Block Inc., a company that facilitates Bitcoin payments, has announced that its gross profit for the second quarter of 2023 was $1.87 billion, up 27% year over year. In addition, Bitcoin accounted for $2.4 billion of the firm’s reported $5.5 billion in net revenue during the second quarter. Bitcoin revenue
In a significant move for DeFi, today, Maya Protocol announced an integration with the Dash blockchain. The move marks the first time Dash users can trade and earn using a decentralized and permissionless exchange. Maya Protocol is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across
As the highly anticipated release date of Shibarium draws near, the Shibarium Beta continues to achieve new milestones and break records. With less than two weeks remaining, users on Puppynet are driving the platform to new heights with a record-breaking number of transactions. According to Puppyscan data, the number of
The market has seen the rise and fall of several cryptocurrencies lately. While projects like Cardano (ADA) and Aptos (APT) have struggled to sustain their market share, a new project, Tradecurve (TCRV), has turned out to be the favorite of crypto experts and investors. Its presale is cruising high, and
As of today, the pace at which Litecoin is being issued has decreased by half, an occurrence known as “the halving.” Litecoin follows Bitcoin’s lead in going through the halving cycle every 4 years. The block reward for verifying blockchain transactions is halved during a crypto-halving event. After the event,
CHF500million deal believed to be the single largest enterprise blockchain IP investment to date LONDON–(BUSINESS WIRE)–Ayre Group founder and Antiguan/Canadian citizen Calvin Ayre has finalized agreements to take a controlling interest in nChain, the global leader in blockchain and Web3 technology, in a deal that will transform the trillion-dollar blockchain
Singapore, Singapore, August 2nd, 2023, Chainwire Additional account abstraction capabilities, including a social recovery feature, will be rolled out at a later date OKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for
CALGARY, Alberta–(BUSINESS WIRE)–Tetra Trust Company (Tetra), a Canadian leader in digital asset custody, proudly announces its strategic partnership with Figment, the leading staking infrastructure provider. This collaboration marks a significant milestone in democratizing staking services for institutional clients while solidifying Tetra’s position as the premier choice for digital asset custody
Launched on March 31st, 2022, Druid Ventures is one of the only dedicated digital asset funds in the Southeast USA and is on track to complete 25 – 30 investments (including follow-on rounds) by next year. TAMPA BAY, Fla.–(BUSINESS WIRE)–Druid Ventures, a ~$13 million early-stage venture fund that is actively
The crypto market has experienced massive growth globally with significant developments recently. In the first half of 2023, the number of crypto owners surged by 21%, rising from 425 million in December 2022 to 516 million. During this period Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has shown remarkable
