Crypto news
Binance’s influence is undeniable as the exchange boasts a staggering total of over 128 million users worldwide. Binance, the world’s largest crypto exchange, has defied all expectations by maintaining its position as the dominant player in China, even in the face of a crypto ban imposed by the country in 2021. A recent report from…
The LTC price comes under pressure just hours before the Litecoin halving event ahead on Wednesday. Later today on Wednesday, August 2, the Litecoin blockchain network shall undergo the much-awaited halving event and the third such event in its 12 years of history. During a Twitter live stream last week, Litecoin creator Charlie Lee explained…
On Tuesday, Uber released its Q2 2023 earnings report, posting a profit for the first time in its history. For the quarter that ended on June 30, Uber reported $9.2 billion in revenue, which is 14.3% higher compared to last year. Uber Technologies Inc (NYSE: UBER) has reportedly started developing an AI-powered chatbot that will…
Before releasing the latest ratings, Fitch had initially warned about a possible downgrade during US debt ceiling negotiations a few months ago. Fitch Ratings, one of the major credit rating agencies, downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on August 1. The move comes amid concerns over expected…
Bitcoin price moved from $28.6k to around $30k on Tuesday but stabilized around $29.6k during the early Asian trading hours on Wednesday. The cryptocurrency market had mixed reactions following experts’ opinion of a possible black swan event in the DeFi lending industry triggered by the Curve finance and AAVE fiasco. Notably, the 300 million CRV…
The CoinShares CEO said there was a significant involvement of TradFi institutions in the crypto industry. Digital asset manager CoinShares recorded a spike in its Q2 2023 revenue, contributing to its strongest quarter since the beginning of 2022. According to the CoinShares Q2 2023 report, the total quarterly revenue increased 33% from £14.9 million in…
Bitcoin’s volatility is at a 5-year low with K33 research analyst predicting that the period of low volatility could be ending soon amid pure structural squeezes. The world’s largest cryptocurrency Bitcoin (BTC) has been hovering around $29,000 over the past few weeks with almost little to no movements. As per crypto research firm K33, the…
With 34 tokens, Binance will offer more coins than any exchange operating in Japan. Leading cryptocurrency exchange Binance has unveiled its plan to re-enter the Japanese market. The announcement comes after Binance noted in July that it was making a comeback in Japan. Binance pulled out of Japan in 2018 after the country’s financial regulator…
Meta is considering automated checks on the chatbots’ outputs to ensure accuracy and compliance with platform rules. Meta Platforms, the parent company of Facebook and Instagram, is set to unveil a new range of artificial intelligence (AI) chatbots with distinct personalities as early as September. According to reports from the Financial Times, citing people familiar…
Collections submitted for verification by Salsal end up with a proven factual history of the owners and receive an immutable, permanent record of ownership transfer. Researchers have come up with a blockchain solution to confirm the authenticity of cultural artifacts. Dr. Adel Khelifi, an associate professor at Abu Dhabi University, and Dr. Mark Altaweel, a…
The Ordinals team, led by creator Casey Rodarmor, has introduced the “Open Ordinals Institute,” a non-profit organization aimed at advancing the Bitcoin Ordinals protocol and its reference implementation, Ord. The Open Ordinals Institute will financially support Ordinals core developers, including the newly appointed lead maintainer, Raph, fostering an open-source contributor environment for sustained growth and…
Simultaneously, Binance has introduced CyberConnect (CYBER) as the 37th project on Binance Launchpool. Binance, the world’s biggest crypto exchange has announced the debut of Sei (SEI), a cutting-edge layer 1 blockchain designed for the exchange of digital assets, as the 36th project on Binance Launchpool. Binance and the Sei Support Binance highlighted in an official…
Nomura’s move to launch virtual assets and brokerage services in Dubai is well-timed. It comes amid a growing interest and demand for digital assets among institutional and retail investors worldwide. Nomura, one of the largest financial services groups in Asia, announced on Monday that it has obtained a full license from Dubai’s Virtual Asset Regulatory…
Uber reported record profits and milestones in the second quarter of 2023, with significant improvements in earnings per share, operating income, and EBITDA, as well as a substantial increase in trips and food delivery orders. On August 1st, the shares of Uber Technologies Inc (NYSE: UBER) fell by more than 5.5% after the publication of the…
Meanwhile, Google is not alone in its pursuit of enhancing AI-powered virtual assistants. Google is gearing up for a significant upgrade to its virtual personal assistant, Google Assistant, designed to help users perform simple tasks on their smartphones. The company plans to upgrade the product using advanced generative AI technology to improve its capabilities. According…
The implications of this judgment are significant for both Terraform and the broader ecosystem. Terraform Labs, and its founder, Do Kwon, are facing a major setback as US District Judge Jed Rakoff has reportedly ruled against their motion to dismiss fraud allegations brought forth by the US Securities and Exchange Commission (SEC). SEC Allegations against…
