The second week of August started with a boom in the crypto market where the unfortunate announcement spread around. The Boss of Twitter (known as ‘X’), Elon Musk has denied the launch of a crypto token for X. Following this denial of scam and rumors by Elon, Dogecoin (DOGE) went
Valkyrie, a major participant in the financial industry, has filed a Form 497 detailing their ambitious goal to convert their current fund, $BTF, into a revolutionary dual Bitcoin and Ether Exchange-Traded Fund (ETF) ahead of time. Bloomberg’s ETF Analyst, Eric Balchunas, claims that on October 3rd, the company will take
Coinbase CEO Brian Armstrong has allegedly gone back and forth on whether or not the company would relocate outside of the United States due to regulatory uncertainties. As reported by the Financial Times on August 4, Armstrong said that Coinbase will be “staying in the United States” despite several other
On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped. The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities
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
According to data compiled by CCData, South Korean crypto exchange Upbit overtook Coinbase and OKX in trading volume for the first time in July. Both Coinbase and OKX, two centralized exchanges, suffered a decrease in trading volume in July, with Coinbase’s volume falling by 11.6% to $28.6 billion and OKX’s
The first half of 2023 has been a roller-coaster ride for the cryptocurrency world, with a series of significant events and developments that have left a profound impact on various altcoins. As Bitcoin hit a remarkable $30,000 upmark and the SEC lawsuit took a surprising turn, altcoins experienced unprecedented volatility,
To prosecute its fraud case against Terraform Labs and its founder, Do Kwon, a New York federal court has ruled that the U.S SEC may proceed with the case. Nonetheless, the court let the securities regulator go forward, contradicting a prior finding by colleague Judge Analisa Torres, who found that
According to its most recent financial attestation for the second quarter of 2023, Tether’s treasury reserve assets supporting circulating USDT tokens continue to grow. Tether Holdings said in its Q2 attestation report that its surplus reserves had grown by $850 million, to a total of $3.3 billion, as per the
One topic has dominated coverage of the cryptocurrency industry in recent weeks. Among cryptocurrency enthusiasts, the approaching Litecoin Halving has become the most awaited event. In addition, as anticipation for the event grew, its value increased to $110 on June 30. Moreover, the price is facing high volatility as investors
