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Search Results for: Cryptocurrency

Robinhood Q1 2023 Reports Decline in Crypto Transaction Revenue

Robinhood, the stock and crypto trading platform, released its Q1 2023 results on May 10. The trading platform stated that its cryptocurrency transaction revenue declined by over 1% and reached $38 million. At the same time, overall transaction revenue has increased by 11%. Moreover, the platform also increased its assets

May 11, 2023 1 min read

North Korean Missile Program Was Funded By Stolen Crypto

On Tuesday, a White House representative in Washington said that the cyberattacks and money theft over cryptos have been funding the North Korean Missle program. Undoubtedly, over 50% of the program is been funded so far. Meanwhile, the White House is the place where the US President and their belongings

May 11, 2023 2 mins read

IRS Files $44B Claim Against FTX; FTT and XRP at Risk

Earlier today, the United States Internal Revenue Service (IRS) filed 45 claims accounts worth 44 billion dollars against FTX, the collapsed cryptocurrency exchange platform. Along with this, it associates with the related firms as well. More About IRS Claims The claim reports include the partner companies of FTX such as

May 11, 2023 1 min read

Gbitcoins Offers New Option by It’s Cloud Mining Service

With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from these coins. Founded in 2016, Gbitcoins is one of the earliest companies that provide cloud mining services by taking minimum charges and giving lucrative rewards to the miners. Thus cloud

May 10, 2023 3 mins read

Binance Announces Support for Upcoming GALA V2 Airdrop

Token holders in the Gala Games ecosystem will shortly get new $GALA V2 tokens in exchange for their existing $GALA at a rate of 1:1. Despite Coinbase’s decision to avoid the $Gala (GALA) contract swap, the biggest cryptocurrency exchange in the world, Binance, has opted to support the airdrop. On

May 10, 2023 1 min read

Galaxy Digital Moving Out of U.S Amid Regulatory Uncertainty

Galaxy Digital, a leading cryptocurrency investor, is the latest significant player to leave the United States in response to the recent governmental onslaught. CEO Mike Novogratz of Galaxy Digital made the decision to relocate the company’s operations on Tuesday, May 9. He cited the challenging regulatory climate in the United

May 10, 2023 2 mins read

USDT Stablecoin Issuer Tether Reports $1.48B Net Profit in Q1 2023

Tether Holding Limited, a stablecoin issuer, has announced that its reserves surplus has increased to $2.44 billion, a $1.48 billion up in net profit. Many digital assets had a dramatic gain in value during this time, which may be attributed to the general revival of the crypto market. Tether's Latest

May 10, 2023 2 mins read

BobaBNB Surpasses 45,000 Wallets With Record 2.8 Million Transactions in April

A record 2,863,240 transactions were handled on the BobaBNB platform in April, according to Boba Network, the only multichain Layer 2 (L2) solution and the only active L2 on the BNB Chain. This is an increase from 585,818 transactions in March and 99,362 transactions in February. BobaBNB now processes more

May 10, 2023 2 mins read

Binance To Oversee “Crypto Performance” Before Delisting Tokens

Binance, the largest crypto exchange in the world, will oversee the performance of  “no-progress projects” (high-volatility digital tokens) before directly delisting them.  Today, Binance CEO Changpeng Zhao, CZ, tweeted that the exchange will move the no-progress cryptocurrencies to Innovation Zone and monitor the performance of the token. Binance may delist

May 10, 2023 2 mins read