Using Liquidity Strength as a key metric, the expert provided a detailed breakdown of her calculations before coming to her prediction. Wells Fargo Treasury manager Shannon Thorp predicts that XRP will hit between $100 and $500 over the coming four to seven months. This comes following Ripple Labs’ victory over the United States Securities and…
BTC Inc., the leading provider in Bitcoin-related news and events, has announced that Marathon Digital Holdings, Inc. (NASDAQ:MARA), a prominent player in bolstering and securing the Bitcoin ecosystem, has inked a continued sponsorship deal, reaffirming its status as the main sponsor of The Bitcoin Conference for the next four years. The partnership entails Marathon’s prominent…
The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin Market Dynamics The goal of this article is to zoom out and highlight some…
Officially out of beta, Bitcoin Magazine is excited to make public its new over-the-counter service, Rare B.TC, which enables users to buy and sell rare sats – bitcoins that have a history or provenance that makes them more valuable to collectors – as well as rare inscriptions. Today, finding rare bitcoins can be difficult. There’s a patchwork…
Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced the opening of three new data centers in South Carolina’s Western region. This expansion is part of the company’s strategy to establish a stronger presence within the United States, as currently, GDA accounts for 2% of the total hash rate of…
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. On Tuesday, August 1, oil giant British Petroleum (LON: BP) reported a 70% drop in profits for Q2 2023 on the backdrop of weaker fossil fuel prices. BP in Q2 2023 BP, the…
This is an opinion editorial by Moon, a Bitcoin Maximalist, writer and practitioner of capoeira. Capoeira, often superficially described as “dance-fighting,” is a self-defense style that arose organically out of the forced melding of cultures between different African peoples enslaved in Brazil in 18th and 19th centuries (though its history is likely older than this)….
The news of a possible FTX reboot resulted in a 10% spike in FTX’s FTT token to reach a high of $1.59. Defunct cryptocurrency exchange FTX is looking to reorganize and continue services for customers outside the United States. FTX Group filed a draft creditor repayment plan on Monday that in addition to restarting the…
According to the Worldcoin team, the project was fully compliant with European data rules and was supervised by the Bavarian State Office for Data Protection Supervision. Last week, OpenAI CEO Sam Altman announced the launch of Worldcoin (WLD) – a crypto project that aims to establish universal access to the global economy regardless of country…
The Digital Currency Group has hinted that they could be making creditor payments for Genesis Global soon and plan to resolve all the claims. Crypto giant Digital Currency Group (DCG) has recently given its second-quarter financial update telling shareholders that they are pretty close to resolving the claims in the Chapter 11 bankruptcy case involving…
Mash, a Lightning-enabled micropayments project focused on content monetization, has announced their Lightning Bitcoin Wallet is entering Beta and available for download now. In order to bypass potential app store censorship – a precedent set with Apple’s App Store and Nostr client Damus – Mash has enabled download of their progressive web-app straight from your…
Meta has encountered a slew of setbacks in the past year, casting doubt on its future prospects. In a stunning display of market resilience and investor confidence, Meta Platforms Inc (NASDAQ: META) has achieved a remarkable feat, climbing 11% in July and securing its ninth straight month of gains. This incredible run represents Meta’s longest…
Tether also announced a share buyback of about $115 million with its risk management strategy showing consolidated assets exceed liabilities. Tether Limited Inc, a sister crypto company to Bitfinex digital asset exchange owned by iFinex Inc, announced its Q2 2023 financial results on July 31. According to the company’s financial results compiled by BDO accounting…
While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. For the month of July 2023, the Eurozone has delivered a robust set of GDP numbers beyond market expectations. The new growth numbers show economic activity picking…
The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Inc (NASDAQ: SOFI), one of the leading fintech companies in the US, has released its Q2 2023 financial earnings report, beating expectations and impressing investors with its growth trajectory. According to an official press release on July 31, the company reported a…
eToro planned to go public in 2022. However, a market downturn in equity and crypto prices forced the company to abandon its IPO plans. Popular trading platform eToro has offered $120 million worth of its stocks to existing investors in a secondary share sale. The deal, announced by the company on Friday, slightly lowered its…
Lamborghini’s success in recent years can be largely attributed to the strong performance of its Urus SUV, which has played a pivotal role in the Italian automaker’s expansion. Luxury sports car manufacturer Lamborghini is gearing ready for a spectacular year ahead with respect to its projected sales. With its sights set on breaking records, the…
