The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the…
Coinbase, the largest US cryptocurrency exchange, has reported a remarkable rebound in the first quarter of 2024, with net income surging past $1 billion and total revenue reaching $1.6 billion. TLDR The exchange’s success can be attributed to several factors,…
Following a successful first-day trade of Bitcoin Spot ETFs in Hong Kong, popular Bloomberg Intelligence expert Eric Balchunas has taken center stage to analyze the historical introduction of the products in the country. Hong Kong’s Bitcoin Spot ETFs Attract Notable…
CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily high of over 48 BTC. CEO Zach Bradford highlighted…
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only…
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Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a…
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As 2024 progresses, the spotlight intensifies on1. BlockDAG: Pioneering Hybrid Crypto Technology2. Bitcoin (BTC): The Gold Standard of Cryptocurrency3. Tether (USDT): Stability in Volatility4. Ripple (XRP): Bridging Financial Institutions5. Ethereum (ETH): The DeFi Foundation6. Solana (SOL): High-Speed Blockchain Innovator7. Binance…
Jack Dorsey’s financial services and digital payments company, Block Inc., announced it will begin investing 10% of its monthly Bitcoin-related gross profits into BTC purchases. This announcement was made following the release of Block’s first-quarter earnings for 2024, which demonstrated…
Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows…
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Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below…
In the dynamic realm of cryptocurrencies, as established players like Solana and ICP experience downturns,Challenging Times for SolanaInternet Computer Protocol Faces A DownshiftBlockDAG’s X30 Miner: A Technological MarvelWhy BlockDAG Dominates the Crypto Landscape Disclaimer: This is a Press Release provided…
Over the last couple of years, the US government has tried to tighten its grip on different sectors of the crypto industry. As a result, these efforts have received significant backlash from politicians and central figures within the crypto space.…
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MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media…
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March…