Marathon Digital, a major player in the U.S.-based Bitcoin mining industry, recently released its quarterly earnings report, surpassing analyst expectations by a significant margin. Despite this positive outcome, the company’s stock price experienced a temporary dip following the announcement. The market reaction, however, is likely just a short-term fluctuation that does not accurately reflect Marathon
Crypto
MicroStrategy, a prominent business intelligence software company co-founded by Michael Saylor, has been making headlines in recent times due to its soaring stock price, outperforming major US stock market indexes. The company’s strategic move to heavily invest in Bitcoin has played a crucial role in its unprecedented success in the market. As of the two-month
In the year 2024, the cryptocurrency market has witnessed a significant surge in the performance of AI-related coins. These coins have shown remarkable growth, with a combined returns increase of 76% since the beginning of the year. The Artificial Intelligence (AI) coins market saw a 7% rise today alone, pushing the total market cap to
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has reached a settlement with New York regulators to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program. The agreement also includes a $40 million contribution to Genesis Global Capital’s bankruptcy proceedings and a $37 million fine to the New
Ripple recently announced a partnership with the Axelar Foundation to enhance interoperability within the XRP Ledger (XRPL) blockchain. The collaboration aims to focus on advancing the tokenization of real-world assets (RWAs) while strengthening the DeFi ecosystem on layer 1. By integrating the Axelar network with the XRPL, developers will have access to the platform’s native
In recent times, the price of Bitcoin has shown a remarkable surge, reaching levels above $56,000. This significant milestone has left many in the cryptocurrency community excited and hopeful for even greater heights. Predictions are now circulating, suggesting that Bitcoin could push even further to reach new all-time highs. Renowned figures in the industry, such
As the price of Shiba Inu has been underperforming recently, there have been significant indicators pointing towards a potential rally. One of the key factors is the substantial increase in daily active addresses for SHIB, which have surpassed 3,500, representing a 13% surge. This surge indicates a growing interest in the asset and suggests a
The recent network outage that plagued Solana for five hours caused a significant hit to investor confidence in the platform. This outage was a result of a bug that caused transactions to enter an infinite loop, ultimately affecting the network’s functionality. Despite the steady inflows Solana-based investment products had been experiencing throughout the year, this
The rise of Bitcoin ETFs has caught the attention of analysts, with Bloomberg predicting that Bitcoin ETFs could potentially become larger investment vehicles than gold ETFs in as little as under 24 months. According to Bloomberg ETF analyst Eric Balchunas, Bitcoin ETFs have seen an influx of over $5 billion in inflows following their launch,
In recent times, Ethereum has witnessed a remarkable surge, surpassing key resistance levels like $2.8K and breaking through the significant milestone of $3K. This upward momentum indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer examination of
The price of Ethereum (ETH) has recently seen a significant spike, reaching over $3,100, which is close to a two-year high. This surge in price comes at a time when many other leading cryptocurrencies like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are showing little to no volatility, and in some cases, even minor losses.
The recent surge in Bitcoin’s price, reaching over $50,000 from under $20,000 since June 2023, has been attributed to the approval of several spot Bitcoin ETFs in the United States. While institutional investors have shown interest and made significant purchases, retail traders have been notably absent from the market. This absence raises the question of
Binance, one of the leading cryptocurrency exchanges, recently reached a $4.3 billion settlement deal after being accused of violating anti-money laundering and sanctions laws. The guilty plea from the exchange, as well as its founder Changpeng Zhao, also known as CZ, marks a significant development in the case. The U.S. Department of Justice had been
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a hot topic in the cryptocurrency industry for several years now. It all started in December 2020 when the SEC accused Ripple of conducting an unregistered securities offering by selling XRP tokens worth over $1.3 billion. Ripple, on the other hand,