While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges. The Bank of Korea (BoK) is making headway in its quest to develop and test its central bank digital currency (CBDC). According to a new report from the country’s local news outlet, the bank has selected…
Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. The memecoin industry has been used by most crypto traders to fetch higher gains in a bid to accumulate Bitcoins, which is not only expensive to mine but also acquire. Moreover,…
Amid the euphoria of a robust first quarter, Panasonic has decided to maintain its full-year profit predictions. Japanese electronics giant, Panasonic Holdings Corp (TYO: 6752) renowned for its diverse product portfolio has recently reported a stellar Q1 profit performance. According to reports, the company’s operating profit came in at an impressive 90.37 billion yen ($637…
Ethereum has achieved a significant feat of $400 billion in secured value, generating annualized profits of $3.6 billion and a total of 17.8 million blocks of digital assets. In the fast-paced world of blockchain and cryptocurrencies, few projects have made a lasting impact, like Ethereum. On July 30, 2023, the crypto community celebrated the eighth…
Upbit noted that CRV has experienced increased volatility. South Korean exchange Upbit has halted trading of the Curve Finance (CRV) token after the project suffered a major exploit over the weekend. According to an Upbit announcement, the exchange temporarily halted CRV deposits and withdrawals to safeguard all transactions and protect users from potential losses. How…
Bitcoin is a geographic chameleon. And, as such, this “magic internet money” that lives on a decentralized, permissionless system is changing the world right in front of us. One of Bitcoin’s many superpowers is that it takes on different aliases in various cultural environments. For many comparatively-wealthy North Americans, views on Bitcoin range from an…
With this license, Binance can now offer approved virtual asset services, further solidifying its reputation as a responsible player in the crypto market. Binance has become the world’s first exchange to secure an operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This milestone grants Binance the privilege to provide exchange…
With Web 3.0 node engine service, Huawei Cloud can revolutionize the decentralized application (DApp) industry. Huawei Cloud, a cloud infrastructure and service provider developed by Huawei Technologies Co., Ltd., has introduced its Web 3.0 node engine service (NES) for public testing. The service aims to simplify blockchain network management, resource management, and authentication, while also providing developers…
Gensler has consistently stated that most cryptocurrencies, except Bitcoin, should be treated as securities. Leading American cryptocurrency exchange, Coinbase is entangled in a regulatory showdown with the US Securities and Exchange Commission (SEC) over its trading practices. According to an interview with the Financial Times, Coinbase CEO Brian Armstrong said the SEC requested the exchange to…
The rapper has not created any posts yet. According to those familiar with the matter, the account was restored only after Ye assured that he won’t post antisemitic content or hateful language. Social media platform X, formerly known as Twitter Inc, has restored the account of Kanye West after banning him from using the platform last…
Galaxy Digital’s Mike Novogratz recommends strong exposure to Bitcoin, Ether, gold, silver, etc. for investors with high risk tolerance. Wall Street veteran and Galaxy Digital founder Mike Novogratz recently shared his views on what an ideal investment portfolio for young and high-risk tolerance people would see. During his recent interview with Bloomberg Wealth, Novogratz added…
The copycat attacks on the BSC were attributed to a malfunctioning reentrancy lock in certain versions of the Vyper programming language. In a recent development, BNB Smart Chain (BSC), a popular rival to the Ethereum (ETH) network has experienced a series of copycat attacks that resulted in the theft of approximately $73,000 worth of crypto….
As per the preliminary audits, the estimated losses are already north of $42 million with assets worth $100 million under risk. Curve Finance, the Ethereum-based second-largest decentralized exchange (DEX) after Uniswap, suffered a major exploit on Sunday, July 30. The exploit happened typically due to a vulnerability in its programing language Vyper. Due to the…
This is an opinion editorial by Sydney Bright, a software developer with a master’s degree in biomedical engineering. Bitcoin is not merely a medium of exchange. That is not to say that bitcoin is not money. Bitcoin is undoubtedly money. However, to think it is merely a technological innovation that transcends the archaic systems of…
The article below is from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Disinflation And Monetary Policy As we delve deeper into 2023, the U.S. economy finds itself at a…
As per the UK Office for National Statistics, the UK unemployment rate was estimated at 4.0% for the second quarter of this year, which is 0.2% higher than the previous quarter. The job market in the UK is suffering a sharp decline. The experts believe the crisis has been caused not only by the general…
The prospective Phoenix Technology IPO is expected sometime this year in Abu Dhabi. However, there are no further details on size and price. Crypto mining equipment retailer Phoenix Technology is considering an initial public offering (IPO) according to reports. On Friday, Bloomberg reported that the company is already in preliminary discussions, citing people familiar with the matter….