Protocol Labs, Chainalysis And Bittrex Join The Layoff Season In The Cryptocurrency Industry

Several cryptocurrency companies have cut jobs this week amid the current crypto winterretaining “impact” employees as they prepare for a “longer recession.”

At Least 216 Jobs Cut Among Three Cryptocurrency Firms: open source software lab Protocol Labs, blockchain data firm Chainalysis and US cryptocurrency exchange Bittrex, with reductions of 89, 83 and 44 employees respectively.

Juan Benet, CEO of Protocol Labs, the company that launched Filecoin (FIL), announced the job cuts in a February 3 blog post stating that the company has had to focus its workforce “on the most impactful and business-critical efforts”.

Benet stated that the company’s decision to cutting “89 positions”, roughly 21% of its workforce, was to ensure it is well positioned to “weave through this long winter”.

Benet suggested that the company must “prepare for a longer recession”given that it has been an “extremely difficult” time for the crypto industry.

Meanwhile, Bittrex employees were informed by CEO Richie Lai via email on Feb. 1 that the company has reduced its workforce to “ensure the long-term viability” of the company..

The email will filter via Twitter on February 2, in which Lai stated that despite the leadership team “working aggressively” to reduce expenses and increase efficiencies in recent months, the efforts have not produced the “necessary results”.

Lai added that market conditions have forced the company to readjust its strategy and balance its “investments with the new economic environment.”

According to Washington State employment data, on February 2 it became known that Bittrex cut 83 jobs.

Maddie Kennedy, Chainalysis’ director of communications, told Forbes on February 1 that those “mostly in sales” at the company were laid off, while 44 of its 900 employees, approximately 4.8% of the workforce, suffered a cut.

These layoffs follow news that at least 2,900 employees were laid off from 14 cryptocurrency companies in January.

Coinbase was the company that suffered the most layoffs, with the reduction of 950 employees on January 10.

Meanwhile, competing exchanges Crypto.com, Luno and Huobi had reductions of approximately 500, 330 and 320 employees respectively.

Cointelegraph has requested comment from Protocol Labs, Chainalysis, and Bittrex, but has not received a response at press time.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

Keep reading:

Source link


Farmy introduces the first farmlands NFT platform to take the agriculture industry into a new era – Cryptocurrency News Today

Farmy introduces the first farmlands NFT platform to take the agriculture industry into a new era – Cryptocurrency News Today – EIN Presswire

Trusted News Since 1995

A service for banking industry professionals
Saturday, February 4, 2023


3+ Million Readers

News Monitoring and Press Release Distribution Tools

Press Releases

Events & Conferences

Source link


Cryptocurrency Price Today: Bitcoin Holds Above $23,000, Ethereum Registers Minor Gains

Bitcoin (BTC) and Ethereum (ETH) — two of the most valued crypto coins — managed to stay above the $23,000 and $1,600 marks, respectively, on early Saturday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC) — landed in the greens as overall prices saw minor gains across the board. The Shiba Inu (SHIB) token emerged to be the biggest gainer, seeing a 24-hour jump of over 14.76 percent. EthereumPoW (ETHW), on the other hand, turned out to be the biggest loser. 

At the time of writing, the global crypto market cap stood at $1.08 Trillion, registering a 24-hour gain of 0.25 percent.

Bitcoin (BTC) price today

Bitcoin price stood at $23,355.67, seeing a 24-hour loss of 0.83 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 19.48 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,654.20, marking a 24-hour gain of 0.64 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.37 lakhs.

Dogecoin (DOGE) price today

DOGE registered a 24-hour jump of 2.98 percent as per CoinMarketCap data, currently priced at $0.09415. As per WazirX, Dogecoin price in India stood at Rs 7.83.

Litecoin (LTC) price today

Litecoin saw a 24-hour change of 0.00 percent. At the time of writing, it was trading at $98.99. LTC price in India stood at Rs 8,259.74.

Ripple (XRP) price today

XRP price stood at $0.4086, seeing a 24-hour loss of 0.63 percent. As per WazirX, Ripple price stood at Rs 33.67.

Solana (SOL) price today

Solana price stood at $24.48, marking a 24-hour jump of 0.55 percent. As per WazirX, SOL price in India stood at Rs 2,093.99. 

