Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines. Stablecoin giant Tether has slammed Deutsche Bank over a newly released report suggesting that stablecoins — including its dollar-pegged token Tether — could witness a “peso moment,” that would wreak…
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Eclipse founder and CEO Neel Somani said he would “work to clear my name and defend myself” and will move away from a public-facing role at the firm. Ethereum layer 2 blockchain Eclipse founder and CEO Neel Somani says he is “temporarily reducing” his role as a “public face” for the firm as he faces…
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“I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction. Twitter co-founder Jack Dorsey says the price of Bitcoin could reach a price of at least $1 million by the year 2030, adding that its value could grow even further from that point onwards. Speaking in a…
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A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application. Ether traders have stacked up their short positions over the last 24 hours, just as Grayscale Investments pulled its application for an Ethereum futures exchange-traded fund (ETF). is hovering close to a key support…
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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…
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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…
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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…
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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…
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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…
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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…
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