Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last year. In its Q4 and full-year results announced on Feb. 23, Block attributed the fall in Bitcoin revenue to the decline in BTC price
Month: February 2023
The original manuscript of Neil Stephenson’s Snow Crash, the book that coined the term “metaverse,” will be auctioned by Sotheby’s, according to a page on its official website. The auction is part of a Feb. 23 series called “Infocalypse” that includes six physical and six digital items related to the famous book. The original manuscript is
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing by June of all cryptocurrency exchanges operating
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge
The Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge’s decision to allow a lawsuit against Dapper Labs’s NBA Top Shot nonfungible tokens (NFTs) to play out. U.S. attorney Jake Chervinsky commented after federal judge
The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed an
In this week’s episode of Market Talks, Cointelegraph welcomes Brenda Gentry, or as she’s known on Twitter, Cryptomom. Gentry has over 15 years of experience in traditional banking. She started researching and investing in cryptocurrencies during the 2020 lockdowns and made substantial returns in 2021 after which she launched Gentry Media Productions. She is currently on a
An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows. Buying Ethereum high, selling low Spotted by on-chain monitoring resource Lookonchain, the “stupid money” trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September 2022. But a
The federal judge presiding over the case for former FTX CEO Sam “SBF” Bankman-Fried has ordered a superseding indictment unsealed containing 12 criminal counts. In the indictment filed with the United States District Court for the Southern District of New York on Feb. 22, U.S. Attorney Damian Williams alleges Bankman-Fried’s actions in the matter involving
Ethereum rebounded on Feb. 23, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. The minutes showed that the Fed hinted at maintaining its current policy until further signs that inflation is “substantially” slowing. Bitcoin was also higher, as it rose back above $24,000. Bitcoin Bitcoin (BTC) moved back above $24,000 on
The January launch of Bitcoin Ordinals created a stir within the crypto community about its place within the Bitcoin ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from BTC’s peer-to-peer cash system vision. No matter the community sentiment on the Bitcoin-based nonfungibale token (NFT) issue, this did
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov — have been formally accused of having key roles in the scheme that raised approximately $340 million from
USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide firms is laying off staff to mitigate their financial woes, Circle has gone against the tide to hire more people. 41% of all layoffs
Kim Kardashian, Floyd Mayweather and other celebrities are looking to convince a judge to dismiss another revised attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure. The celebrities asked a California federal judge to dismiss a second amended complaint from EthereumMax investors filed in December 2022. According to the defendants, the
Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Waiting for a bit lower” Data from Cointelegraph Markets Pro and TradingView recorded lows of $23,871 on Bitstamp, with S&P 500 futures slipping under 4,000 ahead of the Wall
Yesterday’s ruling by a U.S. District Judge on Dapper Labs’ motion to dismiss a lawsuit alleging that NBA Top Shot NFTs are an unregistered security may have a “net positive” impact on Ripple’s case against the U.S. Securities and Exchange Commission. At least that’s what James “MetaLawMan” Murphy, an attorney and strategic advisor, claims. District
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 26
- Next Page »
