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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
May / 03
- Coinbase Soars in Q1, Net Income Tops $1 Billion
- May 03, 2024 at 04:34 am
- Coinbase surpassed analysts' expectations with a Q1 net income of $1.18 billion, a significant increase from its previous year's loss. The company's revenue of $1.64 billion exceeded estimates, driven by strong consumer transaction revenue, subscription, and services income. Coinbase shares have surged in 2023, benefiting from the surge in bitcoin prices and the approval of new SEC-approved bitcoin ETFs.
- Coinbase Profit Soars on Crypto Trading Surge
- May 03, 2024 at 04:32 am
- Coinbase Global reported a significant surge in profits during Q1, largely due to an increase in cryptocurrency trading volume. The company's net income reached $1.2 billion for the period ending March 31, a significant improvement from the $79 million loss incurred in the same quarter last year.
- LayerZero Prepares for Anticipated Airdrop, Hints at Future Developments
- May 03, 2024 at 04:32 am
- LayerZero has taken a snapshot in preparation for its anticipated airdrop scheduled for the first half of 2024. Developers hinted at additional airdrops in the pipeline, suggesting ongoing ecosystem advancements. The snapshot marks the initial phase in a series of planned airdrops. Notable investors, such as Andreessen Horowitz and Sequoia Capital, have backed LayerZero's vision with significant funding, valuing the company at $3 billion.
- Coinbase Outperforms with Stellar Q1 Earnings, Surpassing Expectations
- May 03, 2024 at 04:30 am
- Coinbase Global reported Q1 earnings, surpassing analyst expectations with $1.64 billion in total revenue. Net revenue increased by 72% to $1.6 billion, driven by transaction revenue of $1.08 billion and subscription and services revenue of $511 million, exceeding prior guidance. Bitcoin and Ethereum accounted for a significant portion of trading volume and transaction revenue, while the Layer 2 platform Base witnessed an 8x increase in developer activity, boosting transaction volume.
- Bitcoin Market Plunges: Analysts Predict Further Slide of 30-40%
- May 03, 2024 at 04:30 am
- Bitcoin's recent steep price decline has triggered extensive market liquidations, with key spot ETFs in Hong Kong and the U.S. underperforming, reflecting market struggles. Analysts project a potentially substantial 30-40% price correction in the current cycle, aligning with previous market cycles and highlighting concerns among investors.
- Monopoly GO Nocturnal Treasures Hunt Returns with Coveted Prizes
- May 03, 2024 at 04:30 am
- In Monopoly GO, the Nocturnal Treasures Treasure Hunt offers valuable rewards, including a new Token, Shield, and Wild Sticker. By completing all 20 levels, players can earn 4,550 dice, making Treasure Hunts a preferred event for controlled progress and rare rewards. The May Nocturnal Treasures Hunt features specific rewards for each level, including Pickaxe tokens for maximum rewards.
- Cardano Soars: Poised for Major Uptrend Amidst Market Turmoil
- May 03, 2024 at 04:30 am
- Cardano (ADA) has shown resilience amidst the recent market downturn, capturing attention as it experiences a surge in value. Analysts are increasingly optimistic about ADA's future price movements, suggesting it is positioned for a significant bull run. With a double bottom pattern on the ADA/BTC chart, ADA's resilience during the market crash, and bullish divergence, experts predict a potential 10x-15x surge in ADA's value, fueling optimism and increasing investment sentiment.
- Elliptic's AI Breakthrough Deciphers Enigma of Bitcoin Money Laundering
- May 03, 2024 at 04:26 am
- Elliptic, a blockchain analysis company, has developed a method to identify and track money laundering on the Bitcoin blockchain using deep learning, AI techniques, and a massive dataset. This approach focuses on detecting "subgraphs," chains of transactions representing laundered Bitcoin, enabling investigators to analyze illicit activity more effectively than by monitoring individual wallets.
- Coinbase Soars to Billion-Dollar Profit as Crypto Trading Surges
- May 03, 2024 at 04:20 am
- In the first quarter of 2022, Coinbase recorded a significant financial turnaround, reporting a net income of $1.2 billion, reversing the loss it incurred a year ago. This substantial profit surge primarily stems from the increased trading activity fueled by the launch of bitcoin-based exchange-traded funds (ETFs).
- Beldex Token's Privacy Features Can't Offset Crypto Market Slump
- May 03, 2024 at 04:19 am
- The price of Bedex coin experienced a slight uptick on Thursday, gaining 0.79% to trade at 0.0307. Despite this, the cryptocurrency has faced a five-day decline, reaching near five-month lows. Its performance has been negatively impacted by a broader crypto market downturn, contributing to 8.95% weekly and 30% monthly losses.
- BlackRock Bets on Bitcoin Resurgence as Institutions Embrace Digital Assets
- May 03, 2024 at 04:15 am
- Robert Mitchnick, head of digital assets at BlackRock (NYSE:BLK), disclosed the active engagement of financial institutions in research and due diligence discussions concerning Bitcoin. BlackRock has provided educational assistance in this area for several years. Despite the recent decline in inflows into spot Bitcoin exchange-traded funds, BlackRock predicts a resurgence driven by new investors such as sovereign wealth funds, pension funds, and endowments.
