Crypto news
The OPNX exchange would own approximately 75 percent of the Hodlnaut exchange if the deal is approved by the court. Distressed crypto holders who had their assets trapped in Singapore-based bankrupt firm Hodlnaut could soon have relief if the judicial system approves a bid to acquire the assets. According to a recent report by Bloomberg,…
This is an opinion editorial by Bitcoms, a Bitcoin-focused writer and certified accountant. With mainstream financial management titans such as BlackRock, Fidelity and Vanguard all legitimizing BTC as a financial asset via their interest in offering related products to clients, the “big money” worldwide may well be poised to increase its exposure to bitcoin. These…
Introduction An exchange-traded fund (ETF) is a type of investment that tracks a specific asset or commodity, in this case, bitcoin. ETFs can be bought and sold on stock exchanges and brokerage accounts, with the custody of the underlying asset being held by the manager of the ETF. This allows for investors to get price…
Philcoin is an exciting project seeking to make real, palpable, and positive changes in the world. Its philanthropic mission is multi-purpose oriented and aims to help as many people in need as possible. Philcoin is a blockchain-based ecosystem focusing on improving the world through peer-to-peer philanthropy. We are looking at a unique project promoting the…
The Bitcoin Amsterdam Conference is thrilled to welcome renowned whistleblower and cybersecurity expert, Edward Snowden, to its landmark event, where he will share his insights on the intersection of digital currency, privacy, and the future of financial freedom during a 45 minute long online talk with a Q&A session. The event will take place in Westergas,…
Nikola’s second-quarter results not only revealed insights into its financial situation but also demonstrated the company’s aggressive measures to strengthen its financial base. Electric truck manufacturer Nikola Corp (NASDAQ: NKLA) has announced the immediate departure of its CEO, Michael Lohscheller, alongside the release of its second-quarter financial report. A New Chapter Begins for Nikola Lohscheller’s…
Elon Musk aims to make the X platform “the biggest financial institution in the world”. Therefore, his focus now is on integrating financial services inside the X app. Elon Musk is reportedly looking for a financial data company to partner with X social media platform, formerly known as Twitter, and create a stock trading service…
Despite the fact that Brave has announced its image and video search options, the feature is still being improved. Brave Search, the privacy-focused search engine, has announced the launch of its own image and video search features. Consequently, users will now be served image and video search results directly from the search engine’s index. According…
From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies. UK-based fintech Revolut has announced it is terminating all crypto services in the United States. Revolut has decided to abandon crypto in the US because of the regulatory uncertainty in the country’s crypto…
One of the standout aspects of Block’s financial report is its strategic approach to Bitcoin investments. American multinational financial technology company Block Inc (NYSE: SQ) has reported a staggering 34% increase in Bitcoin (BTC) sales on its Cash App platform, resulting in a remarkable $2.4 billion in the second quarter. The company stated in its…
Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company. Robinhood Markets Inc (NASDAQ: HOOD) shares closed Thursday trading at $11.54, down 7.23 percent from the day’s opening price. The sudden drop in HOOD shares happened after Google-parent company Alphabet Inc (NASDAQ: GOOGL)…
Coinbase is now full of confidence as they approach the court and inch closer to a final ruling. The ongoing US Securities and Exchange Commission’s (SEC) lawsuit against Coinbase may be about to take a new turn. This follows after the defendant – Coinbase – confirmed that it will be filing an order to the same…
This is an opinion editorial by Win Ko Ko Aung, a McCourt Scholar for Georgetown University’s Data Science for Public Policy program and a survivor of Myanmar’s 2021 military coup. The Biden administration responded to the 2021 military coup in Myanmar (also known as Burma) with rapid implementation of economic sanctions, a significant measure that…
Securing this license would mean that TikTok would be directly competing with big e-commerce companies like Shopee and Lazada in Southeast Asia. Short video platform TikTok’s parent company ByteDance is recently in the early stages of discussions in order to secure a payment license in Indonesia. This shall further help TikTok to bolster its e-commerce…
Amid muted global macroeconomic growth and mounting pressure from higher interest rates, Maersk revised its profit forecast for the whole year. AP Moeller Maersk, a significant player in the container shipping industry, is bracing for a challenging year ahead as global economic growth remains subdued and container rates continue to face headwinds. The company reported…
While Polygon Zero is claiming the code was used without the original copyrights or clear attribution to the original authors, Matter Labs stated that the code was “prominently attributed” in a line atop one of the files in question. Polygon and Matter Labs continue their competition on building zero-knowledge rollups. Polygon’s unit Polygon Zero, which is standing behind a layer…
Although there’s no official word on the cost of acquisition, reports suggest that Tesla must have paid anywhere between $50 million to $100 million. As electric-vehicle giant Tesla Inc (NASDAQ: TSLA) pushes further in building its wireless charging tech, the company announced an acquisition of Germany-based wireless charging startup Wiferion. The news about the acquisition…
