Crypto

CoinShares, a prominent European investment company, recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved revenue of £22.5 million ($28.5 million) in Q2 2024, exhibiting a remarkable 110% year-over-year growth from the £10.7

In the late 1990s, during one of Berkshire’s shareholder meetings, Charlie Munger famously stated, “The first $100,000 is a b****, but you gotta do it.” This mantra has been echoed in the world of Bitcoin, where over 450,000 BTC addresses currently hold Bitcoin worth $100,000 or more at current exchange prices. The year 2024 saw

Last week, the spot Bitcoin ETFs faced a challenging time as they experienced significant outflows. This negative trend continued into the new week with a withdrawal of $168.4 million from the ETFs. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were among the funds that saw substantial outflows. Tuesday also saw outflows totaling $148.6 million,

Celsius, a once prominent crypto lender, has taken legal action against stablecoin issuer Tether for an alleged wrongful liquidation of over $800 million worth of BTC. The lawsuit was filed on August 9 in the US Bankruptcy Court for the Southern District of New York, claiming that Tether breached its contract with Celsius two years

Recently, the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) came to a significant conclusion when Judge Analisa Torres ruled that Ripple must pay a fine of $125 million for violating securities laws. This ruling, while much lower than the initial demand of $2 billion from the SEC, was viewed as a

The conclusion to the settlements phase of the trial resulted in a much smaller fine than initially expected. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just a little over $125 million, significantly less than the $2 billion fine the SEC had requested. This decision

The Commodity Futures Trading Commission (CFTC) made headlines recently by awarding over $1 million to a whistleblower in the crypto industry. This individual provided the CFTC with crucial information that led to an enforcement action against improper trading in digital asset markets. The Director of Enforcement at the CFTC, Ian McGinley, emphasized the agency’s commitment

Tether, the stablecoin issuer behind USDT, is gearing up to double its workforce in the coming year, with the aim of strengthening areas such as compliance. Chief Executive Officer Paolo Ardoino has stated that by mid-2025, the company plans to have around 200 employees on board. This move comes as Tether looks to consolidate its

Shibarium, the layer-2 scaling solution for Shiba Inu, has announced the launch of a hard fork scheduled for August 9. The hard fork will introduce a burning mechanism aimed at improving the ecosystem by reducing the circulating supply of SHIB tokens. Shibarium has been making significant advancements in terms of transaction processing speed, scalability, and

Grayscale Research recently provided insights into the potential future of Bitcoin, suggesting that the digital currency could reach its all-time high later this year. This positive outlook is contingent on the U.S. economy avoiding a recession. The period leading up to this analysis saw stabilization in both the cryptocurrency market and broader financial markets, following

Bitcoin’s price has been on a rollercoaster ride recently, with a market-wide crash last week resulting in a significant drop from over $66,000 to a low of $49,500. However, the asset has started to recover, jumping back up to $53,000 and climbing to over $57,000 within a few days. The latest surge has seen Bitcoin

Metaplanet, a Japanese investment firm, has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures. This loan, equivalent to 1 billion Japanese yen, is intended to bolster Metaplanet’s Bitcoin holdings. The loan comes with a mere 0.1% interest rate per annum and a six-month term, commencing on August 8. If Metaplanet

Brazil’s Securities and Exchange Commission (CVM) recently approved the country’s first Solana-based exchange-traded fund (ETF). This approval, received on August 7, places Brazil in a leading position ahead of other countries, particularly the United States. While Brazil has made significant progress in approving Solana ETFs, the United States is still in the early stages of

Recent developments in the political landscape have shown a growing interest in the cryptocurrency industry as a battleground for rival presidential campaigns. A new advocacy group known as “Crypto for Harris” has emerged to challenge Donald Trump’s appeal within the industry. This group aims to support the Harris campaign and drive fundraising efforts by organizing

XRP has recently shown a remarkable decoupling from the broader crypto market by outperforming all top assets in terms of daily gains. This digital asset experienced a sharp uptick in price, reaching $0.64 before slightly retracing to $0.61. What sets XRP apart from the rest is the significant accumulation by whale wallets, with wallets holding

The recent $12.7 billion settlement finalized by United States District Judge Peter Castel has put bankrupt cryptocurrency exchange FTX and its sister company Alameda Research in the spotlight. This decision comes as part of a settlement with the United States Commodity Futures Trading Commission (CFTC) after a 20-month-long lawsuit initiated by the commission. The filing

The recent prediction by Benzinga crypto analyst Armando Pantoja regarding Shiba Inu’s price surging to $0.001 has caught the attention of many investors. However, it is essential to note that the cryptocurrency market is highly unpredictable, and past performance does not guarantee future results. While Shiba Inu experienced a significant price increase of 1,000x in

Nexera, a prominent DeFi protocol, recently experienced a smart contract security breach that led to the theft of $1.5 million worth of NXRA tokens. This incident has had significant repercussions for the protocol and its native token. The Exploit The exploit was first reported by Cyvers, a blockchain security firm, on August 7. The firm

Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month, despite the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This accumulation trend indicates a strong bullish sentiment among large investors

The CryptoQuant CEO, Ki Young Ju, has expressed optimism regarding Bitcoin’s potential to surpass its all-time high if the price remains above $45,000. Despite some bearish indicators in the broader financial markets, Ju believes that Bitcoin’s recovery is possible, especially if it maintains its current levels for the next week or two. However, he also

The Bitcoin exchange-traded funds (ETFs) in the United States hit a milestone on August 5, with daily trading volume exceeding $5 billion. This surge marked the first time since mid-April that such a high volume had been achieved. Among the top contributors to this impressive figure, BlackRock’s IBIT ETF stood out with nearly $3 billion

The total crypto market capitalization has once again surpassed $2 trillion, after experiencing a significant downturn that wiped out $500 billion from the space in less than a week. This sharp decline saw the figure drop to $1.83 trillion on August 5, triggered by Bitcoin falling below $50,000 and Ethereum plummeting 23% in a single

In the midst of a massive market crash that caused Ethereum to drop by 23% in less than 24 hours, U.S. spot Ethereum ETFs surprisingly experienced a positive day of inflows. On August 5th, the newly launched spot ETH ETFs collectively saw an inflow of $49 million, marking it as the second-highest inflow day since

Marathon Digital (MARA) experienced a significant drop in its shares in after-hours trading following a second-quarter revenue report that failed to meet Wall Street’s expectations. The company reported revenue of $145.1 million, falling short of the forecasted $157.9 million by approximately 9%. The revenue miss was attributed to operational challenges such as unexpected equipment failures,

In July, the total stablecoin market capitalization saw an impressive growth of 2.11%, reaching a total of $164 billion. This upward trend marks the tenth consecutive month of ascent for major stablecoins, with their market dominance increasing to 6.93%. Tether, the largest stablecoin by market cap, experienced a 1.61% increase to $116 billion, setting a

Senator Cynthia Lummis of Wyoming has recently introduced a groundbreaking Bitcoin bill that could potentially change the landscape of digital assets in the United States. This bill, dubbed the “Bitcoin Act,” has been likened to the historic Louisiana Purchase and aims to bolster the government’s holdings of Bitcoin over the next five years. The proposed

In the second quarter of 2024, Riot Platforms experienced a significant setback with a net loss of $84.4 million, a sharp increase from $27.4 million in the same period the previous year. This widened loss can be attributed to the lingering effects of the Bitcoin halving that occurred in April. Despite this, Riot still managed