Atari, a pioneer in the gaming industry, has once again captured the charm of retro gaming by putting a modern twist on its iconic 1976 game, Breakout. This time, Breakout is making a comeback on the Ethereum layer 2 network Base, as part of Coinbase’s “OnChain Summer” promotion. This move by Atari showcases the company’s
Gains
Bitcoin’s price has stabilized over the weekend, with the asset hovering around $61,000. This comes after a tumultuous week that saw the primary cryptocurrency plummet to $49,500, its lowest position in six months. However, Bitcoin managed to stage a recovery and surged to almost $63,000 by Friday morning, reclaiming over $13,000 in value in less
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 exchange Gemini co-founder Tyler Winklevoss’ recent comments regarding the “reset” of Vice President Kamala Harris’ stance on cryptocurrencies have stirred up quite a controversy in the industry. Winklevoss labeled Harris’ actions as a “scam” in a post on Friday, accusing the Federal Reserve of tightening its grip on the crypto sector. While his concerns
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
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
Japanese investment firm Metaplanet has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures, to increase its Bitcoin holdings. This move comes after Metaplanet announced its plans to raise $70 million through a stock rights offering, with a major portion earmarked for Bitcoin investments. The loan carries a low 0.1% interest
In today’s rapidly evolving political landscape, the intersection of cryptocurrency advocacy and political campaigns has become increasingly prominent. A recent Fox Business report highlighted the emergence of a new advocacy group, “Crypto for Harris,” aimed at challenging Donald Trump’s industry appeal. This development signifies the growing influence of the cryptocurrency industry in shaping political narratives