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries. Amazon Inc has published Q2 results for 2023 with figures that beat analysts’ estimates, showing the company is on course to accelerate growth. Amazon reported earnings per share at 65 cents, well over the 35 cents expected…
Bloomberg’s ETF analyst believes that ProShares’ multiple Ether-based ETF applications within a short period may indicate a favorable stance from the SEC. The race for cryptocurrency exchange-traded funds (ETFs) is heating up, as ProShares, a leading global asset manager, recently filed applications with the US Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs)…
Coinbase told shareholders that it is working towards improving its adjusted EBITDA in absolute dollar terms versus full-year 2022 as it navigates the uncertainty of regulatory scrutiny. Coinbase Global Inc (NASDAQ: COIN) reported its Q2 2023 financial results on August 3, 2023, which beat Wall Street’s expectations. According to the announcement, the company reported a…
Veteran Bitcoin Magazine reporter and Bitcoin Magazine Print Lead Mark Goodwin has been named Bitcoin Magazine’s newest Editor in Chief. Joining the Bitcoin Magazine team in 2021 as an opinion columnist and contributor, Goodwin has been instrumental in charting editorial decisions for Bitcoin Magazine’s quarterly Print magazine, relaunched in 2021, and which today reaches thousands…
The Worldcoin Foundation said it will use the pause to develop an onboarding program with more robust crowd control measures. The Worldcoin Foundation has temporarily suspended its verification services in Kenya. This information was contained in a statement sent to Coinspeaker. According to the statement, the Foundation is pausing the personhood verification as a precautionary…
Despite investor disappointment, CEO Dan Schulman is confident that Q2 2023 shows that PayPal is on the right path to growth. Online payments company PayPal Holdings Inc (NASDAQ: PYPL) has released its Q2 2023 report showing figures that disappointed investors. The company’s shares fell 7% in response to the figures. PayPal reported its adjusted operating margin for Q2 2023…
Nintendo’s flagship Switch games console series remains a dominant force in the gaming industry. Nintendo Co Ltd (TYO: 7974), the legendary Japanese gaming company has once again proven its prowess by reporting a significant surge in revenue and operating profit for the June quarter. This incredible achievement can be ascribed to the popularity of both…
Shiba Inu is gearing up for the mainnet launch of Shibarium scheduled ahead of this month at the upcoming Blockchain Futuristic Conference. Shiba Inu has become more than just a memecoin with developers working on several interesting projects aimed at expanding the Shiba Inu ecosystem. In order to further strengthen trust among SHIB users and…
TASE’s strategic partnership with Fireblocks comes as the result of a broader vision set forth by the stock exchange. The Tel Aviv Stock Exchange (TASE) has unveiled a significant infrastructure partnership with Fireblocks, a leading platform for secure digital asset management. This collaboration, announced earlier this week underscores TASE’s commitment to embracing the digital revolution…
Tether, the company behind the world’s most popular stablecoin USDT, acquired 1,529 bitcoin in the second quarter of 2023. Paolo Ardoino, the company’s CTO, confirmed the purchase to Bitcoin Magazine. According to the executive, Tether paid roughly $45.4 million to add the BTC to its balance sheet. The purchase confirms the company is following the…
The move follows Meta’s release of its own open-sourced LLM, Llama 2, in July Alibaba Cloud, the cloud computing arm of the Chinese tech giant Alibaba Group, has introduced two open-sourced artificial intelligence (AI) language models named Gwen-7B and Gwen-7B-Chat. With each model boasting up to 7 billion parameters, the company has become the first…
While Hawaii and California are the most expensive, doxo also found that West Virginia and Mississippi are the least costliest US states. All-in-one bill payment service doxo has released a report ranking the most and least expensive states in the US. The report includes details of average household bills in individual US states. According to…
This is an opinion editorial by BitcoinActuary, an actuary based in the U.K. I’ve recently returned from spending a long weekend with around 200,000 others at one of the loves of my life, Glastonbury Festival. The 2023 version of this annual music festival was peppered with sets from big name acts — Elton John, Guns…
The attorneys claimed that FTX Dubai has a solvent balance sheet. Troubled crypto exchange FTX plans to remove its Dubai subsidiary from ongoing bankruptcy proceedings in the United States, Coindesk reported on Thursday, citing a recent court filing on August 3. When the exchange filed for bankruptcy last year, it initiated Chapter 11 cases for 102…
Despite China’s strict ban on cryptocurrency transactions, Hong Kong has taken a different approach, welcoming cryptocurrency firms and even encouraging banks to work with them. The HashKey exchange has made history as the first company in Hong Kong to secure a license under the new regulatory framework that enables crypto trading platforms to cater to…
In reaction to the Fitch Ratings downgrade, the JPMorgan CEO said that “it doesn’t really matter that much.” JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has reacted to the Fitch Ratings downgrade of the United States’ long-term credit rating. Credit rating agency Fitch Ratings recently downgraded the US long-term foreign-currency issuer default rating from AAA to AA+….
