Cryptocurrency

For cryptocurrency to gain more value, wider ownership is crucial. Institutions investing directly in bitcoin or indirectly through spot ETFs, launched in January, can drive this growth. Some entities, like MicroStrategy (NASDAQ:MSTR), invest directly in bitcoin, while others, like the State of Wisconsin, invest indirectly. This trend is positive for cryptocurrency as it increases exposure

A 43-year-old software engineer, who previously worked on the BlackBerry in the 2000s and helped develop the Windows Phone app store at Microsoft, has now taken on a new challenge. Despite not having worked in crypto until early 2022, Laver is leading Solana Labs’ effort to revolutionize the crypto experience by integrating blockchain capabilities into

Uniswap Labs, the innovator behind Ethereum’s leading decentralized trading platform, refuted the US Securities and Exchange Commission’s (SEC) allegations, contending that crypto tokens do not qualify as securities but are akin to file formats such as PDFs. The New York-based startup rebuffed claims of operating an unregistered exchange and broker-dealer, following a Wells notice served

Bitcoin (BTC-USD) found itself grouped with other speculative investments during the run-up of the Federal Reserve’s last tightening cycle, declining on expectations that higher interest rates would dampen the risk appetite. Now, with optimism growing again that borrowing costs could soon be heading lower, proponents of the biggest cryptocurrency argue that it’s more akin to

In a significant legal development, a Nigerian court has determined that Binance executive Tigran Gambaryan can be prosecuted on behalf of the cryptocurrency exchange in an ongoing tax evasion case. The case involves Binance and its executives, including Gambaryan, a U.S. citizen serving as head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, who

Morgan Stanley (NYSE:MS)  disclosed a substantial stake in Grayscale’s Bitcoin Trust , totaling nearly $270 million as of March 31, according to a recent 13F filing. This investment, along with similar disclosures from banking giants like JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and UBS (NYSE:UBS), underscores growing institutional interest in cryptocurrency among wealth management clients. It’s

The Internet Computer-based Bitfinity platform introduces its Ethereum Virtual Machine, facilitating smart contract execution for Bitcoin protocols and enabling Bitcoin DeFi applications with Runes support. Built on the Internet Computer protocol, Bitfinity integrates with the Bitcoin network, offering asset bridging to other blockchains. Leveraging Ethereum’s smart contract language Solidity, developers can access Bitcoin-based tokens, including

The US Securities and Exchange Commission has yet to decide on spot Ethereum exchange-traded funds. On May 16, Billy Markus, co-founder of Dogecoin, expressed his doubts about their approval, suggesting that the SEC is “compromised” and may reject the ETFs. Markus made his skeptical comment in response to a social media post discussing the importance

Mastercard (NYSE:MA) has announced the selection of five startups to participate in its digital assets program, which aims to foster the development of blockchain use cases. The chosen startups will join Mastercard’s Start Path blockchain and digital assets program, focusing on the creation of blockchain use cases and user experiences. Through this initiative, Mastercard (MA)

Coinbase, a prominent cryptocurrency exchange, is currently grappling with a system-wide outage, prompting concerns among users. The exchange has swiftly responded to the situation, assuring customers that their funds remain secure while its team diligently works on resolving the issue. In a recent announcement, Coinbase acknowledged the outage and disclosed that its team is actively

Elon Musk has been a vocal advocate of Dogecoin since his initial tweet in 2019, and his recent actions suggest he’s gearing up to expand DOGE’s utility further into his business ventures. Notably, Tesla, Inc. (NASDAQ:TSLA) has started accepting DOGE as payment for its merchandise, a move following Musk’s visit to the Berlin gigafactory where

Binance, the world’s largest cryptocurrency exchange, has taken significant steps toward resuming its operations in India by registering with the country’s Financial Intelligence Unit, as confirmed by a senior FIU official. The registration comes after Binance was suspended from operating in India this past December due to non-compliance with local regulations, amid a broader crackdown

Dogecoin (DOGE), the leading meme cryptocurrency by market capitalization, is showing signs of entering another bullish phase reminiscent of its spectacular rise in early 2021. According to CoinDesk, Dogecoin’s market cap currently stands at approximately $22 billion, with a remarkable year-to-date price increase of over 70%, significantly outstripping Bitcoin’s (BTC) near 50% gain. A critical

Marathon Digital Holdings, Inc. (NASDAQ:MARA), one of the leading bitcoin mining companies, experienced a slight downturn in its stock price, dropping about 1.5% in after-hours trading on Thursday. This decline came in response to the company’s failure to meet revenue expectations for the first quarter, primarily due to several operational challenges. During the first three

Injective, a blockchain platform originally built on Cosmos technology, experienced a meteoric rise with its INJ token escalating thirty-three times in value during 2023, only to face a sharp decline this year. In a strategic pivot, Injective is now set to broaden its scope by launching a layer-3 network within the Ethereum ecosystem, leveraging Arbitrum’s

