PRESS RELEASE. As a part of Bitcoin Asia Week 2024, the “Scaling Bitcoin Together” event will take place on May 11, 2024, in Hong Kong. This event will bring together top blockchain experts to discuss how to grow the Bitcoin ecosystem. The “Scaling Bitcoin Together” aims to foster discussions that propel the development of the […] Source: https://news.bitcoin.com/scaling-bitcoin-together-event-set-to-unite-bitcoin-leaders-in-hong-kong/
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Coinbase Q1 Earnings Surge to $1.6 Billion
Coinbase announced a remarkable first quarter, with revenue reaching $1.6 billion, marking a substantial 72% increase from the previous quarter and a significant rise from $736 million in the same period last year. The company also reported a notable swing in net income, posting $1.18 billion for the quarter compared to a loss of $79 million in the previous year’s…
Tether Partners with Chainalysis Amid Rising Regulations
Tether announced on Thursday its collaboration with blockchain surveillance firm Chainalysis to monitor transactions involving its tokens on secondary markets. The move aims to enhance Tether’s ability to identify and address potential risks associated with illicit activities such as terrorist financing and sanctions evasion. The monitoring system, which includes capabilities for international sanctions compliance and detection of illicit transfers, will…
Crypto leaders should stop flirting with CBDCs
Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them. Source: https://cointelegraph.com/news/crypto-leaders-should-stop-flirting-with-cbdcs
Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case. Source: https://cointelegraph.com/news/terraform-sec-no-evidence-judgment
Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs. Source: https://cointelegraph.com/news/coinbase-posts-1-2b-net-income-in-q1-surpasses-entire-2023-earnings
Jito Price Jumps After Topping Solana DeFi Protocols With $1 Billion Locked
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The Jito Network rose to the top of the list of decentralized finance (DeFi) protocols on the Solana network on Thursday, growing to $1.04 billion in…
Block, Inc. Q1 earnings top estimates, shares jump after-hours
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell. Source: https://cointelegraph.com/news/block-shares-rise-q1-earnings-beat-estimates
Bulletproof Cadillac, Butler, and $1.5M Titanic Watch: FTX Exec’s Lavish Spending Continues
As Sam Bankman-Fried stares down the barrel of a 25 year prison sentence, most of his former FTX colleagues have done their best to stay out of the limelight. But one former executive of the collapsed crypto exchange is now raising eyebrows for his extravagant purchases. Patrick Gruhn, the former head of FTX Europe, recently spent $1.5 million to acquire…
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold. Insights on Market Trends by JPMorgan JPMorgan, a global investment bank, has provided insights on […] Source: https://news.bitcoin.com/jpmorgan-retail-investors-drive-selloff-in-both-crypto-and-equity-markets/