Space and Time’s Proof of SQL aims to inject a new layer of credibility into the data sources used for training LLMs. In an era where decentralized technologies are reshaping industries and empowering innovation, Space and Time, a Web 3.0 startup, has emerged as a pioneering force in the field of decentralized data solutions. Per…
BlockFi’s eligible creditors can expect to receive a comprehensive Solicitation Package containing all the essential information for voting on the plan. Beleaguered cryptocurrency lending company, BlockFi, has obtained conditional approval to proceed with its restructuring plan. On August 2, the United States Bankruptcy Court for the District of New Jersey partially approved the company’s disclosure…
Beeple went for one of the rarest punks in the collection. Mike Winkelmann, popularly known as Beeple, has bought his first-ever profile-picture (PFP) non-fungible token (NFT). Beeple is well-known in the NFT community. That is particularly because of his reputation as the creator of the second most expensive NFT ever sold. However, he “never actually…
Despite the revenue loss, Robinhood recorded a total net revenue of $468 million. While Robinhood (NASDAQ: HOOD) achieved profits in Q2 2023, the company recorded declines in its crypto revenue. The online trading platform released its second-quarter earnings results on August 2nd, noting its first time recording profits since going public in the quarter. Per…
Both companies recognize the potential of AI technologies and are actively seeking to harness them to boost their businesses. Rakuten Group has just entered into a strategic partnership with artificial intelligence (AI) firm OpenAI. By signing a memorandum of understanding with OpenAI, the Japanese company will be seeking to explore business opportunities that the partnership…
The move to go public comes amid growing interest in artificial intelligence chips, reflected in the increased market mood towards technologies linked to generative AI. British chip designer Arm Ltd, a subsidiary of the SoftBank Group Corp, is preparing to conduct an initial public offering (IPO) in the coming months. According to a Bloomberg report…
Ripple announced the recent ruling has pushed it to shift its approach to XRP market transparency, particularly on the escrow holdings. The recent ruling on SEC vs Ripple lawsuit has undeniably helped XRP gain in value and also traded volume. Following the ruling earlier last month, several centralized cryptocurrency exchanges including Coinbase Global Inc (NASDAQ:…
Binance explained that they even have refused to conduct business in the Asian due to China’s cryptocurrency ban. On August 2nd, The Wall Street Journal published a report indicating that current and former employees of Binance observed internal transactions confirming that Chinese users traded around $90 billion in cryptocurrencies on the exchange for a month….
BTC Inc. the leading provider of Bitcoin-related news and events, is thrilled to announce that Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon”), a leader in supporting and securing the Bitcoin ecosystem, has signed a continued sponsorship deal, solidifying its position as a main sponsor of The Bitcoin Conference for the next four years. The agreement includes…
Introduction As interest in bitcoin continues to grow, so does the demand for investment products that provide exposure to companies and funds alike. One such product that has gained significant attention is the Bitcoin Exchange-Traded Fund (ETF). What Is An ETF? ETFs are designed to track the performance of a particular index, commodity or asset…
The DOJ claims that Bankman-Fried’s actions amounted to witness tampering and obstruction of justice and that he should be remanded. Sam Bankman-Fried’s defense team has mounted a robust defense against the US Department of Justice’s (DOJ) motion to revoke the former FTX CEO’s bail bond. The defense’s 18-page petition to Judge Lewis A. Kaplan deconstructs…
AMD is gearing up for its AI progress and is pushing to launch its top-notch MI300 AI chips in the last quarter of the year. On Tuesday, August 1, Advanced Micro Devices Inc (NASDAQ: AMD) posted moderately better-than-expected results for the second quarter earnings. AMD reported non-GAAP earnings of 57 cents per share for the…
The initiative will be funded through the Inflation Reduction Act, which approved $80 billion over ten years for the IRS. The Internal Revenue Service (IRS) has announced that it will allow taxpayers to submit all their tax documents electronically for the 2024 tax season. Consequently, taxpayers will no longer need to mail or fax their…
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community. The crypto investment landscape is undergoing a seismic shift as six entities have rushed to file applications with the US Securities and Exchange Commission (SEC) for Ethereum (ETH) futures-based Exchange-Traded Funds (ETFs). The Rise of Ethereum ETFs This whirlwind of activity…
This is an opinion editorial by Robert Hall, a content creator and small business owner. The United States has two major political parties: the Democratic Party and the Republican Party. These parties are basically diametrically opposed to the other. As of late, both sides have drifted to the extreme edges of the political spectrum to…
While Coinbase is still planning to leverage the Bitcoin Lightning Network, the company’s rival Binance already completed the integration of the L2 network last month. American-based cryptocurrency exchange Coinbase plans to explore the possibility of integrating the Bitcoin Lightning Network into its platform. The move is part of a broader plan to expand digital asset…
MicroStrategy, under the leadership of Chairman Michael Saylor, has shown continued interest in the flagship cryptocurrency. Software developer MicroStrategy has revealed its plan to increase its Bitcoin (BTC) stack. According to a Tuesday filing with the US Securities and Exchange Commission (SEC), the firm’s action plan includes raising at least $750 million by selling more…