Sen. Warren Honors Satoshi Nakamoto
Fed's Governor C. Waller Says DeFi Could Boost USD's Global Strength, Crypto Market Cap Back At $2T
Welcome to Coinfeeds Daily Digest! Chainalysis reported that crypto-based money laundering has dropped 30% in 2023, from $31.5 to $22.2 billion, and CoinMetrics’ research suggests that Bitcoin and Ethereum are now immune to 51% attacks — one of the most prevalent issues in the space. Coinbase has beat Wall Street’s Q4 estimates with earnings of $1.04 per share and then saw its stock jump 8%. The crypto market has reclaimed a $2 trillion market capitalization, and Federal Reserve’s Governor Christopher Waller discussed how DeFi could boost the global strength of the U.S. dollar. Most notably, Senator Elizabeth Warren has celebrated Satoshi and Bitcoin itself on its 15th anniversary and requested that a U.S. flag be flown over the Capitol.
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Sen. Warren Honors Bitcoin's Creator
Senator Elizabeth Warren, who has been known for her critical stance on Bitcoin, has made a significant pivot by honoring the cryptocurrency's creator, Satoshi. This gesture comes on the occasion of Bitcoin's 15th anniversary. Sen. Warren requested that a U.S. flag be flown over the Capitol on December 18, a day now referred to as HODL Day, to commemorate the 15th anniversary of Bitcoin's launch. | Read More
Crypto Market Hits $2T Market Cap
The cryptocurrency market has recently achieved a significant milestone, reaching a market capitalization of $2 trillion. This surge in value is primarily driven by the two leading cryptocurrencies, Bitcoin and Ethereum, which have shown remarkable growth in both price and market dominance. | Read More
Crypto Money Laundering Drops 30% in 2023
According to a report by Chainalysis, a firm specializing in blockchain analysis, there was a 30% decrease in the amount of money laundered using cryptocurrencies in 2023. The figures fell from $31.5 billion in the previous year to $22.2 billion, a notable shift in the digital currency landscape. | Read More
CoinMetrics: Bitcoin and Ethereum Now Immune To 51% Attacks
Coin Metrics, a blockchain analysis firm, has weighed in on the matter of BTC and ETH’s security, reinforcing the notion that the top coins are now immune to 51% attacks. Their research used a 'Total Cost to Attack' metric, which takes into account the cost and operational expenses required to achieve majority control over the network's mining power or staked crypto. | Read More
Fed's Waller: DeFi Growth May Boost USD's Global Strength
Federal Reserve Governor Christopher Waller has presented an interesting perspective on how DeFi could bolster the U.S. dollar's position on the global stage. Waller pointed out that 99% of stablecoins are tied to the dollar, which suggests that the expansion of DeFi could, paradoxically, reinforce the dollar's leading role in the global economy. | Read More
Coinbase Exceeds Q4 Earnings
Coinbase's fourth-quarter earnings report revealed a remarkable performance with earnings of $1.04 per share, which is a substantial leap from the predicted $0.02 per share. The revenue also saw an impressive increase, reaching $953.8 million, surpassing the forecasted $826.1 million. This success was largely fueled by a significant surge in cryptocurrency prices, which led to a 100% increase in the exchange’s trading volume. | Read More