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
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The recent performance of Cosmos (ATOM) has raised concerns among its investors due to a 1.7% decline in the past 24 hours. The cryptocurrency has been trading in a narrow range between $8-12, contrary to the bullish trends seen in other coins. Despite a recent rebound from the 20-day moving average (DMA) support level of
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,
Cardano (ADA) has demonstrated outstanding progress during the fourth quarter (Q4) of 2023, exceeding its rivals and exhibiting impressive growth in key metrics, as per a recent Messari report. The report reveals that ADA’s revenue in USD surged by 66.7% quarter-over-quarter (QoQ), not just due to ADA’s price movement but also a 10.6% QoQ growth
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
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.
In a surprising turn of events, a new meme coin called Sponge V2 has captured the attention of the cryptocurrency community. This new coin has experienced a massive surge in price, much like Dogecoin on Solana, with a staggering increase of +60,980%. This unexpected pump has raised questions among expert analysts about whether Sponge V2
The Korea Financial Intelligence Unit (KoFIU) has recently made an announcement regarding their plans to implement a more stringent supervision of the crypto industry in South Korea. This initiative aims to enhance financial oversight and consumer protection within the fast-evolving digital asset industry. The new measures are part of KoFIU’s comprehensive strategy for 2024, developed
As the legendary Solana meme coin BONK experiences a minor localized price drop, holders are starting to question the future of this token. The recent trading volume surge for BONK, which led to it flipping Ethereum-based SHIB in 24-hour trading volume, has sparked some positive developments in the BONK ecosystem. Despite the volatile price action,
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