January 13, 2024

Web3 Apps Surged 124% in 2023, According to DappRadar

The dApp industry experienced unprecedented growth, with DappRadar’s 2023 Industry Report revealing a 124% year-over-year increase in Unique Active Wallets (UAW). The report provides an overview of the dynamic landscape, shedding light on key NFTs, DeFi, and blockchain gaming trends. Blockchain Games Dominate Blockchain-powered games took the lead in dApp activity with a dominance of...
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Father and Son Duo Sentenced to Prison for Bitcoin Money Laundering Scheme

A father-son duo, residents of Maryland, have been sentenced for their involvement in a dark web drug trafficking and Bitcoin money laundering scheme. Joseph Farace, aged 72, was sentenced to 19 months in federal prison on January 8 for aiding his son, Ryan Farace, aged 38, in the laundering of Bitcoin proceeds from illicit drug...
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Over 30% of Blockchain Games Launched in 2023 Reported as Dead

More than 30% of blockchain games announced in 2023 have been reported as discontinued or canceled, as per the data provided by the Big Blockchain Game List. As of January 2024, the list encompasses 911 games, with 334 currently live and 577 still in development. Blockchain Games Face High Discontinuation Rate Out of the cumulative...
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What is the best investment in 2024? Top analyst calls Pushd (PUSHD) ahead of SOL and MATIC 

It is a ritual that we see a lot of price predictions early in the year for how cryptocurrency will behave in the market. Across-board analysts will predict the rise and fall of tokens as much as they can to guide investors and buyers into the right pool. One common thing we are seeing this...
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CFTC Report Reveals DeFi’s Achilles’ Heel: Lack of Accountability

In its recent report, the Commodity Futures Trading Commission (CFTC) underscored a fundamental issue within DeFi systems, pointing to the absence of clear lines of responsibility and accountability intentionally overlooked by certain industry structures. The report emphasized the substantial risks that DeFi systems pose to consumers, investors, financial stability, market integrity, and the fight against...
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After Bitcoin, Will the SEC Greenlight Spot Ethereum (ETH) ETF This Year? (Poll)

The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion. Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency. When ETH ETF? 2023 will go down...
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Genesis Global Trading Settles with NYDFS for $8 Million Over Compliance Failings

Digital Currency Group (DCG) subsidiary – Genesis Global Trading – reached a settlement with the New York Department of Financial Services (NYDFS) on January 12th. Genesis will pay an $8 million penalty after an agency’s investigation found significant failings in anti-money laundering and cybersecurity programs. NYDFS said the compliance failures left the company vulnerable to...
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Ed McGee Discusses Grayscale’s New Chapter Post Bitcoin ETF Approval

Grayscale Investments, a key player in the cryptocurrency market, is preparing to move into new territory following the latest U.S. approval of spot Bitcoin ETFs with the Securities and Exchange Commission. In an exclusive interview with Wall Street Journal, Grayscale’s Chief Financial Officer, Ed McGee, sheds light on the financial implications and strategic changes the...
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Ethereum (ETH) $ 3,245.29 4.70%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 244.32 2.59%
BNB (BNB) $ 617.27 0.74%
XRP (XRP) $ 1.12 1.89%
Dogecoin (DOGE) $ 0.388298 0.05%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 3,255.76 5.13%
Cardano (ADA) $ 0.796049 4.19%