Cryptocurrency exchange giant Coinbase reported total revenue reached $1.4 billion with net income amounting to $36 million in the second quarter beating analyst expectations. Shares were trading up 3.23% at $219.50 at market close on Thursday. In its shareholder letter, Coinbase said it has hit an adjusted EBITDA of $596 million, marking its sixth consecutive...
HashKey OTC, the over-the-counter trading division of HashKey Group, has received a Major Payment Institution (MPI) license from Singapore’s regulatory authority. A Major Payment Institution (MPI) license allows for the unlimited provision of payment services. This includes services related to digital payment tokens and cross-border transfers, with no restrictions on transaction volumes. This development comes...
The crypto market is expected to continue its growth over the next 2 years, as factors continue to stack up in its favor, according to a Gemini report. In an August 1st Gemini Institutional Insights report, the crypto exchange cited a combination of favorable monetary policy, regulatory shifts, and infrastructure developments to drive growth, even...
Leading Democratic candidate Kamala Harris can’t afford to cede crypto to Republican nominee Donald Trump in key battleground states ahead of the 2024 U.S. presidential election, the Official Monetary and Financial Institutions Forum (OMFIF) claims in a new report released Thursday. Crypto Key For Kamala Harris Ahead Of U.S. Presidential Election, OMFIF Says According to...
Bitcoin (BTC) remains under pressure around the $66,396 level, with recent trading hitting an intra-day low of $65,400. This forecast comes as the market reacts to the U.S. government’s transfer of $2 billion worth of Bitcoin, which has led to a 3.8% price drop and increased market volatility. Investors are closely watching key price levels...
United States Senator Cynthia Lummis (R-Wyoming) revealed a draft bill to CoinDesk on July 31, outlining a plan to establish a federal stockpile of 1 million Bitcoin—a plan substantially different from what her initial comments suggested. The proposed legislation, dubbed the “Bitcoin Act of 2024,” would establish a “Bitcoin Purchase Program” for the U.S. Treasury....
The Bitcoin (BTC) price has stumbled below $65,000 in wake of the latest Fed policy decision, where the central bank held interest rates steady at 5.25-5.50% as expected, and Fed chair Jerome Powell indicated a potential rate cut coming as soon as September. ⚠️BREAKING: *FED CHAIR POWELL: RATE CUT COULD BE ON THE TABLE AT...
Donald Trump introduced limited edition Bitcoin-themed sneakers following his speech at the Bitcoin 2024 conference. According to a social media post by former President Trump, the sneakers are available in limited quantities, each pair numbered, and can be purchased using Bitcoin or other cryptocurrencies. $299 Bitcoin Sneakers Accept Crypto Payments These limited-edition sneakers, with only...
David Marcus, former PayPal president and current Lightspark CEO, endorsed former President Donald Trump for re-election on Wednesday. In an X post, Marcus announced he was “crossing the Rubicon” and supporting the Republican Party after evaluating new facts. The former Meta CEO shared that his realizations began in 2019, shortly after Meta announced the Libra...
Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is due to the Bitcoin halving event in April. This decrease in revenue is also attributed to a $9.7 million drop in engineering revenues. This was somewhat offset by a...