London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-off loss of £17.7 million due to the collapse of Terra. Combined revenue, gains, and other income for the quarter, excluding …
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Coinbase wants the US Supreme Court to stop two lawsuits against it — which it considers “frivolous” — to allow room for arbitration, Bloomberg News reported on August 3. The two lawsuits are currently before Federal courts, where the judges have rejected the exchange’s move to send the cases into arbitration. Coinbase plans to appeal …
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Coinbase Global Inc (COIN) saw its stock price rise 18% on August 3, closing the day at $80.81 — a price not seen since May 31. During after-hours trading, COIN traded relatively flat, giving up less than 1% of its earlier gains. Source: Coinbase Global Inc. on TradingView.com Amid plummeting cryptocurrency prices, the company has …
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After extending recent gains, bnb rose to its highest point in two months during today’s trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session. Binance Coin (BNB) BNB, the native …
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Following the Solana wallet attack, the Solana Status team updated the public and detailed that the wallet addresses affected by the breach were tied to Slope mobile wallet applications. The team further stressed that “there is no evidence the Solana protocol or its cryptography was compromised.” Solana Status Report Says Affected Addresses Were at One …
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Bitcoin was trading lower on Thursday, ahead of tomorrow’s monthly nonfarm payrolls (NFP) report. The U.S. labor market has recently shown signs of slowing, following data this week reporting that nationwide job openings had fallen. Ethereum also dropped on the prospect of the NFP report, which is expected to come in at 250,000 jobs. Bitcoin …
Binance’s BNB Chain (BNB) outperformed other Ethereum (ETH) competitors in the second quarter of 2022, according to crypto insights firm Messari. In a new analysis, Messari notes the BNB Chain has had a “breakout year” in terms of its non-fungible tokens (NFT) sector with the chain witnessing exponential growth in its NFT secondary sales volume …
The world’s largest financial asset management firm is making a major push into digital assets, beginning with Bitcoin. According to a new blog post published on Thursday, cryptocurrency exchange Coinbase said it is partnering with BlackRock, the world’s largest financial asset manager, to provide its clients with direct access with crypto, starting with Bitcoin (BTC). …
Interest in the Metaverse is growing rapidly and fashion brands across the globe are taking note. A new report from the technology research and advisory firm Technavio found that the Metaverse will hit a market value of $50.37 billion by 2026. Findings from Technavio further show that the Metaverse in fashion market share is expected …
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The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate. According to the statement, the inquiry will highlight various areas of engagement with crypto and digital asset …
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Cointelegraph, the premier blockchain- and crypto-focused media outlet, is expanding its presence into the Middle East and North Africa (MENA) region with the help of a new franchise owner, Luna Media Corporation. Based in Dubai, Luna Media Corporation is a media holding group that aims to promote the Web3 industry through a variety of unrelated …
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Virginia pension fund is looking to maximize its returns by investing in the crypto lending markets. This is coming despite the low confidence level in the market after investors lost huge funds from the collapse of Three Arrows Capital. The retirement system with $6.8 billion in funds recently received the node from its board of …
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Summary: BlackRock will provide institutional investors with exposure to crypto investments. The heavyweight asset manager has partnered with crypto exchange Coinbase to make this possible. BlackRock’s Aladdin clients will access such facilities through Coinbase prime as announced. CEO of the asset manager, Larry Fink, hinted at the development back in March. The news reaffirms that …
Summary: Revenue from Ethereum mining has surpassed proceeds boasted by Bitcoin miners. Arcane research shows that ETH miners have generated around $11 billion in 2022 so far. Bitcoin miners have managed $10 billion as of press time. Ethereum’s switch to Proof-of-work could ultimately eliminate the role of miners on the network. The transition dubbed “The …
The US arm of crypto exchange Binance removed Amp (AMP) on its platform as federal regulators claim that the Ethereum (ETH) token is an unregistered security. In a new statement, the exchange says that out of an abundance of caution, it will stop supporting the native token of the AMP blockchain effective August 15th. Binance …
