Industry

An industry is a sector that produces goods or related services within an economy. The cryptocurrency and blockchain industry includes various crypto related sectors, like cryptocurrency exchanges, mining pool companies, software and hardware companies, blockchain-based startups, insurance, gaming and gambling. 

The latest news on bitcoin, cryptocurrency and distributed ledger technology on Coinidol.com:


Creditors of the FTX Exchange May Wait for Decades Before Getting Their Money Back
Nov 21, 2022 at 14:00
News
Creditors of the FTX Exchange May Wait for Decades Before Getting Their Money Back
The bankrupt FTX exchange owes billions of dollars to its users, who have now become creditors. However, the lawyers give rather gloomy forecasts and explain that they will have to wait for decades to be reimbursed.
What Type Of Crypto User Benefits the Most from Crypto Payments and Transfers?
Oct 19, 2022 at 14:00
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What Type Of Crypto User Benefits the Most from Crypto Payments and Transfers?
The cryptocurrency ecosystem is vast and growing, with new segments sprouting up faster than innovation can keep up. Early on, the industry consisted of miners and hobbyists who were in it for the tech.
A Hacker Fails to Perform a Bridge Hack, Losing 5 ETH
Aug 23, 2022 at 12:12
News
A Hacker Fails to Perform a Bridge Hack, Losing 5 ETH
On August 22, 2022, an unknown hacker tried to break the NEAR/ETH Rainbow Bridge. However, the hack was blocked, protecting users' money. It also cost the criminal around 5 ETH (~$8,000).
Around $2 Billion was Stolen in Cross-Chain Bridge Hacks in 2022; Half of the Funds Went to North Koreans
Aug 09, 2022 at 11:39
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Around $2 Billion was Stolen in Cross-Chain Bridge Hacks in 2022; Half of the Funds Went to North Koreans
Cross-chain bridge transactions are considered to be the weakest point of blockchain. This flow cost users about $2 billion in the first half of 2022.
Who's Afraid of Bears: Minnesota Embraces Cryptocurrency Despite Price Downturn
Aug 01, 2022 at 10:35
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Who's Afraid of Bears: Minnesota Embraces Cryptocurrency Despite Price Downturn
The US states are actively embracing digital currencies. Minnesota is one of the latest states to jump on the cryptocurrency bandwagon.
A UK Banking Giant Turns to the Cryptocurrency Industry Amidst Bearish Market
Jul 25, 2022 at 12:50
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A UK Banking Giant Turns to the Cryptocurrency Industry Amidst Bearish Market
While the overall cryptocurrency market appears to be unwaveringly bearish, some investors think the downtrend is a good time to get into the industry. UK financial giant Barclays is looking to invest in a cryptocurrency project.
Altcoin Apocalypse: How to Safely Profit from Crypto Aftermath with PrimeXBT
Jul 18, 2022 at 12:50
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Altcoin Apocalypse: How to Safely Profit from Crypto Aftermath with PrimeXBT
Altcoin season is long over before it ever truly started. Unlike previous cryptocurrency bull markets, the crypto industry only saw a handful of mega performers.
Cryptocurrency Project Losses from Black Hat Hackers Increased 1.5 Times in Second Quarter of 2022
Jul 12, 2022 at 12:02
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Cryptocurrency Project Losses from Black Hat Hackers Increased 1.5 Times in Second Quarter of 2022
Black Hat hackers are actively exploiting the cryptocurrency industry and its vulnerabilities. In the second quarter of 2022, the total loss of crypto projects due to hacks and fraud amounted to $670,698,280.
Samsung is to Optimise Energy Consumption in Cryptocurrency Mining by 45% with New Chips
Jul 04, 2022 at 11:11
News
Samsung is to Optimise Energy Consumption in Cryptocurrency Mining by 45% with New Chips
On June 30, South Korean tech giant Samsung announced new semiconductor chips that can potentially be employed for mining cryptocurrencies. According to the announcement, the new 3-nanometer process technology will enable 45% optimization of power usage.
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