Crypto news

The payment technology firm Block (formerly known as Square) revealed that its bitcoin revenue for the second quarter was approximately 34% more than the figure reported in Q2, 2022.  The company, spearheaded by Twitter’s former CEO Jack Dorsey, is a main player on the crypto scene, owning over 8,000 BTC.  Q2’s Solid Numbers Block revealed that its mobile application that enables monetary transfers – Cash App – generated a bitcoin revenue of $2.39 billion in Q2, 2023. The sum...

A resident of Eden Prairie, Minnesota, whose name was undisclosed, has reportedly parted with $9.2 million after falling prey in a typical cryptocurrency romance fraud.  The local police said it has never investigated a crypto-related scam where individuals have lost such a substantial sum. The Multi-Million Scheme As reported by Star Tribune, the man started chatting with a mysterious woman on LinkedIn who urged him to invest in a dubious cryptocurrency project called...

Bitcoin is getting very popular in Palestine and particularly in the Gaza Strip, the big reason being that PayPal has decided not to offer its services in this corner of the world. Palestine and BTC Get Close as PayPal Drives Away The reason PayPal isn’t setting foot in Palestine is because of the alleged dangers that stem from endless conflict with its geographic neighbor Israel. At least 12 congressmen, at the time of writing, have signed a proposal supporting...

But it’s also understandable that FTX creditors are looking for a less stinky exit. The FTX 2.0 reboot proposal is in the reorganization plan filed Monday, July 31. FTX 2.0 Exchange Plans Have High Hopes News of the filing caused FTT tokens to spike from $1.34 to 1.55. But soon after, they settled even lower than before. Anyone holding FTT tokens and scanning like a hawk for the opportunity had a brief window to sell with some cushion. As it turns out, the idea has several...

Cameron Winklevoss – one half of the Winklevoss Twins who run the Gemini crypto exchange in New York – is confident bitcoin is about to burst out of its shell and reach a new bullish peak nobody is prepared for. Cameron Winklevoss on the Future of BTC’s Price At the end of June, the price of bitcoin rose beyond $31,000. This is the highest bitcoin’s been all year, and certainly higher than where it was for most of 2022, arguably the most bearish period on record...

Lawyers for Coinbase Global asked a U.S. judge Friday to dismiss a suit by the Securities and Exchange Commission. They brought the arguments to back up their request. Coinbase lawyers ask judge to dismiss SEC lawsuit The SEC lawsuit filed June 6, alleges the crypto exchange is an unregistered securities broker and exchange. In the motion to dismiss the suit, Coinbase says: “The SEC misreads Howey in asserting that a ‘scheme’ without a contractual undertaking will suffice.”...

El Salvador is really gaining traction as a leading bitcoin haven. El Salvador was Smart to Implement Bitcoin Not long ago, professional surfer Kelly Slater commented on social media: The government has really put an emphasis on surfing (and bitcoin). A crypto winter and bear market were both responsible for bitcoin shedding quite a bit of value in 2022, and while we’re not entirely out of the woods yet, El Salvador continues to gain a lot of talent and business...

Bitcoin miners have had a rocky start in 2023 after being battered by a severe market downturn the previous year. But as prices recovered over the last several months, they have been at significant capacity, according to Bernstein. The brokerage firm’s latest report weighs in on how large miners are poised to reap substantial benefits from such a growing trend. Where do Miners Stand Ahead of Bitcoin Halving? The report suggests that the 16 largest publicly listed mining firms...

Bitcoin price has cautiously ratcheted upward since Jan. A rising trend channel from $16,600 to $30,000 almost doubled the spot price of BTC in H1. The price changed in three phases, with blistering rallies that happened in January, March, and June. Here’s what large language model chatbot Google Bard has to say about the best day of the week to buy cryptocurrencies like Bitcoin, Ethereum, and Ripple. Cheapest Day of the Week to Buy Crypto? There’s no telling for sure if...

[Press Release – London, United Kingdom, August 5th, 2023] Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra’s potential to redefine the crypto industry. Priding itself on democratizing access to investment opportunities, VC Spectra has carved a distinct niche for itself. The on-chain hedge fund extends the availability of early-stage...