CoinShares, a leading European investment company, has reported impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023, reaching £22.5 million ($28.5 million). This represents a significant growth of 110% year-over-year from £10.7 million ($13.5 million) in Q2 2023. The substantial increase in
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Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Bitcoin had rallied to as high as $62,000 after recovering from its price crash below $50,000 on August
The crypto exchange Gemini co-founder, Tyler Winklevoss, recently made headlines with his scathing remarks about the Vice President Kamala Harris’ crypto stance reset. In a social media post, Winklevoss labeled Harris’ actions as a “scam” following the Federal Reserve’s crackdown on a crypto-friendly bank. This bold accusation raises significant questions about the motives and implications
The past week has been a rollercoaster ride for Bitcoin and Ethereum ETFs, with significant inflows and outflows impacting the market. The week began with high volatility, leading to a negative note for spot Bitcoin ETFs as nearly $240 million left the market. The trend continued as $168.4 million was withdrawn from the ETFs, with
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, known for his expertise in unraveling the complexities of blockchains and digital assets. With a background in journalism and content creation, Semilore has dedicated himself to educating and informing his audience about the rapidly evolving world of cryptocurrency. Starting his career by writing
During a Berkshire shareholder meeting in the late 1990s, Charlie Munger famously stated, “The first $100,000 is a b—, but you gotta do it.” This blunt advice emphasizes the importance of achieving significant financial milestones, no matter the sacrifices required. Munger’s advice resonates with individuals striving to reach the $100,000 mark in various aspects of
Celsius, a crypto lender that recently emerged from bankruptcy, has taken legal action against stablecoin issuer Tether. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York, accuses Tether of improperly liquidating over $800 million worth of BTC collateral during a market downturn in mid-2022. According to Celsius, Tether breached
Opeyemi, a dedicated writer with a keen interest in the cryptocurrency realm, has found himself deeply immersed in the world of digital assets for over two years. His passion for unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency market shines through his work. Despite not initially choosing
The recent conclusion to the settlements phase of Ripple’s trial ended with a much smaller fine than anticipated by the SEC. U.S. District Court Judge Analisa Torres decided on a sum just a little over $125 million, compared to the $2 billion fine initially sought by the regulatory agency. This decision led to an immediate
Recently, Ripple was fined $125 million by the US Securities and Exchange Commission (SEC) for violating securities laws. This amount is significantly lower than the $2 billion initially demanded by the regulator, leading many to view it as a victory for Ripple. The fine comes as a relief to the company and has sparked a
