Tag: Business

news-08112024-093123

October Dapps Revenue Surges to $164M: Adoption Growth Analysis

Decentralized applications (dApps) have seen a significant increase in revenue, reaching $164 million in October according to a report by Binance Research. This surge in revenue is a clear indicator of the growing adoption...
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Competition Drives Blockchain’s Path to Dominance

In the world of finance, there are many misconceptions that often lead to misunderstandings. One common misconception is that traditional finance (TradFi) is highly centralized. However, the reality is that the global banking system...
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DEGEN L3 Migration Challenges: Conduit Standoff and Financial Losses

DEGEN L3 Migration Challenges: Conduit Standoff and Financial LossesDEGEN is facing obstacles in migrating DEGEN L3 to a new service provider due to issues with Conduit, which have resulted in financial losses and operational...
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Exploring AI’s Potential in Response to Bitcoin Mining Slowdown

Galaxy Digital, a prominent Bitcoin mining firm, is exploring the potential of artificial intelligence (AI) to counteract losses in mining revenue and maximize future opportunities. The company recently announced a preliminary agreement with a...
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Maximizing Bitcoin Mining Revenue with AI Computing Solutions – Galaxy’s Latest Strategy

The fiercely competitive bitcoin mining industry is presenting miners with a clear choice: either transition to artificial intelligence (AI) computing or face financial losses. Galaxy Digital, founded by Michael Novogratz, is the latest company...
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Coinbase Premium Soars to Seven-Month High Amid Increased US Bitcoin Demand

The surge in Coinbase premium to a seven-month high indicates a growing demand for Bitcoin in the United States after Donald Trump's election win. The Coinbase Premium Index, which measures the price difference between...
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Benefits of Staking for Ethereum ETFs: Lower Fees and Increased Interest

Staking has been identified as a game-changer that could potentially lower fees and increase interest in Ethereum ETFs, according to crypto analyst Tom Wan. By allowing Ether ETFs to offer near-zero management fees, staking...
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Bitcoin Price Surges with BlackRock ETF Breaking Records in 2024

Bitcoin saw a significant surge on Wednesday, reaching a record high of $76,481, marking its fourth-best day of the year. This increase followed the U.S. presidential election victory of Donald Trump, who expressed support...
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Bitcoin ETFs See $621 Million Inflow as BlackRock Records Rare Outflow Post US Election

Bitcoin ETFs have seen a significant increase in inflows, totaling $621 million, following the recent US presidential election results. Fidelity's FBTC received a large inflow of $308.8 million, while BlackRock's IBIT experienced an outflow...
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Former FTX CTO Appeals for Non-Custodial Sentence in Bankman-Fried Case

FTX’s former Chief Technology Officer, Gary Wang, is making a plea for a non-custodial sentence as he awaits his upcoming sentencing date on November 20. In a sentencing memo dated November 6, Wang's legal...