’s not a typo).
💲 Tether plans to invest $500 million in bitcoin mining over the next 6M to become one of the world's largest BTC miners - Bloomberg
The company is building mining farms in Uruguay, Paraguay and El Salvador and plans to reach 450 MW of capacity by the end of 2025, which would account for 1% of the total BTC network hashrate.
Yesterday we saw a proper shakeout. Triggered both LONGs and SHORTs
Bitcoin now should consolidate for some time allowing altcoins to grow unhindered.
After that consolidation we must see another wave of growth up to the $40,000 - $42,000 levels and this resistance will more likely act as a local top for Bitcoin.
The real correction should start from there. But you need to know these are early plans, time can change things. follow me for more.
Many thought SBF would get away with it, but not this time.
He faces up to 115 years in prison for fraud and criminal conspiracy for stealing $8 billion from FTX customers. The best part is that SBF continues to insist on his innocence and vehemently denies the charges.
The court will make a final decision on March 28, 2024, but it is unlikely that Sam will be able to change anything.
But Curly may become famous as the man who committed one of the biggest financial crimes in US history.
FTX wants to sell $744m worth of Grayscale, Bitwise assets
The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets in September. Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware allow it to sell certain key trust fund assets, including from crypto asset manager Grayscale Investments and custody service provider Bitwise, valued at around $744 million. In a court filing dated Nov. 3, FTX debtors requested the court to allow them to sell trust assets to enable the firm to prepare for “forthcoming dollarized distributions to creditors.”
These trust assets are held in one Bitwise trust valued at $53 million and five Grayscale trusts valued at $691 million. The trusts act as an onboarding instrument for investors to gain crypto exposure without owning the assets.
$BTC UPDATE -- 📣 Former Ripple CTO, Stefan Thomas, forgot the password for his IronKey hard drive, which contains 7,002 Bitcoin $BTC -- follow for more
In the cryptocurrency world, the term “fully doxxed” means that a person’s identity in the real world has been revealed publicly, either through a leak of personal information or intentional distribution. Depending on the individual or project, this issue is a point of contention, as many people use cryptocurrencies to remain anonymous.
The term “doxxed” comes from the word “docs,” which is short for “documents.”
However, sometimes, doxxed can also be used positively—e.g., when discussing the founders of an NFT collection. If the founders of an NFT project are doxxed, it’s a good thing because it means that anyone can get to know their story and background, which adds to the transparency of the NFT collection. follow me for more