- Bitcoin Dive Raises Alarm, Signaling Market Turmoil Ahead
- May 03, 2024 at 04:14 am
- Bitcoin's recent decline and absence of positive market signals have heightened concerns within the crypto community. This downturn has caught the attention of investors and analysts, who view Bitcoin's volatility as a potential indicator of broader risk appetite shifts in global markets. Investors are closely monitoring Bitcoin's price movements for clues about liquidity dynamics that could impact other assets, with the recent slide coinciding with the Federal Reserve's signaling of elevated interest rates. The challenges presented by Bitcoin's volatility are evident in the widening discounts to net asset value for spot-Bitcoin ETFs and the record-breaking net outflow for US spot ETFs on Wednesday.
- Chainlink's LINK Primed for Bullish Surge Amidst Market Upswing
- May 03, 2024 at 04:13 am
- Chainlink's LINK token is poised for a rebound, as indicated by a TD Sequential buy signal. Analysts predict LINK's value could surge to $15.50, supported by bullish on-chain metrics suggesting a shift from centralized platforms towards self-custody methods, reducing immediate selling pressure.
- Cryptocurrency Markets Rebound, Bitcoin Open Interest Sinks
- May 03, 2024 at 04:09 am
- Cryptocurrency markets showed signs of recovery on Thursday, with major coins gaining value after earlier losses. Bitcoin's open interest dropped to its lowest level in two months, standing at $28.19 billion. Despite positive movements in altcoins, analysts caution that Bitcoin needs to demonstrate more strength and break the $60,000 mark for sustained growth.
- Bitcoin Mining's Tech Surge: From CPUs to Sustainability Quest
- May 03, 2024 at 04:06 am
- The history of Bitcoin mining reflects technological ingenuity and advancement. Initially performed using CPUs, miners transitioned to GPUs and FPGAs for greater efficiency. Application-Specific Integrated Circuits (ASICs) revolutionized Bitcoin mining with superior performance. Renewable energy sources became popular, with locations like China's Sichuan province and Iceland attracting miners due to cheap, renewable power. Hardware advancements, cloud mining, and artificial intelligence (AI) have further shaped Bitcoin mining. However, centralization concerns arose as large mining farms and pools dominated the network, leading to efforts to decentralize mining using alternative proof-of-work algorithms.
- Block's Bold Bitcoin Bet: Doubling Down on the Future of Crypto
- May 03, 2024 at 04:06 am
- Block Inc. raises its full-year profit guidance and announces plans to invest a portion of its Bitcoin earnings back into the asset, demonstrating the company's strong belief in its future potential. The decision to allocate 10% of gross profit from Bitcoin products towards Bitcoin purchases underscores Block's commitment to the cryptocurrency and its belief in its role as an open monetary protocol.
- Crypto Crucible: Ethereum vs. Bitcoin as BlockDAG Emerges
- May 03, 2024 at 04:05 am
- The cryptocurrency market is experiencing heightened tensions between Ethereum and Bitcoin, with analysts forecasting a looming power struggle. BlockDAG, a notable ICO crypto, has entered its 10th batch, amassing over $22.3 million and introducing various payment methods. On the other hand, Cosmos is facing bearish sentiment, with a 35% profit erosion this month and a price below significant moving averages. Investors are showing interest in BlockDAG's potential, with its innovative payment system and high return on investment (ROI) potential.
- Corinthians Fan Token Staking Guide: Generating Passive Income with $SCCP
- May 03, 2024 at 04:05 am
- S.C. Corinthians Fan Token ($SCCP) staking offers passive income opportunities for cryptocurrency holders. This process involves validating transactions on a proof-of-stake (PoS) blockchain, earning rewards in the form of additional $SCCP. Using DappRadar, a leading platform for decentralized applications, staking $SCCP involves navigating to the staking website, purchasing $SCCP, selecting a staking pool, delegating tokens, and starting the staking process.
- US Govt. Sale of Silk Road Bitcoin Raises Crypto Regulation Concerns
- May 03, 2024 at 04:05 am
- The United States government has recently concluded the sale of 9,861.2 BTC confiscated from Silk Road, a notorious dark web marketplace. The sale generated approximately $215 million for the state treasury, with plans to auction off the remaining 41,500 BTC in stages throughout the year. The government's actions demonstrate both the recognition of crypto assets' value and an effort to address regulatory concerns within the industry.
- Coinbase Posts Q1 2024 Financial Results
- May 03, 2024 at 04:05 am
- Coinbase Global, Inc. (NASDAQ: COIN) announced today the release of its first quarter 2024 shareholder letter and financial results, which can be found on its Investor Relations website. The company will hold a question and answer session to discuss the results on Thursday, May 2, 2024 at 2:30 p.m. PT. Following the call, a replay and transcript will be available on the website.