News

Marathon Digital's Q1 2024 Earnings Hit Record High

Marathon Digital Holdings reports a record $337.2 million net income in Q1 2024, with significant growth in revenue and Bitcoin mining output, positioning it as a leader in the crypto mining industry.

Yagyesh Jaiswal

Marathon Digital Holdings achieves a record $337.2 million net income in Q1 2024, marking substantial year-over-year growth in both revenue and Bitcoin mining output.

Swing State Voters Favor Crypto-Savvy Politicians

Survey reveals swing state voters favor politicians who support cryptocurrency, reflecting widespread dissatisfaction with the traditional financial system and interest in digital assets.

Yagyesh Jaiswal

Swing state voters prefer crypto-friendly politicians, driven by dissatisfaction with the traditional financial system and a positive outlook on cryptocurrencies’ potential for financial security.

Crypto Trading Volume Drops to $6.58T after 7 Months Up

April saw the first decline in crypto trading volume in seven months as geopolitical issues and exchange shifts dampened activity.

Yagyesh Jaiswal

After hitting repeated highs, cryptocurrency markets saw trading cool off in April from escalating world tensions, U.S. listing changes, and an overheated bull trend facing challenges. Exchanges like Binance also saw first drops, though it remained the top platform.

FTX Bankruptcy Vows Full Creditor Recovery

FTX unveils a new bankruptcy plan promising over 100% recovery for non-governmental creditors, amidst diverse reactions concerning asset valuation and fairness in settlements.

Yagyesh Jaiswal

FTX's latest bankruptcy plan proposes full recovery and interest for creditors but faces scrutiny over asset valuations and terms. The plan includes significant payouts to regulatory bodies amidst mixed creditor reactions.

BTC Price Bounce Fuels Bullish Calls to Six Figures

Bitcoin's recent price rise has crypto options traders reconsidering the possibility of BTC hitting $100k by end of 2024 amid renewed calls for $75k and $100k strikes.

Yagyesh Jaiswal

The resurgent Bitcoin price and dovish Fed comments have crypto bulls feeling confident that $100k remains achievable this year, with options data showing growing interest in calls targeting high strikes into mid-2024. Technical analysts also point to factors supporting the case for further upside.

LocalMonero Shuts Down After 7 Years

The popular peer-to-peer Monero exchange LocalMonero announced it is closing down, dealing another blow to crypto privacy. Learn more about the reasons for the shutdown and what it means for the Monero ecosystem.

Yagyesh Jaiswal

In the ongoing battle between crypto privacy and regulators, LocalMonero is the latest casualty. However, the Monero community remains resilient with promising new tech on the horizon that could help preserve financial privacy on the blockchain.

FTX Bankruptcy Plan Aims for Full Creditor Payback

FTX unveils a new bankruptcy plan promising over 100% recovery for non-governmental creditors, amidst diverse reactions concerning asset valuation and fairness in settlements.

Yagyesh Jaiswal

FTX's latest bankruptcy plan proposes full recovery and interest for creditors but faces scrutiny over asset valuations and terms. The plan includes significant payouts to regulatory bodies amidst mixed creditor reactions.

Swing State Voters Favor Crypto-Friendly Politicians

Survey reveals swing state voters favor politicians who support cryptocurrency, reflecting widespread dissatisfaction with the traditional financial system and interest in digital assets.

Yagyesh Jaiswal

Swing state voters prefer crypto-friendly politicians, driven by dissatisfaction with the traditional financial system and a positive outlook on cryptocurrencies’ potential for financial security.

Coinbase Sued for Alleged Securities Violations

Coinbase is hit by a class-action lawsuit from six users alleging that the exchange lists digital assets as securities, potentially violating state securities laws.

Yagyesh Jaiswal

Coinbase faces a class-action lawsuit from six users alleging the platform violated securities laws by listing digital assets that qualify as securities, complicating its ongoing legal battles with regulatory authorities.

Bitcoin Network Hits 1 Billion Transactions Milestone

The Bitcoin blockchain network achieved a new milestone, processing its one-billionth transaction on May 5, 2024. This showcases Bitcoin's incredible growth over the past 15 years.

Yagyesh Jaiswal

Reaching 1 billion transactions firmly cements Bitcoin as a leading financial network. While still early, all signs point to further adoption in the coming years as institutions embrace cryptocurrency.

BTC-e Co-founder Pleads Guilty To Laundering $9 Billion

Alexander Vinnik, the co-founder of now-defunct cryptocurrency exchange BTC-e, has pleaded guilty to charges related to operating the platform and enabling billions in criminal money laundering activities.

Yagyesh Jaiswal

Vinnik has finally admitted guilt in the BTC-e criminal conspiracy case, which saw the exchange process over $9 billion for cybercriminals between 2011 and 2017 without any money laundering controls. He now awaits sentencing as the US DOJ continues its efforts to curb illicit cryptocurrency behavior.

Coinbase Sued Again Over Securities Allegations

A new class action lawsuit has been filed against Coinbase alleging the crypto exchange knowingly sold unregistered securities violating state laws.

Yagyesh Jaiswal

This latest lawsuit claims several tokens sold on Coinbase such as SOL, MATIC, NEAR and others are securities, meaning Coinbase operated as an unlicensed broker-dealer. It remains to be seen how the court will view these allegations.

Sen. Warren Highlights Concerns Over Iran's Crypto Mining

U.S. Senator Elizabeth Warren raises alarm over Iran's crypto mining operations, highlighting potential for sanctions evasion and implications for global security.

Yagyesh Jaiswal

MicroStrategy introduces a decentralized identity solution on Bitcoin's network, sparking debate among Bitcoin proponents over the use of Ordinals for data storage.

