Coinbase, one of the major US crypto exchanges, recently released its financial report for the fourth quarter of 2023, shedding light on its performance over the year. The report revealed some key insights into the company’s financial health and growth trajectory. In Q4 2023, Coinbase reported a net income of $273 million and an adjusted
Bitcoin
Genesis Global has recently been granted approval by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust, with a total estimated value of $1.3 billion. This decision was made by U.S. Bankruptcy Judge Sean Lane during a court hearing in White Plains, New York. The authorization given to Genesis allows them
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart. This pattern is considered a strong bullish signal by market analysts and traders. The ‘Cup’ part of the pattern started forming in March 2022 when the price dipped below $48,000,
Bitcoin, the undisputed king of cryptocurrencies, is once again making headlines with a recent price surge that has propelled it past the coveted $50,000 mark. This rally has been accompanied by an “extreme greed” reading on the Crypto Fear and Greed Index, indicating that the market is filled with optimism but also raising concerns about
Recently, Ethereum has been experiencing a surge in its market price, reaching a one-month high and indicating a growing demand for the digital asset. In the midst of this upward trend, Lookonchain, an on-chain analytics platform, uncovered an intriguing strategy employed by an Ethereum whale. This unidentified whale has been actively increasing their Ethereum holdings
Tuur Demeester, a well-known Bitcoin researcher, recently shared his optimistic stance on Bitcoin’s future price potential. Anticipating a significant surge in Bitcoin’s valuation, he predicted that the cryptocurrency could reach anywhere between $200,000 and $600,000 by the year 2026. This bullish projection is based on the massive influx of trillions of dollars into the global
Franklin Templeton, a prominent Wall Street titan and asset manager, has recently made a significant move by applying for an Ethereum Spot Exchange-Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This decision comes on the heels of a prior struggle to obtain approval for their Bitcoin Spot ETF earlier this year.
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), recently addressed lawmakers regarding a breach of the SEC’s X account. This breach occurred on Jan. 9 when an unknown actor performed a SIM swap attack on the SEC’s X account and published a false message claiming that the SEC had approved several
2022 was a turbulent year for Bitcoin, but industry experts are optimistic about a potential resurgence in 2024. One of the key factors driving this positive sentiment is the highly anticipated Bitcoin halving event scheduled for April 2024. This event, occurring every four years, reduces the block reward for miners by half, leading to a
In a recent turn of events, Jeffrey Wilcke, co-founder of Ethereum, made a significant deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, amounting to a total of 22,000 ETH valued at approximately $41.1 million, has sparked renewed interest and excitement in the market. Despite the substantial nature of this deposit, the overall trend