Top crypto gainers today (February 4)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Shiba Inu (SHIB)

Price: $0.00001415
24-hour gain: 14.76 percent


Price: $74.27
24-hour gain: 13.74 percent

Casper (CSPR)

Price: $0.03956
24-hour gain: 9.34 percent

ImmutableX (IMX)

Price: $0.9368
24-hour gain: 9.10 percent

Optimism (OP)

Price: $3.05
24-hour gain: 7.47 percent

Top crypto losers today (February 4)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

EthereumPoW (ETHW)

Price: $4.54
24-hour loss: 3.36 percent

Rocket Pool (RPL)

Price: $40.45
24-hour loss: 3.22 percent

Huobi Token (HT)

Price: $5.67
24-hour loss: 3.18 percent


Price: $3.10
24-hour loss: 2.78 percent


Price: $1,864.40
24-hour loss: 2.00 percent

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

Source link


The Top Cryptocurrency influencers to Follow on Twitter in 2023

The number of cryptocurrency influencers on Twitter has grown leaps and bounds in the recent past. These influencers help individuals to understand new projects, express different crypto tips and provide myriad crypto-related news and information through their tweets. Let’s take a closer look at the leading cryptocurrency influencers on Twitter in 2023 who can give you reliable and genuine crypto advice.

What is a Crypto Infuencer?

Over the recent couple of years, blockchain and cryptocurrency have garnered an astronomical attention from investors and traders all around the world. Investors, traders and crypto enthusiasts seek the insights of these crypto Twitter influencers to take advantage of opportunities in the digital assets space as they seem to be considerably better at comprehending the subtleties of the asset class.

However, ever evolving regulations, blockchain tech concepts, highly unpredictable market trends and the influx of scammers have spooked a number of users who wish to join the crypto bandwagon.

In order to simplify these hindrances, just like any other web community, influencers in the crypto space use various social media platforms such as YouTube, Instagram, and Twitter to churn out content that focuses on cryptocurrency and the Web3 subculture created around it.

crypto influencer twitter

Why Choosing the Right Influencer is Important?

On the flipside, it has been observed that several crypto entrepreneurs hire influencers to push up the value of their digital currencies, hoping to ignite the sort of online hype. Major celebrities such as Kim Kardashian, Madonna, Paris Hilton, Justin Bieber, Tom Brady, Gisele Bündchen or Gwyneth Paltrow among many others have participated in promotions of cryptocurrencies and NFTs, sometimes the projects promoted by these superstars have not worked very well so even their image has been affected, which is why when following a cryptoinfluencer we must seek knowledge of the sector and not the popularity of the person.

Since, Twitter is the most effective social media platform for influencer marketing and connects with a larger audience, cryptocurrency influencers too have a wide array of possibilities to create and distribute original content to interested followers. Twitter is also a fantastic platform for networking with other cryptocurrency enthusiasts worldwide.

Therefore, the below mentioned top crypto influencers on Twitter can ensure you always receive the most up-to-date news and receive proper guidance about what’s happening in the burgeoning world of crypto.

Top Crypto Twitter influencers

Bitcoin Archive

twitter btc archive Bitcoin Archive is highly credible for its reliable news, consistency and purposeful commentary. It is a one-person account run by its host, Archie. There are several updates each day with apposite information for individuals looking for the best crypto Twitter accounts for breaking Bitcoin (BTC) news.

Andreas M. Antonopoulos

twitter andreas antonopoulos Andreas M. Antonopoulos is one of the biggest Bitcoin (BTC) ambassadors with one of the best crypto Twitter accounts for Bitcoin investors and enthusiasts. Andreas’ Twitter account has brought many crypto news, memes and entertaining anecdotes about the digital asset sector. His weekly or bi-weekly information is valuable for both new and seasoned investors.

Ben Armstrong (BitBoy Crypto)

Bitboy_Crypto influencer twitter He is is best known as BitBoy Crypto and one of the most well-known crypto influencers in today’s world. Ben who has nicknamed himself “the Alex Jones of Crypto,” even flew to the Bahamas in an attempt to track down Sam Bankman-Fried in person after the FTX debacle. He provides live streams and updates on what’s happening in the crypto space so that users can always stay informed.

Tone Vays

Tone Vays crypto influencer twitter Tone Vays is a derivatives trader and analyst who used to work in Wall Street before jumping on the crypto bandwagon. He offers regular insights on different types of crypto news, digital security and evolving trends in the crypto space. Interesteringly, Vays is also the founder of several securities and crypto events where he puts forward valuable advice for both rookie and seasoned investors.

