Coinbase, the largest U.S. cryptocurrency exchange, has become the first crypto-focused company to be included in the Fortune 500. The exchange pulled in $7.8 billion in revenue for the 2021 fiscal year, ranking 437th on the list, which was announced on Monday. But when ranked by revenue growth, Coinbase, at nearly 514%, trailed only Moderna (almost 2,200%) among top 500…
Solana price has begun to consolidate in a tightening range and if the wider market remains stable, it’s possible that SOL could break out in the short-term. SOL’s upside potential in the short-term could be significant with the move itself occurring quickly. The 2022 Volume Profile between $53 and $90 is extremely thin, indicating that any daily close above $53…
The Giving Block is partnering with Shift4 for a nonprofit donation campaign with the Miami Impact Index Fund.The campaign is called Caring With Crypto, and the CEO of Shift 4 will be personally matching the first $10 million in cryptocurrency donations.The fund allows donors to donate to all participating nonprofits in a single transaction that is equally distributed to all…
The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have been sentenced to nine and…
CoinsPaid recently surveyed respondents from Brazil, Argentina, and Colombia on their outlook of companies accepting bitcoin and cryptocurrencies. Over 50% of Brazilians, 38% of Argentinians, and 35% of Colombians view currencies like bitcoin being accepted by companies positively or think it could be the future of money.After the Brazilian Senate passed a regulatory bill for cryptocurrencies, 36% of Brazilians would…
Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021. According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, Bitcoin (BTC) was the primary focus of outflows…
In brief The GNT token, which can be redeemed for carbon, will run on the Celo blockchain. The project is raising money from venture capital and a private token sale. WeWork founder and former CEO Adam Neumann, who resigned amid controversy prior to the company’s initial public offering, has launched a crypto startup. His new venture, Flowcarbon, aims to bring…
Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session. Solana (SOL) SOL was one of the most notable tokens to fall during today’s session,…
Yield Guild Games (YGG) has released its Community Update for Q1 2022, revealing that total scholarships rose 39% overall as the guild continues to farm copious amounts of the Axie breeding Smooth Love Potion (SLP) token. The Community Report shows that the month-on-month growth of scholarships in YGG has been strong despite a downturn in the market. January saw 50.13%…
In an industry milestone, cryptocurrency exchange Coinbase has become the first corporation within the crypto and blockchain space to be featured on the prominent Fortune 500 list. A 68-year-old annual tradition, the Fortune 500 list is synonymous with ranking the leading corporations in the United States by total revenue, as well as other quantifiable metrics such as percentage profit margins,…
