Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has recently announced a groundbreaking decision to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. In a Q1 2024 earnings report, Dorsey articulated the rationale behind this move, addressing shareholders’ concerns about the company’s heavy focus on the largest cryptocurrency.
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The recent guilty plea of Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, has shed light on the dark side of the cryptocurrency world. Vinnik pled guilty to charges of money laundering conspiracy in the US, revealing the extent of illegal activities that took place on the platform. BTC-e, once one of
Amidst a general market downturn in the world of cryptocurrency, XRP has demonstrated an impressive level of resilience. While other digital assets such as Bitcoin and Ethereum experienced multi-month low prices, XRP managed to hold its ground, even showing a 3% increase on a two-week scale according to CoinGecko’s data. This has led many analysts
Bitcoin has been on a rollercoaster ride over the past week, starting with a promising pump to nearly $65,000 on Monday morning. However, the bears quickly took control, sending the price south to $62,000 and then further downward to below $60,000. The correction hit a low of $56,500 on Wednesday ahead of the US Federal
The Bitcoin price has shown a strong rebound after facing bearish pressure for most of the past week. With a drop below $60,000 on May 1, many investors were worried about the future of the premier cryptocurrency. However, on May 3, Bitcoin managed to climb back above the $60,000 mark and even hit $63,000 in
The recent slump in Bitcoin post-Halving has had a significant impact on meme coin traders, particularly those involved in the Solana market. This has led to the emergence of a new token named Sad Hamster, which has seen a sudden surge in price overnight. The Sad Hamster meme has gained viral popularity in the Solana
Eigenlayer, a prominent project in the Ethereum Restaking space, is gearing up to launch its airdrop for collection on May 10th. The token $EIGEN will be swiftly listed on BingX Exchange, allowing users to engage in trading activities right away. This development is poised to make waves in the crypto community. Eigenlayer distinguishes itself as
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. Waters praised Johnson’s expertise in financial regulation and her dedication to maintaining the integrity of financial
The recent drop in Bitcoin’s price below the critical $59,000 support level has stirred up concerns within the cryptocurrency market. This downward movement has led to liquidations in the futures markets, indicating a potential for further decline if a market capitulation occurs. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions
MicroStrategy recently unveiled a new Bitcoin-based strategy called “MicroStrategy Orange” during their annual MicroStrategy World conference. This strategy aims to combat online spam through an open-source decentralized identity solution built on Bitcoin. While the company’s executive chairman, Michael Saylor, describes it as an “enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs),” there has been skepticism
The recent Town Hall meeting at Otherside brought forth a groundbreaking announcement – a partnership between Yuga Labs and Improbable. This collaboration entails migrating Otherside onto Improbable’s MSquared network, a move that has stirred excitement within the community. Otherside is not just any metaverse; it is a shared virtual space that offers unique experiences, allowing
Telegaon, a crypto prediction website, has recently provided insights into the potential future price of Cardano (ADA) reaching $45. This prediction represents a significant 8,900% price gain from its current price level, which undoubtedly catches the attention of ADA holders. The prediction was made in a blog post, outlining the factors that could contribute to
Coinbase recently reported a staggering $1.64 billion in revenues for the first quarter, surpassing the expected amount of $1.34 billion. This surge in revenue comes at a time when the crypto market is experiencing a robust Bitcoin rally, massively impacting industry players like Coinbase. The company’s earnings per share stood at $4.40, a significant improvement
The recent market-wide crash has pushed the Bitcoin price below $60,000, sparking concerns among investors and analysts. One such analyst, known as Norok, has identified $51,800 as the most critical support level for Bitcoin at the moment. This level, last seen in December 2023, is now being closely watched to determine the future trend of