Author: Puskar Pande
Coinbase reports $1.6 billion in Q1 earnings as transaction revenue jumps
Following today’s closing bell, Coinbase announced that it achieved a record-breaking first quarter, generating $1.6 billion in revenue—a 72% increase over the previous quarter. The business also revealed a sharp…
10% of monthly bitcoin income will be invested by Dorsey’s Block, and shares increase after Q1 results above expectations
After-hours trading on Thursday saw Block (SQ) shares rise in response to first-quarter profits that exceeded analysts’ projections. Achieved adjusted profits per share of 85 cents over the consensus forecast…
With more than 40 apps, Build on Bitcoin launches its mainnet
The team announced on Twitter that the BOB mainnet is going live with over 40 dapps available and $300 million in total value locked (TVL). They called it “a Bitcoin-driven…
EigenLayer announces a plan to allocate 15% of the token airdrop to ecosystem participants
Protocol for retaking In May, EigenLayer will debut a native token, which will be distributed through an airdrop for platform staking users. According to a release, the independent non-profit Eigen…
MicroStrategy increases its total holdings to 214,400 BTC in April after purchasing 122 BTC
MicroStrategy, led by Michael Saylor, disclosed fresh data on its bitcoin holdings on Monday in conjunction with its first-quarter 2024 financial report. According to the quarterly report, the company currently…
Transaction volume for Tether, USDC, and DAI exceeds Visa’s monthly average for 2023: Nansen
According to Nansen, the volume of transactions for Tether, USDC, and DAI during the last 30 days has exceeded Visa’s monthly average for 2023. According to onchain expert Nansen, the…
Ethereum Surges as Transaction Fees Plummet to Six-Month Low
Ethereum has emerged as the top-performing digital asset of the week, experiencing a notable price increase of over 6% to surpass $3,300. This surge in Ethereum’s value coincides with a…
BlackRock’s Bitcoin ETF Sees Three Consecutive Days of Zero Inflows
BlackRock’s iShares Bitcoin Trust (IBIT) has encountered a notable trend, experiencing three consecutive days without any new investments, a stark deviation from its previous streak of continuous inflows lasting 71…
DOJ Challenges Tornado Cash Developer’s Dismissal Motion, Rattles Crypto Traders
The recent stance of the US Department of Justice (DOJ) against Roman Storm’s motion to dismiss in the Tornado Cash case has triggered concerns within the cryptocurrency market. The DOJ,…
Google Cloud’s Web3 Portal Launch Triggers Debate in Crypto Community
Google Cloud has recently introduced its Web3 portal, designed to cater to blockchain developers by providing access to datasets and tutorials on non-fungible tokens (NFTs). However, the response from the…
zkSNACKs Blocks Access for US Users to Wasabi Wallet: Regulatory Pressures Tighten
In a recent move, zkSNACKs, the developer behind Wasabi Wallet, has announced a ban on U.S. citizens accessing its services. The decision, outlined in a post on the Wasabi Wallet…
Movement Labs Secures $38 Million Investment Led by Polychain Capital
San Francisco-based blockchain developer Movement Labs has successfully raised $38 million in a Series A funding round, with Polychain Capital leading the investment. This substantial funding is intended to bolster…
Turmoil Strikes Beribit Amidst Russian Contemplation of Crypto Exchange Ban
Over 50 clients of the Russian cryptocurrency exchange Beribit gathered outside the company’s Moscow office in an attempt to voice their grievances and reclaim approximately 400 million rubles that had…
Terra Luna Classic Proposes Changes to Burn Tax Amid Price Downturn
Terra Luna Classic, a resilient blockchain community, has approved adjustments to its burn tax model in response to dwindling liquidity and sell pressure on the LUNC token. In a recent…
Futabasha Collaborates with SBINFT for Exclusive NFT Giveaway
The collaboration between Futabasha, a renowned manga publisher, and SBINFT, a leading Web3 platform, highlights the growing trend of mainstream companies embracing NFTs as a marketing tool. By leveraging blockchain…
BNB Introduces Native Liquid Staking on BSC
BNB Chain, a prominent ecosystem within the crypto landscape, has unveiled plans to introduce native liquid staking on its Binance Smart Chain (BSC) blockchain. This new addition is designed to…
‘Epic sat’ from the fourth Bitcoin halving block by ViaBTC is sold for 33.3 BTC ($2.13 million)
From the fourth halving block of Bitcoin, an incredibly uncommon satoshi, the smallest unit of currency, known as a “epic sat” sold for more over $2 million. “Sat 1,968,750,000,000,000” was…
$50 million cryptocurrency gaming rewards program is being launched by Immutable
Immutable, a blockchain-based gaming platform, has declared the commencement of “the largest ever web3 gaming quest and rewards program.” Dubbed “The Main Quest,” Immutable claimed to have already secured token…
Frustrated by recoveries, Celsius Loan creditors intend to oppose Celsius’ reorganization plan
According to people familiar with the situation who spoke with The Block, cryptocurrency traders are looking into legal challenges to Celsius’ reorganization plan because they feel the accord unfairly favors…
Peer-to-peer transactions are supported by Franklin Templeton for its on-chain US Government Money Fund
Franklin Templeton, an asset management company, has made it possible for tokenized shares in its on-chain U.S. Government Money Fund to be transferred amongst peers. Franklin Templeton is the market…