Finance
Kraken, one of the world's oldest and largest cryptocurrency exchanges, is celebrating a year of remarkable growth, reporting $1.5 billion in revenue for 2024. In a rare move for a privately held crypto exchange, co-CEO Arjun Sethi highlighted the company's focus on sustainable growth, deep
Finance
Bitfarms, a major publicly traded Bitcoin mining company, is looking beyond its core business to explore opportunities in the burgeoning fields of artificial intelligence (AI) and high-performance computing (HPC). This strategic shift reflects a broader trend among Bitcoin miners seeking to diversify their revenue streams and leverage their existing infrastructure
Finance
Coinbase is making a strategic move to enhance the on-chain ecosystem by acquiring Spindl, a startup specializing in on-chain advertising and attribution. This acquisition signals Coinbase's commitment to supporting developers building on-chain applications and accelerating the adoption of Web3 technologies, with a particular focus on its own Layer
Cryptocurrency
21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), is making a bold move in the U.S. market, filing for the first-ever spot Polkadot exchange-traded fund (ETF). This pioneering application, submitted on Friday, aims to offer investors direct exposure to DOT, the native token of the Polkadot network, through
Markets
The cryptocurrency market is currently in a period of consolidation, with Bitcoin fluctuating between $100,000 and $110,000 after a brief dip to $98,000. This sideways movement has left many investors wondering if a multi-month period of choppy trading lies ahead. Market sentiment remains complex, influenced by factors
Opinion
The cryptocurrency market could be on the verge of another major rally, driven by a significant expansion in the circulating supply of stablecoins, according to a new report from CryptoQuant. The report highlights a surge in stablecoin liquidity, a key indicator often associated with sustained gains in the crypto market.
Blockchain
The team behind Geth, the most widely used software client for interacting with the Ethereum blockchain, has released an emergency update dubbed "Schwarzschild" (version 1.14.13). This critical update addresses a vulnerability in Geth's peer-to-peer (p2p) layer that could have allowed attackers to launch denial-of-service
Markets
Tether, the cryptocurrency firm behind the largest stablecoin USDT, announced a record-breaking year with a group-wide net profit of $13 billion in 2024. This substantial profit surge is attributed to the company’s significant investments in U.S. Treasuries, gold, and Bitcoin. Financial Performance and Profit Sources According to Tether’
Finance
Grayscale, a leading digital asset manager, announced on Friday the launch of its new Dogecoin Trust, offering investors exposure to the popular cryptocurrency Dogecoin (DOGEUSD). This initiative aims to attract institutional capital to Dogecoin, the world’s largest memecoin, which has experienced significant growth over the past year. Dogecoin represents
Finance
Cipher Mining, a prominent bitcoin mining company, has announced a significant $50 million investment from SoftBank, a Japanese multinational conglomerate with a valuation of $300 billion. This investment involves SoftBank acquiring approximately 10.4 million shares of Cipher Mining’s common stock, marking a strategic move to bolster the company’
Finance
Purpose Investments, the Toronto-based firm renowned for launching the world’s first spot Bitcoin ETF, has filed with Canada’s securities regulator to introduce the Purpose Ripple ETF. This proposed exchange-traded fund (ETF) aims to be the first of its kind to hold XRP directly, pending regulatory approval. Managing over
DeFi
The XRP Ledger has introduced a significant update with the activation of a clawback amendment, following a validator vote where over 90% supported the change. This development allows Ripple’s dollar-pegged stablecoin, RLUSD, to be freely traded and exchanged directly on the XRP Ledger’s decentralized exchange (DEX), thereby increasing