A recently published working paper, collaboratively authored by industry experts, examines the critical influence of bitcoin mining in promoting worldwide clean energy efforts and stabilizing electricity grids. This paper probes into the utility of mining as a flexible and versatile instrument for large-scale demand response in industries and harnessing unused energy resources. Working Paper …
According to a Messari report, the Ethereum network’s revenues constituted more than 90% of the $ 491.5 million generated by layer 1 chains in Q3. The data also shows that in the period in question, the Aptos network’s revenues were 160% higher than in the preceding quarter. Ethereum Still Dominates While the third quarter …
The U.S. dollar value of funds flowing into digital asset investment products or exchange-traded products (ETP) in 2023 now exceeds $ 1 billion. In the week ending Nov. 10, approximately $ 293 million flowed into ETPs. Bitcoin ETP trading volumes in the week under review constituted nearly 20% of total bitcoin trading volumes …
The financial losses stemming from security incidents on the BNB Smart Chain in Q3 2023 were 27% lower than in Q3 2022. When compared to security incidents on other chains, rug pulls, price and reserve manipulation events on BSC accounted for “4% of the total fiat losses across all chains in Q3.” Fiat Losses 37% […]
On September 1, 2023, hackers made off with 2,675.73 monero (XMR), worth over $ 3 million at the time, from the Monero CCS donation wallet in nine separate transactions. Now, blockchain analysis firm Moonstone Research has traced forward through three of those transactions in a postmortem released this week. Monero Privacy Challenged in …