Whale Alert

whale alert crypto influencer

Is a tracker that sends out a tweet containing details of whales’ transactions, including price and coin used among other. Cryptocurrency whales are individuals or entities that own large quantities of a specific cryptocurrency. Generally speaking, a crypto whale is an entity that holds enough digital currency to significantly influence market prices by trading significant amounts of coins and tokens. In order to prepare onself to market fluctuations, you should follow Whale Alert.

Wendy (CryptoWendyO)

CryptoWendyO twitter influencer Wendy is known for commentary, news and insights about crypto trading, as well as her perspective on crypto markets. She supplies with detailed technical analysis (TA) movements including decentralized finances (DeFi) and non-fungible projects (NFT). At the time of writing, CryptoWendyO has her account in private mode, but you can send her a follow-up request.

Carl Runefelt (The Moon)

TheMoonCarl twitter crypto influencer Carl Runefelt, also known as The Moon is the founder and CEO of The Moon Group, a crypto investment and consulting company. He has millions of followers on Twitter, Instagram, TikTok and YouTube while appearing on the Forbes 30 Under 30 list.It seems have you have a good reason for wanting his crypto advice and investment strategy since Carl and The Moon Group have already invested in nearly 400 crypto startups. He is a staunch believer in everything that revolves around decentralization and cryptocurrency.


100trillionUSD planb twitter This crypto influencer has created the stock-to-flow model, and is popular in the world of crypto for his predictions and analyses. PlanB provides posts and retweets information multiple times every day especially with with graphs and charts that makes this account even more appealing. He currently has almost 2 million followers and a YouTube channel where he uploads videos on a regular basis.

The Crypto Dog

The Crypto Dog twitter crypto influencer The Crypto Dog was an early Bitcoin (BTC) adopter, first investing in and mining the original cryptocurrency in 2011. He embarked on his Twitter journey in 2017 sharing different kinds of information on crypto investing, news and innumerous other topics related to decentralization. While some of his posts are original, he keeps retweeting a lot of valuable inputs multiple times every day.

Lea Thompson (Girl Gone Crypto)

girlgone crypto twitter influencer She is known as the Girl Gone Crypto who posts engaging crypto content and explains various crypto related topics such as DeFi, hardware wallets in a fun and entertaining way. If you are looking for a fascinating approach to understand crypto news and developments, do follow Thompson. Her analyses have appeared in important media such as Bloomberg, The Times, Vice, Time Magazine, NY Post, ELLE, Vogue Business, etc.

Christopher Jaszczynski (MMCrypto)

MMCrypto twitter crypto He is one of the most popular and influential crypto personality with a whopping 1.2 million followers on Twitter. He has won the coveted award of the top crypto influencer of 2022 at the AIBC Summit held in Dubai. Better known as MMCrypto, Jaszczynski has lived the “Rags to Riches” story. He was a former taxi driver before plunging into the sea of cryptocurrency with advises ranging from the market to long-term predictions on the overall digital assets industry.

Stefan Jespers (WhalePanda)

twitter whale panda He is better known by his pseudonymous Twitter handle WhalePanda boasting more than 294,000 followers. He considers himself as an “angel investor” and “crypto OG.” WhalePanda often tweets about Bitcoin and crypto adoption and was notably against the proposed Bitcoin SegWit2x fork of 2017. It is worth noting that He predicted a 2020 Bitcoin price low of $7,600 and a high of $21,000. Bitcoin’s actual low came in around $3,860, and its 2020 high hit roughly $29,500, based on data from TradingView.

Dan Held

crypto influencer Dan Held twitter He was formerly the Director of Growth Marketing at Kraken, one of the world’s biggest crypto exchanges. Held had previously launched Bitcoin data app ZeroBlock. Being in the crypto world has provided him with vast knowledge of the nitty gritty of the industry. He has long been bullish on Bitcoin (BTC) and predicted that 2020 would be the beginning of a major bull run for BTC, which came true. With over 656K followers on Twitter, Held is a cryptocurrency influencer that you must follow.

Layah Heilpern

Layah Heilpern crypto influencer She is another prominent crypto influencer on the list explaining the benefits of cryptocurrency. Heilpern has written a book on Bitcoin and continues to post a wide range of content which includes Web3 and DeFi. She has a youtube channel where she broadcasts her show “The Layah Heilpern Show” which is also available on spotify and Apple Podcasts.

il Capo Of Crypto (Crypto Capo)

il Capo Of Crypto twitter He is a Crypto analyst and Twitter influencer whose insights are trustworthy and helpful. His tweets and posts are backed by thorough research into crypto’s evolution and historical context. His tweets are highly supported by the community, achieving thousands of likes and retweets on each one of them. He has almost 750,000 active followers.

