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“# Coinbase revenue tripled in Q1, plans to add bank-like services and to list DOGE ” The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance. According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and total revenues of…
“# Shanghai Man: Aping out of gorilla token, digital dollar Biden its time… and more ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Memecoin culture clash Feed the gorillas token,…
“# Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders ” Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30…
“# Ethereum bulls maintain control ahead of Friday’s $730M ETH options expiry ” Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The non-stop action has been fueled by an incredible increase in decentralized finance (DeFi) applications where the net locked value surpassed $74…
“# Price analysis 5/13: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI ” Tesla CEO Elon Musk tweeted on May 13 that the company will stop accepting Bitcoin (BTC) payments for its vehicle purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.” Shortly after the announcement, Bitcoin…
“# Bitcoin drops to $46K, altcoins sell-off as report claims Binance is under investigation ” Within the last hour Bitcoin (BTC) price dropped by more than 3%, extending the decline which started on May 12 and saw the digital asset drop as low as $46,000 on some exchanges. Initially, on May 12 it was Tesla’s…
“# Tether discloses full reserve breakdown for the first time ” Tether Holdings Limited, the company behind the popular USDT stablecoin, released a full breakdown of its reserve composition on Thursday, offering more transparency about the composition of its assets. More than three-quarters of Tether’s reserves are held in cash, cash equivalents and other short-term…
“# Binance is reportedly under investigation from IRS and Justice Department ” Major cryptocurrency exchange Binance is reportedly under investigation by both the U.S. Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from users in the United States. According to a Bloomberg report, the two government agencies…
“# Polkadot-centric derivatives exchange raises $6.4M in seed funding ” Decentralized exchange dTrade is bringing derivatives trading to the Polkadot ecosystem after concluding a $6.4-million seed investment round, setting the stage for wider decentralized finance use cases on the developer network. The private investment round was led by some of the biggest names in the…
“# Dog day afternoon as Vitalik dumps multiple memecoins in the name of charity ” The dog-themed race up the cryptocurrency charts came to an abrupt halt on May 12 as a majority of the previously hot meme tokens including Shiba Inu (SHIB) and Dogelon Mars (ELON) saw their prices drop more than 40% with…