The crypto market is expected to continue its expansion over the next two years as several tailwinds continue to stack up for the asset class, crypto exchange Gemini said in its latest Institutional Insights report on Thursday. A combination of favorable monetary policy, regulatory shifts, and infrastructure development will drive growth, even in the face of recent market volatility, the…
The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to trick victims into providing login details, clicking links, or sharing identification information. FBI Alerts Public to Cryptocurrency Exchange Scams The Federal Bureau […] Source: https://news.bitcoin.com/fbi-issues-warning-about-crypto-exchange-scams/
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%. Source: https://cointelegraph.com/news/marathon-digital-shares-price-mara-earnings-report-revenue-bitcoin-mining?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The crypto advocacy group says it is hand delivering letters to every US Senator, explaining why Bitcoin would help the US secure its position as a world leader. Source: https://cointelegraph.com/news/digital-chamber-urges-us-senators-adopt-lummis-bitcoin-bill?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings and Shareholder […] Source: https://news.bitcoin.com/coinbase-reports-1-4-billion-in-q2-revenue-amid-industrys-regulatory-advances/
Bitcoin miner Marathon Digital Holdings reported a significant loss for the second quarter of this year, citing the impact of Bitcoin’s halving event on its operations as rivals posted similar results. The Fort Lauderdale, Florida, firm faced a substantial net loss and decreased Bitcoin production amid rising operational challenges, according to its latest quarterly figures. The Bitcoin halving event in…
Black Forest Labs—the team that helped develop the original Stable Diffusion—has launched Flux, the largest open-source text-to-image model to date. With a staggering 12 billion parameters, Flux can delivery visuals that rival those of Midjourney, and possibly beat any other model currently available—be it open or closed source. Flux comes in three variations: Flux Dev, which is open source with…
MicroStrategy shares jumped just 1% in after-hours trading, with the company posting a net loss of $123 million in the second quarter. Source: https://cointelegraph.com/news/microstrategy-q2-earnings-reveals-bitcoin-stockpile-14-7-billion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A survey of 32 cryptocurrency experts on the Finder panel predicts significant growth for ether prices, with average forecasts of $5,368 by the end of 2024, $7,359 by the end of 2025, and $23,549 by 2030. These projections highlight the anticipated impact of institutional factors such as ethereum exchange-traded funds (ETFs). Survey Predicts Strong Future […] Source: https://news.bitcoin.com/finder-experts-predict-ether-hitting-23549-by-2030-majority-say-time-to-buy-eth/
Coinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%, respectively, from the prior year. Source: https://cointelegraph.com/news/coinbase-q2-earnings-crypto-trading-volumes-revenue?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