Mac (MacnBTC)

macnbtc twitter If you want to learn cryptocurrency investing and trading, follow Mac. This Twitter account is mainly dedicated to crypto education. Mac uses his Twitter account to help readers learn important insights and actionable ways to invest intelligently. At the time of this writing, Mac has more than 350,000 followers from all over the world.


Following the best crypto Twitter accounts is a good way to stay informed about crypto markets. These accounts will help you learn more about the complicated, ever-changing world of cryptocurrencies, NFT, Web3 and about the decentralized economy.

Important: This article is only for educational purposes and we do not solicit investing money into something that you do not understand. Please do consider a financial advisor if you wish to get into the world of crypto.

Source link


Mangaluru: Man conned of Rs three crore over cryptocurrency deal

Daijiworld Media Network – Mangaluru (MS)

Mangaluru, Feb 4: A person, resident of Kannur Borugudde filed complaint with police accusing two men of conning Rs three crore on the pretext of investing in cryptocurrency.

Mohammad Shafad C K and Mohammad Afeed C K are the accused. Mohammed Shafad was known to the complainant. He told the complainant to inform him of any good investors to invest in cryptocurrency as he has made crore of rupees in January 2020.

CEN police station, Mangaluru (file photo)

The complainant was himself interested in the returns of cryptocurrency and said that he is going to invest. Mohammed Safad said that he will give 25% profit to the complainant.

In the third week of January 2020, Mohammed Shafad and his brother Mohammed Afeed had visited the house of the complainant. During their visit, the complainant gave Rs 35 lac to them. After a month, Mohammed Shafad informed the complainant that he has got Rs 8.75 lac profit for one month through a Whatsapp message and also showed cryptocurrency account.

Mohammed Shafad said that due to Covid the profit payment was delayed and will get updated in next two months. He also suggested the name of Jasmin Hamsa and got Rs seven lac transferred from the complainant through Hamsa.

Complainant collected Rs three crore from his friends and gave to the accused duo. However, the accused went missing after the handing over of Rs three crore.

Complainant came to know that both Mohammed Shafad and Mohammed Afeed were involved Cryptocurrency fraud case in Bengaluru in 2022. Accordingly the complainant filed a case accusing Mohammed Shafad CK, Mohammed Afeed CK, Sadiq, Jasmine and Mohammed Basheer of conning him for Rs three crore.

CEN police station of the city are investigating further.





Source link


The Head Of The Futures Trading Commission Hopes That The New US Congress Will Act On The Regulation Of Cryptocurrencies

Rostin Behnam, chairman of the United States Commodity Futures Trading Commission, or CFTC, has said he will continue efforts to have the agency regulate non-security tokens.

Speaking published for an American Bar Association event on February 3, Behnam noted “bankruptcies, failures, and bank runs” as part of the rationale for Congress giving the CFTC the authority to address cryptocurrency regulation. According to the CFTC chairman, the commission was “well positioned” to address any regulatory loopholes, but it held off US lawmakers from pulling the trigger on the legislation.

“Regulation is necessary to protect clients and prevent failures that cannot be predicted within any limits in national and global financial markets,” Behnam said. “Whether there is one or many in 2023 or 2033, we must act. There is a new Congress, and I will continue to be involved and provide technical assistance to draft legislation as requested.”

According to the chairman of the CFTC, lThe budget increases for the commission would also help grow its enforcement team, which has brought 69 crypto-related measures to date – a list that includes FTX, Ooki DAO and others. Behnam said the team was “working towards another strong year of precedent-setting cases” against fraudulent or illegal digital asset projects.

Although the political makeup of the 118th Congress differs slightly from that of its predecessor, it is unclear whether Behnam will grant more authority to the CFTC. One of the laws that legislators could review is the Lummis-Gillibrand Responsible Financial Innovation Act, first introduced in June 2022 with the goal of addressing the roles of the CFTC and the Securities and Exchange Commission in regulating financial institutions. cryptocurrencies.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

Keep reading:

Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.

Source link


Cryptocurrencies are just the beginning of seamless financial pursuits

With the speculative bubble that people seem to have known all these years and the direction into which they are headed, we have seen that the market will continually have a better shot at bringing so many other altcoins to the fore. The surface of the digital ecosystem looks a lot better with the users that we already have, and they expect far more superior services which couldn’t have been facilitated otherwise by any type of platform in the first place. Trading the cryptocurrencies in the market and knowing that the market will eventually have further digital resonance, we can say that it will eventually drive greater growth prospects as well. Here, we need to bring your attention to some specific digital platforms that have proved to be highly effective and productive for the users altogether. Right now, the need to fall back on any digital platform is significantly higher, and https://biti-codes.io  assists the users in that aspect quite conveniently, which becomes a better prospect in the digital segment. 

