Galaxy’s investments were $753.9 million at the time of the report. Non-algorithmic stablecoins accounted for $256.2 million. This has been a difficult year for Galaxy Digital. The Digital asset management and investment giant posted a net comprehensive loss of $554.7 million in the second quarter on Monday, a whopping three-fold
Eric revealed that he had made a small investment in cryptocurrencies in a CNBC interview. Ex-Google CEO is more intrigued by the web 3. In a reoccurring video, the ex-CEO and Chairman Eric Schmidt said that Bitcoin (BTC) is the largest and longest-running cryptocurrency by market capitalization, a remarkable cryptographic
Surfing, bitcoin, and crime reduction were responsible for the country’s tourism comeback. Compared to 2019 Salvador’s tourism revenue increased by 6%. The president of El Salvador, Nayib Bukele, expressed his views on the rise in tourism-related revenue in the country and advocated for the introduction of bitcoin (BTC) as legal
The Metaverse’s real estate market is in the midst of a serious crisis. The rate of employment in the Metaverse domain fell by more than 81%. Because of Facebook’s major shift to the virtual world in 2021, the Metaverse became a prominent subject during the Bull Run in the crypto
Elon Musk predicted that the company’s commodity costs will begin to decline. Federal Reserve has been raising interest rates in an effort to contain inflation. On Saturday, August 6, Tesla CEO Elon Musk held a shareholders’ meeting and gave some optimistic information regarding the world economy. As inflationary pressures begin
Cryptocurrency education and investment opportunities were discussed. The CEO of Binance also spoke on the country’s crypto regulatory frameworks. Central African Republic (CAR) President Faustin-Archange Touadéra met with Binance CEO CZ on Friday to address education, investments and regulatory frameworks. CEO of Binance said previously that he will spearhead the
On August 6, the bullish BTC price analysis is at $24702. BTC’s bearish market price analysis for August 6, 2022, is $21632. Bitcoin’s 50MA shows a downward trend. In Bitcoin Perpetual Future (BTC) price analysis on August 6, 2022, we use price patterns, and the Moving Average of BTC to
The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%
Crypto ATMs are returning to Japan after a four-year absence. Initial installations will be made in Tokyo and Osaka. Two of Japan’s most famous crypto advocacy organizations have pushed for lower taxation on individual crypto investors. Requests for tax reform have been made by Japan’s crypto-asset business associations JCBA and
Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Lightning Network may eventually allow users to send and receive dollars with the press of a button. Wednesday, Galoy, the open-source financial platform that
