Finance world news

Cryptonews

Bitcoin Miners' Earnings Drop to Lowest Since June 2021, Despite Recent Recovery

Bitcoin Miners' Earnings Drop to Lowest Since June 2021, Despite Recent Recovery

On May 3, 2024, the daily income of Bitcoin miners significantly decreased to 437.28 BTC, equivalent to $28.4 million, marking the lowest earnings since late June 2021 when it fell to 388.6 BTC, according to data from Glassnode. As of May 5, 2024, there was a slight

Cryptocurrency ETFs and Companies Hold $175 Billion in Bitcoin: An Extensive Analysis by VanEck

Cryptocurrency ETFs and Companies Hold $175 Billion in Bitcoin: An Extensive Analysis by VanEck

VanEck, a leading investment firm, has released a report revealing that various companies and cryptocurrency ETFs collectively hold about $175 billion in Bitcoin, constituting approximately 15% of the total Bitcoin supply. This significant figure highlights the growing institutional and governmental interest in Bitcoin as a formidable asset class. According to

Tether Reports $4.52 Billion Profit for Q1 2024, Bolsters Treasury Bond Holdings to $90 Billion

Tether Reports $4.52 Billion Profit for Q1 2024, Bolsters Treasury Bond Holdings to $90 Billion

In a striking demonstration of financial growth and strategic investment, Tether has announced a substantial $4.52 billion net profit for the first quarter of 2024. This significant figure includes approximately $1 billion derived from U.S. Treasury bonds, underscoring the company’s robust investment in these secure financial instruments.

Coal Giant Alliance Resource Ventures into Bitcoin Mining, Harvests 425 BTC Using Surplus Power

Coal Giant Alliance Resource Ventures into Bitcoin Mining, Harvests 425 BTC Using Surplus Power

In an intriguing meld of traditional energy and modern technology, Alliance Resource, a leading coal mining company, has ventured into the lucrative realm of cryptocurrency mining. As revealed in their financial report for the first quarter of 2024, the company successfully mined 425 bitcoins, valuing approximately $30 million, utilizing excess

Worldcoin Developers Consider Partnership with OpenAI and PayPal

Worldcoin Developers Consider Partnership with OpenAI and PayPal

Worldcoin, the cryptocurrency initiative under the Tools for Humanity banner, is reportedly exploring partnership opportunities with artificial intelligence startup OpenAI and payment service PayPal, according to Bloomberg sources. The move comes as the project faces regulatory challenges across various global jurisdictions. Tools for Humanity, the company behind Worldcoin, is seeking

ViaBTC Sells 'Epic Satoshi' for 33.3 BTC Valued at $2.13 Million on CoinEx Exchange in a Landmark Blockchain Auction

ViaBTC Sells 'Epic Satoshi' for 33.3 BTC Valued at $2.13 Million on CoinEx Exchange in a Landmark Blockchain Auction

Mining pool ViaBTC has successfully sold a unique blockchain asset known as the "Epic Satoshi" for 33.3 BTC, which was worth approximately $2.13 million at the time of the transaction. This notable sale took place on the cryptocurrency exchange CoinEx, during an auction that spanned about two days.

Changpeng Zhao Apologizes for "Wrong Decisions," Takes Full Responsibility Amid Legal Challenges

Changpeng Zhao Apologizes for "Wrong Decisions," Takes Full Responsibility Amid Legal Challenges

Former CEO of cryptocurrency exchange Binance, Changpeng Zhao, known as CZ, has issued an apology and taken full responsibility for "wrong decisions" related to his management of the company. This comes as part of a letter to Judge Richard A. Jones, who is overseeing his case, a detail revealed by

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Intelligence has recently disclosed a significant discovery involving dozens of cryptocurrency wallets containing assets that are stranded within various blockchain bridges. This revelation includes wallets linked to prominent crypto exchanges and key figures within the cryptocurrency sphere. These accounts, some associated with major names like the exchange Coinbase, contain

Notcoin Team Announces New Launch Date for NOT Token in Late April 2024, Shifts Away from Initial Planned Date to Ensure a Smooth Rollout Amid Potential 35 Million User Onboarding

Notcoin Team Announces New Launch Date for NOT Token in Late April 2024, Shifts Away from Initial Planned Date to Ensure a Smooth Rollout Amid Potential 35 Million User Onboarding

The Notcoin team has officially revealed the new launch timeline for their anticipated NOT token. Initially scheduled for April 20th, the date has been postponed to ensure a flawless launch. This decision came after considerations related to the bitcoin halving event originally set for the same date, which was seen

FTX to Auction Next Batch of Solana Tokens Amid High Demand

FTX to Auction Next Batch of Solana Tokens Amid High Demand

FTX, the cryptocurrency exchange that collapsed under dramatic circumstances, is preparing for another significant move in its ongoing liquidation efforts. The company is set to auction off a new batch of Solana tokens, responding to the high demand for this particular digital asset. Already, FTX has sold two-thirds of its