Crypto news

Revolut anticipates that its revenue for 2023 will continue its growth trajectory. British online banking company Revolut has finally published its delayed 2022 annual financial earnings report on Friday, December 22. The company reported a significant 45% increase in revenue for the year, reaching £922.5 million worth appropriately $1.2 billion. The pre-tax loss, in turn, dropped to £25.4 million ($32.2 million), a notable shift from the restated profit of £39.8 million in 2021....

Following the devaluation of its local currency and years of inflation, Argentina now legally recognizes contracts that stipulate Bitcoin as its currency of choice. Ahead of Christmas, the crypto sector in Argentina has gotten a major win as contracts denominated in Bitcoin have now been legally recognized. This news comes via  Argentina’s Minister of Foreign Affairs, Diana Mondino. This also comes as Argenitna’s national currency the Argentine peso has seen a dip in its value. Bitcoin...

In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian.  BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final touches to its plan for a Bitcoin exchange-traded fund (ETF). As part of the process, the company intends to use a third-party broker, which it regards...

The analyst said TradFi institutions trying to get into crypto, but are unsure how to begin, may use Coinbase stock to enter. According to the co-founder of research firm Reflexivity Research Will Clemente, shares of major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) could serve as an indicator for the crypto sector. Clemente says Coinbase shares could be an “index play” for traditional finance (TradFi) firms looking for a way into the industry. Clemente offered his opinion...

Bitcoin cash is eyeing a fresh increase above the $240 resistance against the US Dollar. The price is now trading above the $230 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $228 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $238 and $242 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $230 against the US...

Michael Sonnenshein, the CEO of leading asset management firm Grayscale Investments, believes the approval of spot Bitcoin exchange-traded funds (ETFs) could allow the crypto market to enjoy an inflow of $30 trillion in advised wealth. During an interview with CNBC’s Squawk Box, Sonnenshein said there is a lot of market optimism for Bitcoin (BTC) next year as many investors are adding the digital asset to their portfolios. Opportunity for $30T Advised Wealth Inflow...

A recent development has seen a substantial increase in transaction activities on major Ethereum Virtual Machine (EVM) chains. According to Etherscan, a widely used blockchain analytics platform, 95% of these transactions can be attributed to inscriptions. The Ordinals Inscriptions Wave Ordinals inscriptions, which involve embedding unique data in transaction call data to create non-fungible tokens (NFTs) directly on the blockchain, have increased in popularity. This new...

Bitcoin’s price has recently found a stable range around the critical resistance level of $45K, indicating a bullish sentiment among market participants. However, there is a possibility of a short-term decline, potentially pulling back towards the $40K support level. Technical Analysis By Shayan The Daily Chart A close look at the daily chart shows that Bitcoin’s upward trajectory has faded upon reaching the critical $45K resistance zone. This level coincides with the upper...

[PRESS RELEASE – Tel Aviv, Israel, December 21st, 2023] Addressable, Web3 growth marketing leader, announced today the successful closure of its second funding round this year, reaching a total of $13.5 million so far. The infusion of capital will enable Addressable to supercharge its Web3 Growth Suite and expand its service to new ad networks and blockchains, solidifying its status as the Web3 growth marketing category leader. This significant milestone is based on...

[PRESS RELEASE – Munich, Germany, December 21st, 2023] bitsCrunch, the decentralized AI-powered Web3 analytics network, has announced that the community sale of BCUT – the native utility and governance token for the bitsCrunch network – sold out in 24 minutes, a new record for CoinList. The community sale raised $3.85 million USD and added more than 3,300 unique token holders to the rapidly expanding bitsCrunch community. With over 38,000 unique registrants and participation...