Cryptocurrency exchange Coinbase recently released its Q2 earnings report, revealing significant revenue despite facing overall losses. The report highlighted various financial figures, including revenue, net loss, adjusted earnings, and transaction revenue. Additionally, Coinbase discussed its market performance and future plans. In Q2, Coinbase reported a total revenue of $708 million, which experienced an 8% decline
Dogecoin (DOGE) has recently faced a decline in its price, raising concerns among traders. However, beneath the surface of these numbers lies an intriguing pattern that might hold the key to future price action. Technical analysis reveals a fascinating pattern on DOGE’s four-hour time frame chart – the bullish flag pattern. This pattern, characterized by
The potential approval of Spot Bitcoin ETFs by the Securities and Exchange Commission (SEC) has been a topic of discussion in the cryptocurrency community. However, MicroStrategy co-founder and former CEO, Michael Saylor, has made it clear that these approvals would not influence the company’s “Bitcoin Strategy.” In fact, Saylor believes that MicroStrategy’s unique approach to
In a surprising and enigmatic move, Bitstamp, Europe’s leading cryptocurrency exchange, has set the XRP community abuzz with speculation by teasing a forthcoming announcement related to the XRP token. On Twitter, the Luxembourg-based exchange shared a short video accompanied by the hashtags #XRP, #XRPL, and #XRPLedger, along with a simple yet tantalizing caption: “tomorrow.” The
The cryptocurrency market has witnessed an astronomical rise in the value of Straight to DEX tokens, and the Base Bot (BOT) token is the latest entrant to join this skyrocketing trend. In August alone, the BOT token has experienced a staggering surge of over 1,000%. This surge can be attributed to the growing interest in
The Australian Securities and Investments Commission (ASIC) has taken legal action against leading online trading platform eToro over alleged violations of financial regulations related to cryptocurrency derivative products. This lawsuit comes as a result of two-thirds of Contract For Difference (CFD) traders reportedly losing funds. The ASIC has accused eToro of contravening the design and
The LUNC community has been striving to revive the ecosystem’s native LUNC token, but recent data from an artificial intelligence (AI) algorithm raises concerns about the effectiveness of these efforts. According to PricePredictions, a state-of-the-art crypto analysis and forecasting platform, Terra Classic’s (LUNC) price is projected to decline to approximately $0.000076 by the end of
Cryptocurrency has become a significant player in the financial world, with a market capitalization of over $2 trillion. However, its rapid rise has exposed several loopholes, particularly in terms of tax reporting. The US government, in an attempt to address the estimated $50 billion crypto tax gap, enacted the Infrastructure Investment and Jobs Act (IIJA)
When Ethereum made its transition from a proof-of-work (PoW) to a proof-of-stake (PoS) framework, the blockchain industry was in search of an alternative. It was during this time that Kaspa, a Directed Acyclic Graph (DAG)-based PoW platform, emerged onto the scene. This innovative protocol provided a timely solution to the evolving needs of the blockchain
The revival plans of FTX, a crypto exchange, have raised eyebrows among industry insiders. Jesse Powell, co-founder of Kraken, has expressed doubts about the feasibility of FTX 2.0’s aspirations. In a series of tweets, Powell pointed out various challenges that could hinder the resurrection of the defunct exchange. This article critically analyzes the concerns raised
