Tag: Cryptocurrency
Valour Launches Digital Asset ETPs in Kenya, Expanding Beyond Europe
Valour, a crypto fund issuer, has made a significant move beyond Europe by partnering with the Nairobi Securities Exchange (NSE) and SovFi to introduce digital asset exchange-traded products (ETPs) in Kenya. This collaboration will...
Analyzing MicroStrategy’s Success: Semler Scientific’s Bitcoin Strategy Shift
Semler Scientific recently made a significant shift in its investment strategy by converting much of its cash holdings to bitcoin. This decision came after Eric Semler, the company's chairman, became more actively involved in...
Core Scientific’s Stock Jumps 18% with $2 Billion CoreWeave Deal
Core Scientific, a Bitcoin mining company, recently announced a significant deal with CoreWeave that will see an expansion of its high-performance computing (HPC) infrastructure. This agreement will allow CoreWeave to finance modifications to Core...
Polymarket Surpasses DeFi Giants in Traffic Amid Trump-Harris Election Betting Craze
Polymarket, a prediction market platform, has experienced a surge in website traffic, surpassing other DeFi giants like Uniswap, dYdX, Compound, and GMX. This increase in traffic is mainly due to the growing interest in...
Coinbase Earnings Threatened by Low Volume and Federal Headwinds, Analysts Warn
Coinbase's second-quarter earnings were considered solid by Wall Street analysts, despite a potential slowdown in the third quarter. The exchange reported total revenue of $1.45 billion, but revenue from transaction fees decreased by 27%.Analysts...
Coinbase Reports Strong Q2 Revenue of $1.45 Billion Despite Transaction Decline
Coinbase recently announced their strong second-quarter revenue of $1.45 billion, surpassing market expectations despite a decline in transaction revenue. This is a significant improvement compared to the same period last year when their total...
Building a Blockchain-Based Professional Network: Coinbase and Google Veterans Secure $5M
Icebreaker, a new professional networking platform co-founded by former employees of Coinbase and Google, has successfully raised $5 million in a seed round to develop a blockchain-based alternative to LinkedIn. The funding was led...
Ether ETFs Experience $340 Million Outflows in Debut Week
Ether exchange-traded funds (ETFs) had a rough start in their debut week, experiencing $340 million in outflows as investors pulled their money out of the Grayscale Ethereum Trust (ETHE) in favor of competing products....
Bitcoin Price Drops in Americas Following Tech Market Decline
Bitcoin's price has dropped to just above $64,000 in the Americas due to a stock market decline and weakening sentiment for risk assets. This led to over $250 million worth of bullish bets being...
The Impact of a Democrat Win on U.S. Bitcoin Reserve: Trump’s Warning to Crypto...
Former U.S. President Donald Trump recently made a bold promise to establish a "strategic national bitcoin reserve" and vowed to never sell the government's seized bitcoin. This announcement was made during a speech at...