Coinbase, the leading U.S. cryptocurrency exchange, recently disclosed its Q1 2024 earnings report, revealing a total revenue of $1.6 billion, indicating a significant 72% growth from the previous quarter. The surge in performance is primarily attributed to the escalating prices of crypto assets and the introduction of spot Bitcoin ETFs in the U.S., which subsequently
Financial technology giant Block, founded by Twitter co-founder Jack Dorsey, has announced a groundbreaking decision to invest 10% of its profits generated from bitcoin-related products into monthly purchases of the digital asset. Dorsey made this announcement during a Q1 2024 earnings report, where he detailed the rationale behind this strategic move and addressed concerns from
Despite the recent correction in the cryptocurrency market that saw prices of major digital assets plummet, XRP has displayed remarkable resilience. While Bitcoin and Ethereum saw multi-month low prices, XRP only briefly dropped below $0.50 before rebounding and currently stands 3% up on a two-week scale according to CoinGecko’s data. This resilience has caught the
The Bitcoin price has been on a rollercoaster ride recently, experiencing significant fluctuations in value. After falling below the $60,000 mark for the first time in almost two months on Wednesday, May 1, the price of BTC managed to bounce back above $60,000 just two days later. This sudden resurgence has left many investors questioning
In the recent days, Bitcoin has seen a significant surge in its price, jumping from under $59,000 to over $63,000. This recovery comes after a series of adverse trading events that led to a two-month low of $56,500. Despite the initial slump, Bitcoin managed to bounce back and reach a multi-day peak of $63,500. Currently,
Eigenlayer, a prominent project in Ethereum Restaking, is gearing up to kick off its airdrop distribution on May 10th. BingX Exchange has announced that it will list Eigenlayer’s token $EIGEN for trading immediately, creating a buzz in the crypto community. Eigenlayer has carved out a niche for itself as the largest Restaking project on Ethereum
The recent drop in the price of Bitcoin below the $59,000 support level has caused concern in the cryptocurrency market. This price decrease led to liquidations in futures markets, resulting in approximately $120 million in liquidated long positions, according to CryptoQuant. While this liquidation is significant, it does not indicate a widespread panic among investors.
Rep. Maxine Waters, a prominent member of the US House Committee on Financial Services, has put forth the nomination of Ms. Kristin Johnson for the role of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a letter to President Joe Biden, Waters emphasized Johnson’s extensive experience in financial regulation and her
Ever since Bitcoin’s post-halving slump, the Solana meme coin market has been in a state of confusion. However, amidst this turmoil, a new token named Sad Hamster has emerged as a beacon of hope for traders. With its viral meme status and impressive traction in the market, Sad Hamster has captured the imagination of retail
MicroStrategy recently unveiled its latest project at the annual MicroStrategy World conference – “MicroStrategy Orange.” This new platform is designed to combat online spam through the use of Bitcoin-based technology. Central to this solution is the implementation of Decentralized Digital Identifiers (DIDs) across various organizations. The platform’s standout feature is “Orange for Outlook,” which aims
