Bitcoin Makes Third Retest Of Historical Support, Analyst Sounds Alarm

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been …

Singapore-Based Crypto Exchange BingX Launches New Crypto Project Incubator, BingX Labs

A Singapore-based crypto exchange is launching a new platform to support up-and-coming digital asset projects. In a new press release, BingX says it’s launching BingX Labs, a new crypto project incubator that aims to help up-and-coming crypto projects with high potential efficiently distribute their tokens. According to the press release, BingX is interested in projects …

MicroStrategy stock surges over 4% despite Q2 net loss as Bitcoin holdings hit 226,500

MicroStrategy posted a net loss of $123 million for the second quarter, an improvement from the $137 million loss in the previous quarter. The company narrowed its quarterly losses on the back of lower impairment losses and a strategic increase in Bitcoin holdings, which now total 226,500 BTC. Following the earnings announcement, MicroStrategy’s stock climbed …

Coinbase’s $1.45 billion Q2 revenue exceeds estimates despite decline in transaction revenue

Coinbase reported total revenue of $1.449 billion for the second quarter, beating the market consensus estimate of $1.396 billion. Its total income for the same period last year was $674.1 million. Meanwhile, the exchange’s net income for the period was $36 million, compared to a net loss of $97 million in 2023. EPS for the …

Russian central bank governor says CBDCs will be part of everyday life by 2031

Bank of Russia Governor Elvira Nabiullina reiterated the regulator’s belief that the digital ruble, Russia’s central bank digital currency (CBDC), will achieve widespread adoption within the next five to seven years. Nabiullina said that CBDCs have significant benefits for payments during a recent speech at the Federation Council, local media reported on July 30. CBDC …

Bitcoin long-term holders dominate profit realizations in 2024, leveraging price peaks

Quick Take DEFINITION: Realized Profit is a metric that quantifies the total profit of a digital asset, calculated by the difference between the sale price and the acquisition price for all spent coins where the sale price was higher than the acquisition price. The Realized Profit by LTH/STH (Long-Term Holders/Short-Term Holders) metric further enhances this …

Do Kwon set for extradition to South Korea after appeals court rejects US request

Terraform Labs co-founder Do Kwon is finally set to be extradited to South Korea after a more than year-long legal process in Montenegro. The Appellate Court upheld the Higher Court’s June decision to prioritize South Korea’s extradition request over that of the US. The prioritization was based on the order of request submissions, with South …

Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC

Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher hashrate. Bitfarms mined 254 BTC in July, up from 189 BTC in the previous month. The firm also …

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