FTX has announced that almost all its customers will be reimbursed, just under two years after the cryptocurrency exchange’s dramatic failure. In a recent court filing, FTX disclosed it owes creditors approximately $11.2 billion, but has between $14.5 billion and $16.3 billion available for distribution. According to the documents submitted to the U.S. Bankruptcy Court

Exodus, a leading developer of cryptocurrency wallets, has secured approval for listing its common stock on the NYSE American exchange, marking a significant milestone for the company. The stock, identified by the ticker symbol EXOD, is slated to commence trading on May 9. JP Richardson, CEO and Co-founder of Exodus, expressed enthusiasm about the listing,

Ethereum (ETH) witnessed a significant decline in daily ETH burned, hitting a yearly low primarily due to decreased gas fees. Gas fees currently range between 5 and 10 gwei, marking one of the lowest levels observed this year. The Ethereum network experiences a notable decrease in the daily volume of ETH burned, reaching its lowest

Vodafone (NASDAQ:VOD)is gearing up to address the anticipated surge in cryptocurrency demand on mobile phones by leveraging SIM card technology. David Palmer, the telecom giant’s blockchain lead, discussed with Yahoo Finance Future Focus how Vodafone is spearheading blockchain utilization on mobile devices to streamline crypto transactions. Palmer emphasized the integration of mobile phone SIM cards

Led by CEO Jack Dorsey, payments firm Block (NYSE:SQ) has commenced a dollar cost averaging initiative to expand its substantial bitcoin reserves. Starting in April, the company allocated 10% of its monthly bitcoin-related gross profit to purchase additional bitcoin, intending to continue this practice throughout 2024. During the first quarter, Block reported $80 million in

Cryptocurrency exchange Coinbase (NASDAQ:COIN) exceeded expectations in its first-quarter earnings report, outperforming both revenue and earnings projections. The company reported revenue of $1.64 billion, surpassing estimates of $1.32 billion, with adjusted earnings per share (EPS) reaching $4.40, exceeding the projected $1.07. To analyze Coinbase’s performance, Steve Jang, Founder and Managing Partner of Kindred Ventures, joins

Two bipartisan lawmakers, Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga., have introduced the Providing Tax Clarity for Digital Assets Act. The bill aims to clarify that staking rewards should only be taxed at the time of their sale to prevent double taxation. Rep. Ferguson emphasized the need for clarity in the treatment of digital

On April 23, three days after the Bitcoin halving event, an impressive 1.6 million unique Bitcoin transactions were recorded, according to data from Blockchain.com and Glassnode. This notable increase in transactions indicates a growing interest in using Bitcoin for everyday transactions, expanding its conventional role beyond being merely a store of value. Bitcoin Runes Lead

In response to mounting regulatory pressure, Wasabi Wallet and Phoenix have ceased operations for customers in the United States. The companies behind these wallets, zkSNACKs and ACINQ respectively, announced the suspensions following recent actions taken by U.S. authorities against similar cryptocurrency services. zkSNACKs has taken proactive measures to block access to its services from U.S.

For 71 consecutive days, BlackRock Inc.’s Bitcoin fund experienced an impressive streak, accumulating nearly $18 billion in one of the most significant exchange-traded fund launches in history. However, investor interest has waned as the fervor surrounding cryptocurrencies subsided. Data compiled by Bloomberg reveals that daily inflows into the ETF, identified by the ticker IBIT, dwindled

A recent report from Fidelity Digital Assets highlights a substantial increase in the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (BTC). Fidelity’s analysts reveal that this segment soared to an unprecedented 10.6 million wallets in mid-March, marking a doubling from the 5.3 million addresses recorded in 2023. The surge in Bitcoin

This week witnessed a notable shift in the momentum of two of the most successful exchange-traded fund launches in history. BlackRock’s (NYSE:BLK)spot Bitcoin ETF, IBIT, renowned for its remarkable performance, experienced zero inflows on Wednesday and Thursday, marking the end of its 71-day streak of fresh investments totaling approximately $17.24 billion in assets under management

Total net outflows from 11 U.S. spot bitcoin ETFs reached $120 million on Wednesday, with eight products recording zero flows, a trend deemed normal by analysts. Grayscale’s GBTC witnessed $130.42 million exiting the converted bitcoin ETF, while Fidelity and Ark Invest’s funds were the sole recipients of inflows, totaling approximately $10 million. Among the eight

This Friday, Deribit, a leading derivatives exchange, braces for a substantial expiration of cryptocurrency options, totaling over $9.4 billion, with bitcoin options comprising the majority at $6.35 billion. The upcoming expiry has sparked notable activity in the options market, particularly for Bitcoin, where the put-call ratio stands at 0.68, signaling an increased interest in put

CoinPoker, a crypto betting app, has recently abolished all withdrawal fees on its platform, aligning itself with industry trends seen in online gambling sites like Rollbit. This strategic move is expected to enhance CoinPoker’s competitiveness and potentially attract more users over time, especially as it offers similar features to Rollbit and introduces unique propositions such