Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
In the letter, Coinbase confirmed that the total revenue was down 11% quarter-over-quarter and the revenue from transactions was $781 million, down 27% from Q1 2024.
In the Q2 results, the company has also introduced a new performance indicator dubbed “Bitcoin Yield” showing the percentage change over time in the ratio of the company’s Bitcoin holdings and its diluted outstanding shares.
Coinbase has strongly denied any legal violations. The company’s Chief Legal Officer Paul Grewal released an official statement on August 1.
These transfers come in the wake of a significant settlement Genesis reached with New York State.
The recently announced game launch is an indication of Notcoin’s shift to a more sustainable ecosystem.
As blockchain networks and Layer 1 and Layer 2 chains multiply, user bases and liquidity become fragmented, leading to subpar experiences for users and developers. Particle Network addresses this issue with its unified Layer 1 blockchain.
Crypto exchange Coinbase is soon to present its second-quarter results with expectations of doubling its revenue as well as a jump in profit.
In addition to crypto trading, Futu is also licensed to offer Bitcoin and Ethereum exchange-traded funds (ETFs) to certified institutions.
Ripple will contribute $10 million to OpenEden’s TBILL tokens, which is part of their larger investment strategy focused on tokenized financial assets.
The hackers involved in these attacks often used crypto mixers like Tornado Cash to obscure the origins of the stolen funds and evade detection.
Drawing on this TVL metric, the price of XRP is also not looking good amid a general market decline. The token is currently trading at $0.6065.
If the market gains momentum, Ethereum might test its $3,300 resistance. A bullish shift could push ETH out of its descending channel and aim for $3,700.
The Bitcoin halving event and increased network difficulty led to a rise in the average direct cost to mine Bitcoin, which increased to $25,327 from $5,734 per Bitcoin in the second quarter of 2023.
The Tron network has outshined Bitcoin and Ethereum networks combined in daily active addresses due to its rising stablecoins market.
Meta plans to increase its capital expenditures in AI by next year. These funds will help the company focus on research and development in artificial intelligence, which is expected to play a crucial role in its future growth.