Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
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The recent Bitcoin2024 conference led by Bitwise CIO Matt Hougan has sparked a significant shift in market sentiment towards Bitcoin. Hougan believes that investors are currently “not bullish enough” about the potential upside of the flagship cryptocurrency. This change in outlook comes in light of various announcements made at the conference, showcasing support for Bitcoin
Recently, XRP witnessed a significant surge in its price, climbing to $0.66 from $0.60 in just 24 hours. This price level was last seen in the third week of March, sparking renewed investor optimism in the market. One notable trend in the XRP ecosystem is the rise in the number of wallets holding at least
The Elliot Wave theory has gained significant popularity among Bitcoin analysts due to its effectiveness in forecasting the future price movements of the cryptocurrency. In a recent analysis by pseudonymous crypto analyst XForceGlobal, the analyst utilized the 5-wave Elliot Wave theory to predict the potential trajectory of the Bitcoin price. According to XForceGlobal’s analysis posted
The Bahamas Securities Commission recently announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) with the aim of providing regulatory clarity for the country’s digital assets industry. This legislation comes nearly two years after the collapse of FTX, the exchange that was headquartered in the Bahamas in 2022. The goal
The world of digital art is facing a legal dilemma as Jonathan Mann and Brian L. Frye take on the US Securities and Exchange Commission (SEC). The dispute revolves around the classification of Non-Fungible Tokens (NFTs) representing digital art as securities under US law. Mann and Frye argue that their unique NFT artworks should not
Cardano’s ADA is currently facing a potential trend reversal as it forms an inverted hammer on its weekly chart. This pattern typically indicates a shift from bearish to bullish sentiment, with buying pressure overcoming initial selling. However, confirmation is crucial, and ADA’s technical indicators present a mixed picture. The Average Directional Index (ADX) is currently
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, with a staggering 300% increase in capital coming from institutional investors. This unexpected influx of funds has sparked optimism among market participants, potentially setting the stage for a bullish trend as the Chang hard fork approaches. According to a report from
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a passion for writing, journalism, and trading. His journey in the crypto universe is one filled with ups and downs, ultimately shaping him into the knowledgeable and determined individual he is today. Unlike many success stories, Edyme’s foray into the world of cryptocurrency did
21Shares, a subsidiary of 21Shares AG, has recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration is aimed at improving the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). The ETF is physically backed by Ether and tracks its performance, providing investors with a