Deals
Coinbase, a leading cryptocurrency exchange, has launched a new service named "Smart Wallet," aiming to revolutionize the way users interact with digital assets by offering a custody-free wallet that can be created effortlessly using modern identification methods like FaceID or a Google account. The announcement of Smart Wallet
Cryptonews
According to the latest data from CryptoQuant, bitcoin reserves held by mining companies have plummeted to a 14-year low, marking a significant moment in the cryptocurrency sector. The reserves now stand at only 50% of their all-time high, signaling a stark reduction in available assets within this segment. Currently, these
Politics
Former U.S. President Donald Trump has shown interest in an unconventional method to manage the country's soaring national debt, which currently stands at $34.7 trillion. During a recent online event called the Orange Party hosted on the social media platform X (formerly known as Twitter), Trump
Cryptonews
In a remarkable display of cryptocurrency acumen, an unknown trader managed to transform a modest investment of about $2,700 into a staggering $1.24 million, all thanks to the meme coin Shiba Inu (SHIB). This astounding success story, reported by the analytics company Lookonchain, showcases a 419-fold increase in
Deals
In a surprising pivot from his earlier reservations about cryptocurrency, influencer and entrepreneur Andrew Tate has announced an investment of more than $100 million in Bitcoin, signaling a complete departure from fiat money and traditional banking. This move represents a dramatic shift for Tate, who previously expressed skepticism about the
Deals
In a major operation spanning 26 provinces, Chinese law enforcement has uncovered an underground banking network that engaged in illegal financial activities using Tether (USDT), a popular stablecoin. This operation involved the seizure of approximately 13.8 billion yuan ($1.9 billion) and the detention of 193 suspects, indicating a
Cryptonews
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.
Deals
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
Cryptonews
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
Cryptonews
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.
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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
Cryptonews
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