Crashes in the overall cryptocurrency values seem to signify the idea that there has been consecutive growth but so have the downfalls. Nonetheless, the market is as adaptable as it could have been and has brought in so many digital changes already, which couldn’t have been achieved otherwise. Right now, we can also determine that the final use of digital assets can easily be in the form of making them more driven toward the digital segment. Now, taking that into account, a lot can be said about it, and knowing that there is going to be so much digital relevance down the line, there is still some hope for it as well. The overall trading activity is also heavily impacted due to the constant fluctuations that we witness in the digital market, and that has taken over digital prominence as well. 

Learning from the mistakes 

The short-lived cryptocurrencies have also served as great lessons for the developers, which tell them what to do and what not to do. Therefore, the market can be forever driven towards acknowledging the needs, and that can only happen once we begin to understand the relevance of such types of markets in the first place. Economists continue to drive the relevance of any type of market to a great extent, and knowing that such digital impact will continuously be taken into account, users will have to understand that. Knowing that the market can move on to bring greater digital assets, it is quite convenient to say that the average expectations will highlight the market segment as well. Prices of digital currencies fall at any time, and the expectations from such types of falls also drop simultaneously. Therefore, to understand the market and know that such a type of digital mainstream can be further taken into account, we also have to address the market relevance as well. 

Here, the scope into which we currently seem to operate and monitoring such types of digital changes is equally important. Now, believing that we are becoming high-tech-oriented, it serves the need of overall users to keep bringing something unique to the table. Acknowledging the digital need of the market and believing that we can also contribute in this digital era to become digitally oriented, the hopes are significantly higher at this point. Knowing that the market relevance will increase with time, it is important to be mindful of digital threats as well. Any user that is currently operating in the crypto scenario is able to mine the cryptocurrencies, and they will also be able to deliver the best digital output once they become a seasoned miner. 

Anyone can do crypto mining, and that entails a greater digital reward for them down the line. Therefore, to acknowledge the needs of the market, we can certainly assess the market conditions in and out to figure out the possibilities attached to it. The internet connection is one of the predominant features that enabled it all in the first place. Mining popular cryptocurrencies will eventually make up for a greater digital segment, and that can take a lot of better digital prospects that are currently in line.

»Cryptocurrencies are just the beginning of seamless financial pursuits«

↯↯↯Read More On The Topic On TDPel Media ↯↯↯

Source link


U.S. reverse-hacks cryptocurrencies stolen by N. Korea : The DONG-A ILBO

It has been reported that the U.S. recovered over half of the cryptocurrency, estimated to be worth over 1 trillion won, stolen by North Korea through hacking last year. This was achieved through rigorous tracking and investigation of hacker organizations linked to North Korea. The Biden administration is believed to have identified “Lazarus” as the central group among these organizations and has placed more than 10 organizations under close monitoring and sanctions.

According to multiple government sources on Friday, the U.S. has recovered significantly by freezing funds in cryptocurrency exchange wallets (accounts) associated with North Korean hackers. The U.S. has a practice of creating a “blacklist” by tracing the wallets involved whenever there is a large-scale attack by a North Korean hacking organization.

The Biden administration has taken strong action against “mixer companies” specializing in money laundering by freezing assets in the U.S. and prohibiting transactions. The U.S. government used the “white hacking” method to retrieve the stolen cryptocurrency, which involved reversing the hack on the cryptocurrency exchange wallet of a North Korean-linked hacker who had successfully carried out an attack. “The white hacking method against North Korean hackers is unusual,” said a source. “It means that the U.S. recognized North Korea’s cryptocurrency theft as a threat and took a higher level of response.”

Another source said, “The Biden administration, including the Federal Bureau of Investigation (FBI) and the State Department, has taken a government-wide approach to responding to North Korean cybercrime. More than 10 organizations, including Lazarus, are believed to have been on the main watchlist.” Lazarus, which is believed to be linked to North Korea’s Reconnaissance General Bureau, is subject to U.S. and UN sanctions.

