Finance world news

Cryptonews

Magic Square Launches New Launchpad Platform to Bolster Web3 Projects with Its 4.5 Million Users and 1,400 Applications

Magic Square Launches New Launchpad Platform to Bolster Web3 Projects with Its 4.5 Million Users and 1,400 Applications

Magic Square has announced the launch of its new launchpad platform, a significant development in the Web3 sector designed to facilitate Initial DEX Offerings (IDO). This platform is strategically designed to support and accelerate the growth of Web3 projects by leveraging Magic Square's substantial user base and extensive

Approval of Spot Ethereum ETFs Hinges on Outcome of US Presidential Elections, Eric Balchunas Analyzes

Approval of Spot Ethereum ETFs Hinges on Outcome of US Presidential Elections, Eric Balchunas Analyzes

Eric Balchunas, a Bloomberg Intelligence analyst, has recently commented on the likelihood of the approval of spot Ethereum ETFs. He has shifted his forecast to December 2025, indicating a significant delay. According to Balchunas, a crucial factor in this process will be the outcome of the upcoming US presidential elections.

Canada’s FINTRAC Fines Binance $4.4 Million for AML Violations and Operating Without a License

Canada’s FINTRAC Fines Binance $4.4 Million for AML Violations and Operating Without a License

In a significant regulatory action, Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a $4.4 million fine on the cryptocurrency exchange Binance. This decision comes after a detailed investigation into the platform's compliance with Anti-Money Laundering (AML) regulations and its failure to operate with

Revolut Launches Revolut X, a New Cryptocurrency Exchange Aimed at Experienced Traders, in a Move to Compete with Leading Platforms

Revolut Launches Revolut X, a New Cryptocurrency Exchange Aimed at Experienced Traders, in a Move to Compete with Leading Platforms

Revolut has officially launched its cryptocurrency exchange, Revolut X, specifically designed for experienced traders. This strategic move is aimed at positioning the company as a strong competitor against the top cryptocurrency platforms. The plans for launching this exchange were first revealed in February 2024. As a neobank with over 40

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