Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges, including the impairment of its Flowbank investment, while achieving a profitable sale of its FTX claim. Coinshares Reports 133% EBITDA Growth […] Source: https://news.bitcoin.com/digital-asset-manager-coinshares-reports-strong-q2-2024-earnings/
Missouri, Washington and Michigan residents will be able to vote in primaries for specific candidates backed or opposed by crypto interest groups. Source: https://cointelegraph.com/news/crypto-super-pacs-invested-candidates-missouri-washington-michigan-primary?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hackers have executed a cyberattack on a Paris 2024 Olympics venue as well as dozens of museum shops in France—and have reportedly demanded a ransom to be paid in cryptocurrency. The cyberattackers exploited roughly 40 French tourist venues’ data processing systems last weekend, enabling them to collect sensitive financial data from the sites, French newspaper Le Parisien reported late Monday.…
Bitcoin (BTC-USD) has faced a significant pullback, plunging as much as 20% over the weekend to below $50,000—a level not seen since February. However, the cryptocurrency has since rebounded by approximately $6,000, though it remains down 14% over the past week. Despite this downturn, Bitcoin enthusiasts are maintaining their bullish forecasts. MarketVector’s Martin Leinweber believes that Bitcoin could surpass its…
In a dramatic turn that echoes the darkest days of the crypto winter, the Fear & Greed Index has plummeted to a staggering 17 out of 100 on Tuesday, plunging deep into the “Extreme Fear” territory. This level of investor sentiment is even more extreme than what was seen amid the catastrophic collapse of FTX in November 2022, reflecting deep-seated…
Core Scientific (NASDAQ:CORZ) saw its shares spike as much as 17% following the announcement of a new $2 billion high-performance computing (HPC) contract with CoreWeave. The extension of a prior agreement will see Core Scientific host an additional 112 megawatts (MW) of GPUs for CoreWeave, an AI hyperscaler firm. This deal boosts Core Scientific’s expected total revenue from the contract…
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years. Source: https://cointelegraph.com/news/nearly-every-token-binance-listed-2024-bleeding-red-coin98?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops […] Source: https://news.bitcoin.com/stablecoin-market-sees-pyusd-supply-swell-while-usde-shrinks-with-redemptions/
Popular bug bounty platform Immunefi has found that the global cryptocurrency ecosystem suffered increased hacks and frauds in the second quarter of 2024, losing $572.7 million. According to a recent report, this is a 112% increase compared to the same period last year. Immunefi noted that the two largest exploits of the year were responsible […] Source: https://news.bitcoin.com/immunefi-report-reveals-alarming-112-rise-in-crypto-hacks-and-frauds-in-q2-2024/
Diehard gold bug and perennial crypto skeptic Peter Schiff may have accidentally just admitted that Bitcoin has not one, but several real-world use cases. In a Tuesday tweet, the financial commentator argued that investing in Bitcoin exchange-traded funds (ETFs) defeats every reason for buying Bitcoin—of which there are several. “It’s no longer decentralized, it’s not peer-to-peer, it’s easily seized by…
