Coinbase, the largest U.S. crypto exchange, has reported impressive financial figures in its Q1 2024 earnings report. The company posted a total revenue of $1.6 billion, marking a significant 72% increase from the previous quarter. This surge in performance can be attributed to the booming prices of crypto assets and the successful launch of spot
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The recent guilty plea of Alexander Vinnik, a Russian national and operator of the now-defunct crypto exchange BTC-e, sheds light on the rampant money laundering activities that have plagued the cryptocurrency industry. Vinnik admitted to charges of money laundering conspiracy in the US, highlighting the extent to which platforms like BTC-e were used by cyber
Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, recently announced a bold move to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. This decision comes after Dorsey’s explanation to shareholders in a Q1 2024 earnings report, where he outlined the reasons behind the company’s focus on the largest
The recent correction in the cryptocurrency market saw Bitcoin, Ethereum, and many other digital assets hit multi-month low prices. However, XRP managed to remain relatively resilient during this period. Despite briefly dropping below $0.50, the token has seen a 3% increase over a two-week period, according to CoinGecko’s data. This resilience has caught the attention
Bitcoin has been on a wild ride recently, with massive fluctuations in its price. From reaching almost $65,000 to dropping to a low of $56,500, the cryptocurrency has kept traders on their toes. The recent recovery saw Bitcoin climbing back up to over $63,000, demonstrating its resilience in the face of market volatility. Not only
The Bitcoin price has been on a rollercoaster ride recently, experiencing both bearish pressure and a strong comeback. After falling below the $60,000 mark for the first time in almost two months, the price of BTC managed to recover above $60,000 and even reached as high as $63,000 in the past day. This raises the
Eigenlayer, a prominent project in Ethereum Restaking, is gearing up to launch its highly anticipated airdrop for collection on May 10th. This airdrop will allow users to earn Eigenlayer’s token $EIGEN and engage in trading activities on BingX Exchange immediately after collection. Eigenlayer has emerged as the largest Restaking project on Ethereum in 2024. While
The recent drop in the price of Bitcoin below the $59,000 support level has caused concern among investors in the cryptocurrency market. Analysts are wary of a potential further decline if a market capitulation occurs. Following the price drop, CryptoQuant reported approximately $120 million in liquidated long positions, signaling a significant shift in market sentiment.
Recently, Rep. Maxine Waters has put forth the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. This nomination has sparked discussions within the financial and crypto communities. Qualifications and Expertise Rep. Waters
The recent post-Halving slump in Bitcoin has had a significant impact on the Solana meme coin market, leaving traders feeling blue. However, amidst this sentiment, a new token named Sad Hamster has captured the attention of investors, leading to an overnight explosion in the price of HAMMY. The Sad Hamster meme has rapidly gained popularity
Telegaon, a crypto prediction website, has recently provided insights into when Cardano (ADA) will hit $45. This prediction represents an 8,900% price gain from its current price level, sparking the interest of ADA holders. The prediction claims that ADA will reach $45 by the year 2050, with a maximum predicted price of $45.87. Additionally, $39.12
MicroStrategy recently introduced a new Bitcoin-based strategy aimed at addressing the issue of online spam. The initiative, known as “MicroStrategy Orange,” was unveiled by the company’s executive chairman, Michael Saylor, during the annual MicroStrategy World conference. The core concept behind MicroStrategy Orange is the creation of an open-source decentralized identity solution built on the Bitcoin
Yuga Labs recently announced a partnership with Improbable during a Town Hall meeting at Otherside, a metaverse developed by Yuga Labs. This collaboration involves migrating Otherside onto Improbable’s MSquared network, which has generated a lot of excitement within the community. The potential benefits of this partnership have sparked anticipation among “Voyagers,” the community members of
Coinbase, a well-known player in the crypto market, made headlines recently with its first-quarter revenues totaling $1.64 billion. This amount surpassed the expected $1.34 billion, shocking both analysts and investors. The surge in revenue comes at a time when Bitcoin is experiencing a robust rally, significantly impacting the entire crypto sector. A substantial component of