Crypto

Coinbase, the leading U.S. crypto exchange, experienced a significant growth in revenue during the first quarter of 2024, reaching a total of $1.6 billion. This marks a 72% increase compared to the previous quarter, showcasing the company’s ability to capitalize on the bullish crypto market. The net income for Coinbase also saw a substantial increase,

Financial technology giant Block, led by X co-founder Jack Dorsey, has made a groundbreaking decision to allocate 10% of its profits from bitcoin-related products into monthly BTC purchases. In a recent Q1 2024 earnings report, Dorsey explained the rationale behind this strategic move, emphasizing the significance of bitcoin as the ideal decentralized open protocol for

Despite the recent correction in the cryptocurrency market leading to multi-month low prices for major assets like Bitcoin and Ethereum, XRP has shown remarkable resilience. While other tokens saw significant drops, XRP only briefly dipped below $0.50 before bouncing back, currently up 3% on a two-week scale according to CoinGecko’s data. Analysts are optimistic about

Bitcoin’s recent price movements have been nothing short of a rollercoaster ride for investors. After a promising start to the week with a pump to almost $65,000, the cryptocurrency faced a series of steep declines that saw its price drop below $60,000. This correction culminated in a two-month low of $56,500 before bouncing back following

MicroStrategy recently introduced a new Bitcoin-based strategy at their annual conference, aimed at combatting online spam. The strategy, known as “MicroStrategy Orange,” is an open-source decentralized identity solution built on Bitcoin. While this new technology has the potential to revolutionize the way we verify authenticity in online communication, some Bitcoin enthusiasts remain skeptical about its

The current state of the crypto market has been heavily influenced by the rise of meme coins and the excitement surrounding spot Bitcoin ETFs. Economist and trader Alex Krüger pointed out the dominance of meme coins in the market cycle, with many of them experiencing significant gains followed by drastic falls. Despite the volatility, meme

Meme coins, a subset of cryptocurrencies that have gained popularity through internet memes and social media, have recently experienced a significant downturn in the market. The total market capitalization of meme coins has dropped below $50 billion, with many of the top assets, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK), seeing

The cryptocurrency market has experienced a significant downturn in recent weeks, with prices plummeting across the board. Bitcoin, in particular, has seen its price drop below $57,000, marking a drastic decline since late February. Other popular altcoins like Solana, Dogecoin, and Shiba Inu have also suffered double-digit losses, painting a grim picture for investors. Despite

The cryptocurrency market has been experiencing dire conditions as bitcoin recently plummeted to another multi-month low of around $57,000. This drop has led to massive losses across the board, with altcoins also following suit. In the past 36 hours, the total market cap has seen a significant decrease of well over $200 billion. The volatile

Ripple recently made headlines with the announcement of a new partnership with HashKey Group, a move that strengthens its existing collaboration with financial services giant SBI Group. This joint venture with HashKey DX, a specialized consulting company based in Tokyo, is focused on introducing XRP Ledger (XRPL) enterprise solutions to the Japanese market. The aim

A recent griefing attack on the Bitcoin testnet resulted in a surge of network activity, with over 165,000 blocks being generated in just one week. The attacker, Jameson Lopp, who is the co-founder and Chief Security Officer of Casa, openly claimed responsibility for the incident, sparking controversy within the Bitcoin community. Justification of the Attack

The recent price drop of Bitcoin, more than 15% down from its mid-March peak, has brought the cryptocurrency to a ten-day low of under $62,000 on Monday morning. Analysts from ‘Stockmoney Lizards’ noted that the halving has passed, yet Bitcoin continues to show a trend of red candles, signaling a correction phase. They predict a

Following the recent halving event, Bitcoin saw a drop in price to $62,500, causing concern among investors. Despite this dip, analysts are predicting a potential rally in the near future. This optimism is fueled by the increasing involvement of financial institutions in the crypto market and historical trends that suggest a resurgence after halving events.

The recent CryptoQuant report has shown a significant drop in the portion of Bitcoin miner revenue generated from transaction fees. After reaching a peak of 75% on April 19, transaction fees now only account for 35% of total miner revenue. This decline comes after the most recent halving event, which saw miner block rewards cut

Upbit, a prominent cryptocurrency platform in South Korea, has been at the center of attention due to its significant role in the country’s trading activities. With over 80% of South Korea’s trading volume, Upbit has established itself as one of the top five exchanges globally. However, recent developments in cryptocurrency regulations in South Korea have

Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets in the past year compared to the previous bull market cycle. A recent survey conducted by accounting firm KPMG shed light on this growing trend among institutional investors. The consulting group’s bi-annual survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants,

In recent times, the meme coin sector has seen significant growth, with popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the pack. Newer tokens such as dogwifhat (WIF) and Pepe (PEPE) are also gaining traction within the community. This surge in popularity has caused the overall market capitalization of meme coins to exceed

The Bitcoin network recently achieved a significant milestone with its daily transactions hitting a record high of 927,000. This surpasses the previous record of 724,000 set back in December 2023, showcasing the increasing adoption and utility of cryptocurrencies. The introduction of Runes, a new token standard on the Bitcoin blockchain, played a pivotal role in

Jabara Igbara, better known as Jay Mazini on Instagram, has recently made headlines for all the wrong reasons. Once boasting about being a crypto millionaire on social media, Igbara has now been sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence comes as a result of wire fraud and money

Bitcoin (BTC) has experienced significant pullbacks since the bear market in 2022, with losses of up to 23% at times. Recognizing the depth of these declines can be crucial for investors looking to maximize their returns. Rebounds from these drops often result in substantial gains, making it essential to pay attention to the market movements.

The cryptocurrency market is witnessing a surge in meme coins such as Bonk Inu, dogwifhat, and others. These meme coins are gaining popularity and experiencing significant price increases. While leading meme coins like Dogecoin and Shiba Inu are showing more modest gains, newer entrants are grabbing the spotlight with daily price spikes. In recent trading

Block Inc., led by Jack Dorsey, has recently announced a groundbreaking development in the world of Bitcoin mining. The company has successfully completed the design of its three nanometre (3nm) Bitcoin mining chip, which is set to revolutionize the mining industry. This achievement marks a significant milestone for Block Inc.’s mining project and signals a

Venezuela’s state-owned oil and gas company, PDVSA, is reportedly looking to accelerate its use of cryptocurrency, particularly USDT, the largest stablecoin by market capitalization. The company started integrating USDT for oil sales in 2023 and has now implemented a new policy requiring new customers to have a digital wallet holding cryptocurrency. This move comes in

The recent Bitcoin halving event on April 20 has significantly impacted miners’ profitability. The reduction in block rewards from 6.25 BTC to 3.125 BTC has forced miners to find alternative ways to remain profitable in the current market environment. With the decrease in daily asset production, miners are now relying more on transaction fees and

As the crypto markets display signs of recovery over the weekend, the focus shifts towards a busy economic calendar in the United States. The Federal Reserve’s key inflation metric takes the spotlight this week, potentially influencing monetary policy moving forward. The impact of this metric on market sentiment cannot be understated. New Home Sales Figures

The recent Bitcoin halving event has caused a significant reduction in miners’ block rewards, leading to a decrease in the daily issuance of BTC. This reduction is expected to result in a price rally for the cryptocurrency market. While the focus is primarily on Bitcoin, there is also speculation about how meme coins, such as

The NFT trading space experienced a significant surge in volumes during the first quarter of 2024, reaching a total of $4.7 billion across the top 10 marketplaces. Leading the pack was Blur, which boasted $1.5 billion in volume and a 27.6% market share. However, Magic Eden emerged as a major competitor, surpassing Blur in March