Coinbase Q1 Revenue Skyrockets with Bitcoin Rally, New Standards

Coinbase surpasses market expectations with a notable Q1 revenue surge, driven by Bitcoin's rally and new accounting standards, despite facing regulatory challenges.

Yagyesh Jaiswal

Coinbase surpasses expectations with a Q1 revenue of $1.64 billion amid a Bitcoin rally, driven by a significant mark-to-market gain and tripled transaction revenue.

Dutch Authorities Crackdown on ZKasino Scam, Seize $12.2M

Dutch police have arrested a 26-year-old man suspected of involvement in the $33 million ZKasino online gambling platform fraud and seized over $12 million in crypto assets, real estate, and luxury vehicles.

Yagyesh Jaiswal

This article details the first arrest in the ZKasino investigation and the extensive assets recovered by authorities, demonstrating their commitment to pursuing fraudsters and recovering funds for victims of digital asset scams.

Nigerian Fintechs Crack Down on Crypto Trade

Major Nigerian fintech platforms have notified customers that their accounts may be blocked if they are found engaging in cryptocurrency transactions, going against the Central Bank of Nigeria's recent move to lift the crypto ban.

Yagyesh Jaiswal

As cryptocurrency adoption grows in Nigeria despite regulatory hurdles, fintech companies are playing it safe by complying with the fluctuating directives from the central bank to avoid sanctions, leaving crypto users in a difficult position amid the ongoing lack of clarity.

CZ Reflects on Crypto’s Compliance Era Post-Sentencing

Following his recent sentencing, former Binance CEO Changpeng Zhao emphasizes the critical importance of compliance in the cryptocurrency industry's new phase.

Yagyesh Jaiswal

Changpeng Zhao, the former CEO of Binance, stresses the importance of compliance in the cryptocurrency sector following his sentencing for compliance violations in the US.

MicroStrategy's Bitcoin ID Solution Sparks Purist Debate

MicroStrategy introduces a decentralized identity solution, MicroStrategy Orange, leveraging Ordinals on the Bitcoin network, prompting debate among Bitcoin enthusiasts over network integrity.

Yagyesh Jaiswal

MicroStrategy announces a new decentralized identity solution, MicroStrategy Orange, using Bitcoin's Ordinal inscriptions, facing criticism from Bitcoin core developers for potentially harming the network's functionality.

Surging Crypto ETFs Spark Surprise Sovereign Wealth Interest

Leading sovereign wealth funds from Kuwait, Saudi Arabia, and other nations have initiated conversations with BlackRock about potentially investing in Bitcoin and crypto, reflecting growing institutional interest.

Yagyesh Jaiswal

As Bitcoin rebounds from recent volatility and Wall Street spot ETFs drive a surge in demand, some of the world's largest sovereign funds are taking a fresh look at cryptocurrencies and their potential role in diversified portfolios. BlackRock's discussions indicate big players may enter the market within months.

Shiba Inu: Layer-2 Solution Ignites Surge In Transaction Fees

Shiba Inu's layer-2 blockchain Shibarium witnessed a massive 500% spike in daily transaction fees as network usage exploded, underscoring its potential to drive the adoption of the meme coin.

Yagyesh Jaiswal

While Shibarium's ability to attract long-term developer interest will determine SHIB's future, its early transaction surge shows that community enthusiasm remains strong, providing hope that the network can evolve meaningfully from its beginnings as a lighthearted meme token.

Roger Ver Detained in Spain for US Tax Fraud

Cryptocurrency figure Roger Ver was arrested in Spain due to charges of mail fraud, tax evasion, and filing false tax returns by the US DOJ, related to unreported Bitcoin sales.

Yagyesh Jaiswal

Roger Ver, a notable figure in the cryptocurrency industry, faces extradition to the US following his arrest in Spain for alleged tax fraud involving $240 million in unreported Bitcoin sales.

Bitcoin Plummets Below $58k Ahead of the Key FOMC Meeting

Bitcoin dropped sharply ahead of the US Federal Reserve's policy decision, falling over 9% in a day to below $58,000 and 22% from its record high in anticipation of rate hikes.

Yagyesh Jaiswal

With the looming FOMC meeting and expectations of another rate hike, Bitcoin price plunged over 9% in a single day falling below the crucial $58k level. Traders seem anxious about high rates dampening economic growth and its impact on speculative crypto assets.

Binance Founder CZ Gets 4 Months Prison for Compliance Failures

Binance CEO Changpeng Zhao has been given a 4-month prison sentence for failing to implement proper anti-money laundering controls at the crypto exchange.

Yagyesh Jaiswal

While CZ took responsibility for Binance's compliance shortcomings, the sentence was still much lighter than prosecutors sought. It demonstrates regulators' willingness to work with industry so long as efforts are made to remedy issues.

MicroStrategy Adds Over $7.8 Billion in BTC to Reserves

Software company MicroStrategy made additional Bitcoin purchases totaling $1.65 billion during the first quarter, growing its total BTC holdings to over 214,000 coins.

Yagyesh Jaiswal

Despite financial pressures, MicroStrategy remains committed to its Bitcoin strategy and sees potential increases in institutional crypto demand following ETF approvals. The company now holds over 1% of the total Bitcoin supply.

SEC vs. DeFi: Uniswap's Battle and Future Regulations

Uniswap faces SEC scrutiny over securities laws, highlighting broader regulatory challenges and security issues within the DeFi sector. Here's what lies ahead for decentralized finance amid this clash.

Yagyesh Jaiswal

Uniswap is under SEC scrutiny for potential securities law violations, spotlighting the regulatory battles DeFi faces alongside significant security concerns. This situation underscores the need for DeFi to address vulnerabilities and regulatory compliance.