Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase Earnings Surged in Q1 Coinbase’s net income reached $1.18 billion, $4.40 per share, translating to $1 billion in adjusted EBITDA in Q1....
Read More »Here’s Why Jack Dorsey’s Block Will Invest 10% of Bitcoin Profits Into BTC Monthly
Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency. Block to Invest in Bitcoin Monthly Dorsey explained that bitcoin is the best and only candidate for a...
Read More »Bitcoin Explodes Above $63K as the Bulls Eye This Level Next (BTC Price Analysis)
Bitcoin’s price has been going through some major moves throughout the past couple of weeks. The bulls are fighting to reestablish their dominance, staging a convincing recovery above $60K. But will it last? Technical Analysis By TradingRage The Daily Chart The price has been oscillating inside a descending channel on the daily chart for the past couple of months. The channel was briefly broken to the downside a few days ago. However, BTC quickly rebounded and climbed back...
Read More »May 2024: Bitgert Coin’s Unstoppable Crypto Momentum
Another week has passed as the market continues to bleed. For most of the just concluding week, Bitcoin and Ethereum recorded major declines before recent price upticks. Hence, traders and investors are mitigating risk and turning heads towards more profitable options like Bitgert in the market. Bitgert, an innovative crypto project, has become an unstoppable force in the market, setting new peaks and raking in massive profits for investors. Moreover, experts...
Read More »We Asked ChatGPT if Bitcoin (BTC) Can Reach a New ATH This Month
TL;DR Bitcoin’s price dipped recently but has begun to recover, raising hopes for a potential rally in May. Favorable regulations and increased institutional adoption could fuel a significant BTC price rally (according to ChatGPT). What Are the Odds of a BTC Rally in May? Despite the promising start of the year and the surge to an all-time high price in March, Bitcoin’s progress stalled in April. The primary cryptocurrency did not start May on the right foot, declining to...
Read More »Bitcoin Miners Increase Selling Activity as BTC Demand Growth Slows Down: CryptoQuant
CryptoQuant analysts have found that Bitcoin miners have increased their selling activity in the last month amid slow demand growth for BTC. According to the latest CryptoQuant weekly report, the decrease in BTC demand is evident in low Bitcoin whale demand, fewer purchases from spot exchange-traded funds in the United States, and the Coinbase premium falling below zero. Miners Increase Selling Activity Miners have sent a large amount of BTC to spot exchanges, creating an...
Read More »Top Ripple (XRP) Price Predictions as of Late
TL;DR XRP has remained resilient amidst a general market downturn, with analysts predicting substantial future gains. The ongoing Ripple v. SEC lawsuit could significantly influence the asset’s price, depending on the outcome. XRP Future Outlooks The latest correction in the cryptocurrency market, which resulted in multi-month low prices for Bitcoin (BTC), Ethereum (ETH), and many other digital assets, was not so devastating for Ripple’s XRP. Despite briefly plunging below...
Read More »Bitcoin Whales Bagged $2.8B Worth of BTC in a Day: CryptoQuant
Bitcoin’s recent market correction that dragged the world’s largest cryptocurrency near the low of $56,500 turned out to be a good opportunity for high-profile investors. Data shared by CryptoQuant CEO Ki Young Ju revealed that whales have accumulated a whopping 47,000 BTC – worth more than $2.8 billion in current price – over the past 24 hours alone. This shopping spree signals the beginning of “a new era” for the primary cryptocurrency, according to the exec. Bitcoin whales...
Read More »Welche Bitcoin-Börse ist die richtige für dich?
Die Wahl der richtigen Bitcoin-Börse ist entscheidend für eine sichere und erfolgreiche Investition in Kryptowährungen. Verschiedene Börsen bieten unterschiedliche Funktionen, Gebühren und Sicherheitsstandards. Daher ist es wichtig, die einzelnen Angebote zu vergleichen, um die beste Börse für deine Bedürfnisse zu finden. Faktoren, die du bei der Auswahl einer Bitcoin-Börse berücksichtigen solltest: Sicherheit: Die Sicherheit deiner Bitcoins sollte...
Read More »Kann 1 Satoshi zur SI-Einheit werden?
Die SI-Einheiten sind die Masseinheiten, die im Internationalen Einheitensystem festgelegt wurden. SI steht dabei für die französische Bezeichnung Système international d'unités. Die sieben Basiseinheiten des SI-Systems sind: Sekunde (s), Meter (m), Kilogramm (kg), Ampere (A), Kelvin (K), Mol (mol) und Candela (cd). Der Bitcoin und sein kleinstes Teil, der Satoshi, könnten in Zukunft Teil des Internationalen Einheitensystems (SI) werden. Dies ist...
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