European investment company CoinShares recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved a revenue of £22.5 million ($28.5 million) in Q2 2024, showing a 110% year-over-year growth from the £10.7 million ($13.5
Crypto
The past week was characterized by volatility in the cryptocurrency market, with spot Bitcoin and Ethereum ETFs experiencing fluctuations in inflows and outflows. Starting off on a negative note, the spot Bitcoin ETFs witnessed significant outflows, with approximately $240 million leaving the eleven funds. This trend continued into the new week, with $168.4 million being
In the late 1990s, investor Charlie Munger famously stated, “The first $100,000 is a b——, but you gotta do it.” He emphasized the importance of reaching that milestone no matter what sacrifices needed to be made. Fast forward to today, the Bitcoin economy has seen over 450,000 BTC addresses holding Bitcoin worth $100,000 or more,
Celsius, a company that filed for bankruptcy two years ago, is now suing Tether for what they claim was the wrongful liquidation of over $800 million worth of BTC. According to the lawsuit filed in the US Bankruptcy Court for the Southern District of New York, Celsius alleges that Tether violated their contract by unfairly
The recent conclusion to the legal battle between Ripple and the SEC resulted in a much smaller fine than initially requested. The U.S. District Court Judge made a decision to impose a fine slightly above $125 million, as opposed to the $2 billion fine sought by the SEC. This decision was met with a positive
Recently, Ripple found itself in the midst of a legal battle with the US Securities and Exchange Commission (SEC), culminating in a ruling that the company must pay a $125 million fine for violating certain securities laws. This amount pales in comparison to the initial demand of $2 billion by the SEC, causing many in
The Commodity Futures Trading Commission (CFTC) recently announced that they have awarded a crypto whistleblower with over $1 million. This whistleblower’s information led to an enforcement action regarding improper trading in digital asset markets. The CFTC has been prioritizing the identification of unlawful conduct in the digital asset marketplace, especially with the rise of scams
Stablecoin issuer Tether has announced its plans to double its workforce by mid-2025 in an effort to bolster key areas like compliance and finance. This move comes as Tether seeks to solidify its position in the market and handle its staggering $118 billion in assets backing the USDT stablecoin. With only a small team currently
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant advancements in terms of processed transactions and overall improvements. The recent announcement of a hard fork featuring the new Bor version showcases the team’s commitment to enhancing the ecosystem. Scheduled for August 9, this upgrade will introduce a burning mechanism aimed at reducing
In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to