The market is down, but the bull run isn’t over. When it resumes running upward, some things are going to run a little more than others. Cryptocurrency’s next bull run has already begun. One of the most significant differences compared to past cycles lies in the type of new investors entering the market. Bitcoin exchange-traded…
Read more
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter. Robinhood CEO Vladimir Tenev described the recent Securities and Exchange Commission Wells notice as a “disappointing development” during a Q1 earnings call, as the firm posted a 224% increase in…
Read more
After backing and funding Bluesky when he was CEO of Twitter, Jack Dorsey has left the board of the social network. Twitter co-founder Jack Dorsey has left Bluesky’s board — the decentralized social media platform he conceived and funded in 2019 when he was Twitter’s CEO. Bluesky confirmed Dorsey’s exit in a May 5 post on the…
Read more
Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024. Earnings from Bitcoin mining dropped significantly in May as the effects of the fourth Bitcoin halving event set in. The Bitcoin halving mechanism was designed to increasingly limit the issuance of…
Read more
According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade. A dormant Bitcoin address dating back to the era when Satoshi Nakamoto was still active has woken up after 10 years. The Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets…
Read more
Memecoins are underperforming Bitcoin today, which could be a sign that traders will pay more attention to BTC’s post-halving recovery. Memecoins like Dogecoin , Shiba Inu and Pepe are among the cryptocurrencies underperforming the market on May 6, highlighting a diversion from the momentum that drove the sector higher last week. Data from CoinGecko shows that…
Read more
The long-term Bitcoin trend indicators, the 200-day and 200-week moving average, are at the highest-ever levels with Anthony Pompliano saying BTC is “as strong as ever.” Bitcoin’s 200-day moving average is at an all-time high of $50,178, a key technical indicator for predicting long-term Bitcoin price trends suggesting a bullish long-term outlook. The indicator hit…
Read more
Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX. Former pro footballer Tom Brady was grilled by comedians and former teammates during a Netflix-streamed roast and quips about his role in promoting the bankrupt crypto exchange FTX were some of the most viral to emerge on social…
Read more
Franklin Templeton thinks Solana could be in the top three largest cryptocurrencies, with the blockchain’s tech in a good place to catch the next crypto wave. Solana ‘well positioned’ to be a big 3 crypto: Franklin Templeton Solana — once thought “dead or forgotten” — is in a good place to become the third-largest cryptocurrency…
Read more
An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence. The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment for the network 15 years after its creation. Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 had been reached, which was mined into block 842,241 at 9:34 pm…
Read more
