U.S. Bitcoin mining firm Core Scientific has posted bullish 2021 fiscal year results compared to the year prior, with its revenue increasing by 803% to $544.5 million and gross profit growing 2,443% to $238.9 million. The major BTC miner highlighted growth in hash rate, mining equipment sales, hosting revenue, digital asset mining income as key
Opera, one of the major crypto-friendly internet browsers, announced the integration of eight blockchains in a continued effort to introduce Web3 to more than 380 million mobile and desktop users worldwide. In Jan. 2022, Opera launched the Crypto Browser project, a Web3-focused initiative for facilitating navigation across decentralized applications (DApp), games and metaverse platforms. As
According to Axie Infinity’s official Discord and Ronin Network’s official Twitter thread, along with its Substack page, the Ronin bridge and Katana Dex have been halted after suffering an exploit for 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC), worth a combined $612 million at Tuesday’s prices. In a statement, its developers said they
ConsenSys-owned MetaMask tweeted a thread of updates on Tuesday for iPhone and Apple Pay users. The main feature is the ability to buy cryptocurrency using a debit or credit card through the mobile application, eliminating the need to transfer Ethereum (ETH) from a centralized exchange like Coinbase into the app. MetaMask Mobile v4.3.1 is LIVE
New protocols are launching every day on different networks in the crypto space and the trend is likely to continue through this year. When looking at the top five networks by total value locked (TVL) — Ethereum (ETH), Terra (LUNA), Binance Smart Chain (BSC), Avalanche (AVAX) and Solana (SOL) — according to data from DeFiLlama, Ethereum have
Crypto intelligence firm IntoTheBlock reports that the number of large transactions on the Cardano blockchain has increased by more than 50X this year. Large Transaction Volume (LTV) refers to aggregated volume from transactions denominated in Cardano’s native ADA token valued at more than $100,000. Since Jan. 1, LTV has increased from 1.35 billion ADA per
A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together exchange platforms, blockchain projects and tech investors, the association will work to advance blockchain-related policies that balance “innovation, consumer protection, and
The Argentinian Tax Agency (AFIP) is watching the movements of cryptocurrency traders and holders, to tighten its control over their transactions. The institution is now sending emails to Argentinian citizens asking for a series of data regarding supposed cryptocurrency operations made in their names. The agency requires the public keys of the citizen and a
The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold above $3,400. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has been oscillating around $48,000 since
Bitcoin (BTC) hinted at a welcome retracement overnight into March 30 after relentless upside failed to flip $48,000 to support. Trader: BTC still on target to crack $50,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $46,572 on Bitstamp as Wednesday began — its lowest since March 27. A susbequent rebound alleviated some
For many of us in the industry, it comes as no surprise that tech and finance are heavily male-dominated. Many fintechs are intersecting with blockchain and crypto — two other predominantly male spaces — which further widens the gap. But women in blockchain have persevered and are paving the way for future generations to confidently
This week Gnosis (GNO) price notched a swift 50%+ rally after the project took another step forward in its transition to the Coincidence of Wants Procotol, or CoW, an interface that offers traders protection from miner extracted value (MEV). Data from Cointelegraph Markets Pro and TradingView shows that the price of GNO has gained 86%
The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that incorporate cryptocurrencies.
Glassnode data shows the RHODL Ratio’s current trend suggests that the Bitcoin market could be near capitulation. Data Shows Bitcoin RHODL Ratio Has Observed Decline Recently As per the latest weekly report from Glassnode, the supply of coins older than one year has significantly risen recently. To understand the RHODL ratio, you first need to
Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations. The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday. According to Engiven, nonprofits have
Cryptocurrencies have come a long way over the last few years, so much so that their market capitalization is now above the $2 trillion mark, and large businesses including Tesla and MicroStrategy have invested billions in Bitcoin (BTC). While institutional investments in crypto assets have been growing over the last few years, discussion on how
This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels, and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated, including Dolce & Gabbana, Etro, Tommy Hilfiger, Estée Lauder, and Elie Saab. Meanwhile, digital-native fashion houses
The Canadian Conservative Party candidate for Prime Minister, Pierre Poilievre, has come out in support of allowing Canadians to use Bitcoin (BTC) as legal money in the country. The YouTube channel BITCOIN posted a video on March 29 of Poilievre saying that the people of Canada need “more financial freedom” before a crowd of about
Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC) for its crypto ETF. The new ETF product will be focused on retail investors with
On March 28, the non-fungible token (NFT) marketplace Blur announced the company has raised $11 million in a seed round led by Paradigm. The NFT marketplace Blur says the startup is focused on building an institutional-grade NFT market that’s made “for pro traders.” Blur Raises $11 Million to Craft the Startup’s Institutional-Grade Products The NFT