Chainalysis, a New York-based blockchain analysis firm, announced that North Korean-linked hacker groups, including Lazarus, stole 1.65 billion dollars in cryptocurrency last year. The report says this accounts for 43% of the total 3.8 billion dollars in cryptocurrencies stolen worldwide in the same year.

niceshin@donga.com · yea@donga.com

Source link


Nigeria ranks 1st in cryptocurrency usage and ownership globally —Report

New research by Trading Browser has revealed that Nigeria has the largest number of users and owners of cryptocurrencies in the world.

The study ranks countries based on the percentage of the population that reported that they used or owned cryptocurrency each year from 2019 to 2022.

According to the report, Nigeria tops the list with 45% of the population using or owning cryptocurrency in 2022. The country boasts over 90 million people using cryptocurrency, which is almost 1.5 times the population of the United Kingdom.

From 2019 to 2022, Nigeria saw a 17% total increase in ownership and use from 28% to 45%, equating to over 34 million people adopting cryptocurrency over the three years.

Coming in second place in Thailand. The Southeast Asian country has a massive 44% of its population reporting to using or owning cryptocurrency – equal to just over 30 million people. Turkey came third as the transcontinental country has 40% of its population owning and using cryptocurrency in 2022, equal to over 33 million people.

Other countries in the top 10: The first South American country on the list, Argentina, comes in fourth with an ownership and usage rate of 35% in 2022 – almost 16 million people.

In fifth place comes the United Arab Emirates (UAE). The UAE is hot on the heels of Argentina, with 34% of the population owning or using cryptocurrency in 2022, just over one in three people of the almost 10 million population.

  • The remainder of the top ten features the Philippines in sixth place with 29% (15 million) of its population using or owning cryptocurrency.
  • Vietnam is in seventh place with 27% of the population, equalling just over 26 million people using or owning cryptocurrency.
  • In joint eighth place, the country with the highest population in the top ten, India, is matched with the country with the lowest population in the top ten, Singapore.
  • Both nations have a rate of 25% of the population owning or using cryptocurrency in 2022 over 341 million and almost 1.5 million respectively.
  • In ninth place is Brazil. The second South American country of the top ten has the lowest rate of cryptocurrency ownership and use at only 24% – just over 51 million of the population.
  • Last place in the top ten in South Africa with a usage and ownership ship of 23%, working out to over 13 million people.
  • Surprisingly, the United States ranks 22nd on the list with only 16% of the population owning or using cryptocurrency. That’s equivalent to just over one in six people. The United Kingdom ranks even lower, coming in at 50th place with only 11% of the country owning or using the cryptocurrency – equal to just over 7 million people.

Industry status: Commenting on the findings, a spokesperson for Trading Browser said:

  • “The information presented in the data offers valuable perspectives on the industry’s current status, specifically emphasizing the increasing adoption of digital assets worldwide. It is positive to observe various countries making strides in terms of cryptocurrency regulation and infrastructure. It is hoped that this data will contribute to the further development and widespread acceptance of digital assets.”

Source link


The US Congress Will Hold A Hearing On The “cryptocurrency Crisis” On February 14

US lawmakers on the Senate Banking Committee have scheduled a second hearing to explore the impact of a cryptocurrency market crash.

In a Feb. 3 announcement, Senate Banking Committee Chairman Sherrod Brown said that senators would meet on Feb. 14 for a hearing titled “Crypto Crash: Why Financial System Safeguards Are Needed for Digital Assets.” . The hearing will take place two months after lawmakers met and discussed the collapse of cryptocurrency exchange FTX in a hearing on Dec. 14.

As this is the second scheduled hearing for the Senate Banking Committee after the start of the 118th session of Congress, there will be some changes. Senator Brown will continue to chair the committee, but Senator Tim Scott will take over as ranking member after Pat Toomey’s departure. Scott listed a cryptocurrency regulatory framework as one of his legislative priorities.

Committees of the House of Representatives and the Senate organized hearings after the declaration of bankruptcy of FTX, which affected many retail investors in the United States. The House Financial Services Committee is also expected to hold a second hearing on FTX sometime in 2023. At the time of publication, no hearings were listed on the committee’s schedule.

Hollywood actor Ben McKenzie, the star of shark tank and investor Kevin O’Leary, Jennifer Schulp of the Cato Institute and law professor Hilary Allen testified at the December hearing. Former FTX CEO Sam Bankman-Fried was scheduled to speak at the House Financial Services Committee hearing before his arrest in the Bahamas. It is not clear who will speak at the February hearing.

Cointelegraph contacted the office of Senator Sherrod Brown, but did not hear back at press time.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

Keep reading:

Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.

Source link