In April-June 2022, the loss of the Reality Labs division connected with the metaverse in the Meta structure amounted to $ 2.81 billion. (-$3.67 billion in the first quarter). During the reporting period, revenue decreased from $695 million to $452 million, while the forecast was $431 million. For comparison, the figure for the company as a whole is $...
Leading digital assets continued to rise despite the increase in the Fed 's key rate range by 75 basis points at once. The capitalization of the cryptocurrency market increased by 8% per day and overcame the level of $1.1 trillion, according to CoinGecko . Over the same period, Bitcoin has risen in price by 9.5%, Ethereum has added almost 14% in price. At the...
In 2022, the correction affected all areas of the digital market. Despite the decline in performance, the DeFi sector is not losing popularity. One of the drivers of decentralized finance is profitable farming. Investments in liquidity pools and lending platforms bring high returns - up to 4000% per year. Risk is limited by coin novelty and volatility. In 2018-2020 such platforms...
The value of the flagship cryptocurrency bitcoin (BTC) rose and again surpassed the $22,000 mark amid statements by representatives of the Federal Reserve System (Fed) to raise interest rates by 75 basis points. Analysts noted that the volatility of Bitcoin rose immediately after the announcement of the results of the meeting of the Federal Open Market...
On July 26, ARK Invest sold a total of 1.41 million Coinbase shares worth ~$75 million. The Bitcoin exchange lost 21.1% of its capitalization following the trading session. The market also reacted to information about the SEC investigation into Coinbase. Data: Bloomberg. According to the firm's daily newsletter, Ark Innovation (ARKK) cut its position by 1.13 million shares, Next Generation Internet (ARKW)...
One of the chief specialists of Skerry Technologies, Nicholas Weaver, called Ethereum a “self-assembled Ponzi scheme.” In other words, he called the cryptocurrency project fraudulent. The expert noted that the structure of digital currencies' work implies the possibility of illegal actions. The specialist made such a statement, speaking to Kaylee Linez and Matt Miller on Bloomberg Crypto. Criticizing...
According to a recent survey by CivicScience, about 54% of investors have not sold their crypto assets in the past six months. A quarter of respondents noted that they sold almost all digital currencies. And 20% of those surveyed got rid of a small amount of digital moment. According to experts, it is not surprising that there...
The Central African Republic (CAR) has opened a public sale of the national cryptocurrency SANGO. The first phase of the Genesis Cycle project will last a month. During its course, 210 million coins are available to investors for $0.1. Quotes for the listing of the asset are stated at $0.45. At the time of writing, customers have purchased...
The protracted correction in the digital market does not affect the popularity of cryptocurrencies. As the number of users grows, the algorithms of top networks become more complex. This forces miners to increase their mining power. In Asics, hashing is performed by mining chips. Thanks to such microcircuits, the power of one ASIC is equivalent to the...
Hong Kong-based regulated bitcoin exchange OSL has launched a US dollar-denominated Ethereum-based coupon bond issue. The issue volume is not specified. Each token is equivalent to $10,000. There is a base and bonus coupon, which is tied to the dynamics of bitcoin. Repayment is provided in three months. The STO issue is placed among professional investors. Animoca Brands, Head & Shoulders Financial...
